The Tata Group and TCS have announced a multi-dimensional partnership with OpenAI to build AI infrastructure, offer joint solutions, and train Indian youth, aiming to position India as a global AI hub.
Fuel pump dealers in Madhya Pradesh plan to stop accepting UPI payments exceeding Rs 2,000 for petrol and diesel from October 16, citing concerns over the proposed Merchant Discount Rate (MDR). The Confederation of All India Traders (CAIT) has urged the government to reconsider the MDR imposition, warning it could hinder digital payment adoption and impact traders' profits.
Learners in India prefer to pursue newer courses, such as Gen AI by building apps and code using the technology, along with learning about it.
Indian companies LTM and Mastek announced new international partnerships for cloud, AI, and digital transformation. Jio BlackRock AMC launched a new hybrid fund. NMIMS partnered with Coursera for AI-enabled learning, and MakeMyTrip Foundation rebuilt a flood-damaged school in Manali.
RNFI Services Ltd has received in-principle authorisation from the Reserve Bank of India (RBI) to operate as a Payment Aggregator - Physical (PA-P). This approval allows the company to expand its financial infrastructure into physical, offline, and in-store payments, complementing its existing regulated financial services portfolio.
Brijesh Singh, Principal Secretary (Information and Publicity), Maharashtra, highlighted the transformative role of Artificial Intelligence in journalism and encouraged women journalists to embrace this technological shift to enhance their skills and drive positive change.
ServiceNow has announced an expansion of its AI Control Tower offering with new capabilities that give enterprises control over every AI system, agent, and workflow, regardless of where it runs.
OpenAI CEO Sam Altman announces that ChatGPT image creation in India has surpassed 1 billion, less than a month after the release of ChatGPT Images 2.0.
The Sports Authority of India's National Centre of Excellence in Bhopal has mandated two judo coaches, Ruchi Audichya and Gitanjali Pawar, to attend counselling sessions with a sports psychologist due to concerns regarding their professional conduct, attitude, and impact on athlete discipline and performance.
The Retailers Association of India (RAI) has voiced concerns that the government's new 0.4 per cent Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000 could reverse the progress of digital payment adoption among small retailers. This fee, effective October 15, places the burden on merchants operating on thin margins, potentially pushing them back to cash transactions and undermining the government's formalisation agenda, especially ahead of the festive season.
Google CEO Sundar Pichai highlighted the transformative potential of AI at the India AI Impact Summit, emphasizing its role in scientific discovery, economic development, and workforce evolution.
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.
The Indian Golf Union (IGU) has approved significant amendments to its Memorandum of Association, including the addition of Sportspersons of Outstanding Merit, creation of a Dispute Resolution Committee, and modifications to its election process, all aimed at aligning with the National Sports Governance Act.
The NCP (SP) has demanded a complete rollback of the 0.4 per cent Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000, effective October 15. The party termed the move a "direct assault" on small traders and shopkeepers, accusing the Modi government of "double standards" by burdening small merchants while large industrialists benefit from loan write-offs.
India's Unified Payments Interface (UPI) recorded an unprecedented 24.51 billion transactions valued at Rs 29.8 lakh crore in August, largely propelled by the Raksha Bandhan festival. This surge marks a 22% annual increase in volume and 20% in value, highlighting the expanding reach and depth of the UPI ecosystem. Experts anticipate further growth during the upcoming festive season, while UPI's international acceptance now spans 11 countries.
Indian benchmark indices, Sensex and Nifty, experienced a significant downturn, with Sensex tanking 778 points and Nifty closing at a five-month low, driven by surging crude oil prices, geopolitical tensions, and fears of further interest rate hikes by major central banks.
UN Women has issued a stark warning that the rapid advancement of artificial intelligence (AI) is placing women at a higher risk of discrimination and digital violence, citing studies that reveal significant gender bias in AI systems and large language models.
Former Haryana Chief Minister Bhupinder Singh Hooda has criticised the newly introduced fees on UPI payments, stating they will lead to increased inflation for the common man. He dismissed government claims that customers would not be burdened, arguing that merchants would pass on the costs. Hooda demanded the immediate withdrawal of these fees, highlighting that the government's move contradicts its 'Digital India' initiative.
A LinkedIn post by Pooja Sahu, detailing her husband Sourabh's sudden layoff from Oracle after 12 years of dedicated service, including working through holidays and even from a hospital, has gone viral, capturing the emotional toll of the tech giant's latest job cuts.
The All India Football Federation (AIFF) has scheduled a Special General Body Meeting (SGM) for October 4 in Kolkata. The primary agenda includes appointing an electoral officer from the Sports Ministry's panel and passing a resolution to conduct elections for its executive committee. Additionally, the SGM will elect sportspersons of outstanding merit to the federation's general body, with current executive committee members not holding voting rights.
Chief Justice of India Surya Kant has cautioned against the uncritical adoption of Artificial Intelligence in the judiciary, emphasising the need to balance technological advancements with human intellect and ethical considerations.
A new Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000, effective October 15, could force small merchants and price-sensitive consumers to revert to cash, according to economic think tank GTRI. The move, which introduces a 0.4 per cent MDR with a Rs 300 cap and concessional rates for specific categories, is questioned by GTRI founder Ajay Srivastava, who suggests it's not a revenue issue for the government but potentially a response to US pressure regarding UPI and RuPay's preferential market position.
'All these reports and announcements by the US seem like attempts to gain a lever in trade deal negotiations with India.'
'People are now searching online for ways to spend their time offline. That is the intersection.'
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.
Experts laud the decision to impose a 0.4 per cent Merchant Discount Rate (MDR) on UPI transactions exceeding Rs 2,000, effective October 15. This move, along with a dedicated fund for small merchants, is seen as crucial for creating a sustainable digital payments ecosystem, incentivising expansion in rural areas, and funding innovation while keeping most transactions free for users.
The Unified Payments Interface (UPI) has completed a decade since its launch, becoming the backbone of India's digital payments ecosystem. It has seen exponential growth in transaction volume and value, expanding financial inclusion and setting a global benchmark for real-time payments.
BRICS members have expressed 'serious concerns' over the unilateral imposition of trade and finance-related measures, including higher tariffs and non-tariff barriers, stating these actions distort trade and are inconsistent with WTO rules. The grouping also highlighted elevated risks to the global economic outlook due to geopolitical tensions, trade fragmentation, and protectionism.
Google CEO Sundar Pichai on Wednesday said India is poised for an "extraordinary trajectory" in artificial intelligence and emphasised the company's commitment to partnering in the country's AI transformation.
Dr Bhairavi Joshi, a member of the Cycling Federation of India's Development Committee, has been awarded the United Nations World Bicycle Day Founder Leszek Sibilski's Certificate of Excellence for her significant efforts in promoting cycling across India through various community initiatives.
'It's A Cat And Mouse Game.'
The All India Football Federation (AIFF) has unanimously approved its revised Constitution, aligning with the National Sports Governance Act (NSGA), 2025. This significant overhaul, decided at a virtual Special General Body Meeting, introduces a new election panel, mandates national anthems before matches, modifies foreign player rules in ISL, and updates the disciplinary code, aiming to enhance governance, transparency, and player development in Indian football.
Cognizant's Chief AI Officer, Babak Hodjat, highlights India's unique position in AI enablement due to its strong technology foundation and large pool of digitally skilled people. He emphasises the continued importance of developers in the age of AI and Cognizant's focus on becoming an 'AI builder' company.
Cognizant's Chief AI Officer, Babak Hodjat, discusses India's unique position in AI enablement due to its strong technology foundation and skilled workforce, emphasising the continued importance of developers in the age of AI-generated code.
Jio Platforms Ltd, the digital and telecommunications arm of Reliance Industries, has approved filing draft papers for an initial public offering (IPO) involving a fresh issue of up to 27 crore equity shares, aiming to unlock value for shareholders and fuel its ambitious expansion into 5G, AI, and global markets.
OpenAI CEO Sam Altman emphasized the importance of democratizing Artificial Intelligence as the only fair and safe way forward, highlighting India's significant progress in AI adoption.
Chief Justice of India Surya Kant stated that the Supreme Court views technology as an aid to human reasoning, not a replacement, and emphasised developing "Swadeshi Jurisprudence" tailored to India's unique conditions. He highlighted efforts to create an indigenous AI ecosystem for the judiciary and stressed that AI cannot substitute human judgment, empathy, or ethical discernment.
Finance Minister Nirmala Sitharaman announced that the Goods and Services Tax (GST) Council's October 7 meeting will focus on 'GST 2.0' process reforms, including e-invoicing and input tax credit rules, while also addressing complex issues surrounding the taxation of the digital economy and cryptocurrency.
Indian sports pistol shooter Rahi Sarnobat discusses her challenging journey back to elite competition after battling a debilitating neuropathic pain syndrome. She shares how the illness forced her to redefine her training, mindset, and priorities, leading to a "second life" in the sport as she prepares for her fourth Asian Games.
Football administrator Ranjit Bajaj has filed a writ petition in court, seeking directions for the All India Football Federation (AIFF) to immediately schedule and complete elections for its Executive Committee. Bajaj argues that the AIFF has already adopted a compliant constitution, making further deferment unjustified.
