Industry body Assocham has welcomed the new UPI framework for large-value merchant transactions, effective October 15. This framework introduces a 0.4 per cent Merchant Discount Rate (MDR) on person-to-merchant UPI payments exceeding Rs 2,000, with a cap of Rs 300 for transactions over Rs 75,000. The move aims to enhance UPI sustainability, support innovation, and mitigate fraud, while protecting small merchants and ensuring most everyday transactions remain free.
Fintech company BharatPe has expressed strong support for the government's new Merchant Discount Rate (MDR) framework for UPI merchant transactions, which introduces a 0.4% fee on transfers exceeding Rs 2,000. The company explicitly distanced itself from critical remarks made by its former co-founder Ashneer Grover, clarifying that his views do not represent BharatPe's stance. BharatPe CEO Nalin Negi highlighted that the framework aims to strengthen digital payment economics, protect consumers and small merchants, and expand adoption in underserved markets, with most transactions remaining unaffected.
Loans to micro, small and medium enterprises (MSMEs) in India saw moderated growth in April 2026, with early signs of stress emerging among micro borrowers and manufacturers, according to a report by credit bureau CRIF High Mark. The slowdown is attributed to potential impacts of global uncertainty.
Haier has expanded its television portfolio in India with the Mini LED M70 series, bringing premium display technology, gaming-focused features and smart connectivity to a range of screen sizes.
Tiffany Trump, Donald Trump's younger daughter, attended the Ambani family's festive celebrations with her husband Michael Boulos.
Fintech firm BharatPe has publicly supported the government's new Merchant Discount Rate (MDR) framework for UPI merchant transactions, which introduces a 0.4% fee on transfers over Rs 2,000. The company has also distanced itself from its former co-founder Ashneer Grover's strong criticism of these changes, stating his remarks are personal and do not reflect BharatPe's official position. BharatPe believes the new framework will strengthen digital payment economics while protecting consumers and small merchants.
Researchers have identified two new species of microscopic snails, Georissa meghalayaensis and Acmella bensoni, in the limestone caves of Meghalaya, India. This discovery highlights the rich, yet underexplored, biodiversity of the region's subterranean ecosystems, while also raising concerns about threats from increasing tourism and mining activities.
Amazon's ultra-fast delivery service, Amazon Now, has achieved $1 billion in annualised gross sales in India over the last three months, marking it as the fastest-growing e-commerce business in Amazon India's history, with orders doubling every quarter.
A trade body in Jharkhand, FJCCI, has urged the Union Finance Minister to withdraw the proposed 0.4% Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000 for merchants. The body argues that this charge will significantly increase operating costs for businesses, especially MSMEs and retailers, who rely on the current zero-MDR regime for digital payments.
India's deposit growth has reached a 15-year high of 17.8 per cent, primarily driven by a surge in foreign currency non-resident (bank), or FCNR(B), deposits. This influx of funds is expected to lead to a softening of corporate loan rates as banks seek to deploy their excess liquidity.
Prime Minister Narendra Modi hosted a gala dinner for BRICS Summit leaders and delegates at Bharat Mandapam. The menu featured a range of Indian delicacies, including starters like 'khandvi mille' and 'khumb galouti', main courses such as 'paneer lababdar' and 'gucchi marmik', and desserts like 'shahtoot phirni'. The dinner was accompanied by a cultural performance.
A Public Interest Litigation has been filed in the Supreme Court challenging the Centre's decision to impose a 0.4 per cent Merchant Discount Rate (MDR) on UPI person-to-merchant transactions exceeding Rs 2,000. The plea argues that the levy was introduced without adequate statutory safeguards, transparency, or public consultation, and questions its constitutional validity and potential adverse effects on merchants and consumers.
Private corporations in India invested approximately 30.3 trillion in fixed assets during FY25, marking a 7 per cent increase from the previous year, according to the statistics ministry. This growth in private capital expenditure contrasts with a slowdown in government capital spending.
India's MSME sector faces a significant formal credit gap of approximately Rs 60 lakh crore, with traditional channels meeting only a fraction of the demand. A new report suggests that a centralised, interoperable digital layer could effectively bridge this gap and enhance productivity across the formal business sector by digitising workflows and enabling cash-flow-based underwriting.
Civil Aviation Minister K Rammohan Naidu announced significant opportunities for Micro, Small, and Medium Enterprises (MSMEs) within India's rapidly expanding aviation sector. With Indian airlines ordering over 1,600 aircraft and the aerospace market projected to double by 2035, there's a massive scope for Indian suppliers to integrate into global aerospace supply chains, moving beyond assembly to design and manufacturing.
Digital money is gradually starting to behave like software. It's no longer inert -- sitting passively in accounts. In the not-so-distant future, your money could become 'smart' and 'active,' understanding your preferences, paying your bills automatically, optimising your returns, and managing your risks -- all without you having to manage the details.
Bank credit to industry in India surged by 20 per cent year-on-year in July, significantly accelerating from the previous year, driven by strong expansion in sectors like engineering, gems and jewellery, and petroleum-related industries, according to the Reserve Bank of India (RBI). However, growth in gold loans, while still expanding, saw a sharp moderation.
RBI Governor Sanjay Malhotra stated that the central bank consistently views fintechs as 'valuable partners' in shaping India's future financial system, crediting the sector with expanding financial inclusion, enhancing customer experience, and streamlining credit delivery, particularly for MSMEs.
Direct-to-consumer meat and seafood platform Licious is betting big on "micro markets" within cities as the next lever of growth.
PhonePe, at the Global Fintech Fest 2026, unveiled its strategic vision for the next decade, focusing on inclusive digital progress for individuals, households, and businesses across India. The roadmap details innovations in financial inclusion, wealth creation, credit access, and merchant solutions.
E-commerce enablement platform Shiprocket Ltd saw its shares list with a 35 per cent premium on its market debut, trading at Rs 129.50 on the BSE and Rs 131 on the NSE against an issue price of Rs 97, achieving a market valuation of Rs 9,901.60 crore.
Disha Patani has never been one to shy away from a plunging neckline. In fact, deep necks seem to be one of the Awarapan 2 actress' favourite ways to make a fashion statement, and she wears them with the kind of confidence that makes the look feel effortlessly glamorous.
Despite near gender parity in basic bank account ownership, women in India remain significantly underrepresented in the growing platform economy due to gaps in digital financial capability and access to credit, according to a joint report by the International Labour Organization and National Council of Applied Economic Research.
The initial public offering (IPO) of e-commerce enablement platform Shiprocket Ltd was subscribed an impressive 99.38 times on its final day of bidding, attracting bids for over 9.38 billion shares against 94.43 million on offer.
Mumbai-based TCR Engineering Services has become the first independent company in India to receive Nadcap accreditation for materials testing at its Navi Mumbai and Vadodara laboratories, a crucial step for Indian suppliers to enter the global aerospace supply chain.
An international research team has discovered a new species of subterranean earthworm eel, named Gangaichthys indonepalicus, in the Indo-Gangetic Plain of Bihar. This small, colourless fish, adapted to life in dark underground aquifers, is the first stygobitic fish recorded from the Gangetic Basin. The discovery followed a TikTok video and involved challenging manual pumping of borewell water to secure samples for scientific analysis.
The Indian Parliament is scheduled for a significant legislative day, with the Lok Sabha set to consider and pass the Public Examinations (Prevention of Unfair Means) Amendment Bill, 2026. Concurrently, the Rajya Sabha will introduce the Micro, Small and Medium Enterprises Development (Amendment) Bill, 2026, and pass the Prevention of Insults to National Honour (Amendment) Bill, 2026, highlighting a busy agenda for both houses.
'Improved law and order and transparent governance have helped change UP's investment image.'
Economists highlight that resolving domestic policy bottlenecks, particularly through land reforms and improving the ease of doing business, will be critical for Prime Minister Narendra Modi's 'next-generation reforms' and India's economic transformation towards its 'Viksit Bharat' vision for 2047.
Skyroot Aerospace successfully launched India's first privately developed orbital rocket, Vikram-1, placing multiple technology demonstration payloads and commemorative items, including a postcard from Prime Minister Narendra Modi, into low Earth orbit, marking a significant entry into the global orbital launch market.
Parliamentary Affairs Minister Kiren Rijiju asserted in Lok Sabha that the Opposition cannot dictate which minister responds to questions, amidst demands for Home Minister Amit Shah to address police action on protesting students. The House faced continuous disruptions, leading to adjournment.
India's top 11 listed real estate developers are projected to achieve combined presales of 1.82 trillion by FY27, a significant increase from 1.49 trillion in FY26, demonstrating sustained sales momentum despite market challenges.
Many of us consume genetically modified (GMO) foods without even realising it. Which leads to an important question -- how can we protect ourselves from food adulteration and misleading claims? asks Nikita Garg, nutritionist and founder of Entech Wellness.
As India's decline continued on global indices, the government first blamed methodology and then motives. This is where we remain today as we wish each other and ourselves a happy Independence Day, points out Aakar Patel.
Researching Japan was like going down a rabbit hole. There is just so much to see and do, but I finally decided we would stick to the 'Golden Route' of Tokyo, Osaka and Kyoto, notes Radhika Mittal.
Mumbai's coastal luxury residential redevelopment pipeline is valued at approximately 6,000 crore, with 75-80 projects expected to launch over the next eight to nine quarters, driven by improved infrastructure and demand for waterfront living.
"Indian Railways is now the world's second-largest cargo carrier by volume, up from fourth, even as its share of the country's total freight movement remains well below potential.'
Bajaj Finance reported a strong Q1 FY27 performance with 24 per cent year-on-year AUM growth and a 28 per cent rise in consolidated profit after tax, driven by significant increases in consumer financing, gold loans, and commercial vehicle loans, alongside a strategic focus on digital transformation and AI.
Vijay's Jana Nayagan releases in theatres, and fans just can't keep calm!
India's public sector banks (PSBs) have seen their net profit nearly treble over the past five years, reaching a record Rs 1.98 trillion in FY26, driven by significant improvements in asset quality and sustained lending growth across key economic sectors.
