Pragya Misra, OpenAI's head of public policy and strategy for India, stated that the next phase of AI will concentrate on driving measurable outcomes rather than mere experiments. She highlighted examples like Cars24 using AI for customer retention and a healthcare company building its CRM with OpenAI's Codex, demonstrating AI's tangible business impact and cost-saving potential. OpenAI aims for artificial general intelligence (AGI) to benefit all humanity by making AI accessible and addressing enterprise concerns like data residency.
The Kerala Legislative Assembly has passed a motion urging the central government to completely withdraw the proposed Merchant Discount Rate (MDR) on UPI transactions exceeding Rs 2,000. Chief Minister V D Satheesan and CPI MLA K Rajan highlighted concerns that the MDR would increase business costs, harm small businesses, and reduce the appeal of digital payments, while the BJP argued it would not affect general public or small merchants.
Uttar Pradesh Chief Minister Yogi Adityanath announced the renaming of Kasari-Masari, a former stronghold of gangster Atiq Ahmed, to Shrikrishnapuri. The area in Prayagraj will see the construction of 1,200 homes for poor families on land reclaimed from the mafia leader. Adityanath reiterated his government's "zero-tolerance" policy against criminals and highlighted development initiatives.
Nandan Nilekani, head of the task force on exam reforms, stated on Tuesday that technology and a systematic approach can solve the issue of question paper leaks. He suggested generating exam papers from a large question bank at the last minute to remove economic incentives for leaks and also proposed moving towards computer-based testing.
Economic think tank GTRI has urged the Indian government to withdraw the proposed UPI charges, set to begin on October 15, arguing that the digital payment system should remain free for merchants and consumers. GTRI warns that these charges could lead to higher prices, reduced earnings for small businesses, and weakened household demand, while also benefiting international card networks by eroding UPI's price advantage. The think tank also called for an independent audit of UPI's running costs.
Rising bond yields in the US and other advanced economies are making it increasingly difficult for Indian equities to attract foreign portfolio investors (FPIs), leading to pressure on valuations and potentially lower returns for domestic investors.
Wasim Jaffer says India missed Rinku Singh's finishing prowess against West Indies, while cautioning against expecting Naman Dhir to bowl four overs and stressing his batting value.
Bharti Airtel Chairman Sunil Bharti Mittal stated that his satcom venture, Eutelsat OneWeb, is 'significantly ahead' of Elon Musk's Starlink in the Indian satcom queue, having applied for a licence five years ago, and expressed a desire to receive regulatory approval before Starlink.
Maharashtra Governor Jishnu Dev Varma has advocated for a bamboo-based economy to drive sustainable development, create rural livelihoods, and offer green alternatives to plastic. Speaking at a summit, he highlighted bamboo's crucial role in climate change mitigation, its potential to empower local communities, and its benefits for farmers.
External Affairs Minister S Jaishankar stated that the stability of the Line of Actual Control (LAC) is essential for normalising India-China relations, asserting that border disturbances will have consequences. He connected trade and investment growth to border peace and highlighted significant economic issues, including a severe trade imbalance and lack of market access for India in China. Jaishankar also referenced the 2020 Galwan clashes as a critical turning point, underscoring the profound impact of border tranquillity on the overall bilateral relationship.
A new report by FICCI, BCG, and IBA outlines that India's banking sector must grow significantly faster than nominal GDP to support a USD 30 trillion economy by 2047, requiring banking assets of USD 45 trillion. The report highlights the sector's current strength, challenges in digitisation, and the need to enhance resilience against fraud and cyber threats, proposing a 13-point agenda for stakeholders.
Tata Sons Chairman N Chandrasekaran views the group's investment in semiconductors not as a short-term financial play, but as a critical long-term commitment to India's growth and self-reliance in a sector vital for domestic consumption and global supply chains.
Dedicated Ayush dispensaries increased from 26,130 in 2013-2014 to 37,804 in 2024-2025, while hospitals rose much more slowly, from 3,605 to 3,885.
Infosys CEO Salil Parekh stated on Tuesday that the company's AI services, currently contributing over 8% of revenue, are growing rapidly and could account for almost half of its work within two to three years. He highlighted the strong demand for AI services, the company's hiring and training efforts for graduates in AI, and discussed potential risks like infrastructure challenges and societal backlash.
Union Minister Rajnath Singh has accused the Congress and its allies of attempting to instigate a 'Bangladesh-like regime change' in India, leveraging youth energy for political confrontation and anarchy, rather than constructive nation-building.
Air India secured the 57th spot worldwide, marking a notable rise from its 84th position in 2025. IndiGo, meanwhile, slipped to 61st, compared with 39th place a year earlier.
Donald Trump expressed confidence in a swift victory over Iran, suggesting military strikes before midterm elections are possible, with the primary goal of denying Tehran nuclear weapons. Meanwhile, Iranian Foreign Minister Seyyed Abbas Araghchi declared readiness for a "doomsday war" if hostilities resume, while also expressing openness to diplomacy if assets are unfrozen and oil sales allowed.
Aditya Birla Group Chairman Kumar Mangalam Birla stated on Tuesday that investments in artificial intelligence should be driven by potential returns, not by a "fear of missing out." Speaking at the 2026 Bloomberg New Economy Forum, Birla indicated that his group would adopt AI more gradually than previously planned, moving away from an "AI arms race" mentality. He also discussed the varied applications of AI across different business sectors, the challenges of capital allocation, and the impact of geopolitical events on global companies.
Indian cricketers Shubman Gill, Abhishek Sharma, Sree Charani, and Shafali Verma have been shortlisted for the ICC Men's and Women's Player of the Month awards for September, recognising their exceptional performances in recent international matches.
Finance Minister Nirmala Sitharaman stated that the Reserve Bank of India (RBI) will persist in its efforts to prevent excessive volatility in the rupee, which has significantly depreciated against the US dollar due to global uncertainties, despite India's strong macro-economic fundamentals.
India's Ministry of Power has notified the third phase of Corporate Average Fuel Economy (CAFE-III) norms for passenger vehicles, effective from April 1, 2027, which set relatively softer efficiency targets for lighter cars and demand greater improvements from heavier vehicles, a move expected to benefit manufacturers like Maruti Suzuki India.
While India and the US have narrowed their differences, the remaining issues will be the hardest to resolve
A report by IIT Bombay suggests that the proposed Merchant Discount Rate (MDR) framework for Unified Payments Interface (UPI) transactions needs rationalisation before implementation to safeguard public trust in the digital payments system, highlighting that UPI's long-term economic benefits outweigh potential incremental income from merchant fees.
The Tata Aeris iCNG, evolving from the Tigor, offers a modernized exterior and a feature-rich interior. It boasts innovative twin-cylinder CNG technology for maximum boot space, premium comfort features like ventilated seats and a 360-degree camera, and a smooth driving performance. Priced competitively, it aims to challenge rivals in the segment while offering enhanced practicality.
'While the population remains relatively young, its age structure is beginning to shift, setting the stage for a much older population later this century.'
Rajasthan Governor Haribhau Bagde highlighted ethanol's potential to protect India from volatile petroleum markets and geopolitical risks, advocating for its widespread production and use. He, along with other officials, emphasised ethanol's role in strengthening the rural economy, ensuring timely cane payments, and combating carbon emissions, while also discussing its historical context and current government support.
"Pressure on the current account is a temporary problem. Sooner rather than later, our external sector will improve," said RBI Governor Sanjay Malhotra.
India remains one of the Hyundai Motor group's most important and strategic markets globally. The initiative positions India as a strategic core market for the group's growth, emerging market expansion, and next-generation automotive innovation.
'Indian IT firms must hire and train more Americans while reducing dependence on sending employees from India to the US.'
India's Chief Economic Advisor V Anantha Nageswaran stated that the country's balance of payments (BoP) pressure is expected to remain a continuous challenge due to rising imports, commodity dependence, high global interest rates, and intense competition for capital.
'Without that one critical irrigation, the entire crop can be lost.'
India's GST Council has approved changes allowing small online sellers to register in states without physical premises by using an e-commerce operator's warehouse as their principal place of business, aiming to boost national sales for small businesses.
Cricket legend Sunil Gavaskar has criticised India's bowling strategy in the second T20I against the West Indies, particularly the decision to give Kuldeep Yadav the crucial 17th over instead of pacers Mayank Yadav or Arshdeep Singh, a move he believes cost India the match.
Former President Donald Trump's recent deal with Russia to supply diesel to the US and global markets has ignited a political firestorm, drawing sharp criticism from Ukraine's President Volodymyr Zelenskyy, Democratic leaders, and a segment of Republicans, despite the US Treasury lifting sanctions on Russian diesel supplies.
'The drought situation of Maharashtra is more severe than in 1972.'
A report by IIT-Bombay professors recommends reducing the Merchant Discount Rate (MDR) on UPI transactions from 0.40 per cent to 0.08 per cent. It suggests that banks should fund the UPI ecosystem using their net interest margins from CASA deposits, rather than relying on MDR. The report also addresses transaction costs, credit card MDR, and ATM withdrawal allowances, aiming to ensure UPI's long-term sustainability and public trust by proposing remuneration only from large merchants.
Prime Minister Narendra Modi launched the 'We Will Do It' slogan, aiming for India to become a developed nation by 2047 through visionary policies and hard work, while also addressing the challenge of societal division.
A joint report by Deloitte India and FICCI projects India's consumer economy to reach USD 1.9 trillion by 2030. This growth will be fuelled by rapid AI adoption, evolving consumer preferences, and new commerce models like e-commerce and quick commerce. India leads in AI adoption among top countries, with businesses leveraging it for engagement, innovation, and forecasting. The report also highlights the emergence of a new Indian consumer seeking convenience and transparency, and identifies key trends shaping FMCG, retail, and e-commerce sectors.
Pakistan Prime Minister Shehbaz Sharif repeatedly refused to answer reporters' questions regarding Lashkar-e-Taiba (LeT) chief Hafiz Saeed during his visit to the United Nations headquarters for the 81st United Nations General Assembly (UNGA).
India's Next-Gen GST reforms are proving instrumental in driving robust economic growth, simplifying tax compliance, and fostering a more inclusive business environment across the nation, aligning with the vision of a 'Viksit Bharat', writes Finance Minister Nirmala Sitharaman.
