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.
Industry leaders at an AIMA panel discussion emphasised the need for businesses to quickly adapt to changing market conditions and invest in technologies like artificial intelligence to build resilience and achieve long-term growth. They highlighted the current era of uncertainty driven by geopolitical tensions, supply chain disruptions, and rapid regulatory changes, stressing that tactical responses are as crucial as long-term strategy.
The last major business daily to launch in India was Financial Chronicle in April 2008, preceded by Mint on February 1, 2007.
The Maharashtra Food and Drug Administration (FDA) has suspended the food licences of five outlets at the Mumbai Cricket Association (MCA) premises over the alleged violation of food safety norms, flagging deficiencies in food handling, storage, refrigeration and sanitation.
Real Madrid has defended its players' right to hold differing opinions after Kylian Mbappe and Vinicius Jr. obscured a solidarity message for the people of Ceuta on their shirts before a LaLiga match, an act that sparked controversy.
Ghaziabad police arrested three individuals, including a woman, for allegedly attempting to extort Rs 10 crore from a local builder. The accused were former business associates and employees of the victim.
Delhi Police arrested Sanju Mishra alias Tuntun Mishra from Ranchi, Jharkhand, in connection with a financial cheating case. Mishra, who runs a power tools business, is accused of fraud involving his business partner, Anup Garg. An FIR was registered in Delhi, and his bail plea was rejected by the Delhi High Court. Police are investigating his bank accounts and the fraud's modus operandi.
A national study of top 75 Indian B-schools reveals a significant competency gap in AI skills among management graduates, with industry expectations far exceeding current MBA capabilities. A new framework by AIMS, EPSI, and IMC highlights the urgent need for management education to adapt to an AI-led workplace, emphasizing behavioural competencies alongside data fluency.
Petrol pump dealers seek exemption from the proposed 5 UPI charge on fuel purchases above 2,000, citing pressure on their margins.
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.
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.
'For Indian institutions this year, global peers are outpacing in key areas such as RoI, entrepreneurship, and alumni outcomes.'
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.
'Major unions should be included. If this goes on, decision-making will become heavily one-sided and we will be forced to continue our strikes.'
Warren Buffett has stepped down as chairman of Berkshire Hathaway, a role he held for over 50 years, transitioning to chairman emeritus while his son, Howard Buffett, takes over as the new chairman.
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.
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.
India's eway bill generation reached 139.08 million in August, marking the third-highest monthly count on record and indicating sustained momentum in goods movement and formal economic activity, according to official data.
Veer Ganapathy, son of renowned golfer Rahul Ganapathy, is set to represent Bengaluru Stallions in the AM Green IGPL 2026. The team, also featuring Trishul Chinnappa, Sunhit Bishnoi, and Sudhir Sharma, was unveiled for the second season of India's first franchise-based professional golf league. The IGPL aims to promote golf beyond elite circles and provide exposure to young talent.
Cricket giants India are set to play a historic one-off T20 International against Japan in Sano, a match seen as a pivotal moment for the sport's growth in the baseball-dominated country, coinciding with celebrations of 75 years of India-Japan diplomatic relations.
Former chief selector and head coach Haroon Rasheed has attributed the decline of Pakistan cricket to the domestic structure changes implemented by former Prime Minister Imran Khan, who insisted on reducing first-class teams despite recommendations for a hybrid model.
Within days of the RBI's letter to Tata Sons that its CIC deregistration application had been rejected, the regulator filed a caveat in the Bombay High Court so that it could be heard before any order is passed on the matter in case there's a petition challenging its listing directive.
The Bombay High Court strongly criticised the Pune administration's decision to ban alcohol sales for 10 days during the Ganesh festival, questioning why Pune was singled out for such restrictions while other regions were not. The court deemed the blanket ban arbitrary and stigmatising for Pune residents, urging the administration to withdraw the order or face judicial intervention.
A new study reveals that approximately 70 per cent of the year-to-year variation in winter air pollution across northern India can be explained by the frequency of western disturbances. These storm systems, originating from the Mediterranean, help clear pollution through precipitation and ventilation. The findings suggest that predicting the frequency of these disturbances could provide advance warning of severe pollution, allowing for better preparedness and implementation of control measures.
Avtar 'Kuku' Kohli, a notable figure in Hindi cinema, passed away on Tuesday, August 25, 2026, following a heart attack.
A rocket designed and developed by ISRO is being transferred to industry for production.
Nine ISRO associations want to know whether this is simply an effort to expand India's industrial capacity or part of a larger policy under which ISRO itself will eventually withdraw from rocket manufacturing.
'On a plain reading of Article 121, it can be said that the chairman's casting vote can be invoked in either of these cases.'
At least four to five privately placed infrastructure investment trusts (Invits) are expected to transition to public listings by the end of the 2026-27 financial year, significantly increasing the number of publicly traded Invits to 12-14, according to N S Venkatesh, CEO of the Bharat Invits Association (BIA).
The Reserve Bank of India (RBI) has endorsed the introduction of a Merchant Discount Rate (MDR) on UPI transactions exceeding Rs 2,000, effective October 15. This move, which levies a 0.4 per cent fee on merchant payments above the threshold, aims to bolster the long-term sustainability and growth of India's digital payments ecosystem. The RBI clarified that person-to-person (P2P) transactions and small person-to-merchant (P2M) payments below Rs 2,000 will remain free for users, ensuring no direct charge on customers.
The Enforcement Directorate has seized Rs 3.45 crore in cash during searches against Karnataka PWD Minister Satish Jarkiholi, his family, and associates in a FEMA investigation. The probe concerns alleged undisclosed overseas investments, cross-border business links, and collection of bribes from PWD contractors, with the minister denying wrongdoing and alleging political targeting.
Smallcap funds topped the net inflow chart for the second consecutive month, as investors poured record Rs 7,973 crore into one of the best-performing MF categories.
N Chandrasekaran's letter of not seeking a third term was written to Tata Sons directors (including to Noel Tata as a nominee director) and, therefore, Tata Trusts did not have a locus standi on accepting or rejecting that letter.
West Bengal could be the Bharatiya Janata Party's real test case of its business-friendly policies, points out Kanika Datta.
koda Auto Volkswagen India is actively exploring various approaches to penetrate India's burgeoning electric vehicle (EV) market, including importing global models, local assembly, and developing highly localised products, as EV penetration is expected to reach 17-18% by the end of the decade.
India's international football friendly against Panama in Bengaluru has been advanced by a day to September 25 due to the Bengaluru Marathon. The match at Sree Kanteerava Stadium will be a significant test for the Blue Tigers against a 2026 World Cup participant, preceding other high-profile friendlies against Brazil and Uruguay.
The Maharashtra Food and Drug Administration (FDA) has suspended the food licences of several establishments across Mumbai and Navi Mumbai, including an IRCTC-linked supplier and three ISKCON outlets in Juhu, due to severe hygiene and safety violations. This action is part of a state-wide crackdown initiated by FDA Commissioner Tukaram Mundhe, targeting issues like pest infestation, improper food handling, inadequate sanitation, and misleading product claims.
Germany's national football team has been eliminated from the World Cup in the round of 32, marking their third consecutive early exit from the tournament. The German Football Association (DFB) has announced that changes will be made, with DFB President Bernd Neuendorf stating they will examine the reasons for the team's underperformance. The future of coach Julian Nagelsmann, who wishes to stay, is now uncertain.
Luxury hotels in Delhi are experiencing a significant room crunch and a sharp increase in tariffs ahead of the BRICS Summit. Many marquee properties show no availability or are quoting rates exceeding six figures per night around the September 12-13 event, highlighting a gap in India's hospitality infrastructure.
From a scene-stealing child actor to a cult-comedy favourite and a director in his own right, Kunal Kemmu has delivered plenty of memorable turns across three decades.
The FCNR (B) stratagem relies on using public money to defend the rupee. The State subsidises foreign borrowing to attract dollars. This tool requires large-scale borrowing to make a material difference against a gross external flow of $11 billion a day. A commensurately large fiscal cost falls upon the exchequer. The ministry of finance will choose how much it is willing to spend in exchange for this round number, points out Ajay Shah.
