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    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...
    Raymond Lifestyle Limited Delivered a stable Q1 FY27 Performance
    Rupee rises 31 paise to 95.12 against US dollar in early trade
    Customs seizes 8 kg gold worth over Rs 11 cr at Kerala airports in one week
    Drill, Baby, Drill: India to fund Rs 650 cr per well for 60 deepsea wells to break its oil import habit
    Punjab GST revenue rises 20 pc to Rs 10,447 crore in April-July: Cheema
    India-China trade through Shipli La resumes after six years
    Odisha's export can reach USD 50 billion by FY 2029-30: Study
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    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
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    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
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    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
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    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
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    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
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    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
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    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
    Show AI Summary
    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.
    August 3, 2026
    Show AI Summary
    Financial performance reporting highlights revenue and EBITDA growth, garmenting recovery, retail optimisation, ESG commitments, and forward-looking risk disclosures.
    Financial performance reflects growth in total income and EBITDA, with improved margin, reduced net working-capital days, and a net-cash position. Branded textiles and high-value cotton shirting reported lower revenue due to the prior-year base effect, while branded apparel grew but faced lower margin from channel mix. Garmenting improved through order-book execution, tariff rationalisation, and new global clients. ESG priorities include female representation, waste-management initiatives, renewable energy, emissions reduction, and workplace safety. Forward-looking statements remain subject to regulatory, political, economic, and technological risks.
    August 3, 2026
    Show AI Summary
    Foreign exchange market support strengthens the rupee as lower crude prices, portfolio inflows and reserve growth improve sentiment.
    Foreign exchange market conditions supported an early appreciation of the rupee against the US dollar, attributed to lower global crude oil prices, a weaker dollar, sustained foreign portfolio inflows, higher foreign exchange reserves, and Reserve Bank of India presence in the foreign exchange market. Domestic equity market gains and net foreign institutional equity purchases were also identified as supporting factors.
    August 2, 2026
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    Gold smuggling detection targets sophisticated concealment methods through strengthened passenger profiling, intelligence gathering and coordinated investigations into organised networks.
    Gold smuggling detection at Kerala airports led to multiple seizures, registration of cases and arrests in alleged smuggling attempts. Organised networks reportedly use gold in paste or compound forms concealed in clothing, body cavities, aircraft seats and other unconventional locations. Enforcement measures include strengthened passenger profiling, intelligence gathering and inter-agency coordination, while investigations continue to identify associated syndicates and financiers.
    August 2, 2026
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    Offshore exploration funding supports deepwater drilling, shared infrastructure and seismic data to strengthen domestic hydrocarbon production potential.
    The Samudra Manthan National Offshore Exploration Scheme provides direct budgetary support for high-risk deepwater and ultra-deepwater exploratory drilling, subject to cost-sharing and per-well limits. Support is available to eligible operators holding or securing exploration acreage. The scheme also funds offshore data acquisition and shared subsea, receipt and processing infrastructure through a Common Hub Infrastructure model. It is intended to promote risk exploration, improve commercialisation of offshore discoveries and strengthen domestic hydrocarbon production potential within the existing exploration and licensing framework.
    August 1, 2026
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    GST compliance enforcement combines taxpayer refunds, analytics-based fraud detection, cancellation of fake registrations, and recovery of outstanding VAT arrears.
    Punjab attributed increased GST collections to voluntary compliance, intelligence-based enforcement and technology-driven tax administration, while facilitating compliant taxpayers through timely GST refunds. Data analytics, risk profiling and field verification were used to identify tax evasion, bogus billing, fake input tax credit networks and misuse of the GST registration framework. Measures included penalties, cancellation of fraudulent registrations and recovery of long-pending VAT arrears through attachment and auction of defaulters' properties.
    August 1, 2026
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    Cross-border barter trade resumes through Shipki La, subject to permitted goods, time limits, and import-export compliance requirements.
    Cross-border barter trade through Shipki La between India and Tibet resumed after a six-year interruption. Traders may exchange specified goods under a barter arrangement and must return within 72 hours. Traders are required to comply strictly with import-export regulations prescribed by the Union Ministry of Commerce, emphasising transparency and regulatory compliance. Expansion of permitted goods may be pursued through prescribed governmental and external-affairs channels.
    August 1, 2026
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    Export growth projections outline pathways for Odisha to expand merchandise trade through export diversification, MSME support and financing initiatives.
    Export growth projections for Odisha set out base, optimistic and ambitious scenarios through FY 2029-30, based respectively on historical growth, envisaged national export growth, and a larger share of national exports. Odisha's export basket remains concentrated in metals and minerals, led by aluminium products, with China as the principal export destination. Odisha Vision 2047 identifies exports, including MSME contributions, as an economic transformation driver, while export-financing and risk-mitigation initiatives aim to address financing gaps for exporters and MSMEs.

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      India & Japan - A Shared Relationship Through Democracy, Higher Education and Commitment to a Sustainable Environment: JGU Vice Chancellor to speak at Japanese Parliament

      June 20, 2025

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      Tokyo, June 20, 2025: To strengthen the bilateral Higher Education Relationship and to enhance the democratic values shared by India and Japan, the Founding Vice Chancellor of O.P. Jindal Global University Prof. (Dr.) C. Raj Kumar will address the Japan Parliament – the Diet – on 24 June, 2025. This prominent and highly esteemed address to Japanese Parliamentarians aims to reinforce the democratic principles shared by the two countries and is also a celebration of India at 75 and how the country has accomplished its commitment to the principles it was founded upon.

      As part of the shared democratic agenda, the Vice Chancellor Dr. Raj Kumar and Indian delegates will visit the Japanese Parliament for a Dialogue with the Members of the National Diet of Japan. The visit will also feature a special Address by Dr. Abhishek M. Singhvi, Senior Advocate, Supreme Court of India and a Member of Parliament, on the theme: “India and Japan: Partners in Democracy, Drivers of Innovation, and Architects of a Sustainable Future”.

      Dr. Raj Kumar’s academic and intellectually high-profile visit involves an ambitious and extensive series of activities and events across Japan over the coming week. Accompanied by Senior Advocate of the Supreme Court of India Dr. Abhishek Manu Singhvi and a high-level delegation of academics and legal luminaries Dr. Raj Kumar aims to foster a long-term association with leading institutions, academics and public thought leaders to introduce reinforce the higher education relationship between the two countries.

      The 2nd India-Japan Higher Education Forum 2025 will be held today evening on 20th June, 2025 along with the Unveiling the Vision Statement of the Singhvi Centre for Constitutional, Parliamentary and Legal Studies at O. P Jindal Global University. The Education Forum will involve a Panel Discussion on Universities of the Future: Promoting Democracy, Dialogue, and Development in Asia and Beyond in Tokyo.” The Chief Guest will be His Excellency Mr. Sibi George, Ambassador of India to Japan and Guest of Honour will be Dr. Abhishek M. Singhvi, Senior Advocate, Supreme Court of India. Vice Chancellor Dr. C Raj Kumar will open the discussion with the panelists: Prof. Matthew J. Wilson, President and Dean, Temple University Japan Campus; Prof. Miki Sugimura, President Sophia University; Prof. Noriyuki Takahashi, Musashi University; Prof. Sawako Shirahase, Senior Vice Rector and Assistant Secretary General of United Nations, United Nations University; Prof. Yujin Yaguchi, Vice President, University of Tokyo; Prof. Maki Kunimatsu, Vice President, Chuo University and Hon’ble Mr. Justice Michael D. Wilson, Former Judge, Supreme Court of Hawaii, USA and Distinguish Prof. of Law at O. P Jindal Global University.

      Prof. (Dr.) C. Raj Kumar said, “There are three key themes to focus on with our Japanese counterparts: higher education collaborations and new partnerships, an insight into Indian democratic values and practices and a deep and incisive discourse on climate challenges facing our countries. India has been growing at a phenomenal pace and has recently emerged as the third largest economy in the world. We have had a long-standing and resilient relationship with Japan; with interactions and meetings for cooperation held regularly at the highest level of decision-makers across our country. This visit will further build on these foundations and bring together like-minded intellectuals, academics and professionals to enhance our cultural and educational relationship.” There will be multiple Memorandums of Understanding (MoUs) signed during the visit with leading Japanese Universities which include Asia University, Chuo University, Doshisha University, Osaka Gakuin University and Kansai University to name a few. These MoUs will enable student exchanges, research collaborations, academic partnerships and more.

      Later, as part of the UNU Conversation series on India and the World: Democracy, Development and Justice Dr. Abhishek M. Singhvi, and Dr. C Raj Kumar will address the United Nations University in Tokyo and they will be joined by Prof. (Dr.) Tshilidzi Marwala, Rector, United Nations University: Under-Secretary-General of the United Nations. This landmark event has been jointly organized by Singhvi Centre for Constitutional, Parliamentary & Legal Studies, at O.P. Jindal Global University.

      “India and Japan have had a farsighted socio-economic, political and cultural relationship. As a lawyer, I believe that we have a shared vision for the rule of law and the rights and duties of the individual citizens in a democracy. India has been independent for 75 years and the country has overcome many challenges and has remained true to its fundamental principles. It is a unique country with a diverse culture, geography and population with many languages, beliefs and communities. Yet, we have always found common ground towards development, growth and human upliftment and this has made the Indian democracy stronger and resilient,” Dr. Abhishek Manu Singhvi said.

      During the visit, Dr Raj. Kumar will also address students at Temple University Japan, Kyoto Campus for a lecture on India at 75: The Story of the World’s Largest Democracy in the presence of Prof. Matthew J. Wilson, President and Dean, Temple University Japan Campus.

      As part of the shared concerns around climate change and the environment by India and Japan, Dr. Raj Kumar will inaugurate the Japan-India Sustainability Conclave and Release of JGU’s Sustainability Development Report 2025. This will be followed by a Panel Discussion on The Role of Governance Framework in Supporting Biodiversity Conservation and Accelerating Green Innovation with a Special Address by Prof. (Dr.) Kensuke Fukushi, Director, Institute for Future Initiatives at the University of Tokyo.

      Other panelists are Prof. Atsushi Kota, Dean Graduate School of Asia-Pacific Studies Waseda University, Dr. Anupam Khajuria, Research Fellow and Academic Associate UNU-IAS, Prof. Masahiro Sugiyama, Institute for Future Initiatives, University of Tokyo and Prof. Shizuka Hashimoto, Graduate School of Agricultural and Life Sciences University of Tokyo.

      This will be followed by a seminar hosted by Kyoto University, Kiko Network and JGU on Lessons from Recent Climate Lawsuits in the United States and India: Implications for Japan in Kyoto; including a Lecture on Climate Litigation in the United States by Hon’ble Mr. Justice Michael D. Wilson, followed by a Lecture on Eco-Constitutionalism in India: Environment Rights, Judicial Activism, and the Role of Civil Society by Dr. C Raj Kumar and a discourse on Law Policy and the Planet: India’s Pathways to Achieving the SDGs by Dr. Abhishek M. Singhvi.

      The delegation also includes Hon’ble Mr. Justice Michael D. Wilson, Former Judge, Supreme Court of Hawaii, USA and Distinguished Professor of Law at O. P Jindal Global University Other members of the delegation will include Prof. R Padmanabhan, Dean Office of Academic Governance, JGU and Prof. (Dr.) Vesselin Popovski, Vice Dean and Executive Director Centre for the Study of the United Nations at JGU and Prof (Dr.) Akhil Bhardwaj, Vice Dean and Director Office of International Affairs and Global Initiatives.

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

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