Bankers said the impact could become more visible from September 29 as customers could withdraw larger amounts of cash, although ATM operations are increasingly managed through third-party cash-loading arrangements.
'There will be some inconvenience to people. But we have given one-month notice to the government one month ago.'
China has established a significant lead in the Aich-Nagoya Asian Games medal tally after the third official day, securing 53 medals including 32 golds. Japan and Korea follow in second and third place respectively, while India is currently positioned eighth with 7 medals.
China leads the medal tally at the Aich-Nagoya Asian Games after the fourth day of competitions, securing 78 medals including 48 gold. Japan and South Korea follow, while India is currently placed 13th with 12 medals.
Indian canoe sprint athletes faced a challenging day at the Asian Games in Nagoya, with all four entries failing to secure medals across various events, including men's canoe double, men's kayak four, women's kayak double, and women's canoe single.
India A, led by skipper Devdutt Padikkal's fifty and Kumar Kushagra's unbeaten 46, set Australia A a challenging target of 363 runs on day three of their four-day match in Puducherry. Australia A ended the day at 55/2, needing 308 more runs to win.
'I used to earn Rs 45 for working 12 hours a day at the age of 14.' 'The situation at home was weak, so that money was very important. I did whatever work I could find.'
Coal inventories at India's thermal power stations have fallen to 22.9 million tonnes, providing only a seven-day fuel cover and affecting 74 out of 190 plants, a situation last seen in October 2023.
Indian athletes are set for a packed day of competition at the Asian Games, participating in various sports including athletics, boxing, canoe sprint, hockey, kabaddi, rowing, shooting, squash, swimming, table tennis, and wushu. Several medal events are scheduled in rowing and shooting, with key matches in team sports like hockey and kabaddi.
India's Monsoon session of Parliament remains formally unprorogued 40 days after adjournment, setting a new record. This unusual delay fuels speculation that the government intends to introduce a key legislation, possibly an amendment to the women's reservation law, without convening a new session. The proposed amendment aims for a 50 per cent seat expansion to address concerns over delimitation.
Srihari Nataraj secured a spot in the 50m backstroke final at the Asian Games, clocking 25.37 seconds. However, other Indian swimmers, including Rishabh Das, Akash Mani, Geetesh Shah, Danush Suresh, and the men's 4x200m freestyle relay team, failed to advance beyond the heats, marking a mixed day for India in the pool.
Trade and business associations across India are organising a 'No UPI Day' on October 2 to protest the upcoming 0.4 per cent merchant discount rate (MDR) on Unified Payments Interface (UPI) transactions exceeding 2,000, effective from October 15.
A Delhi court has granted student activist Sharjeel Imam seven days' interim bail to attend the weddings of his two cousins in Delhi and Bihar. The court cited it as his second such plea for family events, despite opposition from Delhi Police regarding the seriousness of charges under UAPA related to the 2020 Delhi riots. Imam is subject to strict conditions during his temporary release.
Arunachal Pradesh Chief Minister Pema Khandu and Deputy Chief Minister Chowna Mein paid rich tributes to engineers on National Engineers' Day, commemorating the birth anniversary of Sir M Visvesvaraya. They highlighted the crucial role of engineers in the state's development, infrastructure, and India's overall progress, acknowledging their contributions to nation-building and technological advancement.
Six companies made their stock market debut on Thursday, setting a new record for the most mainboard listings on a single day since at least 1996.
The Reserve Bank of India (RBI) has proposed a standard operating procedure (SOP) for banks to implement temporary debit holds on accounts or transactions suspected of being involved in money-mule activity and cyber-enabled financial fraud, with a maximum duration of 60 days.
Lucknow police have arrested two individuals for allegedly abducting a youth and holding him captive for four days over an unpaid mobile phone instalment. The victim was reportedly forced to do labour work and had one unit of blood drawn against his will and sold. The accused, one of whom worked for a credit services company, also allegedly extorted money online from the victim.
Congress's Nandigram bypoll candidate Milan Pradhan has been sent to judicial custody until October 3 on charges dating back 19 years, effectively ending his campaign for the October 6 by-election.
The National Stock Exchange of India's (NSE) mega Rs 22,569-crore initial public offering (IPO) was subscribed 43 per cent on its first day of bidding, making it India's second-largest public issue after Hyundai Motor India's Rs 27,870-crore IPO in 2024.
'If he settles on something, there are fifty considerations behind it -- the pros and cons, all of it.'
The National Stock Exchange of India's (NSE) mega Rs 22,569-crore initial public offering (IPO) opened for subscription, receiving 9 per cent bids on its first day, with strong participation from anchor investors.
The initial public offering (IPO) of auto components maker Hero Motors Ltd was fully subscribed on its first day of bidding, receiving bids for 1.38 times the shares on offer, with strong interest from retail investors.
The National Stock Exchange of India's (NSE) mega Rs 22,569-crore initial public offering (IPO) was fully subscribed on the second day of bidding, driven by strong interest from qualified institutional buyers and non-institutional investors.
Market experts have largely supported Sebi's proposed changes to the expiry-day trading framework, including delinking derivatives settlement prices from cash-market closing prices and discontinuing live indicative index values during the Closing Auction Session (CAS), believing these will address volatility and manipulation.
The Bombay High Court strongly criticised the Pune administration's decision to ban alcohol sales for 10 days during the Ganesh festival, questioning why Pune was singled out for such restrictions while other regions were not. The court deemed the blanket ban arbitrary and stigmatising for Pune residents, urging the administration to withdraw the order or face judicial intervention.
The Indian women's cricket team secured a gold medal at the Asian Games by defeating Sri Lanka in the final. Opener Shafali Verma played a crucial all-round role, scoring 48 runs and taking two wickets. Verma expressed immense pride in representing the nation and celebrating the victory.
Triptii Dimri and AP Dhillon were spotted at the high-profile Apple launch event in California, where the tech giant unveiled its highly anticipated iPhone 18 Pro series and the groundbreaking foldable iPhone Duo.
The Closing Auction Session (CAS) on expiry day led to unprecedented volatility in the Nifty 50 and Sensex, causing the indices to swing wildly in just 14 minutes and raising concerns among traders about market manipulation and increased speculation.
A Delhi court has remanded the building owner's son, a PG operator, and a contractor in police custody following the collapse of a five-storey structure in Satya Niketan that resulted in seven deaths. The arrests are part of an ongoing investigation into the Sunday incident, with authorities probing the role of alleged illegal constructions.
BCCI Secretary Devajit Saikia stated that the missing Asia Cup trophies for both men's and women's teams will eventually reach the BCCI headquarters, though no timeline was given. He also expressed confidence in the women's team winning gold at the Asian Games.
Top US and Chinese officials, including Vice Premier He Lifeng and Treasury Secretary Scott Bessent, held "candid, in-depth and constructive" talks in New York on economic and trade issues, with a specific focus on artificial intelligence. These discussions precede Chinese President Xi Jinping's anticipated visit to Washington and occur amidst new US sanctions targeting countries purchasing Russian oil and gas, and the US unveiling an "AI Force."
Indian benchmark indices, Sensex and Nifty, closed nearly flat on Thursday, influenced by the US Federal Reserve's interest rate hike and indications of further monetary tightening. Despite some intraday gains, caution prevailed, with foreign institutional investors continuing to offload equities. Meanwhile, the National Stock Exchange of India's (NSE) mega initial public offering opened for subscription, garnering 39 per cent subscription on its first day.
Hindutva influencer Swatantra Bhardwaj has been remanded to one-day judicial custody by a Delhi court in connection with the alleged assault on the father of a student activist during a protest at Jantar Mantar. The Delhi Police have added charges under the SC/ST (Prevention of Atrocities) Act and criminal intimidation, along with a POCSO case, following his detention and previous claims of "cracking the skull" of the activist's father.
The US Department of Homeland Security (DHS) has proposed a new rule to eliminate the 60-day grace period for H-1B visa holders and other nonimmigrants after job loss, a move expected to significantly impact Indian technology workers.
Banking services, particularly at public sector banks across India, were impacted by a nationwide strike called by the United Forum of Bank Unions (UFBU) to demand the immediate implementation of a five-day workweek and resolution of pending wage-related issues.
A Sikh truck driver was brutally stabbed multiple times in a Wyoming rest area, an incident occurring amidst a reported rise in anti-South Asian rhetoric in the US. The attacker has been arrested and charged with attempted first-degree murder.
What happens to my money if the market falls off a cliff tomorrow? Sandipan Roy, CIO, Motilal Oswal Private Wealth has the answer.
Hindutva influencer Swatantra Bhardwaj has been remanded to one-day police custody by a Delhi court judge, facing charges under the SC/ST (Prevention of Atrocities) Act, criminal intimidation, and the POCSO Act following allegations of assault and online harassment.
The owner of the building that collapsed in Satya Niketan, Delhi, killing seven people, has been apprehended from Rajasthan's Bhiwadi area. Hariram Gupta was arrested after a massive search operation, having gone into hiding immediately after the incident. Police are continuing their investigation into the circumstances of the collapse and the repair work being carried out.
Sachin Tendulkar remembered his father Ramesh's timeless lessons on honesty, character and avoiding shortcuts, while launching a fellowship to honour his legacy and expand opportunities for young professionals.
