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    CCI approves proposed combination inter alia involving share acquisition(s) and merger of certain entities e.g. AAPC India, Triguna, Caddie, SMPL, Tec...
    Rupee gains 20 paise to close at 95.08 against US dollar post-RBI policy decision
    TN Budget: Revenue deficit at Rs 55,775 crore, fiscal deficit estimated at Rs 1,21,819 crore
    Tatkare slams ‘gungi gudiya’ jibe against Sunetra; Cong says row being exploited for political gains
    RBI invites public comments on Draft Guidelines for ‘on tap’ Licensing of Urban Co-operative Banks
    Pakistan-origin dry dates, routed through UAE, seized at Kandla port
    RBI keeps rates unchanged, retains neutral stance; outlook uncertain on El Nino, geopolitical risks
    Government Notifies Inventory-based Cross-border E-Commerce Export Framework under Foreign Trade Policy 2023
    Customs official among 5 held for smuggling gold of Rs 1.44 crore at Indore airport
    Lok Sabha passes Bankers' Books Evidence Bill to replace colonial-era law
    Sensex gains 152 pts in volatile session as RBI keeps policy rates unchanged
    DRI seizes 364 metric tonne (MT) banned Pakistan-origin dry dates imports worth Rs. 3 crore
    Rupee gains 13 paise to close at 95.15 against US dollar post-RBI policy decision
    ED raids premises linked to ex-Andhra MLA Malla Vijaya Prasad in chit fund scam
    'Gungi gudiya' remark against Sunetra shows Cong's 'ideological bankruptcy': NCP leader Tatkare
    RBI holds interest rates for fourth straight meeting, awaits clearer inflation outlook
    Highlights of RBI's August monetary policy
    RBI targeting polymer currency notes launch in early FY28: Guv Malhotra
    Two women held at Delhi airport with 1 kg gold concealed as silver-coated armlet
    Sensex trades higher, Nifty flat post RBI policy
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    August 6, 2026
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    Competition approval for hotel-sector consolidation covers share acquisitions and merger of Accor-branded hotel entities into InterGlobe Hotels.
    Competition approval was granted for related share acquisitions and the merger of AAPC India, Caddie, Triguna, Srilanand Mansions, Techpark and Accent into InterGlobe Hotels. The combination involves entities jointly controlled by the Bhatia Family Group and the Accor Group, including hotel-owning and developing entities, hotel management and franchising operations, leasing activities, and captive consultancy and support services relating to Accor-branded hotels in India.
    August 5, 2026
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    Rupee appreciation followed unchanged monetary policy, lower crude prices, weaker dollar and expectations of orderly exchange-rate management.
    The rupee strengthened after the central bank maintained its policy rate and neutral monetary-policy stance. Lower crude oil prices, a weaker US dollar and declining US Treasury yields supported investor sentiment. Earlier measures to attract capital inflows remained part of the framework supporting the rupee, while the central bank stressed its endeavour to preserve an orderly currency trajectory. Future movement was linked to geopolitical de-escalation, global risk sentiment and US economic data.
    August 5, 2026
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    Fiscal consolidation through revenue mobilisation and leakage control aims to reduce deficits while expanding capital expenditure capacity.
    Tamil Nadu's Revised Budget Estimates for 2026-27 project a revenue deficit and fiscal deficit, with outstanding liabilities comprising public debt and public-account liabilities. Revenue mobilisation is proposed through improved tax administration, collection efficiency, closure of leakages, liquor-manufacturer privilege fees, and eligible Union grants. The strategy projects gradual deficit reduction to create room for capital expenditure, supported by expenditure reforms aimed at eliminating leakages, optimising expenditure, and improving service delivery.
    August 5, 2026
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    Political criticism of public office-holders raises debate over media accountability, personal remarks, and acceptable public discourse.
    Political criticism followed a social-media post describing Maharashtra Deputy Chief Minister Sunetra Pawar as "gungi gudiya" in connection with a press interaction on law-and-order issues in Beed district. Congress representatives stated that the post was not a personal insult, had been deleted after adverse reactions, and was followed by an expression of regret. NCP representatives termed the expression inappropriate and stressed that the principal dignitary should conduct media interactions. Shiv Sena (UBT) representatives described the phrase as not unparliamentary and linked it to criticism of a guardian minister's public responsibilities.
    August 5, 2026
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    On-tap licensing for Urban Co-operative Banks enters public consultation through draft guidelines inviting stakeholder feedback.
    Draft guidelines for 'on tap' licensing of Urban Co-operative Banks have been issued for public and stakeholder consultation. Comments and feedback may be submitted until September 05, 2026, through the designated online consultation facility or by written or email submission to the specified regulatory department.
    August 5, 2026
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    Prohibition on indirect Pakistan-origin imports targets alleged origin misdeclaration and UAE routing used to circumvent trade restrictions.
    Import prohibition on goods originating in Pakistan applies to direct and indirect imports under the Foreign Trade Policy, 2023. Pakistan-origin dry dates routed through the UAE were allegedly declared as UAE-origin goods for import, and were intercepted under the Customs Act, 1962. Investigation indicated that the goods were first sent from Pakistan to Dubai, re-containerised, and then exported to India. A separate interception involved Pakistan-origin guggul resin allegedly declared as Somali natural resin and routed through Dubai.
    August 5, 2026
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    Neutral monetary policy stance keeps benchmark rates unchanged while inflation risks, liquidity management and consumer-protection reforms remain under review.
    Monetary policy maintains the benchmark policy rate unchanged and retains a neutral stance, with future decisions guided by incoming data. The central bank remains committed to aligning headline inflation with its medium-term target while monitoring food, fuel and other input-cost risks. Surplus liquidity will be managed through two-way operations, and the regulatory framework for interest rates on advances is proposed to be harmonised and standardised across regulated entities to improve transparency and consumer protection.
    August 5, 2026
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    Export-only e-commerce inventory framework enables seller exports through registered exporters while requiring traceability, timely payments and domestic-diversion controls.
    The export-only inventory framework permits eligible e-commerce entities to export through a registered Exporter-on-Record, which procures goods from Indian Sellers-on-Record against confirmed overseas orders and assumes export and destination-country compliance responsibilities. Inventory must be segregated, digitally traceable and cannot be diverted to domestic sale. The framework requires timely seller payments, visibility of overseas sales and shipment information, proportional pass-through of export rebates and refunds, annual compliance certification and digital records.
    August 5, 2026
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    Gold smuggling enforcement targets concealed foreign-origin gold, airport control evasion, and illicit railway transport under customs law.
    Gold smuggling enforcement operations under the Customs Act, 1962 involved alleged concealment and unlawful movement of foreign-origin gold. At an international airport, an alleged syndicate used an airline employee to transfer gold received from arriving passengers outside Customs and immigration controls, with gold disguised as silver-coloured bracelets. A separate railway operation concerned gold concealed in a specially made cloth waist belt and intended for delivery to a jeweller. The actions addressed concealment, evasion of Customs controls, and illicit transport of foreign-origin gold.
    August 5, 2026
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    Digital bank-record evidence gains a technology-neutral framework through expanded admissibility, certified authentication, and regulated production of bankers' books.
    The Bankers' Books Evidence Bill, 2026, modernises the evidentiary treatment of banking records by extending "bankers' books" to physical, electronic, digital, virtual and cloud-based records. It recognises electronic bank records as admissible evidence, allows production in physical or electronic form, and provides for standardised certificates authenticated by manual, digital or electronic signatures. The Bill also defines "special cause" for compelling bank officers to produce records or testify where the bank is not a party, and permits extension to specified financial-sector entities subject to conditions.
    August 5, 2026
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    Closing auction price discovery and unchanged policy rates shaped volatile equity trading amid inflation and geopolitical uncertainty.
    The Monetary Policy Committee retained the policy repo rate and neutral policy stance while seeking greater clarity on inflation risks from higher energy costs. Stock exchanges introduced the Closing Auction Session for eligible futures and options shares in the equity cash segment to determine closing prices through a more transparent and robust auction-based price-discovery mechanism. Equity markets showed volatile, limited gains amid geopolitical uncertainty, energy-price concerns, profit booking and the new mechanism's introduction.
    August 5, 2026
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    Pakistan-origin import prohibition covers third-country routing, false origin declarations, forged documents, and trans-shipment arrangements used to evade restrictions.
    The prohibition on direct or indirect import or transit of goods originating in or exported from Pakistan extends to goods routed through third countries and falsely declared as having another origin. Misdeclaration of country of origin, false descriptions, forged documentation, and trans-shipment arrangements may contravene that prohibition and invite action under the Customs Act, 1962. Dry dates declared as UAE-origin and Guggul resin declared as Somalia-origin were investigated as goods of Pakistan origin routed through Dubai.
    August 5, 2026
    Show AI Summary
    Foreign exchange stability measures support the rupee as policy continuity, capital inflows and global risk sentiment shape currency expectations.
    Foreign exchange market movement reflected a rupee appreciation against the US dollar following the monetary policy decision to retain the repo rate and neutral stance. Market sentiment was supported by softer crude oil prices, weakness in the US dollar, lower US Treasury yields and foreign equity inflows. The monetary policy framework sought to support capital inflows and maintain an orderly rupee trajectory, with geopolitical developments and US economic data remaining relevant to near-term exchange-rate expectations.
    August 5, 2026
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    Money-laundering investigation examines alleged proceeds from chit fund operations following searches linked to a former company managing director.
    A money-laundering investigation concerns alleged proceeds of crime arising from a multi-state chit fund operation associated with Welfare Building and Estates Pvt Ltd. The company is alleged to have collected investor deposits through investment schemes promising high returns before defaulting. Searches at premises linked to its former managing director form part of the inquiry into alleged laundering. The underlying alleged fraud had previously resulted in a CBI case and multiple police FIRs.
    August 5, 2026
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    Political restraint in public communications was urged, alongside adherence to principal-speaker protocol during press conferences and media interactions.
    Political restraint in public communications was urged after a social-media remark directed at Sunetra Pawar was criticised as ideologically irresponsible. It was stated that regret alone was insufficient and that leaders should exercise care in public comments. Press-conference protocol was also emphasised: the principal dignitary should respond to media questions, and those seated alongside should not participate in the interaction. Party colleagues were expected to act more responsibly in future media engagements.
    August 5, 2026
    Show AI Summary
    Neutral monetary policy stance continues as inflation clarity is awaited, alongside cooperative banking and lending-rate transparency measures.
    Monetary policy maintained the benchmark policy repo rate and a neutral stance pending clearer evidence that energy-cost pressures will generate broad-based inflation. Inflation is expected to rise temporarily due principally to food and fuel prices before moderating, while core inflation remains benign. The approach remains data-dependent, supported by two-way liquidity operations. Proposed measures include resuming urban cooperative bank licensing, revising rural cooperative bank credit-monitoring directions, and harmonising interest-rate regulation on advances across regulated entities to improve transparency and consumer protection.
    August 5, 2026
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    Repo rate stability preserves the policy stance amid lower inflation projections, stronger growth expectations and external-sector resilience.
    Monetary policy maintained the repo rate at 5.25 per cent following a unanimous policy committee decision. The growth forecast for FY27 was marginally increased, while the inflation projection was lowered. Inflation conditions remain uncertain because of monsoon, El Nino and geopolitical developments. Liquidity remained in surplus, and external-sector indicators reflected a current-account surplus, buoyant foreign direct investment inflows, renewed foreign portfolio investment inflows, and adequate foreign-exchange reserves.
    August 5, 2026
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    Polymer currency notes target improved durability as monetary policy remains data-dependent and rupee management pursues an orderly trajectory.
    Polymer currency notes are targeted for circulation at the beginning of the next financial year, subject to implementation proceeding as planned. They are intended to improve durability, especially for lower-denomination notes with high circulation velocity. Monetary policy decisions will remain data-dependent and focused on aligning headline inflation with its medium-term target. Foreign Currency Non-Resident (Bank) scheme inflows are expected to remain healthy until closure, with no proposal for premature termination. Rupee management aims to maintain an orderly exchange-rate trajectory.
    August 5, 2026
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    Customs anti-smuggling enforcement targets gold concealed as silver-coated armlets following passenger profiling and personal search at airport.
    Customs officers intercepted two passengers arriving from Istanbul after Advance Passenger Information System profiling and their activation of the Door Frame Metal Detector. A personal search recovered approximately one kilogram of gold, silver-coated and concealed as traditional armlets worn on the upper arms. The gold was seized under the Customs Act, a smuggling case was registered, and investigation was initiated into the source and any wider smuggling network.
    August 5, 2026
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    Closing auction price discovery for eligible derivatives shares begins as monetary policy retains the repo rate and neutral stance.
    The Reserve Bank retained the repo rate with a neutral stance amid uncertainty over energy prices and supply disruptions. Stock exchanges introduced the Closing Auction Session in the equity cash segment for eligible shares with futures and options contracts. This auction-based mechanism determines closing prices of eligible stocks and aims to make price discovery more transparent and robust.

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      NAMTECH on a Mission to Develop World-Class Talent for MET Sector in India, for India

      January 20, 2025

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      Conducts its first Convocation Ceremony and hosts MET Expo Gandhinagar, 18 January 2025: NAMTECH (New Age Makers’ Institute of Technology) conducted the first graduation ceremony of its International Professional Master’s Program (iPMP) – Smart Manufacturing class of 2024 Saturday, 18 January 2025 at Mahatma Mandir Convention & Exhibition Centre, Gandhinagar. During the convocation ceremony, the institute awarded Post Graduate Certificates to 53 students.

      The occasion was marked by the first Manufacturing, Engineering and Technology (MET) Expo which showcased innovative and cutting-edge digital technologies giving the attendees a glimpse of the future of manufacturing and engineering. The highlight of the Expo was the demonstration of NAMTECH’s futuristic living and learning campus elements and the spatial AI enabled XR platform. The Expo aimed to spark interest and dialogue around emerging technologies and showcase NAMTECH’s use of modern, state-of-the-art equipment to deliver its programs.

      NAMTECH empowers enterprising young minds to be ‘Conscious Technologists’ through its ‘Innovation Schools’. It offers high quality, industry-aligned experiential learning programs in MET and provides a platform for ‘Sharing Technology’ and catalyzing innovation for the larger socio-economic good​. NAMTECH’s ‘Conscious Technologists’ are highly competent professionals would drive the ‘Make in India’ vision of India’s transformation into a global manufacturing powerhouse.

      The National Education Policy 2020 (NEP 2020) recognizes that the evolving complexity of modern problems demands a multi-disciplinary approach rather than isolated expertise in mechanical, electrical, or other specialized fields. NAMTECH’s pioneering, microlearning factories enable students to work on complex, real-world problems and gain practical experience in digital technologies through a 1-year accelerated master’s program.

      The graduation ceremony and the MET Expo saw Dr K Radhakrishnan, Former Chairman, Indian Space Research Organisation (ISRO) and architect of India’s Mangalyaan mission as the Chief Guest and Ms Debjani Ghosh, presently Distinguished Fellow, Niti Aayog, Former Vice-President and MD, Intel South Asia and Former President, NASSCOM; and Dr K N Vyas, Distinguished Homi Bhabha Chair Professor, Department of Atomic Energy (DAE) as the Guests of Honor. The graduation day commenced with the ceremonial procession led by the Dean, Chief Guest, Guests of Honor, Board Members and other senior faculty members.

      In his convocation address highlighting NAMTECH’s visionary approach, Dr K Radhakrishnan, said: “This day is the culmination of a noble vision, unwavering perseverance, and steadfast dedication. NAMTECH’s focus on skilling at high scales for manufacturing and engineering sectors is pertinent and praiseworthy. Posterity will acknowledge this impactful initiative and its institutional model that would bring up future-ready high-tech workforce for India and the world.

      Congratulating the graduating class he said: “We recognise your accomplishments, spirit of excellence and the adoption of innovative technologies that each of you embodies now. This achievement is a testament of determination and the enduring support of your parents and families, and the incredible guidance of the faculty and staff of NAMTECH.” Through its ‘Aatmanirbhar Bharat Abhiyan’ India aims to be the most preferred global manufacturing and engineering destination. Its aspiration to become a developed economy hinges on its ability to create critical technologies, and this requires availability of world-class talent. NAMTECH through its programs and strategic partnerships with global academic institutions and leading corporates is the incubation hub to produce this talent. NAMTECH’s Women in Manufacturing program empowers women to break traditional gender barriers and lead industry’s digital transformation.

      Aligned with the Hon’ble Prime Minister’s vision of Viksit Bharat@2047 - a prosperous and developed nation by its 100th year of independence - NAMTECH is playing a pivotal role in shaping a skilled, future-ready workforce to drive innovation, manufacturing excellence, and sustainable development.

      Speaking about NAMTECH’s first convocation, Arunkumar Pillai, Director General, NAMTECH said: “Today is not just a gathering for celebration of individual successes, but a monumental chapter in the history of our institution. 2024 has been a year of achievements and several learnings. We experimented and built every element of the “excellence with impact” model. At the core is the excellence driven by our 4 innovation schools – School of Manufacturing Technologies, School of Manufacturing Design and AI, School of Sustainability and School of Robotics. Each School is supported/mentored by a leading global academic institution and a host of industry partners.” Addressing the maiden batch of NAMTECH’s graduates, he said: “As the first graduating class, you dared to dream with us, to venture into the unknown and to help build this institution from its very foundation. Today is a day of gratitude.

      “Graduates, you hold the tools to build a future that is smarter, safer, and more just than what it is today. So be bold, be curious, break barriers and serve humanity.” About NAMTECH New Age Makers’ Institute of Technology (NAMTECH) is a not-for-profit education initiative by ArcelorMittal Nippon Steel India (AM/NS India). NAMTECH is a pioneering, industry-aligned institute built with a bold mission to bridge the gap between what industry needs and the traditional educational systems. NAMTECH seeks to reimagine education through experiential learning and an emerging technology-driven curriculum that moulds students for whatever comes and prepares them with the skills to meet future marketplace challenges.

      With a distinguished team of finest faculty and experienced professors-of-practice, NAMTECH bridges academic rigor with industry expertise, preparing students for rewarding careers in the MET space.

      NAMTECH is structured into four schools and an impact center - the School of Manufacturing Technologies, School of Manufacturing Design and AI, School of Sustainability, School of Robotics, and Center for Social Impact, each mentored by a globally leading institution and partnered with various industry leaders. For more information, please visit www.namtech.ac.

      About MET EXPO NAMTECH hosted an extraordinary MET Expo during its first convocation, celebrating innovation and excellence in Manufacturing, Engineering, and Technology (MET). This landmark event showcased NAMTECH’s pioneering advancements in modern pedagogy, digital technologies, and cutting-edge educational practices.

      Highlights included an immersive experience of Industry 4.0, featuring robotics, additive manufacturing, and related technologies, as well as demonstrations of extended reality (XR) integration in education. The expo shone a spotlight on NAMTECH’s exceptional students’ achievements throughout the year, with a dedicated display of their innovative projects. The Expo gave a transformative experience to the attendees, celebrating the institution’s journey and its significant contributions to industry-ready education.

      For media enquiries please contact Deepti Soni, Head of Branding and Communications, NAMTECH on [email protected] or 9810312913.

      (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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