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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
    50 tonnes of copper without e-way bills seized by Delhi GST, Railways joint team
    India's exports surge 19.6 pc in Jul; trade deficit widens to six-month high
    CBI ARRESTS CGST SUPERINTENDENT IN BRIBERY CASE
    The cumulative exports (merchandise & services) during April-July 2026-27 is estimated at US$ 316.42 Billion, as compared to US$ 279.63 Billion in Apr...
    Unlimit Mobile Ties Up with ICICI Bank Canada, RBC Royal Bank to Add Mobile Connectivity Benefits to Student GIC Journey
    Standard Chartered Accelerates India's GCC Growth with its Global Banking Expertise and 25 Years of GCC Experience
    IFSCA Grants Nexent Capital GIFT City Investment Banking License
    India's exports rise 19.63 pc to USD 44.24 bn in Jul; trade deficit widens to $31.98 bn
    Vizhinjam port to commence EXIM operations from Aug 18: Kerala CM Satheesan
    Ratul Puri: Beyond Low-Cost Power to Clean Energy Reliability
    PMS Bazaar Collaborates with NSDL Database Management Limited (NDML Accreditation Agency) to Expand Access to SEBI Accredited Investor Certification
    Compounded annual growth rate of Manufacturing GVA at constant prices (2022-23 base) as per revised series during 2022-23 to 2025-26 is 10.88%
    National Company Law Tribunal (NCLT) Launches e-Inspection and e-Certified Copy Services
    The Government of India to launch the Central Bank Digital Currency (CBDC)-based Direct Benefit Transfer (DBT) in the Union Territories of Chandigarh ...
    India and the Southern African Customs Union (SACU) sign Terms of Reference (ToR) for negotiations towards a Preferential Trade Agreement
    Airtel ends all prepaid mobile plans offering 1.5 GB data per day with unlimited calls
    ED arrests IBC resolution professional
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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.
    Banking-sector participation is emphasised through last-mile credit access for MSMEs, women entrepreneurs, rural artisans, small farmers and other underserved beneficiaries. Banks are urged to expedite government-scheme applications, maximise coverage and use technology for timely financial support. Industrial-policy assistance and incentives cover startups, SC/ST entrepreneurs, persons with disabilities and first-generation entrepreneurs. Greater coordination, expanded village banking access, and vigilance against cyber fraud and mule accounts are also prioritised.
    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.
    India's merchandise trade data records increased July exports to the United States and China, alongside growth in imports from both markets. Exports to Singapore, the United Arab Emirates, the Netherlands, Germany, South Africa, Tanzania, Australia, Malaysia, Sri Lanka, Italy and Vietnam showed positive growth, while July exports declined for the United Kingdom, Bangladesh, Saudi Arabia and Nepal. Imports also increased from Russia, Korea, Singapore, Germany, Oman, Malaysia, Taiwan and Brazil. India and the United States are negotiating a trade pact amid an additional United States tariff on India.
    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.
    Bribery allegations involving GST enforcement led to the arrest of a CGST Superintendent after a complaint alleged that payment was demanded from a private company to avoid issuance of a tax-liability demand notice and to close the matter. A trap operation resulted in the public servant being apprehended while allegedly accepting part of the demanded bribe, and the amount accepted was recovered. Searches were undertaken, and investigation remained ongoing.
    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.
    Referral arrangements connect mobile connectivity benefits with the Student Guaranteed Investment Certificate application journey. Applicants may access an online portal through a referral link, submit documents, complete know-your-customer verification, and fund the GIC from permitted Indian bank accounts in no more than two transactions. After arrival, students may activate the GIC account and open a linked bank account for receipt of GIC transfers. Eligible verified applicants receive non-cash mobile credits usable only against mobile bills, subject to a cap on the bill portion payable through credits.
    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.
    Vizhinjam International Seaport is scheduled to commence EXIM operations after Customs clearance, issuance of Customs notifications, establishment of a Customs-bonded area, and temporary connectivity to NH-66. The port had previously handled transshipment operations. A proposed transfer of a stake in the port concessionaire to a foreign shipping company remains under committee examination and requires Central Government consideration of strategic and security aspects.
    August 13, 2026
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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.
    SEBI's Accredited Investor framework enables eligible investors and entities to obtain certification that may allow lower minimum investment thresholds for Portfolio Management Services, Alternative Investment Funds and other alternative investment products, along with applicable regulatory flexibilities. PMS Bazaar and NSDL Database Management Limited's Accreditation Agency facilitate end-to-end applications, subject to required documentation and prescribed payment. Assistance is available to individual investors and eligible clients of investment providers without additional platform, service or processing charges, while prescribed certification fees remain payable.
    August 13, 2026
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    Manufacturing GVA growth under the revised national accounts series highlights stable sectoral contribution and resilience-focused industrial measures.
    Manufacturing performance is assessed under the revised National Accounts Statistics series using 2022-23 as the base year. Manufacturing's share of total Gross Value Added at current prices remained broadly stable through 2025-26, and Manufacturing GVA at constant prices achieved a compounded annual growth rate of 10.88% from 2022-23 to 2025-26. Production Linked Incentive schemes, logistics and industrial-corridor measures, semiconductor initiatives, and MSME support seek to strengthen domestic manufacturing, diversify supply chains, reduce import dependence, and improve resilience.
    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.
    CBDC-based Direct Benefit Transfer under the Pradhan Mantri Garib Kalyan Anna Yojana will credit eligible beneficiaries' food subsidies as programmable Digital Rupee tokens directly into CBDC wallets. Beneficiaries may use these credits to purchase foodgrains from empanelled merchants through secure, real-time and traceable payments, replacing conventional bank-account transfers. The model is intended to improve traceability, reduce leakages and cash handling, enable real-time monitoring of subsidy use, and provide a scalable framework for CBDC integration with welfare schemes.
    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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      400 Young Innovators from 15 States Compete in North India's Largest University-Led Hackathon at CU

      August 22, 2025

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      ADGIPS Delhi Tops, CU Secures 2nd Position; Winners to get access to $6 Million Prize Pool Access Chandigarh, India (NewsVoir) To empower young innovators with entrepreneurial skills and transform their ideas into real-world start-ups, Chandigarh University’s Innovation and Entrepreneurship Development Cell (CU-IEDC) in collaboration with its Technology Business Incubator (CU-TBI) organized ‘Zero-to-One’ – a nationwide 24-hour MVP Building Hackathon on Thursday to mark World Entrepreneurs’ Day. Attracting registrations from over 1,300 teams and 5,200 student innovators representing leading universities across 15 states, the event has positioned itself among the largest university-led hackathons in India, offering participants access to a $6 million prize pool and a direct entry to Campus Tank.

      The ‘Zero-to-One’ hackathon is themed ‘an idea in the morning, a start-up by night’ served as a fast-paced innovation sprint, giving aspiring entrepreneurs a platform to transform their ideas into market-ready Minimum Viable Products (MVPs). Out of a total of 1300 teams, 100 teams were shortlisted who developed MVPs during the given 24-hour slot out of which top 10 teams were selected in the final round.

      The top 3 winning startups got direct entry in the country’s first university-led start-up challenge Campus Tank granting direct access to the top 300 teams to compete for the $6 Million prize pool. Lazy Genius, a team of four students from Dr Akhilesh Das Gupta Institute of Professional Studies (ADGIPS) New Delhi which came first in the Startup Challenge for their HealthTech Startup, has developed a physiotherapy model which will remain easily available for users with back and neck pain issues. Zudos, a team of three Chandigarh University students who came second in the Startup Challenge, have developed a tech startup for the creation of an affordable smartboard which operates with a laser mouse. Invaders, a team of four students from St John College of Engineering & Management (SJCEM) in Maharashtra which came third, have developed a Fintech Startup which will help groups of people who can’t borrow money from bank to get loans on monthly basis by becoming part of a digital wallet. A special award of US$ 100 was also given by Github to Syntex Syndicate.

      While CMD Tynor Orthotics India and Vice Chairman, Confederation of Indian Industry (CII) Pushvinder Jit Singh presided over the event as Guest of Honour, other prominent personalities from the world of entrepreneurship and start-ups who mentored participants in their prospective ventures during the hackathon include Mahavir Pratap Sharma, TIE India Angels, Mohit Dua Co-Founder, AI Sensy, Piyush Garg, Founder Techyst, Pratiksha Gupta, CEO, One Special Place, Piyush Sharma, Facilitator Google Cloud, Santosh Kumar Mishra, SDE Microsoft, Uday Sharma, CEO DevnDez, Simarpreet Singh, Developer Groups Google and Vikash Kumar Yadav, Campus Expert Github. From Chandigarh University, Prof (Dr) RS Bawa, Advisor to Chancellor, Chandigarh University and Prof (Dr) Manpreet Singh Manna, Vice-Chancellor, Chandigarh University and Archita Nandi, Director, Chandigarh University – Technology Business Incubator (CU-TBI) among other dignitaries were also present on the occasion.

      The hackathon saw participation of aspiring founders from premier institutions including Amity University, GLA University, Thapar University, Lamrin Tech Skills University, MIT ADT University, Chitkara University, LPU, UPES, SRMIST, Delhi Technical Campus, IIIT Sonepat, VNIT, NIET, Geeta University, HPTU, GEC Gandhinagar and Chandigarh University among others. The participants came from states such as Gujarat, Maharashtra, Delhi NCR, Odisha, Tamil Nadu, Karnataka, Punjab, Mumbai, Pune, Ahmedabad, Jodhpur, Warangal, Ludhiana, Amritsar, Panipat, Gurgaon and Chandigarh among other cities.

      Deep Inder Singh Sandhu, Senior Managing Director, Chandigarh University said, “Zero to One is the first of its kind MVP building hackathon organized by Chandigarh University that is aimed at transforming ideas into enterprise. It has brought together students, startups and tech enthusiasts to brainstorm, innovate, build and present impactful start-up solutions under the mentorship of industry stalwarts. I am quite hopeful that it is through such events that empower next-gen entrepreneurs with adequate funding and expert mentorship to transform their ideas into successful ventures, the start-up ecosystem of India will grow to be number one in the world soon. The hosting of ‘Zero to One’ has established CU which has already incubated more than 200 startups as national innovation driver that empower job-creators.” Archita Nandi, Director, Chandigarh University – Technology Business Incubator (CU-TBI) said, “While top 3 teams got the direct entry in the Campus Tank, the top 10 selected teams will be handheld by CU to release an MVP in the most frictionless environment for the next 4 months with incubation and market launch support from Chandigarh University. The handheld startup teams will be mentored by industry stalwarts and get direct entry to the demo day at Campus Tank. The hackathon was designed to bridge the gap between academic learning and real-world entrepreneurship. With a focus on ideation, validation, MVP building, debugging and final pitching, the program created a launchpad for India’s next generation of startups, while also celebrating the successes of seasoned entrepreneurs who have already made their mark. The top teams will also gain exposure to CU’s established Technology Business Incubator (TBI) infrastructure, integrating them into India’s growing startup ecosystem.” Under strong leadership at the Centre, Transformative reforms reshaping every sector in India, this is the right time to dive into the world of entrepreneurship: Pushvinder Jit Singh, CMD Tynor Orthotics India and Vice Chairman, CII Pushvinder Jit Singh, CMD Tynor Orthotics India and Vice Chairman, Confederation of Indian Industry (CII) said, “We are living in extraordinary times under a strong and visionary leadership at the Centre. With transformative reforms reshaping every sector, India is rising with renewed confidence and is well on its way to becoming a Vishwa Guru. There has never been a more opportune moment to dive into the world of entrepreneurship than now.” Zero to One – 24 Hour Startup Challenge will help students, encourage entrepreneurship, says Santosh Kumar Mishra, Founder of InterviewCafe & Microsoft’s Software Development Engineer Santosh Kumar Mishra, SDE II (Software Development Engineer II) at Microsoft and Founder of InterviewCafe, said, “A Startup is not just about building a product but also about marketing, sales and all other things around it. Chandigarh University is supporting students in everything from product development to marketing and sales and there is a culture here at CU for encouraging entrepreneurship. I think this is a big shift of mind and it’s very important in this era to have a mindset of a job creator than a job seeker. I think leadership skills are also being developed at CU for building a Startup.” Lauding Chandigarh University’s Campus Tank initiative, Mishra said, “This is a great initiative as it will give opportunity to students who are not studying in India. Students are the pillars of India’s Startup eco-system. So, the government and Chandigarh University are doing great work by providing a supporting environment. All students need is not chase good marks only and discover their passion because helps put all your energy into something and lead a meaningful life.” Chandigarh University has taken commendable initiatives for providing in-house platform for students: Simarpreet Singh, Community Organiser, Google Developer Groups Simar Preet Singh, Community Organiser, Google Developer Groups, said, “Generally, students do not have funds to start their startup. So ‘Zero to One – 24-Hour Startup Challenge 2025’ is a great initiative for students to transform classroom knowledge into entrepreneurial action. As the winners of this hackathon will get entry into Campus Tank which has pledged funding of $6 million, such funding can help them build their startup. I think providing such in-house platform to students is a commendable initiative. Students should definitely try to make their ideas a reality. This increases their self-confidence. I have seen the development of a startup culture in India. It would be a great if students of Chandigarh University build their own startups and bring glory to India.” Chandigarh University is promoting Startup culture among students with Hackathons, says Uday Sharma, Founder & CEO of DevnDez Lauding the Zero to One – 24 Hour Startup Challenge, Uday Sharma, Multi-Niche Tech Creator and Founder & CEO of DevnDez, said, “Such a competition is a great initiative for promoting a Startup culture among students. I advise students to be yourself. If you know the problem you are solving and the purpose of solving it, then you can solve anything. The solution you will come up with will help society and impact on the lives of many people. And you can take it forward in the form of a Startup. Earlier Hackathons were held only in companies which promoted the culture of job roles, but such competitions are being held in educational institutions which is great. Chandigarh University is promoting Startup culture among students with such Hackathons which is a great initiative.” It is important to make a roadmap for building a startup and career: Piyush Sharma, Facilitator Google Cloud & founder of YouTube channel @trickyman Piyush Sharma, Google Cloud Facilitator & founder of YouTube channel @trickyman, said, “Chandigarh University 24-hour hackathon is a great initiative, where students got a chance to launch their startup in 24 hours. I think this initiative will inspire other universities. In today's time it is difficult to get a job just by having a degree, so it is important to participate in Hackathons, internships and project.” “Startup culture is very important because with this student can become job givers from job takers. It is important to make a roadmap for building a startup and career. Student life is the best time to work on a Startup Idea because this is the right time to strengthen one's future. Chandigarh University's Campus Tank platform is an important step in this direction,” he added.

      Chandigarh University not just Fund Start-ups but Transforms them into successful ventures through expert mentorship: Vikash Kumar Yadav, Campus Expert Github Vikash Kumar Yadav, Campus Expert Github said, “Funding alone cannot guarantee success of any start-up, for it to become a high-growth venture, we need mentorship by industry experts. Unlike the start events organized at many other institutions, what sets apart Chandigarh University is that it not only provides the required funding for start-ups but also ensure mentorship by industry experts to transform brilliant ideas into successful entrepreneurial ventures. It is platforms like Zero to One that will shape the future of budding entrepreneurs and further boost the start-up ecosystem of our nation.” 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: www.cuchd.in.

      (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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