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    Gold declines for 3rd day, prices tumble Rs 3,300 as US dollar gains strength
    Rs 53 lakh cr transferred to govt beneficiaries through DBT, mostly to Jan Dhan accounts in 12 years
    Forex kitty jumps USD 12.42 bn to all-time high of USD 729.3 bn
    Jio Platforms gets Sebi nod to launch IPO
    PM Jan Dhan Yojana has had unparalleled impact, transformative outcomes: PM Modi
    Bajaj Finance Personal Loan Offers Flexible Repayment Options with Loan Utsav 2026 Benefits
    ED arrests 3 more people in pan-India digital arrest case
    Rupee rises 6 paise to settle at 95.39 against US dollar
    Senior citizen threatened with terror funding case probe, duped of Rs 7.2 crore
    Rupee declines 10 paise to 95.55 against US dollar in early trade
    UK’s PG Paper welcomes SEBI review of fraud allegations against Indian firm
    'Neta-Company Loot Tribunal': Cong on NCLT haircut approval for Subhash Chandra
    S&P affirms India's 'BBB' sovereign rating; cites dynamic economy, policy stability
    Sugar prices ease marginally to Rs 64.33 per kg on Thursday
    ED freezes assets worth Rs 33 crore after raids against Gurugram realty group
    CARD91 Launches SpendFlow, a Commercial Card Platform Built for Enterprise Requirements
    Will talk to Japan on increasing basmati rice exports from India: Goyal
    Will consider Air India's biz strategy, other factors before deciding on additional fund requests: Singapore Airlines
    Commerce and Industry Minister Shri Piyush Goyal Concludes Japan Visit; Calls for Greater Japanese Investment and Stronger Industrial Partnerships wit...
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August 28, 2026
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Gold price volatility intensified as dollar strength, profit-booking, and customs-duty-cut reports pressured domestic bullion markets.
Domestic bullion prices declined for a third consecutive session as a stronger US dollar and sustained profit-booking after a recent rally weakened gold and silver. Gold fell sharply in the national capital and silver also declined in domestic trading, with the three-day movement reflecting ongoing price volatility in the bullion market. International spot gold remained marginally lower while investors awaited policy-related remarks concerning inflation and elevated yields.
August 28, 2026
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Direct benefit transfer strengthens welfare delivery through Jan Dhan accounts, digital payments, reduced intermediaries, and expanded financial inclusion.
Direct Benefit Transfer has transferred welfare benefits directly to beneficiaries, largely through Jan Dhan accounts, reducing intermediaries and supporting transparent delivery. The Pradhan Mantri Jan Dhan Yojana provides unbanked adults basic accounts without minimum-balance or maintenance-charge requirements, along with RuPay debit cards, accident insurance coverage, and emergency overdraft access. Banking outlets, digital-payment infrastructure, and Bank Mitras extend formal financial services to women, rural and semi-urban communities, strengthening financial inclusion and participation in the formal economy.
August 28, 2026
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Foreign exchange reserves reached a record level, supported by increases in foreign currency assets and gold holdings.
India's foreign exchange reserves increased by USD 12.422 billion to an all-time high of USD 729.328 billion for the week ended 21 August. Foreign currency assets and gold reserves recorded the principal increases, while special drawing rights and the reserve position with the IMF also rose. Foreign currency asset valuation reflects movements in non-US currencies held in the reserves. FCNR(B) and concessional swap arrangements were introduced to attract additional foreign-exchange inflows.
August 28, 2026
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IPO regulatory approval enables Jio Platforms to advance preparations for its proposed fresh equity share public offering.
Jio Platforms Ltd. has obtained Sebi's final observations for its proposed initial public offering. This key regulatory stage enables further preparations for the public issue, subject to applicable regulatory requirements. The proposed offering comprises up to 27 crore fresh equity shares and is expected to account for approximately 2.9 per cent of the company's post-issue equity base.
August 28, 2026
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Financial inclusion through basic bank accounts expands banking access with no-balance accounts, debit cards, and emergency overdraft support.
Pradhan Mantri Jan Dhan Yojana enables unbanked adults to open basic bank accounts without minimum-balance or maintenance-charge requirements. Accounts include a free RuPay debit card with accident insurance coverage and eligibility for an overdraft facility during emergencies. The scheme promotes digital transactions, financial security and participation in the formal economy, while extending banking access to rural and semi-urban communities and increasing women's financial inclusion.
August 28, 2026
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Flexible personal loan repayment enables eligible borrowers to select longer tenures, subject to eligibility, terms, verification, and repayment capacity.
Bajaj Finance personal loans offer eligible customers collateral-free borrowing with flexible repayment tenures of 12 to 108 months, subject to eligibility, applicable terms, verification and documentation. A longer tenure may reduce monthly EMIs by spreading repayment over more months, but can increase total interest payable. Borrowers should compare the interest rate, tenure, EMI, processing charges and other costs, while considering their income, existing commitments and repayment capacity. Loan Utsav 2026 provides limited-period rewards for eligible customers whose loans are successfully disbursed during the campaign period, subject to applicable terms.
August 28, 2026
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Digital arrest money laundering investigation tracks cyber-fraud proceeds through layered bank accounts, cash withdrawals, and foreign-exchange conversion.
Arrests under the Prevention of Money Laundering Act form part of an investigation into alleged digital arrest cyber fraud and laundering of fraud proceeds. Funds were reportedly routed through numerous bank accounts, withdrawn in cash, and converted into foreign currency through licensed money changers. The financial trail is linked to commodity trading, travel and foreign-exchange entities allegedly connected with cyber-fraud complaints and first information reports. The inquiry also identified alleged shell or dummy companies using proxy directors to conceal control and facilitate fund movement.
August 28, 2026
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Foreign exchange intervention and lower crude prices supported rupee appreciation despite a stronger dollar and foreign institutional investor outflows.
Foreign exchange market conditions supported a six-paise appreciation of the rupee against the US dollar at the close of trading. Lower global crude oil prices and Reserve Bank of India intervention to limit significant rupee depreciation contributed to the movement. A marginal strengthening of the US dollar and foreign institutional investor equity outflows continued to exert pressure, while FCNR(B) scheme inflows supported the currency.
August 28, 2026
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Cyber fraud impersonating enforcement officials coerced a senior citizen into bank and cryptocurrency transfers through terror-funding threats.
Cyber fraudsters allegedly impersonated public officials and threatened a senior citizen with implication in money laundering, terror funding and cybercrime. Using WhatsApp video calls and purported official notices, they allegedly induced the victim to transfer funds to multiple bank accounts and a cryptocurrency wallet on the pretext of proving innocence. The victim reportedly liquidated fixed deposits and mutual fund investments before identifying the deception and reporting it through the cybercrime helpline. A cyber police case was registered for further investigation.
August 28, 2026
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Rupee depreciation against US dollar reflects foreign investor outflows and crude supply disruptions, moderated by weaker dollar and oil prices.
Foreign institutional investor outflows and disruptions in global crude oil supplies placed downward pressure on the rupee against the US dollar. A weaker dollar index and lower Brent crude prices moderated the decline. Market commentary anticipated a narrow trading range, with expected Reserve Bank of India protection at the upper end and oil importer, month-end, and importer demand supporting the lower end. Participants also monitored the US Federal Reserve Chair's Jackson Hole speech.
August 27, 2026
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Emergency flood response measures coordinate rescues, suspend cross-border transport, and address risks to public safety.
Severe flash floods in Nepal and along the Nepal-Tibet border prompted cross-border rescue coordination for missing and stranded persons, warnings of continued downstream flood risk, and international relief support. Preventive public-safety measures included temporary suspension of an Indo-Nepal bus service. Separate developments included disruption of public services during an employee strike, investigation of an aircraft crash, market measures affecting sugar and onion prices, and proposed trade engagement for greater market access for basmati rice and processed food exports.
August 27, 2026
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Regulatory review of fraud allegations requires timely consideration of representations while merits and standing remain undecided.
SEBI must consider and decide, within two weeks, representations alleging fraud by an Indian logistics company and its subsidiary. The allegations concern systematic over-invoicing of freight charges and forged documentation, with a parallel criminal investigation based on an FIR registered by the Delhi Police Economic Offences Wing. No determination has been made on the merits of the allegations or the complainant's standing to approach SEBI. The allegations and criminal proceedings were disclosed in IPO offer documents.
August 27, 2026
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Personal insolvency repayment plans test creditor voting thresholds, valuation safeguards, and limits on commercial review under insolvency law.
Personal insolvency resolution under the Insolvency and Bankruptcy Code involved approval of a repayment plan providing for payment of Rs 6.25 crore to creditors and Rs 25 lakh towards process costs against admitted creditor claims of about Rs 22,006.57 crore. Objections by dissenting creditors were rejected because they held less than 20 per cent of voting share, while the plan received 80.81 per cent support. Valuation indicated that the personal estate was worth less than the amount offered, and the tribunal declined to replace creditor commercial wisdom or assess settlement adequacy.
August 27, 2026
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Sovereign credit rating stability reflects policy continuity, infrastructure investment, external strength, and fiscal consolidation pressures.
India's sovereign credit rating retained a BBB stable outlook, supported by strong growth, an external balance sheet, stable institutions, policy predictability, and infrastructure investment. Public investment and consumer demand are expected to sustain growth and assist fiscal consolidation. Constraints include weak fiscal performance, elevated government debt and interest burdens, and low per-capita income. Long-term rating support depends on financing infrastructure investment without materially widening the current-account deficit and on reducing the fiscal deficit through stable fiscal and monetary policies.
August 27, 2026
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Sugar import liberalisation and stockholding limits seek to moderate retail prices amid constrained domestic supply and restricted exports.
Sugar price-control measures combine duty-free raw sugar imports, stockholding limits for dealers and bulk consumers, and an export prohibition to address elevated retail prices and curb hoarding. Domestic supply remains constrained by reduced sugarcane output, prior exports and diversion of sugar to ethanol. Net production is estimated below projected domestic demand, while closing stocks are expected to remain limited. Import access, inventory restrictions and export controls therefore operate as market-stabilisation mechanisms.
August 27, 2026
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Money-laundering investigation into alleged homebuyer fraud led to searches and freezing of assets linked to realty promoters.
Money-laundering proceedings were initiated under the Prevention of Money Laundering Act on the basis of police FIRs alleging fraudulent inducement and non-delivery of residential plots. Searches at premises linked to real estate promoters resulted in the seizure or freezing of luxury vehicles, jewellery, bank accounts and securities. The investigation alleges that substantial upfront payments for residential plots were received, but a significant portion of promised plots remained undelivered, and certain plots were allegedly sold to third parties without consent.
August 27, 2026
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Commercial card governance enables configurable credit, approvals, virtual cards and controlled supplier payments across enterprise payment workflows.
SpendFlow combines commercial card program configuration, credit management, virtual cards, spend controls, approvals, supplier payments, billing and accounting in one architecture. It supports centrally governed rules with approved corporate-level variations, enterprise hierarchy management, and virtual cards linked to entities, employees, accounts or credit facilities. Multi-tier approvals and virtual-card supplier payments support controlled business payment functions, while core banking and ERP connectivity links card activity with banking and enterprise financial workflows.
August 27, 2026
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Basmati rice market access may be pursued through trade agreement review, subject to import limits and safety standards.
Market access for Indian basmati rice may be pursued through review of the Comprehensive Economic Partnership Agreement, as rice remains a sensitive sector subject to import quantity limits and duties beyond permitted quantities. Processed food exports offer further opportunities where exporters comply with Japanese quality and safety standards. Bilateral cooperation also covers investment, supply chains, technology partnerships and capital flows supporting infrastructure, manufacturing and semiconductor ecosystems.
August 27, 2026
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Capital allocation discipline governs consideration of further Air India funding alongside business strategy, cash flow and investment requirements.
Further capital investment in Air India will be evaluated by Singapore Airlines' board through a disciplined capital-allocation process. Assessment will consider the group's capital requirements, Air India's business strategy, operating cash flow, investment needs for aircraft and products, and multi-hub investments intended to support long-term growth and returns. As a significant minority shareholder, Singapore Airlines supports Air India's transformation programme with Tata Sons, but no commitment to provide additional capital is indicated.
August 27, 2026
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Semiconductor investment cooperation anchors expanded India-Japan industrial partnerships across technology, manufacturing, clean energy, infrastructure, and financial services.
Semiconductor and artificial-intelligence cooperation centres on a six-pillar semiconductor strategy encompassing chip design, semiconductor machinery and materials, fabrication, ATMP/OSAT, research and development, and talent development. Japanese participation is sought across semiconductor materials and equipment, power semiconductors, electronics, AI, logistics and related advanced technologies. Development of semiconductor clusters is linked to reliable power, ultra-pure water, skilled manpower and social infrastructure.

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10 Icons Who Inspire Change: A Celebration of Vision, Commitment & Legacy

October 3, 2025

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Unveiled by Kiteskraft Productions LLP CHANDIGARH, India, Oct. 3, 2025 /PRNewswire/ -- Kiteskraft Productions LLP proudly honors ten exceptional people whose vision, dedication, and innovation are transforming India's educational landscape. More than teachers, they are mentors and changemakers—nurturing creativity, critical thinking, and social responsibility among students. Through their tireless efforts in academics, leadership, and community impact, these icons inspire generations to dream big and achieve more. This recognition celebrates their enduring legacy as true architects of progress and guiding lights for the nation's future. Avinash Shende and Sachin Pande: Pioneering Digital Finance with VGIL Avinash Shende and Sachin Pande, visionary leaders of Virtual Galaxy Infotech Limited (VGIL), have redefined fintech with cutting-edge AI-powered solutions in core banking, digital payments, ERP, and e-Governance. Founded in 1997, VGIL has steadily expanded across India and Africa, empowering financial institutions through innovation, efficiency, and inclusion. Its flagship products, E-Banker and V-Pay, have earned industry acclaim for transforming digital banking and payment ecosystems. As VGIL transitions into a public limited company, its leadership continues to champion emerging technologies, data-driven solutions, and customer-centric services. With nearly three decades of expertise and global presence, VGIL remains at the forefront of digital transformation, shaping the future of finance through innovation, scalability, and trust. Bhishma Madhani: Bhishma Madhani is a visionary fitness entrepreneur and internationally trained strength and conditioning coach whose mission blends elite sport with nation-building. With a B.Sc. in Sports and Exercise Science from London and now pursuing an M.Sc. in Sports Directorship, he combines scientific expertise with strategic leadership. His career includes coaching roles at Lord's Cricket Ground and Watford FC's U-19 team in England, shaping his world-class approach. Choosing service over comfort, he returned to India to raise its sporting culture. Today, he leads his premium brand Body Architect – BM and manages MV FITNESS – India's best premium gym, setting new standards in fitness and lifestyle. As an Ambassador of the Fit India Movement, he promotes accessible fitness, mentors athletes, supports the armed forces, uplifts underprivileged children, and champions animal welfare — embodying service-driven excellence and redefining what it means to be a modern fitness leader. Ranjeet Singh Nirvana: Ranjeet Singh Nirvana is a veteran hospitality leader with over 32 years of experience shaping premier hotels and resorts across India and abroad. Currently the General Manager at Rawla Sagrun, Kumbhalgarh, he has elevated the property into a top destination for luxury weddings and exceptional guest experiences. A graduate in Hotel and Tourism Management with a Master Diploma in Software Technology, he excels in pre-opening operations, project management, and staff training. His career spans leadership roles at Aranya Vilas Resort, Hotel Udai Kothi, and Sunway Hotel in China, where he introduced authentic Indian hospitality and cuisine. Known for hands-on leadership, financial acumen, and guest-centric innovation, he continues to set new standards of service, efficiency, and cross-cultural excellence in Indian hospitality. Sajin and SARA CONSTRUCTION & ENTERPRISES: At just 25, Er. Sajin stands as a dynamic young entrepreneur with an Innovative Businessman award and Emerging Entrepreneur of the Year 2025 award in India, he has turned challenges into opportunities through discipline, creativity, and determination. A civil engineer by profession, he embarked on his entrepreneurial journey in 2020. With guidance from his father and valuable corporate training at a leading real estate company, he sharpened both his technical skills and business acumen. This foundation gave rise to SARA CONSTRUCTION & ENTERPRISES, a name now synonymous with quality and timely delivery. In just a few years, the company has achieved an impressive annual turnover of ₹10 crores, establishing Sajin as an inspiring role model for aspiring engineers and entrepreneurs. Dr. C. Sujitha Deva Vishnu: Dr. C. Sujitha Deva Vishnu is a pioneering entrepreneur who blends academic brilliance with social responsibility. Holding dual master's degrees in power electronics and business management, she began as a professor and renewable energy researcher before shifting to organic farming after her marriage in 2017. Turning passion into enterprise, she built a thriving, eco-friendly business while promoting sustainability and innovation. During the pandemic, she led impactful food aid initiatives, reflecting her deep commitment to community welfare. Her exceptional contributions have earned her several national and international accolades and an honorary doctorate in Women Entrepreneurship from Universal Tamil University. Through resilience, integrity, and vision, Dr. Sujitha inspires women to pursue success with purpose, proving that passion and perseverance can transform challenges into achievements. Dr. Shahnawaz Alam: Dr. Shahnawaz Alam, a distinguished union leader and scholar from Jamshedpur, Jharkhand, has over 28 years of experience in industrial relations and labour welfare. Currently Vice President of Tata Workers' Union, Working President at JCAPCPL, and Secretary of Jharkhand INTUC, he is known for fostering dialogue between management and workers. A Ph.D. in Management, he also serves as visiting faculty at IIM Ranchi and XISS Ranchi. Dr. Alam has introduced reforms such as union constitutions, ISO auditor training, and the Tata Workers' Union Heritage Gallery, while promoting democratic elections and skill development programs. Internationally trained and widely published, he combines practical leadership with academic insight, empowering employees, advocating social inclusion, and shaping progressive labour practices across India's industrial landscape. Mrs. Sudha Gupta : Nearly three decades ago, when joyful, nurturing preschools were rare in India, Mrs. Sudha Gupta redefined early education with the launch of Mother's Pride in 1996, guided by the philosophy 'Love Blossoms Here'. Her vision expanded in 2005 with Presidium, a school that nurtures leadership, creativity, and individuality alongside academics. A celebrated life coach and parenting expert, she empowers parents and teachers while shaping young minds with love and purpose. Through books, media columns, and global speaking engagements, she continues to inspire modern parenting and education. Honored with prestigious awards including CNBC's Emerging India Award, the Golden Peacock Award, and FICCI's Outstanding Woman Entrepreneur, she now advances her latest initiative, 'The Guru is Here', fostering life skills for tomorrow's world. Dr. Rajesh Takyar: Dr. Rajesh Takyar, a celebrated author, entrepreneur, and spiritual thinker, embodies perseverance and purpose. At 71, he is creating a book series on the eighteen chapters of the Shrimad Bhagavad Gita, four of which are already complete. Known for works like Safalta Ka Rasta, Krishna Ek Satyagyan, and Inventing Dreams—winner of the Golden Book Award—he shares timeless wisdom drawn from Hindu scriptures with modern readers. A National Bharat Ratna Award and Best Author Award recipient, he also invented the world's first tea-making robot, the Hiarya Tea Robot, showcasing his innovative spirit. From overcoming financial struggles to global recognition, Dr. Takyar's journey unites spirituality and technology, inspiring future generations to pursue knowledge, resilience, and the belief that even the impossible can be achieved. Dr. Amisha Qaenaat Anand: Dr. Amisha Qaenaat Anand is emerging as a pioneer in the robotic industry with her groundbreaking innovation in medical and surgical robotics. She emphasizes that neuro-robotics is rapidly evolving, requiring constant innovation to ease patients' lives. Her revolutionary rehabilitation robot is shaping the future of neurological therapy by enhancing quality of life through precise control, therapy personalization, real-time progress monitoring, and interactivity. This innovation reduces the burden on therapists while accelerating recovery for patients with diverse neurological conditions. By integrating medical aid with robotics, Dr. Anand has created a versatile tool that makes rehabilitation more effective and efficient. Educated in London and the U.S., and innovating in Japan, she brings immense pride to India with her achievements. Abdul Sattar Sainudeen: Abdul Sattar Sainudeen, the visionary Founder and Director of Real English School, stands as a true trailblazer in the landscape of modern education. His institution created history in 2005 by becoming the world's first IMS-certified school, redefining benchmarks of quality and excellence in learning. The school has pioneered reforms by introducing Computer education right from grade one since 1993, CCTV surveillance, talkback systems, lightning arresters, safety training, firefighting equipment, and a website for the first time in Gujarat in 2001. Under his dynamic leadership, the school has won 106 international gold medals. Honored with eight national awards and an international gold medal, he continues, even at 67, to inspire with groundbreaking research that challenges Einstein's theory of relativity. About Kiteskraft Productions 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/2788419/Kiteskraft_10_Icons.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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