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Adewunmi Takes Helm At Cummins India
Cummins India has announced the appointment of Gbile Adewunmi as its new Managing Director, effective November 1. Adewunmi, currently VP for Power Systems Industrial Markets, will also take on CEO responsibilities, highlighting India's strategic importance to Cummins.
Prince Harry's confession about Diana's death
US probes top schools over J-1 visa use
The United States has launched a federal investigation into nine major universities, including Ivy League schools like Harvard, Yale and Stanford over their use of J-1 visas, Vice President JD Vance said at a press briefing.The J-1 visa programme allows foreign nationals to enter the US as exchange visitors, including researchers, scholars, students, teachers and other specialists.Vance said Labor Department officials had served subpoenas on the universities as part of the investigation. He alleged that some institutions were bringing foreign researchers to the US at wages lower than those paid to American workers.Also Read| US bars Microsoft from sponsoring green cards for H-1B workers over alleged abuseThe universities named during the briefing included Harvard University, Yale University, Stanford University, the University of Pittsburgh, the University of California, Davis, the California Institute of Technology, Arizona State University and the Massachusetts Institute of Technology.We see a lot of fraud where some of Americas most universities bring in foreigners under the wages of American residents, Vance said.He alleged that, in one case, a foreign researcher was paid $20,000 less than an American worker for a comparable position. Vance also referred to an example involving a salary difference of $48,000.This is a terribly pernicious system. Its gone for too long, he said, calling for Congress and the administration to take steps to reform the programme.Vance said the J-1 visa programme was intended to give American institutions access to highly skilled researchers and professionals. However, he alleged that some employers were using it to reduce labour costs and replace American workers.We cannot allow programmes that were designed to ensure that American corporations had access to the best and the brightest to be used to undercut the wages of workers, Vance said.He also distinguished between foreign workers who come to the US to build companies and create jobs, and those whom employers allegedly bring in at lower wages to replace American workers.If you want the visa programme to stop being used to defraud the taxpayer and undercut the wages of workers, we will help you do everything that we can to ensure the programme was designed for America, Vance said.
AI Can Boost Developing Nations: World Bank
A World Bank report, 'The Promise of Artificial Intelligence', states that AI presents a historic opportunity for low- and middle-income countries to overcome development challenges, despite many being unprepared. It advises these nations to adopt and adapt existing AI tools rather than focusing on building frontier models immediately. The report also notes a significant gap in AI adoption and job automation between high-income and developing countries.
Cochin Shipyard gets 40-ship order from US, Europe
GST is always useful for a state like West Bengal, says Swapan Dasgupta
West Bengal Finance Minister Swapan Dasgupta calls the 57th GST Council meeting very, very positive, highlighting ease of doing business and improved compliance.
IBL Finance proposes public issue of NCDs worth up to Rs 50 crore
IBL Finance Ltd is gearing up for a public issuance of secured non-convertible debentures amounting to Rs 50 crore. This issuance includes a base of Rs 25 crore, with the chance for oversubscription. Set to commence on October 12, 2026, and conclude on October 26, 2026, investors can purchase a minimum of 10 debentures priced at Rs 10,000 each.
State-owned banks raise repo-linked lending rates by 25 bps after RBI move
Several banks, including BoB, PNB and Indian Bank, raise repo-linked lending rates by 25 bps after the RBI's policy rate increase, making loans costlier for borrowers
Parag Parikh Flexi Cap Funds September portfolio shows a clear shift in select existing holdings, even as the fund exited only one stock. DLF saw the biggest increase, while major names continued to dominate the portfolio. What changed in the mutual funds latest portfolio?
WTO raises 2026 goods trade forecast to 3.9% on AI boom, supply chain resilience
Asia to lead export growth at 9.9%; services outlook downgraded as West Asia conflict hits transport, travel
SEA elects Angshu Mallick as its President
He headed Dhara operations at the National Dairy Development Board and held various responsibilities across sales, marketing, distribution and exports at the Gujarat Cooperative Milk Marketing Federation
In a bid to manage escalating operating expenses amidst unpredictable global fuel costs, Air India and Air India Express will update their fuel surcharges for new bookings starting October 9, 2026. For domestic flights, the surcharges will vary from Rs 400 to Rs 1,200, while international routes to North America will see a charge of $215.
Air India flight AI2243 took off from Delhi towards Riyadh but turned around during its journey due to safety concerns. This decision came after Houthi attacks on airports in Saudi Arabia intensified. As a precaution, Air India and Air India Express announced the suspension of all operations to and from Riyadh. The suspension will remain in effect until October 10, 2026, affecting numerous travelers.
Over 54% of urban households say economic conditions worsened, finds RBI survey
The survey found 54.5% of respondents felt the economy had deteriorated, up from 50.5% in July and 40.9% last September
GST reforms address 99% of rate, process issues, says FM Nirmala Sitharaman
The FM said the Council has also taken steps to make the movement of goods smoother by limiting inspections, detention and seizure to officers of the supplier or destination state
RBI bid to drain surplus liquidity and improve rate transmission sees muted response
Banks parked just Rs 79,655 crore in the central banks 29-day variable rate reverse repo (VRRR) auction, less than half the Rs 2 lakh crore absorption planned in the offer. Draining liquidity is considered crucial for quicker and effective transmission of increases in policy rates.
Violet Bridgerton spin-off: Shonda Rhimes and Nicholas Nardini will write the series together. They will also serve as showrunners and executive producers. Tom Verica and Betsy Beers are also on board as executive producers.
Hair fall decoded: Causes, triggers, and warning signs
For many, hair shedding can raise concerns, with various elements at play like stress, hormonal imbalances, and nutrition. Recognizing the difference between shedding and breakage is essential, as each has distinct roots and remedies. Noting specific loss patterns can guide you towards effective treatments. Additionally, seeking expert guidance can shed light on potential health issues impacting your hair's condition.
Chinua Achebes famous quote, Until the lions have their own historians, the history of the hunt will always glorify the hunter, offers a powerful message about perspective and who gets to tell history. The traditional African proverb, popularised by Achebe, reflected his belief that African stories should not be shaped only by colonial and European accounts.
From a Jaipur original to a multi-city brand: Zolocrusts measured expansion
As Zolocrust, a renowned vegetarian caf chain, marks its 11th year, it is excitedly planning expansions into vibrant cities like Delhi and Lucknow. Founder Arjun Kumar emphasizes a deliberate strategy: prioritizing quality over swift expansion. Each new location will reflect valuable lessons learned, ensuring Zolocrust remains true to its core principles while establishing a notable presence in larger urban landscapes.
Akasa Air announces new fuel surcharge amid rising ATF prices; check how much passengers will pay
Starting October 9, Akasa Air will implement a fuel surcharge on domestic flights, with charges between Rs 375 and Rs 1,150 based on distance. For international journeys, a standard surcharge of Rs 2,500 will apply to specified locations. This measure aims to mitigate the impact of soaring aviation turbine fuel expenses. Moreover, Akasa Air will keep an eye on fuel prices and may adjust these surcharges as necessary.
This CPCRI technology enables tree-top pre-concentration of coconut sap
ICAR-CPCRI has developed this on a pilot scale with the financial support from the Coconut Development Board
Rolls-Royce eyes India, AMCA engine push
Rolls-Royce is stepping up its India push. The British aero-engine maker has held its board meeting in the country for the first time and is pitching itself as a strategic partner for energy security, defence and infrastructure growth.CEO Tufan Erginbilgic met Prime Minister Narendra Modi during the three-day visit. They discussed the company's long-term plans for India and how it can support the country's priorities across defence, aerospace and energy, according to a company statement reported by PTI.Also read: Rolls-Royce eyes India engine MRO facility, explores aero gas turbine complex and SMR opportunitiesIndia is very important to Rolls-Royce and our long-term growth ambitions. We want to deepen our role as a strategic partner supporting energy security, infrastructure growth, national security and connectivity, contributing to economic growth for India, Erginbilgic said.He said the company's focus runs from developing sovereign aero-engine capability to exploring new opportunities in power and propulsion. The aim, he added, is to build partnerships and capabilities that create lasting value for both India and Rolls-Royce.Board meets India team, visits Bengaluru centreChair Dame Anita Frew and the board of directors met Rolls-Royce's India leadership team and government stakeholders during the visit.They also toured the company's Global Capability and Innovation Centre in Bengaluru. Teams from engineering, defence, global business services, and digital and IT showed the range of work delivered from India.The company said the decision to hold the meeting in India reflects the country's growing importance to its business. It added that its plans build on a decades-long presence, established industrial partnerships, a growing engineering footprint and an expanding manufacturing and supply chain ecosystem.AMCA engine at the centre of the pushThe biggest India-specific bet is the fighter engine. In August, Rolls-Royce and Reliance Industries announced their strategic intent to partner on the design, development, manufacturing and delivery of a sovereign combat engine for India's Advanced Medium Combat Aircraft (AMCA) programme. The AMCA is India's fifth-generation stealth fighter, being developed by the Aeronautical Development Agency under the DRDO.The partnership envisages a dedicated Aerospace Gas Turbine Complex in India, anchored by the AMCA engine programme. It is meant to be a complete sovereign aero-engine ecosystem covering design, development, manufacturing, testing, production and through-life support. Over time, it could also support future military, naval and civil aerospace needs.The August announcement was a statement of intent. The two companies have said they will explore setting up the complex, so the project is still at an early stage.Second meeting with PM in 2026This is not the first time Erginbilgic has met Modi this year. They met in New Delhi in February, when the Prime Minister said in a post on X that India welcomed Rolls-Royce's enthusiasm for scaling up its activities in the country.Also read: Reliance Industries, Rolls-Royce to partner on indigenous AMCA combat engineLast October, Erginbilgic was part of the industry delegation during UK Prime Minister Keir Starmer's India visit. The company said then that it had deep ambitions to develop India as a home market.Presence across sectorsBeyond combat aerospace, Rolls-Royce has a significant presence in India across civil aviation, defence and power systems. The company said it is pursuing opportunities that deepen its role in India's Viksit Bharat ambitions for self-reliance in defence and energy, while also supporting the growth of civil aviation, infrastructure and industry.(With inputs from PTI)
Mandatory 10% health insurance co-pay: What it means for policyholders
The General Insurance Council is reportedly considering a mandatory 10% co-pay in retail health insurance policies, potentially capped at 5 lakh per claim. Heres what co-payment means, why it is being considered, and how it could affect senior citizens and other policyholders.
GST Reform Winners 2026: The GST Council has greenlit key reforms intended to simplify compliance for businesses across the board. Small businesses now have the option to file just one GST return per year instead of a series of filings. Exporters stand to gain from expedited refunds and increased input tax credits on eligible manufacturing costs.
One GST return a year? New scheme could ease compliance for 16 lakh small businesses
Small businesses selling only to consumers may soon have the option to file GST returns annually. The GST Council has approved a plan for eligible taxpayers with turnover up to Rs 5 crore. Currently, these businesses file monthly returns under the existing GST structure. The new scheme is expected to ease compliance burdens and allow quarterly tax payments. Changes are set to take effect from April 1, 2027.
India could achieve 300 GW of wind capacity by 2030, say industry stakeholders
Beyond installations, India is also emerging as a major manufacturing base for turbines and its components like nacelles and gearboxes PLS ADD IMAGE FROM BIJOY
GST Council scraps arrest powers of GST officers, ups prosecution threshold to 5 crore
On input tax credit claims, the 57th GST Council decided to set up a Committee of Officers to examine how to protect a genuine buyer who holds a proper invoice, has received the goods, and has paid his supplier in full.
Insurer failed to provide sufficient evidence to justify claim rejection, Kurnool Consumer Commission says.
The National Medical Commission has implemented new ethical advertising guidelines affecting doctors and hospitals. These guidelines prohibit the use of artificial intelligence for generating promotional content or testimonials. Measures have also been taken to restrict paid patient solicitation and misleading claims in advertisements. Strict penalties have been established for non-compliance, including warnings and license suspensions.
Higher EPS pension: Pensioners urge PM Modi to act
In the recent 57th GST Council meeting, West Bengal Finance Minister Swapan Dasgupta emphasized the crucial role of GST in bolstering state revenue. He noted the intended structural reforms aimed at streamlining the ease of doing business. These proposed adjustments look to enhance GST compliance and expedite refund processing. The Council is optimistic about implementing improvements to GST regulations and automating registration processes, rolling out changes progressively until 2027.
Kashmirs rooftop solar push hits a vendor credibility hurdle
Of 61,566 loan applications submitted under the scheme in Jammu and Kashmir, 17,416 have been rejected, including 14,232 in areas served by the KPDCL
Delhi's Barapullah Phase-III corridor is facing traffic congestion soon after opening, prompting the government to plan a U-turn near Gurudwara Bala Sahib, an additional lane between ITO and Sarai Kale Khan, better lane management and traffic-flow changes. The PWD is also reviewing the corridor's design and coordinating with Google over real-time navigation data.
From piano lessons to live gigs, India's jazz economy finds its groove
From piano and saxophone lessons to live gigs and jam sessions, jazz is creating a small but distinctive music economy in India. But learning it involves more than paying for classes
Gold prices have corrected sharply, but the fall may be creating an opportunity for investors. Heres the key price level to watch for those considering investing in gold ETFs, along with the factors that could influence prices ahead.
India's wind energy sector is poised for significant expansion, with annual installations projected to reach 13.2 GW by FY30-31. The current capacity stands at 59.2 GW, with an additional 43 GW under construction. Government officials emphasize ongoing policy support and increased project visibility as critical factors for growth. Manufacturing capacity is also expected to increase, highlighting India's ambition in the global wind turbine market.
Madhya Pradesh Travel Mart to Give Global Identity to State's Tourism Economy: CS Ashok Barnwal
MPTM 2026 spotlights MP tourism with 177 stalls, digital showcases, and rural experiences to attract international and domestic travellers.
Blackstones Siddharth Nawal set to take over as CEO of Nexus Select Trust
Siddharth Nawal will soon replace Dalip Sehgal as CEO of Nexus Select Trust in India. Nawal has worked with Blackstone in retail real estate for about ten years. Nexus Select Trust plans to expand its portfolio by acquiring more retail assets in India. The trust aims to grow its shopping center count from 19 to 30-35 malls by 2030.
Robert J. Burdettes famous 1883 quote, The world owes you nothing. It was here first, remains a sharp reminder about expectations, responsibility and the way people view what they deserve from life. The American humorist and lecturer first delivered the line as part of a lecture, with an early printed version appearing in The Morris Chronicle.
GST Council allows ITC refunds on capital goods, services in major reform
The GST Council has approved refunds of accumulated tax credits on input services from November 1 and plant and machinery from April 2027, alongside wider ITC eligibility for business expenses
GST Council Meeting 2026: The GST Council concluded that existing GST rates would remain unchanged. It further removed arrest authorities from tax officers while increasing the threshold for prosecution to Rs 5 crore. The Council introduced friendlier regulations for small sellers on e-commerce sites, as well as efforts to enhance tax compliance and registration processes. Collectively, these actions reflect a transformative approach favoring sellers within the GST framework.
Micro lenders urged to factor climate risks into rural credit decisions
Bharat Microfinance Report 2026 flags rising climate risks to rural credit as NABARD warns of potential rabi crop stress following a deficient monsoon and urges better underwriting
US has India as an ally and a target of investigation in the same manufacturing war
India has aligned itself with a US-led initiative aimed at mitigating global manufacturing overcapacity, joining 15 nations in this cooperative effort. This initiative raises questions about the future of Indias expanding manufacturing sectors, particularly in solar modules and steel. Meanwhile, a US investigation continues, with conclusions anticipated by March 2027, further complicating the landscape for Indias domestic manufacturing ambitions and regulatory legitimacy.
Why global investors are turning to Georgia for real estate opportunities in 2026
Alliance Group designates 2026 as a pivotal year for international stakeholders targeting Georgia's dynamic real estate landscape. The nation has witnessed substantial increases in residential property transactions, luring buyers from India and Europe. Tbilisi and Batumi stand out with impressive rental yields, while rising GDP and tourism profits bolster investment allure. Additionally, favorable policy adjustments cater to high-net-worth individuals keen on tapping into Georgian real estate opportunities.
RBI survey: Household inflation expectations hit 10% for next year
Indian households expect inflation to rise to 10 per cent over the coming year, driven by living expenses. The Reserve Bank of India has implemented monetary tightening to control this persistent inflation. A recent survey shows a significant increase in household inflation expectations compared to previous months. Many respondents believe food prices will escalate, contributing to overall inflation concerns.
In a recent vlog, Farah Khan explored the Ashiana Senior Living Resort, where Mandira Bedi showcasing the facilities available. Residents can enjoy everything from a vibrant gaming room to a dynamic clubhouse filled with activities. Watch as elegant three-bedroom flats are highlighted, exemplifying a senior community that promotes an active, engaging lifestyle, making it a wonderful option for leisure-driven seniors.
Tom Selleck's journey in acting wasn't always smooth; he faced unemployment before hitting it big with Magnum, P.I. Despite his fame, the shadow of uncertainty in job security loomed over him. He nurtures a 63-acre ranch in California, finding both solace and practicality in it. Selleck underscores the importance of hard work and his bond with the land, always optimistic about future roles.
GST Council ends GST officers' arrest powers; 10,000 limit for notices
GST Council ends GST officers' arrest powers; 10,000 limit for notices
SIR protest day 3: Rahul Gandhi says 300 MPs stopped, vows action against Modi, Shah, CEC, Bhagwat
The National Human Rights Commission is currently investigating serious allegations of sexual harassment involving three women journalists during a protest at Jantar Mantar on October 3. The Delhi Police have filed complaints and routed the case to their Crime Branch. Tensions escalated when demonstrators were detained for demanding an FIR, drawing significant attention from human rights groups concerned with the implications of these events.
Russia says reports of second case linked to Siberian plague lab are false
Russia's health regulator has denied claims of a second illness connected to a plague laboratory worker. The worker, Darya Shipilova, died from pneumonia recently, though the exact cause remains unclear. Russian authorities have assured that there is no risk of an epidemic arising from this incident. The World Health Organization has requested confirmation of media reports about another pneumonia case.
South Korea test-flies its first domestically developed hypersonic weapon
On Thursday, South Korea conducted its first flight test of a domestically developed hypersonic weapon. The weapon is designed to travel at least five times the speed of sound, increasing defense capabilities. President Lee Jae Myung attended the test and emphasized strengthening national security. This development follows escalating tensions with North Korea, particularly after recent mine explosions. North Korea has increased its weapons tests and rejected calls for resumed diplomacy.
May join CJP's Jantar Mantar protest on Oct 10, will decide later: Mamata Banerjee
Mamata Banerjee has signaled her intent to join a protest at Jantar Mantar on October 10, voicing strong criticisms against the BJP and the Election Commission for alleged electoral misconduct in West Bengal. She expressed her support for Congress leaders Rahul Gandhi and Priyanka Gandhi Vadra, highlighting their treatment during recent demonstrations.
8% growth creates new industries, and that is where alpha lies: Elaras Harendra Kumar
Who is Anne Carson, the Canadian author who won the 2026 Nobel Prize in Literature?
Anne Carson has received the 2026 Nobel Prize in Literature for her inventive body of work. She merges classical traditions with contemporary literature, creating new literary forms. Carson's career includes prominent books like Autobiography of Red and The Beauty of the Husband. Her achievements have earned her various prestigious awards and teaching positions across several universities. This recognition highlights her significant contributions to literature and scholarship.
The Bombay High Court is questioning former assistant police inspector Sachin Waze's use of luxury vehicles and hotel stays. Witness statements indicate that Waze drove high-end cars and stayed at a five-star hotel for months. The court is concerned about the source of his income, given his modest salary as an API. The National Investigation Agency argued for his continued detention, citing potential witness tampering.
Motilal Oswal Wealth MD & CEO Ashish Shanker explains 4C Framework for AIFs
Kandla Port courts global hydrogen firms for green-fuel, shipping projects
The Kandla Forum 2026, hosted by Deendayal Port Authority, brought together over 200 professionals from the clean-energy sector, both globally and locally, to foster investments in green fuel and innovative technologies. The forum focused on enhancing Kandla's green-hydrogen infrastructure for maritime applications, showcasing cutting-edge solutions through a technology exhibition.
US-Iran war remain a key source of uncertainty for bullion markets. Tehran has stepped up attacks on tankers in the Strait of Hormuz, just as oil shipments through the crucial energy chokepoint approach prewar levels. So far this month, UK Maritime Trade Operations has reported nine attacks.
Nobel Prize in Literature 2026 awarded to Canadian author Anne Carson
Canadian author Anne Carson has been awarded the 2026 Nobel Prize in Literature for her unique contributions. This prize, announced by the Swedish Academy, acknowledges her engaging interaction with classical traditions. The Nobel Prize in Literature is accompanied by a monetary award, a medal, and a diploma. Since its inception in 1901, the award has been given 119 times to 123 individuals.
A 36-year-old tech professionals possible move to the US has sparked a debate over whether higher nominal pay would translate into a better financial and career outcome. While he expects to save thousands of dollars each month in San Jose and sees potential for professional growth, Reddit users remain divided, with the L-1 visas employment restrictions adding another layer to his decision.
Mar-a-Lago face: Susan Dell, wife of Dell CEO, goes viral after White House appearance with Trump
Susan Dell and President Donald Trump recently appeared to promote Trump Accounts, providing investment funds for children. The initiative aims to distribute $1,000 in seed money to eligible newborns born between 2025 and 2028. Susan Dell encouraged families to claim these accounts, which are now available. Michael Dell highlighted the importance of financial support in a child's early life. The Dells committed a total of $6.
Govt seeks fishers views to frame National Plan of Action on small-scale fisheries
The Union Department of Fisheries is leading the consultation process, with the Bay of Bengal Programme Inter-Governmental Organisation (BOBP-IGO) facilitating and coordinating the exercise
TCS Q2 Net Profit Jumps 15% to Rs 13,884 Crore
Tata Consultancy Services (TCS) announced a 15 per cent increase in net profit, reaching Rs 13,884 crore for the September quarter, driven by an 11.22 per cent rise in revenue from operations.
Anand Mahindra expressed his condolences for the death of actor Nana Patekar on social media. Mahindra emphasized Patekar's cultural impact and distinct persona in Indian cinema. He noted that Patekar represented qualities such as individuality, authenticity, and humor. Many prominent figures from various fields mourned his passing, acknowledging his influence beyond the film industry. Patekar's last rites are scheduled to take place with full state honors in Pune.
Dalal Street Bloodbath: Sensex Crashes 1,045 Points, Nifty Hits Fresh 52-Week Low
The Indian stock market experienced a significant downturn, with the Sensex crashing over 1,000 points and the Nifty hitting a fresh 52-week low, driven by sustained selling from foreign institutional investors, the RBI's monetary policy tightening, and elevated Brent crude prices.
Keep UPI free, govt should withdraw proposed charges: GTRI
The Global Trade Research Initiative has urged the government to withdraw the proposed UPI charges set for October 15. Introducing fees on UPI transactions may adversely affect small businesses and consumer spending. Maintaining free UPI supports broader digital payments and benefits banks and payment apps. The anticipated changes could lead to higher prices for consumers and reduced earnings for merchants.
GTRI urges govt to keep UPI free
New Delhi: The government should withdraw the proposed UPI charges, scheduled to take effect on October 15, and keep the digital payment system free for merchants and consumers, economic think tank GTRI said on Thursday.It said that charging merchants could raise prices, squeeze small business earnings and weaken household demand.134779801The charges would also reduce UPI's price advantage over cards, benefiting US card networks and payment platforms, the Global Trade Research Initiative (GTRI) said, adding that an independent audit should establish and publish UPI's actual running costs.The government should withdraw the proposed UPI charges scheduled to take effect on October 15 and keep UPI free for merchants and consumers, said GTRI Founder Ajay Srivastava.Ending nearly six years of fully free UPI payments, the government has introduced a 0.4 per cent fee on transfers worth more than Rs 2,000 made to merchants through the platform from October 15, while explicitly ring-fencing everyday person-to-person transactions as well as small payments from any charge.Srivastava said that banks save on handling cash and operating ATMs and branches when customers use UPI, and payment apps gain customers' spending data and opportunities to sell loans, insurance and mutual funds in a market serving more than 55 crore Indians.The government, he said, benefits from wider digital payments and greater visibility of economic transactions.These benefits support the case for sharing UPI's running costs. If these institutions fund the system, UPI can remain free and preserve its advantage over cards. Charging merchants reduces that advantage and creates commercial opportunities for competing payment networks, he said.He added that PhonePe and Google Pay, which together handle more than 80 per cent of UPI transactions, could earn a share of merchant fees if the fee-sharing arrangement provides for it.Their market dominance would give them a large potential base for such earnings, Srivastava said, adding, Visa and Mastercard could benefit when UPI loses part of its price advantage. Free UPI allows merchants to receive the full payment. An MDR reduces that benefit and could make cards more competitive. The card networks also seek access to UPI comparable to that enjoyed by RuPay credit cards.India should resist US pressure to weaken UPI, drawing on Brazil's defence of Pix, its domestic digital-payment system, he said, adding that UPI's affordability and widespread acceptance are economic strengths that India should preserve.Further, he said that annual UPI payment value exceeded 91 per cent of India's GDP last year, indicating the system's reach, but the proposed fees could affect the economy beyond the transactions directly charged.Higher prices would leave households with less money for other purchases. Where competition prevents price increases, farmers, vendors and businesses would absorb the cost through lower earnings, the GTRI Founder said.He added that weaker earnings and demand could lead firms to buy less stock, postpone investment and hire fewer workers.
The state of Maharashtra has unveiled a carefully planned approach allowing bike-taxi operators to shift to electric vehicles over a span of nine months. This effort is designed to facilitate the transition for drivers while building a controlled bike-taxi system. Union Minister Nitin Gadkari noted the considerable employment potential that bike-taxis could bring throughout the nation.
India on track to double economy to $8 trillion in a decade as structural reforms bear fruit: Report
India's economy could double to more than USD 8 trillion over the next decade, Global investment firm KKR said, believing structural reforms can pay off. The economy has now crossed USD 4 trillion, and we think it is on track to double again over the next ten years, KKR said in its October 2026 Thoughts From the Road Europe and Asia report. According to KKR, India's growth story is far from over and there is still meaningful upside to be unlocked from reforms already on the books, not just from new ones yet to come.
Satcom security clearance pending with MHA: MoS
Who is Nana Patekar's son Malhar Patekar? His education, qualification and career
Nana Patekars son Malhar Patekar has mostly stayed away from the spotlight despite having his own connection to films. A commerce graduate from Mumbais Saraswati Mandir High School, Malhar has worked as an assistant director and also appeared as a child artist and actor. Heres a look at his education, film career and why he chose a quieter path than his famous father.
Withdraw UPI Charges, Says GTRI
Economic think tank GTRI has urged the Indian government to withdraw the proposed UPI charges, set to begin on October 15, arguing that the digital payment system should remain free for merchants and consumers. GTRI warns that these charges could lead to higher prices, reduced earnings for small businesses, and weakened household demand, while also benefiting international card networks by eroding UPI's price advantage. The think tank also called for an independent audit of UPI's running costs.
Is India's inflation problem spreading beyond food and fuel prices?
India's inflation rose to 4.8% in August from 3.4% in March, with food and fuel leading the rise, while core prices and services are now showing signs of wider pressure
RPG Group exploring possibility to set up greenfield tyre plant in MP
RPG Group is exploring the establishment of a greenfield tyre plant in Madhya Pradesh for expansion. Chairman Harsh Goenka mentioned that they already have a facility in Jabalpur, which they aim to augment. A meeting with Chief Minister Mohan Yadav was held to discuss this potential new project. Details about the capacity and investment for the proposed facility are still being worked on.
Bella Hadid is turning 30 in 2026 and has established herself as a leading fashion model. She achieved significant success after signing with IMG Models in 2014, quickly rising to fame. Besides her modeling career, she co-founded Kin Euphorics and launched a fragrance brand called Orebella. Bella's younger years included hopes of becoming an Olympic equestrian before health issues changed her path.
Sean Diddy Combs' projected release date has been moved to March 2, 2028, from January 21, 2028. This change follows reports of his alleged access to prohibited items while incarcerated, including cellphones and alcohol. Combs was reportedly placed in solitary confinement, which is also known as the Special Housing Unit. The Bureau of Prisons has not confirmed the reasons behind the change in release date.
Setting up of logistics authority important to strengthen multimodal connectivity: Experts
The government's approval to establish the Integrated Transport and Logistics Authority supports efficient transport and logistics planning. Experts emphasized that improved coordination across transport modes can reduce logistics costs significantly. This authority will monitor projects and improve investment efficiency in various sectors. Proper planning will help businesses make informed decisions regarding dispatch and mode of transport.
Ashish Khandelia on Basic Rules of Real Estate Private Credit
Ashish Khandelia on Basic Rules of Real Estate Private Credit
US universities challenge new CPT restrictions
Universities and higher education institutions in the US have challenged the new restrictions on Curricular Practical Training (CPT) for international students, arguing that the policy was introduced abruptly and changes how schools previously interpreted CPT eligibility. In August, the Student and Exchange Visitor Program (SEVP), which is part of the US Immigration and Customs Enforcement (ICE), issued two broad messages to schools, outlining a narrower interpretation of the requirements for F-1 students seeking CPT, according to Yale University's Office of International Students & Scholars.Also Read: US' University of Colorado Denver gets UGC nod to set up campus in HyderabadUnder the new interpretation, Designated School Officials can authorise CPT for an internship or other practical training only when it is required for all students in the degree programme to complete their degree.The interpretation is narrower than the guidance universities had previously relied on to approve CPT. Yale said its Office of International Students & Scholars has followed the new interpretation since August 24. It is now processing CPT requests only when the practical training is an integral part of an established curriculum and is required for all students in the programme to complete their degree. Also Read: New Zealand student visa approvals for Indians fall to 49.3% in 2026: INZ dataThe university has also been working with individual schools and programmes to ensure they are revising their programmes to meet the new requirements. The policy has now been challenged in court. On October 5, the Association of American Universities, NAFSA: Association of International Educators, the Presidents' Alliance on Higher Education and Immigration and the Association of Independent Colleges and Universities in Massachusetts filed a lawsuit in the US District Court for the District of Massachusetts.The groups are objecting to the government's implementation of the SEVP broadcast messages. Yale said it is monitoring the litigation and will provide updates as the case progresses.Yale has recommended everyone who has a pending CPT request or is considering practical training to meet with their assigned international student adviser prior to beginning work.Students are not allowed to report for CPT until authorized and updated Form I-20 has been issued.
RBI rate hike: What lies ahead for the economy
More rate hikes are coming. The question is how much
India launches subsidy probe on Chinese insoluble sulphur imports
Investigation to examine whether Chinese producers and exporters have benefited from government subsidies that are causing material injury to the Indian industry
Mumbai nutritionist Vanshika Khurana has revealed a recipe for a spicy podi, which enhances various meals. This South Indian dry spice blend can be easily incorporated into dishes such as dosa and dal-chawal. The preparation involves roasting multiple ingredients, including flax seeds, chana dal, and curry leaves, to create a flavorful seasoning. The podi is said to be rich in essential minerals, making it a nutritious addition to meals.
The Confederation of Indian Alcoholic Beverage Companies opposes Karnataka's increased taxation on Indian-Made Liquor. Recent data shows steady revenue growth for IML, despite lower volume increases. Meanwhile, beer consumption has surged, but tax revenues remain low, causing concern among industry stakeholders. CIABC suggests a more balanced taxation approach between different alcoholic beverages. This situation highlights the importance of revising alcohol-related policy based on actual consumption patterns.
Deposit rate hikes unlikely for 3 months; RBI action to help NIMs: SBI chairman C S Setty
State Bank of India Chairman C S Setty stated there will be no deposit rate hikes for the next three months. He cited sufficient liquidity in the system as a key reason for this prediction. Setty mentioned that credit growth is expected to sustain at 14 to 15 percent over time. He emphasized that banks need to ensure positive real interest rates for depositors amid rising inflation.
Govt set to cap trade margins on more cancer drugs before SC hearing
The Indian government plans to announce a new list of cancer drugs for trade margin rationalisation today. Union Health Minister JP Nadda will make the announcement just ahead of a Supreme Court hearing on October 12. This decision comes after concerns regarding the price gap between retailer prices and MRP of some cancer medications. Trade margins were capped previously, leading to significant price reductions on several anti-cancer drugs.
Celebrity photographer Atul Kasbekar has recalled an unusual memory of late actor Nana Patekar, revealing that the veteran actor had kept a stack of firewood ready for his own funeral years before his death. Patekar reportedly wanted the wood to remain dry, joking that wet wood would create smoke and make people cry at his cremation. Kasbekar also remembered Patekars generosity, sharp wit and warm nature.
Starlink Ready for India Launch, Awaits Final Go-Ahead
'We are ready to help Prime Minister Modi achieve his vision of 100 per cent connectivity throughout India -- a vision all of our company, including Elon, shares,' Lauren Dreyer, vice-president of Starlink business operations at SpaceX, said at the pre-business day of the India Mobile Congress in New Delhi.
Government employees covered by GPF and eligible private-sector employees under EPF can access their savings before retirement, but the two schemes differ in how advances or withdrawals work. Heres a look at the key differences in eligibility, withdrawal limits, repayment and other provisions.
