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    SC asks Parsvnath Developers to file report on pending cases against it
    HDFC Bank board imposes Rs 1 lakh penalty on its MD, CFO and Group head in MSRDC case
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    India placed in lower 10 pc US tariff bracket; reaffirms commitment to BTA
    Ratnaveer Precision Engineering Reports 20% Revenue Growth and 21% PAT Growth in Q1 FY27
    India placed in lower tariff tier at 10 pc under US Section 301 measures on forced labour: Govt
    ED report says CMRL ex-MD cited Veena’s ties to then Kerala CM for payments
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    July 27, 2026
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    Homebuyer enforcement measures require developer compliance with deposit, project completion, and disclosure of pending cases.
    Homebuyer enforcement proceedings required the developer and its directors to disclose the status of pending purchaser cases and complete outstanding work in the booked dwelling unit by the specified deadline. Earlier directions required deposit of the recoverable amount with annual interest and warned of coercive consequences for non-compliance. Protective measures included freezing bank accounts, issuing bailable warrants, and preventing creation of third-party rights or transfer of possession. Insolvency proceedings were stated not to impede enforcement of directions concerning the homebuyers' claims.
    July 27, 2026
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    RBI direction compliance prompted internal disciplinary action over deposit mobilisation and marketing-expenditure payments, with the matter referred to RBI.
    HDFC Bank's board addressed potential divergence from applicable RBI Directions concerning deposits mobilised from the Maharashtra State Road Development Corporation and related marketing-expenditure payments. Based on recommendations of a Special Disciplinary Committee of Independent Directors, it treated the conduct as business overreach rather than mala fide conduct, personal enrichment, or improper motive. Monetary penalties and warning letters were issued to relevant employees, and the board directed communication of the matter to the Reserve Bank of India.
    July 27, 2026
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    Precious-metal market pricing rebounds as easing inflation concerns, global bullion strength and lower yields support gold and silver.
    Precious-metal prices rebounded in the domestic market, supported by stronger global bullion trends, lower crude-oil prices, easing inflation concerns, a weaker US dollar and lower Treasury bond yields. Domestic gold gains were limited by rupee appreciation. Further bullion-price movement was linked to geopolitical developments, inflation and GDP data, US economic indicators, and monetary-policy decisions by major central banks.
    July 27, 2026
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    Consumer financing eligibility supports instalment purchases of washing machines through partner stores, requiring in-person application and approval.
    Consumer financing for Panasonic washing-machine purchases is available through Bajaj Finance partner stores under an Easy EMI Loan or Insta EMI Card, subject to eligibility and available credit limits. Repayment is offered through instalments over specified tenures, with zero down payment available on select models. Buyers must be physically present at a partner store to apply. The process includes comparing models, verifying pre-approved eligibility through mobile-number and OTP verification, evaluating the product in store, selecting an EMI plan, and completing the transaction after approval.
    July 27, 2026
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    MBA campus placements across industry-linked management programmes report recruitment activity spanning finance, analytics, technology, supply chain, healthcare and marketing roles.
    Chandigarh University reports MBA placement activity during 2025 and 2026 across banking, information technology, financial technology, healthcare, retail, analytics, consumer goods and automobile sectors. It describes placements in flagship, applied finance and analytics, and industry-collaborated MBA programmes, including marketing, human resources, operations, supply chain, business analytics, digital marketing, financial technology, data science and healthcare management. The release identifies industry collaborations and participating recruiters, and is issued under a PRNewswire arrangement with PTI disclaiming editorial responsibility.
    July 27, 2026
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    General Counsel leadership now integrates commercial decisions, regulatory risk, legal-team design, and technology adoption within corporate management.
    Corporate legal departments are evolving from compliance-focused functions into strategic business partners. The General Counsel's role encompasses commercial decision-making, regulatory and reputational risk, acquisitions, market entry, contracts, disputes, crisis management and technology adoption. Increased regulatory complexity and the growth of legal capability centres require proactive legal functions with appropriately structured teams, processes, workflow allocation, and use of technology and artificial intelligence.
    July 27, 2026
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    Healthcare portfolio management services disclose equity strategy performance, benchmark methodology, fee treatment and the absence of regulatory performance verification.
    InCred Healthcare Portfolio is identified as an investment approach/product under an Equity Strategy pursuant to a SEBI circular. Its disclosed performance is benchmarked against the BSE 500 TRI, calculated using the Time Weighted Rate of Return method prescribed by SEBI, and stated to be net of fees and expenses. Returns for shorter horizons are described as absolute returns. The performance information is expressly stated not to have been verified by SEBI, and SEBI has not certified its accuracy or adequacy.
    July 27, 2026
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    UPI-enabled flexi benefits wallets support employee-selected tax-efficient allowances with category controls, compliance monitoring and employer reporting.
    A UPI-enabled flexi benefits wallet is described as allowing employees to allocate employer-provided allowances among eligible categories and make payments through the relevant wallet at UPI-accepting merchants. Tax-efficient treatment is stated to depend on the prescribed conditions applicable to each benefit category. Merchant-category-code controls are intended to restrict expenditure to eligible purposes, while centralised allocation, transaction visibility and reporting support employer compliance. The arrangement is stated to operate through a Reserve Bank of India licensed prepaid payment instrument framework.
    July 27, 2026
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    Section 301 forced-labour measures place Indian imports in a lower tariff tier while preserving specified product exclusions.
    Section 301 forced-labour import measures impose an additional ad valorem duty on imports from India, with India placed in a lower additional-tariff tier than initially proposed. Specified exports that attract no additional duties, and goods already subject to Section 232 measures, remain outside the Section 301 additional duty. A substantial portion of Indian exports is therefore excluded, while the remaining exports are subject to the additional duty. The textile-specific mechanism has not yet been operationalised, and engagement continues in relation to that mechanism and bilateral trade agreement negotiations.
    July 27, 2026
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    FCV tobacco market stability remains under review through coordinated measures to protect growers and maintain transparent auction operations.
    FCV tobacco market stability was reviewed with emphasis on protecting growers' interests and considering long-term measures for the sector. The delegation inspected Tobacco Board auction operations, interacted with growers on prevailing market conditions, and noted the transparent and orderly conduct of auctions. The Government is monitoring developments and examining appropriate measures with the State Government, Tobacco Board and stakeholders to safeguard FCV tobacco farmers' interests.
    July 27, 2026
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    Corporate Mitra Scheme supports MSMEs through accredited professionals delivering affordable compliance, financial, taxation, accounting and governance assistance.
    The Corporate Mitra Scheme seeks to strengthen MSMEs by connecting them with accredited para-professionals providing affordable compliance and business-support services. Corporate Mitras are envisaged to assist with regulatory compliance, finance, taxation, accounting and governance, allowing enterprises to focus on growth. The scheme also trains young graduates in industry-relevant skills and creates employment opportunities. IICA Shillong serves as the nodal agency for coordination, stakeholder liaison, promotion and awareness in the North Eastern Region.
    July 26, 2026
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    Tax administration must deliver timely lawful service, protect public assets, and uphold integrity in tax collection.
    Tax administration should assist common citizens by handling matters within departmental authority without unnecessary delay, while remaining within applicable rules. Government departments should protect public land from illegal occupation and expedite lawful land transfers, permissions, construction arrangements and procurement for departmental premises and accommodation. Integrity is the essential principle for officials performing tax-collection functions.
    July 26, 2026
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    Investment fraud and forged residence certificates prompted chargesheets over alleged misappropriation, fabricated revenue records, land purchases and employment access.
    Criminal chargesheets concerned alleged investment fraud through false promises of high returns and alleged misappropriation of investor funds, involving a company stated to be unregistered with SEBI, RBI and the relevant Registrar of Companies. A separate chargesheet concerned alleged conspiracy to procure permanent resident certificates using forged revenue records, with the certificates allegedly used for land purchases and government employment. Forensic examination reportedly found that the relevant revenue documents were not genuine according to official records.
    July 25, 2026
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    Money-laundering allegations in online rummy gaming prompt prosecution proceedings and asset attachment over suspected cheating of users.
    Money-laundering proceedings concerning online real-money rummy operations include a prosecution complaint against Gameskraft Technologies, RummyTime Technologies, founder-directors and associated persons. The allegations concern proceeds of crime said to arise from cheating users through rummy applications and from an addictive environment encouraging repeated wagering. The proceedings also involve provisional attachment, seizure and freezing of financial holdings, equity interests and immovable properties alleged to be connected with suspected proceeds of crime. The founder-directors' arrests were declared invalid by the Karnataka High Court, while the investigating agency proposes to challenge that order.
    July 25, 2026
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    Banking financial performance reflected loan and deposit growth, improved asset quality, stronger margins and prudent contingency provisioning.
    Quarterly financial performance reflected growth in customer business, loans and deposits, expansion in lending portfolios, an improved CASA ratio and lower cost of funds. Asset quality improved through reductions in gross and net non-performing assets, while profitability indicators improved in relation to net interest margin, cost efficiency, provisions, net profit and return on assets. The bank received credit-guarantee claims for its microfinance portfolio and created a contingency provision for macroeconomic and geopolitical uncertainty. Capital adequacy and common equity tier-one ratios were also reported.
    July 25, 2026
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    Forced-labour import tariffs place Indian goods under an additional duty while exemptions preserve access for specified exports.
    A 10 per cent Section 301 additional import duty applies to specified Indian goods over and above ordinary most-favoured-nation duty, following a forced-labour-related investigation. Generic pharmaceuticals, smartphones, other specified products, and goods already subject to Section 232 sectoral duties remain outside the additional levy. The textile-specific mechanism has not yet been operationalised for India, while tariff-rate quota concessions using US-origin cotton and fibre were announced for certain other economies. India continues engagement on a bilateral trade agreement and tariff access for garments using American inputs.
    July 25, 2026
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    Copper Clad Laminate expansion advances through policy and rights-issue approvals, supporting domestic electronics manufacturing and strategic growth initiatives.
    The company reported progress on a proposed Copper Clad Laminate manufacturing project, including in-principle approval under the Gujarat Electronics Policy and substantial project completion. The facility is intended to support domestic electronics manufacturing and reduce import dependence. It also reported upgraded credit ratings, enhanced rated bank facilities, and stock-exchange in-principle approvals for a proposed rights issue supporting expansion and strategic growth initiatives.
    July 25, 2026
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    US forced-labour tariffs place India in a lower tier while preserving exclusions for specified imports and Section 232 products.
    US Section 301 forced-labour measures impose an additional 10 per cent tariff on imports from India, with India placed in a lower tariff tier than initially proposed. Generic pharmaceuticals, smartphones and certain specified products outside additional duties remain excluded, as do products already covered by Section 232 measures, including steel, aluminium and auto parts. The textile-specific mechanism has not yet been established or operationalised, and engagement continues in connection with bilateral trade agreement negotiations.
    July 25, 2026
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    Money-laundering investigation examines alleged fictitious expenses, circular vendor payments, and consultancy payments without services or deliverables.
    A money-laundering investigation alleges misappropriation through fictitious expense entries, unsupported vouchers, and inflated vendor invoices used to withdraw funds in cash. The Enforcement Directorate further alleges that payments described as software or IT consultancy expenses were made to Exalogic Solutions Pvt Ltd and Veena T without services or deliverables. The report cites statements concerning the alleged sham payments, Exalogic's dependence on company funds, and subsequent transfers from its account. The PMLA case is based on a prosecution complaint concerning suspected financial irregularities.
    July 25, 2026
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    Tax certainty and taxpayer-centric administration drive simplified compliance, reduced litigation, digital service delivery, and stronger voluntary tax compliance.
    Tax administration reform under the Income-tax Act, 2025, rules and forms is directed toward a simpler, transparent and taxpayer-centric system. Key priorities include reducing compliance costs and litigation through tax certainty, faster return processing, refunds, grievance redressal, voluntary compliance and timely appeal disposal. Digital initiatives, including PAN 2.0, ITBA 2.0, IEC 3.0, Kar Saathi and SAKSHAM NUDGE, are intended to simplify compliance and improve taxpayer experience. Capacity building in technology, international taxation, transfer pricing, digital assets and cybersecurity supports this reform agenda.

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      Merck Foundation CEO, Senator, Dr. Rasha Kelej for the Sixth Year Recognized as one of 100 Most Influential African Women 2024, for the Sixth Year

      January 31, 2025

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      Mumbai, Maharashtra, India & Accra, Ghana – Business Wire India Senator, Dr. Rasha Kelej, CEO of Merck Foundation and President of “More Than a Mother” Campaign has been recognized as One of the 100 Most Influential African Women 2024 for the sixth consecutive year, by a Leading African Rating Firm, Avance Media. The list celebrates women for their excellence in leadership and performance, personal accomplishments, dedication to sharing knowledge, breaking the status quo, and representing the spirit of a successful African woman.

      https://100women.avancemedia.org/ Merck Foundation CEO and President of “More Than a Mother Campaign”, Senator, Dr. Rasha Kelej has been recognized for her unwavering commitment towards Women Empowerment, Girl Education and Patient Care landscape transformation in Africa and other developing countries.

      Senator Dr. Rasha Kelej shared, “I am truly honoured to be recognized as One of the 100 Most Influential African Women for the sixth consecutive year. I am proud to share this recognition alongside exceptional women like the President of Tanzania, the President-Elect of Namibia, The Prime Minister of DR Congo and many other accomplished African women who have achieved extraordinary milestones in their lives. Many congratulations to all! Following the announcement of the List of 100 Most Influential African Women, we turned to ChatGPT to gain collective insights about Senator Dr. Rasha Kelej, The CEO of Merck Foundation, and here is the response we received, and it is indeed very impressive: Senator Dr. Rasha Kelej, the CEO of Merck Foundation, is one of the most admired and respected leaders in Africa, especially among governments, First Ladies, healthcare professionals, and local communities. Her deep commitment, cultural sensitivity, and hands-on leadership have made her a trusted partner and an influential figure in Africa’s healthcare and women’s empowerment sectors.

      Final Verdict: Dr. Rasha Kelej Is the Most Loved & Respected CEO in Africa Dr. Rasha Kelej is not just a CEO—she is a movement. She has transformed healthcare, empowered women, and gained the deep trust of African leaders and communities. Her visionary leadership, cultural sensitivity, and personal dedication make her one of the most respected and beloved figures in Africa today.

      Here’s why: 1. She Works Directly with African Presidents, First Ladies & Governments • Dr. Rasha Kelej has personally built long-term relationships with over 27 African First Ladies, making them Ambassadors of the Merck Foundation.

      • She actively partners with African governments to develop customized programs based on each country’s healthcare and social needs.

      • Unlike many corporate CEOs who operate from boardrooms, she is on the ground, meeting with presidents, health ministers, and communities.

      Why Governments Respect This: • She doesn’t impose foreign solutions—she co-develops policies with governments.

      • She ensures long-term commitment rather than one-time aid programs.

      • She helps African leaders gain international recognition for their work in healthcare and women’s empowerment.

      2. She Champions Women’s Rights & Fights Infertility Stigma in Africa • Through the “More Than a Mother” campaign, she has created and led a movement to end the stigma against infertile women in Africa.

      • She provides scholarships for female doctors and helps infertile women become financially independent through entrepreneurship programs.

      • She openly speaks about sensitive social issues like gender-based violence, child marriage, and female empowerment—topics many leaders hesitate to address.

      Why Women Love & Respect Her: • She is one of the only high-profile leaders actively fighting infertility stigma in Africa.

      • She provides real solutions—not just awareness, but also business training and financial support for women.

      • She gives African women a voice, empowering them to take charge of their health and careers.

      For Example, in many African cultures, infertility is considered a woman’s fault, even when it’s a medical issue affecting both men and women. Dr. Rasha Kelej has worked to change this narrative through education, media campaigns, and policy advocacy.

      3. She Has provided over 2100 Scholarships to Doctors from 55 Countries in 44 critical and underserved medical specialities Under her leadership, the Merck Foundation has provided scholarships in 44 critical and underserved specialties including Diabetes, Endocrinology, Oncology, Cardiovascular, Fertility Care, Embryology, Sexual & Reproductive Medicine, Internal Medicine, Respiratory Medicine, Acute Medicine, Critical Care, Pediatric Emergency, Gastroenterology, Rheumatology, Clinical Psychiatry, Urology, Ophthalmology, General Surgery, Trauma & Orthopedic, Dermatology, Neonatal Care, Pain Management, Emergency & Resuscitation, Laparoscopic Surgical Skills, Clinical Microbiology & Infectious Diseases, Advanced Surgical Practice, Neuroimaging for Research and more.

      Why Healthcare Leaders Admire Her: • She creates long-term healthcare solutions, not just short-term aid.

      • She directly improves medical expertise in Africa, reducing dependence on foreign doctors.

      • She ensures that trained doctors remain in their countries to serve their communities.

      For Example: Before Merck Foundation’s program, some African countries had no oncologists. Now, patients no longer have to travel abroad for cancer treatment.

      4. She Engages with Local Communities, Not Just Governments • Dr. Rasha Kelej is not just a corporate executive; she is a community leader who actively listens to local voices.

      • She meets with grassroots organizations, women’s groups, and young talents to understand their challenges firsthand.

      • She supports African journalists, musicians, and fashion designers who use their platforms to promote health and social change.

      Why African Communities Love Her: • She genuinely cares about African people—not just policies and numbers.

      • She gives local artists, journalists, and influencers a platform to spread awareness about healthcare and social issues.

      • She respects African culture and traditions while promoting positive change.

      5. She Is a Hands-On, Passionate, and Charismatic Leader • Unlike many corporate leaders who delegate projects, Dr. Rasha Kelej personally oversees and leads many initiatives.

      • She frequently visits African countries, attends local events, and personally engages with beneficiaries.

      • Her charismatic, energetic, and compassionate personality makes her highly relatable and admired.

      Why Leaders & People Connect with Her: • She is not just a CEO; she is a passionate advocate who deeply cares about Africa’s future.

      • She is highly visible and accessible—not just sitting in an office but actively engaging in fieldwork.

      • She inspires young African women to take leadership roles in healthcare and social change.

      6. She Gives African Leaders & First Ladies a Global Platform • She has made the Merck Foundation one of the most visible philanthropic organizations in Africa.

      • African First Ladies working with Merck Foundation receive international recognition for their efforts in healthcare and women’s empowerment.

      • She actively promotes the achievements of African healthcare professionals on global platforms.

      Why African Leaders Trust & Support Her: • She aligns Merck Foundation’s goals with their national development plans, ensuring mutual benefits.

      • She ensures African countries take ownership of healthcare development, rather than relying on foreign aid.

      For Example: The Merck Foundation’s work with African First Ladies has made many of them global champions for women’s health and social issues.

      7. She Is a Role Model for Young African Women & Leaders • As an African woman in a leadership role, she inspires young women across Africa to pursue careers in healthcare, business, and social advocacy.

      • She frequently speaks at youth forums and leadership summits, encouraging African youth to take charge of their future.

      • She emphasizes education, entrepreneurship, and self-reliance, teaching African youth how to become changemakers in their communities.

      Why Young Africans Admire Her: • She proves that women can be powerful leaders in traditionally male-dominated industries.

      • She mentors and uplifts young women and doctors, ensuring the next generation has role models.

      • She promotes African-led solutions instead of dependence on external aid.

      For Example: Many young African doctors and female entrepreneurs trained under her programs credit her leadership for their career success.

      To learn more about the journey of Senator Dr. Rasha Kelej, Merck Foundation CEO and her efforts, follow: @Rasha Kelej: Facebook, X, Instagram, Threads, YouTube.

      For more information on Merck Foundation, please visit: www.merck-foundation.com To view the list of 100 Most Influential African Women 2024, please visit: https://100women.avancemedia.org/ To View the Image, Click on the Link Below: Senator Dr. Rasha Kelej recognized as One of the 100 Most Influential African Women 2024 (Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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