The Congress party has strongly refuted government claims that its MPs on the Parliament Standing Committee on Finance supported a fee on high-value UPI payments. Congress leaders, including Gaurav Gogoi and Manish Tewari, stated that the "UPI tax" proposal was not specifically discussed by the committee, accusing the Modi government of diverting attention from public backlash and appeasing US companies. The government, however, cited the committee's report which pressed for a tiered Merchant Discount Rate (MDR) framework.
The Indian government has challenged Congress leader Rahul Gandhi's criticism of levying fees on UPI payments above Rs 2,000 to merchants. The government highlighted that a parliamentary standing committee, which included Congress MPs, had previously backed a tiered Merchant Discount Rate (MDR) framework for UPI. This move aims to ensure the financial sustainability of the UPI ecosystem and reduce its dependence on government subsidies, a concern raised by the committee due to the significant funding gap between allocations and operational costs.
An industry-led AI curriculum taskforce has recommended shifting the present lecture-based teaching system for technical education to learning from real industry use cases and enhancing practical exposure of students.
The Chintan Shivir is expected to discuss the progress of government schemes, policy implementation, time management, inter-ministerial coordination, and public service delivery, among others.
Tata Motors has launched the Sierra Legend Series, a new line of its iconic Sierra mid-SUV, designed to democratize premium features across all variants. This strategy, dubbed "Luxury, From The Base," aims to challenge traditional industry norms by offering high-end comfort, refinement, and technology even in entry-level models, ensuring the Sierra remains a benchmark in the competitive Indian automotive market.
Reliance Industries and Rolls-Royce on Friday said they intend to jointly develop a sovereign combat engine for the Advanced Medium Combat Aircraft (AMCA) programme, marking a bid by India's largest private-sector company and Britain's storied aero-engine maker to build indigenous fighter-jet propulsion capability in the country.
Reliance Industries and Rolls-Royce on Friday said they intend to jointly develop a sovereign combat engine for the Advanced Medium Combat Aircraft (AMCA) programme, marking a bid by India's largest private-sector company and Britain's storied aero-engine maker to build indigenous fighter-jet propulsion capability in the country.
The larger question raised by the associations is simple: If ISRO is no longer to manufacture launch vehicles, what will happen to the institution's accumulated capabilities and the people who built them?
'There will be some inconvenience to people. But we have given one-month notice to the government one month ago.'
A government bill proposing to widen the remit of the Indian Statistical Institute (ISI) is facing scrutiny from Members of Parliament. Concerns have been raised that the Indian Statistical Institute Bill, 2026, could reduce the premier institute's autonomy. The bill, currently under examination by a Parliamentary Standing Committee on Finance, aims to incorporate ISI as a 'body corporate' to strengthen governance and promote academic excellence, but critics fear increased government control.
The search for N Chandrasekaran's successor as Tata Sons Chairman has reportedly narrowed to Tata Steel CEO T V Narendran, Tata Sons Executive Director Saurabh Agrawal, and NSE MD & CEO Ashish Chauhan, with Chauhan emerging as a potential 'dark horse' candidate.
88 per cent of individual traders lost money during FY26. Until we recognise gambling dressed up as option buying for what it is, we will keep treating the wrong disease, asserts Harsh Roongta.
India has successfully manufactured and test-fired its first fully indigenous AK-203 assault rifle, named 'Sher', at the Korwa facility in Uttar Pradesh, marking a significant milestone in defence self-reliance with 100 per cent Indian components.
'I did not give up on acting; I was always open to it. I just wasn't actively chasing it for a period of time.'
Indian benchmark indices, Sensex and Nifty, traded flat in early deals due to elevated crude oil prices exceeding USD 100 per barrel and persistent geopolitical tensions, which subdued investor risk appetite.
Prime Minister Narendra Modi has urged the fintech sector to expand the global reach of India's Unified Payments Interface (UPI), connecting it with local systems in other countries to help the diaspora save on remittance costs.
Comparing the two states is comparing an apple to an orange. I ate apples for years. Then I felt I needed some citrus, and I moved to oranges. That doesn't make the apple a lesser fruit, reflects Binu Alex.
Indian equity benchmark indices Sensex and Nifty rebounded sharply in early trade, with the Sensex jumping over 530 points, tracking a broad-based rally in Asian markets after four consecutive days of decline.
Indian pharmaceutical companies are not rushing to relocate manufacturing to the United States despite former President Donald Trump's renewed threat of tariffs up to 200 per cent on imported generic drugs. Instead, they are leveraging existing US plants, contract manufacturers, and making selective investments in complex products while maintaining India as their primary production hub.
IIT Guwahati researchers have developed SH²RFSSM, a model inspired by how biological neurons communicate.
Gaganyaan astronaut Prasanth Balakrishnan Nair stressed the critical importance of AI sovereignty for national cybersecurity, citing the increasing difficulty in distinguishing between real and fake content due to AI. Speaking at the Kerala Cyber Suraksha Summit, Nair highlighted that future conflicts and industries would involve a 'whole-of-nation approach,' blurring physical and digital boundaries. He urged greater awareness of digital threats and emphasised India's need to build on its technological capabilities in AI and cybersecurity, drawing parallels with the success of Chandrayaan-3. Other speakers also underscored the rising threat of cyberattacks and the potential for Kerala to contribute to national technology requirements.
A cyberattack on an automaker can spread through its wider supply chain and create significant financial losses.
The move is meant to enhance the operational capability of the armed forces, reduce import dependence and increase domestic value addition.
Faculty recruitment is conducted directly by universities using global hiring standards while complying with Indian regulations.
'ISRO will not manufacture any launch vehicles. That will all be done by the private sector or public sector undertakings.'
Samsung India Electronics has initiated job cuts in its Consumer Electronics (CE) division, laying off 8-10 mid-to-senior-level employees with plans to let go of another 40-50 staff. This move is part of a cost-rationalisation exercise driven by rising input costs, muted consumer demand, and intense competition from rival Korean and Chinese players.
India's current account deficit could widen to 1.7 per cent of GDP, or about $71 billion, if crude oil prices stay above $90 a barrel for a significant part of the second half of FY27.
Indian wedding bookings to Sri Lanka are projected to grow 20-25 per cent annually over the next few years.
Axis Bank MD & CEO Amitabh Chaudhry has cautioned that the surge in FCNR(B) deposits could lead to 'abnormal lending' as banks seek to deploy excess liquidity, while also hinting at a potential interest rate hike in the near future.
An Indian-origin diamond businessman, Dhiru Ramani, abducted in Mali in April, has been freed after his family reportedly paid a 4 million euro ransom. Ramani, originally from Gujarat, remains in Mali for questioning by local authorities.
Researchers at the Indian Institute of Technology Madras (IIT,M) have developed a novel "morphing skin" concept for aircraft wings, inspired by bird flight. This adaptive external skin dynamically reshapes in real time to prevent aerodynamic stalls, enhance lift, reduce drag, and significantly improve aircraft safety and fuel efficiency. The technology holds promise for commercial aviation, unmanned aerial vehicles, and defence applications.
'I have seen all the storms and floods. I have crawled and reached here.'
The benchmark BSE Sensex rebounded by 362 points, ending a four-day losing streak, driven by strong buying in metal, private banking, and oil and gas shares, while the broader NSE Nifty saw modest gains despite paring some advances in the closing session.
'Improved law and order and transparent governance have helped change UP's investment image.'
India's passenger vehicle (PV) exports saw a 17 per cent year-on-year decline in August, contrasting sharply with a 36.5 per cent surge in domestic dispatches, which reached a record high for the month as automakers prepared for the festive season.
Indian benchmark indices Sensex and Nifty ended flat on Tuesday, with the Sensex dipping nearly 70 points, as investor sentiment turned cautious ahead of crucial global central bank policy meetings and a significant sell-off in Asian markets.
Uttar Pradesh Governor Anandiben Patel addressed AI Manthan 2.0, advocating for the comprehensive integration of Artificial Intelligence across all university subjects rather than as a standalone course. She urged universities to develop clear, time-bound AI roadmaps covering education, research, healthcare, and agriculture, emphasising indigenous AI development, employment creation, and the importance of "Safe and Trusted AI." The event also saw the formation of an AI Policy Advisory Group and an AI Implementation Group to drive these initiatives.
West Bengal has launched an Emerging Quantum and Semiconductor Technologies (EQST) section at CSIR-CGCRI to attract investments and position the state as a hub for next-generation technology. Minister Kalyan Chakraborti highlighted India's need to invest in these crucial sectors and outlined the state's plans to collaborate with institutions and leverage budget initiatives to foster research and start-ups.
Reliance Jio's reintroduction of Jio Prime membership with a price lock until September 2027 and the retention of its entry-level daily unlimited data plan at ~299 rupees are seen by industry analysts as strong indicators of imminent tariff hikes across the Indian telecom sector.
India's electric two-wheeler market has seen record penetration, exceeding 11.2 per cent, driven by crude oil price fluctuations. This surge has led to an unexpected crisis for Indian OEMs, with unfulfilled customer demand reaching 20-30 per cent and average waiting periods exceeding four weeks, a situation expected to intensify during the upcoming festival season.
