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    Collaboration, Inclusion and Entrepreneurship: How SIDBI MSME Samvaad Is Shaping the Future of India’s MSME Ecosystem
    RBI keeps policy rate unchanged for third time in row in FY27 amid West Asia crisis
    RBI keeps policy rate unchanged for third time in row amid West Asia crisis
    Markets climb in early trade on falling crude oil prices; RBI monetary policy decision awaited
    Rupee jumps 39 paise to 94.89 against US dollar ahead of RBI monetary policy decision
    Punjab govt committed to paying all valid dues; legal options being examined: FM Cheema
    ED searches multiple locations in Punjab, Chandigarh in PMLA case against PSIEC officials
    Rupee gains 9 paise against US dollar
    India, US working towards interim trade agreement: MEA
    Govt to adopt appropriate measures to mitigate fuel price volatility: MoS Finance
    Taxation laws (Amendment) Bill to attract more foreign capital, provide policy certainty introduced in LS
    Champion Mirabai Chanu Unveils MMTC-PAMP's 'Virasat' Recycled Gold Coin to Celebrate India's 80th Year of Independence
    Indian economy to hit USD 5-trillion mark in FY29 as per IMF: FM
    SVC Co-operative Bank Concludes 120th Annual General Meeting, Reaffirms Growth, Governance and Digital Focus
    Rupee falls 3 paise to close at 95.40 against US dollar
    Government Boosts MSME Financing Through SIDBI and ECLGS 5.0
    India's Market Opportunity is Growing, and the Trade is Taking Notice
    50,000 Students to Participate in Season 2 of the Franklin Templeton National Mutual Fund Olympiad 2026
    Currently nine trade disputes pending against India under WTO rules: Govt
    MNLU Mumbai Launches MBA in Entrepreneurship & Digital Business Law
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    August 5, 2026
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    Industry collaboration strengthens MSME competitiveness through shared resources, market linkages, capability building and inclusive support for women entrepreneurs.
    MSME development is linked to collaboration, knowledge-sharing, institutional support and capability building. Industry associations can provide networking, policy advocacy, business intelligence, skills programmes, shared infrastructure and market linkages, while collective procurement, shared logistics, digital commerce and export readiness may improve competitiveness. Women-led enterprises benefit from market-oriented capability development, mentorship, continuous learning, professional networks, capacity-building programmes and institutional support. The Development of Industry Associations initiative is intended to connect associations and facilitate the sharing of best practices.
    August 5, 2026
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    Monetary policy rate maintenance continues under a neutral stance amid energy disruption, inflation concerns and sustained currency depreciation.
    Monetary policy rate maintenance was continued with the repo rate retained at 5.25 per cent under a neutral stance amid uncertainty over energy prices and supply disruptions associated with the West Asia crisis. The growth forecast was marginally increased and the inflation projection reduced. Sustained rupee depreciation against the dollar was attributed to costly oil, capital outflows, widening trade deficits and a strong US dollar.
    August 5, 2026
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    Monetary policy rate pause maintains a neutral stance amid energy disruption, inflation concerns and sustained rupee depreciation pressures.
    Monetary policy rates were retained without change for a third consecutive review, with a neutral stance maintained amid uncertainty over energy prices and supply disruptions associated with the West Asia crisis. The policy assessment noted retail inflation above the medium-term target, alongside an upward revision to growth expectations and a downward revision to the inflation projection. Continued rupee depreciation was linked to higher oil prices, capital outflows, widening trade deficits and a stronger US dollar.
    August 5, 2026
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    Monetary policy expectations shape equity sentiment as softer crude prices and foreign investment support domestic financial assets.
    Equity market sentiment improved in early trading as lower crude oil prices and foreign fund inflows supported benchmark indices, while investors awaited the monetary policy decision. Softer crude prices, rupee recovery, improving global risk sentiment, resilient economic growth, corporate earnings and sustained foreign portfolio investment supported domestic financial assets, despite continuing global and geopolitical uncertainties.
    August 5, 2026
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    Foreign exchange market movement strengthens as lower crude prices and monetary policy signals influence the rupee's direction.
    Foreign exchange market movement saw the rupee appreciate against the US dollar in early trading, supported by lower crude oil prices, a softer dollar index, domestic equity gains and net foreign institutional investment. Market attention centred on the Reserve Bank of India's monetary policy decision, with expectations of an unchanged benchmark repo rate. Policy communication on inflation and developments in Hormuz-related talks were identified as factors that could influence the rupee's direction.
    August 4, 2026
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    Dearness allowance arrears must be cleared promptly, while the government examines legal remedies and continues its structured liquidation plan.
    Pending dearness allowance arrears of government employees and pensioners are to be cleared within a fortnight, with restraint on unproductive expenditure until admissible dues are paid. The government states that it will pay constitutionally and legally valid dues while examining the judgment, precedents and possible legal remedies. It attributes the arrears to delayed pay commission implementation and frozen dearness allowance, and states that a structured liquidation plan has been prepared and partly implemented.
    August 4, 2026
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    Money-laundering investigation examines alleged fraudulent industrial plot allotments, benami holdings and diversion of plots to residential use.
    A money-laundering investigation under the Prevention of Money Laundering Act examines alleged irregularities in industrial-plot allotments involving corporation officials, private persons, property dealers and alleged benamidars. The inquiry concerns alleged use of fictitious firms and false addresses to obtain plots, allotments to relatives and associates, and alleged diversion or change of land use from industrial to residential purposes. These activities are alleged to have generated private gains while causing loss to the public exchequer.
    August 4, 2026
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    Rupee exchange-rate movement gains support from capital inflows, while oil prices, dollar strength and monetary policy shape sentiment.
    Rupee exchange-rate movement was supported by foreign capital inflows and improved global risk sentiment, while elevated crude-oil prices and a stronger US dollar constrained gains. Market attention shifted to monetary policy, overseas dollar-deposit incentives and easier foreign access to government bonds, which were reported to support capital inflows and India's external position. A cautious approach to the benchmark repo rate was expected amid assessment of the West Asia conflict.
    August 4, 2026
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    Interim bilateral trade agreement negotiations continue as both sides work to finalise unresolved issues in the proposed arrangement.
    Interim bilateral trade agreement negotiations between India and the United States are continuing. Both sides have undertaken substantial work, while certain issues remain to be finalised before completion of the proposed interim trade arrangement. A United States Trade Representative delegation visited India to advance discussions. The text records the status of negotiations and identifies no concluded agreement or operative customs measure.
    August 4, 2026
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    Fuel-price volatility mitigation will combine fiscal measures, consumer protection, energy security and fiscal sustainability during external energy shocks.
    Fuel-price volatility is to be mitigated through fiscal and administrative measures that protect consumers while maintaining fiscal sustainability. The approach includes monitoring revenue and expenditure, reprioritising spending, and using fiscal measures when economic conditions require. Reduced central excise duty on petrol and diesel moderated the impact of elevated international crude prices and partly offset under-recoveries of public-sector oil marketing companies. Longer-term measures include revenue mobilisation, import diversification, Strategic Petroleum Reserves, cleaner fuels and energy efficiency.
    August 4, 2026
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    Tax policy certainty reforms propose easier fund management, data-centre access, electronics incentives and revised electronic-payment charging rules.
    The proposed Bill seeks to simplify conditions for foreign investment funds using fund managers in India without being treated as carrying on business in India, while retaining safeguards against misuse and round-tripping. It proposes removal of approval requirements for foreign cloud companies using Indian data centres and permits leased operation of Indian data centres. It also extends tax support for foreign companies participating in electronics contract manufacturing and component warehousing, preserves tax-free dividends for REIT and InvIT investors in specified circumstances, and removes the prohibition on Merchant Discount Rate charges for notified electronic payment modes.
    August 4, 2026
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    Responsible precious-metals recycling supports recycled-gold products, organised buyback channels and a more self-reliant domestic supply chain.
    Responsible precious-metals recycling is promoted through a commemorative recycled-gold coin intended to support domestic recycling, responsible sourcing and a self-reliant supply chain. The product is described as having certified purity authentication, tamper-proof packaging, a unique identification number and an assayer-certified minted card. The initiative seeks to reduce dependence on imported gold and expand organised, transparent recycling infrastructure. An organised silver buyback programme is also described as supporting secure consumer sales and a circular economy for precious metals.
    August 4, 2026
    Show AI Summary
    Broad-based growth strategy links tax reforms, trade resilience, industrial support and services development to medium-term economic expansion.
    The growth strategy combines agricultural productivity, manufacturing, MSME support, infrastructure, logistics, ease of doing business, streamlined income-tax and GST reforms, innovation, digitalisation, human-capital development, energy security, public capital expenditure, foreign direct investment liberalisation, export promotion, fiscal prudence and price stability. Trade resilience is to be strengthened through expanded trade agreements, while manufacturing, services, agriculture and strategic sectors receive targeted policy support. The material also reports secured-asset enforcement cases and recoveries by banks under the SARFAESI framework during FY25.
    August 4, 2026
    Show AI Summary
    Co-operative bank governance and financial disclosure support digital transformation, risk management, priority-sector lending and sustainable member-focused growth.
    Co-operative bank governance and financial disclosure were addressed at the annual general meeting, where the member-notice agenda was transacted and audited financial statements were presented. The bank reported growth in business, deposits and advances, together with net profit, asset quality, provisioning coverage and capital adequacy indicators. Its operational priorities include digital transformation, risk management, selective network expansion, customer service and operational discipline. Future priorities include retail and priority-sector lending, MSMEs, affordable housing and institutional deposits.
    August 4, 2026
    Show AI Summary
    Foreign-exchange market conditions weakened the rupee as oil prices, domestic equities and dollar strength shaped near-term currency expectations.
    The rupee weakened against the US dollar amid elevated crude oil prices, weaker domestic equities and a stronger dollar index, while foreign fund inflows moderated the decline. Attention shifted to the central bank's monetary policy meeting, with continuation of the existing benchmark policy rate anticipated. Earlier measures encouraging overseas dollar deposits and facilitating foreign participation in government bonds were reported to support capital inflows and India's external position.
    August 4, 2026
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    MSME credit expansion combines SIDBI lending initiatives with guaranteed additional working-capital facilities for eligible borrowers.
    MSME credit access is being expanded through SIDBI's branch network, direct lending, refinance support, co-lending arrangements, affordable credit for informal micro-entrepreneurs, and invoice-based digital credit for micro enterprises. Emergency Credit Line Guarantee Scheme 5.0 enables eligible MSMEs to obtain additional credit linked to peak fund-based working-capital outstanding, with full guarantee coverage for member lending institutions against defaults on the additional facility. The scheme also covers scheduled passenger airlines under distinct eligibility and guarantee parameters.
    August 4, 2026
    Show AI Summary
    Furniture and interiors sourcing platform connects Indian manufacturers with domestic and international trade buyers through direct procurement opportunities.
    imm india 2026 is presented as a business-to-business sourcing platform linking Indian furniture, home de cor, rug, carpet, mattress and handicraft manufacturers with domestic and international trade buyers. It is intended to provide direct manufacturer access, design-led sourcing and project-scale procurement opportunities for architects, designers, retailers, hospitality professionals and real estate developers. The programme includes a hosted buyer initiative, industry conferences, knowledge sessions and awards addressing innovation, sustainability, craftsmanship and design.
    August 4, 2026
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    Financial literacy Olympiad builds students' practical understanding of mutual funds, financial planning, market concepts and responsible investment participation.
    Financial literacy and investment awareness are promoted through a nationwide, multi-level educational competition for undergraduate and postgraduate students. Participants are assessed on mutual funds, investment fundamentals, financial planning, market concepts and long-term wealth creation, with exposure to market-linked products including ETFs, portfolio management services, alternative investment funds and specialised investment funds. The initiative combines academic institutions and financial-sector participants to improve practical investment knowledge, informed decision-making and responsible participation in investment markets.
    August 4, 2026
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    WTO dispute settlement challenges test India's safeguards, agricultural support, technology tariffs and production-linked incentives across pending proceedings.
    Nine pending WTO disputes against India concern safeguard measures, sugar support and export schemes, information and communications technology tariffs, and technology-sector incentives. India contests the claims as consistent with its WTO rights and obligations. Appeals concerning iron and steel safeguards, sugar measures, and certain information and communications technology tariff reports remain pending, including because the WTO Appellate Body is non-functional. Other proceedings concern Chinese challenges to production-linked incentives, tariffs, and solar, automotive, renewable-energy and information-technology measures; one panel proceeding is ongoing and another panel has not been constituted.
    August 4, 2026
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    Digital business law and entrepreneurship education combine management, compliance and innovation training for technology-driven enterprise careers and ventures.
    The MBA programme integrates management education, entrepreneurial capability, digital business law, and legal and policy awareness for technology-driven enterprise. It addresses compliance, digital platforms, data-driven decision-making, artificial intelligence, digital transactions, intellectual property, cross-border commerce and evolving regulatory frameworks. The programme is designed for prospective founders, start-up professionals, transforming family businesses and careers in consulting, strategy, business development, policy-oriented enterprises and digital commerce, with industry-relevant entrepreneurship education and digital-first learning.

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      CHETU CELEBRATES 25TH ANNIVERSARY WITH RECORD-BREAKING REVENUE AND CONTINUED EXPANSION

      April 10, 2025

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      Global Digital Intelligence Company’s India Footprint Drives Technological Innovation and Highly-Skilled Workforce Noida, 10th April 2025– Chetu, a leading digital intelligence and software solutions provider, proudly celebrates its 25th anniversary with continued growth, expanded partnerships, future government contracts, and a record-breaking $74.54 million in annual revenue.

      "While this has been a year of navigating significant macro-economic challenges, we are proud to say that Chetu has achieved over $70 million in revenue for the third consecutive year," stated Atal Bansal, Founder and CEO. "This sustained growth, amidst a rapidly evolving tech landscape now dominated by AI, underscores our commitment to delivering both traditional software development and support services, as well as ground-breaking AI and agentic AI solutions across 40-plus industries.” For 25 years, Chetu has been an industry leader in innovative and custom software solutions. This past year, the company received industry recognition for its excellence in AI and Data Analytics solutions from leading research firms Omdia, Everest Group, and ISG. Omdia highlighted Chetu’s custom AI and machine learning expertise in its “On the Radar” report. At the same time, Everest Group recognized the company’s data and AI services in its “Mid-Market Enterprises PEAK Matrix® Assessment.” ISG’s report focuses on Chetu’s advanced analytics and AI services in the Sweet Spot” section of its “Provider Lens™ Advanced Analytics and AI Services” report.

      “Being honored by these leading research companies is a tremendous compliment to the hard work of every team member at Chetu, especially our highly trained and industry-specific development teams,” Bansal said. “We look forward to expanding our work with these firms as Chetu continues to set industry trends as a leader in AI development.” Reminiscing about the past quarter century, Bansal said he was proud of the entirely organic, employee-driven growth that Chetu was able to experience despite the ever-changing nature of the technology services industry that increasingly relies on investors and external capital.

      "Our organic growth is a rarity in the tech industry and has propelled us from a small 200-square-foot Miami office to a global presence,” Bansal said. “Thanks to our team members – our Chetu Family – we now operate across 13 locations throughout the U.S., Europe, and India, with nearly 2,800 software experts servicing our global clientele.” “As we navigate this dynamic technological landscape,” Bansal added, “I'm enthusiastic about Chetu's potential to drive industry advancements over the next quarter-century." Chetu India: A Key Player in Global Expansion Chetu India continues to be a critical part of the company’s global operations, contributing to the business’s technological success and developing a thriving, innovative workforce. The company is deeply committed to nurturing talent and fostering a culture of inclusivity and continuous learning across its India offices.

      “Our people are our most valuable asset, and we pride ourselves on providing a work culture that promotes growth, collaboration, and innovation,” said Saurabh Pawar, Director of Human Resources at Chetu. “Through initiatives like the Skill Centre program, we ensure that our team members are equipped with the latest industry skills, helping them thrive in an ever-changing technology environment." The Training and Development Program in India is designed to train both fresh recruits and seasoned professionals in the latest technologies, from AI/ML to cloud computing, ensuring that Chetu's workforce remains at the forefront of technological advancements.

      “At Chetu India, we believe in empowering our employees to grow in their careers, which directly contributes to the superior services we deliver to our clients worldwide,” Pawar added. “By investing in our team’s skills and fostering a healthy, collaborative environment, we’ve been able to build a team of over 2,800 dedicated professionals who consistently drive excellence.” Commitment to Corporate Social Responsibility (CSR) in India Chetu India’s CSR initiatives through the Chetu Foundation reflect the company’s commitment to social responsibility and making a meaningful impact in the communities it serves. One notable effort is the Sanatan Dharam Bal Vidya Mandir (SDBVM) School, where Chetu India actively supports the education of underprivileged children. The company also supports Akshaya Patra, an organization that provides school meals for children in India, demonstrating its ongoing dedication to uplifting communities through education and nutrition.

      “Supporting initiatives like the SDBVM School is just one of the ways we give back,” Pawar said. “By investing in the future of children and supporting educational endeavors, we are helping to break the cycle of poverty and create opportunities for a brighter future.” Looking Ahead With continued growth in India, Chetu is well-positioned to lead in the digital intelligence space for the next 25 years.

      “We have always believed that technology has the power to solve complex business challenges,” Pawar said. “As we look to the future, we are excited about the possibilities that lie ahead. Our people, our culture, and our commitment to innovation will continue to drive us forward as we embark on the next chapter of our journey.” 2024-2025 Highlights and Key Accomplishments • Expanded Federal and State Contracts: Increased emphasis on government opportunities, including being part of a major winning bid to offer enterprise integration and support services to selected government agencies.

      • Strategic Partnerships: Established new alliances with UKG and Workday while attaining IBM Silver Partner status.

      • Analyst Relations: Strengthened engagement with industry analysts to showcase Chetu’s innovative solutions.

      • Channel Partner Program Expansion: Introduced new incentives to drive growth within its channel ecosystem.

      • Regional Expansion: Relocated to larger offices in Tempe, AZ, Tampa, FL, and Las Vegas, NV, to accommodate increased demand.

      • Expanded Regional Growth in Latin America: Broadened reach and push into the LatAm market with increased Operations, Sales, and Marketing efforts.

      Awards & Recognitions • 2024 Silver and Bronze Stevies: The ABA and IBA, respectively—10 Stevies won since 2020.

      • Three 2024 Gold Globees: The International Business Awards, Golden Bridge Awards, and American Business Awards, bringing the total to six since 2023.

      • Inclusion in key CRN lists: The 2025 CRN MSP 500, 2025 Tech Elite 250, and 2024 CRN Solution Provider 500—now totaling 11 listings since 2020.

      • Forbes Technology Council Membership: Multi-year inclusion in the prestigious invite-only organization.

      • SFBJ’s Top Private 100 Companies: Recognized for the 14th time.

      • Type 2 SOC 1® Certification: 14th consecutive certification for adherence to financial reporting standards.

      • Inc. 5000 Honor Roll: Seven-time honoree for consistent growth and innovation.

      Commitment to Corporate Social Responsibility Chetu remains dedicated to philanthropy through the Chetu Foundation, which actively supports charitable initiatives, including: • $160,000 donation to Akshaya Patra: Funding school meals for children in India.

      • Community Engagement: Hosting annual toy and food drives, winter gear distributions, scholarships for students in India, and Earth Day events to support local communities.

      For more information about Chetu and the Chetu Foundation, please visit www.chetu.com and chetufoundation.org.

      About Chetu India: Founded in 2000, Chetu is an award-winning digital intelligence and software solutions provider. Employing over 2,800 software experts across the globe, Chetu is propelled from its three main software development centres located in Sector 63, Noida. Featuring over 169,000 square feet of development space, these state-of-the-art facilities provide the ideal setting for developers to work on the latest software solutions and rapidly advance their careers. Aside from offering superior development environments and a Training & Development Centre for the local community, Chetu's Noida campus also features modern amenities and programs such as gyms, cafeterias, and company-sponsored clubs to further promote the growth mindset of the Chetu family. For more information and to see current career opportunities, visit www.chetu.com.

      About Chetu Foundation: Founded in 2018, Chetu Foundation is the non-profit subsidiary of Chetu, a global digital intelligence and software solutions provider. Created to aid its team members in their philanthropic interests, the Chetu Foundation’s mission is based on the principles of “Empowering Children,” “Improving the Quality of Life,” “Giving Back to Communities,” and “Creating and Sustaining Change.” To learn more about the Chetu Foundation and the work of the Chetu team members, visit chetufoundation.org.

      (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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