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    Currently nine trade disputes pending against India under WTO rules: Govt
    MNLU Mumbai Launches MBA in Entrepreneurship & Digital Business Law
    AU Small Finance Bank Savings Accounts: Competitive Interest Rates, Zero-Balance Digital Account Opening and 24x7 Mobile Banking
    Rupee opens on flat note, rises 3 paise to 95.34 against US dollar in early trade
    Meeting of Heads of National Statistical Offices of BRICS Countries “Quality Statistics as Driver of Change”
    Modernization of National Sample Surveys through adoption of digital platforms such as Computer Assisted Personal Interview (CAPI) integrated with e- ...
    Govt hikes windfall gains tax on petrol, diesel, ATF exports
    No guidelines to regulate online astrology platforms: Consumer affairs department to CIC
    Yellow.ai, a Global Leader in Enterprise Agentic AI, to Go Public via $550 Million Merger with Bluerock Acquisition Corp.
    Shri Piyush Goyal Invites Indian and Uzbek Businesses to Co-invest and Co-manufacture; Calls for Doubling Bilateral Trade at India-Uzbekistan Business...
    Every ₹1 invested under Kisan Credit Card– Modified Interest Subvention Scheme (KCC-MISS) contributes ₹2.30 to net value addition in the...
    India achieves near-universal banking coverage, with 99.92% of inhabited villages now served by a banking outlet
    Rupee rises for 6th day, gains 12 paise to 95.31 against US dollar as crude drops
    ACE Software Posts Earnings Turnaround; Standalone Profit Before Tax Up 43% YoY
    Rajya Sabha passes bill to tackle payment delays faced by MSMEs amid Opposition protests
    MPC's 3-day meeting begins amid expectations of status quo on interest rates
    Trane Technologies Reports Strong Second Quarter Results; Raises Full-Year Revenue and EPS Guidance
    CBN dismantles inter-state counterfeit drug network in Bihar under Operation Vajra; mastermind arrested
    DRI seizes quantities of gold; drugs, e-cigarettes and other contraband in pan-India Ops; 20 persons, including 5 foreign nationals, arrested
    Union Government releases tax devolution of ₹1,09,019 crore to State Governments, as one advance instalment to accelerate their capital and deve...
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    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.
    August 4, 2026
    Show AI Summary
    Savings account access expands through video KYC, mobile banking, no-minimum-balance options, monthly interest payments and deposit insurance coverage.
    Savings accounts provide monthly interest payments, liquidity and access to funds, subject to eligibility, internal policies and applicable terms. Digital account opening through Video KYC is available for an account with no minimum balance requirement, supported by mobile banking for UPI transfers, bill payments and balance monitoring. Account variants include premium, value-oriented, agricultural, financial-inclusion, children's and basic no-frills accounts. Deposit insurance applies up to the prescribed limit per depositor per bank.
    August 4, 2026
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    Foreign-exchange market conditions supported a modest early rupee gain, while importer demand and policy data remained key factors.
    Foreign-exchange market conditions supported a marginal early appreciation of the rupee against the US dollar, led by broad US-dollar weakness, improved risk sentiment, lower oil-price levels and foreign portfolio inflows. Importer demand for dollars moderated the movement. Market direction remained linked to the forthcoming monetary-policy decision and US economic data, while reported central-bank activity was described as helping smooth currency volatility. The US dollar index, crude-oil movements, global supply expectations and domestic equity-market activity were relevant exchange-rate influences.
    August 4, 2026
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    Quality statistics drive statistical-system reform through administrative data, interoperable systems, stronger governance, and international cooperation for evidence-based policymaking.
    Quality statistics are advanced through modernised national statistical systems, administrative data, digital public infrastructure, and stronger data-governance and privacy standards. Cooperation among national statistical offices is intended to address data gaps through knowledge sharing, methodological harmonisation and statistical innovation. Discussions also emphasised digital dissemination, transformational statistical reforms, and the use of administrative data for timely, cost-effective and granular official statistics, supported by harmonised metadata, interoperable systems and institutional collaboration.
    August 4, 2026
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    Digital statistical modernisation strengthens survey quality, macroeconomic indicators, international standards alignment and infrastructure performance monitoring through standardised data systems.
    National statistical modernisation uses digital survey platforms with validation checks, AI-enabled support and multilingual interfaces, alongside short-duration surveys and administrative data to improve sampling and timely official statistics. Reforms include base revisions for Gross Domestic Product, Consumer Price Index and Index of Industrial Production; adoption of metadata, quality-assessment and classification standards; and alignment with international statistical principles and methodologies. Sustainable development indicators and infrastructure monitoring are supported through a national indicator framework, PAIMANA and a standardised performance dashboard.
    August 3, 2026
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    Windfall gains tax on petroleum exports increases to discourage exports and preserve domestic fuel availability during regional supply disruptions.
    Special additional excise duty on exports of petrol, diesel and aviation turbine fuel has been increased for the relevant fortnightly period, while existing duty rates for petrol and diesel cleared for domestic consumption remain unchanged. The windfall gains tax is intended to preserve domestic availability of petroleum products during the West Asia crisis and prevent exporters from benefiting unduly from price differences linked to elevated global crude oil prices.
    August 3, 2026
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    Online Astrology Platform Regulation: consumer department reported no guidelines, while information requests required revised factual disclosures.
    Online astrology platforms were reported as lacking specific regulatory guidelines within the consumer affairs department. The RTI application sought information on alleged unfair trade practices, investigations, complaints, licences, approvals, and applicable rules. The National Consumer Helpline stated that it had not investigated because it functions as a grievance-resolution platform. A revised factual response was required on investigations and complaint data, while queries concerning regulation, licences, approvals, and related investigations were to be transferred to the public authorities likely to hold that information.
    August 3, 2026
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    Business combination disclosure outlines shareholder approval, registration requirements, financing conditions, and forward-looking risks for the proposed public listing.
    The proposed business combination would take Yellow.ai public through a definitive agreement with Bluerock Acquisition Corp., subject to customary closing conditions and shareholder approval. Bluerock intends to file a Form S-4 registration statement containing a proxy statement/prospectus for proxy solicitation and securities issuance in connection with the transaction. The communication is not an offer or solicitation and states that no securities offering may occur without compliance with applicable registration, qualification or exemption requirements. Transaction projections and anticipated benefits are forward-looking statements subject to material risks and uncertainties.
    August 3, 2026
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    Bilateral investment and trade facilitation drive proposed co-investment, digital cooperation and advanced manufacturing partnerships between Indian and Uzbek businesses.
    India-Uzbekistan cooperation is proposed through co-investment, co-manufacturing and co-innovation, supported by the Bilateral Investment Treaty to promote investor confidence and reciprocal investment. Priority sectors include mining, textiles, healthcare, agriculture, food processing, digital technologies and advanced manufacturing. Trade facilitation measures include reducing trade barriers, mutual recognition of standards, approvals, testing and certification, customs digitalisation and improved trade routes. Regulators and standard-setting bodies are expected to cooperate under a structured, time-bound economic partnership.
    August 3, 2026
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    Concessional agricultural credit supports working capital, crop diversification, allied activities, and digital expansion under the Kisan Credit Card scheme.
    The Kisan Credit Card-Modified Interest Subvention Scheme provides concessional institutional credit to reduce farmers' interest burdens and improve timely working-capital access. The scheme is reported to support cropping intensity, multi-season cultivation, diversified crop portfolios, timely input use, and credit discipline through the Prompt Repayment Incentive. It also supports dairy, livestock, and fisheries-based income diversification. Credit-delivery measures include collateral-free lending, digital platforms, simplified applications, coverage expansion, and awareness campaigns. State-wise data tracks operative accounts, outstanding credit, and non-performing Kisan Credit Card accounts.
    August 3, 2026
    Show AI Summary
    Banking inclusion expands rural access while digital credit systems and payment security controls address service delivery and cyber fraud.
    Banking inclusion is pursued by providing banking outlets within a five-kilometre radius of inhabited villages, with branch expansion permitted subject to rural-coverage requirements and continuing assessment of uncovered areas. Agricultural credit delivery uses digital loan, beneficiary-verification, processing and claim-settlement systems. Digital payment security measures require minimum controls for payment channels and include fraud-intelligence sharing, artificial-intelligence-based identification of money-mule activity, digital lending-app analysis, cyber-incident reporting, public awareness campaigns and electronic-banking training.
    August 3, 2026
    Show AI Summary
    Foreign exchange market movement strengthened the rupee as lower crude prices, investment inflows and improved risk sentiment provided support.
    Foreign exchange market movement saw the rupee strengthen for a sixth consecutive trading session against the US dollar, supported by declining global crude oil prices, a softer dollar, foreign institutional investment inflows and gains in domestic equity markets. Improved global risk sentiment followed the decision to defer planned US military strikes against Iran and allow diplomatic engagement. Renewed geopolitical tensions were identified as a factor that could limit further appreciation.
    August 3, 2026
    Show AI Summary
    Quarterly financial performance reflects revenue growth, improved standalone profitability, and continued investment in AI-led digital technology platforms.
    Quarterly financial performance reported revenue growth in standalone and consolidated operations, higher standalone profit before tax, and a return to consolidated profitability. The company continues to invest in an AI-led, intellectual-property-driven digital technology strategy through enterprise software, SaaS platforms, digital commerce, cloud, data and AI solutions. Its priorities include scalable platforms, proprietary technology assets, recurring-revenue offerings, partnerships and selective acquisitions. Complete financial results, notes to accounts and regulatory disclosures are available through exchange filings and the company website.
    August 3, 2026
    Show AI Summary
    MSME delayed-payment reforms strengthen award recovery, faster dispute adjudication, invoice discounting, and interim supplier payment protection.
    MSME delayed-payment reforms seek faster adjudication, strengthened recovery and improved liquidity for enterprise suppliers. Courts may direct payment of at least half of an awarded amount where a setting-aside application remains pending beyond six months. Mediated settlements and arbitral awards may be recovered as arrears of land revenue and recognised as legally enforceable debts under the insolvency framework. The measures also provide graded penalties, voluntary digital registration, invoice settlement through the Trade Receivables Discounting System, and additional Facilitation Councils.
    August 3, 2026
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    Monetary policy rate setting remains cautious as inflation, liquidity, growth and global uncertainty shape the policy stance.
    Monetary policy rate setting is expected to remain cautious amid global uncertainty, rising inflation risks and steady domestic growth. The inflation outlook is affected by energy-price pass-through, higher input costs, and seasonal and monsoon-related food-price pressures. Policy decisions are expected to remain data-dependent, guided primarily by domestic inflation, liquidity conditions and economic growth. A cautious or neutral stance is identified as preferable while external risks and inflation developments persist.
    August 3, 2026
    Show AI Summary
    Forward-looking financial disclosure raises revenue and earnings guidance while describing non-GAAP measures, capital allocation, and material business risks.
    Financial performance reporting identifies increased bookings, revenue growth, continuing earnings, and backlog, with segment-level operating and margin measures. The release addresses cash flow, capital allocation through dividends, acquisitions and share repurchases, and increased full-year revenue and earnings guidance. Forward-looking statements concerning financial performance, operations, demand, liquidity and capital deployment are subject to identified risks and uncertainties. Non-GAAP measures are presented as supplemental to GAAP measures, with definitions and reconciliations stated to be available in accompanying materials.
    August 3, 2026
    Show AI Summary
    Counterfeit drug enforcement targets illicit manufacture, storage and trafficking networks, with coordinated seizures and referral of non-narcotic stock.
    Counterfeit-drug enforcement under Operation Vajra addressed an inter-state network involved in the illicit manufacture, storage and distribution of narcotic drugs, psychotropic substances and spurious pharmaceutical products. Searches of unregistered godowns recovered narcotic products, unauthorisedly manufactured Buprenorphine injection ampoules, and counterfeit non-NDPS medicines. A farmhouse-based illicit manufacturing facility was dismantled, with machinery, chemicals and related materials seized under the NDPS Act, 1985.
    August 3, 2026
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    Anti-smuggling enforcement targets concealed gold, narcotics, protected products, prohibited e-cigarettes and restricted imports through coordinated intelligence operations.
    Intelligence-led anti-smuggling operations resulted in seizures of foreign-origin gold, narcotic drugs, hydroponic weed, protected wildlife and forest products, prohibited electronic cigarettes, and restricted poppy seeds and areca nuts. The operations identified concealment through fabricated baggage cavities, false cargo declarations, misdeclaration of origin, forged documentation, and concealment in transport vehicles. Poppy seeds are restricted under the Foreign Trade Policy and may be imported only subject to conditions concerning legally cultivated produce from designated countries and registration of import contracts with the Narcotics Commissioner.
    August 3, 2026
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    Tax devolution advance instalment strengthens State finances for accelerated capital and developmental expenditure through distribution of Union tax proceeds.
    Tax devolution was released to State Governments as an additional advance instalment alongside the normal monthly devolution schedule. The fiscal transfer shares net proceeds of Union taxes and duties with States, with the stated purpose of strengthening State finances and supporting accelerated capital and developmental expenditure. The release includes a State-wise distribution of tax-devolution proceeds.

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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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