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BusinessIndian Bank MD and CEO Binod Kumar stated the bank is considering waiving the 0.28% Merchant Discount Rate (MDR) on UPI transactions. He noted the bank currently earns nothing from UPI, which has helped reduce manpower and cash handling. The board will decide on the waiver. Kumar added MDR's introduction is positive but unlikely to significantly impact bank profits.
NDTV Business·
ScienceMinister O.J. Janeesh emphasized that Keralam's history is incomplete without Kasaragod's heritage. Speaking at the Kasaragod Archaeological Survey 2026 inauguration in Nileshwaram, he highlighted the government's 100-day action plan to identify and document the district's archaeological sites. Kasaragod, known as the 'Land of Forts,' has historical roots dating back to the Stone Age, featuring Megalithic monuments, Iron Age caves, and umbrella stones.
The Hindu··Nileshwaram
BusinessCommerce Minister Piyush Goyal met Australian Trade Minister Don Farrell during the G20 Trade Ministers’ Meeting in Milwaukee, Wisconsin, to discuss expediting the India-Australia Comprehensive Economic Cooperation Agreement. They focused on collaboration in pharmaceuticals, services, investment, agri-tech, and critical minerals, and reviewed progress on the Economic Cooperation and Trade Agreement to enhance duty-free access for Indian businesses in Australia.
Deccan Herald··Milwaukee
BusinessThe National Company Law Tribunal (NCLT) rejected Uniton Infra's plea to initiate insolvency proceedings against Shapoorji Pallonji & Co. The case involved an alleged Rs 4.31 crore default related to road resurfacing work in Nellore. The tribunal ruled that one invoice was protected by the Covid-era bankruptcy filing ban, and the remaining claim was below the Rs 1 crore minimum threshold.
Economic Times··Nellore
WorldAuthorities in Kochi will continue inspections at multiplexes in October following complaints of food overpricing. Joint inspections by Legal Metrology, Civil Supplies, and Food Safety departments found violations, including inaccurate food quantities. Notices were issued to offending establishments. Rajesh Sam, Controller of Legal Metrology Kerala, stated no fixed price enforcement exists but inspections will ensure compliance and action against malpractices.
The Hindu··Kochi
WorldIn 2019, a Maryland family relocated the 255-year-old Galloway House about 50 miles across Chesapeake Bay by barge to save it from demolition. The 400-ton mansion was carefully lifted and moved in phases starting September 2019. After reaching its new waterfront site in Queenstown, restoration began to preserve its historic features.
TOI World··Queenstown
NDTV Business·
Indian Bank MD and CEO Binod Kumar stated the bank is considering waiving the 0.28% Merchant Discount Rate (MDR) on UPI transactions. He noted the bank currently earns nothing from UPI, which has helped reduce manpower and cash handling. The board will decide on the waiver. Kumar added MDR's introduction is positive but unlikely to significantly impact bank profits.
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