August 13, 2025
Legislators Form Assembly Body to Boost MSMEs and Drive Economic Growth Through Section 12 Powers
A group of legislators representing 20 industrial centers in Uttar Pradesh has formed an assembly-level body to support micro, small, and medium enterprises (MSMEs) and promote economic growth. Modeled after a similar parliamentary group at the national level, this new group aims to leverage legislative powers to address systemic issues faced by MSMEs. The group seeks to facilitate cooperation between political leadership and MSMEs to overcome institutional inertia and promote formalization and expansion of small businesses. A national MSME federation will provide secretariat support to the group, replicating its role at the central level. The initiative reflects a political commitment to using legislative mechanisms to resolve longstanding challenges confronting MSMEs and enhance the state's economic development.
August 13, 2025
REITs Distribute Rs 1,559 Crore in Q1 FY 2025-26, Marking 13% Yearly Growth in Returns
Four publicly listed real estate investment trusts collectively distributed Rs 1,559 crore to over 270,000 unit holders in the first quarter of fiscal year 2025-26, representing a 13% increase from the previous year. These trusts manage more than 129 million square feet of Grade A office and retail space and have cumulatively paid out over Rs 24,300 crore since inception. Their combined market capitalization exceeded Rs 1 lakh crore as of July 30, 2025, with total assets under management reaching approximately Rs 1.63 lakh crore by the end of the previous fiscal year. The Indian REITs Association, supported by regulatory authorities, recognizes these trusts as founding members, highlighting the sector's continued growth and commitment to providing stable cash flows to investors.
August 13, 2025
Supreme Court Upholds Election Commission's Power for Special Intensive Revision Under Section 21(3) of RP Act
The Supreme Court upheld the Election Commission's authority to conduct a special intensive revision (SIR) of electoral rolls in Bihar, rejecting claims that the exercise lacked legal basis. The court emphasized that electoral rolls cannot remain static and must be revised to remove names of deceased or migrated voters. It cited Section 21(3) of the Representation of the Peoples Act, granting the Election Commission discretion to direct special revisions as deemed necessary. The court recognized the Commission's residual constitutional power under Article 324 and noted that the addition of the term "intensive" did not alter the legal framework. Challenges raised about exclusionary practices, including non-acceptance of Aadhaar and removal of online search features, were addressed, with the court observing that increased document requirements could be inclusionary. The court affirmed the Commission's role in managing electoral roll inclusions and exclusions and allowed the revision process to continue.
August 13, 2025
Nearly 4,900 Residents Pledge Organ Donation in 10 Days Using Digital Registration Methods
Nearly 4,900 residents of a district in Maharashtra have pledged to donate their organs within ten days as part of a government campaign promoting organ donation. The local health authorities have streamlined the registration process by enabling online pledges through QR code scanning or a dedicated website, requiring identification via Aadhaar or a linked mobile number. Upon completing the pledge, participants can download a certificate. The campaign runs from early to mid-August, aiming to increase public participation in organ donation through simplified digital procedures.
August 13, 2025
Industry Summit Highlights AI, Hybrid Workplaces, and Next-Gen Audiovisual Tech with Expert Training and Networking
A major industry summit in India will focus on emerging technologies such as artificial intelligence, hybrid workplaces, and next-generation audiovisual solutions. The event will feature expert-led sessions, workshops, and panel discussions addressing AI integration, cybersecurity, digital signage, and immersive experiences across sectors including enterprise, education, government, and media. Collaborations with industry associations and government bodies aim to address sector-specific challenges. A notable component includes the first in-person certification training for audiovisual professionals in India, enhancing workforce skills. The summit offers opportunities for networking, practical training, and strategic insights to prepare professionals for the evolving digital landscape. Attendance is free for registered visitors, with fees applicable to select training courses.
August 13, 2025
NFRA and IICA Launch Certification Course for Audit Committee Members and Independent Directors to Boost Governance
The National Financial Reporting Authority and the Indian Institute of Corporate Affairs launched a second four-month certification course for audit committee members and independent directors, following a Memorandum of Understanding signed in October 2024. The program aims to enhance corporate governance by providing specialized knowledge and practical skills in financial statement analysis, risk management, corporate governance, and regulatory compliance. The course includes an optional module for non-finance professionals and a mandatory module covering internal controls, audits, fraud risk management, ESG, and sustainability reporting. This initiative supports NFRA's mandate to promote awareness of accounting and auditing standards and improve audit quality through education and training. The program reflects a commitment to transparency, accountability, and long-term sustainability in corporate operations.
August 13, 2025
Seven Infrastructure Projects Approved to Boost Connectivity and Support Industries Under PM MITRA Scheme
The Network Planning Group reviewed seven infrastructure projects across railways, roads, logistics, and textiles for compliance with integrated multimodal connectivity and government coordination principles. Railway projects include additional lines in Bihar, Tamil Nadu, and between Chhattisgarh and Maharashtra to enhance freight and passenger capacity, benefiting industrial sectors and regional development. The road project involves widening a highway in Madhya Pradesh to improve freight movement for cement and coal industries. A Multi-Modal Logistics Park in Telangana is planned to increase cargo handling capacity and connectivity to major freight corridors. Two textile parks under the PM MITRA scheme in Madhya Pradesh and Tamil Nadu aim to support the full textile value chain, boost employment, and enhance global competitiveness. The projects collectively seek to improve logistics efficiency, reduce travel times, and promote socio-economic growth in their respective regions.
August 13, 2025
Over 15 Million Pledges to End Rote Learning and Promote Critical Thinking in Schools Nationwide
A nationwide educational initiative led by a prominent learning systems company has secured over 15 million pledges to end the practice of rote learning in schools across India. The movement aims to align with national education policy goals by promoting deep conceptual understanding and critical thinking skills among students. It addresses longstanding concerns that rote memorization hampers student preparedness for modern careers, particularly in smaller towns and cities. The organization behind the campaign operates in thousands of schools and serves millions of students and teachers, emphasizing research-based curricula and technology to improve educational outcomes. The campaign invites broad participation from educators, policymakers, parents, and students to support a shift toward meaningful learning and skill development.
August 13, 2025
Private University Business School Appoints New Director to Lead MBA Program with Focus on Tech and Entrepreneurship
A private university's business school appointed a new director with extensive academic leadership experience, including prior directorship at a premier management institute. The appointee, an expert in organizational behavior and knowledge management, will oversee the flagship accredited MBA program featuring specializations in emerging business technologies and entrepreneurship. The university highlighted the director's proven track record in academic and industry collaborations, emphasizing her role in advancing the institution's mission to blend academic rigor with practical relevance. The appointment aims to strengthen the school's position in developing global business leaders equipped to address rapid technological and market changes.
August 13, 2025
Deemed University Hosts 2025 Freshers' Ceremony Emphasizing Skills, Discipline, and Holistic Education
A deemed university in Chennai held its 2025 Freshers' Inauguration Ceremony attended by over 12,000 students and parents. The event featured a keynote address by a prominent media personality who emphasized accountability, adaptability, and communication skills for student success. University leadership highlighted the importance of utilizing advanced facilities, balancing academics with extracurricular activities, and maintaining discipline. They also stressed holistic education, industry-relevant programs, career training, and parental involvement in student development. The institution offers over 100 recognized programs across various disciplines and holds multiple accreditations, including NAAC A++ and NBA, with strong placement records and national rankings. The ceremony concluded with a community lunch, reinforcing the university's commitment to fostering a supportive academic environment.
August 13, 2025
Tech Firm Reports Q1 Loss Amid EV Market Growth, Plans New Plant Launch by October 2025
A technology company specializing in electric vehicle charging and critical power solutions reported a consolidated revenue of INR 205.3 crore and an EBITDA margin of -18.8% for Q1 FY26, with an adjusted loss after tax of INR 71.1 crore, while its standalone adjusted profit after tax was INR 1.1 crore. Despite a subdued quarter, the company holds a robust order book exceeding INR 1,500 crore entering Q2. The company highlighted growth in the electric vehicle market, expansion in Southeast Asia, and progress in strategic investments, including a global subsidiary focused on EV chargers. Delays in critical power projects impacted revenue, but key projects have now commenced. The company anticipates improved performance from Q2 onwards, supported by industry tailwinds, new product launches, and operational momentum, with plans to commence operations at a new manufacturing plant by October 2025.
August 13, 2025
Global Firm Commits to Creating One Million Impact-Sourcing Jobs by 2030 for Inclusive Hiring
A global customer experience solutions provider has joined a multinational initiative aimed at creating one million impact-sourcing jobs by 2030 to promote inclusive hiring for marginalized communities. As part of this commitment, the company pledges to expand employment and upskilling efforts for underrepresented groups, including women, youth, persons with disabilities, and underserved populations across regions such as India, Africa, and Latin America. The initiative involves collaboration with over 50 organizations worldwide to scale inclusive employment practices. The company integrates impact sourcing into its talent strategy, combining human empathy with digital innovation to enhance customer experience outcomes while fostering economic opportunities and long-term career development for disadvantaged individuals.
August 13, 2025
AI Matchmaking Platform Sets 50 Lakh Salary Rule for Private Men, Exempts Class 1 Government Officers
An AI-powered matchmaking platform implemented a policy requiring private-sector male users to have an annual salary of at least 50 lakh, while exempting Class 1 government officers such as IAS, IPS, and IRS from this salary threshold. The platform justified this exception by emphasizing the stability, respect, and leadership associated with these government roles, despite their typically lower salaries compared to private-sector benchmarks. This policy adjustment has sparked debate over alleged preferential treatment for public sector employees versus recognition of their societal value. The platform maintains the salary criterion for private-sector men but acknowledges government officers' unique career attributes as meeting the platform's standards for matchmaking eligibility.
August 13, 2025
Kraft Paper Company Reports Rs 21.17 Crore Sales, Profits; Secures Pollution Board Approval Till 2029
A kraft paper manufacturing company reported Rs 21.17 crore in sales and an operating profit of Rs 1.5 crore for the June quarter. The company secured approval from the Maharashtra Pollution Control Board to operate its paper mill until March 31, 2029. Its wholly owned subsidiary operates a large facility in Nasik. The company emphasized investments in environmentally sustainable practices, including refuse-derived fuel usage, zero liquid discharge, and waste resource recovery, aiming to enhance cost competitiveness and reduce environmental impact.
August 13, 2025
US National Debt Hits $37 Trillion, Surpassing Projections Years Ahead Due to Pandemic Spending
The national debt of the United States has reached a record $37 trillion, surpassing previous projections by several years. Initial forecasts by the Congressional Budget Office in early 2020 anticipated this milestone would not be reached until after fiscal year 2030. However, accelerated borrowing by successive administrations in response to the economic impact of the COVID-19 pandemic caused the debt to increase more rapidly than expected.
August 13, 2025
Special Home Loan Rates from 7.35% with Quick Approval and Flexible Terms for Eligible Borrowers
A non-banking financial company is offering special home loan interest rates starting at 7.35% per annum for new borrowers during a limited Independence Day promotion. Eligible applicants, including salaried and self-employed Indian citizens aged 23 to 67 or 70 years respectively, with a good credit score, can avail loans up to Rs. 15 crore with tenures up to 32 years. The lender guarantees quick loan approval and disbursal within 48 hours post-document verification through a fully digital process. Additional benefits include zero prepayment charges on floating rates, home loan balance transfers with top-up loans up to Rs. 1 crore, personalized repayment options, and transparent benchmark-linked interest rates. The application process requires standard KYC, income, and property documents, with online tools available for eligibility and EMI calculations. Terms and conditions apply.
August 13, 2025
New Food Delivery Platform Boosts Restaurant Profits with Flat Subscription Fee Model, Keeping Control and Data
A new food delivery platform has gained traction among restaurants in India by offering an alternative to traditional commission-based models dominated by major aggregators. This platform operates on a flat subscription fee instead of per-order commissions, allowing restaurants to retain pricing control, branding, and customer data while receiving logistics and technology support. The model aims to enhance restaurant profitability and autonomy, addressing longstanding concerns about unfair commission structures. Since its launch, it has rapidly expanded across multiple cities, attracting thousands of restaurants seeking sustainable growth and better margins. This shift reflects a broader industry trend toward more equitable partnerships between delivery services and restaurants, potentially signaling a significant realignment in the food delivery sector.
August 13, 2025
Wall Street futures rise on hopes Fed will cut rates after US inflation data, S&P 500 hits record highs
Wall Street futures rose ahead of opening, driven by optimism that recent US inflation data will prompt the Federal Reserve to reduce interest rates next month. The S&P 500 and Nasdaq closed at record highs amid hopes that lower borrowing costs will stimulate economic growth. The Federal Reserve remains cautious due to concerns over tariffs potentially fueling inflation. Ahead of the September meeting, further inflation and employment reports are awaited. In corporate developments, a major apparel company agreed to acquire another for $2.2 billion, impacting share prices. Separately, a restaurant chain's shares dropped significantly after reporting weaker sales and lowering guidance. Asian and European markets also showed gains, influenced by trade policies and central bank actions, including a rate cut by the Bank of Thailand. Energy prices declined slightly, and currency fluctuations were noted with the US dollar weakening against the yen and euro.
August 13, 2025
Global BPS Provider Named Star Performer in 2025 Financial Crime and Compliance Assessment
A global business process services provider was recognized as a Star Performer and Major Contender in a 2025 assessment of Financial Crime and Compliance operations by an independent research firm. The provider demonstrated significant year-on-year improvement through innovation, AI-powered delivery models, and expanded service scope from fraud specialization to comprehensive compliance operations. Investments in modular AI tools and a specialized training academy enhanced alert handling, quality assurance, and investigation workflows. The firm's geographically distributed delivery model balances operational scale with technology adoption, supporting clients across multiple regions while maintaining regulatory alignment. This recognition reflects the provider's strategic focus on agile, future-ready compliance solutions leveraging advanced AI to improve detection, investigation, and response to financial crime.
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