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    BJP demands Vijayan’s resignation from Keralam LoP post over ED findings in CMRL case
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    Japan reports record exports, imports for July as energy costs climb
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    August 20, 2026
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    Money-laundering allegations over payments without services raise concerns about overseas transfers, identity-linked communications, and mineral smuggling.
    Money-laundering allegations concern claimed payments by Cochin Minerals and Rutile Ltd. to Exalogic Solutions Pvt. Ltd., a company promoted by Veena T., without corresponding services. Searches reportedly yielded handwritten material referring to fund transfers to Dubai and digital material relating to a SIM card obtained in another person's name. Further allegations included overseas fund movement, hawala transfers, and possible thorium or monazite smuggling, all presented as allegations requiring examination.
    August 20, 2026
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    Exchange stabilisation support aims to strengthen foreign-exchange resilience, reduce rollover dependence and restore access to longer-term market financing.
    Pakistan has sought a proposed Exchange Stabilisation Support Facility to reinforce foreign-exchange stability and signal currency resilience to international capital markets. The strategy seeks to reduce reliance on short-term bilateral loans, deposits and rollovers by moving towards market-based financing with longer repayment periods. Improving sovereign creditworthiness through engagement with credit-rating agencies is intended to facilitate international market access, lower borrowing costs and enable longer-maturity debt raising.
    August 20, 2026
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    Elephant ivory trade prohibition supports enforcement against wildlife trafficking, seizure of carved ivory articles, and further investigation.
    Illicit trade in elephant ivory and articles manufactured from it is prohibited under the Wildlife (Protection) Act, 1972, supporting India's CITES obligations. Enforcement action against a wildlife-trafficking syndicate resulted in the interception of four persons and seizure of 54 carved ivory artefacts. The seized articles and apprehended persons were transferred to the State Forest Department for further investigation. The action forms part of continuing measures against unlawful trade in wildlife derivatives and biodiversity threats.
    August 20, 2026
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    Trade deficit pressures persist as energy-import costs and currency weakness offset record automobile and electronics export growth.
    Japan recorded its highest July import and export values since comparable statistics began, but continued to experience a trade deficit as rising energy costs increased import expenditure. Higher crude oil prices and disruption to Middle East supply routes affected an economy reliant on imported oil, while a weak yen raised the cost of fuel, food and raw materials. Strong automobile, semiconductor and electronics exports benefited from currency weakness, which also increased the yen value of overseas earnings.
    August 19, 2026
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    Forged health-scheme cards allegedly enabled ineligible treatment and misuse of public healthcare funds through false beneficiary details.
    Alleged misuse of Ayushman health-scheme cards involved collecting identity and ration-card details by promising free treatment, then creating forged beneficiary cards with false particulars. The alleged scheme enabled treatment for ineligible persons and purported claims of government health-scheme funds. Police arrested five persons, recovered purported forged identity and beneficiary cards, and are investigating possible involvement of hospital and medical-office personnel, the scale of card forgery, and alleged diversion of public funds.
    August 19, 2026
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    MSME competitiveness requires affordable credit, technology adoption, formalisation, sustainable trade and stronger export-market access for inclusive growth.
    MSME development is identified as central to employment generation, exports, entrepreneurship, economic resilience and self-reliance. Key priorities include affordable credit, technology upgradation, supply-chain integration, market access, brand-building and reduced red tape. Formalisation of micro industries is emphasised to expand institutional credit access, while sustainable trade is promoted through green technologies and renewable energy. Export competitiveness is to be strengthened through regional production capabilities and the "One District, One Export Hub" initiative.
    August 19, 2026
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    Supply-side inflation risks support a policy pause pending evidence of broad-based, persistent price pressures and de-anchored expectations.
    Monetary policy calibration remained on hold because food and fuel inflation had not yet produced broad-based or persistent price pressures. The policy pause was supported by limited pass-through of supply-side shocks, contained core inflation and no clear demand-driven overheating. Recalibration depends on incoming evidence of persistent inflation, entrenched supply-side pressures, de-anchored expectations and the evolving growth-inflation dynamic. Geopolitical disruption, volatile oil prices, monsoon conditions and El Nin o-related agricultural risks remain material inflation risks.
    August 19, 2026
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    Examination irregularities investigation examines alleged answer-sheet cheating, managed centres and suspected solver-gang involvement by a biometric operator.
    Alleged examination irregularities involved suspected cheating through the receipt of an answer sheet by an examinee from personnel of a private firm conducting the examination. Police arrested a biometric operator following an investigation into his alleged involvement. His prior work with biometric firms and manpower supply agencies was examined in connection with clues concerning allegedly managed examination centres and a suspected solver gang.
    August 19, 2026
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    Trade restrictions on Iran halt commercial and financial exchanges as regional security threats disrupt maritime commerce and re-export access.
    UAE trade restrictions on Iran halted all trade, commercial exchanges and financial transactions until further notice following reported ballistic-missile incidents and regional security escalation. The UAE assessed the missiles as directed at maritime traffic, while Iran denied launching them. The suspension disrupts the UAE's role as a major trade and re-export gateway for Iran and may increase Iran's economic isolation. Continuing threats to shipping through the Strait of Hormuz also create economic risk for the UAE's regional business, finance and tourism position.
    August 19, 2026
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    Inflation persistence and expectations guide continued rate hold amid supply shocks and uncertainty over broader price pressures.
    Monetary policy calibration remains contingent on clearer evidence that supply-side price shocks are becoming persistent, broad-based inflationary pressures. The policy rate was maintained unchanged amid uncertainty from higher energy costs, supply-chain disruption, an erratic monsoon and food, fuel and input-price risks. Policy tightening may be required if inflation becomes generalised, expectations become de-anchored, or inflation persists. A wait-and-watch approach was preferred pending clearer realised inflation, forecasts, weather effects and global conditions.
    August 19, 2026
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    Online credit card applications streamline comparison, eligibility screening and e-KYC, while approval remains subject to issuing-bank criteria.
    Online credit card applications through the JioFinance app combine card comparison, eligibility checks, electronic verification, application submission and status tracking. Eligibility screening may occur without affecting the applicant's credit score, but approval remains subject to the issuing bank's criteria and internal policies. Aadhaar-based e-KYC or other accepted electronic verification may be used where applicable. Applicants should provide accurate Aadhaar, PAN and mobile details. Eligible approved applicants may receive a virtual card before physical-card delivery, subject to applicable terms and conditions.
    August 19, 2026
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    Comprehensive strategic partnership drives ministerial and business engagements on investment, market access, technology collaboration, skills and agri-food trade.
    India-Singapore economic engagement is being advanced through ministerial and business roundtables under the Comprehensive Strategic Partnership. A multidisciplinary business delegation is undertaking business-to-business, government-to-business and institutional engagements focused on partnerships, investment, market access, technology collaboration and talent development. Agricultural trade cooperation includes promotion of Indian agri-food exports through a retail initiative. The engagement seeks to strengthen trade, investment, digitalisation, advanced manufacturing, skills development, green-economy cooperation and people-to-people ties.
    August 19, 2026
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    International senior notes issuance diversifies the bank's funding sources and expands access to global debt capital markets.
    IDFC FIRST Bank accessed international debt capital markets through its IFSC Banking Unit at GIFT City by issuing inaugural fixed-rate senior notes with a three-year tenor, due in 2029. The notes were offered to investors outside the United States under the Regulation S format. The issuance followed an investment-grade long-term issuer credit rating with a stable outlook, diversifies the bank's funding sources, and creates an avenue for access to global capital markets in support of long-term growth.
    August 19, 2026
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    Closing auction session safeguards market transparency through pooled order matching, backed by immediate action against manipulation and stronger monitoring.
    Closing auction session (CAS) improves transparency and reduces manipulation in end-of-trading price formation by pooling buy and sell orders during a designated closing window for auction-style matching. Manipulation intended to undermine CAS is subject to prompt and stringent action, supported by enhanced monitoring. Responsible use of artificial intelligence and machine learning requires tiered accountability and governance, including kill-switch, human-in-the-loop and data controls. Regulated entities remain responsible for privacy, security and integrity of investor data used by every AI tool they deploy.
    August 19, 2026
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    Foreign exchange market movement shows rupee pressure from elevated crude prices, moderated by reserves, intervention and FCNR(B) inflows.
    Foreign exchange market movement saw the rupee depreciate marginally against the US dollar amid higher global crude oil prices, heightened West Asia tensions, a stronger dollar environment and weaker domestic equity markets. Central-bank intervention and foreign fund inflows provided support. Adequate foreign-exchange reserves and stronger-than-expected FCNR(B) scheme inflows were identified as factors limiting the scope for sharp depreciation.
    August 19, 2026
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    AI reliability engineering expands through an enterprise hub supporting AI assurance, agentic engineering, observability and trusted AI deployment.
    QualityKiosk Technologies has established a Hyderabad engineering hub to expand AI reliability engineering, AI assurance and agentic engineering capabilities. The centre supports engineering, marketing, branding, analyst-relations and advisory functions, while serving enterprise demand for AI reliability, product engineering, CloudOps and automation. It advances an AI reliability operating framework covering AI for reliability, reliability of AI, agentic engineering, shift-right engineering, frontier-system reliability, observability and platform-based delivery to promote governance, resilience, operational trust and assurance in AI-powered systems.
    August 19, 2026
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    Money laundering investigation examines alleged diversion of government contract funds and their use in creating trust and university assets.
    Money-laundering investigation under the Prevention of Money Laundering Act led to searches of premises associated with the Maulana Mohammad Ali Jauhar Trust, its university, linked companies, promoters and a chartered accountant. The inquiry concerns alleged diversion of government contract funds through private contractors and their alleged subsequent use, including for creating assets of the Trust and university. Separate planning-law issues concern allegations that most university buildings were constructed without approved plans.
    August 19, 2026
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    Foreign exchange market conditions supported marginal rupee strength despite crude oil pressures, regional tensions and oil-company dollar demand.
    Foreign exchange market conditions reflected a marginal strengthening of the rupee against the US dollar in early trading, supported by reported Reserve Bank of India intervention, a softer dollar index and foreign institutional equity inflows. Higher global crude oil prices, West Asia tensions and oil-company demand for dollars continued to exert pressure, resulting in a range-bound trading environment.
    August 19, 2026
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    Competition approval for Tata Steel's share acquisition restructures ownership of logistics joint venture following an existing partner's exit.
    Competition approval has been granted for Tata Steel Ltd.'s acquisition of IQ Martrade Holding Und Management GmbH's entire 23% equity shareholding in TM International Logistics Ltd., resulting in IQ Martrade's exit. Following completion, Tata Steel and NYK (Europe) B.V. will hold 74% and 26% equity shareholding, respectively. TM International Logistics primarily serves Tata Steel's logistics and cargo transportation requirements through railway cargo transportation, port operations and cargo handling, freight forwarding, and value-added logistics services.
    August 19, 2026
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    Competition approval enables increased insurtech shareholding through a rights issue, crossing the prescribed ownership threshold in insurance businesses.
    Competition approval has been granted for General Atlantic Singapore ACK Pte. Ltd. to acquire additional shareholding in Acko Technology & Services Private Limited through the target's rights issue, resulting in the acquirer crossing the 25% shareholding threshold on a fully diluted basis. The target is an Indian insurtech company with subsidiaries conducting licensed general and life insurance businesses, while another subsidiary awaits a corporate agency licence for insurance-policy distribution.

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      Entrepreneur Prof. Klaus Fischer''s 75th Birthday

      August 16, 2025

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      Only those who focus on the future will be successful Bengaluru, Karnataka, India (NewsVoir) On 17 August 2025, the owner of the fischer Group of Companies celebrates his 75th birthday. This year, he also celebrates 50 years of service and 45 years as General Manager – impressive milestones for a consistently future-oriented entrepreneur. His principle: ‘Only those who focus on the future will be successful.’ Prof. Fischer is demanding and always ahead of his time. 50 years ago, at the age of 25, he joined the company as a graduate engineer (FH) and took over the test field. At that time, the company had around 1,000 employees and generated sales of 102 million German marks (approximately 51 million euros). Today, 4,700 people worldwide are part of the family-owned company with an annual turnover of over 1.11 billion euros in 2024.

      Prof. Fischer soon became part of the management team. In 1980, he took over overall responsibility and developed his own vision. He took into account social changes, growing global competition and internal complexity while customer proximity, spirit of innovation and sustainable service have always played a central role.

      New products are now being developed worldwide. Research and development are also becoming increasingly international. ‘Acting entrepreneurially, focusing on the customers and leading the company strategically into the future together with our employees – that was and is my goal,’ explains Prof. Fischer.

      Strategic expansion of the company divisions Prof. Fischer continuously expanded the fixing systems division. In 1993, the acquisition of Upat GmbH & Co. KG in Emmendingen (then Germany's second-largest plug manufacturer) secured his market leadership. In addition to plastic plugs, heavy-duty metal fastenings gained in importance. The integration of ROCCA Bauchemie GmbH & Co. KG (foams and silicones) in 1997 created today's successful chemical division in Denzlingen. Further expansion of the chemical division is imminent. This will further strengthen the fischer fastening technology in the long term whilst becoming aligned with the future of construction.

      fischer mission statement and fischer ProcessSystem Prof. Klaus Fischer's understanding of progress is holistic. It was already in 1987 that he introduced a company mission statement. The values ‘innovative’, ‘reliable’ and ‘accountable’ were developed together with the employees and still apply to everyone in the company today. The group works worldwide in a results-oriented manner for the benefit of its customers. This is also achieved by avoiding waste and increasing added value. The fischer Process System was developed from the mission statement and the Japanese philosophy of KAIZEN, which stands for continuous change for the better.

      Employees play a central role in this: with their experience, they recognise weak spots and know how the company can be improved. They are thus entrepreneurs within the company, take responsibility and initiate improvements on a daily basis. Mistakes are allowed, as long as they are not made twice. ‘We strive to be the best, not only in our products but also in our processes – in order to create real added value for our customers.’ In 2004, fischer Consulting was created from the expertise developed within the company. The internationally active process consultancy supports internal and external customers on their way to lean and efficient processes.

      Fibre composite pioneer fisco The subsidiary fisco was founded in 2015. Among other things, the fibre composite pioneer is the first company in the world to develop a non-combustible fibre composite material that is ideal for structural retrofitting. With its versatile products and solutions, fisco is represented in the construction industry, railway infrastructure, shipbuilding and vehicle equipment.

      One year later, in 2016, Klaus Fischer strengthened the fischer Group of Companies’ activities in the field of electronic components with the acquisition of LNT Automation GmbH. The division, in the meantime renamed fischer Electronic Solutions, develops and manufactures customised electronic solutions for industry and medicine.

      Inspiring young and old alike for technology – with fischertechnik Over the past decades, the fischertechnik division has undergone continuous development. The multi-award-winning construction kits stand for quality, durability and a playful learning experience. Prof. Fischer is particularly keen to inspire young people – especially girls – to take an interest in technology at an early age. fischertechnik learning concepts are used in schools, colleges and universities – for example in training in the MINT subjects (mathematics, information technology, natural sciences and technology) or Industry 4.0. Today, fischertechnik is represented in over 60 countries worldwide.

      Investments in education and health ‘The greatest asset and most important factor for success in our company are the employees – not the facilities and buildings,’ emphasises Prof. Fischer. Success depends largely on motivation and qualifications. That is why Prof. Fischer and his company invest heavily in training and further education. There are various talent pools. The Klaus Fischer Education Centre, the company's own training facility, has held around 1,000 free events on various topics since it was founded in 2010. In addition, all employees and pensioners have free access to the company's own fitness studio seven days a week at the company’s Waldachtal site.

      Professional sustainability Sustainability is a particularly important issue for Prof. Fischer. It is managed holistically within the company, resulting in lean processes, speed and efficiency. The company passes on its knowledge and experience through the fischer Sustainability Campus and trains future sustainability managers. The company has received the German Sustainability Award in the ‘Large Companies’ category and numerous other awards for its commitment to sustainability.

      Prof. Klaus Fischer's commitment extends far beyond the company: in 2015, he established the Klaus Fischer Foundation for Children and Youth Education. Numerous institutions – kindergartens, schools, associations – benefit from his donations, as do international projects. He has also received numerous awards for this work: in 1996, he was awarded the Baden-Württemberg Business Medal; in 1998, he received the Training Oscar from the Junior Chamber; in 2001, he was awarded the Cross of Merit, 1st Class; and in 2013, he received the Grashof Medal from the Association of German Engineers, VDI. He has also been made an honorary professor at Tongji University in Shanghai and an honorary senator in Vienna and Stuttgart. In 2016, he received the Global DIY Lifetime Award, and in 2020, the title ‘Host of the Year’ for the company restaurant in Waldachtal. This was followed in 2021 by the title of Dottore Magistrale ad honorem from the University of Padua and, in 2024, the title of Dr.-Ing. E. h. from the University of Stuttgart.

      Looking ahead Prof. Klaus Fischer has a clear vision for the future of his company. ‘It is very important to me that we focus on tomorrow and the day after tomorrow and prepare our company for the future,’ he says. Artificial intelligence, digitalisation and robotics have long been part of the fischer Group of Companies. The best example of this is the fischer BauBot construction robot. Already since 2020, the fischer Innovation Campus, located in the immediate vicinity of the company’s Tumlingen site, has been opening up new avenues for research, technology and collaboration. The family-owned company has 50 operating companies worldwide and exports to over 120 countries. The establishment of the 51st company in Saudi Arabia is imminent. More will follow. Thus, Prof. Klaus Fischer is continuing to expand the company's internationalisation.

      And what are Prof. Klaus Fischer's wishes for the coming years? ‘To stay healthy! And that what we all started together in our company will be continued – with strength, enthusiasm and the same passion for the company that I have felt all these years.’ (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI PWR

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