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    PROVISIONAL ESTIMATES OF WHOLESALE PRICE INDEX, OUTPUT PRODUCER PRICE INDEX, AND TRIAL INPUT PRODUCER PRICE INDEX FOR THE MONTH OF JULY 2026, AND FINA...
    Logistics Data Bank Tracks 10 Crore EXIM Containers, Provides Visibility across Logistics Chain
    APEDA and Government of Tripura Organise International Organic Buyer-Seller Meet to Expand Global Market Linkages
    WPI inflation eases to 9.78 pc in July on softening in fuel prices
    IDFC FIRST Bank secures its first international rating with Investment Grade from S&P Global Ratings
    DRI busts illegal drug manufacturing facility in Jewar, UP; 30 kg drugs seized and two persons arrested
    UCO Bank launches IFSC Banking Unit at GIFT City
    Banking sector has key role to play as India on way to become 3rd largest economy: Gujarat CM
    India's exports to US rise 12.85 pc in Jul; shipments to China jump 64.57 pc: Govt data
    50 tonnes of copper without e-way bills seized by Delhi GST, Railways joint team
    India's exports surge 19.6 pc in Jul; trade deficit widens to six-month high
    CBI ARRESTS CGST SUPERINTENDENT IN BRIBERY CASE
    The cumulative exports (merchandise & services) during April-July 2026-27 is estimated at US$ 316.42 Billion, as compared to US$ 279.63 Billion in Apr...
    Unlimit Mobile Ties Up with ICICI Bank Canada, RBC Royal Bank to Add Mobile Connectivity Benefits to Student GIC Journey
    Standard Chartered Accelerates India's GCC Growth with its Global Banking Expertise and 25 Years of GCC Experience
    IFSCA Grants Nexent Capital GIFT City Investment Banking License
    India's exports rise 19.63 pc to USD 44.24 bn in Jul; trade deficit widens to $31.98 bn
    Vizhinjam port to commence EXIM operations from Aug 18: Kerala CM Satheesan
    Ratul Puri: Beyond Low-Cost Power to Clean Energy Reliability
    PMS Bazaar Collaborates with NSDL Database Management Limited (NDML Accreditation Agency) to Expand Access to SEBI Accredited Investor Certification
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    August 14, 2026
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    Wholesale and producer price indices show July inflation movements, provisional estimates, final revisions, and manufacturing input-price trends.
    Wholesale Price Index, Output Producer Price Index, and trial Input Producer Price Index estimates under the 2022-23 base-year series set out provisional July 2026 measures and final May 2026 revisions. All-commodities WPI stood at 110.0 in July 2026, with year-on-year inflation of 9.78 per cent. The all-commodities Output PPI was unchanged at 109.9, while the trial Input PPI for manufacturing was provisionally estimated at 105.9. Final May WPI, Output PPI and trial Input PPI measures were revised from their respective provisional estimates.
    August 14, 2026
    Show AI Summary
    Logistics data visibility enables EXIM container tracking, operational analytics and multimodal shipment monitoring across India's logistics chain.
    Logistics Data Bank provides near real-time visibility of India's EXIM container movement through technology-based tracking and stakeholder monitoring tools. RFID-based coverage extends across ports, terminals, inland logistics facilities, rail networks, industrial zones, borders and highways. The platform uses RFID, Internet of Things, Big Data and Cloud technologies, with analytics on dwell time, transit time, and port and terminal performance to identify logistics bottlenecks. LDB 2.0 adds high-seas tracking of export containers and multimodal shipment visibility.
    August 14, 2026
    Show AI Summary
    International organic buyer-seller linkages support Tripura producers through direct sourcing engagement, market access and sustainable export opportunities.
    International Organic Buyer-Seller Meet in Tripura created a direct platform for organic producers, Farmer Producer Organisations, exporters and international buyers to explore sourcing opportunities, market requirements and long-term commercial linkages. Organic and naturally produced goods, including Queen Pineapple, GI-tagged Kalikhasa Rice, organic ginger and turmeric, black sesame, jackfruit and scented lemon, were showcased through product displays and producer interactions. The initiative seeks to strengthen global market access, sourcing partnerships and income opportunities for organic farmers.
    August 14, 2026
    Show AI Summary
    Wholesale price inflation moderation was driven by softer fuel prices, while manufactured goods and primary articles recorded higher inflation.
    Wholesale price inflation moderated in July, led by a decline in fuel and power inflation and a marginal easing in food-article inflation. Inflation in manufactured products and primary articles increased, making the moderation uneven across groups. Mineral oils, food articles, basic metals, non-food articles, food products, and chemical products remained significant inflation drivers. The output Producer Price Index remained unchanged year-on-year, with lower manufacturing and mining inflation offset by higher agriculture and electricity producer-price inflation.
    August 14, 2026
    Show AI Summary
    International investment-grade issuer ratings support expanded foreign-currency funding, trade finance, correspondent banking and cross-border financial market access.
    IDFC FIRST Bank's inaugural international investment-grade issuer credit ratings, with a stable outlook, are expected to improve access to international funding markets and global financial counterparties. The rating is intended to support standby letter of credit lines, foreign-currency funding through its GIFT City International Banking Unit, mobilisation of FCNR(B) deposits, correspondent banking relationships and cross-border trade finance. Strong capitalisation, improving profitability, stable asset quality and a granular retail funding profile underpin the outlook.
    August 14, 2026
    Show AI Summary
    Clandestine psychotropic drug manufacturing faces enforcement targeting precursor chemicals, concealed laboratories, illicit production networks and trafficking operations.
    Enforcement action against clandestine manufacture of psychotropic substances led to the detection of a residential drug-production facility. Searches recovered amphetamine and intermediary forms, precursor chemicals, reagents, raw materials, and manufacturing equipment. Field testing indicated the presence of amphetamine, a psychotropic substance regulated under the Narcotic Drugs and Psychotropic Substances Act, 1985. The recovered apparatus and materials indicated illicit manufacture, while preliminary investigation pointed to short-term, intermittently operated facilities intended to conceal production activities.
    August 13, 2026
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    International banking unit expands cross-border financing, trade finance and foreign-currency service access through GIFT City operations.
    UCO Bank has launched an International Financial Services Centre Banking Unit at GIFT City to provide permitted international banking services. The unit offers trade finance, external commercial borrowings, foreign-currency loans, loan syndication, treasury services and other permitted financial services. It serves Indian corporates, exporters, importers, financial institutions, overseas businesses and other eligible customers requiring cross-border financing and access to global financial markets. FCNR(B) deposits are also offered through the unit.
    August 13, 2026
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    Last-mile credit access is prioritised through timely lending, wider beneficiary coverage, digital support and stronger fraud vigilance.
    Banking-sector participation is emphasised through last-mile credit access for MSMEs, women entrepreneurs, rural artisans, small farmers and other underserved beneficiaries. Banks are urged to expedite government-scheme applications, maximise coverage and use technology for timely financial support. Industrial-policy assistance and incentives cover startups, SC/ST entrepreneurs, persons with disabilities and first-generation entrepreneurs. Greater coordination, expanded village banking access, and vigilance against cyber fraud and mule accounts are also prioritised.
    August 13, 2026
    Show AI Summary
    Merchandise trade growth saw rising exports to major markets alongside increased imports and continuing United States trade-pact negotiations.
    India's merchandise trade data records increased July exports to the United States and China, alongside growth in imports from both markets. Exports to Singapore, the United Arab Emirates, the Netherlands, Germany, South Africa, Tanzania, Australia, Malaysia, Sri Lanka, Italy and Vietnam showed positive growth, while July exports declined for the United Kingdom, Bangladesh, Saudi Arabia and Nepal. Imports also increased from Russia, Korea, Singapore, Germany, Oman, Malaysia, Taiwan and Brazil. India and the United States are negotiating a trade pact amid an additional United States tariff on India.
    August 13, 2026
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    GST transport documentation enforcement addresses freight movement of metals without valid e-way bills and invoices under applicable rules.
    GST enforcement action led to the seizure of copper and aluminium ingots transported by freight train without valid e-way bills and invoices. The metals were found in three train wagons during inspection of parcel cargo. Further proceedings are to be undertaken under applicable GST rules concerning movement of goods without prescribed transport documentation.
    August 13, 2026
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    Merchandise trade deficit widens as import growth outpaces exports despite strong petroleum, electronics and engineering shipments.
    Merchandise trade in July 2026 saw exports rise 19.63 per cent and imports increase 17.52 per cent, widening the trade deficit to a six-month high. Petroleum products, electronics, engineering goods and marine goods supported export growth, while crude oil and several commodity and capital-goods categories increased imports. During April-July 2026-27, faster import growth widened the cumulative merchandise trade deficit compared with the corresponding prior-year period.
    August 13, 2026
    Show AI Summary
    Bribery allegations in GST enforcement prompted arrest after alleged payment demand to avoid a tax-liability notice.
    Bribery allegations involving GST enforcement led to the arrest of a CGST Superintendent after a complaint alleged that payment was demanded from a private company to avoid issuance of a tax-liability demand notice and to close the matter. A trap operation resulted in the public servant being apprehended while allegedly accepting part of the demanded bribe, and the amount accepted was recovered. Searches were undertaken, and investigation remained ongoing.
    August 13, 2026
    Show AI Summary
    Trade performance shows rising merchandise and services exports, but faster import growth expands the overall trade deficit.
    India's combined merchandise and services exports and imports increased in July 2026 and April-July 2026-27, while the overall trade deficit widened. Cumulative exports were estimated at US$ 316.42 billion and imports at US$ 365.85 billion, resulting in a trade deficit of US$ 49.43 billion. Merchandise exports, non-petroleum exports, and exports excluding petroleum and gems and jewellery grew, led by petroleum products, electronic goods, engineering goods and chemicals. Services trade recorded a cumulative surplus of US$ 69.17 billion.
    August 13, 2026
    Show AI Summary
    Student GIC referral programmes integrate connectivity credits with funding verification and post-arrival banking arrangements for eligible international students.
    Referral arrangements connect mobile connectivity benefits with the Student Guaranteed Investment Certificate application journey. Applicants may access an online portal through a referral link, submit documents, complete know-your-customer verification, and fund the GIC from permitted Indian bank accounts in no more than two transactions. After arrival, students may activate the GIC account and open a linked bank account for receipt of GIC transfers. Eligible verified applicants receive non-cash mobile credits usable only against mobile bills, subject to a cap on the bill portion payable through credits.
    August 13, 2026
    Show AI Summary
    Global Capability Centre banking support connects offshore and onshore operations to simplify financial management and enable cross-border expansion.
    Global Capability Centre banking support is positioned around connected offshore and onshore banking, international network access, digital banking platforms, and expertise in treasury centres, cross-border corporates, and evolving GCC operating models. The approach seeks to simplify financial operations and support GCC expansion across global markets. India's GCC ecosystem is characterised as a leading global capability hub, with capability centres evolving into strategic enterprise hubs requiring support for operational and financial complexities across markets.
    August 13, 2026
    Show AI Summary
    Investment banking registration enables regulated cross-border offerings, listings, debt transactions and capital-market advisory through GIFT City.
    IFSCA registration under the IFSCA (Capital Market Intermediaries) Regulations, 2025 authorises Nexent Capital IFSC Private Limited to operate as an investment banker from GIFT City. Permitted activities include management of initial and follow-on public offerings, SPAC and secondary listings, depository receipt issuances, debt capital-market transactions, and other capital-market advisory mandates. The firm proposes to provide transaction structuring, listing-readiness, execution and post-listing capital-markets support for companies seeking capital raising and listing opportunities through GIFT City's exchanges.
    August 13, 2026
    Show AI Summary
    Merchandise export growth was driven by petroleum, electronics, engineering and marine goods, while rising imports widened the trade deficit.
    India's merchandise exports increased in July, while imports also rose and widened the trade deficit. Export growth was attributed to higher overseas shipments of petroleum products, electronics, engineering goods and marine goods. Exports and imports both recorded growth during the April-July fiscal period, and exports to West Asian countries increased in July.
    August 13, 2026
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    EXIM operations at international seaport to commence after customs clearance, bonded-area establishment, and temporary highway connectivity.
    Vizhinjam International Seaport is scheduled to commence EXIM operations after Customs clearance, issuance of Customs notifications, establishment of a Customs-bonded area, and temporary connectivity to NH-66. The port had previously handled transshipment operations. A proposed transfer of a stake in the port concessionaire to a foreign shipping company remains under committee examination and requires Central Government consideration of strategic and security aspects.
    August 13, 2026
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    Renewable energy reliability requires storage, grid readiness and ancillary service markets alongside competitive clean-power procurement.
    Renewable energy procurement is shifting beyond lowest tariffs towards dependable, dispatchable and affordable clean power, assessed through capacity value, balancing capability and system economics. Storage-backed renewable and hybrid projects can improve renewable utilisation, reduce variability and curtailment, and support peak demand. Higher renewable penetration also requires supportive storage policies, timely approvals, aligned intrastate transmission planning, stronger distribution infrastructure, and market mechanisms for ramping reserves, frequency response and fast-response balancing services.
    August 13, 2026
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    Accredited Investor certification facilitates eligible investors' access to alternative investment products, lower thresholds and applicable regulatory flexibilities.
    SEBI's Accredited Investor framework enables eligible investors and entities to obtain certification that may allow lower minimum investment thresholds for Portfolio Management Services, Alternative Investment Funds and other alternative investment products, along with applicable regulatory flexibilities. PMS Bazaar and NSDL Database Management Limited's Accreditation Agency facilitate end-to-end applications, subject to required documentation and prescribed payment. Assistance is available to individual investors and eligible clients of investment providers without additional platform, service or processing charges, while prescribed certification fees remain payable.

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      TOP 10 TRANSFORMATIONAL PERSONALITIES REVOLUTIONIZING INDIA

      February 25, 2025

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      Unveiled by Kiteskraft Productions LLP CHANDIGARH, India, Feb. 25, 2025 /PRNewswire/ -- India's transformation is powered by visionaries who dare to innovate and lead. Top 10 Transformational Personalities Revolutionizing India by Kiteskraft Productions LLP honors exceptional leaders, changemakers, and pioneers reshaping industries and inspiring progress. Their unwavering dedication and groundbreaking contributions are paving the way for a brighter, more dynamic India.

      Mr. Avinash Shende: Avinash Shende, Chairman & Executive Director of Virtual Galaxy Infotech Limited (VGIL), is a pioneering entrepreneur shaping the future of banking and financial technology in India. With a background in Computer Engineering and an MBA in IT from Nagpur University, he has been instrumental in driving digital transformation and financial inclusion through innovative solutions.

      In 1997, he co-founded VGIL with Sachin Pande, recognizing the transformative potential of technology in financial services. Under his leadership, VGIL has introduced cutting-edge products like E-Banker, an AI-powered Core Banking Solution, and V-Pay, a secure digital payment platform, serving over 200 financial institutions across India and Africa.

      His expertise in software development, system architecture, and AI-driven financial solutions has positioned VGIL as a leader in emerging technologies, including blockchain, cybersecurity, and cloud computing. His contributions have earned him prestigious accolades such as the Asia Leadership Award and the Global Excellence Forum's Indian Icon Award.

      Committed to revolutionizing fintech, Avinash continues to drive innovation with purpose, fostering financial empowerment and inspiring the next generation of technology leaders.

      Sachin Pandey: Sachin Pande, Managing Director & CTO of Virtual Galaxy Infotech Limited (VGIL), is a visionary leader revolutionizing the fintech landscape. With a background in Computer Engineering and an MBA in IT, he seamlessly integrates technical expertise with strategic innovation, driving VGIL's growth in core banking, ERP, and digital payments.

      Since co-founding VGIL in 1997, he has been instrumental in transforming the company into a trusted partner for over 200 financial institutions across India, Africa, and beyond. His deep understanding of fintech marketing and enterprise solutions has propelled VGIL's expansion, positioning it as a leader in digital transformation. Under his leadership, AI-driven products like E-Banker and V-Pay have redefined financial security, scalability, and efficiency.

      Recognized for his contributions, he has received prestigious accolades, including the Asia Leadership Award for Best CEO and the Indian Achievers Award for Best Integrated ERP Solutions. As VGIL transitions into a public limited company, he remains committed to pioneering SaaS-based fintech solutions, driving financial inclusion, and fostering global innovation.

      Dr. C. Sujitha Deva Vishnu: Dr. C. Sujitha Deva Vishnu is a pioneering entrepreneur, excelling in India's dynamic business landscape. With dual master's degrees in power electronics and business management, she began her career as a professor and researcher in renewable energy. After marriage in 2017, she shifted her focus to organic farming, transforming it into a successful business. Her dedication to sustainability and innovation set her apart.

      During the pandemic, she played a crucial role in providing food aid, demonstrating her deep commitment to community welfare. Her entrepreneurial and social contributions have earned her multiple accolades, including the prestigious Big Red National Level Entrepreneur Award 2022 and an honorary doctorate in Women Entrepreneurship.

      Through resilience, integrity, and loyalty, Dr. Sujitha continues to inspire women in business, proving that success is driven by passion and perseverance. Her journey reflects a powerful blend of academic excellence, business acumen, and social responsibility.

      Mr. Manu Singh: Mr. Manu Singh is a renowned meditation guru, environmentalist, and social justice advocate dedicated to integrating climate change into global political discourse. With over seven years of activism, he highlights the deep interconnection between environmental degradation, species extinction, and human-animal conflict, emphasizing the need for systemic solutions rather than isolated interventions.

      His advocacy spans media platforms, grassroots movements, and social campaigns, raising awareness about the consequences of unchecked human development, including natural disasters, declining air quality, melting glaciers, and desertification. Believing that true planetary healing begins with individual transformation, he merges scientific understanding with ancient wisdom in his meditation philosophy, promoting holistic well-being—physical, emotional, spiritual, and social—as a path to restoring global balance.

      Beyond his spiritual teachings, he is a vocal critic of political inaction on environmental issues. During the Delhi elections, he championed stronger policies for animal rights, reinforcing his mission to make climate change and environmental justice key electoral priorities while intertwining activism with spirituality.

      Mr. Vikar Mustafa Shonthu: Mr. Vikar Mustafa Shonthu completed his schooling at Tyndale Biscoe School, Kashmir, and matriculated in 1976. A passionate sportsman, he excelled in hockey, cricket, volleyball, and squash, while golf remained his lifelong interest. He pursued a Bachelor's in Engineering from Regional Engineering College (Kashmir) and graduated in 1984. That same year, he joined J&K Project Construction Corporation Ltd as a Deputy Manager. Through dedication and leadership, he steadily rose through the ranks, becoming Managing Director in 2018.

      JKPCC, a semi-government organization, plays a crucial role in infrastructure development across Jammu, Kashmir, and Ladakh, employing around 11,000 workers. Mr. Shonthu was honored by multiple Chief Ministers and the Governor for his contributions. During his career, he worked with Japan's Obayashi Corporation on the Nizamuddin Bridge in Delhi and later contributed to the Dubai Metro as a Construction Manager. Returning to JKPCC as Managing Director, he led key projects before retiring in 2021, marking an illustrious career in engineering and infrastructure development.

      Dr. Vaibhav Sharma: Dr. Vaibhav Sharma is a distinguished academician and administrator, currently serving as Assistant Professor and Deputy Controller of Examination at IISE College, Lucknow. Holding a PhD in Commerce, an MBA in Marketing and Finance, and CMA (Intermediate) from ICMAI, he has over a decade of experience in academia and institutional administration.

      He has been a faculty member at esteemed institutions such as ERAM Degree College and Rasphil Academy, where he played a key role in education, admissions, and institutional marketing. His research focuses on financial inclusion, GST tracking, and digital markets, with notable publications including New Digital Market (Book Saga Publications, 2023). He is a lifetime member of SIMA and the International Chamber of Commerce.

      Beyond academia, Dr. Sharma has extensive expertise in accounting, auditing, taxation, and MIS operations, having worked with MNCs and manufacturing firms. Recognized for his contributions, he received the National Award (2024) by PAAI and was honored as Dynamic Professor of the Year 2025 at the Global Leadership Award 2025. His dedication continues to drive academic excellence and institutional growth.

      Ms. Milli Arora: Ms. Milli Arora is a renowned spiritual healer, celebrated for her expertise in tarot card reading, naturopathy, reiki, numerology, and crystal healing. As the Chairperson of Heart and Soul and Proprietor of Hari Bol, she has dedicated her life to fostering holistic well-being and guiding individuals toward self-discovery and enlightenment. Through her profound spiritual insights and healing practices, she has positively impacted countless lives.

      Beyond her spiritual work, Ms. Arora is an accomplished artist, known for her captivating paintings of Hari, which radiate divine energy and devotion. She actively contributes to organizations like Heart and Soul and the Earth Saviours Foundation, serving as a jury member and mentor.

      Her outstanding contributions have earned her numerous accolades, including the Heart and Soul Most Stylish Mr. & Mrs. India 2019 Jury Award, the Adhyyan School Tarot Card Reader and Healer Award, the Harmony Women Achiever's Award, the Kohinoor-e-Taj 2021 Achiever's Award, and the Bharat Gaurav Samaan. With unwavering dedication, she continues to transform lives through spiritual healing and artistic expression.

      Dr. Zaheda Khanam: Khanam Art Gallery, founded by Dr. Zaheda Khanam in Prayagraj, stands as a powerful testament to art's role in social transformation. An accomplished artist and curator, Dr. Khanam uses her work to challenge societal norms and advocate for meaningful change. More than just a space for artistic expression, the gallery serves as a hub for community empowerment and creative dialogue.

      Deeply committed to education and social welfare, Dr. Khanam channels exhibition proceeds into initiatives supporting underprivileged children. She believes in nurturing creativity as a tool for personal growth and social upliftment. Through free art classes and mentorship programs, the gallery provides aspiring artists with the resources they need to express themselves and build a brighter future.

      Her bold, symbolic compositions have earned national and international recognition, with her work showcased at prestigious exhibitions. With a vision to bridge art and social awareness, Khanam Art Gallery continues to inspire, provoke thought, and drive meaningful change, using art as a catalyst for a more inclusive and empowered society.

      Dr. Krishna Priyadarshan: Dr. Krishnapriya Indira Sreekumaran is an accomplished academician, filmmaker, and entrepreneur with extensive contributions across multiple fields. She holds an M.Sc. in Food & Nutrition and has cleared the National Eligibility Test for Lectureship. She has received a Doctorate in Education and is currently pursuing a Doctorate in Psychology, with her research focusing on diabetes and dietary fiber. As the Academic Director of Euphony Future Education Centre in Abu Dhabi, she has played a pivotal role in shaping innovative educational programs. She is also an award-winning filmmaker, lyricist, and author, recognized for her work in cinema, literature, and the arts. Her commitment to nurturing talent is reflected in her leadership of Hotchpotch, a socio-cultural initiative supporting young artists. A visionary leader, she continues to drive excellence in education, media, and entrepreneurship.

      Dr. Kajal Parag Patani: Dr. Kajal Parag Patani is a distinguished international yoga and wellness judge with over 15 years of experience in holistic fitness and yoga education. As the Founder President of Geet Yoga & Fitness Foundation, she has led numerous initiatives to promote health and well-being, particularly in rural areas. Her expertise spans meditation, pranayama, sports yoga, pregnancy yoga, and aerial yoga, and she has trained individuals across 68 countries while serving as a judge in national and international yoga competitions.

      Beyond yoga, Dr. Patani is dedicated to social welfare. Her foundation has conducted over 150 free yoga camps in schools, provided essential aid to the underprivileged, and led large-scale tree plantation drives. During the COVID-19 pandemic, she facilitated pranayama treatments for recovery patients and supported frontline workers.

      Recognized with prestigious honors such as the International Professional Athlete Award and Swami Vivekananda Lifetime Yoga Achievement Award, Dr. Patani continues to inspire global wellness through her teachings and humanitarian efforts.

      About Kiteskraft Productions LLP Kiteskraft Productions LLP, established in 2019, is a premier organizer of National and International Conferences and Award ceremonies across sectors like Education, Business, Healthcare, NGOs, and Entertainment. With a mission to recognize excellence, Kiteskraft honors individuals who drive innovation and outcome-based learning. Certified by ISO and MSME, and registered under MCA, it upholds high standards of quality. Recognized by the Scholar's Book of World Records, Kiteskraft fosters industry collaboration through impactful events. With a dedicated team and a vision for excellence, Kiteskraft Productions LLP continues to inspire, empower, and shape a brighter future. Visit www.kiteskraft.com for more.

      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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