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BusinessPhoto: Business Standard

NMC Healthcare Founder B R Shetty Sues Bank of Baroda for $15 Billion

B R Shetty, founder of NMC Healthcare, has filed a $15 billion lawsuit in Bombay High Court against Bank of Baroda and 25 others. He alleges the bank and former NMC executives facilitated fund diversion, hid liabilities, and pursued him on forged guarantees. Shetty seeks $5 billion each for direct and consequential damages, plus $5 billion for reputational loss, with 18% annual interest. The suit names multiple individuals and entities linked to diverted assets.

Business Standard··Mumbai

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BusinessPhoto: TOI Business

NPCI Delays MDR Rollout on UPI Transactions Until After Diwali

The National Payments Corporation of India (NPCI) has postponed the implementation of the merchant discount rate (MDR) on select UPI transactions until after Diwali. This decision comes amid industry pushback. NPCI stated on Tuesday that a new implementation date will be announced separately.

TOI Business·

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SportsPhoto: HT Sports

NFL Suspends Bears DE Montez Sweat for Two Games

The NFL has suspended Chicago Bears defensive end Montez Sweat for two games without pay due to a violation of the league's performance-enhancing substances policy. Sweat will miss the Bears' games against the Atlanta Falcons and New England Patriots. He will be eligible to return on October 23, after the Week 7 game against the Patriots. Further details on the violation have not been disclosed.

HT Sports··Chicago

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WorldPhoto: Deccan Herald

Bengaluru Student Drowns in Hesaraghatta Lake

A 20-year-old BCA student named Harshashekhar drowned in Hesaraghatta Lake while swimming with friends in Bengaluru. He had told his family he was attending a Ganesha festival event but went to the lake with six friends. Unable to swim, he began drowning around 3 pm. His body was recovered by divers the next day and sent for post-mortem. Police registered an unnatural death case.

Deccan Herald··Bengaluru

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PoliticsPhoto: Deccan Herald

Man kills nephew over Rs 12 lakh in Hesaraghatta

In Hesaraghatta, Bengaluru, a 45-year-old man named Mohan allegedly killed his 15-year-old nephew Krishna, a Class 10 student, over Rs 12 lakh in the boy's bank account. The attack occurred around 10:30 pm while Krishna was asleep. Mohan, reportedly intoxicated, surrendered to police and was taken into custody. The incident sparked outrage among villagers demanding strict punishment.

Deccan Herald··Bengaluru

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TechnologyPhoto: TOI Business

Apple Launches Three New Devices to Boost Smart Home Market

Apple has introduced three new devices—HomeView, HomePod mini 2, and Apple TV 4K—in a renewed effort to expand its presence in the smart home market. The company aims to extend its Siri AI beyond smartphones and compete more effectively with Amazon and Google, where it has previously struggled to gain significant traction despite its strong premium electronics presence.

TOI Business·

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