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    NUMR Inc. helps deliver Axis Bank's data-driven excellence in customer experience
    ED can't add old FIR to Enforcement Case Information Report to sustain PMLA proceedings: Delhi HC
    Rupee settles on flat note, 3 paise higher at 95.71 against US dollar
    VinFast India Partners with Federal Bank to Strengthen Dealer Financing Ecosystem
    Sugar prices soar to Rs 70 per kg ahead of festive season in Bengal, jaggery also dearer
    Rupee gains 9 paise to 95.65 against US dollar in early trade
    Union Minister of State for Finance Shri Pankaj Chaudhary participated virtually in 21st Award Ceremony of Security Printing and Minting Corporation o...
    Over 745 gram gold paste seized at IGI; Customs nab carrier, receiver
    Quebec remains cautious on Canada-US trade deal as Ottawa pushes to restore US alcohol
    No cases of foreigners getting Aadhaar, other govt benefits reported during SIR in K'taka: Minister
    Govt allows free imports of 10 lakh tn raw sugar until Oct 31; caps sugar stock for bulk consumers
    Govt allows free imports of 10 lakh tn raw sugar until Oct 31
    DFS Organises Workshop to Strengthen Implementation of Reservation Policy Across Public Financial Institutions
    DPIIT Signs MoUs with PhonePe and Shell India to Strengthen Startup Ecosystem and Drive Innovation
    Union Minister of Commerce and Industry Shri Piyush Goyal Strengthens India-Singapore Economic Partnership through High-Level Bilateral and Business E...
    A Vision for Responsible AI, Resilient Banking - Keynote Address [Contributions by RBI colleagues Ms. Chandni Trehan Saluja and Ms. Kavita Gangwal, De...
    Razorpay Launches Multi-Currency Account, Helping Exporters Retain International Earnings in Foreign Currencies
    DB HiTek to Make Debut at electronica India 2026, Targeting Growth in Indian Market
    BJP demands Vijayan’s resignation from Keralam LoP post over ED findings in CMRL case
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    August 21, 2026
    Show AI Summary
    Customer experience analytics enables banks to convert real-time feedback into operational improvements across high-value customer journeys.
    Customer experience analytics is used in banking to transform customer data and real-time feedback into operational improvements across key customer journeys. Operational teams retain responsibility for strategy and execution, supported by in-house analytics and technology platforms for multi-channel journey mapping, journey analytics and prioritisation of high-value customer segments. AI-driven customer experience management tools capture customer signals, analyse journey performance and operationalise actionable insights across teams.
    August 21, 2026
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    Predicate-offence dependency limits retrospective addition of old FIRs to preserve money-laundering proceedings after the original scheduled offence is closed.
    Predicate-offence dependency under the Prevention of Money Laundering Act requires an ECIR to rest on a subsisting scheduled offence. Closure of the FIR forming its basis through an accepted cancellation report prevents continuation of money-laundering proceedings unless that closure is overturned. A previously registered FIR cannot be belatedly added merely to preserve an existing ECIR and coercive powers. Where statutory requirements are met, an independently registered ECIR may be required. Expansion of an ECIR cannot rest solely on tenuous factual links between successive disputes.
    August 21, 2026
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    Indian rupee export invoicing rules now permit overseas contracts and invoices in rupees or foreign currency for eligible destinations.
    Foreign Trade Policy provisions were amended to facilitate invoicing of overseas exports and receipt of export payments in Indian rupees. For exports to countries outside the Asian Clearing Union, export contracts and invoices may be denominated in Indian rupees or any foreign currency, replacing the earlier general requirement that export earnings be received in a freely convertible currency. The applicable requirements vary according to the destination country.
    August 21, 2026
    Show AI Summary
    Dealer inventory financing supports working-capital flexibility, vehicle inventory management and electric-vehicle network expansion for authorised dealers.
    Dealer inventory financing is to be provided by Federal Bank to VinFast India's authorised dealer network under a memorandum of understanding. The tailored financing is intended to improve dealers' working-capital flexibility, support maintenance of vehicle inventory, strengthen operational capability, and enable timely response to demand as the electric-vehicle distribution network expands.
    August 21, 2026
    Show AI Summary
    Sugar supply pressures drive festive-season price increases as imports, stockholding limits and ethanol diversion shape market conditions.
    Sugar prices in Bengal have risen sharply ahead of the festive season, with higher prices also affecting jaggery and other sugar-derived products. Supply constraints, mill stock releases, lower production in Brazil, ethanol diversion and possible hoarding have been identified as contributing factors. Raw-sugar imports have been permitted to augment availability, while stockholding restrictions limit inventories of specified bulk consumers. Lower projected closing stocks and possible future production effects from El Nino may sustain pressure on sugar availability and increase costs for sweetmeat producers.
    August 21, 2026
    Show AI Summary
    Foreign currency inflows and FCNR(B) deposits supported rupee sentiment, while oil prices and geopolitical risks constrained currency strength.
    The rupee strengthened marginally against the US dollar as the dollar index softened, but elevated crude oil prices, geopolitical uncertainty, reduced foreign participation and net foreign equity outflows constrained currency sentiment. RBI measures to attract foreign currency inflows, including FCNR(B) deposits, were expected to generate substantial inflows, although these had not produced meaningful rupee strength. Energy-market disruption and restrictions on fuel exports through the Strait of Hormuz added to external-sector pressures.
    August 21, 2026
    Show AI Summary
    Sovereign security production priorities emphasise compliance, modernisation, employee innovation and operational excellence across currency, passport and coinage manufacturing.
    SPMCIL performs a sovereign production mandate covering secure currency, coinage, passports and other products of national importance through its mints, currency presses, security presses and paper mill. Modernisation, compliance, transparency, efficiency, productivity, quality and corporate governance support the fulfilment of sovereign requirements. Individual employees and units were recognised for performance in productivity, environment and safety, energy conservation, knowledge and development, vigilance, and official-language implementation.
    August 20, 2026
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    Customs enforcement against suspected gold smuggling leads to baggage seizure and apprehension of the alleged intended receiver.
    Customs officers intercepted an arriving passenger at the green channel on intelligence inputs and examined baggage after X-ray screening indicated suspicious images. The examination recovered two oval capsules containing gold paste concealed in the baggage. Interrogation indicated that an alleged receiver was waiting outside the airport to collect the suspected smuggled gold. Customs officers apprehended the alleged receiver, and further investigation remains underway.
    August 20, 2026
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    Provincial alcohol sales restrictions remain subject to economic impact assessment under proposed bilateral trade agreement negotiations.
    Provincial control over alcohol distribution remains distinct from federal trade-making authority. Quebec retains authority over whether United States alcohol is offered through its government-controlled liquor distribution system, despite lacking a veto over a bilateral trade agreement. Federal requests to restore United States alcohol to retail shelves cannot compel provincial action. Proposed trade commitments also concern restrictions on United States agricultural products and Canada's dairy import regime, which applies lower tariffs within designated import volumes and higher duties beyond those volumes.
    August 20, 2026
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    Electoral-roll verification found no reported cases of specified foreign nationals receiving identity-linked benefits or voter registration.
    Electoral-roll special intensive revision recorded no reported cases of Pakistani, Bangladeshi or Iranian nationals obtaining Aadhaar cards, ration cards, other government benefits, or voter registration. Illegal immigrants are identified through police monitoring, intelligence measures, specialised operations and a Special Task Force. Overstayers are recorded through the District Police Module and Foreigners Identification Portal and produced before Foreigners Regional Registration Officer authorities. Persons found to be residing illegally are reported to the concerned central divisions, proceeded against through registered cases, retained pending case disposal and exit permits, and subjected to deportation steps.
    August 20, 2026
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    Raw sugar tariff-rate quota permits duty-free imports while bulk consumers face consumption-based sugar stockholding limits.
    Raw sugar imports are permitted duty-free under a tariff rate quota until 31 October 2026, with online allocation to eligible millers and refiners having functional refining capacity. Applicants must provide a refining-capacity declaration and supporting Consent to Operate; preference applies to importers undertaking timely completion of imports, while non-utilisation or failure to surrender allocations constitutes non-compliance. Bulk sugar consumers meeting the prescribed consumption threshold are subject to a stock cap of 15 days' consumption from 1 September to 30 November 2026.
    August 20, 2026
    Show AI Summary
    Duty-free raw sugar imports under tariff rate quota seek to improve domestic supply and contain rising sugar prices.
    Duty-free import of 10 lakh metric tonnes of raw sugar is permitted under a tariff rate quota until 31 October 2026. The import-policy measure seeks to increase domestic raw-sugar availability and restrain rising local prices amid reduced opening stocks. Price-containment measures also include a stockholding limit for bulk consumers using more than 10 tonnes of sugar monthly, restricting holdings to 15 days' consumption.
    August 20, 2026
    Show AI Summary
    Reservation policy implementation is strengthened through capacity building, uniform institutional practices, welfare measures, and improved financial accessibility for Divyangjans.
    Reservation policy implementation across Public Sector Banks, Public Sector Insurance Companies, sectoral regulators and Public Financial Institutions is being strengthened through a capacity-building workshop. The programme seeks uniform and effective application of Government reservation policies and related welfare measures. Senior human-resource functionaries and Chief Liaison Officers considered practical implementation issues, actionable measures for consistency, and operational concerns. It also focuses on improving accessibility of financial services for Divyangjans.
    August 20, 2026
    Show AI Summary
    Startup ecosystem support expands through digital infrastructure, mentorship, market linkages and specialised assistance for energy and climate-tech innovation.
    DPIIT's collaborations with PhonePe and Shell India create support mechanisms for DPIIT-recognised startups through technology access, digital infrastructure, mentorship, market opportunities and industry networks. PhonePe will provide transaction credits, access to the Indus AppStore, onboarding support, brand visibility, and training on fintech, sales, go-to-market strategy and business scaling. Shell India will assist energy and climate-tech startups through mentorship, strategic guidance, investor and incubator connections, participation opportunities, and knowledge-sharing materials on innovation and best practices.
    August 20, 2026
    Show AI Summary
    India-Singapore economic cooperation advances through trade, investment, technology and business linkages, including agriculture, fintech and sustainable infrastructure collaboration.
    India-Singapore economic cooperation was advanced through ministerial, business and government-to-business engagements focused on deepening bilateral trade, investment, technology and commercial linkages. Discussions addressed agri-exports, GCC-based commercial parks, fintech and sustainable infrastructure, alongside expanding agricultural market linkages. The engagements reinforced commitment to strengthening trade, investment, technology and business-to-business cooperation.
    August 20, 2026
    Show AI Summary
    Responsible AI banking requires human oversight, explainable customer decisions, fair conduct, resilient systems and inclusive credit access.
    Responsible AI in banking must promote inclusion, resilience and customer trust while preserving human judgement, governance accountability and clear responsibility. AI and alternative data may widen access to credit where data is obtained with consent, tested for reliability and bias, and used prudently. Banks must maintain capacity to challenge models, oversee providers, test systems under adverse conditions and intervene when automation fails. Material customer decisions must be explainable, clearly communicated and subject to review by an authorised person. Fair conduct, meaningful disclosure, impartial complaint review and transparent communication remain essential throughout the customer relationship.
    August 20, 2026
    Show AI Summary
    Multi-Currency EEFC settlements let exporters retain foreign earnings and choose conversion timing for overseas payment obligations.
    Multi-Currency EEFC Account settlements enable exporters and international businesses to receive payment settlements directly into Exchange Earners' Foreign Currency accounts in the original transaction currency without immediate conversion into Indian rupees. Retention of foreign currency earnings permits businesses to choose when conversion is required, reducing repeated foreign-exchange conversion cycles and supporting management of foreign-currency cash flows and overseas obligations.
    August 20, 2026
    Show AI Summary
    Power semiconductor foundry expansion targets Indian fabless customers through technology showcasing, process development, and collaboration in the growing semiconductor market.
    DB HiTek seeks to expand foundry business with Indian fabless semiconductor companies by showcasing power semiconductor and specialised process technologies. Its commercial focus includes BCD processes for automotive and industrial applications, together with silicon-carbide and gallium-nitride process development and planned volume production. Product-performance evaluations are underway with strategic customers. Customer expansion also covers X-ray, global-shutter, single-photon avalanche diode, specialty CIS, and mixed-signal/RF processes, supported by collaboration with local fabless firms.
    August 20, 2026
    Show AI Summary
    Money-laundering allegations over payments without services raise concerns about overseas transfers, identity-linked communications, and mineral smuggling.
    Money-laundering allegations concern claimed payments by Cochin Minerals and Rutile Ltd. to Exalogic Solutions Pvt. Ltd., a company promoted by Veena T., without corresponding services. Searches reportedly yielded handwritten material referring to fund transfers to Dubai and digital material relating to a SIM card obtained in another person's name. Further allegations included overseas fund movement, hawala transfers, and possible thorium or monazite smuggling, all presented as allegations requiring examination.
    August 20, 2026
    Show AI Summary
    Exchange stabilisation support aims to strengthen foreign-exchange resilience, reduce rollover dependence and restore access to longer-term market financing.
    Pakistan has sought a proposed Exchange Stabilisation Support Facility to reinforce foreign-exchange stability and signal currency resilience to international capital markets. The strategy seeks to reduce reliance on short-term bilateral loans, deposits and rollovers by moving towards market-based financing with longer repayment periods. Improving sovereign creditworthiness through engagement with credit-rating agencies is intended to facilitate international market access, lower borrowing costs and enable longer-maturity debt raising.

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      Chandigarh University kick-starts admissions session 2025 for Online UG & PG Programs

      May 26, 2025

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      Chandigarh University in collaboration with Harvard Business Publishing is offering Case-study and Simulation-based practical learning in Online programs CHANDIGARH, India, May 26, 2025 /PRNewswire/ -- India's number 1 ranked private university, Chandigarh University has been achieving new milestones in academic excellence and redefining the paradigms of global higher education today. To make quality education accessible, flexible and affordable for all, Chandigarh University Online, which is a UGC-recognized and NAAC A+ accredited institution, has started admissions for its 2025 academic session by inviting aspiring candidates to enroll in its globally recognized cutting-edge online degree programs from across India and overseas.

      Introduced in 2021, Chandigarh University Online, in a short span of 3 years, has become the most sought-after destination to pursue higher education in the country, which can be gauged from the fact that more than 15,000 students are pursuing their higher education at India's number 1 private university in the current academic session. More than 5,000 CU Online students have successfully completed their degrees and received degrees in various academic domains from CU Online. Moreover, 2500 international students from 54 countries also pursued their higher education from Chandigarh University Online. More than 25,000 students, including alumni, have enrolled themselves to take online courses at CU Online in the last 4 years.

      Designed to meet the demands of the rapidly evolving job market, Chandigarh University Online is offering 11 Graduate and Post Graduate degree programs in Management, Humanities, Computer Applications, Mass Communication and Science, including BBA, BCA, BA JMC, BBA Business Analytics, BBA ACCA, MBA, M Sc Data Science, MA English, MA JMC, MSc Mathematics, MBA Business Analytics and MA Economics. These programs are delivered through an advanced Learning Management System (LMS), providing students with a personalized and self-paced learning experience in a flexible environment. CU Online offers 23 specializations in Master of Business Administration (MBA).

      Masterclass in Experiential Learning by Global Industry Giants The meteoric rise of CU Online can be attributed to the academic ethos nurtured here, which is premised on experiential learning that is tailored specifically to cater to the demands of the industry. In fact, the curriculum for various academic domains is not only designed but 60 per cent of academic sessions including masterclasses are conducted by the industry leaders themselves. CU Online has established academic collaborations with industry giants such as Google, Microsoft, Wipro, L&T, Procter & Gamble (P&G), Bank of America, Ernst & Young, DHL and Fed X among others.

      CU Online Collaborates with Harvard Business Publishing Education to provide Case-Based Teaching & Simulated Learning To provide students with case study-based experiential learning opportunities, Chandigarh University Online has launched the 'Case-Based Teaching & Simulation' Program in collaboration with Harvard Business Publishing Education. As part of the collaboration, the students of CU Online not only get access to the repository of Harvard Business Publishing Education that has more than 30,000 corporate case studies and but also get exposure to learn in a simulated environment where they can take on roles in dynamic business environments, arming them to take real-world challenges of the business world head on.

      Under theHarvard ManageMentor Module program, in collaboration with Harvard Business Publishing Education, CU Online has been offering 10 skill-based certification courses (6 months) to its students that help students develop the most in-demand skills for the global job market. As many as 1,000 Chandigarh University Online students have already completed these 10 certification courses, and out of total 15,505 students (CU Online), as many as 12,136 students have enrolled for these courses so far. These certifications have been empowering students with practical skills that are highly valued by employers worldwide.

      Unique Blend of Digital Pedagogy & Self-Paced Learning Chandigarh University Online has a unique blend of digital pedagogy and self-paced learning that offers rich e-content through thousands of hours of live and recorded sessions throughout the academic session.

      CU Online gives direct access (online and offline modes) to over 1 million of globally recognized publications, including renowned journals, research papers, scholarly articles, industry reports, case studies and reference books from renowned publishers among others through MyLoft (My Library on Fingertips), which is a web-based and app-based digital library delivery system that enriches and enhances the learning experience of its students anytime, anywhere.

      Personalized Learning & Campus Immersion Program Personal Contact Program (PCP) designed by Chandigarh University Online provides students with opportunities to connect, engage and immerse themselves in the university experience through on-campus visits. The PCP or Campus Immersion Program of CU Online facilitates face-to-face interactions among students, faculty and industry leaders. The direct student engagement under PCP provides networking opportunities, hands-on learning on live projects, workshops & seminars, access to central library, high-tech R&D labs and industry-sponsored Centre of Excellences at Chandigarh University campus. CU Online provides personalized learning opportunities to its students using advanced adaptive learning technologies that provide curated content aligned to global standards, real-time feedback and tailored academic support to ensure each student receives unique and effective learning experience with features such as progress tracking, personalized assessments, one-on-one mentoring and experiential learning in simulated environments.

      Mentor-Mentee Program (Office Hours) To get their academic queries resolved, CU Online faculty members provide one-on-one or small group academic support. As part of the Mentor-Mentee program, CU Online students can book virtual slots for course-specific queries, guidance on assignments, projects or case studies. Through Office hours, faculty members also provide insights into real-world applications of academic concepts and help students strategize for exams or assessments.

      EMIs for Financially Deprived Students With the introduction of EMI facility for students, quality education has become more accessible and affordable for all. To empower students coming from financially deprived backgrounds, CU Online has introduced the provision of EMI (Equated Monthly Installment) options for students pursuing its online degree programs. This initiative aims to ease the financial burden on students and provide them with greater flexibility in managing their fees payment.

      Interested candidates can contact the toll-free number of CU Online: 1800-1213-88800 or apply directly by visiting the website: Onlinecu.in.

      CU Online Degree Equivalent to Regular Degree As per UGC, the value or merit of an academic degree awarded through Open and Distance training or Online mode by Higher Educational Institutions is equivalent to corresponding awards of the Degrees at undergraduate and postgraduate level and post graduate diplomas offered through conventional or regular mode from government as well as private institutions. Moreover, pursuing a degree from CU Online also endows global networking opportunities and opens up several international employment avenues for students as the university is recognized by World Education Services (WES).

      About Chandigarh University Chandigarh University is a NAAC A+ Grade University and QS World Ranked University. This autonomous educational institution is approved by UGC and is located near Chandigarh in the state of Punjab. It is the youngest university in India and the only private university in Punjab to be honoured with A+ Grade by NAAC (National Assessment and Accreditation Council). CU offers more than 109 UG and PG programs in the fields of engineering, management, pharmacy, law, architecture, journalism, animation, hotel management, commerce, and others. It has been awarded as The University with Best Placements by WCRC.

      Website address: https://www.cuchd.in/ 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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