A government school teacher in Jammu and Kashmir's Kishtwar district has been dismissed from service following his alleged involvement in the rape and subsequent death of a 15-year-old girl. The dismissal was enacted under Article 311(2)(b) of the Constitution, with authorities citing the case as "rarest of the rare."
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.
Heavy rainfall of 600 mm in 24 hours triggered multiple landslides in the Karjat-Lonavala Ghat section on the Mumbai-Pune line, severely disrupting rail traffic and leading to cancellations, diversions, and short-terminations of numerous trains.
At a valuation of around Rs 10 trillion, Tata Sons would rank among India's 10 largest listed companies and could qualify for inclusion in key indices such as the Nifty 50, Sensex and the Nifty 100.
Large office leases in Mumbai and Delhi-NCR are commanding premium rentals in key micro-locations, driven by a scarcity of quality Grade-A space and sustained occupier demand, according to real estate consultants.
Experts laud the decision to impose a 0.4 per cent Merchant Discount Rate (MDR) on UPI transactions exceeding Rs 2,000, effective October 15. This move, along with a dedicated fund for small merchants, is seen as crucial for creating a sustainable digital payments ecosystem, incentivising expansion in rural areas, and funding innovation while keeping most transactions free for users.
A senior Maharashtra State Electricity Distribution Company (MSEDCL) technician was apprehended by the Anti-Corruption Bureau (ACB) in Beed for allegedly accepting a Rs 13,000 bribe. The technician demanded money to replace a faulty electricity meter and restore power supply to a complainant's residence.
Merchants will be subject to an 18 per cent Goods and Services Tax (GST) on the Merchant Discount Rate (MDR) for UPI payments exceeding Rs 2,000, but can mitigate this burden by claiming input tax credit (ITC), according to tax experts.
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.
Air Chief Marshal AP Singh, Chief of Air Staff, has expressed significant concern over the inordinate delays in inducting new combat jets, including the indigenous Tejas aircraft, stating that these delays are severely impacting the Indian Air Force's depleting fighter squadron strength. He highlighted the need for 36-40 new fighter jets annually to address these gaps and voiced worry over Pakistan's collaboration with China on a fifth-generation fighter jet.
The Lava Bold N4 Pro 5G sports a sleek flat back, with its dual-camera module neatly housed in a raised rounded-rectangle unit at the top-left.
Indian benchmark indices, Sensex and Nifty, closed lower on Tuesday, with the Sensex declining 329.91 points to 74,529.08 and the Nifty dipping 85.30 points to 23,329, primarily dragged by underperformance in IT, financial, and capital goods stocks despite positive global market trends and easing crude oil prices.
Seven of them posted losses, led by Air India, with their combined net loss widening to Rs 31,823 crore in FY26 from Rs 17,553 crore a year earlier and Rs 1,555 crore in FY20.
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.
Holding-company discounts and losses at key unlisted ventures could weigh on Tata Sons' IPO valuation, though its diversified portfolio may still command a premium.
Industry is pushing for GST reforms that would let companies use unused tax credits from one state to pay GST liabilities in another, potentially freeing up working capital trapped across state registrations.
Air India has suspended a pilot after he failed a breath analyser test at Zurich airport, prompting the airline to reinforce stringent regulatory compliance and accountability measures following recent safety incidents.
Government job aspirants in Patna staged a protest march demanding the cancellation of several recruitment exams, including for sub-inspector posts, citing alleged irregularities. The demonstration led to clashes with police, detentions, and disruption of public order and essential services. Protesters also called for an end to the contract system in BPSC exams and the publication of a job calendar.
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.
An Indian captain on a Flydubai flight heroically prevented a co-pilot from crashing the plane en route to Tel Aviv. The co-pilot, allegedly radicalized, attacked Captain Smit Machchhar, who managed to open the cockpit door, allowing passengers and off-duty aviators to subdue the assailant and make an emergency landing in Saudi Arabia. Investigations are ongoing, with Israeli and UAE authorities involved.
Microsoft has officially launched its fourth cloud region in India, located in Hyderabad, as part of its USD 20.5 billion investment in the country's digital and AI infrastructure. This new facility, which became available on August 6, features zero-water cooling technology and aims to enhance capacity and resilience for organisations in India and Asia, supporting the nation's rapid digital growth and projected increase in data centre capacity.
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.
A retired 70-year-old IAS officer, Rakesh Agarwal, was found dead with his throat slit at his Bhopal residence. Police suspect his househelp, Varun, who joined two days prior and is now missing. Chief Minister Mohan Yadav has assured strict action, while the Congress party has criticised the state's law and order situation following the incident.
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.
A retired 70-year-old IAS officer, Rakesh Agarwal, was found dead with his throat slit at his Bhopal residence. Police suspect his househelp, Varun, who joined two days prior and is now missing. Chief Minister Mohan Yadav has assured strict action, while the Congress party has criticised the state's law and order situation following the incident.
US Ambassador to India, Sergio Gor, visited Amritsar's Golden Temple, Jallianwala Bagh, and Partition Museum, calling it a "memorable day." During his visit to the Golden Temple, he was welcomed by SGPC President Harjinder Singh Dhami, who also raised concerns about a controversial "Mr Singh" poster issued by the US Department of Homeland Security, which was later removed. Discussions also covered the Sikh community's contributions and issues in the US.
A retired 70-year-old IAS officer, Rakesh Agarwal, was found dead with his throat slit at his Bhopal residence. Police suspect his househelp, Varun, who joined two days prior and is now missing. Chief Minister Mohan Yadav has assured strict action, while the Congress party has criticised the state's law and order situation following the incident.
Nasscom President Rajesh Nambiar stated that artificial intelligence is not making India's Business Process Management (BPM) industry obsolete but is instead driving its significant reinvention. He highlighted that the sector has an opportunity to become the world's "intelligent operations and transformation hub" by leveraging AI, analytics, and cloud-based operations, moving beyond traditional call centres. Nambiar outlined three key priorities for the industry, including reimagining processes, building hybrid human-AI operating models, and redefining India's global BPM representation.
Aerospace major Embraer and the Mahindra Group have identified Nagpur as a potential manufacturing hub for the C-390 Millennium military transport aircraft, should their bid for India's multi-billion-dollar Medium Transport Aircraft (MTA) deal be successful. This strategic partnership aims to establish a localised production and support ecosystem in India, aligning with the 'Make in India' initiative and strengthening the country's indigenous aerospace capabilities.
The Congress party has launched nationwide protests against Chief Election Commissioner Gyanesh Kumar, demanding his removal. Accusing him of acting in favour of the BJP and citing alleged irregularities in electoral roll revisions (SIR), party workers burned effigies and clashed with police. Opposition parties plan further action, including a meeting of the INDIA bloc to strategize for his ouster.
A 70-year-old retired IAS officer, Rakesh Agarwal, was found dead with his throat slit at his home in Bhopal. Police suspect his househelp, who has been missing since the incident. Chief Minister Mohan Yadav has condemned the killing and assured swift action, while the opposition has criticised the state's law and order situation.
The Sports Authority of India (SAI) has increased its on-ground support for Indian athletes at the Asian Games in Japan, providing transport for shooters and accommodation for staff, following reports of logistical issues and international criticism against the Organising Committee.
China Southern Airlines is set to resume its Guangzhou-New Delhi passenger service from September 21, ending a six-year suspension. This move is part of a broader normalisation of India-China relations, following recent high-level diplomatic meetings and previous flight resumptions by other carriers.
Economy passengers are paying more year-on-year while business travellers are paying less.
A new EY India report highlights how young professionals, women wealth creators, entrepreneurs, ESOP beneficiaries, and digitally active consumers from Tier-2 and Tier-3 cities are fundamentally changing India's wealth ecosystem. This shift is evidenced by increased participation of young and women investors, a rise in disciplined investing via SIPs, and the crucial role of Digital Public Infrastructure in democratizing access to long-term wealth creation. The report predicts over 100 million new investors by 2035.
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.
EPF wage ceiling rising to Rs 25,000 could increase employer statutory contributions by Rs 1,200 monthly per employee.
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.
'An instruction came from somebody in Delhi saying, "don't go with the launch".'
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.
