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    UCO Bank launches IFSC Banking Unit at GIFT City
    Banking sector has key role to play as India on way to become 3rd largest economy: Gujarat CM
    India's exports to US rise 12.85 pc in Jul; shipments to China jump 64.57 pc: Govt data
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    August 13, 2026
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    International banking unit expands cross-border financing, trade finance and foreign-currency service access through GIFT City operations.
    UCO Bank has launched an International Financial Services Centre Banking Unit at GIFT City to provide permitted international banking services. The unit offers trade finance, external commercial borrowings, foreign-currency loans, loan syndication, treasury services and other permitted financial services. It serves Indian corporates, exporters, importers, financial institutions, overseas businesses and other eligible customers requiring cross-border financing and access to global financial markets. FCNR(B) deposits are also offered through the unit.
    August 13, 2026
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    Last-mile credit access is prioritised through timely lending, wider beneficiary coverage, digital support and stronger fraud vigilance.
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    August 13, 2026
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    Merchandise trade growth saw rising exports to major markets alongside increased imports and continuing United States trade-pact negotiations.
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    August 13, 2026
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    GST transport documentation enforcement addresses freight movement of metals without valid e-way bills and invoices under applicable rules.
    GST enforcement action led to the seizure of copper and aluminium ingots transported by freight train without valid e-way bills and invoices. The metals were found in three train wagons during inspection of parcel cargo. Further proceedings are to be undertaken under applicable GST rules concerning movement of goods without prescribed transport documentation.
    August 13, 2026
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    Merchandise trade deficit widens as import growth outpaces exports despite strong petroleum, electronics and engineering shipments.
    Merchandise trade in July 2026 saw exports rise 19.63 per cent and imports increase 17.52 per cent, widening the trade deficit to a six-month high. Petroleum products, electronics, engineering goods and marine goods supported export growth, while crude oil and several commodity and capital-goods categories increased imports. During April-July 2026-27, faster import growth widened the cumulative merchandise trade deficit compared with the corresponding prior-year period.
    August 13, 2026
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    Bribery allegations in GST enforcement prompted arrest after alleged payment demand to avoid a tax-liability notice.
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    August 13, 2026
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    Trade performance shows rising merchandise and services exports, but faster import growth expands the overall trade deficit.
    India's combined merchandise and services exports and imports increased in July 2026 and April-July 2026-27, while the overall trade deficit widened. Cumulative exports were estimated at US$ 316.42 billion and imports at US$ 365.85 billion, resulting in a trade deficit of US$ 49.43 billion. Merchandise exports, non-petroleum exports, and exports excluding petroleum and gems and jewellery grew, led by petroleum products, electronic goods, engineering goods and chemicals. Services trade recorded a cumulative surplus of US$ 69.17 billion.
    August 13, 2026
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    Student GIC referral programmes integrate connectivity credits with funding verification and post-arrival banking arrangements for eligible international students.
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    August 13, 2026
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    Global Capability Centre banking support connects offshore and onshore operations to simplify financial management and enable cross-border expansion.
    Global Capability Centre banking support is positioned around connected offshore and onshore banking, international network access, digital banking platforms, and expertise in treasury centres, cross-border corporates, and evolving GCC operating models. The approach seeks to simplify financial operations and support GCC expansion across global markets. India's GCC ecosystem is characterised as a leading global capability hub, with capability centres evolving into strategic enterprise hubs requiring support for operational and financial complexities across markets.
    August 13, 2026
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    Investment banking registration enables regulated cross-border offerings, listings, debt transactions and capital-market advisory through GIFT City.
    IFSCA registration under the IFSCA (Capital Market Intermediaries) Regulations, 2025 authorises Nexent Capital IFSC Private Limited to operate as an investment banker from GIFT City. Permitted activities include management of initial and follow-on public offerings, SPAC and secondary listings, depository receipt issuances, debt capital-market transactions, and other capital-market advisory mandates. The firm proposes to provide transaction structuring, listing-readiness, execution and post-listing capital-markets support for companies seeking capital raising and listing opportunities through GIFT City's exchanges.
    August 13, 2026
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    Merchandise export growth was driven by petroleum, electronics, engineering and marine goods, while rising imports widened the trade deficit.
    India's merchandise exports increased in July, while imports also rose and widened the trade deficit. Export growth was attributed to higher overseas shipments of petroleum products, electronics, engineering goods and marine goods. Exports and imports both recorded growth during the April-July fiscal period, and exports to West Asian countries increased in July.
    August 13, 2026
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    EXIM operations at international seaport to commence after customs clearance, bonded-area establishment, and temporary highway connectivity.
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    Renewable energy reliability requires storage, grid readiness and ancillary service markets alongside competitive clean-power procurement.
    Renewable energy procurement is shifting beyond lowest tariffs towards dependable, dispatchable and affordable clean power, assessed through capacity value, balancing capability and system economics. Storage-backed renewable and hybrid projects can improve renewable utilisation, reduce variability and curtailment, and support peak demand. Higher renewable penetration also requires supportive storage policies, timely approvals, aligned intrastate transmission planning, stronger distribution infrastructure, and market mechanisms for ramping reserves, frequency response and fast-response balancing services.
    August 13, 2026
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    Accredited Investor certification facilitates eligible investors' access to alternative investment products, lower thresholds and applicable regulatory flexibilities.
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    August 13, 2026
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    Electronic inspection and certified copies expand digital access to judicial records while supporting efficient case management and reduced delays.
    NCLT has launched e-Inspection and e-Certified Copy Services for faster and more convenient access to judicial records and certified copies by advocates, litigants and other stakeholders. The services support a technology-enabled Registry framework and transparent, efficient justice delivery. Pendency monitoring, workload redistribution, Special Benches, maximisation of court time, and registration and listing guidelines are intended to improve case management, optimise limited judicial resources and reduce avoidable delays.
    August 13, 2026
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    CBDC-based food subsidy transfers enable eligible beneficiaries to use Digital Rupee wallet credits for traceable foodgrain purchases.
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    August 13, 2026
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    Preferential trade agreement negotiations begin under agreed terms covering market access, origin rules, trade remedies and dispute settlement.
    India and the Southern African Customs Union have signed Terms of Reference to commence negotiations for a Preferential Trade Agreement. Negotiations are envisaged on trade in goods and market access, rules of origin, customs procedures and trade facilitation, trade remedies including bilateral safeguards, sanitary and phytosanitary measures, technical barriers to trade, dispute settlement, and legal and horizontal provisions. The Terms of Reference establish the negotiating framework only; preferential tariff treatment and other operative commitments depend on conclusion of a final agreement.
    August 12, 2026
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    Prepaid plan restructuring eliminates mid-tier daily-data options and channels subscribers toward higher-priced plans with expanded data access.
    Bharti Airtel has discontinued prepaid plans combining 1.5 GB daily data allowances with unlimited calling, directing subscribers towards higher-priced plans with expanded data access, including unlimited 5G data. The restructuring reduces low-priced unlimited-data offerings and changes the pricing architecture for customers using discontinued mid-tier plans. Management links tariff repair to differentiated mobile-plan categories and sustained average revenue per user growth.
    August 12, 2026
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    Insolvency professional conduct faces money-laundering allegations over re-admitted claims, creditor committee changes, and a connected resolution applicant.
    Enforcement action under the Prevention of Money Laundering Act concerns allegations that an insolvency professional re-admitted claims earlier rejected as spurious and fraudulent during the Corporate Insolvency Resolution Process. The alleged re-admission altered the Committee of Creditors' composition and facilitated consideration of a resolution plan allegedly submitted for, and funded through an entity controlled by, a company promoter under investigation for diversion of bank-loan funds. Adverse findings reportedly included acting beyond authority by relying on fabricated and improperly submitted material.

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      Why Are Infrastructure Giants Choosing Translite Scaffolding for Mega Projects?

      July 31, 2025

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      India’s infrastructure landscape is rapidly expanding. With new expressways, airports, metro networks, and industrial corridors coming up across the country, the scale and speed of construction have become defining factors. These projects demand not just large budgets but also robust planning, seamless coordination, and reliable on-site systems. In this complex environment, the role of scaffolding is often overlooked despite being crucial to both safety and progress. Choosing the right scaffolding partner can impact everything from worker mobility to project timelines.

      Infrastructure firms, especially those handling multi-crore developments, are aligning themselves with partners who can bring not just materials but also expertise to the table. The growing trend points toward highly experienced scaffolding specialists who can manage large volumes, maintain international safety standards, and offer adaptable systems tailored to diverse project needs.

      Trusted for Scale and Consistency One of the primary reasons infrastructure giants opt for Translite Scaffolding is its ability to manage scale without compromising on quality. In mega projects, where timelines are tight and manpower is extensive, the need for consistent, ready-to-deploy scaffolding becomes non-negotiable. Translite has emerged as a dependable provider capable of supplying large volumes within strict delivery schedules.

      Companies engaged in long-span bridges, metro stations, and complex flyover constructions and mega-industrial plants appreciate the logistical reliability Translite offers. The scaffolding systems are uniform, well-maintained, and prepared for rapid deployment. This ensures that the pace of construction does not slow down due to equipment delays or compatibility issues. Moreover, the ability to respond quickly with both standard and custom solutions adds another layer of dependability that larger infrastructure firms value.

      Safety as a Core Principle Safety remains one of the most critical aspects of infrastructure construction. With hundreds of workers operating at different elevations, across varied terrains, the margin for error must be minimal. Translite’s scaffolding systems are designed with safety built into every component. This attention to detail, combined with regular inspections and support, helps project sites meet stringent safety compliance requirements.

      Infrastructure companies, especially those with international consultants or third-party safety audits, have found Translite’s approach aligned with global standards. The company’s scaffolding equipment is routinely used in projects where fall protection systems, load-bearing strength, and worker ergonomics are all closely monitored. Clients often report fewer delays due to safety-related stoppages, which is crucial when deadlines are non-negotiable.

      Engineering Support and On-Site Guidance Large infrastructure projects are rarely straightforward. Changes in elevation, uneven terrain, or evolving design demands mean scaffolding systems must be adaptable. What sets Translite apart is the technical support that comes alongside the equipment. Instead of just supplying parts, the team offers layout plans, erection guidance, and on-site assessments that help construction managers make informed decisions.

      Engineers involved in elevated highways, thermal power plant structures, and industrial plants have acknowledged the value of this collaborative approach. It reduces guesswork, ensures the scaffolding is optimally used, and minimizes rework. Translite’s ability to communicate directly with site supervisors, project heads, and safety auditors has helped maintain a smooth execution rhythm even in the most demanding environments.

      Inventory Strength and Quick Turnaround Mega infrastructure projects can experience sudden changes in scope. A segment of the structure might be fast-tracked, or new sections may be added without much warning. For such dynamic requirements, a partner with a deep and flexible inventory is essential. Translite Scaffolding operates with a large in-house stock of scaffolding systems, which means urgent needs can be met without delay.

      Having access to scalable inventory has helped project managers avoid downtime. Instead of waiting days or weeks for new material to arrive, they can rely on the fact that support is available almost on-demand. This ability to meet bulk requirements at short notice is especially critical during peak construction phases, where even a day’s delay can impact project billing and handover dates.

      Adaptability Across Project Types What works for an airport terminal may not be suitable for a refinery or a metro rail viaduct. Infrastructure projects come with unique physical and logistical challenges. Translite’s systems are built for adaptability and are regularly customized to meet the site-specific needs of different industries.

      Clients working in both public and private sectors, including sectors like oil and gas, logistics hubs, and urban infrastructure, have found value in this flexibility. Whether it's modular scaffolding for confined spaces or expansive systems for wide-area coverage, the equipment integrates well with the site environment. This reduces the need for structural improvisation on-site, which can often compromise safety and quality.

      Long-Term Partnership and Reliability One of the strongest endorsements of Translite Scaffolding comes from repeat clients. Many infrastructure firms choose to retain the company across multiple projects, not just because of equipment quality but because of the working relationship. A reliable scaffolding partner reduces managerial stress and ensures continuity between projects.

      These long-term partnerships are built on trust, service responsiveness, and an understanding of how large infrastructure workflows function. Translite’s teams are trained to anticipate project bottlenecks, coordinate deliveries across sites, and maintain a transparent communication channel with stakeholders. This professional continuity is particularly valuable when projects stretch over several years or span multiple locations.

      Cost Efficiency Without Compromise Budget is always a concern in infrastructure projects, especially with rising material and labor costs. Translite has built its offerings to be cost-effective while ensuring safety and durability are not compromised. By minimizing equipment downtime, reducing the frequency of replacements, and offering scalable pricing models, the company supports clients in keeping their project budgets under control.

      Construction heads often mention that cost savings come not just from lower equipment rental or purchase rates, but from the reduced overheads caused by fewer site delays, less rework, and minimal safety violations. These indirect savings can be significant when viewed over the entire lifecycle of a large-scale project.

      Major Projects That Define Translite’s Expertise Translite Scaffolding has contributed to several landmark infrastructure projects across India, reinforcing its role as a trusted scaffolding partner for large-scale developments.

      In the metro rail sector, the company has supplied scaffolding systems for Delhi Metro, Indore Metro, Patna Metro, Agra Metro and Pune Metro. It has also supported the Delhi–Meerut RRTS corridor, a vital regional transport link in North India.

      On the highway front, Translite has been involved in major stretches such as the Dwarka Expressway in Delhi, the Ganga Expressway between Garhmukteshwar and Meerut, the Kurukshetra Highway, Chennai Peripheral Ring Road (CPRR), Delhi Mumbai Expressway and the Raipur–Vishakhapatnam Expressway.

      Within industrial and urban infrastructure, their projects include the New Parliament Complex, the TCS campus in Noida, and key facilities like Adani’s Dhamra LNG terminal and Tata Power’s plant in Mundra. The company has also supplied scaffolding for manufacturing hubs including those of Oppo, Haier, Micron Semiconductors, Hindalco, Hindustan Zinc and ATL Battery Technology amongst many others.

      One of the most significant milestones for Translite has been its selection as a scaffolding partner for the Mumbai–Ahmedabad High-Speed Rail project. As India’s first bullet train corridor, this project highlights the company’s capability to meet the demands of nationally significant infrastructure work.

      Commitment to Project Timelines Timely execution is one of the most valued attributes in infrastructure development. Delays can mean contractual penalties, loss of investor confidence, or failure to meet public launch dates. Translite’s operations are aligned with this urgency. From first inquiry to final dismantling, the company works closely with clients to match project timelines.

      Having a team that understands the pressure of daily construction targets and can proactively support scheduling has been a strong reason why Translite is preferred by large players. Project planners feel more confident knowing that their scaffolding requirements will not become a bottleneck in the overall plan.

      Conclusion The choice of scaffolding in mega infrastructure projects is not merely a logistical decision, but a strategic one. It touches safety, productivity, cost, and schedule. Translite Scaffolding, through its consistent delivery, technical support, and client-focused approach, has positioned itself as a trusted name in this high-stakes environment.

      As India’s infrastructure continues to scale, the scaffolding systems supporting these ambitions must evolve in step. Companies that can offer not just products but dependable partnerships will continue to shape the foundation of future-ready cities, transit systems, and industrial hubs.

      (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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