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    Raymond Limited reports a healthy Q1 FY27 performance
    Why Most People Choose the Wrong Savings Account And How Not to Be One of Them
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    87 Proposals Received under BHAVYA Scheme during First Round of Phase-I
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    India's forex kitty swells by USD 10.5 bn to USD 692.87 bn
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    SBI Life and J&K Bank partner to bring comprehensive life insurance solutions closer to families across India
    DRI intensifies vigil along India's North-Eastern Frontier
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    August 8, 2026
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    Engineering business growth supported Raymond's first-quarter performance, with export expansion, capacity investment and net-debt-free financial flexibility.
    Raymond Limited reported unaudited first-quarter FY27 growth in total income, EBITDA and profit before tax before exceptional items, while remaining net-debt-free with a net cash surplus. Its Engineering business comprises Precision Technology & Auto Components and Aerospace & Defence. Growth in the former was attributed to export expansion, operating leverage, product mix and cost reductions. Aerospace & Defence growth was linked to production for global OEMs, portfolio expansion and increased capacity, although margins were affected by targeted research and development investment. Forward-looking statements remain subject to regulatory, political, economic and technological risks.
    August 8, 2026
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    Savings account selection requires comparison of effective interest, fees, digital service, access, and individual banking needs.
    Savings-account selection should compare effective interest returns under slab-based rates, recurring operating charges and the customer's actual banking needs. Net value depends not only on advertised rates but also on relevant minimum-balance, card, ATM, alert and transfer fees. Digital reliability, customer support, branch availability and ATM access should be assessed according to the customer's average balance, cash use, transfer frequency, travel patterns and need for in-person assistance. The suitable account is one that matches real banking behaviour.
    August 8, 2026
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    Urban cooperative bank regulation promotes licensing, governance, compliance support and cybersecurity measures to strengthen stability and depositor confidence.
    Urban cooperative banks are encouraged to recognise regulatory support through liberalised branch opening, doorstep banking, demand drafts, life certificates, dedicated regulatory coordination, enhanced gold-loan limits, one-time settlements and progress towards on-tap licensing. Sound governance is material to sectoral stability, while small-borrower lending is presented as a comparatively safe lending segment. The umbrella body can support member banks through technical expertise, compliance assistance, cybersecurity solutions and participation in a security operations centre to strengthen depositor confidence.
    August 8, 2026
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    Korean food export promotion combines buyer consultations, regulatory guidance and consumer experiences to support entry into Indian and South Asian markets.
    Korean food export promotion in India and South Asia combined business consultations with consumer-facing activities. Individual meetings connected Korean exporters with regional buyers and generated memoranda of understanding for products including frozen gimbap, ginseng wine and kombucha. Exporters received on-site guidance concerning non-tariff barriers, including food import customs clearance and certification requirements. Preparatory online sessions addressed import procedures, regulatory matters and consumer trends, while consumer events promoted Korean food through tasting, retail and experiential activities.
    August 8, 2026
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    Illegal immigration enforcement prioritises dismantling entry, documentation and employment networks while requiring citizens to report information through police channels.
    Illegal immigration enforcement involves continuous identification and verification operations, coordination with relevant officials, and confidential investigation of networks facilitating entry, identity documentation, accommodation and employment. Enquiries extend to intermediaries, contractors, Aadhaar procurement and verification practices, rather than focusing only on apprehended individuals. Citizen vigilantism, moral policing and social-media targeting of suspected migrants are discouraged because they may compromise investigations; information should instead be given through proper police channels.
    August 8, 2026
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    Technology, transparency and governance strengthen urban cooperative banks through modern customer services, depositor protection and cooperative-sector support.
    Technology adoption, transparency, sound governance and modern customer services are identified as necessary for urban cooperative banks to remain competitive. Banks are encouraged to join the sector's umbrella organisation and self-regulatory body, which provides capital, information-technology infrastructure and liquidity support. Protection of depositors' money remains a regulatory responsibility, while banks are expected to improve governance, train staff, adopt technology and enhance customer-centric services. Customer prosperity and reduced perception gaps between the central bank and urban cooperative banks are emphasised as measures to strengthen the sector.
    August 8, 2026
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    Authorised Dealer Category-II licensing expands permissible FEMA current account and foreign trade transaction services for cross-border payment customers.
    An Authorised Dealer Category-II approval under the Foreign Exchange Management (Authorised Persons) Regulations, 2026 enables Paul Merchants to undertake additional permissible non-trade current account transactions under FEMA, excluding gifts and donations, and foreign trade transactions within the applicable per-transaction limit. The approval supports foreign exchange and cross-border payment services, including overseas remittances for education, medical treatment, travel, and conference or event participation.
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    Integrated investor claim portal modernisation advances digital KYC, streamlined verification, stakeholder-informed safeguards, and efficient investor claim settlement services.
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    August 7, 2026
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    August 7, 2026
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    Energy security through diversified sourcing protected fuel supplies during Hormuz disruption and supports domestic exploration and alternative fuels.
    Energy security measures based on diversified crude oil and LPG sourcing, expanded infrastructure, increased domestic LPG production and alternative fuels were presented as maintaining fuel availability during disruption of shipping through the Strait of Hormuz. Domestic resilience is also linked to support for private deep-water oil and gas exploration, opening offshore acreage, and expansion of compressed biogas and ethanol blending. Ethanol-blended petrol testing identified limited contamination instances rather than a systemic issue, while excise duty reductions were described as cushioning consumers against global fuel-price volatility.
    August 7, 2026
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    Credit valuation adjustment framework revises derivative capital requirements through flexible basic approaches, hedge recognition, and risk-sensitive counterparty treatment.
    Credit Valuation Adjustment framework revisions align CVA capital treatment with final Basel III standards. Eligible banks may use the full or reduced basic approach, while banks with an insignificant volume of non-centrally cleared derivatives may calculate their CVA capital charge at 100 per cent of the counterparty credit risk capital charge. The draft also clarifies CVA hedge recognition, introduces risk weights sensitive to sector and credit quality, and separates systematic and idiosyncratic CVA risk in the full basic approach.
    August 7, 2026
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    Leverage ratio framework amendments propose Basel-aligned capital adequacy standards, with public feedback invited on the draft directions.
    Proposed amendments to the leverage ratio framework would revise Chapter VII of the 2025 Commercial Banks Prudential Norms on Capital Adequacy Directions to implement the Basel Committee's Leverage Ratio 2017 Standard. Public comments and feedback on the draft Eleventh Amendment Directions, 2026, are invited until August 28, 2026, through the designated online platform, postal submission, or email.
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    BHAVYA Scheme project selection uses challenge-based evaluation of infrastructure, industrial ecosystems, and policy enablers under prescribed eligibility criteria.
    BHAVYA Scheme Phase-I proposals submitted by State and Union Territory governments will be evaluated and scored under prescribed eligibility and evaluation criteria. Challenge-based project selection considers connectivity and site suitability, quality of core, value-added and social infrastructure in the detailed project report, and the industrial ecosystem and policy enablers. The Scheme guidelines provide for completion of the first-phase selection process within one year from notification.
    August 7, 2026
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    Multilateral trade cooperation preserves developing economies' policy space while advancing MSME finance, diversified value chains and digital services.
    BRICS ministers adopted measures supporting a development-centred multilateral trading system with the World Trade Organization at its core, preservation of Special and Differential Treatment, binding two-tier dispute settlement, and developing economies' policy space for food security and public stockholding. MSME measures include study of an invoice discounting mechanism and credit-assessment principles focused on cash flow rather than collateral. Value-chain measures provide for a GVC Action Plan, technical cooperation, Special Economic Zone cooperation and digitised trade documents, alongside principles for trusted cross-border digitally delivered services.
    August 7, 2026
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    Digital public procurement promotes transparent sourcing, reduced seller charges, competition monitoring and evidence-based spending oversight through an integrated marketplace.
    Government e-Marketplace digitises public procurement through a unified platform promoting transparency, efficiency, good governance and wider supplier participation. Seller-facing measures include reduced transaction charges, exemption of smaller orders, a cap on maximum transaction fees and reduced vendor assessment fees. The platform uses Artificial Intelligence and Machine Learning tools to identify suspected cartelisation, collusion and order splitting, while its digital transactional trail supports expenditure monitoring, identification of inefficiencies and evidence-based policy interventions.
    August 7, 2026
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    Criminal justice, extremist-material regulation and administrative schemes feature in reports on prosecutions, demolition practices, loan waivers and fuel policy.
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    August 7, 2026
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    Foreign exchange reserves rose as foreign currency assets, gold holdings, Special Drawing Rights and IMF reserve position increased.
    India's foreign exchange reserves increased during the week ended July 31, principally because of higher foreign currency assets and gold reserves. Foreign currency assets include US dollar valuation effects arising from movements in currencies such as the euro, pound and yen. Special Drawing Rights and India's reserve position with the International Monetary Fund also increased. The movement followed measures to attract foreign exchange inflows, including an FCNR(B) measure, after earlier reserve declines associated with rupee pressure and dollar sales for foreign exchange market intervention.
    August 7, 2026
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    Farm loan waiver eligibility depends on verified beneficiary status and Aadhaar authentication for direct credit of eligible crop-loan relief.
    The farm loan waiver scheme covers eligible short-term crop loans within the prescribed ceiling and eligibility period. Waiver amounts are credited to verified bank accounts after field verification and completion of Aadhaar authentication. Aadhaar authentication is the operative condition for automatic processing of benefits, while eligibility rules and technical conditions have raised concerns about exclusion of distressed farmers.
    August 7, 2026
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    Corporate agency distribution expands access to life insurance products, supporting insurance awareness, financial inclusion and long-term household financial protection.
    A corporate agency arrangement enables J&K Bank to distribute SBI Life Insurance protection, savings, retirement and child-oriented life insurance plans through its branch network. The partnership aims to improve insurance access, awareness, financial literacy and long-term financial planning for households, particularly in Jammu & Kashmir and Ladakh. It is intended to expand insurance penetration, strengthen household financial protection and support financial inclusion in line with the IRDAI vision of "Insurance for All by 2047".
    August 7, 2026
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    Cross-border smuggling controls target narcotics, poppy seeds and areca nuts entering through the Indo-Myanmar border region.
    Cross-border smuggling enforcement targeted methamphetamine, foreign-origin poppy seeds and areca nuts allegedly brought from Myanmar. Methamphetamine concealed in an ambulance was seized under the NDPS Act, 1985. Poppy seeds and areca nuts recovered in separate operations were seized under the Customs Act, 1962. Poppy-seed imports are restricted to designated countries and require registration to ensure traceability and prevent illicit produce entering legitimate supply chains. The enforcement action addresses circumvention of customs controls and regulated import requirements.

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      Admissions open for the second cohort of IIMA’s Blended Post Graduate Programme in Management (MBA-BPGP)

      January 30, 2025

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      Ahmedabad (Gujarat) [India], January 29: The Indian Institute of Management Ahmedabad (IIMA) has opened admissions for the second cohort of its distinctive Blended Post Graduate Programme in Management (MBA-BPGP) (formerly known as Online MBA). The two-year postgraduate programme is meticulously designed to suit working professionals, entrepreneurs, and motivated individuals aspiring for managerial or entrepreneurial growth by enhancing their skills and learning while continuing their current pursuits. The admission window for the second batch will remain open through the programme website -iima.ac.in/academics/bpgp -till March 25, 2025.

      Highlights: • The admission window for the second batch of MBA-BPGP will remain open till March 25, 2025 • Formerly referred to as the Online MBA Programme, the two-year postgraduate degree-granting programme is meticulously designed to suit upskilling needs of working professionals, entrepreneurs, and motivated individuals while continuing their current pursuits • Despite the online mode of teaching-learning, BPGP retains IIMA’s signature case-based pedagogy by IIMA’s well-known faculty, ensuring an engaging and impactful learning experience What sets BPGP apart? BPGP is a transformative two-year postgraduate course offered by IIMA which sets itself apart from other executive MBA programmes with its innovative structure and the flexibility to complete the course within three years. It combines the convenience of online learning, facilitated by VCNow, the technology partner, with the richness of on-campus engagement; almost ~80% of the programme is delivered online through live sessions while ~20% involves immersive on-campus modules. This blended design provides the flexibility for participants to balance their professional careers with academic pursuits.

      Spanning six terms, the programme includes about 900 hours of classroom instruction and project work, equating to 36 credits. The on-campus modules, held for about one week each term, are integral to facilitating deeper learning and meaningful peer collaboration. Despite the online mode of teaching-learning, the programme retains IIMA’s signature case-based pedagogy, ensuring an engaging and impactful learning experience. Peer learning, a cornerstone of IIMA’s approach, is fostered through, both on-campus interactions and technology-enabled discussions. Additionally, the programme benefits from IIMA’s well-known faculty, who bring expertise from their experience in cutting-edge research and consulting to enrich the learning process.

      BPGP Eligibility Criteria Just as the other MBA programmes (PGP and PGPX) by IIMA, BPGP retains the rigour in terms of admissions as well. Working professionals and entrepreneurs with a minimum of 15 years of study as per the education system in India and with a minimum of 3 years of full-time work experience after completion of graduation can apply for the programme. The applicants also need to have a valid CAT/GMAT/GRE (scores of tests taken within the last 5 years from March 10, 2025) or should clear the IIMA Admission Test (IAT). This initial screening process is followed by personal interviews for final selection into the course.

      Highlighting key features of the programme and the IIMA advantage, Professor Bharat Bhasker, Director, IIMA, said, “IIMA believes in staying ahead of the curve and our Blended Post Graduate Programme in Management (BPGP) provides a distinct edge to the working professionals and entrepreneurs to fast-track their careers in today’s dynamic environment. It exemplifies IIMA’s commitment to making high-quality management education accessible to professionals with promising careers and shaping leaders for the future. The programme seamlessly integrates live online sessions with immersive on-campus modules, offering a learning experience that is both flexible and rigorous. Drawing on IIMA’s renowned faculty, extensive academic resources, and professional network, BPGP is a key initiative in IIMA’s strategy to lead future management education.” Giving more insights on the programme, Professor Joshy Jacob, Chairperson, BPGP, IIMA, said, “In line with the growing global preference for hybrid learning models, we have designed this two-year degree-granting programme to strengthen the managerial skills of working professionals. The in-person sessions focus on building essential personal and group management skills, while the online sessions emphasise analytical tools and frameworks. Our pioneer batch is already setting a distinguished benchmark for engagement and excellence. Their contributions are shaping a vibrant and impactful learning environment that reflects the programme’s vision of fostering collaboration, innovation, and practical learning. Participants benefit from IIMA’s academic and non-academic facilities, including a high-performance computing lab and an extensive digital library. Upon graduation, they will become part of the prestigious IIMA alumni network, ensuring continued learning and collaboration.” Highlighting the critical role of technology in powering the online component of the programme, Darayus Mehta, Founder and Director of VCNow, said, "We are delighted to continue our partnership with IIMA for the second batch of the Blended Post Graduate Programme in Management. Our technology platform has enabled the seamless delivery of the programme and we're proud to have successfully supported the inaugural batch of 2024-26. As a promotion and technology partner, we ensured uninterrupted learning experiences through reliable real-time connectivity and dedicated technical support and we're committed to maintaining this high standard for future cohorts." Highlights of the Pioneer Batch The pioneer batch of BPGP witnessed participants from varied educational backgrounds ranging from engineering, accounting and finance, arts, science, fashion technology, medical sciences, architecture, and law. This diversity highlights the interdisciplinary nature of the cohort, bringing together a range of perspectives and skill sets. Additionally, the average professional experience of the first batch is 8.2 years with the majority (56%) having 3-8 years of experience. The average age of the first batch is 32 years, with a wide age distribution. In terms of gender representation, the first batch of the programme comprises 75% male participants and 25% female participants.

      Furthermore, the first batch participants represent a wide array of industries bringing expertise from sectors such as Information Technology, Professional Services & Consulting, Financial Services, Manufacturing & Engineering, Consumer Goods & Retail, Healthcare & Pharma, Infrastructure & Real Estate, Energy & Utilities, Government & Public Sector, and Education & Communication, showcasing a broad and rich diversity in professional backgrounds.

      About IIM Ahmedabad The Indian Institute of Management Ahmedabad (IIMA) is a premier global management Institute that is at the forefront of promoting excellence in the field of management education. In more than six decades of its existence, the Institute has been acknowledged for its exemplary contributions to scholarship, practice, and policy through its distinctive teaching, high-quality research, nurturing future leaders, supporting industry, government, social enterprise, and creating a progressive impact on society.

      IIMA was founded as an innovative initiative by the Government, industry, and international academia in 1961. Since then, it has been consolidating its global footprint and today it has a network with over 80 top international institutions and a presence in Dubai. Its eminent faculty members and more than 44,000 alumni, who are at the helm of influential positions in all walks of life also contribute to its global recognition. Over the years, IIMA’s academically superior, market-driven, and socially impactful programmes, have earned a high reputation and acclaim globally. It became the first Indian institution to receive international accreditation from EQUIS. The Institute is also placed first in the Government of India’s National Institutional Ranking Framework (NIRF), India Rankings 2024. The Institute has been ranked 43rd globally in the Financial Times (FT) Executive Education Rankings 2024. The renowned flagship two-year Post Graduate Programme in Management (PGP) is ranked 39th in the FT Masters in Management Ranking 2024 and the one-year Post Graduate Programme in Management for Executives (PGPX) has been ranked 41st in the FT Global MBA rankings 2024.

      IIMA offers consultancy services and more than 200 curated executive education programmes in customised, blended, and open enrolment formats for a diverse audience comprising business leaders, policymakers, industry professionals, academicians, government officials, armed forces personnel, agri-business, and other niche sector specialists and entrepreneurs.

      To know more about the Institute, please visit: iima.ac.in About VCNow VCNow is a brand owned by Unified Collaboration Services LLP. It is the largest infrastructure-based HD Video Conference Service provider in the country, with over 50 Virtual Classroom studios spread across 32 cities in India. VCNow Virtual Classroom provides a near-real classroom experience with its highly interactive Live 2-way High-Definition Video Conference interface both through classroom-based and direct-to-device-based learning platforms. Since its inception in 2014, VCNow has helped deliver many professional executive programmes in various domains in collaboration with several top-ranked and reputed management institutions in the country.

      To know more about VCNow, please visit: vcnow.in (Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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