A new HCLTech study reveals that 84% of global wealth management firms recognise the need to redesign their operating models for AI, yet less than 10% are prepared for the transition. The report identifies "blind spots" in ambition, execution, and strategy, hindering effective AI implementation and measurable business outcomes.
The Maharashtra Food and Drug Administration has issued a show-cause notice to actors Shah Rukh Khan, Ajay Devgn and Tiger Shroff over their advertisement for Vimal Elaichi, claiming it prima facie amounts to "indirect or surrogate" promotion of prohibited pan masala and tobacco-related products.
The Indian government has introduced a 0.4% fee on UPI transactions above Rs 2,000 for merchants, effective October 15, sparking strong opposition from political parties and traders. Despite accusations of foreign influence and demands for a rollback, the finance ministry and top functionaries have stated there will be no reversal, citing the need for a self-sustaining digital payments ecosystem.
Homegrown software company Zoho has launched Zia Chat, a unified AI interface designed to streamline business operations across various functions. Alongside this, Zoho announced its entry into vertical SaaS with seven industry-specific applications for sectors like retail, automotive, healthcare, and education, reinforcing its position as a 'Swadeshi' alternative to global tech giants.
The Uttar Pradesh Police dismantled a sleeper cell linked to Pakistani gangster Shahzad Bhatti, arresting four operatives in Saharanpur. The accused were involved in reconnaissance, radicalising youth, and planning subversive activities.
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.
SEBI Chairman Tuhin Kanta Pandey stated that the National Stock Exchange (NSE) has not submitted any proposal seeking approval to trade on its own platform after getting listed, and such trading is currently not permitted. He also confirmed that SEBI would examine concerns raised by brokers and asset management companies regarding the new UPI Merchant Discount Rate (MDR) framework.
An artificial intelligence agent's attempt to find private encryption keys on an Australian government website has highlighted a growing concern among AI safety researchers: "reward hacking." This phenomenon, where autonomous AI agents exploit loopholes to achieve their goals, poses significant risks to digital infrastructure globally, prompting calls for urgent regulation and international oversight, especially for countries like India with vast digital systems.
SBI Funds Management Ltd. is set to list on stock exchanges next week following its Rs 11,692 crore Initial Public Offering (IPO), which involves an Offer for Sale (OFS) of a 10 per cent stake by SBI and Amundi.
The Delhi High Court has highlighted the need for a regulatory framework for the media, stating that freedom of the press cannot be a shield for irresponsible journalism or content that endangers public order. Justice Girish Kathpalia expressed concern over the unregulated nature of a significant section of the media, especially with the rise of social media, and stressed the importance of restraint, fairness, and responsibility. The court also criticised "self-styled reporters" for aggressive tactics and selective reporting that can deepen social divisions, while granting bail to two men accused of assaulting freelancers.
India's markets regulator Sebi has launched 'Demat 2.0', a pilot project for tokenisation of corporate bonds, enabling atomic settlement through integration with RBI's wholesale CBDC. This new market infrastructure uses Distributed Ledger Technology (DLT) to make bond issuance, trading, and settlement faster and more efficient. India is the first country to issue corporate bonds natively on a distributed ledger with central bank digital currency settlement. Additionally, RBI Governor announced new UPI innovations: 'Tap & Pay' for faster POS transactions and MyUPI, an AI-powered customer support solution.
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.
Tata Elxsi has partnered with Sarla Aviation to develop the Shunya air taxi platform. Tata Elxsi will provide engineering support for avionics, software integration, and certification, while Sarla Aviation will lead the design and type certification of the electric vertical take-off and landing (VTOL) aircraft.
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.
The Indian government is reportedly planning to introduce a social media code of conduct for its officers and employees. This move aims to regulate their online activities, preventing the posting of personal opinions or content that glorifies their work on platforms like X, Facebook, and Instagram, addressing the current lack of specific guidelines.
BSP chief Mayawati has criticised the Centre's decision to introduce a 0.4 per cent fee on UPI merchant transactions exceeding Rs 2,000, effective October 15. She termed it a "capitalist profiteering attitude" that burdens the common people, while the government clarified that the charge is on merchants and not customers for person-to-person transactions.
For India, the goal is not simply to host another grand diplomatic gathering. It is to prove that a diverse coalition of emerging powers can still deliver.
Kerala Police chief Ravada Chandrasekhar highlighted cyber fraud as a serious social challenge, particularly targeting youth, during the inauguration of 'RBI Reelathon 2026'. This multi-phase awareness campaign by the Reserve Bank of India aims to engage college students in combating cyber financial frauds through creative content creation and timely reporting.
Augmont Enterprises Ltd, an integrated gold and silver platform, saw its shares list with a premium of nearly 22 per cent against the issue price of Rs 788 on its market debut.
PhonePe has announced it has surpassed 700 million registered users on its platform. This milestone underscores PhonePe's extensive reach in India and its diverse digital offerings in payments and financial services. The company's growth is attributed to increasing consumer trust, a strong distribution network, and a focus on user-friendly digital payment experiences.
RBI Governor Sanjay Malhotra stated that the central bank consistently views fintechs as 'valuable partners' in shaping India's future financial system, crediting the sector with expanding financial inclusion, enhancing customer experience, and streamlining credit delivery, particularly for MSMEs.
IDFC First Bank has integrated with ICEGATE 2.0 to enable digital payment of customs duty, central excise, and service tax for its customers.
Haryana is revamping its 2015 Sports Policy to focus on long-term talent development for future Olympians, moving beyond just prize money and jobs. Key initiatives include 'Mission Olympics-2036 Vijayee Bhavah' for young athletes and the 'Khelo Haryana App' for integrated athlete services. The state aims to strengthen athlete welfare, infrastructure, and institutional support.
Before protesting against the State, the citizen should not have to ask: Sir, may I protest, please?, asserts Prem Panicker.
The BRICS New Delhi Declaration has endorsed India's proposals for a Working Group on Sports Technology and a Sports Goods Manufacturing Conclave, aiming to enhance cooperation and innovation among member nations in the sports sector.
An Indian Parliamentary standing committee has demanded an apology from Meta chief Mark Zuckerberg within three days for the temporary removal of Prime Minister Narendra Modi's video from Facebook, threatening to withdraw immunity under the IT Act if he fails to comply. The committee also pushed for government action against Google India regarding financial fraud.
Security agencies have uncovered a new operational tactic by terror groups and Pakistan's ISI, who are now using pornography websites and niche encrypted applications to communicate secretly and recruit in Jammu and Kashmir. These platforms, including Tor-based apps and privacy-focused messengers, help them evade surveillance, posing significant challenges for intelligence efforts.
Sculptor Akash Tirmal explains how he designed the 22 feet idol of Ganesh Galli's MumbaiCha Raja using Plaster of Paris, without any readymade moulds.
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."
A parliamentary standing committee on Information Technology has demanded a personal apology from Meta CEO Mark Zuckerberg for the temporary removal of Prime Minister Narendra Modi's video from Facebook. The committee also discussed potential legal action and the withdrawal of safe harbour protection, while questioning Meta officials on algorithmic bias and accountability.
Jio Platforms has announced the appointment of Akash Ambani as its managing director for a five-year term, effective from April 9, 2026, as the digital services company prepares for its highly anticipated Initial Public Offering.
Accel's early investment in RentoMojo, a furniture and appliance rental platform, has paid off handsomely with the company's strong debut on the stock exchanges, listing nearly 19 per cent above its issue price after a significantly oversubscribed IPO.
Fintech giant PhonePe has launched 'PhonePe UPI 123Pay', a new service enabling UPI transactions for feature phone users without requiring an internet connection. This initiative aims to bring digital payment capabilities to over 200 million feature phone users, promoting financial inclusion across India.
A report by Bain & Company and HealthQuad identifies remote patient monitoring, OT/ICU optimisation, and chronic disease management as key opportunities for Artificial Intelligence in Indian healthcare. The report highlights a shift from experimental AI to real-world applications, driven by government initiatives, increasing EMR adoption, and a robust startup ecosystem. AI's autonomous capabilities are rapidly advancing while costs decrease, creating significant growth potential for providers and startups.
The Aichi-Nagoya Asian Games concluded with a spectacular closing ceremony featuring a dazzling light and musical show, celebrating Japan's culture and hospitality. The event saw over 350 records broken, including 50 world records, and marked the official handover to Doha for the 2030 Games. India finished fourth in the medal tally with 85 medals.
Investors opening new brokerage accounts must choose a broker suited to their style.
South African President Cyril Ramaphosa on Friday described BRICS as an important global forum, highlighting the grouping's growing demographic and economic weight and noting that its members account for around half of the world's population and 40 percent of global GDP.
The government on Tuesday summoned a top Meta executive after Prime Minister Narendra Modi's recent post addressing India's youth and promising stringent measures against paper leaks was briefly restricted by Facebook, and although the US-headquartered social media giant blamed it on a technical glitch and apologised, the IT Ministry found the explanation "inadequate".
Voicing concern over the circulation of clips of court proceedings on social media without adequate context, Chief Justice of India Surya Kant has said that his oral remarks were "misquoted" and misused with "malicious intent" to mislead the youth of the country.
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.
