The Insurance Regulatory and Development Authority of India (Irdai) on Wednesday proposed a phased reduction in the expenses of management (EoM) limits for insurers, with life insurers required to bring company-level EoM down to 15 per cent of gross direct premium income (GDPI) within two years and 12.5 per cent within five years.

Traders and business associations across India have announced a “No UPI Day” on October 2 to protest the 0.4 per cent merchant discount rate (MDR) on Unified Payments Interface (UPI) transactions above ₹2,000 from October 15.

They plan to cover UPI scanners, QR codes, sound boxes and other related devices with black cloth as a mark of protest on October 2, which is also observed as Gandhi Jayanti across the country.

Today's market debut has propelled National Stock Exchange (NSE) among India's most valuable companies and firmly established it as the country's biggest listed exchange by market capitalisation (m-cap). Valued at ₹4.45 trillion on listing, NSE is now worth twice the combined m-caps of BSE, Multi Commodity Exchange (MCX) and India Energy Exchange (IEX), India's other listed exchange businesses.

Indian Railways has commissioned Kavach Version 4.0 for the first time on the South Central Railway (SCR), marking the next phase in its rollout of the indigenous Automatic Train Protection (ATP) system.

The upgraded automatic train protection system is now operational across 108 route kilometres on the Malkajgiri–Kamareddi section of the Hyderabad Division.

The Election Commission of India (ECI) on Wednesday said its internal notes, observations and differing views were part of its standard decision-making process and that its final decisions over the past year had been unanimous, after an investigation by The Indian Express claimed that two Election Commissioners had repeatedly objected to key steps concerning electoral rolls.

All banks, including Regional Rural Banks, will remain open on Sunday for the convenience of customers in view of a strike called by the United Forum of Bank Unions (UFBU), the finance ministry said in a statement on Wednesday.

The UFBU, which claims to represent 90 per cent of the banking workforce, is set to go on a three-day strike beginning September 28, primarily seeking a 5-day banking week, among other demands.

The Reserve Bank on Wednesday absorbed Rs 75,026 crore from the banking system through an overnight variable rate reverse repo (VRRR) auction amid surplus liquidity.

The central bank received bids worth Rs 87,993 crore for a notified amount of Rs 75,000 crore, but it accepted only Rs 75,026 crore, according to the notification.

Hero Motors shares made a weak debut on the exchanges on Wednesday as they listed below the IPO price, in line with the grey market expectations.

Hero Motors shares listed at a discount on both BSE and NSE. The share opened 2.26 per cent lower at ₹82.10 on BSE and 2.38 per cent lower on NSE at ₹82.

To the outside world, the developments at the September 17 Tata Sons board meeting must have come as a rude shock, going by the numerous accounts of the three-hour-long spectacle at the storied Bombay House. However, the holding company Tata Sons and its largest shareholder Tata Trusts seem to have anticipated how the board meeting was likely to proceed that day. It is learnt that both sides were armed with their respective arguments on several facets of the Tata Sons Articles of Association (AoA).

The Telecom Regulatory Authority of India (Trai) has released the Telecom Consumer Protection (Thirteenth Amendment) Regulations, 2026, mandating telecom operators to offer more voice and SMS-only recharge options. The regulations require operators to provide STVs with appropriate tariff reductions for consumers who do not need bundled data services.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.