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    IDFC FIRST Bank introduces Zero Forex Markup across all its Credit Cards, existing and new.
    India's forex reserves drop by USD 4.924 billion to USD 780.782 billion: RBI data
    Govt eases sugar stockholding limit for bulk users to 30 days ahead of festive season
    25th Meeting of SCO Ministers Responsible for Economic and Foreign Trade Activities Held in Tajikistan
    India–Nepal Inter-Governmental Sub-Committee on Trade, Transit and Cooperation to Control Unauthorised Trade Meets in New Delhi
    OnEMI Technology Solutions Limited’s Board Approves Fundraise of approximately ₹832 Crore through a Preferential Issue of Securities
    CGST Delhi South officers bust firm in fraudulent availment of ITC involving over Rs. 25.22 crore; proprietor arrested
    Net direct tax collection rises 13 pc to Rs 12.12 lakh cr till Sep 17 on higher advance tax mop-up
    Protean launches next-generation KYC Onboarding & Reporting Solution at Global Fintech Fest 2026
    Japan's central bank raises benchmark interest rate to 1.25 pc, highest in 31 years
    Net direct tax collection rises 13 pc to Rs 12.12 lakh cr till Sept 17 on higher advance tax mop-up
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    Shapoor Mistry backs Tata Sons listing, calls it opportunity for greater accountability
    India Welcomes Passage of New Zealand Legislation to Give Effect to India-New Zealand FTA
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    CCI approves acquisition of certain equity share capital of Great White Global Pvt Ltd by ISAF III Onshore Fund, India Special Assets Fund III, Specia...
    CCI approves acquisition of three professional cricket franchises: Rajasthan Royals (India), Paarl Royals (South Africa) and Barbados Royals (Barbados...
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September 19, 2026
Show AI Summary
Zero forex markup on credit cards applies automatically to international transactions without conditions while preserving applicable rewards.
Zero Forex Markup applies automatically to international transactions made through all existing and new credit cards, without a new-card application, upgrade, spending threshold or other stated condition. International card spends do not attract forex markup charges. Reward Points or Cashback, where applicable to the relevant card, continue on international transactions. Existing credit cards may be used for overseas and cross-border payments without requiring a separate forex card solely to avoid such charges.
September 18, 2026
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Foreign exchange reserve valuation reflects currency movements as foreign currency assets and gold holdings decline.
India's foreign exchange reserves declined to USD 780.782 billion for the week ended September 11, driven by reductions in foreign currency assets and gold holdings. Foreign currency assets fell to USD 645.796 billion, with their dollar value reflecting movements in reserve currencies against the US dollar. Gold reserves also declined, while Special Drawing Rights increased to USD 18.845 billion. The reserve position with the IMF stood at USD 4.916 billion.
September 18, 2026
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Bulk sugar stockholding limits now allow expanded inventories only where additional supplies derive from designated import channels.
Bulk sugar consumers using more than 10 tonnes monthly as a raw material may hold up to 30 days' requirement instead of 15 days. Holdings above 15 days must consist exclusively of sugar imported under the Tariff Rate Quota or Advance Authorisation Scheme; sugar obtained from the open market remains restricted to 15 days' consumption. Bulk consumers must declare and disclose their sugar inventories every Friday through the food ministry's online portal.
September 18, 2026
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Trade facilitation and digitalisation support regional economic cooperation through simpler customs procedures, paperless exchange, resilient supply chains, and MSME access.
Priority measures included expanded intra-SCO trade, lower trade costs, resilient and diversified supply chains, trusted multimodal connectivity, greater market access, simplified customs processes, paperless trade and electronic document exchange. Digital and cross-border payments and accessible trade finance were identified to enable MSMEs and start-ups to participate in trade and value chains. Ministers agreed an Action Plan for 2026-2030 for further approval and approved regulations for a special working group on creative-economy development.
September 18, 2026
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Customs cooperation and trade facilitation advance electronic origin verification, pre-arrival information exchange, and safeguards against preferential trade misuse.
Customs cooperation and trade facilitation measures included pre-arrival information exchange, electronic verification of Certificates of Origin, and Customs automation and digitalisation. These measures are directed at facilitating legitimate trade while ensuring compliance with applicable rules and preventing misuse of preferential trade arrangements. Rail and road connectivity, freight movement, Integrated Check Posts and land-port infrastructure were reviewed to improve infrastructure utilisation and address operational bottlenecks affecting bilateral and transit trade.
September 18, 2026
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Preferential equity issuance approved to strengthen capital, support digital lending expansion, and fund subsidiary operations subject to required approvals.
OnEMI Technology Solutions Limited has approved a preferential issue of equity shares to identified investors, subject to shareholder and requisite regulatory and statutory approvals. The issuance is proposed under the Companies Act, 2013, the SEBI capital-issue and disclosure framework, other applicable SEBI regulations, and applicable law. Seventy-five per cent of the additional capital raised is proposed for infusion into its wholly owned subsidiary to support lending, technology, digital capabilities and product expansion, while the remaining twenty-five per cent is proposed for general corporate purposes.
September 18, 2026
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Fraudulent input tax credit claims through bogus invoices prompted arrest over alleged invoicing without actual supply of goods.
Alleged fraudulent availment, utilisation and passing on of inadmissible input tax credit involved invoices from purported suppliers found to be non-existent, non-functional, suspended or cancelled. Input tax credit was allegedly claimed without actual receipt of goods and passed on through invoices unsupported by corresponding supplies. Following investigation and recorded statements, the proprietor of an iron and steel trading firm was arrested under statutory arrest powers, while further investigation remains in progress.
September 18, 2026
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Direct tax collections: stronger advance tax payments support growth in corporate, non-corporate, and securities transaction tax receipts.
Direct tax collections grew through September 17, supported principally by increased advance tax payments from corporate and non-corporate taxpayers. Gross collections exceeded Rs 14.32 lakh crore, while net collections, after refunds, exceeded Rs 12.12 lakh crore. Corporate tax collections grew more strongly than non-corporate tax collections, and Securities Transactions Tax receipts recorded significant growth. The trend indicated broad-based tax buoyancy, supported by underlying economic activity, taxpayer confidence and business performance.
September 18, 2026
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Reusable consent-based KYC enables integrated onboarding, reporting, record updates and periodic re-verification for regulated financial institutions.
Central KYC-based onboarding enables regulated financial institutions to reuse a customer's existing verified identity record through the Central KYC Registry with customer consent. The integrated solution supports onboarding, KYC reporting, unsolicited notifications and re-KYC. It retrieves consented KYC records through CKYC APIs, uses facial matching or video-based customer identification for authentication, and applies AI-based duplicate detection. Reporting automates validation, image correction and real-time registry submission, while record updates and simplified periodic re-verification support the currency of institutional KYC information.
September 18, 2026
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Benchmark interest rate normalisation raises borrowing costs while monetary policy monitors inflation, wage growth, currency risks, and economic recovery.
The Bank of Japan increased the uncollateralised overnight call rate from 1.0 per cent to 1.25 per cent, advancing monetary-policy normalisation after a prolonged period of near-zero or negative rates. The increase was assessed against gradual economic recovery, inflation near its target, wage growth, currency fluctuations, elevated crude oil prices, and external risks. Further tightening remains contingent on stable price increases, wage developments, and monitoring of other risks.
September 18, 2026
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Direct tax collections reflect stronger advance tax payments, alongside increased corporate tax, securities transaction tax, and refund issuance.
Net direct-tax collections exceeded Rs 12.12 lakh crore through 17 September, reflecting 13 per cent growth following increased advance-tax receipts. Gross direct-tax collections exceeded Rs 14.32 lakh crore, while refunds exceeded Rs 2.20 lakh crore. Corporate-tax and non-corporate tax collections increased, as did Securities Transaction Tax collections. Advance-tax receipts exceeded Rs 5.22 lakh crore, comprising increased corporate advance tax and non-corporate advance tax payments.
September 18, 2026
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Upper-layer NBFC listing compliance sharpens corporate governance conflict over public accountability, shareholder liquidity, and preservation of private ownership.
Tata Sons' status as an upper-layer non-banking financial company has brought its proposed public listing into focus after the Reserve Bank of India rejected its application to voluntarily surrender core investment company registration. Tata Sons is required to take steps to comply with the enhanced regulatory framework applicable to upper-layer NBFCs, which includes stock-market listing. Classified in 2022, Tata Sons did not meet the original listing deadline and had pursued deregistration after repaying debt.
September 18, 2026
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Upper-layer NBFC compliance places Tata Sons on a listing-oriented path emphasising transparency, governance, shareholder visibility, and philanthropic continuity.
Reserve Bank of India rejection of Tata Sons' application to surrender its core investment company registration requires compliance with the upper-layer non-banking financial company regulatory framework. The resulting regulatory path is associated with public listing. Shapoor Mistry supports listing as a means to enhance transparency, shareholder visibility, and corporate governance accountability, while potentially clarifying the holding company's value and supporting a durable flow of value towards charitable activities without compromising Tata's philanthropic mission.
September 18, 2026
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Duty-free market access will cover all covered exports upon entry into force under the bilateral free trade agreement.
Upon entry into force, the India-New Zealand Free Trade Agreement grants duty-free access in New Zealand for 100 per cent of Indian exports, including textiles and apparel, leather and footwear, engineering goods, pharmaceuticals, agriculture, and processed food products. It also provides enhanced preferential access to the Indian market for specified New Zealand exports. The Agreement further covers services, investment, professional, student and youth mobility, and cooperation in agricultural productivity, pharmaceuticals and medical devices, traditional medicine and AYUSH, technology, and trade facilitation.
September 18, 2026
Show AI Summary
Competition clearance for additional shareholding acquisition facilitates increased investment in Azure Power's renewable energy business by OMERS Infrastructure.
Competition approval has been granted for a proposed combination involving OMERS Infrastructure Asia Holdings Pte. Ltd.'s acquisition of certain additional shareholding in Azure Power Global Limited from CDPQ Infrastructures Asia Pte. Ltd. Azure Power Global Limited is the parent entity of the Azure group, which establishes and operates renewable energy plants and sells solar power in India.
September 18, 2026
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Competition approval for interconnected acquisitions enables shared equity acquisition in Great White and sole control acquisition in ITVIS.
Competition-law approval covers an interconnected combination involving acquisition of 50% of Great White Global Private Limited's issued and paid-up equity share capital by EAAA Acquiring Entities and the Continuing Promoter group, through inter-connected steps using an acquisition special purpose vehicle that will merge into Great White. The combination also includes Mr. Mehul Shah's acquisition of sole control over ITVIS Innovations Private Limited.
September 18, 2026
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Competition approval for acquiring three Royals franchises covers cross-border professional cricket franchise ownership interests and related transaction arrangements.
Competition Commission of India granted competition approval for the proposed combination involving Westview Cricket Limited and Poonawalla Sports and Fitness Private Limited acquiring the Rajasthan Royals, Paarl Royals and Barbados Royals professional cricket franchises. The franchises operate respectively in India, South Africa and Barbados, with Rajasthan Royals participating in the Indian Premier League T20 cricket tournament organised by the Board of Control for Cricket in India.
September 17, 2026
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Sanctions bill permits punitive tariffs on oil and gas trading partners, raising energy-market and bilateral relationship concerns.
United States sanctions bill concerning Russia would authorize the President to impose sanctions on Russia and punitive tariffs of up to 100 per cent on nations importing Russian crude oil. The tariff mechanism may affect oil and gas trading partners, bilateral relations and global energy markets, with concern expressed over its implications for energy trade.
September 17, 2026
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Secondary sanctions on Russian energy trade could expose major crude importers to punitive tariffs and economic pressure.
Congressional legislation targeting Russia and Iran would authorise sanctions against Russia's leadership, energy sector, and vessels facilitating evasion of oil-delivery restrictions. It would also permit punitive tariffs of up to 100 per cent on leading trading partners continuing to import Russian oil and gas. India has identified possible effects on bilateral economic relations and the international energy market, while maintaining that diversified sourcing is necessary for energy security and that its trade and economic interests will be protected.
September 17, 2026
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Trust-nominated director consent shapes the contested chairmanship reappointment as regulatory classification renews pressure to consider a stock-market listing.
Validity of the reappointment is therefore contested under the company's internal governance framework despite the majority board vote, and the appointment is expected to be considered for ratification at the annual general meeting. The dispute also concerns the distinction between shareholder influence and directors' decision-making duties. A Trust sought to direct its nominee director to oppose a listing, but the director declined on the basis of independent director duties.

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Chandigarh University Lucknow Hosts first of its kind AI Higher Education Summit 2025

January 18, 2025

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Industry Experts say Chandigarh University Lucknow is taking lead in Skilling and Preparing the Gen-Next AI Workforce LUCKNOW, India, Jan. 18, 2025 /PRNewswire/ -- In line with the Union government's focus on Artificial Intelligence (AI) through the ambitious IndiaAI Mission, Chandigarh University Lucknow hosted the first-ever AI Summit in Uttar Pradesh titled 'AI Higher Education Summit 2025,' on Friday. With the theme 'From Classroom to Cloud: Pioneering the AI Future', the Summit brought together a wide array of stakeholders—including policymakers, global AI experts, academic and industry leaders, AI innovators, educators, and students—to engage in thought-provoking discussions on the transformative role of AI in shaping the future of education and equipping the youth with essential skills for careers in the AI-driven world.

While Uttar Pradesh Deputy Chief Minister Brajesh Pathak graced the AI Higher Education Summit 2025 as Chief Guest, the other dignitaries who attended the Summit included Member of Parliament (Rajya Sabha) and Chandigarh University Chancellor Satnam Singh Sandhu, Vivek Agrawal, Managing Director, Accenture India Pvt Ltd, MP Agrawal, GC Tripathi, Chairman, Higher Education Council, Uttar Pradesh and Chandigarh University Managing Director, Jai Inder Singh Sandhu.

Besides industry experts including Lata Singh, Partner - Strategic Partners & Ecosystem, IBM Consulting, Suvarnanidhi Rao, Lead - Early Career Talent, Indian Sub-continent, Philips India, Pramod Kumar Jha, Senior Director HR Business Partner, LTIMindtree, principals of 200 schools, 30 colleges and officials from five universities of Uttar Pradesh attended the AI Summit.

In his keynote address as Chief Guest, Uttar Pradesh Deputy Chief Minister Brajesh Pathak said, "Chandigarh University has achieved unprecedented progress in the field of education since its inception. The scope of education in India has been a topic of discussion all over the world from the beginning. Several hundred years ago, India was renowned all over the world for universities like Nalanda University. India has produced various educationists in different fields. India has also achieved unprecedented success in the scientific field. From space science to medical science and computer science, India has achieved unprecedented progress in every field under the leadership of Prime Minister Modi. If we assess all the nations on a world scale, then even in those countries which call themselves developed countries, it is the software engineers of India who are working to take forward the progress of that nation through some company. I am proud to say that under the guidance and leadership of PM Modi, India has achieved unprecedented progress in the field of computer science and software engineering. The big software companies of the world cannot complete themselves without Indian engineers." "Everyone's eyes are on India because India is also a big consumer market. Any product that becomes successful in India is considered successful all over the world and I have no hesitation in saying that Chandigarh University has been experimenting in various fields of higher education as well as society since its inception. I believe that if we use AI in a better way, that is, along with the human brain, then AI is a better option. I believe that we all have to prepare our children in such a way that they know about AI and what can be its better use. Honorable Prime Minister has given a lot of importance to this sector, investments are constantly coming in. Big corporate giants of the world believe that AI will achieve an unprecedented position in every field," he said.

In his address, Member of Parliament (Rajya Sabha) and Chandigarh University Chancellor Satnam Singh Sandhu said, "Prime Minister Narendra Modi has put forth the mission of AI for All to make the country an AI hub. The Uttar Pradesh government has taken the initiative to fulfill it. Chief Minister Adityanath Yogi has decided to build an AI city in Lucknow. To fulfill it, Chandigarh University has launched its campus in Unnao near Lucknow. In the Chandigarh University Lucknow campus, we have started AI-augmented multi-disciplinary courses, which will make a valuable contribution to Uttar Pradesh. The UP government has decided to build the country's first AI city in Lucknow. In this regard, today we are organizing AI Summit-2025. AI program is necessary for our students in today's scenario. Whatever resources and workers are available to run it, we will all work together. We will work shoulder to shoulder with the people of Uttar Pradesh so that Prime Minister Shri Narendra Modi's mission of a developed India can be realized." "AI applications can bring changes in farmers, every class, youth and region and can change people's lives. That is why we have started multi-disciplinary courses in Chandigarh University Lucknow campus. We will leverage the immense potential of AI to ignite a spirit of ground-breaking innovation and facilitate holistic learning. Students studying here will be provided complete education about AI. Education of AI applications will be given and AI literacy will be done. We will also provide courses for people who are currently doing any job so that they can also get its benefit," Sandhu added.

In his keynote address, Guest of Honor, GC Tripathi, Chairman, Higher Education Council, Uttar Pradesh and former Vice-Chancellor of Banaras Hindu University said, "We need expansion and extension of education. And for expansion of education, there is pressure on students and teachers. So to reduce this pressure and stress, we will have to find out alternatives and AI is the only alternative to reduce the stress of students as well as teachers because AI is a mechanism for copying the intellect of human beings. And in all the fields, we know expansion and extension of education is a necessary part. If we have to make India independent, free and sovereign, we will have to make India free independent and sovereign in the field of knowledge and education. We can do this with the help of AI system." In his keynote address, Guest of Honor, Vivek Agrawal, MD, Accenture Pvt. Ltd, said, "I truly feel that AI is the future of technology and it's very important that universities like Chandigarh University take lead in bringing up new set of curriculum to propagate the full AI technology and meet the industry demand which is on the high." Pramod Kumar Jha, Senior Director HR Business Partner, LTIMindtree, said, "If we talk about AI, it has potential to augment offerings of every services which Information technology (IT) and IT enabled services (ITeS) industry is offering to various customers across the globe. If you look at the statistics around the world, today's AI market is approximately US$400 Billion and it has potential to grow US$3000 by 2030." Earlier in his welcome speech, Chandigarh University Managing Director, Jai Inder Singh Sandhu said, "AI Higher Education Summit 2025 is being attended by renowned educationists and AI experts for taking part in sessions and panel discussions. Chandigarh University Lucknow is being placed as a multidisciplinary AI campus where AI will be at the core of all the disciplines. Chandigarh University Lucknow is working to bring top global Multi-Nationals Companies to collaborate with us to offer programs where students would be trained in AI Skills. This will make them industry ready. Many global and Indian companies have shared their future plans of big investments in AI in India. Already there are multiple areas such as Agriculture, Space Technology, Healthcare, Education where the applications of AI Technology are being used to offer the best user experience and find solutions that we face today in society." About Chandigarh University Uttar Pradesh (Lucknow) Envisioned to foster a culture of sustainability and empower future global leaders, Chandigarh University, Uttar Pradesh, immerses 21st-century learners in a personalised and experiential learning experience, integrating an AI-powered academic model and a multidimensional, futuristic perspective on education.

Our Uttar Pradesh campus carries forward the venerable legacy of more than a decade of Chandigarh University, Punjab, which has established itself as India's No. 1 Private University and a torchbearer of groundbreaking pedagogy and research-driven innovation. The AI-augmented new campus offers a broad spectrum of industry-driven futuristic academic programs encompassing data-driven insights, virtual reality experiences, real-world simulations, corporate mentorship, international perspective, interdisciplinary research, cultivation of entrepreneurial spirit, and professional competencies.

https://www.culko.in/ Photo: Embedded Media (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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