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    AssetPlus Launches Portfolio Management Services to Help MFD Partners Grow and Retain High-Net-Worth Clients
    APEDA Facilitates Flag-Off of 18 MT of NPOP-Certified Ethnic Rice from Tripura for Export to Austria and the Netherlands
    VR LIVIN’s ‘THE FIRST’ Records Sale of 20 Villas Within Two Days of Launch
    IAAPI Calls for GST Rationalisation to Support Growth and Consumer Demand in India’s Amusement Industry
    ED raids multiple locations in Keralam in hybrid ganja smuggling money laundering case
    Rupee jumps 47 paise to 94.26 against US dollar in early trade
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    Commerce & Industry Minister Shri Piyush Goyal Calls Upon Auto Component Industry To Go Global
    18th Meeting of Heads of IP Offices of BRICS Countries Held in New Delhi
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    Secretary, DFS Chairs Review Meeting on Financial and Business Performance of Public Sector General Insurance Companies (PSGICs)
    GIFT IFSC emerges as a strong and vibrant international banking hub, mobilises over $52.8 billion under RBI’s FCNR(B) Swap Facility, $11.62 bn in EC...
    Ex-CII executive Shuchita Sonalika appointed COO of Canada-India Business Council
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    Banks mobilise USD 127.23 billion in deposits from Indian diaspora: RBI
    CBI Arrests CGST Additional Commissioner and Two others in Rs. 40 Lakh Bribery Case in Raigad, Maharashtra
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September 3, 2026
Show AI Summary
Portfolio management services distribution enables certified mutual fund distributors to digitally onboard and report for eligible high-net-worth clients through AssetPlus.
AssetPlus has launched Portfolio Management Services for certified Mutual Fund Distributor partners to digitally onboard, track, manage and report PMS investments for eligible high-net-worth clients. PMS distribution requires NISM Series-XXI-A certification and operates within the APRN distributor-registration framework. PMS comprises individually managed portfolios run by SEBI-registered Portfolio Managers and held in clients' demat accounts. The minimum investment is Rs. 50 lakh, and offerings are governed by the SEBI (Portfolio Managers) Regulations, 2020. The platform provides daily reconciliation of holdings, performance and valuations.
September 3, 2026
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NPOP-certified ethnic rice exports strengthen organic producer access to international markets through certification, traceability, and organised export production.
NPOP-certified ethnic rice exports from Tripura to Austria and the Netherlands connect local farmers and Farmer Producer Companies with international markets through organised, export-oriented production. The initiative emphasises certification, traceability, food safety and quality as requirements for access to markets for certified organic products. Buyer-seller linkages support export opportunities, while coordinated organic value-chain engagement strengthens certification and quality systems and supports producers in meeting international standards.
September 3, 2026
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Gated residential community launch combines smart-home villas, extensive lifestyle amenities and planned expansion into future residential developments.
VR LIVIN Ventures LLP launched 'THE FIRST', an 83-villa gated residential community in Madhavaram, North Chennai, which recorded sales of 20 villas during its first two launch days. The development includes smart-home villas and more than 50 lifestyle amenities, with access to nearby metro connectivity and social infrastructure. It forms part of the company's intended expansion of residential projects in Chennai and other South Indian locations.
September 3, 2026
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GST rationalisation for amusement park admissions could lower ticket prices, stimulate consumer demand, and support investment without input tax credit.
GST rationalisation for amusement park, water park and indoor entertainment admission tickets is sought through a flat 5% GST rate without Input Tax Credit. The proposed rate is intended to reduce ticket prices, improve affordability and increase customer demand in a capital-intensive tourism and entertainment sector. Many smaller and mid-sized operators report limited ability to offset GST liability through ITC. Lower taxation is projected to support facility expansion, revenue growth, new investment, employment and reinvestment in recreational services.
September 3, 2026
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Money laundering linked to hybrid ganja smuggling involves alleged illicit cross-border transfers and foreign-exchange violations.
Enforcement Directorate searches form part of a money-laundering investigation into alleged hybrid ganja smuggling from Thailand. A case under the Prevention of Money Laundering Act concerns suspected laundering of drug-trafficking proceeds and transfer of funds to Thailand through illegal channels. The inquiry also examines possible foreign-exchange violations and an alleged arrangement involving carriers, visas and funds for transporting narcotic substances.
September 3, 2026
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Foreign-currency deposit mobilisation supports currency appreciation while creating surplus-liquidity sterilisation pressures through deposit swaps in domestic banking markets.
Foreign-currency deposit mobilisation strengthened foreign-exchange liquidity and supported rupee appreciation. FCNR(B) deposits, together with overseas foreign-currency borrowings and external commercial borrowings, increased aggregate foreign-currency resources. Bank swaps of such deposits with the central bank may create surplus banking-system liquidity and a sterilisation challenge, while oil prices, global yields, dollar movements and foreign equity inflows remain relevant currency-market factors.
September 3, 2026
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Money laundering investigation examines alleged diversion of bank loans from a power project to group entities and personal use.
Money laundering investigation under the Prevention of Money Laundering Act concerns alleged diversion of bank loans obtained by Kohinoor Power for a power plant in Jharkhand. The loan proceeds were allegedly transferred to other group entities and used personally. Searches were conducted at eleven premises associated with the group's promoters, directors and auditors. The company entered liquidation proceedings before the National Company Law Tribunal, with limited recovery for creditors.
September 3, 2026
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Globalisation of auto component manufacturing is linked to trade access, resilient supply chains, technology adoption, safety, and vehicle scrappage.
The auto component industry is encouraged to expand globally through reciprocal market access, overseas manufacturing, international investment and trade partnerships. Supply-chain resilience is to be strengthened through indigenisation of vulnerable products, access to critical minerals, and domestic capacity in auto components, speciality steel, technical textiles and semiconductors. Priority is also given to high-value integrated solutions, artificial intelligence-enabled quality control, vehicle safety and industrial parks offering manufacturing infrastructure. Vehicle scrappage requires coordinated government incentives and fair industry valuation to support replacement demand for new-age vehicles.
September 3, 2026
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Updated IP cooperation guidelines strengthen cross-border innovation, patent examination coordination, traditional knowledge protection, and geographical indication commercialisation.
IP BRICS Heads adopted Updated Operational Guidelines to direct result-oriented intellectual property cooperation, promote cross-border innovation, and reinforce joint engagement in global IP standards. Priority areas include protection of traditional knowledge and traditional systems of medicine, reinforced patent examination cooperation, exchange of search results, patent analytics, and geographical indication protection and commercialisation. Coordination mechanisms and periodic progress reviews are emphasised for effective implementation and continuity of cooperation.
September 3, 2026
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Sovereign credit rating upgrade reflects resilient growth, improved fiscal expenditure quality, stronger financial systems, and a robust external position.
India's long-term foreign-currency and local-currency issuer ratings were upgraded from 'BBB+' to 'A-', with a Stable Outlook, reflecting resilient economic growth, improved fiscal expenditure quality, strengthened financial-sector soundness, and a robust external position. Fiscal improvement is linked to greater capital expenditure and lower fiscal deficit. Financial resilience is supported by improved banking and non-banking sector asset quality and capital adequacy. External strength arises from a contained current account deficit, services surplus, and foreign-exchange reserves exceeding short-term external debt.
September 3, 2026
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Public sector general insurance performance requires profitable underwriting, lower claim ratios, digitalisation, standardised monitoring, and quality grievance redressal.
Public Sector General Insurance Companies were advised to focus on profitable business lines, reduce the Incurred Claim Ratio, and accelerate technology use and digitalisation while optimising related expenditure. They are to improve insurance penetration, density, outreach and customer awareness, particularly in underserved segments, while reducing protection gaps. A robust, standardised KPI framework should enable comparable financial and non-financial performance assessment and be reviewed quarterly. Customer grievances require expeditious and quality redressal.
September 3, 2026
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Cross-border financing through GIFT-IFSC expands foreign currency mobilisation, external commercial borrowing disbursements, and international bond market access.
GIFT-IFSC's IBUs mobilised foreign-currency liquidity under the RBI's FCNR(B) deposit swap facility, with 20 IBUs sanctioning USD 54.02 billion and disbursing approximately USD 52.82 billion as at 31 August 2026. Between April and August 2026, IBUs disbursed USD 11.62 billion in External Commercial Borrowings, while Indian banks raised USD 11.12 billion through bond listings on IFSC exchanges. These activities support cross-border financing, international capital-market access and foreign-exchange inflows.
September 3, 2026
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Bilateral business council leadership appointment strengthens operational capacity to advance Canada-India economic and investment partnerships.
Operational leadership for bilateral economic engagement is strengthened through the appointment of Shuchita Sonalika as the first Chief Operating Officer of the Canada-India Business Council. The appointment is directed toward enhancing the council's capacity to support expanding investment and economic relations between Canada and India, in coordination with its board, members and partners. Sonalika brings international affairs experience in advancing India's economic partnerships across global markets.
September 3, 2026
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Regulatory certainty and compliance reforms support investment facilitation, infrastructure development, MSME credit access, and reduction of bank non-performing assets.
Regulatory certainty, ease of compliance and investment facilitation are identified as central elements of India's economic reform orientation. The Insolvency and Bankruptcy Code is included among reforms supporting regulatory certainty, reduced paperwork and easier compliance. Policy priorities include infrastructure development, artificial intelligence and data centres, credit access for MSMEs, reduction of banks' non-performing assets, fiscal discipline, and investment facilitation by central and state governments.
September 2, 2026
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Sovereign credit rating upgrade reflects resilient economic growth, fiscal quality, financial-system soundness, and external-sector resilience.
Japan Credit Rating Agency upgraded India's foreign-currency and local-currency long-term issuer ratings to A-, citing solid economic growth, strengthened growth-oriented policies and improved financial-system soundness. Improved banking asset quality, insolvency mechanisms, government capital infusion and stronger central-bank supervision support financial resilience. Fiscal quality has improved through greater infrastructure-focused capital expenditure and restraint in current spending, while a contained current-account deficit, services surplus and substantial foreign-exchange reserves support resilience to external shocks.
September 2, 2026
Show AI Summary
Currency-market intervention and foreign capital inflows supported rupee resilience amid higher crude prices and dollar strength.
Foreign capital inflows and modest foreign institutional equity purchases supported rupee appreciation against the US dollar despite weak domestic equities, elevated crude oil prices and a stronger dollar. RBI monitoring and apparent currency-market intervention supported the rupee amid risk aversion, higher US Treasury yields and concerns over crude supply disruptions. Forthcoming US employment data remained relevant to dollar and rupee direction.
September 2, 2026
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Foreign-currency non-resident deposits bolster external liquidity through hedging support and lending flexibility during global market uncertainty.
Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits are fixed-term foreign-currency deposits for non-resident Indians, with principal and interest repayable in the deposit currency and without direct rupee exchange-rate risk. A special central-bank programme mobilised substantial FCNR(B) deposits, alongside overseas foreign-currency borrowings and external commercial borrowings, to strengthen foreign-exchange liquidity. Banks received hedging-cost support and permission to lend against the deposits. The facility was closed earlier than scheduled after its mobilisation objective was met.
September 2, 2026
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Foreign currency swap facility accelerated FCNR(B) deposit window closure after substantial diaspora inflows, while borrowing windows remain open.
Special USD-INR foreign-exchange swap facility for FCNR(B) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings was introduced to strengthen the external sector and support foreign-exchange liquidity. FCNR(B) deposits, under which principal and interest are repayable in the same foreign currency, generated the principal share of inflows. Strong diaspora participation led to advancement of the FCNR(B) window closure. The swap facility for Overseas Foreign Currency Borrowings and External Commercial Borrowings remains open until December 31, 2026.
September 2, 2026
Show AI Summary
GST bribery allegations led to a trap operation against officials and an intermediary in a quarrying matter.
Criminal investigation concerns alleged solicitation and acceptance of an undue advantage by CGST officials in connection with settling a GST/royalty matter involving a stone-quarrying firm. The officials allegedly arranged for a private person to collect the payment. A trap operation resulted in the private person being caught while accepting the alleged undue advantage. Searches at the accused persons' premises led to recovery of cash and jewellery, while further investigation continues.
September 2, 2026
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State GST collection growth outpaced national expansion during the first five months, alongside increased VAT and CST receipts.
Haryana's SGST collections increased by 29 per cent during April-August of financial year 2026-27, exceeding the national growth rate of 16 per cent. August 2026 post-settlement SGST revenue rose by 21 per cent, compared with national average growth of 13 per cent. Haryana accounted for less than 4 per cent of national GST taxpayers but contributed approximately 7.7 per cent of aggregate national SGST, CGST and IGST collections. VAT/CST collections rose by 13.8 per cent during the same period.

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Inspiring Generations: The Legacy of 10 Trailblazers Unveiled by Kiteskraft Productions LLP

September 12, 2025

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CHANDIGARH, India, Sept. 12, 2025 /PRNewswire/ -- Kiteskraft Productions LLP honors ten extraordinary educators whose vision and dedication continue to inspire generations. These trailblazers move beyond traditional teaching, nurturing creativity, critical thinking, and social responsibility. Through their transformative work in academics and community engagement, they shape knowledge, character, and leadership. Their impact creates lasting legacies, making them true architects of progress and guiding lights for the future. Talented Ritu Insan: Mrs. Ritu Rani, widely known as Talented Ritu Insan, stands as a symbol of empowerment, resilience, and visionary leadership. With more than a decade of dedicated service, she has transformed lives by merging education with social entrepreneurship. Through her wide-ranging skill development programs—spanning tailoring, vocational training, and entrepreneurial guidance—she equips women and marginalized groups with the tools for self-reliance and confidence. Her inclusive approach fosters leadership, nurtures talent, and bridges the crucial gap between learning and livelihood. A strong advocate for gender equality and education reform, she has consistently driven impactful change while earning national recognition. Today, her mission continues to inspire and uplift future generations, creating pathways of opportunity and progress for countless individuals. Debjani Astro: A Life Shaped by Resilience and Service, Bakshiddha Debjani's life is a powerful story of resilience, independence, and service. Raised in a modest household, she turned challenges into opportunities, nurturing both empathy and determination. Fascinated by astrology and palmistry from an early age, she self-taught through books and by 1989, at just 20, began her professional journey. Over the past 35 years, she has become renowned for her accuracy, compassion, and integrity—offering guidance that blends tradition with emotional support. For her, astrology is not just prediction but a tool for confidence and self-awareness. Her journey proves that perseverance and compassion can overcome adversity, inspiring countless lives and reaffirming her belief in service as a life purpose. Dr. Manjunath Bhandary: Dr. Manjunath Bhandary, a distinguished technocrat, social thinker, and institution builder, has redefined higher education in India. With a rare academic blend—Engineering and advanced degrees in Political Science—he combines technical expertise with social insight. Founder of the Bhandary Foundation and Sahyadri College of Engineering & Management, he champions innovation-driven, inclusive, and socially conscious education. His Ph.D. on women's participation in Panchayat Raj reflects his commitment to grassroots empowerment. Globally recognized as an Eisenhower Fellow, Dr. Bhandary has represented India across many countries, while locally uplifting rural communities through transformative initiatives. Under his leadership, Sahyadri has emerged among India's most innovative institutions, nurturing start-ups, fostering employability, and inspiring students to 'walk in with an idea, walk out with a product.' Mrs. Bharti Madhok : Mrs. Bharti Madhok, Vice Chairperson of the Sunbeam Group of Educational Institutions, has dedicated over 45 years to redefining education in Varanasi and beyond. Believing that 'a happy child learns best,' she shaped Sunbeam into a network of schools, colleges, and hostels, impacting more than 35,000 students across 16 districts of Eastern Uttar Pradesh. Her initiatives include the Sunbeam Autism Centre for inclusive education, Karsana Gramin School for rural children, and programs fostering sports, arts, leadership, and entrepreneurship. A strong advocate of women empowerment, she has created thousands of opportunities for women in education and leadership. Nationally recognized with multiple awards, she continues to inspire with her vision of joyful, holistic, and transformative learning. Ms. Marmi Nilay Shukla: Empowered by Art, Elevated by Achievement: The Inspirational Journey of Marmi Nilaybhai Shukla exemplifies how passion for art and dedication to academics can shape a purposeful and impactful life. A postgraduate in English from Krantiguru Shyamji Krishna Verma Kachchh University and graduate of R. R. Lalan College, she has carved a unique identity in Gujarat's cultural landscape. From childhood, her innate creativity shone through classical dance, vocal music, and theatre, earning her numerous accolades at district, state, and national levels. Recognized with prestigious honors—including the Rashtriya Nari Shakti Puraskar—her journey blends artistic brilliance with academic discipline. Through perseverance and talent, she continues to inspire future generations, embodying the transformative power of education, cultural pride, and self-expression. Anyone Can Dance: Inspiring India to Move Without Fear Anyone Can Dance (ACD) is a groundbreaking initiative founded by Sandhya Venigalla during the COVID-19 lockdown. Initially hesitant to dance, she gained confidence through her husband's patient guidance, realizing that countless others shared the same fear. This inspired the creation of ACD—an inclusive platform proving that dance is for everyone, regardless of age or experience. Launched with a 5-day online program, the movement emphasizes fitness, confidence, and joy through live, interactive sessions. In just four years, ACD has empowered over 100,000 people worldwide and earned the Most Innovative Online Dance Platform Award. By focusing on fun, connection, and self-expression, ACD transforms hesitation into confidence, reminding us that truly anyone can dance. Rev. Dr. Vivian Wilson Lobo : Rev. Dr. Vivian Wilson Lobo, Principal of St. Francis De Sales School of Excellence, Nagpur, stands as one of Central India's foremost educationists and visionary leaders. A priest-scholar with a PhD in English, Licentiate in Biblical Theology, MBA, and multiple Master's degrees, he blends academic brilliance with spiritual depth. Under his dynamic leadership, SFS has risen as a premier CISCE institution, ranked among India's Top Five Schools for teacher training and inaugurated as a CISCE Zonal Training Hub. Partnering with IIT Madras and the British Council, the school nurtures global excellence. From robotics world victories to mental maths, sports, and music, Fr. Lobo has fostered holistic development rooted in values, service, and faith, earning national and international acclaim. Mr. John Kiran E: Redefining Digital Innovation with Iconic Dream Focus, John Kiran, Founder and CEO of Iconic Dream Focus, is a visionary entrepreneur shaping the future of digital technology. A Loyola-ICAM engineering graduate, he began his career at HSBC before pursuing his passion for innovation through entrepreneurship. In 2020, he launched Iconic Dream Focus, creating impactful platforms such as Paarambariyam, Drmurs, and Hy U, which seamlessly merge technology with meaningful human experiences. Under his leadership, the company has expanded into AI and data analytics, driving forward-thinking solutions for a global audience. With a mission rooted in purpose and innovation, John Kiran is positioning Iconic Dream Focus as a transformative force in the evolving digital landscape. Ms. Preity Gupta: Preity Gupta, an internationally award-winning Enterprise Security Architect and Advisor (GRC), founded SecureBiz to address a critical gap in India's entrepreneurial landscape. During the COVID-19 digital acceleration, she observed small and mid-sized businesses rushing to the cloud but stumbling over security lapses, leaving them vulnerable and fearful. With years of experience safeguarding multi-cloud systems for global corporations, she envisioned a movement—not just a consultancy—that could democratize cybersecurity. SecureBiz redefines security as a growth enabler through awareness challenges, storytelling, and her bestselling book, Cost Savvy Secure Cloud. Its flagship 'Secure in 2 Days' masterclass empowers even non-tech founders with practical roadmaps, making security accessible, empathetic, and confidence-building. Today, SecureBiz is a vibrant ecosystem helping businesses grow fearlessly. Trinath Sain: A Remarkable Journey from Village Roots to International Recognition, Trinath Sain, a proud son of Bara Palashan village in Purba Bardhaman, has risen beyond boundaries to earn international acclaim in literature and culture. Growing up in a humble rural setting, his talent, dedication, and deep love for art and writing shaped his extraordinary journey. Inspired by the legendary Mahasweta Devi, he penned his first novel, which received wide praise in India and abroad, earning him recognition on February 13, 2014. A memorable milestone in his life was meeting West Bengal Chief Minister, Mamata Banerjee, whose blessings he considers his greatest achievement. Blending literature and dance, he presents powerful social messages globally, proving that creativity rooted in village soil can achieve global impact. About Kiteskraft Productions LLP: Kiteskraft Productions LLP, established in 2019, is a premier organizer of National and International Conferences and Award ceremonies across sectors like Education, Business, Healthcare, NGOs, and Entertainment. With a mission to recognize excellence, Kiteskraft honors individuals who drive innovation and outcome-based learning. Certified by ISO and MSME, and registered under MCA, it upholds high standards of quality. Recognized by the Scholar's Book of World Records, Kiteskraft fosters industry collaboration through impactful events. With a dedicated team and a vision for excellence, Kiteskraft Productions LLP continues to inspire, empower, and shape a brighter future. Visit www.kiteskraft.com for more. Photo: https://mma.prnewswire.com/media/2771701/KITESKRAFT_Trailblazers.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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