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    Rupee gains 9 paise against US dollar
    India, US working towards interim trade agreement: MEA
    Govt to adopt appropriate measures to mitigate fuel price volatility: MoS Finance
    Taxation laws (Amendment) Bill to attract more foreign capital, provide policy certainty introduced in LS
    Champion Mirabai Chanu Unveils MMTC-PAMP's 'Virasat' Recycled Gold Coin to Celebrate India's 80th Year of Independence
    Indian economy to hit USD 5-trillion mark in FY29 as per IMF: FM
    SVC Co-operative Bank Concludes 120th Annual General Meeting, Reaffirms Growth, Governance and Digital Focus
    Rupee falls 3 paise to close at 95.40 against US dollar
    Government Boosts MSME Financing Through SIDBI and ECLGS 5.0
    India's Market Opportunity is Growing, and the Trade is Taking Notice
    50,000 Students to Participate in Season 2 of the Franklin Templeton National Mutual Fund Olympiad 2026
    Currently nine trade disputes pending against India under WTO rules: Govt
    MNLU Mumbai Launches MBA in Entrepreneurship & Digital Business Law
    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.
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    August 4, 2026
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    Rupee exchange-rate movement gains support from capital inflows, while oil prices, dollar strength and monetary policy shape sentiment.
    Rupee exchange-rate movement was supported by foreign capital inflows and improved global risk sentiment, while elevated crude-oil prices and a stronger US dollar constrained gains. Market attention shifted to monetary policy, overseas dollar-deposit incentives and easier foreign access to government bonds, which were reported to support capital inflows and India's external position. A cautious approach to the benchmark repo rate was expected amid assessment of the West Asia conflict.
    August 4, 2026
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    Interim bilateral trade agreement negotiations continue as both sides work to finalise unresolved issues in the proposed arrangement.
    Interim bilateral trade agreement negotiations between India and the United States are continuing. Both sides have undertaken substantial work, while certain issues remain to be finalised before completion of the proposed interim trade arrangement. A United States Trade Representative delegation visited India to advance discussions. The text records the status of negotiations and identifies no concluded agreement or operative customs measure.
    August 4, 2026
    Show AI Summary
    Fuel-price volatility mitigation will combine fiscal measures, consumer protection, energy security and fiscal sustainability during external energy shocks.
    Fuel-price volatility is to be mitigated through fiscal and administrative measures that protect consumers while maintaining fiscal sustainability. The approach includes monitoring revenue and expenditure, reprioritising spending, and using fiscal measures when economic conditions require. Reduced central excise duty on petrol and diesel moderated the impact of elevated international crude prices and partly offset under-recoveries of public-sector oil marketing companies. Longer-term measures include revenue mobilisation, import diversification, Strategic Petroleum Reserves, cleaner fuels and energy efficiency.
    August 4, 2026
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    Tax policy certainty reforms propose easier fund management, data-centre access, electronics incentives and revised electronic-payment charging rules.
    The proposed Bill seeks to simplify conditions for foreign investment funds using fund managers in India without being treated as carrying on business in India, while retaining safeguards against misuse and round-tripping. It proposes removal of approval requirements for foreign cloud companies using Indian data centres and permits leased operation of Indian data centres. It also extends tax support for foreign companies participating in electronics contract manufacturing and component warehousing, preserves tax-free dividends for REIT and InvIT investors in specified circumstances, and removes the prohibition on Merchant Discount Rate charges for notified electronic payment modes.
    August 4, 2026
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    Responsible precious-metals recycling supports recycled-gold products, organised buyback channels and a more self-reliant domestic supply chain.
    Responsible precious-metals recycling is promoted through a commemorative recycled-gold coin intended to support domestic recycling, responsible sourcing and a self-reliant supply chain. The product is described as having certified purity authentication, tamper-proof packaging, a unique identification number and an assayer-certified minted card. The initiative seeks to reduce dependence on imported gold and expand organised, transparent recycling infrastructure. An organised silver buyback programme is also described as supporting secure consumer sales and a circular economy for precious metals.
    August 4, 2026
    Show AI Summary
    Broad-based growth strategy links tax reforms, trade resilience, industrial support and services development to medium-term economic expansion.
    The growth strategy combines agricultural productivity, manufacturing, MSME support, infrastructure, logistics, ease of doing business, streamlined income-tax and GST reforms, innovation, digitalisation, human-capital development, energy security, public capital expenditure, foreign direct investment liberalisation, export promotion, fiscal prudence and price stability. Trade resilience is to be strengthened through expanded trade agreements, while manufacturing, services, agriculture and strategic sectors receive targeted policy support. The material also reports secured-asset enforcement cases and recoveries by banks under the SARFAESI framework during FY25.
    August 4, 2026
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    Co-operative bank governance and financial disclosure support digital transformation, risk management, priority-sector lending and sustainable member-focused growth.
    Co-operative bank governance and financial disclosure were addressed at the annual general meeting, where the member-notice agenda was transacted and audited financial statements were presented. The bank reported growth in business, deposits and advances, together with net profit, asset quality, provisioning coverage and capital adequacy indicators. Its operational priorities include digital transformation, risk management, selective network expansion, customer service and operational discipline. Future priorities include retail and priority-sector lending, MSMEs, affordable housing and institutional deposits.
    August 4, 2026
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    Foreign-exchange market conditions weakened the rupee as oil prices, domestic equities and dollar strength shaped near-term currency expectations.
    The rupee weakened against the US dollar amid elevated crude oil prices, weaker domestic equities and a stronger dollar index, while foreign fund inflows moderated the decline. Attention shifted to the central bank's monetary policy meeting, with continuation of the existing benchmark policy rate anticipated. Earlier measures encouraging overseas dollar deposits and facilitating foreign participation in government bonds were reported to support capital inflows and India's external position.
    August 4, 2026
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    MSME credit expansion combines SIDBI lending initiatives with guaranteed additional working-capital facilities for eligible borrowers.
    MSME credit access is being expanded through SIDBI's branch network, direct lending, refinance support, co-lending arrangements, affordable credit for informal micro-entrepreneurs, and invoice-based digital credit for micro enterprises. Emergency Credit Line Guarantee Scheme 5.0 enables eligible MSMEs to obtain additional credit linked to peak fund-based working-capital outstanding, with full guarantee coverage for member lending institutions against defaults on the additional facility. The scheme also covers scheduled passenger airlines under distinct eligibility and guarantee parameters.
    August 4, 2026
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    Furniture and interiors sourcing platform connects Indian manufacturers with domestic and international trade buyers through direct procurement opportunities.
    imm india 2026 is presented as a business-to-business sourcing platform linking Indian furniture, home de cor, rug, carpet, mattress and handicraft manufacturers with domestic and international trade buyers. It is intended to provide direct manufacturer access, design-led sourcing and project-scale procurement opportunities for architects, designers, retailers, hospitality professionals and real estate developers. The programme includes a hosted buyer initiative, industry conferences, knowledge sessions and awards addressing innovation, sustainability, craftsmanship and design.
    August 4, 2026
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    Financial literacy Olympiad builds students' practical understanding of mutual funds, financial planning, market concepts and responsible investment participation.
    Financial literacy and investment awareness are promoted through a nationwide, multi-level educational competition for undergraduate and postgraduate students. Participants are assessed on mutual funds, investment fundamentals, financial planning, market concepts and long-term wealth creation, with exposure to market-linked products including ETFs, portfolio management services, alternative investment funds and specialised investment funds. The initiative combines academic institutions and financial-sector participants to improve practical investment knowledge, informed decision-making and responsible participation in investment markets.
    August 4, 2026
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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.

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      IBSAT 2025, an MBA/PGPM Entrance Exam for 9 campuses of ICFAI Business School, opens July 1, 2025

      July 1, 2025

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      HYDERABAD, India, July 1, 2025 /PRNewswire/ -- IBSAT is an online aptitude test conducted by The ICFAI Foundation for Higher Education (The IFHE), Hyderabad — a Deemed University. With remote proctoring, it can be taken from the comfort of one's home. The test assesses a candidate's skills in Quantitative Techniques, Data Interpretation, Data Adequacy, Vocabulary, Analytical Reasoning, and Reading Comprehension.

      Getting into a good B-school is the first step toward a rewarding management career. At ICFAI Business School (IBS), the selection process is designed to identify not just academic performers but also those with the potential to lead, innovate, and collaborate. Here's a quick overview of how the IBS Selection process works: Candidates with valid scores in CAT, NMAT by GMAC™, XAT, or GMAT™ (from 2023 onwards) are exempted from taking IBSAT 2025. However, taking IBSAT 2025 will make them eligible for a ₹2 lakh scholarship. In both circumstances, the candidates have to fill in the IBSAT 2025 application form to proceed further.

      IBSAT 2025 scores, as well as valid scores from the above national-level tests, are accepted for admission to the following programs: • MBA program at IBS Hyderabad, IBS Bangalore, IBS Dehradun, and IBS Jaipur • PGPM program at IBS Ahmedabad, IBS Gurgaon, IBS Kolkata, IBS Mumbai, and IBS Pune Eligibility Criteria MBA/PGPM: 2-Year Management Program • Graduation (any discipline) with 50% and above marks, with English as the medium of instruction.

      • Applicants must have completed at least 15 years of education (10+2+3 or 10+2+4 basis).

      • Candidates not meeting the English medium criterion must submit TOEFL/ NELT/ IELTS scores by May 31, 2026.

      • Final-year students are eligible to apply, provided they complete all graduation requirements (including practical exams, viva, assignments) before May 31, 2026.

      - Admission will remain provisional until they submit required academic proof.

      - Last date for submission of graduation documents: November 1, 2026.

      • Eligibility verification will begin from August 2026. It is the candidate's responsibility to ensure they meet all criteria.

      PhD Program in Management (Full-time / For Working Executives) Academic Requirements: • Graduation (any discipline) with 50% and above marks, with English as the medium of instruction.

      AND • Post-graduation (full-time) in any of the following, with 55% and above marks: - Management (Marketing/ Finance/ HR/ Operations) from a UGC-recognized university - Allied disciplines: Economics, Commerce, Psychology, Sociology, Public Administration, Statistics, Mathematics - Professional qualifications: CFA / CA / CWA / CS Note: Candidates admitted through non-management post-graduation or professional qualifications are required to complete first-year MBA courses before continuing in the PhD program.

      • Candidates not meeting the English medium requirement (at either graduation or post-graduation level) must submit TOEFL/ NELT/ IELTS scores by May 31, 2026.

      Selection Process Candidates shortlisted based on their scores in IBSAT 2025, or through CAT, NMAT by GMAC™, XAT, or GMAT™ (from 2023 onwards), will be invited for the selection process starting in the second week of February, 2026.

      The process includes two components: Micro Presentation and Personal Interview.

      Micro Presentation This part of the process is designed to assess a candidate's ability to think on their feet, organize their thoughts, and communicate effectively. Candidates will get 1 minute to prepare and 3 minutes to speak on a general topic assigned at random.

      Personal Interview The interview lasts about 5 to 7 minutes and is conducted by a panel that evaluates the candidate's attitude, clarity of thought, communication skills, awareness of current affairs, and overall readiness for a career in management.

      Admission decision Final selection is based on past academic performance, along with performance in the Micro Presentation and Personal Interview.

      IBSAT 2025 Important Dates Event Dates IBSAT 2025 Applications Open July 1, 2025 – 3rd week of December 2025 IBSAT 2025 Test Dates December 27–28, 2025 IBSAT 2025 Result 1st week of January 2026 Selection Briefings From 2nd–3rd week of January 2026 (70+ cities) Selection Process From 2nd week of February 2026 at IBS Hyderabad IBSAT 2025 Exam Pattern Section Title No. of Questions I Verbal Ability 50 II Reading Comprehension 30 III Quantitative Aptitude 30 IV Data Adequacy & Interpretation 30 Total 140 • Test Duration: 2 hours • No negative marking • No sectional time limits • Syllabus is broadly aligned with other national-level management entrance exams Scholarships worth ₹10 crore IBS offers merit-based scholarships for top performers in IBSAT 2025 (to be held on December 27–28, 2025).

      Eligibility Categories • Top rankers in IBSAT 2025 • Wards of IBS alumni • Physically challenged candidates • Wards of defence personnel (serving/retired from Army, Navy, Air Force, Paramilitary Forces) 500 scholarships of ₹2 lakh each are planned for the Class of 2028. The amount will be adjusted—₹1 lakh each—against the first and second term program fee instalments.

      Terms and Conditions 1. Candidates must appear and qualify in IBSAT 2025 (on December 27 or 28, 2025).

      2. Admission formalities, including fee payment and registration, must be completed on time.

      3. Scholarship amount will be adjusted against the program fee only.

      4. If a student withdraws, the scholarship amount will be deducted before any applicable fee refund.

      Mock Tests Free mock tests are available onibsindia.org.

      Mini mocks can be accessed via the official IBS mobile app.

      A National Mock Test Series with prize money will be held on: • 3rd Saturdays of August, September, October, November 2025 • 2nd Saturday of December 2025 Prizes include: Total 100 Prizes • 1st Prize: ₹1,00,000 • 2nd Prize: ₹50,000 • 3rd Prize: ₹25,000 • other prizes worth ₹5,000 each To register, visit NMT page.

      Campus Highlights • Over 30 years of experience in management education • 9 campuses follow the same pedagogy—case-based learning and a 14-week industry internship • Modern infrastructure with classrooms, libraries, labs, Bloomberg terminals, and SAP access • Placements consistently above 94% across all campuses • Highest International Package: ₹41.40 lakh • Highest National Package: ₹22 lakh • IBS Hyderabad Average Package: ₹9.82 lakh • For details:Placement Report • 75,000+ alumni, 40% in senior roles, 10% in international positions • IBS Hyderabad is AACSB accredited, NIRF Rank 39, Business Today Rank 22 To know more about life at the IBS Campuses, follow the social media links: IBS Ahmedabad, IBS Kolkata , IBS Bangalore, IBS Pune, IBS Mumbai, IBS Hyderabad, IBS Jaipur, IBS Gurgaon, IBS Dehradun and IBS Admission Office Fee Structure (2026–28) Campus Program Fee (2 Years) IBS Hyderabad ₹17,01,000 IBS Bangalore (IFHE Off-Campus) ₹13,05,000 IBS Ahmedabad ₹9,09,000 IBS Gurgaon ₹9,09,000 IBS Mumbai ₹9,09,000 IBS Kolkata ₹9,09,000 IBS Pune ₹9,09,000 IBS Jaipur ₹8,01,000 IBS Dehradun ₹7,02,000 How to Apply for IBSAT 2025 IBSAT 2025 is a single application process for admission to the 2-year full-time MBA/PGPM 2026–28 programs across all nine IBS campuses: • IBS Ahmedabad, Bangalore, Dehradun, Gurgaon, Hyderabad, Jaipur, Kolkata, Mumbai, and Pune Steps to Apply: Online: 1. Visit the official application portal 2. Fill in personal and contact details 3. Submit the application 4. Pay the application fee of ₹1800 After successful payment, applicants will receive login credentials through Email/SMS.

      In a week's time IBSAT 2025 official brochure will be dispatched to the applicant's address.

      Offline: 1. Visit the nearest IBS Information office 2. Fill in personal and contact details 3. Submit the application 4. Pay the application fee of ₹1800 Login credentials and the IBSAT 2025 official brochure is provided at the time of application.

      Contact Us ICFAI Business School Admission Office Plot No. 65, Nagarjuna Hills Punjagutta, Hyderabad - 500082 Telangana Ph: 040 - 23440963 (5 lines) Toll Free :1800 425 55 66 77 Email - [email protected] Visit: ibsindia.org Photo: Embedded Media Logo: 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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