Congress leader Rahul Gandhi has accused the Modi government of quietly paving the way for imposing fees on UPI transactions, alleging it's a surrender to American pressure. The government's recent notification exempts charges only up to Rs 2,000, sparking concerns that higher value transactions and eventually all UPI payments could incur fees. Finance Minister Nirmala Sitharaman, however, clarified that Merchant Discount Rate (MDR) applies to merchants, not customers, and supports digital infrastructure.
Reserve Bank of India (RBI) Deputy Governor Rohit Jain has warned that financial institutions' increasing reliance on a small number of common technology providers, including cloud and AI model providers, could create a new source of systemic risk. He highlighted 'speed, concentration and opacity' as key risks, noting that a disruption at one provider could rapidly spread across multiple institutions, amplifying existing financial risks.
India's trade deficit reached a six-month high of $31.98 billion in July, driven by a sharp increase in imports, particularly crude oil, electronic goods, coal, and fertilisers. Both merchandise exports and imports recorded their second-highest levels during the same period.
'If you listen to a rowdy in a class, he will keep on bullying you.' 'India can say do whatever you want. We will not compromise on anything.'
Indian information technology (IT) stocks, led by Infosys, experienced a significant selloff, dragging the Nifty to a two-month low, primarily due to escalating West Asian tensions pushing crude oil prices higher, and concerns over upcoming large IPOs diverting funds from secondary markets. The sector is also grappling with the long-term implications of AI disruption.
'Across the entire value chain, we will be able to industrialise AI adoption, and that is the main purpose of the deal.'
Remember when photographs had film grain, hairstyles had volume and nobody had to worry about accidentally taking 47 identical selfies? The 1980s are back on Instagram, thanks to AI.
'They are claiming that they are very good in governance. All governments do propaganda. This is the propaganda of the government that they are doing very well, in spite of all the troubles.'
'They are claiming that they are very good in governance. All governments do propaganda. This is the propaganda of the government that they are doing very well, in spite of all the troubles.'
'If a student can get a good teacher, quality content and mock tests at no cost, it becomes very hard for a mid-tier coaching centre to keep charging for the same lecture.'
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.
Economists widely anticipate the Reserve Bank of India's Monetary Policy Committee will increase the repo rate by 50 basis points, likely split between the October and December meetings, as retail inflation is projected to peak at 6.1 per cent in the third quarter, exceeding the RBI's tolerance limit.
Central Delhi has undergone a significant beautification drive, including extensive lighting, floral displays, and BRICS-themed signages, in preparation for the upcoming BRICS Leaders' Summit. The New Delhi Municipal Council (NDMC) and other civic bodies have focused on sprucing up key routes, hotels, and the summit venue, Bharat Mandapam, to welcome delegates and visitors.
The Indian government has permitted Foreign Direct Investment (FDI) in an inventory-based e-commerce model exclusively for the export of domestically manufactured or produced goods, aiming to boost outbound shipments without affecting small local retailers.
Foreign portfolio investors (FPIs) significantly increased their buying in Indian equities during the first half of August, with financial services attracting the largest inflows, reversing previous outflows. The IT sector also continued to see strong interest from overseas investors, driven by a reassessment of valuations and the role of Indian IT firms in AI deployment.
For India, the goal is not simply to host another grand diplomatic gathering. It is to prove that a diverse coalition of emerging powers can still deliver.
'We have a very demanding electorate which expects us to do something. So we will have to do something which is a bit out of the ordinary while at the same time keeping in mind the risk factors.'
Making UPI payments fee-based for some transactions could enhance mental reservations against digital payments -- which have largely been overcome -- once more. Do we want to regress?, asks R Jagannthan.
Apple's upcoming iPhone 18 lineup is set to cost 20 to 43 per cent more in India, primarily due to rising global memory component costs and a depreciating rupee, while the new foldable iPhone Duo will be priced between Rs 3 lakh and Rs 4.5 lakh, matching the cost of some hatchback cars.
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.
India's statistics ministry has defended its newly released economic growth estimates, stating that revisions to last year's GDP and the divergence between different price measures reflect updated data and estimation techniques rather than an attempt to artificially boost headline growth.
Corporate leaders' half-life has shrunk over the past few decades. That is the Tata experience as well. Over 144 years till 2012, Tata Sons had just five chairmen. However, in the 15 years till 2027, the same group will see three, points out R Gopalakrishnan.
Tamil Nadu Chief Minister C Joseph Vijay announced official vehicles and a monthly allowance for MLAs to address public grievances and monitor government projects in their constituencies. This initiative aims to reduce financial burden, improve transparency, and ensure grassroots service delivery.
Tempsens Instruments India has emerged as the strongest mainboard IPO debutant of calendar year 2026 so far, delivering a 95.55 per cent gain on its listing day, surpassing all previous top performers and contributing to August being the strongest month for listing gains this year.
Eiffel Tower employees launched a strike, leading to the iconic landmark's closure, after allegations surfaced that female staff were asked to vacate their posts during a visit by the Hindu religious organisation BAPS.
'People have been facing significant difficulties due to skyrocketing airfares, and road transportation was inaccessible until now.'
Rs 299,900 can buy you Apple's first foldable iPhone. Or it can buy you a passport full of memories, a suspiciously large holiday wardrobe and enough airport coffee to develop a personality.
'India is vulnerable to the West Asia crisis in three ways: Energy costs, the business Indian companies conduct in the region, and remittances from the Indian diaspora.'
GSTAT has crossed 75,000 filings but disposed of only 83 cases, highlighting the huge backlog facing India's new GST appeals tribunal.
A recent building collapse in Satya Niketan, Delhi, which killed seven people, has brought to light the dire living conditions faced by students in paying guest (PG) accommodations near Delhi University's South Campus. Due to a severe shortage of on-campus hostels, students are forced to pay high rents for cramped rooms with poor ventilation, inadequate facilities, and sub-standard food. The article details student experiences with non-functional amenities, mandatory food charges for poor quality meals, and the lack of support from student bodies, highlighting a systemic issue in student housing.
'Every period of excessive optimism eventually gives way to a correction, while periods of extreme pessimism often create the best investment opportunities.'
Tata Consultancy Services (TCS) and Google Cloud have inaugurated a new Gemini Experience Center (GEC) in Mexico City. This facility, the second in Latin America and ninth globally for TCS, is equipped with over 3,000 AI agents and aims to drive industry-specific AI solutions across various sectors. It will help organisations bridge the gap between AI experimentation and implementation, enhancing innovation and data-driven decision-making in the region.
Newly listed companies Vedanta Aluminium Metal, SBI Funds Management and Manipal Health Enterprises have entered the Rs 1 trillion mcap list since March 2026.
The Indian government has approved the introduction of one billion polymer banknotes in Rs 10 and Rs 20 denominations for field trials, aiming to enhance durability. This move comes as the Finance Minister also addressed Parliament on declining retail inflation, GST reforms, and other fiscal measures taken to support the economy and household consumption.
As the world's most populous country, India's economy looks large in the aggregate even as its average incomes stay modest.
With NEET-PG 2026 scheduled for August 30, online postponement rumours are causing chaos. The National Board of Examinations in Medical Sciences (NBEMS) slammed social media users spreading fake news, warning that circulating misleading exam updates could trigger strict legal action. They advised candidates to trust official announcements only.
A five-storey boys' hostel in Satya Niketan, Delhi, collapsed, killing three students and trapping others, leading to widespread condemnation from opposition parties. Leaders from Congress and AAP criticised both the central and Delhi governments, highlighting inadequate hostel facilities and demanding accountability for student safety.
Savita Punia's journey from a shy youngster dependent on her mother to a confident veteran goalkeeper and mentor reflects hockey's profound impact on her life.
In his advice to a distressed husband rediffGURU Ravi Mittal, dating coach, CEO of online dating website Quack Quack and Rebounce, a matrimony platform, explains how to address long-standing issues in a marriage.
'The fundamental issue that I have raised, how come India's GDP in current prices went down from Rs 86 lakh crore down to Rs 80 lakh crore -- a staggering erasure of Rs 6 lakh crore. This disappearance of Rs 6 lakh crore has not been answered by anyone.'
