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    ED arrests IBC resolution professional
    Mumbai cops bust fake documents racket; four arrested
    After nine years at helm, N Chandra to exit Tata Sons amid expansion, governance standoff
    RBI invites comments on the Draft “Reserve Bank of India (Interest Rates on Loans and Advances) Directions, 2026”
    Sensex falls 188 pts amid elevated crude oil prices; Tata Group stocks decline after N Chandra's exit
    SJM urges govt to stand firm against US tariff pressure, calls for boycott of American products
    Union Minister of Commerce and Industry Shri Piyush Goyal Calls for Fair Trading Practices and Taking ‘Make in India’ from Local to Global
    Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman delivers keynote address at Seminar on “Role of the New Development Bank in M...
    Delhi HC halts processing of IT-returns of Supreme Court, high court judges
    Over 36,000 firms shut operations in Maharashtra in 5 yrs; Oppn claims graft, govt interference
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    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.
    August 12, 2026
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    Identity document forgery allegations prompt investigation into fraudulent Aadhaar updates and falsified government and educational certificates.
    Alleged forgery and misuse of identity-related records are under investigation following operations at Aadhaar centres. Seized materials reportedly include forged birth, educational, residence, caste and citizenship certificates, records bearing forged signatures and seals, and equipment used for Aadhaar updates. Four persons were arrested in two operations for allegedly preparing forged records and using them to update Aadhaar cards. Cases have been registered under relevant provisions of the Bharatiya Nyay Sanhita, with investigation continuing into the extent of the alleged network.
    August 12, 2026
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    Holding-company governance succession follows leadership departure, requiring transition planning amid unresolved strategy, capital allocation, board representation and listing questions.
    Tata Sons' leadership succession and governance framework have become central following the chairman's decision not to seek reappointment when his term ends in February 2027. The board has been asked to decide on a successor promptly. Unresolved matters include the strategic roadmap, losses and capital requirements in newer businesses, board representation, capital allocation, an exit route for the Shapoorji Pallonji Group, and the possible listing of Tata Sons. Future leadership must manage these issues while improving returns from investment-intensive businesses and maintaining established operations.
    August 12, 2026
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    Interest-rate regulation for loans and advances proposes harmonised fixed and floating loan-pricing principles across regulated entities.
    Interest-rate regulation for loans and advances is proposed to be harmonised across all regulated entities through a principles-based framework for fixed-rate and floating-rate loans. The framework would be calibrated to each entity's nature, complexity and scale, while supporting monetary policy transmission, credit-risk-based pricing, and fair, non-discriminatory borrower treatment. It addresses divergent commercial-bank practices in determining the marginal cost of funds-based lending rate and its components, alongside limited regulatory coverage of fixed-rate loans. Separate final directions are intended for each category of regulated entity after consideration of feedback.
    August 12, 2026
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    Elevated crude oil prices and Tata leadership transition drove broad equity market selling amid inflation concerns.
    Indian equity markets declined amid elevated crude oil prices, inflation concerns and broad risk-off selling. Tata Group shares, particularly TCS, came under pressure after N. Chandrasekaran announced that he would not seek reappointment as Tata Sons Chairman when his current term ends. Crude oil prices approaching the USD 90-per-barrel level affected investor confidence because of potential inflationary effects, while uncertainty over United States-Iran negotiations and Strait of Hormuz shipping disruptions added to global energy market concerns.
    August 12, 2026
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    Trade sovereignty and energy security underpin calls to resist tariff pressure and protect sensitive sectors in bilateral negotiations.
    Trade sovereignty and energy security are advanced as grounds for resisting tariff pressure linked to Indian purchases of Russian crude. Bilateral trade negotiations should proceed through equality, reciprocity and mutual respect without compromising agriculture, dairy, energy security or strategic autonomy. Concerns are also raised over removal of e-commerce inventory restrictions for foreign direct investment and over proposed Merchant Discount Rate charges on UPI transactions. Withdrawal of the inventory measure and opposition to payment-provider charges are urged, alongside possible restrictions on United States technology and social-media companies and consumer boycotts of American goods and services.
    August 12, 2026
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    Fair trading practices and circular production are promoted to strengthen Make in India and expand global market participation.
    Trade and industrial policy messaging encourages businesses to digitise operations, adopt good manufacturing practices, follow fair trading practices, and promote recycling, reuse and a circular economy. Nine free trade agreements are identified as creating preferential market-access opportunities for Indian industry and businesses. MSMEs, entrepreneurs, farmers, fishermen, workers and the services sector are encouraged to expand Indian products and services globally, improve competitiveness through scale, and strengthen the quality, design and brand value associated with Make in India.
    August 12, 2026
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    Private capital mobilisation requires credible long-term frameworks, risk-sharing mechanisms, and multilateral partnerships to strengthen infrastructure investment.
    Private capital mobilisation in infrastructure and development finance depends on credible long-term frameworks, investor confidence, project bankability, and balanced risk allocation. Public capital is intended to catalyse rather than replace private investment. Key financing mechanisms include Viability Gap Funding, the Hybrid Annuity Model, credit enhancement, and Infrastructure Investment Trusts. Long-term investment visibility and coordinated connectivity are supported through the National Infrastructure Pipeline and PM Gati Shakti framework, alongside investment measures for freight, rail, waterways, and coastal cargo.
    August 12, 2026
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    Judicial allowance exemptions under the new tax regime remain disputed, with return processing and resulting demands kept in abeyance.
    Tax treatment of specified judicial allowances under the new income-tax regime is disputed. Statutory service-condition provisions are asserted to exclude allowances, including official residence, conveyance, sumptuary allowance and leave travel concession, from income computation and to override the Income-tax Act. Pending consideration, affected judges may show these amounts as receipts not in the nature of income, and their returns are not to be processed further. Any resulting demand remains in abeyance, while refundable amounts are withheld subject to the pending proceedings.
    August 12, 2026
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    Corporate closure data highlights worker-claim treatment through insolvency adjudication and liquidation priority, while affected-worker information remains unmaintained.
    Corporate closure data recorded 36,211 private companies in Maharashtra as liquidated, dissolved or struck off during the preceding five financial years. Central information is not maintained on workers affected by closures or special rehabilitation packages. In corporate insolvency resolution, employee and worker claims are adjudicated under orders of the adjudicating authority. In winding-up or liquidation, the liquidator deals with pending wages and other admissible statutory dues, subject to available funds and the statutory order of priority.
    August 12, 2026
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    Compressed biogas development converts organic waste into cleaner fuel, rural income and reduced dependence on imported fossil fuels.
    CBG development is presented as a route for converting agricultural and organic waste into biomethane, bio-fertiliser and briquettes while reducing fossil-fuel imports, crop-residue burning and waste-management burdens. NexGen Energia's asset-light land-partner model uses landowner-provided sites while the company designs, installs and operates plants, including gas upgrading and offtake logistics. Anaerobic digestion and alternative gas-purification technologies support use of agricultural residue, food waste, manure and distillery effluent. Expansion is linked to the GOBARdhan National Circular Bioenergy Scheme, despite capital, feedstock-aggregation and commissioning constraints.
    August 12, 2026
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    Bilateral trade cooperation advances through investment focal points, services and health working groups, and planned preferential trade agreement negotiations.
    India-Namibia economic cooperation is being progressed through agreed follow-up mechanisms focused on value addition, investment facilitation and sectoral collaboration. Investment focal points have been designated, and a Services Working Group is to prepare a work plan for the Joint Trade Committee. Priority areas include health and pharmaceuticals, critical-mineral processing, gems and jewellery, digital payments, FinTech, railways, renewable energy and green hydrogen. Terms of Reference for the India-SACU preferential trade agreement were finalised, with negotiations to begin after signature and conclude within one year.
    August 12, 2026
    Show AI Summary
    AI governance in banking requires explainability, board accountability, rigorous testing, vendor controls and meaningful human oversight for customer-facing decisions.
    AI adoption in banking should be governed through a principles-based and proportionate framework that aligns innovation with financial stability, customer protection and accountability. Banks should maintain inventories of AI systems, adopt board-approved governance policies, ensure explainability for material lending and fraud decisions, conduct periodic red-teaming and stress testing, and preserve meaningful human oversight. Key risks include opacity, bias, vendor concentration, third-party dependence, data misuse, cyber vulnerability and loss of institutional accountability. Vendor arrangements require audit and explanation rights and credible exit plans.
    August 11, 2026
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    Land acquisition funding and regulatory approvals advance satellite-city development, tax relief, identity enrolment, employment verification, and jail reform.
    Assam Cabinet approvals include first-phase funding for land acquisition and development of the Aerotropolis Satellite City Project and a lease deed for a hotel supporting the Jagiroad semiconductor ecosystem. Measures also provide Aadhaar enrolment relaxation for Moran and Matak communities, zero agricultural tax up to the prescribed net-income threshold, OBC Non-Creamy Layer certificates, and trainee and graduate-assistance funding. Government jobs will be provisionally held pending police verification, with automatic confirmation where no report is submitted within six months. Jail rules will be amended to promote non-discrimination, sanitation, security and fair work allocation.
    August 11, 2026
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    Money-laundering investigation into alleged liquor-sale proceeds led to arrest and custodial questioning amid contested political allegations.
    Money-laundering investigation concerning an alleged liquor scam led to the Enforcement Directorate's arrest of Ramgopal Agrawal and seven days' custodial remand under the Prevention of Money Laundering Act. The agency alleged his connection with proceeds of crime, non-attendance despite multiple summonses, and evasiveness during questioning. Allegations concern purported control of the state excise department, illegal liquor sales, and sharing of commissions. The Congress has denied the allegations and described the investigation as politically motivated.
    August 11, 2026
    Show AI Summary
    GST inquiry closure bribery allegations prompted anti-corruption proceedings against a Sales Tax officer under corruption law.
    Alleged bribery in GST inquiry closure led to the arrest of a Sales Tax Assistant Commissioner after a scrap trader complained of a demand for illegal gratification to close an inquiry initiated through a GST show-cause notice. Anti-corruption officials reportedly verified the allegation through intermediaries, during which the officer allegedly agreed to accept payment for closing the matter. A criminal case was registered under the Prevention of Corruption Act, with further investigation ongoing.
    August 11, 2026
    Show AI Summary
    Direct tax collection growth reflected stronger non-corporate taxes and securities transaction tax receipts alongside slower refund issuances.
    Net direct tax collections increased by 23 per cent to over Rs 8.11 lakh crore through August 10, driven by higher non-corporate tax collections and slower refund growth. Gross direct tax collections grew by 19.75 per cent to about Rs 9.55 lakh crore. Net corporate tax collections rose about 20 per cent, net non-corporate tax collections rose 23 per cent, and Securities Transaction Tax collections increased 51 per cent. Refund issuances grew by 3.8 per cent year-on-year.
    August 11, 2026
    Show AI Summary
    Vicarious liability in cheque dishonour cases cannot attach to trust associates without statutory status or transaction-specific involvement.
    Vicarious criminal liability for cheque dishonour under section 141 of the Negotiable Instruments Act does not extend to a trust, because a trust is not a juristic person. A person cannot be summoned merely for alleged active involvement in a trust where the person was neither drawer nor signatory of the cheques, trustee, office-bearer, authorised account operator, guarantor, or executor of transaction documents.
    August 11, 2026
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    Cross-border payment integration through CBDCs and fast payment systems remains under BRICS discussion to reduce transfer costs.
    Cross-border payment integration is under discussion through potential linkages between central bank digital currencies and fast payment systems, including UPI-type platforms. These approaches seek faster and less costly trade and remittance transfers, particularly retail payments, but remain at a discussion stage. Rupee internationalisation is also being pursued through central-bank memorandums of understanding for bilateral trade settlement in local currencies, with existing arrangements covering Indonesia, Maldives, Mauritius and the UAE.
    August 11, 2026
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    Integrated infrastructure planning under PM GatiShakti coordinates project evaluation, multimodal connectivity, geospatial data use, and decentralized implementation.
    PM GatiShakti National Master Plan provides an integrated, data-driven infrastructure planning framework using geospatial data, satellite imagery and API integration. Project approval, implementation and funding remain with the respective Central Ministries, Departments and States or Union Territories under their own plans and budgetary provisions; the framework sets no separate budgetary allocation or quantified targets. The Network Planning Group evaluates critical Central Government projects at the planning stage for multimodality, synchronisation, last-mile connectivity, comprehensive local development and coordinated decision-making.

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      Chandigarh University Launches New 11 Industry -Aligned Programs for 2025–26 Academic Session to Make Students Ready for Future Careers

      July 31, 2025

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      New-Age 7 UG & 4 PG Industry Collaborated Programs Feature Courses in Engineering, Business Management, Commerce & Economics CHANDIGARH, India, July 31, 2025 /PRNewswire/ -- As new-age courses aligned with emerging industry requirements play a crucial role in preparing students for successful careers in an ever-changing competitive global landscape, Chandigarh University is offering 11 new advanced specialized programs in the academic year of 2025-26. Designed to move beyond theoretical learning, these programs equip students with practical skills which are essential for solving real-world problems and step into future-ready careers. These newly introduced programs, including seven undergraduate (UG) and four postgraduate (PG) courses, are strategically aligned with emerging industry demands in critical emerging areas including Artificial Intelligence, Data science, Capital Markets, Global Business Management, Media and Entertainment Management and Strategic Human Resource. Industry Collaborated Engineering and Computer Application Programs in Emerging Technologies Chandigarh University is offering one new UG and two new PG programs in Computer Science and Engineering (CSE) and Computer Applications in most in-demand specializations of Artificial Intelligence and Data Science. In CSE, Chandigarh University is offering Bachelor of Engineering (Hons) with specialization in Artificial Intelligence in collaboration with Microsoft to shape the next generation of innovators and problem-solvers in intelligent systems. The program blends core principles of computer science with cutting-edge AI technologies, preparing students to design, develop and deploy smart solutions across diverse industries. With hands-on exposure, interdisciplinary projects and mentorship from experts, the AI specialization equips students with the skills to lead in a tech-driven future. Chandigarh University is offering two PG programs in CSE and Computer Applications with specialization in Data Science. In CSE, Chandigarh University is also offering Master of Engineering (ME) with specialization in Data Science. This program imparts advanced skills in data analysis, machine learning and big data technologies by integrating in-depth theoretical knowledge with hands-on experience. This program equips students to become highly sought-after tech professionals, ready to tackle the challenges of the rapidly evolving data science landscape with cutting-edge programming skills, expertise in big data technologies and advanced visualization mastery. In Computer Applications, Chandigarh University is offering a new course MCA Data Science in collaboration with Intel, the global leader in manufacturing of of semiconductorcomputer circuits. This program empowers aspiring data scientists by enhancing their academic knowledge and technical skills in key areas such as data visualization, artificial intelligence, machine learning, and programming. Industry Collaborated Business Management Programs In Business Management, Chandigarh University is offering three new PG and one UG programs in this academic session to equip students with skills essential for navigating the complexities of contemporary business management, offering a diverse array of professional opportunities. Chandigarh University is offering Master of Business Administration (MBA) in Capital Markets program in collaboration with the National Institute of Securities Markets (NISM), an educational initiative by the Securities and Exchange Board of India (SEBI), the regulator of the securities markets in India. The MBA Capital Markets combines robust managerial education with specialized market knowledge, preparing graduates for leadership roles in the financial sector. With additional certifications from the esteemed NISM, students gain a competitive edge for a dynamic career in the financial sector. Chandigarh University is offering a new program, Master of Business Administration (MBA) in Global Business Management in collaboration with global professional services firm KPMG. Powered by SkillLabs at Chandigarh University, this MBA program aims to equip future leaders with the necessary skills to navigate the complexities of a globalised economy. This program provides unparalleled industry insights and hands-on learning opportunities in global trade practices and international business strategies. Chandigarh University is offering a new program, MBA in Media and Entertainment Management to prepare students for bright careers in the dynamic world of media, digital content and entertainment business.This industry-collaborated MBA program equips students with knowledge and skills in multiple domains, including media management, digital marketing, content production, and entertainment business strategies. This academic session, Chandigarh University is also offering a program, Bachelor of Business Administration (BBA) in Strategic Human Resource. This BBA program is a pioneering undergraduate program designed for the next generation of HR leaders who want to harness the power of AI, automation and data analytics to revolutionize workforce management with cutting-edge tools, global certifications and real-world HR strategies. Industry-Collaborated Commerce Programs Chandigarh University is offering three new cutting-edge UG programs in the commerce stream for bright careers. Bachelor of Commerce (Honours) in Capital Markets program is being offered in collaboration with the National Institute of Securities Markets (NISM) to prepare future leaders in the financial sector. With additional NISM certifications in Mutual Fund Distributor, Security Market Foundation, Equity Derivative, stock trading expertise and practical experience in financial markets, this program helps students gain advanced financial knowledge, practical expertise, and industry-relevant skills, providing the perfect platform to build a thriving career in finance and securities. Chandigarh University is offering B.Com (H) in Applied Finance and Analytics in collaboration with Grant Thornton, a leading multinational company providing assurance, tax and advisory services. Besides an in-depth understanding of finance, analytics, and cutting-edge technologies, students will master essential financial tools such as Excel, Python, Power BI, Busy, Tableau, Generative AI and ERP systems like SAP under this program to prepare for the challenges and opportunities in the evolving global financial landscape. Chandigarh University is also offering B.Com in Applied Finance and Analytics in Collaboration with Grant Thornton with an additional qualification of ACCA (the Association of Chartered Certified Accountants), a global body for professional accountants. Under this program, the additional opportunity to pursue ACCA equips students with expertise in global financial reporting, taxation, auditing, and management accounting, further enhancing their proficiency in the finance and accounting domains. New Programs in Humanities Chandigarh University is also offering two new programs -- 1 PG and 1 UG -- in humanities with future scope in the forthcoming years. Chandigarh University is offering Master of Arts (MA) degree in Economics for a comprehensive understanding of economic theory, empirical analysis, policy implications, Mathematics, Statistics, Econometrics, Data Analytics, and Public Policy. It includes the study of contemporary economic theories blended with a real-time hands-on learning experience. Specializations in Economic Analytics, Public Policy and Governance, Financial Economics are offered to students pursuing M.A. in Economics at Chandigarh University. Chandigarh University is also offering Bachelor of Arts (Hons./Hons. with Research) in Social Work to equip students with the knowledge, skills, and ethical foundations required to address social challenges and drive meaningful change. This program fosters empathy, critical thinking, and problem-solving abilities—qualities highly valued in the field of social work. 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 field 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/ (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI

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