China has strongly rejected a US bill that would impose tariffs on countries, including India, for purchasing Russian oil and gas. Beijing views the "Lindsey O Graham Sanctioning Russia and Iran Act 2026" as an act of "long-arm jurisdiction" and interference in its sovereign trade relations, asserting that its economic cooperation with other nations is based on equality and mutual benefit.
India's Quimcy Joaquim Dsouza has made a strong start at the 2026 Asian Games, securing two victories in the Teqball women's singles event to reach the semi-finals.
India's Yuki Bhambri and Anirudh Chandrasekar were eliminated from the US Open men's doubles after both suffered first-round defeats in New York. Bhambri, partnered with Michael Venus, lost in a close contest, while Chandrasekar and Ivan Liutarevich also went down fighting.
Pharma major Lupin is significantly increasing its focus on biosimilars, aiming for a turnover of nearly $500 million from this segment over the next five years, driven by new product launches and expanded presence in key global markets like the US, Europe, and Japan.
A Delhi court has remanded the building owner's son, a PG operator, and a contractor in police custody following the collapse of a five-storey structure in Satya Niketan that resulted in seven deaths. The arrests are part of an ongoing investigation into the Sunday incident, with authorities probing the role of alleged illegal constructions.
India's Maaya Rajeshwaran Revathi and her Ukrainian partner Antonina Sushkova concluded their impressive run at the US Open junior girls' doubles, losing in the semifinals to American twins Annika and Kristina Penickova. Despite the loss, their unseeded journey included significant upsets against seeded pairs.
Teqball has made its Asian Games debut in Nagoya, bringing together football skills, acrobatics and the fast-paced rallies of table tennis.
Professional men's golf league LIV Golf has filed for Chapter 11 bankruptcy in New Jersey, aiming to restructure its business with a $49.6 million loan from Saudi Arabia's Public Investment Fund.
Tejal Hasabnis and Anushka Sharma's aggressive half-centuries, coupled with Nikki Prasad's all-round performance, led India A Women to a four-wicket victory over Australia A in the first women's one-day match in Mullanpur.
Prime Minister Narendra Modi, in bilateral talks with Chinese President Xi Jinping, emphasized that both nations must show sensitivity to each other's core issues and be guided by mutual respect, sensitivity, and interest. Modi highlighted the critical importance of peace and tranquillity along the Line of Actual Control for the development of India-China relations, while also addressing concerns regarding Taiwan and Tibet.
Top seeds Katerina Siniakova and Taylor Townsend defeated American wildcards Ashlyn Krueger and Robin Montgomery to win the U.S. Open women's doubles final, completing their team career Grand Slam. This victory marks Siniakova's 12th Grand Slam doubles title and makes her the first player to achieve a career Grand Slam with two different partners.
BRICS nations have successfully reached a consensus on a joint statement following extensive negotiations, with India playing a crucial role in bridging differences, particularly among West Asian members like Iran, Saudi Arabia, and the UAE, despite regional conflicts and geopolitical tensions.
Union Mines Minister G Kishan Reddy announced that the Indian government is intensifying its support for private mining entrepreneurs seeking critical mineral opportunities abroad, working with the Ministry of External Affairs and appointing mineral officers in embassies to facilitate these efforts.
Sanju Samson has been appointed Brand Ambassador of Jan Kaushal Kendra, Moti Nagar, with Delhi CM Rekha Gupta highlighting his connection with the capital and role inspiring youth.
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.
National Investment and Infrastructure Fund Limited (NIIF) has appointed Gauravjit Singh as managing partner to lead its global capital formation efforts. Simultaneously, PB Fintech's payment aggregator platform, PB Pay, has gone live, offering consolidated payment acceptance for merchants. In a move to enhance trade efficiency, the Directorate General of Foreign Trade (DGFT) has introduced open API integration for Certificate of Origin, allowing exporters to streamline their application processes.
InsuranceDekho and RenewBuy have merged to establish India's largest artificial intelligence (AI)-enabled insurance distribution platform, targeting a significant premium book and extensive reach across the country.
Chinese President Xi Jinping notably skipped a gala dinner hosted by Prime Minister Narendra Modi for BRICS leaders and other dignitaries, with sources suggesting he returned to his hotel to rest. Meanwhile, a grand cultural performance, 'BRICS Symphony - One Rhythm, Many Cultures', featuring artistes from member countries, was a highlight of the evening.
US President Donald Trump is expected to sign the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 later on Friday (local time). A White House official confirmed the development to ANI without revealing further details.
Tokyo Paralympic gold medallist Pramod Bhagat clinched a gold medal in men's singles SL3 and a silver in men's doubles SL3-SU5 at the Japan Para Badminton International. Fellow Indian shuttler Sukant Kadam marked a significant career milestone by securing his 100th medal, alongside a silver in men's singles SL4 and men's doubles.
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.
'Tax recovery will continue through attachment and sale of assets and other recovery mechanisms, but personal arrest will no longer form part of the prescribed recovery process.'
A global research report by HCLTech indicates that integration has surpassed supply chain constraints as the primary challenge for the semiconductor industry. The study, which surveyed 300 senior leaders, highlights increasing dependency on semiconductors across industries, with 98% of enterprises more reliant now than three years ago and 99% expecting further increases. AI is also driving the strategic importance of semiconductor architecture.
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.
'Xi is conveying that China is a pre-eminent power, and India should modulate its actions or approaches accordingly.'
The BCCI has announced new associate partnerships with Campa, SBI Life, and ChatGPT for India's home cricket matches. These deals are valued at over Rs 130 crore for two seasons, marking a 44% increase over the previous cycle and extending until March 2028. The partnerships highlight the growing commercial appeal and versatility of Indian cricket.
A PG operator has been arrested following the collapse of a five-storey building in Delhi's Satya Niketan, which resulted in seven deaths. Police are investigating the role of the building's leaseholders, the 'Hostel Daze' PG operators, and the construction work carried out. Another partner is absconding, and a labour contractor has also been apprehended as authorities scrutinise the controversial rent agreement and alleged unauthorised construction.
The Indian government has expanded its Nasha Mukt Bharat Abhiyaan by signing agreements with four spiritual organisations. These partnerships aim to enhance grassroots awareness, prevention, recovery, and social mobilisation efforts against substance abuse, leveraging the extensive reach of these groups.
UIDAI Chairman Neelkanth Mishra announced the extensive deployment of Artificial Intelligence to detect and counter fraud in Aadhaar, describing it as a "cat-and-mouse game." He highlighted the dramatic increase in daily Aadhaar authentications and the launch of the Aadhaar Face Authentication SDK and Sandbox to enhance security and ease of integration for ecosystem partners.
Mastectomy brings a visible change to a woman's body. Scars, changes in breast shape and concerns about how their partner may react can make intimacy difficult, says Dr Vani Parmar, head of department -- breast oncosurgery, KIMS Hospitals, Thane.
IIT Bhubaneswar and IIT (Indian School of Mines) Dhanbad have signed a Memorandum of Understanding to enhance research collaboration and academic interactions, particularly in semiconductor and basic sciences. The agreement facilitates joint research projects, doctoral student supervision, faculty and student exchanges, and shared experimental resources, aiming to advance knowledge and create lasting impact.
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.
Prime Minister Narendra Modi conveyed to Chinese President Xi Jinping that peace and tranquillity along the frontier remains an "essential" basis for the development of India-China relations, even as the two leaders welcomed "steady progress" in bilateral ties during their talks on the sidelines of the BRICS summit.
India has stated its commitment to protecting its economic interests and ensuring energy security after the US House of Representatives passed a bill allowing the US President to impose tariffs of up to 100 per cent on countries, including India and China, for purchasing Russian crude oil. The Ministry of External Affairs affirmed India's resolve to maintain diversified energy sourcing and has articulated its concerns to US interlocutors regarding the bill's potential implications.
Ahead of Xi Jinping's visit, National Security Advisor Ajit Doval and Chinese Foreign Minister Wang Yi held extensive talks in Beijing on August 25 on the boundary issue and reached an eight-point consensus.
Bangladesh has confirmed that Prime Minister Tarique Rahman will not attend the upcoming BRICS Summit in India, clarifying that the invitation was extended to him as the BIMSTEC Chair, not as Bangladesh's Prime Minister. The nation is prioritising bilateral visits and discussions, while also addressing national interests like the expiring Ganges Water Sharing Treaty.
Hindustan Aeronautics Limited (HAL) has delivered LCA Tejas FOC twin-seater trainers and HTT-40 basic trainer aircraft to the Indian Air Force, and Dhruv next-generation helicopters to Pawan Hans. This significant handover, witnessed by Defence Minister Rajnath Singh, marks a crucial step in India's journey towards self-reliance in the aerospace sector, showcasing HAL's capabilities across military, civil rotary-wing, and pilot training aviation.
State-run defence major Hindustan Aeronautics Limited (HAL) has delivered LCA Tejas Final Operational Clearance twin-seater trainers and HTT-40 basic trainer aircraft to the Indian Air Force, along with Dhruv next-generation helicopters to Pawan Hans. This significant handover, witnessed by Defence Minister Rajnath Singh, marks a crucial step in India's journey towards self-reliance in the aerospace sector, showcasing HAL's diverse capabilities in military, civil, and training aviation.
India concluded its campaign at the World Archery Para Series Stage III with an impressive tally of 15 medals, including four gold, three silver, and eight bronze, finishing second in the overall medal standings. The event served as a crucial preparatory test for the upcoming Aichi-Nagoya 2026 Asian Para Games.
'Treating stock brokers as merchants for MDR is fundamentally misplaced.'
