Business Brief:Phones, TVs won’t work if EMI unpaid; Aadhaar update gets costlier by ₹25; court rejects Anil Ambani’s plea to remove fraud tag

Here’s a recap of major business news headlines on Friday and a brief outlook on today’s key events. During the Kautaliya Economic Conclave in New Delhi on Friday, Union Finance Minister Nirmala Sitharaman said that India’s GDP growth will have limited impact from the current global economic turmoil. She said, India is capable of withstanding external pressure and handling trade and energy concerns. Meanwhile, the Unique Identification Authority of India (UIDAI) has increased the Aadhaar update fee to ₹25 from October 1. This fee will apply until Sept 30, 2028. After this, post a review, the fee could change for the period Oct 1, 2028 to Sept 30, 2031. Today’s Top Developments To Watch Here Are Friday’s Top Developments 1. RBI proposes changes in India’s loan market: Soon, banks won’t allow you to use products if you miss EMI payments The Reserve Bank of India (RBI) will implement a system where certain premium products and services like mobile phones and TVs purchased on loan can be shut down remotely if consumers don’t pay EMIs, The aim is to make recovery of small loans by lenders easier following RBI’s talks with banks and financial institutions. Click here to read the full news. 2. Updating Aadhaar details becomes more expensive: Now pay ₹75 fees for name address change; services for children remain free The Unique Identification Authority of India (UIDAI) has increased the Aadhaar update fee by up to ₹25 for the period Oct 1, 2025, to Sept 30, 2028. A new fee will be implemented for the period Oct 1, 2028, to Sept 30, 2031, post a review. Click here to read the full news. 3. ‘India can handle external pressures’, says Sitharaman: Not just global turmoil, it is well-prepared to handle all trade and energy concerns, she asserts Union Finance Minister Nirmala Sitharaman said that the current global turmoil will have limited impact on India’s GDP growth. She said India is capable of withstanding all external pressures and dealing with trade and energy concerns. Sitharaman stressed that India aims to become a developed economy by 2047. Click here to read the full news. 4. Govt to create regulator for online gaming: The draft Gaming Bill 2025 proposes banning money games, promoting social games The Ministry of Electronics and IT today, October 3, released the draft ‘Promotion and Regulation of Online Gaming Rules, 2025’. The Bill provides the rules for the Online Gaming Act, 2025 passed by Parliament on August 22, effective since October 1. 5. Bombay HC dismisses Anil Ambani’s petition to remove fraud tag: The industrialist is accused of ₹2,929 crore SBI loan fraud The Bombay High Court on October 3 refused to hear industrialist Anil Ambani’s petition against SBI. The petition had challenged the State Bank of India’s (SBI) decision declaring Reliance Communications accounts with the bank as ‘fraudulent’. Click here to read the full news. 6. Banks to roll-out same-day cheque clearance facility on Oct 4: HDFC, ICICI to clear cheques within a few hours starting Saturday in select cities The Reserve Bank of India (RBI) has rolled out the same-day cheque clearance facility from October 4. Currently, it takes up to 2 days for cheque clearance. Click here to read the full news. Know The World’s Top 10 Richest People: Know Friday’s Stock Market Performance and Gold and Silver Prices Stock Market Update (October 3, 2025) Gold and Silver Prices (October 3, 2025) Check the Latest Prices of Petrol, Diesel and Domestic Gas Cylinders ​