India needs to move beyond ease and cost of doing business and focus on the "speed of doing business" as the next leg of reforms to sustain economic growth and private investment, Confederation of Indian Industry (CII) President R Mukundan said.
Former NITI Aayog vice-chairman Rajiv Kumar has urged the government to maintain zero-fee UPI transactions for several more years, arguing that the benefits of UPI as a public good outweigh the costs. This comes amidst the government's recent decision to introduce a 0.4% fee on person-to-merchant UPI transactions above Rs 2,000 from October 15, a move that has drawn criticism.
The Supreme Court has expressed concern to the Election Commission regarding the "almost mechanical" issuance of notices under the Special Intensive Revision (SIR) exercise in Delhi, urging additional safeguards and clarification on "logical discrepancy" criteria. The court is hearing a petition challenging the EC's process, which has seen millions of voters receive notices, raising practical difficulties and concerns about potential disenfranchisement.
Industry body Assocham has welcomed the new UPI framework for large-value merchant transactions, effective October 15. This framework introduces a 0.4 per cent Merchant Discount Rate (MDR) on person-to-merchant UPI payments exceeding Rs 2,000, with a cap of Rs 300 for transactions over Rs 75,000. The move aims to enhance UPI sustainability, support innovation, and mitigate fraud, while protecting small merchants and ensuring most everyday transactions remain free.
The Federation Equestre Internationale (FEI) has threatened to suspend the Equestrian Federation of India (EFI) due to its failure to finalise a new constitution and hold elections as directed by the Delhi High Court. The international body cited breaches of good governance principles and has given EFI until September 28 to provide an explanation before its board considers suspension on October 13. The crisis stems from long-standing governance disputes and divisions within the ad-hoc committee appointed to oversee the federation.
'Nanandan Yadav was hiding in the Madwa Pahari locality when the police surrounded him. He tried to flee, and was shot during the encounter.'
Tamil Nadu Chief Minister C Joseph Vijay's planned meet-and-greet sessions with the Tamil diaspora in London have been cancelled due to public safety concerns and directives from the Metropolitan Police. The TVK party appealed to supporters to refrain from gathering, as CM Vijay is in the UK to attract investments, having already secured agreements worth Rs 12,300 crore.
Former BJP MP Pratap Simha has been booked by police in T Narasipura, Mysuru, for allegedly delivering a provocative speech during a Ganesha idol procession. The FIR was registered following a complaint by a PSI, accusing Simha of making derogatory remarks against an inspector. Simha claims the FIR is politically motivated and vows to challenge it in court.
An Assistant Sub-Inspector of Punjab police, Harjit Singh, was shot dead by two unidentified motorcycle-borne men while on duty at the Bhagtawala Grain Market in Amritsar. The incident occurred around 3 am, and the officer was declared dead at a private hospital.
A 35-year-old labourer, Pawan Ram, was allegedly beaten to death outside a residential society in Dwarka, southwest Delhi. Police are investigating the incident after CCTV footage showed a man attacking him with a wooden stick.
A comprehensive schedule outlines the participation of Indian athletes across various disciplines at the Asian Games on September 23, including key events in badminton, boxing, shooting, hockey, and weightlifting, with several athletes vying for qualification and medal rounds.
Security forces in Arunachal Pradesh's Changlang district have seized 233 grams of suspected brown sugar, estimated to be worth Rs 46.60 lakh. Two individuals were arrested during the joint anti-narcotics operation conducted by Assam Rifles, Arunachal Pradesh Police, and CRPF. The contraband was found hidden in 21 soap cases.
A 40-year-old man in Amreli, Gujarat, allegedly killed his five-year-old daughter and then died by suicide, citing severe financial distress. The tragic incident, discovered by his wife, involved the man leaving suicide notes and decorating the room, suggesting a final, desperate act.
India's athletics campaign at the Asian Games is set to begin, with star shot putter Tajinderpal Singh Toor aiming for a historic third consecutive gold. Long jumper Murali Sreeshankar and long-distance runner Gulveer Singh are also looking to upgrade their previous medals. Despite Neeraj Chopra's absence, the 75-member Indian team targets 25-30 medals across various events, including steeplechase, javelin, and high jump, facing strong competition from other Asian athletes.
Indian MMA fighter Varun Sanyal was forced to withdraw from the Asian Games after suffering exhaustion and dehydration during a sauna session while cutting weight. He was declared medically unfit, though another Indian MMA athlete, Suchika Tariyal, secured India's first medal.
A 25-year-old woman, Sneha, succumbed to severe head injuries in Raichur, Karnataka. She was found injured near her parents' house, where she had been staying after leaving her husband due to domestic conflicts. Police have registered a murder case, with her husband and a friend named as suspects, and investigations are ongoing.
Foreign institutional investors have withdrawn nearly $40 billion from Indian equities in the last two years and, according to Bernstein analysts, have 'little reason' to invest for the long-term, though they may 'return to trade'. The brokerage highlights challenges such as struggling large-caps, disruption from new technologies, and difficulties accessing small- and mid-caps (SMIDs) at an institutional scale.
Indian Olympic Association president P T Usha has voiced strong objections to the Aichi-Nagoya Asian Games organisers' decision to forgo a conventional Athletes Village, opting instead for dispersed accommodation including a cruise ship. Usha, a former Asian Games athlete, highlighted the importance of a centralised village for athlete interaction and expressed concerns about logistical challenges and venue distances. She believes the traditional village system will endure despite this experiment and shared her excitement for India's performance and future hosting ambitions.
Zepto is sharply scaling back Zepto Cafe, closing hundreds of outlets and shrinking its menu as it reworks the business.
The Karnataka CID is investigating alleged irregularities in the KPSC veterinary officer recruitment exam, questioning 40 candidates and arresting suspended IAS officer Gyanendra Kumar Gangwar. The probe has revealed financial links, with significant deposits traced to accounts connected to candidates and middlemen, and has frozen substantial amounts. The High Court has ordered a fresh probe by an SIT.
Police in Shopian, Jammu and Kashmir, have attached a residential house and seized cash, collectively valued at over Rs 21 lakh, allegedly acquired through the illegal trade of drugs and narcotics. The action was taken under the NDPS Act against an individual named Farooq Ahmad Shah.
Disquiet has emerged within India's rowing camp at the Asian Games as some players claim they have been moved from their original events, with reserves taking their places. This has caused significant distress among the affected athletes just as competitions are set to begin.
India's shooting campaign at the Asian Games faced a setback as Elavenil Valarivan and Parth Mane finished fourth in the 10m air rifle mixed team final, extending the country's wait for a gold medal. Despite strong qualification, the Indian pair struggled in the final, while China secured gold with a world record. This follows other near-misses for India, highlighting the intense competition and the need to convert strong starts into medals. The focus now shifts to upcoming events, including Manu Bhaker's participation.
Suryakumar Yadav worships at Mumbai's iconic Lalbaugcha Raja.
The Commission for Air Quality Management (CAQM) has directed Punjab, Haryana, Uttar Pradesh, and Rajasthan to implement drone-based surveillance to monitor and prevent stubble burning. This initiative aims to counter late-evening burning incidents that evade satellite detection, leveraging drone technology for real-time monitoring, accurate detection, and evidence collection to ensure effective enforcement against agricultural residue burning.
The Indian men's hockey team secured a dominant 16-1 victory over Sri Lanka in their second Pool A match at the Asian Games, with Jugraj Singh, Abhishek, and Dilpreet Singh each scoring hat-tricks. This win follows an earlier 13-1 triumph against Indonesia, as the team prepares for tougher challenges against South Korea and Japan.
India's deposit growth has reached a 15-year high of 17.8 per cent, primarily driven by a surge in foreign currency non-resident (bank), or FCNR(B), deposits. This influx of funds is expected to lead to a softening of corporate loan rates as banks seek to deploy their excess liquidity.
Tata Trusts, the majority shareholder of Tata Sons, has stated its firm opposition to the holding company's public listing, revealing that the Tata Sons board will meet again to explore all available alternatives to listing.
The 20th Asian Games have officially commenced in Nagoya with a high-tech opening ceremony. India's 501-member contingent is led by flag bearers Manu Bhaker and Pawan Sehrawat, with some events already underway, including India's women's cricket team reaching the semifinals and a teqball bronze medal opportunity.
Hindustan Aeronautics Limited (HAL) has delivered LCA Tejas FOC twin-seater trainers and HTT-40 basic trainer aircraft to the Indian Air Force, and Dhruv next-generation helicopters to Pawan Hans. This significant handover, witnessed by Defence Minister Rajnath Singh, marks a crucial step in India's journey towards self-reliance in the aerospace sector, showcasing HAL's capabilities across military, civil rotary-wing, and pilot training aviation.
Italian Prime Minister Giorgia Meloni has announced a series of significant educational reforms, including a proposed ban on face coverings like burqas and niqabs in schools, a legal cap on the number of foreign students per classroom, and a requirement for parents of foreign students with integration issues to learn Italian. Meloni stated these measures aim to ensure immigrants learn Italian language and culture, and respect national rules, emphasising gender equality as non-negotiable. Additionally, she revealed plans to scrap the multiple-choice entrance test for medical school admissions.
State-run defence major Hindustan Aeronautics Limited (HAL) has delivered LCA Tejas Final Operational Clearance twin-seater trainers and HTT-40 basic trainer aircraft to the Indian Air Force, along with Dhruv next-generation helicopters to Pawan Hans. This significant handover, witnessed by Defence Minister Rajnath Singh, marks a crucial step in India's journey towards self-reliance in the aerospace sector, showcasing HAL's diverse capabilities in military, civil, and training aviation.
The CBI has registered a case against USA-based Christian missionary group The Timothy Initiative (TTI) and its associates for allegedly misusing Rs 92.55 crore in foreign funds for missionary activities, violating the Foreign Contribution (Regulation) Act, 2010. The case, based on a Union Home Ministry complaint and ED investigation, highlights the alleged use of foreign debit cards and attempts to conceal identities.
The 20th Asian Games have officially commenced in Nagoya with a high-tech Opening Ceremony. India's 503-member contingent is being led by Manu Bhaker and Pawan Sehrawat. Early events have seen India's women's cricket team reach the semifinals and a medal opportunity in debutant sport teqball, building on India's record performance at the previous Games.
The state-run Pakistan Sports Board is only funding a fraction of the country's 248-member Asian Games contingent, with many athletes and officials relying on federations, the POA, or self-financing. The Pakistan Olympic Association secretary, Khalid Mahmood, confirmed that self-funded medal winners would be compensated and highlighted Pakistan's medal hopes across various disciplines.
Congress's Nandigram bypoll candidate Milan Pradhan has been sent to judicial custody until October 3 on charges dating back 19 years, effectively ending his campaign for the October 6 by-election.
Oxford United withdrew its "United 93" clothing line and apologised after recognising its association with the 9/11 hijacked flight, accepting responsibility and promising stricter merchandise approval processes.
The Indian women's table tennis team achieved a remarkable 3-2 comeback victory against Singapore in their Group F match at the Asian Games. After trailing 1-2, Sreeja Akula and Yashaswini Ghorpade secured crucial wins to clinch the tie. Both the men's and women's teams also started their campaigns with dominant 3-0 wins over Indonesia.
'You can't have a runaway board that takes decisions against the active disagreement of the 66 per cent shareholder.'
Sports Minister Mansukh Mandaviya met World Aquatics president Husain Al-Musallam to discuss strengthening cooperation, developing aquatic sports in India, and exploring India's readiness to host Asian-level championships. India is also targeting to host the 2038 Asian Games and 2036 Olympics.
