'Uttam Kumar is someone who, even after 100 years, is so relevant. He's one of the biggest icons, the biggest superstar, the Mahanayak.'
The Indian Air Force (IAF) demonstrated 'Vayu UTtaM', an indigenously developed multi-mode Unmanned Traffic Management (UTM) system, at 'Dronathon 2026' in Pokhran. This ground-based system is designed to manage drone operations in congested airspace and identify rogue drones, with applications extending to critical infrastructure, civil aviation, and public safety. The event also saw the release of the 'IAF UAS Roadmap' to guide indigenous innovation in unmanned systems.
'It's a matter of pride for us that a man from Bengal is ruling hearts all over the world.'
On Uttam Kumar's birth centenary, actor Prosenjit Chatterjee shares intimate memories of the Bengali matinee idol, recounting how 'Uttam-jethu' not only launched his career but also profoundly influenced his father, Biswajit Chatterjee, and remained a guiding force for their family.
A 32-year-old man died after allegedly falling unconscious at a police post in Jammu, leading to protests by his family and locals who claim custodial torture. Police have ordered both departmental and magisterial inquiries into the incident, assuring action against any wrongdoing. Four police personnel have been attached to headquarters.
'Treating stock brokers as merchants for MDR is fundamentally misplaced.'
Foreign portfolio investors (FPIs) have withdrawn nearly Rs 5,109.21 crore from Indian government securities under the fully accessible route (FAR) in just three days, driven by global uncertainty, elevated crude prices, rising US Treasury yields, and a depreciating rupee.
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.
India's Consul General in Shanghai, Pratik Mathur, extended greetings to Song Hou, Director General of China's Commercial Aircraft Corporation (COMAC), ahead of his visit to New Delhi for the BRICS Business Forum 2026. Discussions focused on B2B, technology, and connectivity ties, aligning with India's BRICS Presidency vision. The forum precedes the 18th BRICS Summit.
Foreign Portfolio Investors (FPIs) withdrew Rs 13,138 crore from Indian equities in the first half of September, driven by heightened global uncertainty, rising crude oil prices, firm US bond yields, and a strong dollar, impacting risk appetite.
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.
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.
FATF Vice-President Vivek Aggarwal has urged the fintech industry to increase investments to combat emerging threats from AI, scam compounds, virtual digital assets, and quantum computing. He warned that these technological challenges pose a significant risk to India's rapid growth in the fintech sector, highlighting a current lack of adequate investment and risk realisation within the industry.
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.
'I don't really expect the August increase in food prices, which was close to 6 per cent, to persist as we go close to the end of this year.'
A committee formed by West Bengal's BJP government is considering proposals to rename several prominent roads, bridges, and public places in Kolkata, including those named after communist leaders Vladimir Lenin, Karl Marx, and Ho Chi Minh. This move has sparked sharp criticism from the Trinamool Congress and CPI(M), who view it as "vendetta politics" and an attempt to disrespect differing ideologies.
The AM Green Indian Golf Premier League (IGPL) is set to host its second event in the UAE, resuming its season at Al Hamra Golf Club in Ras Al Khaimah from September 23 to 25. This event, presented by Vimtra Chennai Lions GC, marks the league's return to the UAE after its debut in Dubai last December, featuring top golfers like Gaganjeet Bhullar.
India's venture capital deal value grew by a modest 5 per cent in the first seven months of the year, significantly lagging the global average surge of 161 per cent, reflecting continued investor caution and valuation discipline.
Non-banking financial companies (NBFCs) experienced a significant 68.5 per cent year-on-year growth in gold-backed credit in July 2026, while banks saw their gold loan growth moderate to 88.1 per cent from 136.4 per cent a year prior, according to RBI data.
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.
Delhi's draft electoral rolls show a significant reduction in voters, with affluent constituencies experiencing a higher percentage drop (37.4%) compared to areas with unauthorised colonies and Jhuggi-Jhopdi clusters (35.7%). Overall, 47.5 lakh voters have been excluded, with officials noting Delhi's exclusion rate is the highest among states undertaking Special Intensive Revision. Citizens have until September 30 to file claims and objections before the final roll is published on November 4.
Indian shooters bound for the Asian Games will participate in preparatory camps in Delhi and Bhopal this month. These camps, focusing on mental conditioning and technical refinement, are crucial for the athletes to achieve peak performance at the quadrennial event in Japan, which begins on September 19. The article also lists the full shooting squad.
A female cheetah named Nirva, part of India's reintroduction programme, was successfully rescued from Shivpuri district after an 11-day search. The 6-year-old South African cheetah had gone missing from Kuno National Park, and her satellite collar was malfunctioning. Forest officials, with local support, located and replaced her collar, confirming she is healthy.
Indian information technology (IT) stocks, led by Infosys, experienced a significant selloff, dragging the Nifty to a two-month low, primarily due to escalating West Asian tensions pushing crude oil prices higher, and concerns over upcoming large IPOs diverting funds from secondary markets. The sector is also grappling with the long-term implications of AI disruption.
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.
Smallcap funds have emerged as the primary beneficiaries of the systematic investment plan (SIP) wave in Indian mutual funds over the past five years, with their SIP assets surging to approximately 1.83 trillion by March 2026, a fivefold increase.
Indian banks anticipate a reduction of up to 50 basis points in their funding costs due to a surge in liquidity from robust Foreign Currency Non-Resident (Bank), or FCNR (B), flows, lessening their reliance on more expensive certificates of deposit (CDs).
Flexi-cap mutual fund schemes have attracted nearly Rs 50,000 crore in net inflows during January-July 2026, a 27 per cent increase year-on-year, as investors increasingly favour dynamic equity strategies.
Promising Indian golfer Arjun Prasad has officially joined the AM Green Indian Golf Premier League (IGPL) ahead of its second half of the season, set to begin in late September. Prasad, 27, brings a strong performance record, including a recent professional title win and multiple top-10 finishes, making him a significant addition to the league's roster alongside other notable players.
Credit card spending in India has consistently topped Rs 2 trillion for three consecutive months, with July 2026 recording Rs 2.08 trillion, indicating a new normal for consumer expenditure, according to the latest RBI data.
The absolute amount of money raised is more than three times the 2 trillion seen before the pandemic (June 2019).
Indian banks and non-banking financial companies (NBFCs) are undertaking a comprehensive review and reset of their engagement terms with fintech firms, driven by the Reserve Bank of India's (RBI) draft Guidance on Regulatory Expectations for Data Governance and the stringent compliance requirements of the Digital Personal Data Protection (DPDP) Act, 2023, and its 2025 Rules.
HDFC Bank's share in active mutual fund schemes has fallen to multi-year lows, despite overall MF ownership in the bank rising, as the stock faces weak performance, soft margins, and governance concerns.
Inflows into non-resident Indian (NRI) deposit schemes decreased by 23.24 per cent to $2.78 billion during the first quarter of FY27, down from $3.61 billion in the previous year, according to Reserve Bank of India (RBI) data.
Fintech company Cashfree Payments India Private Limited has significantly reduced its consolidated net losses to Rs 118.5 crore in FY26 from Rs 154 crore in FY25. The firm also saw a substantial revenue growth of over 51 per cent, reaching Rs 967.4 crore. Co-founder & CEO Akash Sinha highlighted achieving EBITDA profitability in March 2026 and outlined plans for full-year profitability in FY27, driven by growth in SMB and cross-border payments.
India has attracted foreign direct investment (FDI) worth approximately 4,896 crore across 29 projects since May, following the government's relaxation of norms under Press Note 2 of 2026. The revised rules permit investment without government approval from entities with up to 10 per cent non-controlling ownership by land-bordering countries.
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 Bombay High Court has ruled that mere annoyance and normal disagreements do not amount to mental cruelty sufficient for divorce. The court stated that cruelty must be severe enough to make cohabitation unreasonable, and cannot be determined by isolated incidents. This ruling came as the court dismissed a man's divorce petition, upholding a family court's decision and ordering him to pay maintenance to his wife.
Indian rifle shooters Sonam Uttam Maskar and Himanshu Dhillon have won a bronze medal in the 10m air rifle mixed team event at the ISSF World Cup in Hangzhou. This medal brings India's total tally to four, including one gold, one silver, and two bronze. Both athletes expressed confidence and motivation from this achievement, with Himanshu marking his maiden senior World Cup podium.
Analysts predict that geopolitical developments, particularly surrounding the Strait of Hormuz and the US-Iran standoff, along with crude oil prices, will be the primary factors influencing stock market movement in the coming week. Investors will also monitor foreign institutional flows and the Federal Open Market Committee (FOMC) minutes for signals on the Federal Reserve's policy outlook.
