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    India's Russian crude imports hit record for second straight month
    Stolen phone of 88-year-old leads Delhi Police to bust interstate cyber-fraud syndicate; 9 held
    Rupee falls 11 paise to close at 95.28 against US dollar on firm crude oil prices
    Loan Utsav 2026: Bajaj Finance Personal Loan Now Comes with an Exclusive Reward Bundle for Eligible Customers
    Freedom to Spend Smarter: AU Small Finance Bank Credit Cards Bring Rewards, EMI Flexibility and Lounge Access to India''s Biggest Shopping Month
    Rupee falls 8 paise to 95.25 against US dollar in early trade
    APEDA Facilitates First-Ever Export of GI-tagged Mithila Makhana by Sea Route from Bihar to Australia
    Government signs strategic MoUs with key industry leaders and ecosystems to strengthen support to StartUps
    No Charges for UPI Users
    Competition Commission of India (CCI) hosts BRICS Heads of Competition Authorities 2026 meeting
    ICoAS fraternity reaffirms commitment to cost optimisation for Atmanirbhar Bharat on ICoAS day 2026
    Govt to introduce bill in Lok Sabha to broaden NCDC's mandate for co-operative sector growth
    AAP govt indulged in large-scale financial irregularities, caused losses to exchequer: Delhi minister
    ED files chargesheets in 2 PMLA cases against Anil Ambani Group companies, ex-executives
    RJD criticises UDF govt's move not to disburse pensions through cooperative banks
    Raymond Limited reports a healthy Q1 FY27 performance
    Why Most People Choose the Wrong Savings Account And How Not to Be One of Them
    RBI has proactively helped UCBs; cooperatives should look at regulator differently: Shah
    Ministry of Agriculture, Food and Rural Affairs and aT Host '2026 K-Food Fair in New Delhi, India'
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    August 10, 2026
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    Russian crude imports reshape India's refining trade as processed petroleum products reach sanctioning jurisdictions despite import restrictions.
    Indian imports of Russian crude oil reached a second consecutive monthly record in July 2026, with Russian crude forming the dominant share of India's Russian fossil-fuel purchases and more than half of total crude imports. Higher receipts through smaller terminals offset reduced volumes at Paradip. Indian refineries processing Russian crude also exported refined petroleum products to sanctioning jurisdictions, including the European Union, Australia and the United States, despite the European Union prohibition on imports of oil products made from Russian crude.
    August 10, 2026
    Show AI Summary
    Cyber-fraud through stolen phones allegedly used mule accounts, banking credentials and coordinated technical operations to divert victims' funds.
    Investigation into unauthorised withdrawals after theft of a mobile phone uncovered an alleged interstate cyber-fraud network using stolen devices, linked banking credentials and mule bank accounts. The scheme allegedly involved phone theft, supply of accounts and banking instruments, and a technical operation that accessed victims' accounts and routed funds for withdrawal or transfer. Digital surveillance, transaction mapping, seized devices, victim data and transaction records are being examined to identify linked complaints and the extent of funds allegedly diverted.
    August 10, 2026
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    Rupee depreciation reflected stronger dollar, elevated crude prices and geopolitical uncertainty, while portfolio inflows and equity gains provided support.
    The rupee depreciated against the US dollar amid a stronger dollar, higher global crude oil prices and uncertainty surrounding West Asia-related negotiations. Concerns over crude oil's potential impact on the trade deficit weighed on the currency, while positive domestic equity markets and foreign portfolio investment inflows provided support. Market caution remained focused on forthcoming US inflation data, dollar-index movements and Brent crude prices. Foreign-exchange reserves increased during the reported period.
    August 10, 2026
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    Collateral-free personal loans offer extended repayment flexibility, conditional reward benefits, and online application subject to eligibility and disbursal requirements.
    Loan Utsav 2026 provides eligible Bajaj Finance Personal Loan applicants an exclusive reward bundle where the loan is successfully disbursed during the campaign period. The collateral-free facility supports personal expenses, offers repayment tenures from 12 to 108 months, and may enable lower monthly EMI obligations through a longer selected tenure. Interest rates depend on eligibility, credit assessment, financial profile and lending criteria. Online applications require personal and financial details and required documents, with disbursal for eligible applicants possible after verification and approval.
    August 10, 2026
    Show AI Summary
    Credit card payment flexibility supports seasonal shopping and travel through eligible EMIs, rewards, tracking tools and conditional merchant benefits.
    Credit-card spending features include conversion of eligible purchases into EMIs, selected no-cost EMI options, reward points, cashback, merchant discounts and payment flexibility. Travel-related benefits may include domestic airport lounge access, travel-booking discounts, fuel-surcharge waiver and anniversary-linked rewards. The AU 0101 application enables transaction tracking, balance and interest-rate monitoring, EMI conversion and bill-payment management. Features and offers are subject to change, customer eligibility, internal policies and partner-merchant terms.
    August 10, 2026
    Show AI Summary
    Foreign-exchange market conditions weakened the rupee as stronger dollar and crude prices offset support from reserve growth and inflows.
    Foreign-exchange market conditions saw the rupee weaken against the US dollar in early trading, influenced by a stronger dollar and higher global crude oil prices. Foreign institutional equity inflows and increased foreign-exchange reserves moderated pressure on the rupee. Market attention remained focused on developments in West Asia and the Reserve Bank of India, alongside movements in the dollar index, crude oil prices and domestic equity markets.
    August 10, 2026
    Show AI Summary
    GI-tagged Mithila Makhana export facilitation expands sea-route market access while supporting quality compliance and farmer-linked value chains.
    Export facilitation for GI-tagged Mithila Makhana enabled the first commercial sea-route shipment from Bihar to Australia. APEDA, in association with the Bihar agriculture department, supported market access, coordination, capacity building and stakeholder engagement. The export model is intended to improve farmer price realisation, require adherence to global quality standards, and strengthen growers, processors and exporters. A separate HS Code for Makhana has taken effect under the Finance Bill, 2025, supporting product-specific trade classification.
    August 10, 2026
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    Startup ecosystem support expands through digital payments, cloud access, AI innovation, investment readiness, governance support and global market programmes.
    DPIIT has entered into strategic MoUs to support DPIIT-recognised startups through payment infrastructure, entrepreneurship development, cloud technology, mobility innovation, investment readiness and global-market access. Eligible startups may receive payment and cloud support, technical training, mentorship, startup formalisation assistance, market and investor connections, AI and mobility enablement, and programmes addressing governance, financial readiness, compliance and international expansion. The collaborations promote innovation across digital payments, clean energy, artificial intelligence, climate technology, advanced manufacturing, mobility and automotive technology.
    August 10, 2026
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    UPI transaction charges remain unavailable for consumers and person-to-person payments, while limited threshold-based merchant MDR may be considered.
    Proposed amendment of section 10A of the Payment and Settlement Systems Act, 2007 is intended to support UPI sustainability, technological advancement and resilience. Consumer payments and person-to-person transactions are to remain free. Any future merchant discount rate would apply only to limited merchant transactions above a threshold, at a nominal rate, while most merchant transactions remain free. The framework supports investment in cybersecurity, fraud prevention and infrastructure, alongside a self-sustaining and inclusive digital-payment ecosystem.
    August 10, 2026
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    Fair competition cooperation in renewable energy markets advances knowledge-sharing and evidence-based enforcement across interconnected digital and energy markets.
    BRICS competition authorities adopted a Joint Statement strengthening cooperation to promote fair competition, including in renewable energy markets. Cooperation focuses on dialogue, knowledge-sharing and consideration of cross-border competition challenges in digital markets, emerging technologies and the energy transition. Competition enforcement is to remain principled and evidence-based, supporting efficiency, consumer welfare, innovation and merit-based competition. A collaborative renewable-energy competition study identified evolving market dynamics and areas for future cooperation.
    August 10, 2026
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    Cost optimisation in public finance strengthens investment decisions, risk allocation, indigenous manufacturing and value-driven government expenditure through specialised financial expertise.
    ICoAS cost optimisation supports public financial management through prudent resource utilisation, financial oversight and improved cost management across government. Its role includes supporting indigenous manufacturing, better investment decisions, efficient public expenditure and maximum value for public spending. With greater private-sector participation and Public-Private Partnerships, ICoAS officers are expected to promote cost efficiency, appropriate risk allocation and sound project structuring. Capacity building emphasises integrity, financial modelling, data visualisation, analytical frameworks and artificial intelligence for improved public-finance management.
    August 9, 2026
    Show AI Summary
    Co-operative development financing would expand through direct assistance, share-capital participation and wider operational powers for sectoral support.
    National Cooperative Development Corporation (Amendment) Bill, 2026 proposes to broaden the Corporation's mandate to promote co-operative development. It would permit direct loans and grants to co-operative societies and other entities engaged in co-operative development, where funds are used for co-operative purposes. With Central Government approval, the Corporation could participate in the share capital of such entities. The proposals also expand the meaning of foodstuffs, remove geographical restrictions for industrial-goods assistance, and provide additional functional powers.
    August 9, 2026
    Show AI Summary
    GST compliance failures and electricity subsidy controls raise allegations of financial irregularities and potential losses to the public exchequer.
    Allegations based on a Comptroller and Auditor General report identified purported GST compliance failures involving outstanding tax liabilities, e-way bills generated after cancellation of GST registrations, limited bill scrutiny, non-compliance, and turnover mismatches. The allegations also concerned electricity subsidies extended to consumers with prolonged zero bills or apparent non-residence, presenting these issues as possible financial irregularities and losses to the public exchequer.
    August 9, 2026
    Show AI Summary
    Money-laundering prosecution complaints allege fund diversion through shell entities, credit-facility evergreening, layered transactions and fictitious project expenditure.
    Money-laundering prosecution complaints allege that funds from toll-road projects and credit facilities were diverted through group companies, contractors, shell entities and conduit accounts. In the toll-road matter, allegedly sham or back-dated subcontracting arrangements and subsequent documentation were used to portray transfers as genuine project expenditure. In the credit-facilities matter, fresh facilities were allegedly used to repay, rotate and evergreen earlier liabilities rather than for sanctioned end-use, with funds layered and presented as legitimate business expenditure or receipts. Attached assets are sought to be confiscated as alleged proceeds of crime.
    August 9, 2026
    Show AI Summary
    Direct Benefit Transfer pension disbursement replaces cooperative-bank doorstep delivery, while preserving home payments for beneficiaries unable to use bank accounts.
    Direct Benefit Transfer of social security and welfare pensions to Aadhaar-linked bank accounts is intended to replace cooperative-bank doorstep delivery, except for bedridden and similarly situated beneficiaries. The change addresses delays in remitting undistributed pensions, deficient record updates and reconciliation, duplicate payments, delivery incentives, and compliance with Direct Benefit Transfer norms. Criticism focuses on beneficiary access to linked commercial-bank accounts, possible minimum-balance deductions, exclusion of cooperative banks, and the effect on doorstep-delivery workers.
    August 8, 2026
    Show AI Summary
    Engineering business growth supported Raymond's first-quarter performance, with export expansion, capacity investment and net-debt-free financial flexibility.
    Raymond Limited reported unaudited first-quarter FY27 growth in total income, EBITDA and profit before tax before exceptional items, while remaining net-debt-free with a net cash surplus. Its Engineering business comprises Precision Technology & Auto Components and Aerospace & Defence. Growth in the former was attributed to export expansion, operating leverage, product mix and cost reductions. Aerospace & Defence growth was linked to production for global OEMs, portfolio expansion and increased capacity, although margins were affected by targeted research and development investment. Forward-looking statements remain subject to regulatory, political, economic and technological risks.
    August 8, 2026
    Show AI Summary
    Savings account selection requires comparison of effective interest, fees, digital service, access, and individual banking needs.
    Savings-account selection should compare effective interest returns under slab-based rates, recurring operating charges and the customer's actual banking needs. Net value depends not only on advertised rates but also on relevant minimum-balance, card, ATM, alert and transfer fees. Digital reliability, customer support, branch availability and ATM access should be assessed according to the customer's average balance, cash use, transfer frequency, travel patterns and need for in-person assistance. The suitable account is one that matches real banking behaviour.
    August 8, 2026
    Show AI Summary
    Urban cooperative bank regulation promotes licensing, governance, compliance support and cybersecurity measures to strengthen stability and depositor confidence.
    Urban cooperative banks are encouraged to recognise regulatory support through liberalised branch opening, doorstep banking, demand drafts, life certificates, dedicated regulatory coordination, enhanced gold-loan limits, one-time settlements and progress towards on-tap licensing. Sound governance is material to sectoral stability, while small-borrower lending is presented as a comparatively safe lending segment. The umbrella body can support member banks through technical expertise, compliance assistance, cybersecurity solutions and participation in a security operations centre to strengthen depositor confidence.
    August 8, 2026
    Show AI Summary
    Korean food export promotion combines buyer consultations, regulatory guidance and consumer experiences to support entry into Indian and South Asian markets.
    Korean food export promotion in India and South Asia combined business consultations with consumer-facing activities. Individual meetings connected Korean exporters with regional buyers and generated memoranda of understanding for products including frozen gimbap, ginseng wine and kombucha. Exporters received on-site guidance concerning non-tariff barriers, including food import customs clearance and certification requirements. Preparatory online sessions addressed import procedures, regulatory matters and consumer trends, while consumer events promoted Korean food through tasting, retail and experiential activities.
    August 8, 2026
    Show AI Summary
    Illegal immigration enforcement prioritises dismantling entry, documentation and employment networks while requiring citizens to report information through police channels.
    Illegal immigration enforcement involves continuous identification and verification operations, coordination with relevant officials, and confidential investigation of networks facilitating entry, identity documentation, accommodation and employment. Enquiries extend to intermediaries, contractors, Aadhaar procurement and verification practices, rather than focusing only on apprehended individuals. Citizen vigilantism, moral policing and social-media targeting of suspected migrants are discouraged because they may compromise investigations; information should instead be given through proper police channels.

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      25th Edition of Asian Business & Social Forum 2025 and SIT20 Summit

      April 21, 2025

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      New Delhi [India], April 21: AsiaOne Media Group successfully hosted a mega summit namely the 25th Edition of Asian Business & Social Forum 2025 and SIT20 (Saudi Arabia – India – Thailand 20) Conference at the majestic Bharat Mandapam in New Delhi on 16th April 2025, which was attended by eminent personalities from the realm of business, politics, cinema, and arts from all over the globe. The centre of attraction was the participation of diplomats of 20 countries, 2 ministers and distinguished leaders from varied spheres.

      The Forum was graced by the esteemed presence of Prof. S.P. Singh Baghel, Hon'ble Minister of State for Fisheries, Animal Husbandry and Dairying and Panchayati Raj, Government of India, and Shri Puran Chand Nailwal, Hon'ble Minister of State, Uttarakhand Government, and diplomats comprising Ambassadors, Deputy Ambassadors, High Commissioners, and Consuls from the countries of Argentina, Cambodia, Ethiopia, Iceland, Jordan, the Gambia, Kazakhstan, Nepal, Tanzania, Tunisia, Jamaica, Montenegro, Peru, Seychelles, Mongolia, Maldives, Thailand, Uganda, and Zimbabwe. The Forum threw open opportunities to gain valuable insights through some of the significant keynote speeches by prominent personages. It also facilitated networking with renowned leaders from business, social and political spheres.

      The enthralling congratulatory message for AsiaOne by Dr. Ramdas Athawale, Hon’ble Minister of State for Social Justice and Empowerment, Government of India, took the audience by storm. He praised AsiaOne’s efforts in recognising business excellence from all over the globe.

      Throwing open the summit with his welcome speech, Mr. Rajat Raj Shukal, Global Head and Principal Partner, AsiaOne Media Group, said, “Today, it is all about shaping Global business architecture, thus, AsiaOne is being instrumental in bringing together business leaders, diplomats and political leaders from all over the world and through greatest leaders and Asian Business and Social Forum, our endeavour is to bring the people together to this platform of excellence where all these participating brands leaders come together to discuss debate and prepare roadmap for excellence and success leading to sustainable development and eventually march towards a developed India ‘Viksit Bharat’.” Hon’ble Minister Prof. SP Singh Baghel applauded AsiaOne for its endevour to recognize brands and leaders for their exemplary work. He added that good and credible international platforms like AsiaOne become indispensable in this regard. He further asserted that the recognition being given to business brands and leaders through AsiaOne motivates them and also motivates other people such as emerging leaders to move ahead, achieve their goals and contribute to the development of this country.

      Dr. J.C. Chaudhry, Founder and Chairman, Chaudhry Nummero Pvt. Ltd., talked about the importance of spirituality and its impact on business. He was of the view that spirituality is all about self-control and self-devotion and both these qualities are required very much in the world of business. He also showcased the massive ‘Char Dham’ project and invited the audience to visit it at the pious land of Vrindavan.

      Mr. N.B. Naik, Founder and Managing Director of Shares Bazaar and the visionary behind Kisaan Parivar is a dynamic entrepreneur and has been instrumental in transforming the landscape of financial literacy and investment awareness in India. Through Shares Bazaar, he has empowered countless individuals to take control of their financial futures, while Kisaan Parivar reflects his deep-rooted commitment to the upliftment and welfare of India’s farming community. His dual focus on financial inclusion and rural development makes him a true changemaker in both urban and grassroots economies. We were honoured to have his team with us during the event, and everyone applauded his continued dedication to building a more financially informed and socially inclusive India. His popular venture, Where2Invest offers technology-driven alternative investment solutions specializing in identifying market opportunities, targeting premium assets, and riding market trends for long-term wealth creation.

      During the launch of his biography titled ‘Sangharsh, Safalta Se Samarpan Tak,’ Shri Puran Dawar, Chairman, Dawar Group, said, “Struggle always takes a person forward in life.” Dr. Aashish Chaudhry, Chief Orthopedic Surgeoon and Managing Director, Aakash Healthcare Super Speciality Hospital, stressed upon the excellent level of healthcare services, expertise and infrastructure India offers at one fifth to one tenth of the cost incurred in the western countries. “So, let's all together promote healthcare tourism in India and we all need to position India as a global healthcare hub (Vishwa Chikitsalay),” he asserted.

      Mr. Ved Mani Tiwari, CEO of NSDC and Managing Director of NSDC International, said, “we have created NSDC Digital as one platform where the education ecosystem and the skill ecosystem and the employment and entrepreneurship world, they all come together and create opportunities for youth of this country. I will highly recommend that all of you should download that app.” Mr. Alok Kumar, CEO, NSDC International, and Mr. Nitin Kapoor, Vice President, NSDC Academy talked about importance of skilling. They elaborated upon the fact that India supplies skilled manpower to the world and within India too skilling is required with futuristic vision and that is what NSDC is doing through public private partnership through various other joint ventures and collaborations.

      ASIAONE Unifying Global Economies: SIT20 Round Table Conference – Shaping Global Business Architecture With a focus on unifying diverse economies, SIT20 emerged as a landmark inter-business forum, playing an instrumental role in shaping and strengthening the global architecture for business expansion, joint ventures, and cross-border collaborations. At the conference, many diplomats talked about the resources and assets of their countries. They also promoted their countries as tourism and investment destinations and invited the participating delegates to come forward for joint ventures, investments and collaborations. The Ethiopian Ambassador, H.E. Mr. Fesseha Shawel Gebre, Ambassador of Peru, H.E. Mr. Javier Paulinich, High Commissioner of Jamaica, H.E. Mr. Jason Hall, H.E. Prof. Joyce Kakuramatsi Kikafunda, Uganda’s High Commissioner to India, H.E. Mrs. Harisoa Lalatiana Accouche, High Commissioner of Seychelles, H.E. Dr. Janice Darbari, Consul General of Montenegro andAmbassador of Mongolia, H.E. Mr. Ganbold Dambajav talked about the opportunities of collaboration at the conference.

      The 2nd edition of Dr. J. C. Chaudhry Excellence Awards was also organized during the event. The Dr. JC Chaudhry Excellence Award stands as a distinguished accolade, created to celebrate outstanding leaders and organizations across the globe. This prestigious award honours not only their remarkable achievements in field of work but also their profound contributions to societal well-being. Named after Dr. JC Chaudhry, a visionary renowned for his unwavering dedication to excellence and community impact, the award seeks to recognize those who exemplify the harmonious blend of commercial success with social responsibility. By advancing economic growth while fostering positive community development, these leaders embody the true essence of sustainable progress.

      Some of the winning brands and leaders at the forum were: Dr. J. C. Chaudhry, Founder & Chairman Chaudhry Nummero and CHAR DHAM (Jay Kay Trust), Mr. Nanavath Bhupal Naik, Founder & Managing Director of Shares Bazaar & Founder of Kisaan Parivar, Shares Bazaar, My Hub Technologies, Dr. Tapan Singhel, MD & CEO, Bajaj Allianz General Insurance, Dr. Aashish Chaudhry, MD, Aakash Healthcare Super Speciality Hospital, Mr. Munagala Shyam Prasad Garu, Chairman and Managing Director, Tenali Double Horse Group, Mr. Ved Mani Tiwari, CEO – NSDC & MD – NSDC International and National Skill Development Corporation (NSDC), Mr. Harish Kohli, President and Managing Director, Acer India, Rambhajo’s, Mr. Satish Vijaywargi, CEO & Founder - Serene Pharma, Dr. Anju Majeed, Group Executive Chairperson, Sami-Sabinsa Group and Mr. Shaheen Majeed, Global CEO & MD (D. Litt.), Sami Sabinsa Group, Dr. Anton Ravindran, President, Alliance for AI & Humanity (AAIH), Mr. Chetan Singh Hayer, MD, Hayer One Group, Hacker India, Mr. Deepak Thakur, MD & CEO, Mahindra Susten, Dr Sharad Mehra, Regional CEO, Asia and Australia, GUS Global Services (GGS), Mr. Susanta Mohapatra, CEO & CTO, CrudeChem Technology Inc., Mr. Nitin Jain - Chairman & Managing Director and Mr. Hemant Daga - Co-founder & CEO, Neo Wealth & Asset Management, Welspun Living Limited, Dr. Shruti Sharma, CEO, Brindavan Group of Institutions, Mr. Varchasvi Gagal, MD & CEO, Datta Power Infra Private Limited, Mr. Swapnil Agarwal, CEO - Nitya Capital, Mr. Vishal Jain, Pro Chancellor, Vidya University, Case Group, Sanjay Speech Hearing and Rehabilitation Center, Luminous Power Technologies, The Indian Lawyer & Allied Services, Gastro 360, Hylife Group, Finding Roots, FUNDSINDIA PVT WEALTH, Learning Links Foundation, Aspect Global, SBI General Insurance, MyDigi Records, Institute of Rural Management Anand, Cadmech Engineering, Priyadarshani Group of Schools, Kirby Building Systems and structures India, VEN Consulting India, EIILM - Kolkata, Gandour India, Mr. Manish Saxena, Founder & CEO, Meraki Projects India, Masters Logistics Solutions Group, Abdul Samad Al'Qurashi Group, Kesavardhini Products, GLS University, Solis Hygiene Private Limited, Essentia Environments, White Lotus Group, Divine Vision Infratech Pvt. Ltd., Oak & Stone, and others.

      About AsiaOne AsiaOne is a leading international media house and the only business and news magazine with a presence in over 16 countries across Asia, the Middle East, Americas and Africa. AsiaOne has earned its reputation as the "Business Oscars" of the industry. AsiaOne Greatest Brands & Leaders TV series reaches over 38 million viewers across 30 countries and holds a prestigious position in the World Book of Records UK for its significant impact.

      To learn more about the event, research and the greatest brands and leaders, visit www.theworldsgreatestbrands.com, www.theasiasgreatestbrands.com, www.theindiasgreatestbrands.com, www.asiaone.co.in, and www.asiaone.me or write to us at [email protected], [email protected], [email protected], and [email protected].

      (Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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