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    Rupee falls 8 paise to 95.25 against US dollar in early trade
    APEDA Facilitates First-Ever Export of GI-tagged Mithila Makhana by Sea Route from Bihar to Australia
    Government signs strategic MoUs with key industry leaders and ecosystems to strengthen support to StartUps
    No Charges for UPI Users
    Competition Commission of India (CCI) hosts BRICS Heads of Competition Authorities 2026 meeting
    ICoAS fraternity reaffirms commitment to cost optimisation for Atmanirbhar Bharat on ICoAS day 2026
    Govt to introduce bill in Lok Sabha to broaden NCDC's mandate for co-operative sector growth
    AAP govt indulged in large-scale financial irregularities, caused losses to exchequer: Delhi minister
    ED files chargesheets in 2 PMLA cases against Anil Ambani Group companies, ex-executives
    RJD criticises UDF govt's move not to disburse pensions through cooperative banks
    Raymond Limited reports a healthy Q1 FY27 performance
    Why Most People Choose the Wrong Savings Account And How Not to Be One of Them
    RBI has proactively helped UCBs; cooperatives should look at regulator differently: Shah
    Ministry of Agriculture, Food and Rural Affairs and aT Host '2026 K-Food Fair in New Delhi, India'
    No compromise on tackling illegal immigrants' issue: Minister Priyank Kharge
    Technology, transparency key for urban cooperative banks to stay competitive: Shah
    Paul Merchants Gets RBI Approval for Perpetual AD Category-II Licence Under Revised FEMA Framework
    IEPFA Organises Stakeholder Engagement with Nodal Officers of Companies on Integrated IEPFA Portal 2.0
    Rupee settles with 5 paise gain at 95.17 against US dollar
    India weathered Hormuz disruption without fuel shortages: Puri
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    August 10, 2026
    Show AI Summary
    Foreign-exchange market conditions weakened the rupee as stronger dollar and crude prices offset support from reserve growth and inflows.
    Foreign-exchange market conditions saw the rupee weaken against the US dollar in early trading, influenced by a stronger dollar and higher global crude oil prices. Foreign institutional equity inflows and increased foreign-exchange reserves moderated pressure on the rupee. Market attention remained focused on developments in West Asia and the Reserve Bank of India, alongside movements in the dollar index, crude oil prices and domestic equity markets.
    August 10, 2026
    Show AI Summary
    GI-tagged Mithila Makhana export facilitation expands sea-route market access while supporting quality compliance and farmer-linked value chains.
    Export facilitation for GI-tagged Mithila Makhana enabled the first commercial sea-route shipment from Bihar to Australia. APEDA, in association with the Bihar agriculture department, supported market access, coordination, capacity building and stakeholder engagement. The export model is intended to improve farmer price realisation, require adherence to global quality standards, and strengthen growers, processors and exporters. A separate HS Code for Makhana has taken effect under the Finance Bill, 2025, supporting product-specific trade classification.
    August 10, 2026
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    Startup ecosystem support expands through digital payments, cloud access, AI innovation, investment readiness, governance support and global market programmes.
    DPIIT has entered into strategic MoUs to support DPIIT-recognised startups through payment infrastructure, entrepreneurship development, cloud technology, mobility innovation, investment readiness and global-market access. Eligible startups may receive payment and cloud support, technical training, mentorship, startup formalisation assistance, market and investor connections, AI and mobility enablement, and programmes addressing governance, financial readiness, compliance and international expansion. The collaborations promote innovation across digital payments, clean energy, artificial intelligence, climate technology, advanced manufacturing, mobility and automotive technology.
    August 10, 2026
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    UPI transaction charges remain unavailable for consumers and person-to-person payments, while limited threshold-based merchant MDR may be considered.
    Proposed amendment of section 10A of the Payment and Settlement Systems Act, 2007 is intended to support UPI sustainability, technological advancement and resilience. Consumer payments and person-to-person transactions are to remain free. Any future merchant discount rate would apply only to limited merchant transactions above a threshold, at a nominal rate, while most merchant transactions remain free. The framework supports investment in cybersecurity, fraud prevention and infrastructure, alongside a self-sustaining and inclusive digital-payment ecosystem.
    August 10, 2026
    Show AI Summary
    Fair competition cooperation in renewable energy markets advances knowledge-sharing and evidence-based enforcement across interconnected digital and energy markets.
    BRICS competition authorities adopted a Joint Statement strengthening cooperation to promote fair competition, including in renewable energy markets. Cooperation focuses on dialogue, knowledge-sharing and consideration of cross-border competition challenges in digital markets, emerging technologies and the energy transition. Competition enforcement is to remain principled and evidence-based, supporting efficiency, consumer welfare, innovation and merit-based competition. A collaborative renewable-energy competition study identified evolving market dynamics and areas for future cooperation.
    August 10, 2026
    Show AI Summary
    Cost optimisation in public finance strengthens investment decisions, risk allocation, indigenous manufacturing and value-driven government expenditure through specialised financial expertise.
    ICoAS cost optimisation supports public financial management through prudent resource utilisation, financial oversight and improved cost management across government. Its role includes supporting indigenous manufacturing, better investment decisions, efficient public expenditure and maximum value for public spending. With greater private-sector participation and Public-Private Partnerships, ICoAS officers are expected to promote cost efficiency, appropriate risk allocation and sound project structuring. Capacity building emphasises integrity, financial modelling, data visualisation, analytical frameworks and artificial intelligence for improved public-finance management.
    August 9, 2026
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    Co-operative development financing would expand through direct assistance, share-capital participation and wider operational powers for sectoral support.
    National Cooperative Development Corporation (Amendment) Bill, 2026 proposes to broaden the Corporation's mandate to promote co-operative development. It would permit direct loans and grants to co-operative societies and other entities engaged in co-operative development, where funds are used for co-operative purposes. With Central Government approval, the Corporation could participate in the share capital of such entities. The proposals also expand the meaning of foodstuffs, remove geographical restrictions for industrial-goods assistance, and provide additional functional powers.
    August 9, 2026
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    GST compliance failures and electricity subsidy controls raise allegations of financial irregularities and potential losses to the public exchequer.
    Allegations based on a Comptroller and Auditor General report identified purported GST compliance failures involving outstanding tax liabilities, e-way bills generated after cancellation of GST registrations, limited bill scrutiny, non-compliance, and turnover mismatches. The allegations also concerned electricity subsidies extended to consumers with prolonged zero bills or apparent non-residence, presenting these issues as possible financial irregularities and losses to the public exchequer.
    August 9, 2026
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    Money-laundering prosecution complaints allege fund diversion through shell entities, credit-facility evergreening, layered transactions and fictitious project expenditure.
    Money-laundering prosecution complaints allege that funds from toll-road projects and credit facilities were diverted through group companies, contractors, shell entities and conduit accounts. In the toll-road matter, allegedly sham or back-dated subcontracting arrangements and subsequent documentation were used to portray transfers as genuine project expenditure. In the credit-facilities matter, fresh facilities were allegedly used to repay, rotate and evergreen earlier liabilities rather than for sanctioned end-use, with funds layered and presented as legitimate business expenditure or receipts. Attached assets are sought to be confiscated as alleged proceeds of crime.
    August 9, 2026
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    Direct Benefit Transfer pension disbursement replaces cooperative-bank doorstep delivery, while preserving home payments for beneficiaries unable to use bank accounts.
    Direct Benefit Transfer of social security and welfare pensions to Aadhaar-linked bank accounts is intended to replace cooperative-bank doorstep delivery, except for bedridden and similarly situated beneficiaries. The change addresses delays in remitting undistributed pensions, deficient record updates and reconciliation, duplicate payments, delivery incentives, and compliance with Direct Benefit Transfer norms. Criticism focuses on beneficiary access to linked commercial-bank accounts, possible minimum-balance deductions, exclusion of cooperative banks, and the effect on doorstep-delivery workers.
    August 8, 2026
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    Engineering business growth supported Raymond's first-quarter performance, with export expansion, capacity investment and net-debt-free financial flexibility.
    Raymond Limited reported unaudited first-quarter FY27 growth in total income, EBITDA and profit before tax before exceptional items, while remaining net-debt-free with a net cash surplus. Its Engineering business comprises Precision Technology & Auto Components and Aerospace & Defence. Growth in the former was attributed to export expansion, operating leverage, product mix and cost reductions. Aerospace & Defence growth was linked to production for global OEMs, portfolio expansion and increased capacity, although margins were affected by targeted research and development investment. Forward-looking statements remain subject to regulatory, political, economic and technological risks.
    August 8, 2026
    Show AI Summary
    Savings account selection requires comparison of effective interest, fees, digital service, access, and individual banking needs.
    Savings-account selection should compare effective interest returns under slab-based rates, recurring operating charges and the customer's actual banking needs. Net value depends not only on advertised rates but also on relevant minimum-balance, card, ATM, alert and transfer fees. Digital reliability, customer support, branch availability and ATM access should be assessed according to the customer's average balance, cash use, transfer frequency, travel patterns and need for in-person assistance. The suitable account is one that matches real banking behaviour.
    August 8, 2026
    Show AI Summary
    Urban cooperative bank regulation promotes licensing, governance, compliance support and cybersecurity measures to strengthen stability and depositor confidence.
    Urban cooperative banks are encouraged to recognise regulatory support through liberalised branch opening, doorstep banking, demand drafts, life certificates, dedicated regulatory coordination, enhanced gold-loan limits, one-time settlements and progress towards on-tap licensing. Sound governance is material to sectoral stability, while small-borrower lending is presented as a comparatively safe lending segment. The umbrella body can support member banks through technical expertise, compliance assistance, cybersecurity solutions and participation in a security operations centre to strengthen depositor confidence.
    August 8, 2026
    Show AI Summary
    Korean food export promotion combines buyer consultations, regulatory guidance and consumer experiences to support entry into Indian and South Asian markets.
    Korean food export promotion in India and South Asia combined business consultations with consumer-facing activities. Individual meetings connected Korean exporters with regional buyers and generated memoranda of understanding for products including frozen gimbap, ginseng wine and kombucha. Exporters received on-site guidance concerning non-tariff barriers, including food import customs clearance and certification requirements. Preparatory online sessions addressed import procedures, regulatory matters and consumer trends, while consumer events promoted Korean food through tasting, retail and experiential activities.
    August 8, 2026
    Show AI Summary
    Illegal immigration enforcement prioritises dismantling entry, documentation and employment networks while requiring citizens to report information through police channels.
    Illegal immigration enforcement involves continuous identification and verification operations, coordination with relevant officials, and confidential investigation of networks facilitating entry, identity documentation, accommodation and employment. Enquiries extend to intermediaries, contractors, Aadhaar procurement and verification practices, rather than focusing only on apprehended individuals. Citizen vigilantism, moral policing and social-media targeting of suspected migrants are discouraged because they may compromise investigations; information should instead be given through proper police channels.
    August 8, 2026
    Show AI Summary
    Technology, transparency and governance strengthen urban cooperative banks through modern customer services, depositor protection and cooperative-sector support.
    Technology adoption, transparency, sound governance and modern customer services are identified as necessary for urban cooperative banks to remain competitive. Banks are encouraged to join the sector's umbrella organisation and self-regulatory body, which provides capital, information-technology infrastructure and liquidity support. Protection of depositors' money remains a regulatory responsibility, while banks are expected to improve governance, train staff, adopt technology and enhance customer-centric services. Customer prosperity and reduced perception gaps between the central bank and urban cooperative banks are emphasised as measures to strengthen the sector.
    August 8, 2026
    Show AI Summary
    Authorised Dealer Category-II licensing expands permissible FEMA current account and foreign trade transaction services for cross-border payment customers.
    An Authorised Dealer Category-II approval under the Foreign Exchange Management (Authorised Persons) Regulations, 2026 enables Paul Merchants to undertake additional permissible non-trade current account transactions under FEMA, excluding gifts and donations, and foreign trade transactions within the applicable per-transaction limit. The approval supports foreign exchange and cross-border payment services, including overseas remittances for education, medical treatment, travel, and conference or event participation.
    August 8, 2026
    Show AI Summary
    Integrated investor claim portal modernisation advances digital KYC, streamlined verification, stakeholder-informed safeguards, and efficient investor claim settlement services.
    Integrated IEPFA Portal 2.0 is proposed to modernise investor claim processing through digital KYC, pre-filled Form IEPF-5, entitlement search, and a simplified e-Verification Report filing workflow. Stakeholder feedback included Aadhaar eKYC address validation, KYC for authorised representatives, entitlement-letter validation checks, bulk DSC and eSign functionality, integration of approved IEPF Form-4 data, lower-value share valuation using NSE and BSE data, and alerts for frequent address changes to prevent fraud.
    August 7, 2026
    Show AI Summary
    Foreign capital inflows supported the rupee despite geopolitical uncertainty, oil-price pressures, and volatile global market sentiment.
    Foreign capital inflows supported a marginal strengthening of the rupee against the US dollar despite global risk aversion arising from uncertainty surrounding negotiations affecting the Strait of Hormuz. Higher crude oil prices and weak domestic equity sentiment remained relevant pressures. Near-term currency movement was expected to depend on developments in the negotiations, weekend decisions, US employment data, the dollar index, crude oil prices, and the reported increase in foreign exchange reserves.
    August 7, 2026
    Show AI Summary
    Energy security through diversified sourcing protected fuel supplies during Hormuz disruption and supports domestic exploration and alternative fuels.
    Energy security measures based on diversified crude oil and LPG sourcing, expanded infrastructure, increased domestic LPG production and alternative fuels were presented as maintaining fuel availability during disruption of shipping through the Strait of Hormuz. Domestic resilience is also linked to support for private deep-water oil and gas exploration, opening offshore acreage, and expansion of compressed biogas and ethanol blending. Ethanol-blended petrol testing identified limited contamination instances rather than a systemic issue, while excise duty reductions were described as cushioning consumers against global fuel-price volatility.

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      Qualcomm Focused on Building Future-Ready India, Highlights AI + 5G Leadership and Developer Upskilling at IMC 2025

      October 9, 2025

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      New Delhi, 9th October 2025 – At India Mobile Congress (IMC) 2025, Qualcomm India unveiled a powerful portfolio of technologies driving India’s digital transformation. From Edge AI and 6G to smart retail, connected homes, and compute innovation, Qualcomm reinforced its commitment to enabling scalable, secure, and intelligent solutions for India. Qualcomm India showcased its vision for an intelligent, connected future powered by Personal AI, Physical AI, and Industrial AI. These three pillars reflect Qualcomm’s commitment to enabling scalable, secure, and India-first solutions across consumer, enterprise, and infrastructure domains. As a digital transformation partner, Qualcomm has been at the forefront of supporting India’s technology journey – from 3G to 5G and is already preparing the ecosystem for 6G through early-stage research and collaboration. Qualcomm’s continued support for ‘Make in India’ is reflected in its deep investments in local R&D, strategic partnerships, and robust skilling programs, thereby powering India’s journey toward becoming a global hub of innovation. Developer enablement through Qualcomm AI Hub and Edge AI Box demos At IMC 2025, Qualcomm India emphasized how Edge AI and 5G together are powering India’s digital transformation across industries, acting as the ‘twin pillars’ of the nation’s digital future. The company showcased how its platforms are enabling breakthroughs across industries – from automotive and industrial IoT to mobile and compute. Qualcomm’s Edge AI platforms demonstrated real-time, low-latency intelligence across industries from on-device generative AI for smartphones and industrial handhelds to AI-powered surveillance and analytics for VSaaS. Qualcomm also highlighted how agentic AI and intelligent wearables, from watches and earbuds to smart glasses, and vehicles, are shaping the “Ecosystem of You,” delivering contextual, multimodal experiences that seamlessly connect devices and empower India’s consumers and enterprises. Speaking at IMC, Savi Soin, Senior Vice President and President, Qualcomm India, commented, “IMC 2025 is a testament to India’s digital momentum. Qualcomm is proud to lead with technologies that are not only cutting-edge but also India-first, from Edge AI and 6G to smart homes and secure video solutions. Our platforms and partnerships are designed to unlock new possibilities for every segment. For over two decades, our investments in R&D and people have helped shape India’s technology ecosystem and we will continue to build on that foundation.” Expanding the Qualcomm Ecosystem: Partner Announcements At IMC 2025, Qualcomm India announced new collaborations that demonstrate its developer-first approach and support for Make in India: • Coredge: Enterprises are at a turning point as the traditional model of sending workloads to hyperscale public clouds shifts toward bringing AI closer to where data resides. With data volumes surging, Qualcomm and Coredge partnership addresses the need for a sovereign, high-performance, and cost-efficient AI platform. The integration of Qualcomm® Cloud AI 100 Ultra Cards with the Qualcomm® AI Inference Suite allows enterprises and governments to securely conduct advanced AI inference in their own data centers, sovereign clouds, or at the edge, guaranteeing that data remains within trusted boundaries. The platform sets the stage for autonomous AI co-pilots that autonomously learn, act, and collaborate, helping industries such as BFSI, manufacturing, retail, and public services unlock faster, smarter, and more secure decision-making. • Lloyd (Havells Group): A connected air conditioner powered by the Qualcomm® QCC743 connectivity platform. Demonstrated live at the event, it highlights the integration of Qualcomm’s advanced tri-radio connectivity—Wi-Fi 6 (2.4 GHz), Bluetooth 5.4, and IEEE 802.15.4 (Thread/Zigbee) with Lloyd’s national manufacturing and distribution capabilities. This collaboration reflects how Indian OEMs are leveraging Qualcomm’s scalable connectivity and AI solutions to deliver energy-efficient, interoperable, and intelligent appliances, aligned with the Make in India initiative and the evolving smart home ecosystem. • Ideaforge: Qualcomm India showcased its collaboration with Ideaforge, featuring drones powered by the Qualcomm® QRB5165 SoC. The demonstration highlighted autonomous navigation, GPS-denied flight, real-time AI-powered video analytics, multi-camera SLAM, and object tracking. The drones also featured 5G connectivity for defense, industrial, agriculture, and smart city applications. This partnership reflects how Indian companies are building scalable, intelligent aerial solutions powered by Qualcomm technologies, supporting Make in India and India’s broader digital and industrial technology initiatives. Qualcomm AI Upskilling Program: Technical Foundation To strengthen India’s AI talent pipeline, Qualcomm India also announced the launch of the Qualcomm AI Upskilling Program: Technical Foundation. Targeted at engineering students, developers, and professionals, this developer-first initiative introduces participants to the Qualcomm AI Stack while encouraging growth in the use of end-to-end on-device ML solutions via the Qualcomm AI Hub. The program covers five key modules: • Fundamentals of AI & ML – covering deep learning, neural networks, big data, and model training. • Edge AI Fundamentals & Features – focusing on cloud, edge, and on-device AI capabilities. • Introduction to Generative AI – exploring GenAI for text, image, speech, and video applications. • Fundamentals of Qualcomm® AI – highlighting how Qualcomm products integrate AI to deliver performance and efficiency. • Getting Started with Qualcomm® AI Hub – enabling developers to build on-device AI applications through a free, accessible platform. With this initiative, Qualcomm India aims to strengthen the Qualcomm AI Ecosystem, familiarize developers and students with its AI Stack, and expand the adoption of on-device AI solutions, helping nurture the next generation of AI talent in India. Driving India’s Digital Ambitions Through its showcases and announcements at IMC 2025, Qualcomm India has reinforced its long-term commitment to India – aligning with the Semiconductor Mission, driving Make in India innovation, leading the evolution to 6G, and empowering developers and students through AI upskilling. Together with its ecosystem of partners and policymakers, Qualcomm India continues to play a central role in shaping an inclusive, sustainable, and globally competitive digital future for the nation. Partner Quotes Coredge “Our collaboration with Qualcomm unlocks an unparalleled mix of efficiency and reach—from edge inference to cloud-scale agentic workflows. Together, we’re enabling Indian telcos, public sector, and enterprises to move beyond ‘chat’ into action-oriented AI agents that orchestrate real business outcomes, with superior performance-per-watt and predictable TCO.” — Arif Khan, Group CEO, Coredge Tech Mahindra “Tech Mahindra and Qualcomm continue to stand together for an AI-enabled and empowered future by spearheading AI integration and On-Device AI through cross sector applications. Our fraud call detection, a unique approach, leveraging the LLM efficiency for establishing call authenticity, based on real-time conversation, powered by the Snapdragon NPU. This comes through the joint expertise gained from integrating our IndusQ LLM with Qualcomm's AI hub, for on-device AI deployment to drive advancements in connected devices, autonomous vehicles, and smart cities. We remain excited for the future with our marquee offerings, including our on-device AI Tutor capability for real-time interactive learning, powered by the Qualcomm NPU – are powering ahead for inclusive AI-led innovation and implementation.” — Nikhil Malhotra, Chief Innovation Officer & Global Head of AI and Emerging Technologies, Tech Mahindra KOGO “With KOGO OS on MegaEdge, AI becomes sovereign. The combination of KOGO’s Private Agentic OS and the Qualcomm Cloud AI 100 Ultra enables low-latency, high-throughput inference right at the edge, so sensitive data stays inside, and value creation stays on-prem.” — Raj K Gopalakrishnan, Co-Founder & CEO, KOGO AI. ideaforge “At ideaForge, we are proud to collaborate with Qualcomm India in harnessing the power of AI, 5G, and advanced computing to push the boundaries of autonomous aerial intelligence. Our Q6 V2 GEO platform, equipped with the Qualcomm-enabled SHODHAM M61 payload demonstrates the power of edge AI delivering real-time analytics for precision mapping, inspection. Powered by Qualcomm, our drones exemplify how indigenous innovation and cutting-edge global technology can come together to create scalable, high-performance systems for industrial, and smart infrastructure applications. It is our collective commitment to strengthening India's technological sovereignty while building a smarter, more secure, and interconnected tomorrow. We look forward to continuing this journey of innovation and a technologically advanced India.” — Ankit Mehta, CEO & Co-founder, ideaForge Havells “At Havells, our vision is to make every household smarter, more efficient, and seamlessly connected. By leveraging Qualcomm’s advanced platform in our Lloyd air conditioners, we are not only elevating performance but also delivering richer, more intuitive experiences for our consumers.” — Alok Tickoo, Executive Vice President and Business Leader, Lloyd Air Conditioner Business, Havells Tejas Networks "We are excited to partner with Qualcomm as we continue to build an industry-leading wireless portfolio for 5G and beyond. We look forward to leveraging Qualcomm's cutting-edge chipsets in our next-generation RU and DU products." — Dr. Kumar N. Sivarajan, CTO and Cofounder, Tejas Networks (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI

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