88 per cent of individual traders lost money during FY26. Until we recognise gambling dressed up as option buying for what it is, we will keep treating the wrong disease, asserts Harsh Roongta.
A court in Bhadohi has sentenced Rajkamal alias Kariya to 20 years in prison and imposed a fine of Rs 1.10 lakh for the abduction and rape of a nine-year-old Dalit girl. The incident occurred on July 11, 2025, and the fine amount is directed towards the victim's medical treatment.
A Bahraich court has sentenced a young man to 20 years of rigorous imprisonment and a fine of Rs 54,000 in a rape case from four years ago. The convict, a juvenile at the time of the incident, was identified through DNA evidence after the victim became pregnant. He will be held at a 'Government Place of Safety' until he turns 21, then transferred to district jail.
Gujarat CID has arrested Rafiqul Alam, the alleged 'mastermind' behind 1,090 cybercrimes totalling Rs 1,071.5 crore, who was found to have links with China-based criminals and converted illicit funds into cryptocurrencies.
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.
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.
Indian benchmark indices Sensex and Nifty saw a rebound in early trade, driven by a moderation in crude oil prices, despite persistent selling by Foreign Institutional Investors (FIIs) and mixed global market cues.
'The money I owed was all mine. I didn't borrow it from anyone. I didn't owe anyone anything. I just had to sell my own assets and pay back.'
E-Eye, which cost about Rs 3,500 to develop, can test a sample for around Rs 2, making it particularly suitable for field-level water quality monitoring in areas where access to sophisticated laboratories is limited.
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.
Police in Kanpur have arrested Subrat Manocha, son of pharmaceutical dealer Vineet Manocha, in connection with his father's murder. The arrest follows allegations by an alleged contract killer, Vishal Gautam, who claimed Subrat hired him for Rs 6 lakh to commit the crime. Investigators are verifying evidence, including call records, as Subrat denies the charges.
The Enforcement Directorate has arrested Deepesh Bajoria, a principal bookie from Guwahati, in connection with a large-scale money-laundering investigation linked to an illegal T20 cricket-betting syndicate operating during IPL seasons across the Northeast. Bajoria allegedly used online platforms and encrypted channels to facilitate betting, routing over Rs 28 crore through a non-operational firm's bank account.
The National Testing Agency (NTA) has clarified its 'answer key challenge' system, stating it is designed for fairness and that the fee charged is to deter frivolous challenges, with refunds issued for successful objections. This comes amidst recent criticism regarding exam conduct.
A 26-year-old woman accountant in Thane was allegedly cheated of Rs 6.97 lakh in an online "task" fraud involving product purchases and buybacks. Four individuals have been booked under the Bharatiya Nyaya Sanhita and IT Act, with efforts underway to apprehend them.
The BCCI has significantly revised the pay structure for umpires and match referees after a decade, introducing new categories and substantially increasing per-day fees. A merit-based promotion and relegation system has also been implemented to ensure high standards in domestic cricket officiating. Additionally, the board addressed its stance on the National Sports Governance Act, updated age-fraud policies, and called for support for physically challenged cricketers.
Tata Motors Passenger Vehicles Ltd (TMPV) announced a price hike of up to Rs 25,000 across its ICE and electric vehicle models, effective September 1, to mitigate rising input costs and inflationary pressures.
Shares will be allocated across different institutional investors, including domestic mutual funds, other domestic institutions and FPIs.
The central government has introduced a 0.4 per cent fee on UPI transactions exceeding Rs 2,000, prompting traders' associations to advocate for cash payments to avoid additional costs on digital payments. This move ends the zero-Merchant Discount Rate (MDR) regime, with traders expressing concerns about operating on tight margins and the potential for increased charges.
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.
The Brihanmumbai Municipal Corporation's 12-month fellowship offers young graduates an opportunity to gain first-hand experience in civic administration and contribute to initiatives related to Mumbai's development.
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.
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).
The Directorate of Revenue Intelligence (DRI) has dismantled a large-scale network involved in fraudulently importing South-East Asian areca nuts into India. The syndicate falsely declared the nuts as Bangladeshi origin to evade customs duty, leading to a potential revenue loss of over Rs 2,500 crore. Nine individuals have been arrested in connection with the scam.
Spider-Man: Brand New Day has swung into the exclusive Rs 400 crore club at the Indian box office, captivating audiences with its remarkable performance.
Indian benchmark indices, Sensex and Nifty, closed significantly higher, driven by a combination of easing crude oil prices, fresh foreign fund inflows, and a positive trend observed in global equities.
'Treating stock brokers as merchants for MDR is fundamentally misplaced.'
The Finance Ministry has refuted allegations that US pressure influenced the decision to levy a 0.4% Merchant Discount Rate (MDR) on select UPI payments. It clarified that NPCI guidelines prioritise RuPay credit cards on UPI to foster a domestic payment ecosystem and that the MDR introduction aims to create a sustainable revenue model for smaller domestic companies, thereby protecting India's sovereignty in digital payments.
Left parties have strongly condemned the government's decision to impose charges on UPI payments exceeding Rs 2,000, with CPI General Secretary D Raja alleging the move was made under "US pressure" to favour foreign payment companies. Both CPI and All India Forward Bloc demand the withdrawal of this "anti-people decision," arguing it burdens consumers and merchants while undermining UPI's role as a public digital infrastructure. They highlight concerns that the charges weaken India's digital sovereignty and serve commercial interests of foreign corporations like Visa and Mastercard.
Bollywood celebrities showcased an array of stylish festive looks during this year's Ganpati celebrations, ranging from traditional saris to modern ensembles, setting new trends in festive fashion.
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.
The Indian government has introduced a 0.4% transaction fee on UPI payments above Rs 2,000 for merchants, effective October 15, sparking a political row. The Congress party has labelled it a "Modi tax" and accused the government of succumbing to US pressure, while the BJP has defended the move, clarifying that consumers will not be charged and small vendors are protected. The finance ministry reiterated that the charge is on merchants, not customers.
Indian benchmark indices, Sensex and Nifty, saw gains in early trade, driven by a notable drop in crude oil prices and renewed buying interest from Foreign Institutional Investors (FIIs).
The Oppo K14 Lite combines a large display, a capable camera setup and a sizeable 7,000 mAh battery in a sturdy design.
IIT Madras has inaugurated a new state-of-the-art robotics laboratory, established with CSR support from Bechtel India. This collaboration aims to accelerate research, innovation, and industry applications in robotics and automation, specifically for the construction and infrastructure sectors, fostering advanced technological solutions and workforce development.
Former Rajasthan chief minister Ashok Gehlot has criticised the Centre for introducing a 0.4% charge on UPI transactions above Rs 2,000, alleging the decision was influenced by pressure from the United States and its payment companies like Visa and Mastercard. He highlighted a perceived shift in the government's stance on Merchant Discount Rate (MDR) for UPI, claiming it would ultimately burden consumers and small businesses while benefiting American firms.
Customs officials in Palakkad seized over 51 kg of ganja, valued at Rs 25.88 lakh, from unattended backpacks at Palakkad Junction railway station. The seizure, made on September 17, followed intelligence about narcotic movement via trains. An investigation is underway to identify those responsible for abandoning the drugs.
Bengaluru golfer Khalin Joshi secured his third title of the season, winning the inaugural Rs 1 crore Nava Raipur Open 2026 Golf tournament. He finished with a bogey-free three-under 31 in the final nine-hole round, overcoming weather delays and tough competition to claim the victory by one stroke.
Indian benchmark indices Sensex and Nifty opened higher, extending gains from the previous session, driven by a rally in global markets and a slight cooling in crude oil prices. Optimism around a potential meeting between US and Iranian presidents also contributed to positive sentiment.Later both indices pared gains and were trading in red. Track Sensex, Nifty on September 22.
The combined market valuation of five of India's top-10 most valued firms eroded by Rs 1 lakh crore last week, with IT giant Tata Consultancy Services (TCS) experiencing the largest decline amidst a bearish trend in domestic equities.
Vidarsa K Vinod has become the first female sportsperson from Keralam to win a medal in a shooting event, securing a silver in the women's 10 meter air rifle team event at the 20th Asian Games. This achievement marks a significant milestone for the state and for Vinod, who began shooting in 2018.
