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    Japan's JCR upgrades India's sovereign rating to 'A-', cites solid growth, improved financial system
    In personal insolvency case before NCLAT, Subhash Chandra opposes formation of 5-member NCLT bench
    GoCredit Launches Free Loan App Checker to Verify If a Lending App Is Real, Fake or RBI Registered
    Rupee falls 2 paise to 94.97 against US dollar in early trade
    Senior bureaucrats attend IICA’s ‘weekend wisdom’ program initiave
    NLMC to Facilitate E-Auction of 459 RINL Land Parcels in Visakhapatnam
    CCI approves acquisition of Aseem Infrastructure Finance Limited by TPG Nicobar SG Pte. Ltd. and related transactions
    CCI approves acquisition of up to 100% equity shareholding of Apollo Fertility Centre (AFCPL) and Apollo Specialty Hospitals (ASHPL) by Kids Clinic In...
    ED arrests businessman in DMF-linked money laundering case
    Rupee gains 27 paise to close at 94.95 against US dollar
    India's CAD widens to USD 4.2 bn in Q1 amid West Asia conflict: RBI data
    Andhra commercial tax collections rise by 11 per cent in August to Rs 4,983 cr
    Govt hikes windfall gains tax on petrol, diesel exports; cuts levy on ATF
    DGFT Enables Automated Issuance of Free Sale and Commerce Certificates to Promote Ease of Doing Business
    Bank unions to go on nationwide strike on Sep 11 over 5-day banking, other issues
    Stock markets close marginally lower amid higher oil prices, fresh US-Iran tensions
    Gross and Net GST revenue collections for the month of August, 2026
    A Quarter-Century of Trade. One Unbroken Connection.
    NCLT bars Subhash Chandra from alienating assets, stays Rs 6.5-cr repayment plan
    Rupee gains 28 paise to close at 94.94 against US dollar
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September 2, 2026
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Sovereign credit rating upgrade reflects solid growth, stronger financial systems, and improving fiscal and external resilience.
JCR upgrades India's foreign-currency and local-currency long-term issuer ratings to A- with a stable outlook, citing sustained economic growth, productivity-oriented policies and improved financial-system soundness. Fiscal constraints include elevated deficits, intergovernmental fiscal transfers, electoral-cycle sensitivity, and high combined government debt and interest burdens. Greater emphasis on infrastructure capital expenditure has improved the quality of fiscal spending. External resilience is supported by a contained current account deficit, services surplus and foreign-exchange reserves exceeding short-term external debt.
September 2, 2026
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Personal insolvency bench constitution and repayment-plan eligibility remain contested where a larger tribunal bench stays a third-member order.
Personal insolvency proceedings raised a challenge to the National Company Law Tribunal's authority to constitute a five-member bench after a split verdict. The challenge contended that the mechanism for differing views permits reference to another member or members, but does not authorise a five-member bench. The larger bench stayed the third member's order, restricted asset alienation, and suspended an order permitting settlement of personal-guarantee claims. The dispute concerned the validity of that bench, the split-verdict reference procedure, repayment-plan eligibility, and pending creditor appeals.
September 2, 2026
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Digital lending app verification enables borrowers to identify regulated lenders, grievance channels, and warning signs before accepting loans.
GoCredit's Loan App Checker allows borrowers to search lending apps against the public Digital Lending App directory and identify the regulated lender, grievance contact and RBI Ombudsman escalation route where a match exists. Regulatory reporting by regulated entities enables app-level verification, while borrowers should also check the lender named in app disclosures and loan agreements. A directory listing is a regulated-entity disclosure, not RBI approval or endorsement. Unmatched apps should be assessed through verification steps and reported through official channels where appropriate.
September 2, 2026
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Rupee depreciation in early trade reflected oil-price pressures, risk aversion, higher Treasury yields and broad dollar strength.
Early foreign-exchange trading saw the rupee weaken against the US dollar amid renewed US-Iran tensions, risk aversion, higher Brent crude prices, and a stronger dollar. Safe-haven demand, inflation concerns linked to potential oil-supply disruption, expectations of a September Federal Reserve rate increase, and higher US Treasury yields supported the broad dollar rally. RBI monitoring of the rupee's decline was noted.
September 2, 2026
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Responsible AI governance requires ethical safeguards, privacy protection, accountability and adaptive oversight to build lasting corporate stakeholder trust.
Responsible artificial intelligence governance requires continuous innovation, inclusive development, responsible deployment and trust-based governance. AI systems should be ethical, safe, transparent, fair and human-centric, with safeguards for privacy, bias, security and accountability. Proportionate and adaptive regulation should provide clear accountability, standards, monitoring, auditability and grievance redressal. Good governance, cybersecurity, personal data protection and responsible AI together strengthen organisational resilience, stakeholder trust, transparency and sustainable innovation.
September 2, 2026
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E-auction of surplus public land enables transparent outright sale of RINL parcels through registered, KYC-verified bidding.
National Land Monetization Corporation will facilitate the e-auction and outright sale of 459 encumbrance-free RINL land parcels, including residential plots and parcels suited for commercial and logistics use. Competitive bidding will occur through the RailTel E-Nivida e-procurement platform. Participation requires online registration, KYC verification, and plot-wise submission of an earnest money deposit within prescribed timelines. The process supports transparent monetisation of surplus land and non-core public assets.
September 2, 2026
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Competition approval for infrastructure finance restructuring covers acquisition, minority transfer, investment divestment, and merger of regulated NBFCs.
Competition Commission of India approval applies to the acquisition of Aseem Infrastructure Finance Limited by TPG Nicobar SG Pte. Ltd., a subsequent minority share acquisition by ICICI Bank Limited, and Aseem's divestment of its shareholding in NIIF Infrastructure Finance Limited to National Investment and Infrastructure Fund II. Following the acquisition, Climate Finance India Private Limited is intended to merge into Aseem as the surviving entity. The entities involved include RBI-registered non-deposit taking NBFCs operating in infrastructure finance, investment and credit, and infrastructure debt financing.
September 2, 2026
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Healthcare merger approval enables KCIL to acquire fertility and specialty hospital businesses alongside related equity issuances and investment.
Competition Commission approval covers KCIL's acquisition of up to 100% equity shareholding in AFCPL and 100% equity shareholding in ASHPL. The combination includes KCIL issuing equity shares and optionally convertible debentures to AHLL, representing 9.9% fully diluted shareholding as partial consideration, together with a further KCIL equity investment by Arvon Investments Pte. Ltd. KCIL operates mother and baby care hospitals, while AFCPL provides assisted reproductive treatment and reproductive-medicine services.
September 1, 2026
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Money-laundering investigation into alleged District Mineral Fund diversion examines purported liaison activity and asset acquisition through proceeds of crime.
Money-laundering proceedings under the Prevention of Money Laundering Act concern alleged diversion of District Mineral Fund resources through the Chhattisgarh Seed Corporation. The investigation alleges siphoning of public funds by contractors in collusion with government officials and political executives. A businessman was identified as an alleged liaisoner and financial coordinator between public servants, district authorities and private vendors. Allegations also include receipt of commissions, acquisition of immovable assets from purported proceeds of crime, non-production of records, and contradictory statements during questioning.
September 1, 2026
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Foreign exchange market dynamics: rupee appreciation reflected portfolio inflows, domestic growth, and possible central-bank intervention amid external pressures.
The rupee appreciated against the US dollar, supported by domestic growth, controlled fiscal slippage, portfolio-related inflows and possible Reserve Bank of India intervention. Its gains were limited by weak equity markets, rising crude oil prices and a stronger dollar. External geopolitical tensions and hawkish US monetary signals remained potential pressures. Domestic indicators showed strong economic activity, while the current account deficit widened because of a higher merchandise trade deficit. Foreign portfolio inflows continued despite investors remaining net sellers during the year.
September 1, 2026
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Current account deficit widened as merchandise trade deficit increased, notwithstanding stronger services receipts, remittances, and foreign direct investment inflows.
India's current account deficit widened in the first quarter of 2026-27 as the merchandise trade deficit increased. Higher net services receipts, increased personal transfer receipts and lower net primary-income outgo partly supported the external account. Financial-account movements included higher net foreign direct investment inflows, a shift in foreign portfolio investment from net inflow to net outflow, and lower net inflows through non-resident deposits and external commercial borrowings. Foreign exchange reserves declined on a balance-of-payments basis during the quarter.
September 1, 2026
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Technology-enabled tax compliance and enforcement supported higher commercial tax collections, while GST rate reductions moderated sectoral net GST growth.
Technology-enabled tax administration supported commercial tax and net GST collection growth in Andhra Pradesh during August 2026 and the cumulative period through August. AI-based analytics and scrutiny, IGST reversals, UPI-based enforcement, registration verification, Aadhaar authentication, digital payment enablement, predictive analytics and data sharing strengthened compliance, scrutiny and revenue mobilisation. Petroleum VAT, professional tax, liquor VAT and IGST settlement also increased, while GST rate reductions moderated net GST performance in specified product sectors.
September 1, 2026
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Windfall gains tax on petroleum exports rises for petrol and diesel while aviation turbine fuel levy is reduced.
Special additional excise duty and road and infrastructure cess on petroleum-product exports are revised with effect from 1 September 2026. The export duty on diesel is increased, the levy on aviation turbine fuel is marginally reduced, and a duty is imposed on petrol exports. Existing duty rates for petrol and diesel cleared for domestic consumption remain unchanged. The windfall-tax framework seeks to support domestic fuel availability and deter exporters from benefiting from domestic and international price differences.
September 1, 2026
Show AI Summary
Automated Free Sale and Commerce Certificate issuance reduces manual scrutiny while preserving risk-based review for eligible exporters.
DGFT has enabled automated issuance of Free Sale and Commerce Certificates through its portal for eligible exporters of items not covered by the Drugs & Cosmetics Act, 1940. Applications satisfying prevailing framework and automated processing parameters may be issued without manual scrutiny. Applications requiring verification or not meeting those parameters may be routed for manual processing, while auto-approved applications may be flagged later for risk-based review. The mechanism seeks faster, more transparent and predictable processing while retaining necessary oversight.
September 1, 2026
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Five-day banking and equitable performance incentives drive planned nationwide bank union strike amid unresolved pension demands.
United Forum of Bank Unions has proposed nationwide strike action over delayed five-day banking, the performance-linked incentive framework, and unresolved pension demands. Five-day banking was agreed under the 12th Bipartite Settlement/9th Joint Note with extended Monday-to-Friday working hours, but remains pending for implementation. Unions challenge the incentive scheme for departing from a uniform, bank-performance-linked approach and for disproportionately benefiting senior officers. The dispute is under conciliation and pending before the Delhi High Court, while pension updation, a uniform dearness allowance formula, and an old pension scheme option remain unresolved.
September 1, 2026
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Equity market volatility intensified as higher crude prices, geopolitical tensions and tighter monetary expectations weakened domestic investor sentiment.
Indian equity markets closed marginally lower as higher crude oil prices, US-Iran tensions, and expectations of prolonged tight United States monetary policy weakened risk appetite. The phased Closing Auction Session contributed to a late recovery in the benchmark index. Rising crude prices and global bond yields triggered broad-based selling across several domestic sectors, while foreign institutional equity sales and weakness in overseas markets added to pressure despite stronger-than-expected domestic economic growth.
September 1, 2026
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GST revenue collections show higher gross and net receipts alongside increased refunds and state-level settlement data.
GST revenue collections for August 2026 recorded total gross GST revenue of Rs. 1,99,853 crore, reflecting 14.8% growth over August 2025. Total refunds were Rs. 31,795 crore, including domestic refunds and export IGST refunds processed through ICEGATE. After adjustment of refunds, total net GST revenue was Rs. 1,68,057 crore, representing 8.3% growth. SGST collections and the SGST component of IGST settlement were separately identified for States and Union Territories, with post-settlement SGST aggregating Rs. 95,531 crore.
September 1, 2026
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Trade facilitation and customs preparedness feature in AILBIEA's Silver Jubilee knowledge conference on liquid bulk commerce.
AILBIEA's Silver Jubilee programme focuses on trade facilitation, customs modernisation, GST dispute preparedness and maritime-risk issues affecting liquid bulk trade. The Knowledge Conference includes sessions on the Authorised Economic Operator advantage, next-generation customs technology, GST Appellate Tribunal-era dispute preparedness, and geopolitical risks to sea-borne trade. It also marks the launch of AGS 360, integrating port information, vessel tracking, port-call estimates and maritime intelligence.
September 1, 2026
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Personal guarantor insolvency: repayment plan stayed pending majority determination, with restraint on direct or indirect asset alienation.
Personal-guarantee insolvency proceedings involve a stay on implementation of a repayment plan because the earlier members' views did not produce a clear majority capable of taking effect. The personal guarantor has been restrained from directly or indirectly alienating assets pending further hearing. The dispute follows split views on approval of the plan, claim admission and voting, followed by a third-member opinion that did not resolve the absence of a determinative majority. Creditors dispute the proposed recovery, claim treatment and declared net worth relevant to the guarantees.
September 1, 2026
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Rupee exchange-rate movement reflects portfolio inflows, growth data and possible central-bank support, while crude oil prices constrain gains.
Foreign-exchange market conditions strengthened the rupee by 28 paise to 94.94 against the US dollar, supported by domestic growth, controlled fiscal slippage and portfolio inflows. Possible Reserve Bank of India intervention was also identified as supportive. Higher crude oil prices, weak domestic equities and hawkish US monetary-policy signals were identified as constraints on further appreciation. Foreign investment flows, stronger-than-expected domestic growth and the fiscal-deficit position remained material factors affecting currency conditions.

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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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