The National Stock Exchange (NSE) has set its initial public offering (IPO) price band at Rs 1,700-1,785 per equity share, with the subscription period running from September 17 to September 21, aiming to raise up to Rs 22,569 crore.
The successful hosting of the 18th BRICS summit in New Delhi has provided a significant boost to the BJP, offering a timely opportunity to strengthen its narrative against the opposition ahead of crucial assembly elections next year. BJP sources highlight the BRICS grouping's strong condemnation of the Pahalgam terror attack and the consensus declaration as major diplomatic victories for the Modi government, countering criticisms of its foreign policy. The party plans to leverage these outcomes during its month-long Seva Sankalp campaign to connect with various sections of society.
The Supreme Court has directed the Tamil Nadu government to comply with its previous order to identify land for establishing Navodaya Vidyalayas in each district of the state, emphasising cooperative federalism and urging a change in mindset regarding the central government's education policy.
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.
Eighteen mainboard IPOs raised Rs 28,976 crore and carry Rs 2.48 trillion of market value -- 8.6 times the capital raised.
The Congress party has criticised the government's recent notification regarding UPI transactions, alleging it paves the way for users to be charged fees, particularly for transactions above Rs 2,000. The party claims the government lacks transparency and questions if the move is to benefit American firms. The government, however, states that charges are necessary for the system's sustainability and infrastructure upgrades, with the Finance Minister clarifying that Merchant Discount Rate (MDR) applies to merchants, not customers.
Salesforce CEO Marc Benioff has identified a significant opportunity for India as the company transitions its enterprise systems to an AI-first model. He emphasised India's crucial role, leveraging its extensive pool of technology professionals and partners, in this global technological transformation, which he likened to a "Y2K moment" for engineering.
Brazil has announced a 26-member squad, featuring stars like Vinicius Junior, Raphinha, and Marquinhos, for their historic first-ever football match against India on October 3 in Kolkata. Coach Carlo Ancelotti is overseeing a significant rebuild, integrating young talent with experienced players, with an eye on future tournaments like the 2028 Olympics and 2030 World Cup. The squad includes several debutants and a focus on current form, marking a new strategic direction for the Selecao.
HCL Group, a USD 14.8 billion conglomerate, has announced a new partnership with the DP World Professional Golf Tour of India (PGTI). This collaboration aims to leverage technology and innovation to strengthen India's professional golf ecosystem, broaden the sport's reach, and enhance experiences for players, fans, and partners.
A senior coach from India's shooting contingent for the Aichi-Nagoya Asian Games has voiced disappointment over the logistical arrangements, particularly the long travel times to the training venue.
Political leaders and dignitaries, including Prime Minister Narendra Modi, Home Minister Amit Shah, and US Ambassador to India Sergio Gor, joined devotees across the country in celebrating Ganesh Chaturthi with traditional fervour, offering prayers and seeking blessings.
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.
The Indian senior women's rugby sevens team is undergoing a national camp in Kolkata to prepare for the upcoming Asian Games in Nagoya. Coach Terence Joseph and Captain Shikha Yadav emphasise execution, consistency, and building on recent form against strong Pool B opponents like China and Hong Kong China.
The UN General Assembly has adopted a resolution, co-sponsored by India, to designate November 27 as the International Day for the Elimination of Child, Early and Forced Marriage. This global initiative aims to raise awareness and accelerate efforts to combat this harmful practice, which disproportionately affects women and girls, hindering their education, health, and overall human rights.
Mention Anant Nag to almost anyone in Karnataka and the reaction is immediate: 'Anant? Oh my God! What a fascinating man!' 'Such an intellectual. Such a great speaker. Brilliant actor.'
India's exports saw a significant increase of 26.12 per cent to USD 43.81 billion in August, leading to a narrowed trade deficit of USD 26.86 billion, driven by strong demand from key global markets and diverse sectors.
Prime Minister Narendra Modi's 76th birthday was celebrated with extensive programmes in Varanasi, his Lok Sabha constituency. Events included special prayers by 76 young priests, a milk 'abhishek' of the Ganga, and a significant 'Seva Sankalp' motorcycle journey from Varanasi to Vadnagar, Modi's birthplace, involving 500 participants. Several prominent political figures, including Defence Minister Rajnath Singh and Uttar Pradesh Chief Minister Yogi Adityanath, participated in the celebrations, offering prayers for Modi's health and India's progress.
Prime Minister Narendra Modi's 76th birthday was marked by a flurry of greetings from global leaders, including Italian PM Giorgia Meloni, Israeli PM Benjamin Netanyahu, and Russian President Vladimir Putin, all underscoring strengthening bilateral ties and India's increasing stature on the world stage.
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.
The Indian coal ministry announced that 147 commercial coal blocks auctioned since 2020 are expected to attract approximately 55,000 crore in capital investment, generate 490,000 jobs, and contribute significantly to state revenues.
Wushu player Divyanshi Choudhary has alleged physical and mental harassment by the national federation after being dropped from the Asian Games squad on medical grounds. Choudhary claims she was replaced despite doctor's clearance, while the Wushu Association of India maintains she had an ACL tear. The athlete, who defeated her replacement in trials, expressed distress and even threatened self-harm in a video.
Danish FA President Jesper Moller has renewed calls for FIFA President Gianni Infantino to step down, citing FIFA's refusal to answer 'critical questions' regarding its abandoned proposal to sell commercial stakes in tournaments.
The Finance Ministry has clarified that the decision to impose a 0.4% Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000 was made independently, refuting claims of foreign influence. The ministry stated the policy aims to build a self-sustaining digital payments ecosystem, with MDR funding infrastructure and supporting small merchants.
Meghna Gulzar's Daayra delves into the uncomfortable territory between public anger, police power, and the rule of law, drawing inspiration from the 2019 Hyderabad rape-murder case and the subsequent police encounter.
India's Consumer Affairs Secretary Nidhi Khare announced that cab aggregators have been ordered to cease advance tipping options, deeming the practice misleading and unfair. This follows the Central Consumer Protection Authority (CCPA) imposing a Rs 10 lakh penalty on Rapido for unfair business practices, including advance tipping and "dark patterns" that pressure users to pay more. Investigations into Uber and Ola are ongoing, with the government emphasizing that tipping should be voluntary and post-ride.
Congress leader Rahul Gandhi has accused the Modi government of quietly paving the way for imposing fees on UPI transactions, alleging it's a surrender to American pressure. The government's recent notification exempts charges only up to Rs 2,000, sparking concerns that higher value transactions and eventually all UPI payments could incur fees. Finance Minister Nirmala Sitharaman, however, clarified that Merchant Discount Rate (MDR) applies to merchants, not customers, and supports digital infrastructure.
India is hosting the BRICS summit, leveraging the platform to address global trade tensions and champion the developmental priorities of the Global South, including food, energy, and supply chain security. The summit, attended by leaders like President Xi Jinping and Vladimir Putin, will focus on resilience, innovation, cooperation, and sustainability, with India aiming to strengthen intra-BRICS collaboration and discuss global matters. The expanded BRICS grouping represents a significant portion of the world's population and GDP, making its discussions crucial for global economic stability.
The International Kabaddi Federation is expanding its global reach by nearly doubling its membership to approximately 80 nations. A two-day conclave in Hyderabad will see 35-40 new national bodies from Africa and Europe formally affiliated, aiming to foster the sport's global growth through structured programmes and technical assistance.
The National Payments Corporation of India (NPCI) stated that the Merchant Discount Rate (MDR) "is distributed only amongst the UPI ecosystem, to further invest into infrastructure resilience, innovation, cybersecurity (protecting the UPI infrastructure with banks and non-banks) and customer service."
Police are investigating a revenge angle in the recent murder of a gym trainer in South Delhi's Aya Nagar. The killing is suspected to be part of an ongoing feud between two families, with alleged gang involvement and a social media claim of responsibility by a foreign-based gangster.
A 17-year-old Indian swimmer, who had qualified for two events at the Asian Games, has been suspended for 18 months after testing positive for terbutaline, a banned substance. The suspension means he will miss the upcoming continental event in Aichi-Nagoya, Japan, starting September 19.
Former Indian fast bowler Zaheer Khan has joined the ownership group of Vancouver Anchors, a franchise in the Canada Super 60 league, reuniting with his former teammate Yuvraj Singh. Khan brings his extensive international cricket experience to the league, which features men's and women's competitions and aims to promote global cricket growth.
Indian steeplechase champion Avinash Sable faced a career-threatening knee injury and subsequent psychological struggles, leading to 14 months on the sidelines. Despite a tough upbringing, the physical and mental toll of inactivity and a second injury pushed him to the brink of retirement. With renewed determination and support, Sable has overcome his fears and is now back in competitive shape, aiming to defend his Asian Games title.
The RSS-affiliated Swadeshi Jagran Manch (SJM) has urged the government to reconsider imposing a merchant discount rate (MDR) on UPI transactions above Rs 2,000, arguing that the costs do not warrant such a move. This comes after the government announced a 0.4 per cent fee on merchant transfers over Rs 2,000 from October 15, while assuring that person-to-person and small payments remain free. SJM co-convener Ashwani Mahajan highlighted that banks have not demanded MDR and that UPI has reduced their transaction costs.
The Mumbai-Delhi air route, the country's largest and most lucrative, is witnessing an intense battle for supremacy between IndiGo and the Air India group, with Akasa Air emerging as a significant third player, according to recent data.
The government is introducing a 0.4% Merchant Discount Rate (MDR) on UPI person-to-merchant payments above Rs 2,000, effective October 15. This move ends the zero-MDR regime, aiming to fund UPI infrastructure and sustainability, as the previous government subsidy was insufficient to cover operational costs. Payments between individuals and most everyday merchant transactions will remain free.
Legendary Indian hockey player Harbinder Singh reminisces about India's historic first Asian Games gold medal in 1966, defeating arch-rivals Pakistan. He shares insights into the team's motivation, the challenging final match played with 10 men, and the evolution of hockey over the decades, including concerns about declining domestic spectator interest and India's prospects for future Asian Games.
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.
Shares will be allocated across different institutional investors, including domestic mutual funds, other domestic institutions and FPIs.
Trinity Rodman raced 200 miles from Washington to New York after her match to support boyfriend Ben Shelton, arriving just in time to witness his US Open final defeat.
