•The government has allowed banks to charge for UPI transactions above ₹2,000 through a new notification.
•RuPay debit cards and UPI transactions up to ₹2,000 are exempt from charges.
•The National Payment Corporation of India will decide on merchant discount rates for UPI transactions.
•The EU will allow 2.5 lakh Indian cars at 8% duty, rising to 4 lakh in 10 years under a free trade agreement.
•Concessional duty will decrease to 6% in year 2, 4% in year 3, 2% in year 4, and zero in year 5.
•EU will allow 27,500 BEVs and PHEVs at 8% duty from year 5, increasing to 1.25 lakh in year 14.
•EU will provide quota-based duty concessions on Indian origin agricultural and processed food items, including table grapes and ghee.
Microsoft released a 15,000-word manifesto guiding AI development, prioritizing human control and safety.
AI models should not have rights or legal personhood, according to Microsoft's new principles.
The Humanist AI Code of Conduct rejects creating superintelligent AI that could evade safeguards.
Microsoft invites outside feedback on the document, which will guide model development starting next year.
The 10-year US Treasury yield hit 5% on Monday, its highest since 2023, amid surging oil prices and global bond sell-off.
The move marks a setback for US Treasury Secretary Scott Bessent, who sought to drive yields lower through bond buybacks.
Brent crude crossed $109 a barrel, raising inflation concerns ahead of the Federal Reserve decision.
The 10-year gilt yields also rose to 5.42%, their highest level since 2007.
•Lenskart invested Rs 8 Cr in Dimension NXG, increasing its stake to 9.01%.
•This is Lenskart's third stake purchase in Dimension NXG this year, totaling Rs 18.5 Cr.
•The investment supports Lenskart's smart eyewear focus and strategic association with XR and AI tech.
•Lenskart first invested in AjnaLens in July 2025 to develop AI-powered smart glasses.
•Emami's board meets on Sep 17 to consider buying back shares.
•Size and price of proposed buyback not disclosed by the company.
•Emami's FY26 revenue was Rs 3,048.26 crore, shares closed at Rs 364.35 on Friday.
Retail inflation in India rose to 4.82% in August, surpassing the 4.17% estimate.
Food inflation accelerated to 5.95% from 5.52% in July, with rural food inflation at 6.13%.
Core CPI inflation rose to 4.2% in August, slightly above the 4.17% estimate.
Housing inflation increased to 2.61% in August, while clothing and footwear inflation rose to 3.56%.
India and MERCOSUR launched talks to expand their Preferential Trade Agreement (PTA) signed in 2004.
Both sides signed a protocol for electronic Certificates of Origin to facilitate paperless trade and modernize customs procedures.
The move aims to reduce transaction costs, processing time, and improve efficiency in preferential trade under the existing PTA.
India and MERCOSUR have a collective economy of $2.94 trillion, making them a significant trading partner.
Waaree Renewable Technologies set up Aurovault Data Centers Private Ltd as a wholly owned subsidiary.
Aurovault will operate in data centre business, with 100% share capital held by Waaree Green Data Centers.
Company's objects include establishing data centres, hyperscale data centres, and cloud infrastructure facilities in India and abroad.
Aurovault is based in India and was established on September 14, 2026.
Solar Industries' subsidiary to acquire South Africa's Omnia Holdings for ₹12,951 crore ($1.355 billion) in cash.
Acquisition aims to expand global commercial explosives and blasting solutions platform, expected to close in early to mid-2027.
Omnia Holdings' turnover: $1.41 billion (2025-26), $1.25 billion (2024-25), $1.18 billion (2023-24).
Solar Industries' Q1 net profit jumps 92.7% to ₹652.6 crore, revenue increases 71.2% to ₹3,688.2 crore.
Bite-sized news, sorted by newest first
•The government has allowed banks to charge for UPI transactions above ₹2,000 through a new notification.
•RuPay debit cards and UPI transactions up to ₹2,000 are exempt from charges.
•The National Payment Corporation of India will decide on merchant discount rates for UPI transactions.
•The EU will allow 2.5 lakh Indian cars at 8% duty, rising to 4 lakh in 10 years under a free trade agreement.
•Concessional duty will decrease to 6% in year 2, 4% in year 3, 2% in year 4, and zero in year 5.
•EU will allow 27,500 BEVs and PHEVs at 8% duty from year 5, increasing to 1.25 lakh in year 14.
•EU will provide quota-based duty concessions on Indian origin agricultural and processed food items, including table grapes and ghee.
Microsoft released a 15,000-word manifesto guiding AI development, prioritizing human control and safety.
AI models should not have rights or legal personhood, according to Microsoft's new principles.
The Humanist AI Code of Conduct rejects creating superintelligent AI that could evade safeguards.
Microsoft invites outside feedback on the document, which will guide model development starting next year.
The 10-year US Treasury yield hit 5% on Monday, its highest since 2023, amid surging oil prices and global bond sell-off.
The move marks a setback for US Treasury Secretary Scott Bessent, who sought to drive yields lower through bond buybacks.
Brent crude crossed $109 a barrel, raising inflation concerns ahead of the Federal Reserve decision.
The 10-year gilt yields also rose to 5.42%, their highest level since 2007.
•Lenskart invested Rs 8 Cr in Dimension NXG, increasing its stake to 9.01%.
•This is Lenskart's third stake purchase in Dimension NXG this year, totaling Rs 18.5 Cr.
•The investment supports Lenskart's smart eyewear focus and strategic association with XR and AI tech.
•Lenskart first invested in AjnaLens in July 2025 to develop AI-powered smart glasses.
•Emami's board meets on Sep 17 to consider buying back shares.
•Size and price of proposed buyback not disclosed by the company.
•Emami's FY26 revenue was Rs 3,048.26 crore, shares closed at Rs 364.35 on Friday.
Retail inflation in India rose to 4.82% in August, surpassing the 4.17% estimate.
Food inflation accelerated to 5.95% from 5.52% in July, with rural food inflation at 6.13%.
Core CPI inflation rose to 4.2% in August, slightly above the 4.17% estimate.
Housing inflation increased to 2.61% in August, while clothing and footwear inflation rose to 3.56%.
India and MERCOSUR launched talks to expand their Preferential Trade Agreement (PTA) signed in 2004.
Both sides signed a protocol for electronic Certificates of Origin to facilitate paperless trade and modernize customs procedures.
The move aims to reduce transaction costs, processing time, and improve efficiency in preferential trade under the existing PTA.
India and MERCOSUR have a collective economy of $2.94 trillion, making them a significant trading partner.
Waaree Renewable Technologies set up Aurovault Data Centers Private Ltd as a wholly owned subsidiary.
Aurovault will operate in data centre business, with 100% share capital held by Waaree Green Data Centers.
Company's objects include establishing data centres, hyperscale data centres, and cloud infrastructure facilities in India and abroad.
Aurovault is based in India and was established on September 14, 2026.
Solar Industries' subsidiary to acquire South Africa's Omnia Holdings for ₹12,951 crore ($1.355 billion) in cash.
Acquisition aims to expand global commercial explosives and blasting solutions platform, expected to close in early to mid-2027.
Omnia Holdings' turnover: $1.41 billion (2025-26), $1.25 billion (2024-25), $1.18 billion (2023-24).
Solar Industries' Q1 net profit jumps 92.7% to ₹652.6 crore, revenue increases 71.2% to ₹3,688.2 crore.
