Paytm founder Vijay Shekhar Sharma has pledged personal funds, ranging from Rs 1 crore to Rs 2 crore, to Indian entrepreneurs developing their own artificial intelligence models. This initiative aims to foster indigenous AI capabilities and reduce reliance on foreign models, echoing Sharma's past success in mobile payments.
Finance Minister Nirmala Sitharaman stated that negotiations for the India-US trade agreement have reached a 'plateau', indicating limited scope for further concessions from either side, while also highlighting the US's aim to reduce its trade deficit with India.
The GST Council is set to consider a proposal allowing businesses to file for GST registration in multiple states via a single application and standardise the documents required by tax officers, aiming to enhance ease of doing business.
Actress Florence Pugh has voiced strong support for a Cornell University student who was allegedly gang-raped, criticising the university's lenient handling of the accused. Pugh expressed her outrage at the systemic failure to protect women and the disproportionate consequences faced by victims versus perpetrators.
Leaders of the opposition INDIA bloc met President Droupadi Murmu, alleging 'vote chori' and demanding the resignation of Chief Election Commissioner Gyanesh Kumar, along with the repeal of assembly polls from the last two years. Rahul Gandhi expressed shock that the President did not deny the 'election theft' charge but sought proof.
The removal of Goods and Services Tax (GST) on individual health and life insurance has led to a significant increase in new policy purchases and higher coverage levels, despite an initial surge moderating, according to industry experts.
"Pressure on the current account is a temporary problem. Sooner rather than later, our external sector will improve," said RBI Governor Sanjay Malhotra.
Finance Minister Nirmala Sitharaman announced that India is set to introduce a new, more investor-friendly bilateral investment treaty (BIT) framework, which is expected to receive Cabinet approval shortly, aiming to provide sharper protection for investors from both sides.
The Finance Ministry has clarified that the 0.4 per cent Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000, effective October 15, is not expected to increase cash transactions or cause inflation. The ministry also dismissed allegations of US pressure influencing the decision, asserting that the policy aims to promote RuPay credit cards within the UPI ecosystem, and a monitoring mechanism will ensure the MDR burden is not passed on to consumers.
The United Arab Emirates (UAE) has expressed intent to invest an additional $25 billion in India, with an ultimate goal of reaching $100 billion in investments, Union Minister Piyush Goyal announced. This comes as both nations plan to enhance cooperation in shipping, ports, energy, and emerging technologies, against a backdrop of expanding bilateral trade.
Fitch Ratings has increased India's GDP growth forecast for the current fiscal year (FY'27) to 6.9 per cent, up from 6.4 per cent, attributing the revision to robust economic growth in the June quarter and overall economic resilience. The agency also anticipates the Reserve Bank of India (RBI) will raise interest rates by 0.25 per cent in October.
Tax experts clarify that merchants will pay 18% GST on Merchant Discount Rate (MDR) for UPI payments exceeding Rs 2,000, effective October 15. However, registered merchants can claim Input Tax Credit (ITC), mitigating the tax burden. This move is expected to generate significant GST revenue for the exchequer while funding payment infrastructure.
If the new MDR regime is rolled out from the middle of this month, as scheduled, it should count as one of the boldest political actions by the Modi government on an economic-policy issue, and a signal that it is less worried about erosion of political capital it draws from one of its key constituencies, notes A K Bhattacharya.
Mahindra & Mahindra is contemplating another price increase across its SUV portfolio in response to recent commodity price surges, with a decision expected within the next two weeks, according to Nalinikanth Gollagunta, CEO Automotive Division, Mahindra Group.
A year after GST rates were rationalised, retail growth in automobiles has sustained beyond the initial festival surge, led by two-wheelers and passenger vehicles (PVs), with the Fada data showing rural markets emerging as a key driver of the post-GST demand recovery.
A FlyDubai flight captain was stabbed by his co-pilot in a suspected terror attack, leading to a desperate fight for survival that was heroically thwarted by an Israeli dentist and other passengers, averting a major mid-air disaster.
Former NITI Aayog vice-chairman Rajiv Kumar has urged the government to maintain zero-fee UPI transactions for several more years, arguing that the benefits of UPI as a public good outweigh the costs. This comes amidst the government's recent decision to introduce a 0.4% fee on person-to-merchant UPI transactions above Rs 2,000 from October 15, a move that has drawn criticism.
Despite her US Open title bid ending in a 3-6, 6-4, 6-4 loss to Elena Rybakina, Coco Gauff believes the changes she has made to her game are starting to yield positive results, expressing excitement for future development.
Citron, a brand under Stellantis, anticipates that three-fourths of its sales in India will originate from Tier-II, Tier-III, and smaller cities within the next five years, a significant increase from its current 55 per cent, as it expands its retail network beyond major urban centres.
India is actively integrating payment system harmonisation into its Free Trade Agreement (FTA) negotiations, especially with countries hosting a large Indian diaspora. This strategy aims to leverage India's growing fintech ecosystem, facilitate cross-border financial services, and position India as a global hub for financial services exports, particularly through platforms like GIFT City.
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.
It's A Medical Miracle has a promising superhero premise and some genuinely inventive moments, but a wildly uneven screenplay ultimately squanders its potential.
'Separate needs from wants and minimise discretionary spending.'
India's exports saw a significant increase of 26.12 per cent to USD 43.81 billion in August, leading to a narrowed trade deficit of USD 26.86 billion, driven by strong demand from key global markets and diverse sectors.
Prime Minister Narendra Modi lauded Captain Smit Machchaar for his exceptional bravery in foiling an alleged attempt by his co-pilot to crash an Israel-bound flydubai flight. Modi spoke to Machchaar and his family, expressing pride in his heroic actions that saved hundreds of lives. The incident involved a sharp descent and diversion of the flight, with Israeli PM Benjamin Netanyahu also acknowledging Machchaar's courage.
Navi Mumbai International Airport (NMIA) has officially commenced its international flight operations with an Air India Express service to Abu Dhabi, marking a significant boost in connectivity for the Mumbai Metropolitan Region and establishing a new global gateway.
RBI Deputy Governor Rohit Jain highlighted that banks are well-positioned to deploy $133 billion mobilised through FCNR(B) deposits, especially with strong credit demand ahead of the festival season, while also stressing the importance of robust technology governance and cyber defences in the financial sector.
A stranded message that failed for three days over telephone lines was delivered in minutes by a MiG-21 pilot flying above the desert.
75% of India's 60 million digital-payment merchants have never recorded a transaction above 2,000.
Listing, according to Noel Tata, will fundamentally change how the company and the group have been working over the past 150 years.
Comparing the two states is comparing an apple to an orange. I ate apples for years. Then I felt I needed some citrus, and I moved to oranges. That doesn't make the apple a lesser fruit, reflects Binu Alex.
Indian badminton stars Satwiksairaj Rankireddy and Chirag Shetty clinched the China Masters Super 750 title, overcoming a strong Chinese pair in a thrilling comeback. This victory, their second of the 2026 season, provides a significant confidence boost ahead of the Asian Games, where they plan to play "all guns blazing." The duo attributed their success to a "mindfully aggressive" strategy and improved service.
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.
The Finance Ministry has refuted allegations that US pressure influenced the decision to levy a 0.4 per cent Merchant Discount Rate (MDR) on select UPI payments. The ministry clarified that the NPCI guidelines prioritise RuPay credit cards on UPI to promote domestic alternatives and ensure a self-sustaining revenue model for smaller domestic companies, countering claims of favouring foreign payment providers.
Prime Minister Narendra Modi's 76th birthday was marked by a flurry of greetings from global leaders, including Italian PM Giorgia Meloni, Israeli PM Benjamin Netanyahu, and Russian President Vladimir Putin, all underscoring strengthening bilateral ties and India's increasing stature on the world stage.
'Your retirement corpus isn't just a big pile of cash for 'one day' -- it is the salary you pay yourself when you no longer want to go to work.'
Satwiksairaj Rankireddy and Chirag Shetty beat He Ji Ting and Ren Xiang Yu to win the China Masters Super 750, gaining a major boost ahead of the Asian Games gold defence.
Nikhil Rasal from Satara and Adarsh Mitra Mandal of Gharat Aali, Alibag, have used their Ganpati decorations to highlight the work and public service associated with Tukaram Mundhe, commissioner of food and drug administration turning the festival into a platform for social awareness.
An Indian pilot and several passengers are being hailed as heroes after thwarting a co-pilot's alleged attempt to crash a flydubai flight en route to Tel Aviv. The incident involved a mid-air struggle, a rapid descent, and an emergency landing in Saudi Arabia, with international leaders praising the bravery that saved 174 lives.
'I don't think the government will sacrifice such a fine institution for monetary gains.'
