'The drought situation of Maharashtra is more severe than in 1972.'
Indian benchmark indices Sensex and Nifty rebounded on Wednesday, driven by a decline in crude oil prices below USD 100 per barrel and optimism surrounding a potential de-escalation of the conflict in West Asia.
Indian benchmark indices, Sensex and Nifty, traded flat in early deals due to elevated crude oil prices exceeding USD 100 per barrel and persistent geopolitical tensions, which subdued investor risk appetite.
The Central Board of Indirect Taxes and Customs (CBIC) is set to significantly increase its use of artificial intelligence (AI), machine learning (ML), and real-time analytics in Customs processes, aiming for a near-touchless, near-digital clearance experience, according to Chairman Vivek Chaturvedi.
The Indian government has introduced a 0.4% fee on UPI transfers above Rs 2,000 made to merchants, effective October 15, ending nearly six years of free merchant payments. This move led to initial rallies in fintech stocks like Paytm and Mobikwik, though some later pared gains. Person-to-person transactions and small payments remain free for customers, with the fee being a Merchant Discount Rate (MDR).
Finance Minister Nirmala Sitharaman has strongly refuted Opposition allegations that the decision to levy a 0.4 per cent Merchant Discount Rate (MDR) on specific UPI transactions above Rs 2,000 was influenced by external pressure. She clarified that the decision was a professional one made by the payment ecosystem, not a government imposition or a tax on consumers, with collected funds distributed among banks and UPI entities to ensure a sustainable digital payments framework.
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.
Finance Minister Nirmala Sitharaman clarified that the proposed Merchant Discount Rate (MDR) on select high-value UPI transactions is not a tax or cess, and its collections will not go to the government. She explained that MDR is a charge within the digital payments ecosystem, shared among participants to maintain infrastructure, and will not be passed on to consumers. The NPCI's new framework, effective October 15, applies a 0.4% MDR on person-to-merchant UPI transactions above Rs 2,000, with most transactions remaining free and small merchants exempt.
Top-ranked 25m pistol shooter Esha Singh discusses her preparation for the upcoming Asian Games, highlighting her unique approach of competing against herself rather than others. She reflects on her recent World Cup gold and world record, emphasizing the importance of mental freshness and focusing on basics.
The benchmark Sensex plummeted 813 points to a three-month low, with the Nifty settling below 23,450, as escalating tensions in West Asia drove crude oil prices above USD 100 per barrel, leading to widespread selling in IT, FMCG, financial services, and oil & gas shares.
Indian benchmark indices, Sensex and Nifty, closed lower on Monday due to elevated crude oil prices, escalating US-Iran hostilities, and concerns over a potential US interest rate hike, impacting investor sentiment.
Defending champions India, after two dominant wins, are set to face a significant challenge against South Korea in their third Pool A match at the Asian Games. The team aims to secure a gold medal to qualify for the 2028 Los Angeles Olympics, overcoming recent World Cup disappointment. Despite strong offensive performances, concerns remain regarding penalty corner conversions and defensive solidity as they prepare for tougher opponents.
Air India is developing a new in-house 'Vista Digital Platform' for its in-flight entertainment system, set to launch progressively from late 2027. This platform aims to integrate entertainment, loyalty, commerce, and travel services, enhancing passenger experience and boosting ancillary revenues through features like 'commerce-on-map' and personalisation.
Government sources clarify that the 0.4% merchant discount rate (MDR) on UPI transactions above Rs 2,000, effective October 15, will not be passed on to consumers. The charge, paid by merchants, aims to create a sustainable revenue framework for the digital payments ecosystem, with funds shared among banks and UPI entities. Small merchants using QR codes for up to Rs 1 lakh monthly are exempt.
Indian women's hockey coach Sjoerd Marijne discusses the team's preparations and strategy for the upcoming Asian Games. He highlights the different challenge posed by lower-ranked opponents compared to the World Cup, emphasising the need for effective scoring and maintaining focus. Marijne also stresses using the World Cup disappointment as motivation for gold and the importance of humility and unity within the team.
The father of an IIT Bombay student who died by suicide has alleged that his son faced relentless caste-based mocking and torture from a professor and the administration. A police complaint has been filed, and an FIR registered against a professor for abetment of suicide and under the SC/ST Act. IIT Bombay has removed a Dean from his post following the allegations.
A University of Delhi study has found significant heavy metal contamination in agricultural soil and vegetables grown along the Yamuna river in the capital. The research highlights potential non-carcinogenic and carcinogenic health risks to consumers due to crops irrigated with polluted wastewater, with specific vegetables showing dangerously high levels of metals like nickel, chromium, and molybdenum.
Indian stock markets closed lower due to selling in IT and FMCG shares, triggered by renewed tensions in West Asia which led to a rally in crude oil prices and concerns over inflation and interest rates.
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.
'Therefore, Beijing comes to wrong conclusions.'
If a bank sold the policy, complain to its grievance cell and, if necessary, escalate the complaint to the Reserve Bank of India Ombudsman.
Defending champions India are set to face lower-ranked Sri Lanka in their second Pool A match of the Asian Games men's hockey competition.
75% of India's 60 million digital-payment merchants have never recorded a transaction above 2,000.
Indian benchmark indices, Sensex and Nifty, experienced declines in early trade due to elevated crude oil prices, escalating US-Iran hostilities, and renewed concerns over a potential US interest rate hike.
Researchers from IIIT-Delhi and MS Swaminathan Research Foundation have developed SICKLE, a multi-satellite dataset designed to enhance AI systems' ability to monitor crops, identify growth, and estimate yields across vast agricultural areas. This dataset combines satellite imagery with field-level information, enabling machine learning models to understand various aspects of crop cultivation and predict key parameters like phenology and productivity.
The Telecom Regulatory Authority of India (Trai) has mandated that service providers offer voice-and-SMS-only tariff plans, without bundled data, with a minimum validity of 30 days or less, aiming to provide more affordable and shorter-duration options for consumers who do not require data.
Infosys reported a 12.2 per cent year-on-year increase in consolidated net profit for the June quarter, reaching Rs 7,769 crore, but simultaneously lowered its full-year FY27 revenue growth outlook to 1.5-3 per cent, citing an uncertain macro-environment.
India-EU FTA opens a bigger European market for Indian carmakers while giving European brands greater access to India.
Shailesh Chandra, MD and CEO of Tata Motors Passenger Vehicles (TMPV), stated that the uncertainty surrounding how long commodity costs will remain elevated is a greater concern for the company than the actual price increases. He noted that commodity prices have risen significantly over the past five to six months, impacting margins and necessitating faster cost-reduction efforts, though no major production or supply-side issues are currently foreseen.
Indian benchmark indices Sensex and Nifty experienced significant declines in early trade, driven by soaring crude oil prices amidst escalating tensions in West Asia, coupled with weak global market trends and foreign fund outflows.
Led by R Praggnanandhaa on the top board and World champion D Gukesh on the fourth, the Indian men scored an emphatic 3-1 victory over Holland but the Indian eves were shocked by Poland in the fifth round of the 46th chess Olympiad in Samarkand.
Former India all-rounder Irfan Pathan has advocated for Yashasvi Jaiswal to receive ample opportunities in the upcoming ODI series against the West Indies. Pathan believes this exposure is crucial for Jaiswal to establish himself as a backup opener for the next year's ODI World Cup. He also highlighted the importance of testing India's bench strength, especially with several key players participating in the Asian Games, and backed Naman Dhir's inclusion for his all-round capabilities.
Bakaiti Season 2 has the warmth and terrific performances to make the Katarias feel like family, but its repetitive conflicts and easy resolutions leave their struggles feeling oddly inconsequential, argues Sreeju Sudhakaran.
The Supreme Court has stayed the execution of a man sentenced to death for the repeated sexual assault of three minor girls. The apex court's decision comes after the Madras High Court confirmed his conviction and death penalty. The Supreme Court has sought reports from probation officers, jail authorities, and a psychological evaluation of the appellant, posting the matter for hearing after 20 weeks.
Indian teqball player Quimcy Dsouza lost a hard-fought bronze medal match to Japan's Yuina Sakamoto at the Asian Games in Nagoya. Dsouza showed a strong comeback, taking both sets to a narrow 11-12 finish, but ultimately fell short.
India's Quimcy Dsouza experienced a double setback at the Asian Games in Nagoya, narrowly missing out on bronze medals in both women's singles and mixed doubles Teqball. Despite a valiant effort against Japan's Yuina Sakamoto in singles, losing 0-2, and a subsequent loss in mixed doubles with Mohamed Anas Beg, her performance highlighted India's growing presence in the sport.
Rishabh Pant, recently excluded from India's white-ball squad, has been appointed captain of the Rest of India team for the upcoming Irani Cup match against Ranji Trophy champions Jammu and Kashmir.
Indian benchmark indices, Sensex and Nifty, experienced declines in early trading, primarily due to selling pressure on blue-chip HDFC Bank and ongoing geopolitical uncertainties.
Zoho cofounder Sridhar Vembu dismisses exaggerated fears about AI's catastrophic potential and global development pauses. He advocates for India to adopt an independent AI strategy, fostering partnerships while avoiding entanglement in US-China tech rivalry. Vembu stresses extensive investment in foundational R&D across sectors, distinguishing it from costly frontier AI model development. He also highlights concerns about AI's impact on human judgment, skill erosion, and job disruption, particularly in software engineering, while remaining optimistic about new economic opportunities.
Most Indian investors start their investment journey with the wrong question. They ask, "Which fund will give the highest return?" instead of "How do I structure my investments so that I pay less tax, manage risk effectively, and still compound wealth over time?"
