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    Telangana CM urges TCS'' HyperVault to launch its Hyderabad AI data centre by June 2028
    CBI FIR against Subhash Chandra for 'inflating' net worth to secure Rs 980 Cr in loans
    TCS subsidiary HyperVault to invest Rs 70,000 cr to develop Hyderabad AI data centre
    CBI FIR against Subhash Chandra for 'inflation' of net worth to secure nearly Rs 1,000-cr in loans
    Union Minister of Commerce & Industry Shri Piyush Goyal Calls for Nationwide FTA Utilisation Drive to Expand India’s Global Trade Footprint
    Union Minister of Commerce & Industry Shri Piyush Goyal Calls Upon Automotive Industry to Deepen Localisation, Expand Exports and Prepare to Serve Glo...
    GeM and Textiles Committee Sign MoU to Boost Procurement of Recycled and Upcycled Textiles
    India–EU FTA Opens Huge Opportunities for Farmers, MSMEs, Innovators, Startups and Businesses in India and Europe: Commerce and Industry Minister Sh...
    First Batch of Corporate Mitra Course Commences with 2879 Learners registered
    NFRA Constitutes Advisory Committee on Audit Quality, Assurance and Technology
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    'Policing the Republic': Book traces history of personal security, from Pharaohs to presidents
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September 5, 2026
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AI data centre development receives state support for a high-capacity campus and accelerated commissioning timetable.
HyperVault's proposed artificial-intelligence data-centre campus in Hyderabad is planned on 264 acres, with investment projected at up to Rs 70,000 crore and capacity of up to 1 GW. The campus is intended to provide high-density, liquid-cooled computing infrastructure for frontier AI companies and hyperscalers. Telangana's Chief Minister sought inauguration by June 2, 2028, while assuring required governmental sanctions and support. The project is estimated to create 7,000 jobs.
September 5, 2026
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Inflated net-worth certificates allegedly enabled secured lending, triggering fraud, breach-of-trust and asset-stripping allegations after default.
Alleged inflation of net-worth certificates is said to have induced approval and disbursal of two corporate loan facilities aggregating Rs 980 crore, each secured by continuing personal guarantees. The facilities subsequently defaulted. The FIR alleges that materially higher net-worth representations made in 2018 were later contradicted during insolvency proceedings, and attributes the lending to collusion among the guarantor, borrower entities and their officers. Allegations include cheating, creation of false documents, misappropriation and misapplication of loan funds, breach of trust, and asset stripping intended to frustrate recovery.
September 5, 2026
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AI data centre infrastructure investment enables phased deployment of high-density, liquid-cooled computing capacity using green and water-neutral design.
HyperVault plans to develop an artificial intelligence data-centre campus on 264 acres in Hyderabad, with capacity of up to 1 GW and investment by HyperVault and its partners of up to Rs 70,000 crore. The facility is intended to provide high-density, liquid-cooled computing infrastructure for frontier AI companies and hyperscalers. Development will proceed in phases according to customer demand and technology requirements, incorporating green-energy use and water-neutral design principles.
September 5, 2026
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Alleged inflation of personal net worth underpins fraud and breach-of-trust accusations over secured corporate lending.
CBI registration of an FIR concerns allegations that inflated personal net-worth certificates were used to secure corporate loan facilities from Life Insurance Corporation Housing Finance Ltd. The lender alleges that the certificates influenced lending decisions, the facilities subsequently defaulted, and later insolvency proceedings disclosed inconsistency between the represented and asserted net-worth figures. Allegations include collusion with borrower entities, false documentation, cheating, misappropriation of loan funds, and breach of lender trust.
September 5, 2026
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Free trade agreement utilisation requires district-level exporter support, rules-of-origin assistance, standards compliance, and coordinated market-access outreach nationwide.
Free Trade Agreement utilisation is to be advanced through coordinated action by central and state governments, sectoral ministries, Export Promotion Councils, industry associations and local export-support institutions. Preferential treatment is assessed against tariff rates faced by competing countries, while export competitiveness depends on scale, quality, customer trust and timely delivery. The Export Promotion Mission supports export credit, digitised compliance and FTA documentation, including rules-of-origin certification. District-level identification of products, clusters, new exporters and practical constraints, supported by workshops and rapid online facilitation, is intended to deepen market access.
September 5, 2026
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Automotive localisation and export competitiveness are prioritised through global-standard manufacturing, technology partnerships, sustainable mobility, and government infrastructure support.
Automotive-sector localisation, export expansion and global-standard manufacturing are prioritised to strengthen India's role in global production and trade. Companies are urged to invest in technology, innovation, research and development, use domestic scale for overseas markets, and avoid supplying inferior products domestically. Trade agreements are positioned as channels for market access, technology absorption and exports. Greater indigenisation is encouraged through component localisation, technology collaborations and expanded exports, supported by critical minerals, batteries, indigenous energy sources, research funding, plug-and-play infrastructure and industrial ecosystems.
September 5, 2026
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Circular textile procurement integrates certification, product categories and seller support to expand government markets for recycled materials.
Memorandum of Understanding for circular textile procurement links certification, standardisation and public-market access for recycled and upcycled products made from textile waste, scrap and second-hand clothes. The Textiles Committee will identify, verify, certify and recognise eligible producers and support specifications, catalogues and capacity building. Government e Marketplace will create dedicated product categories, onboard sellers, facilitate online market linkages, promote products to government buyers, and provide training and handholding to recyclers and upcyclers.
September 5, 2026
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India-EU Free Trade Agreement promotes tariff reduction, market access, investment resilience, and India-Belgium industrial and skills cooperation.
India-EU Free Trade Agreement is presented as reducing or removing tariffs on more than 95 per cent of Indian and European goods exports while protecting sensitive sectors on both sides. It is intended to expand trade, investment and economic resilience, with the Port of Antwerp-Bruges serving as a major gateway for Indian exports into European markets. India-Belgium cooperation is identified in gems and jewellery, semiconductors, green hydrogen, advanced manufacturing, agriculture and food processing, supported by mutual recognition, workforce mobility, skills development and technology collaboration.
September 5, 2026
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MSME compliance capacity-building programme launches structured learning and workplace training to develop certified paraprofessional support.
Corporate Mitra Course has commenced to develop trained and certified paraprofessionals capable of providing affordable business and regulatory compliance support to Micro, Small and Medium Enterprises. The 12-month programme includes six months of structured academic learning and six months of on-the-job training in professional firms. Its digital learning system offers recorded lectures, reference materials, assessments and learner-support facilities. The programme aims to strengthen MSME formalisation, ease of doing business, trust, transparency, accountability and orderly growth.
September 5, 2026
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Audit quality advisory committee broadens expert input on assurance, technology, and stakeholder perspectives in oversight.
NFRA has constituted an Advisory Committee on Audit Quality, Assurance and Technology under Rules 15 and 16 of the National Financial Reporting Authority Rules, 2018. The Committee will provide expert inputs and suggestions on matters significantly affecting audit quality, while supporting functions relating to awareness of auditing and accounting standards. Its members represent professionals, chief financial officers, audit committees, independent directors, technology experts, regulators and industry.
September 4, 2026
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Money laundering allegations over fraudulent marriage-assistance disbursements prompted investigation into false credentials and ineligible beneficiary payments.
Alleged money laundering arose from fraudulent disbursement of marriage-assistance funds intended for daughters of registered construction workers. The allegations include approvals and releases for suspicious marriage cases, use of bank accounts opened or misused on false credentials, multiple cash withdrawals, and extension of benefits to ineligible persons. Investigation under the Prevention of Money Laundering Act followed an economic-offences FIR concerning suspected misuse of the welfare scheme.
September 4, 2026
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Money-laundering allegations: discharge plea attributes airline's financial collapse to macroeconomic conditions and denies loan siphoning through sales agents.
Money-laundering proceedings arising from alleged bank fraud concern claims that loans advanced to an airline were siphoned off. The discharge application attributes the airline's financial collapse to adverse macroeconomic conditions rather than fraudulent conduct or laundering, denies diversion through General Sales Agents, and maintains that related payments were board-approved and disclosed. It also contests the treatment of the bank's outstanding claim as funds received by the founder, while the investigating agency alleges systemic fraud, loan diversion and laundering.
September 4, 2026
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Foreign exchange market conditions supported rupee appreciation, while oil prices and geopolitical tensions limited potential gains.
Foreign exchange market conditions supported the rupee's appreciation by 8 paise to 94.43 against the US dollar, aided by positive domestic equity markets, improved risk appetite, foreign capital inflows and foreign institutional buying. Reserve Bank of India intervention was also cited as support. Elevated crude oil prices, safe-haven dollar demand and United States-Iran tensions were identified as factors limiting further gains. India's foreign exchange reserves increased to a new all-time high during the relevant reporting week.
September 4, 2026
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Offer-for-sale IPO clearance enables existing exchange shareholders to monetise holdings, while sale proceeds remain outside the exchange.
Regulatory clearance permits the National Stock Exchange to proceed with an initial public offering structured wholly as an offer for sale by existing shareholders. The proposed issue does not raise fresh capital, and sale proceeds will accrue to the selling shareholders rather than the exchange. Revised offer documents were required after addition of a selling shareholder, triggering a fresh public-feedback period. The offering follows settlement of co-location and dark-fibre matters and governance and compliance measures addressing regulatory concerns.
September 4, 2026
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Equity market resilience was tempered by profit booking, geopolitical tensions, global rate expectations and domestic liquidity.
Equity markets registered a recovery after four consecutive losing sessions, led by buying in metal, private banking, oil and gas, housing finance, telecommunication, insurance, commodities and financial services shares. The benchmark equity index closed higher, while the broader index recorded a modest gain after retreating from an intraday level above the psychological threshold during the newly introduced Closing Auction Session. Investor sentiment was supported by easing interest-rate concerns, strong earnings momentum, resilient economic growth and domestic demand, but was constrained by profit booking, geopolitical tensions and crude-oil price risks.
September 4, 2026
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Forex reserve management reflects rising foreign currency assets and gold holdings, alongside marginal declines in SDRs and IMF reserve position.
India's foreign exchange reserves increased to a fresh all-time high, supported principally by higher foreign currency assets and gold reserves. Reserve accumulation has continued after concessional foreign-exchange swap initiatives introduced amid local-currency depreciation. Foreign currency assets, expressed in United States dollar terms, also reflect valuation effects from movements in currencies such as the euro, pound and yen. Special drawing rights and the reserve position with the International Monetary Fund declined marginally.
September 4, 2026
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IPO regulatory clearance enables further public issue preparations, with existing shareholders proposing a complete offer for sale.
SEBI's final observations on the proposed initial public offering enable the National Stock Exchange to undertake further public-issue preparations, subject to applicable regulatory requirements. The proposed issue is structured entirely as an offer for sale, under which existing shareholders would divest a portion of their holdings rather than the exchange issuing new shares. The draft red herring prospectus contemplates sale of 14.89 crore shares, representing nearly 6 per cent of the exchange's stake.
September 4, 2026
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Personal security frameworks evolved from elite guards into intelligence-led protection systems, while VIP culture can distort their necessity.
Personal security evolved from elite guards into structured systems combining physical protection, intelligence, technology and specialised protocols. Prime Ministerial security in India was reorganised after the 1984 assassination of Prime Minister Indira Gandhi by her bodyguards. A commission recommended a single protective agency, leading to the formation of the Special Protection Group in 1985. Statutory parameters introduced in 1988 sought to rationalise and scientifically streamline protection arrangements. Advanced technology, training, intelligence and protocols do not eliminate personal-protection vulnerabilities, and security is characterised as a necessity rather than a status symbol.
September 4, 2026
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Rupee exchange-rate movement reflects foreign-currency deposit inflows, central-bank intervention, oil-price risks and changing market risk appetite.
Foreign-exchange liquidity measures, including a special central-bank programme for foreign-currency deposits, generated substantial inflows that supported the rupee. Inflows from foreign-currency deposits, overseas foreign-currency borrowings and external commercial borrowings strengthened market conditions. Rupee appreciation was also supported by foreign equity inflows and risk appetite, but remained vulnerable to higher crude-oil prices, US-Iran tensions, safe-haven demand for the US dollar and possible disruption to oil flows through the Strait of Hormuz.
September 3, 2026
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Trade agreement consultations safeguard farmer, worker, MSME and sectoral sensitivities while phased bilateral tariff negotiations continue.
India-US bilateral trade agreement negotiations are being pursued on the stated basis that Indian sensitivities will not be compromised. The agreement's text remains non-public, while the government position identifies farmers, fishers, micro, small and medium enterprises, workers, handloom and handicrafts sectors, and the automobile industry as protected considerations. The arrangement is described as a first tranche, with further engagement contemplated following changes in the United States tariff landscape.

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IIM Calcutta launches Advanced Programme in Smart Manufacturing Leadership to drive India's Industry 4.0 revolution

August 13, 2025

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This programme is offered in partnership with VCNow Executive Education - a brand owned by Unified Collaboration Services LLP. KOLKATA, India, Aug. 13, 2025 /PRNewswire/ -- As India advances towards its goal of becoming a USD 5 trillion economy, the government is focused on enhancing the manufacturing sector, particularly through smart and digital manufacturing initiatives. With the 'Make in India' initiative having gained momentum, the National Policy on Electronics and the Production Linked Incentive (PLI) Scheme are further underlining the government's dedication to establishing India as a prominent global manufacturing hub. According to a report by OmniScience Capital, India's manufacturing sector is expected to play a pivotal role in driving economic growth, contributing 20% to the country's GDP by 2035 and presenting a potential market opportunity worth USD 3 trillion. To meet the demand for visionary leaders in this field, IIM Calcutta is launching the Advanced Programme in Smart Manufacturing Leadership (APSML) in collaboration with VCNow Executive Education, a brand owned by Unified Collaboration Services LLP. This unique eight-month programme targets senior professionals, plant heads, CXOs, operations leaders and entrepreneurs who aspire to implement smart and digital manufacturing strategies, utilizing Industry 4.0 technologies to achieve operational excellence and enhance competitiveness. "At IIM Calcutta, we are committed to developing future-ready leaders. The APSML programme is a strategic step towards empowering professionals to lead India's smart manufacturing revolution with vision, innovation, and technological excellence," said Prof. Alok Kumar Rai, Director, IIM Calcutta. "As we continue to push the boundaries of innovation and smart manufacturing, this programme represents a significant commitment to shaping the future of our industry and our nation," said Prof. R Rajesh Babu, Dean of Executive Education at IIM Calcutta. He goes on to add that the programme allows participants to gain a comprehensive understanding of Industry 4.0 and to design and lead digital transformation initiatives that leverage new-age technologies. "This is achieved through the integration of technologies such as IoT, AI, robotics, digital twins, and cloud computing to enhance manufacturing excellence." The programme's curriculum is carefully designed to cover key areas that are highly relevant to the industry. "The programme focuses on data-centric aspects such as data-driven manufacturing, cyber security, data governance, and system modelling, which enables participants with enhanced decision-making tools to improve business performance through optimized production processes, increased responsiveness and efficiency," explained Prof. Partha Priya Datta, Programme Director of APSML. As the industry requires a blend of technical, managerial, and operational skills, the programme also places a strong emphasis on strategic and operational aspects. "Through sustainable strategy, supply chain management, change management, and leadership skills in digital manufacturing, we aim to bring in the aspects of strategy and operational excellence and inculcate these amongst the participants. The programme helps participants to learn how to foster a culture of continuous improvement and drive strategic innovation within their organizations through the adoption of intelligent manufacturing," he pointed out. Prof. Vishal Bansal, Programme Director of APSML, highlights the significance of experiential learning in Industry 4.0, noting that to truly drive innovation, one needs to learn through direct experience. "Our teaching methods include hands-on demonstrations of Industry 4.0 tools, capstone projects, guest lectures from industry leaders, group projects, simulations, and gamified learning, along with case discussions focusing on both Indian and international manufacturing firms," he disclosed. What makes this programme executive-friendly is its seamless online format, made possible through a partnership with VCNow Executive Education, which utilizes state-of-the-art technology. "We are excited to partner with IIM Calcutta in launching this cutting-edge programme, which perfectly aligns with our focus on leveraging smart technology for transformative learning experiences. We look forward to supporting participants to learn and become leaders in their respective domains, providing them with seamless access to IIM Calcutta's world-class knowledge and resources through our technology and student support systems," shared Pulak Pattanayak, Co-Founder and Director of VCNow. The online sessions are held once a week for 3 hours on Saturdays, allowing professionals to balance their work and study commitments easily. Additionally, the programme includes a 4-day campus immersion, providing valuable hands-on experience. IIM Calcutta's Centre of Excellence in Manufacturing has a proven track record of delivering high-quality programmes and the Advanced Programme in Smart Manufacturing Leadership aims to elevate this expertise further. It is designed for professionals with at least 8 years of work experience in manufacturing, operations, supply chain, or related sectors. IIM Calcutta's APSML is a timely and distinctive offering that supports the national mission to transform India into a global manufacturing hub. By equipping professionals with the latest skills and knowledge, this programme is poised to shape the future of India's manufacturing industry. To learn more about the programme and admission process, visit the programme's website https://www.iimcal.ac.in/ldp/advanced-programme-smart-manufacturing-leadership-apsml About IIM Calcutta Established in 1961, Indian Institute of Management Calcutta is India's first national institute for postgraduate management education and a leader in business education in Asia. It is the only Indian B-school with triple accreditation from AACSB, AMBA, and EQUIS. Renowned for its academic rigor, global outlook, and strong industry connections, IIM Calcutta develops ethical, innovative leaders equipped to shape business and society worldwide. About VCNow: VCNow Executive Education is a brand owned by Unified Collaboration Services LLP, founded and run by professionals who pioneered the rollout of large-scale B2B video conferencing (VC) services in India. VCNow is a brand with a leading edge in leveraging video technologies for business and learning. VCNow Executive Education is trusted by India's premier B-Schools, and thousands of working professionals have benefited from its executive education programmes. VCNow currently runs programmes covering a wide range of domains in association with premier institutes including several IIMs and XLRI. Visit to know more about us - https://vcnow.in/go/iimc-apsml-pr. Media Contact Name: Shreyashi Dwivedi Email: [email protected] Photo - https://mma.prnewswire.com/media/2749000/IIM_Calcutta_Campus.jpg' alt='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

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