Japan inaugurated the 20th Asian Games in Nagoya with a vibrant opening ceremony that seamlessly blended advanced technology and rich cultural traditions, despite earlier organisational challenges.
Moody's Ratings has sharply increased India's GDP growth forecast for fiscal 2026-27 to 7 per cent, making it the fastest among G20 economies, driven by economic resilience despite the Middle East conflict. However, the agency flagged significant inflation risks stemming from elevated oil prices and potential El Nino disruptions.
The government is introducing a 0.4% Merchant Discount Rate (MDR) on UPI person-to-merchant payments above Rs 2,000, effective October 15. This move ends the zero-MDR regime, aiming to fund UPI infrastructure and sustainability, as the previous government subsidy was insufficient to cover operational costs. Payments between individuals and most everyday merchant transactions will remain free.
The Finance Ministry has dismissed allegations of US pressure influencing the 0.4% Merchant Discount Rate (MDR) on select UPI transactions. It clarified that NPCI guidelines prioritise RuPay credit cards on UPI and do not favour international cards. The ministry also asserted that the MDR, applicable to person-to-merchant transactions above Rs 2,000, is unlikely to increase cash transactions or cause inflation, with measures in place to prevent burdening consumers.
Shubman Gill, India's Test and ODI captain, celebrated his 27th birthday, marking a remarkable journey from a young prodigy to a dependable leader and cornerstone of the Indian batting line-up, with impressive records across all formats.
Dr Komal Verma Saluja, a final-year student at Government Medical College Kota (GMCK), has been awarded the "Researcher of the Year Award 2026" by the India chapter of the American College of Physicians (ACP). She is the youngest and first medical student to receive this prestigious accolade. Saluja's research includes identifying an imaging biomarker for early cognitive decline in type 2 diabetes and developing a diagnostic method for fatty liver disease using echocardiography. Her achievements have brought pride to GMCK and highlight the need for more novel diagnostic and therapeutic research in India.
The National Company Law Tribunal (NCLT) has dismissed a plea by Jet Airways' liquidator seeking a Rs 500 crore refund from Boeing, ruling that the matter involves a complex contractual dispute requiring detailed adjudication and evidence beyond the tribunal's insolvency jurisdiction.
The Finance Ministry has refuted allegations that US pressure influenced the decision to levy a 0.4% Merchant Discount Rate (MDR) on select UPI payments. It clarified that NPCI guidelines prioritise RuPay credit cards on UPI to foster a domestic payment ecosystem and that the MDR introduction aims to create a sustainable revenue model for smaller domestic companies, thereby protecting India's sovereignty in digital payments.
The Bombay High Court has ordered a CBI investigation into the 2020 death of Disha Salian, former manager of actor Sushant Singh Rajput, after criticising the Mumbai police for their six-year-long probe which it said "raises more questions than answers." The court noted "glaring discrepancies" in the police's handling of the case, which was initially treated as an accidental death, and highlighted issues like delayed panchnama and unusual injury patterns. Salian's father had petitioned the court, alleging foul play and a cover-up, and sought an FIR against a political leader.
The second season of the Archery Premier League (APL) is set to commence on October 8 in Hyderabad, featuring a strong lineup of India's top archers, including Olympians Deepika Kumari and Atanu Das, alongside 12 international stars like world number one Marcus D'Almeida. The league will showcase 36 Indian archers competing in both recurve and compound categories, with a unique 15-second shot clock designed to enhance competition.
Shares of HDFC Bank rose nearly 3 per cent after its Managing Director and Chief Executive Sashidhar Jagdishan decided not to seek reappointment after his current term concludes on October 26.
Alexander Zverev defeated Botic van de Zandschulp in straight sets to advance to the U.S. Open semi-finals. Despite an erratic start with serve, Zverev recovered to dominate the match, setting up a clash with Karen Khachanov.
Adobe has announced Anil Chakravarthy as its new president and CEO, succeeding Shantanu Narayen, who will transition to executive chair. Chakravarthy, an alumnus of Banaras Hindu University and IIT, will assume the role on December 1, leading the company into an AI-driven era.
From a scene-stealing child actor to a cult-comedy favourite and a director in his own right, Kunal Kemmu has delivered plenty of memorable turns across three decades.
The only previous tie had occurred at Brisbane back in December 1960 between Australia and the West Indies. In the 40 years since the Madras Test, there have been 1,583 Test matches. But there has never again been a tie.
Ladakh Lieutenant Governor Vinai Kumar Saxena has approved new rules for the regularisation of 'nautor lands', granting proprietary rights to eligible landholders. This move aims to resolve a long-pending issue, provide legal certainty, and allow land to be used as a financial asset for thousands of residents in the Union Territory.
The central government has introduced a 0.4 per cent fee on UPI transactions exceeding Rs 2,000, prompting traders' associations to advocate for cash payments to avoid additional costs on digital payments. This move ends the zero-Merchant Discount Rate (MDR) regime, with traders expressing concerns about operating on tight margins and the potential for increased charges.
A court in Ballia, Uttar Pradesh, has sentenced seven people to life imprisonment for the murder of a man in 2020, related to a long-standing feud.
Gurucharan Singh Hora, current Joint Secretary (Interim) of the All India Tennis Association (AITA), has announced his candidature for the Secretary General post. His decision comes amidst ongoing legal challenges and governance reforms within the AITA, with fresh elections mandated by the Delhi High Court.
Indian gymnast Pranati Nayak, the sole representative from India, is set to compete in her fourth Asian Games in Nagoya, Japan, aiming for her first medal.
Ajay Devgn's lease of his Juhu bungalow to a commercial salon has ignited a dispute with his housing society, which is vehemently opposing the move citing the area's residential character and potential disruptions.
India's cement industry is on the brink of an oversupply situation as aggressive capacity expansion by major players is set to outpace demand growth over the next two financial years, potentially leading to pricing pressures and moderated utilisation rates.
Chelsea have completed the signing of World Cup-winning goalkeeper Emiliano 'Dibu' Martinez from Aston Villa on a three-year deal, strengthening their squad ahead of the new season.
Xi brought in asymmetrical power play by stating that India should have 'strategic cognition' and 'strategic judgement made on the basis of the stage of development the two countries are at'. This is a very nuanced way of asserting China's coercive diplomatic posture and reflects Beijing's penchant to unleash border instability at will, restrict rare earth metal exports, exert pressure on India at global and regional orders, asserts China expert Srikanth Kondapalli.
Info Edge, the parent company of naukri.com, has invested over 1,000 crore in more than 50 artificial intelligence (AI) and deep-tech startups since 2020, demonstrating its commitment to fostering India's emerging technology ecosystem.
Finance Minister Nirmala Sitharaman announced that the Goods and Services Tax (GST) Council's October 7 meeting will focus on 'GST 2.0' process reforms, including e-invoicing and input tax credit rules, while also addressing complex issues surrounding the taxation of the digital economy and cryptocurrency.
The Congress party has criticised the government's new 0.4% charge on UPI transactions above Rs 2,000 for merchants, terming it a "Modi tax". Opposition leaders, including Rahul Gandhi and Mallikarjun Kharge, allege that this move will ultimately burden consumers through price hikes and accuse the government of succumbing to American pressure to dilute India's zero-MDR policy. The government states the charge will support banks and fintechs.
Former chief selector and head coach Haroon Rasheed has attributed the decline of Pakistan cricket to the domestic structure changes implemented by former Prime Minister Imran Khan, who insisted on reducing first-class teams despite recommendations for a hybrid model.
Ben Shelton defeated Frances Tiafoe in an electric U.S. Open semi-final, setting up a title clash with Alexander Zverev. Shelton's victory marks a significant moment for American men's tennis, as he aims to become the first American Grand Slam champion since 2003 and the first Black American man to reach the U.S. Open final since Arthur Ashe in 1972.
Sashidhar Jagdishan, the managing director and chief executive of HDFC Bank, has opted out of being considered for reappointment after his current term ends on October 26, choosing to retire after nearly three decades with the lender.
French Formula One driver Pierre Gasly secured his first career pole position at the Italian Grand Prix, driving for Alpine. He upset favourites like George Russell and Max Verstappen with a stunning final lap, marking a significant achievement for both Gasly and his team at the historic Monza circuit.
A Delhi court acquitted four men accused in the 2020 Delhi riots case, citing unreliable police testimonies contradicted by investigation records and other evidence.
India's proposal to link BRICS payment systems, including central-bank digital currencies (CBDCs), was notably absent from the grouping's New Delhi Declaration, despite being a key agenda item for India's chairmanship. This omission leaves the 16-year effort for trade in local currencies without a settled payment architecture, with the declaration only 'acknowledging' the work of the BRICS Payment Task Force.
A gym trainer, Vijay Kumar, was shot dead in south Delhi's Aya Nagar. Police are investigating a possible link to a longstanding village rivalry and are verifying a social media post by gangster Himanshu Bhau claiming responsibility. This incident follows other violent deaths in the area, including a dairy businessman's murder, also linked to the Himanshu Bhau gang. Family members deny Vijay Kumar had personal enmity, suggesting he was caught in an ongoing family feud.
The Janata Dal (United) is considering a proposal to rename the party as 'JD(U)-Nitish' to honour its leader Nitish Kumar, a move supported by key aides but criticised by the RJD, which suggests it indicates an impending split within the party.
In recent years, China and Russia have pushed for de-dollarisation within BRICS, which India has resisted. One reason is that India does not want to hurt its relationship with the United States, and another is the fear of China controlling trade because the renminbi is considered the strongest currency in the bloc today.
American Sofia Kenin defeated compatriot Venus Williams 6-2, 7-6(6) in a US Open first-round match that started at 12:13 am on Monday, marking the latest start in women's tournament history.
Five-time Guinness World Records holder Sufiya Sufi is preparing to defend her Ladakh Silk Route Ultra Marathon title, aiming for a record-breaking performance. She shares her journey into ultra-running, which began in 2017 as an escape from a monotonous routine, and her ultimate dream of a 30,000-km circumnavigation run.
Alexander Zverev defeated Luciano Darderi to reach the US Open quarter-finals, marking his fourth consecutive Grand Slam quarter-final appearance this year.
Prime Minister Narendra Modi conveyed to Chinese President Xi Jinping that peace and tranquillity along the frontier remains an "essential" basis for the development of India-China relations, even as the two leaders welcomed "steady progress" in bilateral ties during their talks on the sidelines of the BRICS summit.
