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    SVC Bank's Nationwide Cyber Safety Drive Reaches Over 19,061 Citizens Across 213 Housing Societies
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August 27, 2026
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Cyber fraud awareness promotes safe digital banking by teaching customers to verify communications, protect credentials, and report suspicious transactions.
Cyber-fraud awareness and digital banking safety were promoted through community sessions addressing phishing, impersonation, OTP and UPI fraud, QR-code scams, digital-arrest fraud, and fraudulent customer-care calls. Participants were guided to identify authentic banking communications, avoid sharing confidential credentials, verify callers and links before acting, and promptly report suspected unauthorised transactions. Customer vigilance, financial literacy, and institutional security measures were emphasised as complementary safeguards against digital financial fraud.
August 27, 2026
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Personal insolvency repayment plans may be approved despite minimal creditor recovery when requisite voting support and comparative valuation support them.
Personal insolvency repayment plan approval was granted under the Insolvency and Bankruptcy Code, 2016, despite objections that creditor recoveries were negligible and the proposed payment uncertain. The plan received 80.81 per cent voting support, while dissenting creditors held less than 20 per cent voting share. Valuation showed that the debtor's personal estate was materially below the offered amount, and rejection could result in bankruptcy and lower recovery. Assessment of settlement adequacy was treated as a matter of creditor commercial wisdom.
August 27, 2026
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Prison escape security lapses prompt coordinated tracing measures, transport monitoring, inter-state alerts, and a detailed custodial-security inquiry.
Prison escape and custodial-security lapses arose after a detainee escaped from Aluva Sub Jail, allegedly by using an under-construction structure within the premises to cross the compound wall. Following his later appearance at a police station seeking return of his Aadhaar card, search measures included a lookout circular, information sharing with police stations, railway-security coordination, and alerting police in Assam. A detailed inquiry has been initiated into the prison-security deficiencies enabling the escape.
August 27, 2026
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Women's savings account selection depends on practical benefits, charges, eligibility, and banking needs rather than the account label.
Women's Savings Accounts may provide standard banking facilities together with additional services or benefits for eligible women. Their suitability depends on practical use of digital banking, transfers, payments, alerts, debit-card facilities, accessibility, security features, charges, and minimum-balance conditions. Since regular Savings Accounts may offer comparable facilities, the additional benefits should be assessed against associated costs and conditions. Selection should be based on comparison of eligibility, facilities, balance requirements, benefits, customer support, and authentication safeguards rather than the account's women-focused label alone.
August 27, 2026
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Retirement annuity selection prioritises payout structure, taxation, insurer strength and flexibility over brand comparison for informed retirement decisions.
Retirement planning may combine market-linked accumulation during working years, deferred annuities that lock future guaranteed income, and immediate annuities that convert retirement savings into regular payments. Annuity choice depends on whether the priority is higher income, continuation for a surviving spouse, or return of capital on death. Product comparison should consider market-linked growth versus income certainty, taxation of annuity income at applicable slab rates, insurer strength, and flexibility in deferment, payout frequency and policy loans.
August 27, 2026
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Foreign exchange inflows through deposit and borrowing measures provided near-term rupee support amid lower crude prices.
Reserve Bank special measures relating to FCNR(B) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings were identified as attracting foreign-exchange inflows and providing near-term support to the rupee. The Reserve Bank became a net dollar buyer in June after two months of sales to support the rupee. The FCNR(B) window remained open until August 31, while the market outlook anticipated broader rupee depreciation over subsequent weeks.
August 27, 2026
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Preferential trade agreement exploration advances bilateral market access, pharmaceutical cooperation, investment partnerships, and diversified trade.
India-Morocco economic cooperation is expanded through the seventh Joint Commission framework, targeting deeper and more diversified trade, investment, industrial collaboration and market access across goods and services. An India-Morocco Joint Working Group is to examine bilateral trade opportunities and the feasibility of a preferential trade agreement, including tariff and non-tariff barriers, improved market access and trade facilitation. Cooperation also addresses pharmaceutical market authorisation and approval timelines, food safety, sustainable agriculture, renewable energy, artificial intelligence, healthcare, and phosphates and fertilisers.
August 26, 2026
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Hybrid cyber fraud exploits stolen smartphones and intercepted verification codes to compromise digital banking and payment accounts.
Hybrid cyber fraud combines physical smartphone theft with digital financial exploitation. Offenders obtain screen-lock credentials, steal devices and use control of the active SIM card to intercept verification codes and reset UPI and digital banking credentials. Preventive measures include withholding PINs, passwords and OTPs; avoiding storage of financial and identity records on phones; and immediately blocking the SIM card and freezing digital banking and UPI services after a theft.
August 26, 2026
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CEPA review aims to expand bilateral trade engagement, address export barriers, and support regulatory registrations for exporters.
India and Japan are considering a review of the Comprehensive Economic Partnership Agreement to make the bilateral trade framework more contemporary and expand its scope, scale and commercial opportunities. The review is linked to balanced trade and to identifying export barriers arising from procedural requirements, language issues and time involved in market access. Regulatory compliance assistance may support product registrations required for overseas markets, including costly chemical registrations and pharmaceutical registrations.
August 26, 2026
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Personal loan reward eligibility depends on successful campaign-period disbursal, alongside review of borrowing costs and repayment capacity.
Loan Utsav 2026 provides a limited-period reward bundle to eligible customers whose personal loan is successfully disbursed during the campaign period, subject to applicable terms and conditions. Personal loans are collateral-free and available subject to eligibility, customer profile, documentation and applicable loan terms. Applicants may choose a loan amount and repayment tenure based on their requirements. Extended tenures can reduce monthly EMI obligations but may increase total interest payable. Customers should review interest rates, EMI, processing charges, other loan costs and repayment capacity before accepting a loan offer.
August 26, 2026
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Deep-tech investment cooperation advances through capital corridors, innovation bridges, manufacturing integration and startup pitching platforms for cross-border growth.
India-Japan startup cooperation is proposed to advance through a deep-tech capital corridor, a two-way innovation bridge, manufacturing and technology integration, and joint startup pitching platforms. Collaboration is directed towards patient capital, early-stage research, deep-tech commercialisation, technology validation, precision manufacturing, investment and market access. The partnership also emphasises MSME integration with startups and global supply chains, co-investment mechanisms, plug-and-play infrastructure, and institutional links among universities, research institutions, incubators and industry.
August 26, 2026
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Sugar price-control measures combine raw-sugar imports, stockholding limits and export restrictions to curb retail price pressures.
Sugar price-control measures combine authorised raw-sugar imports, stockholding limits for dealers and bulk consumers, and an existing export prohibition to address elevated domestic prices. Imports are permitted within the specified period, while stockholding restrictions seek to curb speculation and hoarding. Retail prices continued to rise despite lower ex-mill prices, and the regulatory approach focuses on augmenting supply, limiting stock accumulation, and preventing export-related pressure on domestic availability.
August 26, 2026
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Alternative dispute resolution enabled settlement of long-pending disputes, alongside reporting on court administration and regulatory compliance concerns.
Legal developments include resolution of long-pending tenancy, commercial and property disputes through a special Lok Adalat mechanism, including a digitally signed international settlement. Other matters concern a challenge to a riot-related murder conviction, allegations of administrative irregularities and selective case listing, fast-track court pendency, cancellation of a recruitment process following suspected examination malpractice, fraudulent identity documents used to claim citizenship, medical-qualification standards, and opposition to uranium exploration and mining.
August 26, 2026
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MSME co-lending supports digital paperless credit delivery through rural banks for underserved rural and semi-urban enterprises.
SIDBI-RRB MSME co-lending arrangement is proposed for expansion to increase credit access for micro, small and medium enterprises in rural and semi-urban areas. The arrangement combines SIDBI's understanding of MSME credit requirements with Regional Rural Banks' local reach. SIDBI's Co-Lending Origination Platform provides an end-to-end digital credit process intended to enable faster, paperless loan processing, in-principle sanction communication, documentation and direct account disbursement without branch visits.
August 26, 2026
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Input tax credit mismatch alone cannot support fraud-based GST demand without an assessing officer's recorded satisfaction of fraud or suppression.
Section 74 GST demand proceedings require the assessing officer's independent satisfaction of fraud, wilful misstatement or suppression of facts. An input tax credit mismatch or alleged short payment alone cannot establish these conditions. Unsupported assertions of suppression for invoking extended limitation are insufficient, and audit objections cannot replace the assessing officer's satisfaction. A show cause-cum-demand notice lacking factual allegations of a deliberate device to evade tax or avail excess input tax credit is vulnerable.
August 26, 2026
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Fraudulent Aadhaar procurement exposes identity-verification gaps and prompts disclosure, expedited investigation, deportation, and statutory review measures.
Fraudulent procurement of Aadhaar and other identity documents by foreign nationals who infiltrate borders may undermine identity verification, immigration control and national security. Coordinated action is required to trace and deport such persons, prevent re-entry, strengthen document verification, and complete investigations without delay. Amendments to the Aadhaar Act are to be considered to assist investigating agencies, while a dedicated procedure is required to address border infiltration and human trafficking. Aadhaar enrolment records are to be supplied to police, followed by timely deportation proceedings.
August 26, 2026
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Foreign investment liberalisation proposals receive industry support, subject to preserving AIF treatment, grandfathering, and prospective application.
Proposed foreign-investment liberalisation, including treatment of stakes below 10 per cent and a greater role for market forces in valuation, is welcomed. Preservation of the existing treatment of Alternative Investment Funds under the IOCC framework is emphasised, together with grandfathering of transactions and funds undertaken under the current regulatory position. Newly introduced requirements should operate prospectively to support a simpler, predictable and investment-friendly foreign-investment framework.
August 26, 2026
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India market expansion guides Nestle 's volume-led growth, export-hub development and long-term investment without compromising product quality.
Nestle 's India strategy focuses on volume-led growth, wider consumer reach, portfolio development, efficiency improvements and sustained long-term investment. Growth is intended to combine increased household penetration with pricing, premiumisation, affordability and value offerings. India is also intended to develop further as a production and export hub for global markets, supported by manufacturing capacity and expanding overseas supplies. Product quality and consumer interests remain constraints on the pace of expansion.
August 26, 2026
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Credit awareness through regular score and report review supports responsible borrowing, error detection, and informed credit management.
Free online access to the Credit Pulse Report is available through the Bajaj Finance website. Users verify their registered mobile number through OTP authentication, provide identifying particulars including PAN and date of birth, and then view the available credit score. The report may be reviewed and downloaded to examine repayment history, active credit accounts, recent enquiries and other recorded credit information. Periodic review can help identify unfamiliar accounts, inaccurate repayment records, overdue amounts, unupdated information and changes in credit utilisation.
August 26, 2026
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Credit lifecycle consistency requires facility-specific treatment so UPI-linked credit records, repayments and customer obligations remain aligned.
CARD91's Credit Lifecycle Consistency Framework calls for facility-specific treatment of Credit Line on UPI transactions and continuing credit events. Credit limits, outstanding balances, repayments, refunds, reversals and EMI conversions should be accurately connected to the relevant customer account and applied according to the underlying facility's terms. Bank policy, customer consent, transaction controls and portfolio actions should remain aligned. Customer-facing applications, statements and alerts should consistently reflect available credit, outstanding obligations and repayment schedules, while disputes and manual corrections follow documented, reviewable processes.

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XLRI Successfully Completes Summer Internship Placements 2025

November 11, 2025

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November 11 , 2025, Jamshedpur: XLRI – Xavier School of Management has successfully completed the Summer Internship Placement (SIP) process for the batch of 2025–27 across its flagship two-year programs — Postgraduate Diploma in Human Resource Management (PGDM-HRM), Postgraduate Diploma in Business Management (PGDM-BM), and Postgraduate Diploma in Logistics and Supply Chain Management (PGDM-LSCM). A total of 583 students from both the Jamshedpur and Delhi-NCR campuses participated in the process and secured 584 offers from 114 leading organizations, including 28 new recruiters. Offers were spread across key domains such as Consulting, Finance, Sales & Marketing, General Management, Product Management, Operations, Systems/IT, and Human Resources.

The institution recorded an average stipend of INR 1.6 lakhs per month and a median of INR 1.55 lakhs per month, while the highest stipend stood at INR 3.50 lakhs per month, offered from the BFSI sector. The average stipend for the top 5%, 10%, and 25% of the batch stood at INR 2.49 LPM, INR 2.40 LPM, and INR 2.23 LPM, respectively. Notably, 38% of the batch secured stipends above INR 2 LPM, 62% above INR 1.5 LPM, and 81% above INR 1 LPM.

Speaking on the occasion, Dr. (Fr.) Sebastian George S.J., Director, XLRI Jamshedpur, said: “The successful completion of the Summer Internship Process 2025 marks yet another milestone in XLRI’s legacy of excellence and industry trust. This year’s process reflects the institute’s enduring commitment to forming responsible business leaders who excel amidst evolving market dynamics. We are deeply grateful to our recruiting partners for their continued faith in XLRI’s talent and proud of our students whose performance and professionalism uphold the values of integrity, competence, and purpose that define this institution. My heartfelt appreciation also goes to our faculty, staff, and placement committee for their relentless efforts in ensuring yet another remarkable season of placements.” Key Highlights of XLRI SIP 2025 • Median stipend: INR 1.55 LPM; Top 5% average: INR 2.49 LPM; Top 10% average: INR 2.40 LPM.

• Top domains: Management & Advisory Consulting, Sales & Marketing, and General Management.

• Top recruiters: Aditya Birla Group, Accenture Strategy, Amazon, American Express, Bajaj Auto, Boston Consulting Group, Flipkart, HUL, and ITC.

• Highest domestic offer: INR 3.5 LPM by JP Morgan Chase (BFSI).

• New recruiters: 28, including Eternal, Standard Chartered, JioStar, UKG, Pine Labs, Meesho, Deloitte USI, Deutsche Bank IB, Diageo, Valorant Consulting, Philip Morris, Firstclub, and Joveo.

Sectoral Overview : Human Resources: XLRI, widely regarded as Asia’s best institution for Human Resource Management, continued to attract top HR recruiters including Accenture TAP, Asian Paints, Bajaj Auto, Citi, Godrej, HUL, HCCB, ITC, Mahindra, Mondelez, Nestle, Ola, P&G, Pepsico, Reckitt, Reliance, Sun Pharma, TAS, Vedanta, and Zeiss. Roles spanned Compensation & Benefits, Learning & Development, Talent Acquisition, HR Consulting, HR Analytics, and HR Business Partner functions.

Consulting Advisory: The Consulting and Advisory domain accounted for nearly 30% of the batch placements. Leading firms such as Accenture Strategy, Bain, BCG, Deloitte USI, EY Parthenon, KPMG, McKinsey & Company, PwC US, and others participated actively, reaffirming XLRI’s position as a preferred consulting campus.

BFSI: The BFSI sector witnessed strong participation from firms such as Axis Bank, Bajaj Finserv, Barclays, Citi Bank, DE Shaw, Deutsche Bank (Investment Banking), Goldman Sachs, HSBC, ICICI Bank, JPMC, Kotak Mahindra Bank, NIIF, and NPCI, offering roles across Investment Banking, Corporate Banking, Markets, Wealth Management, and Equity Research.

FMCG, Consumer Durables &Pharma: Top companies such as AB InBev, Asian Paints, Coca-Cola, Colgate-Palmolive, Emami, Haleon, HUL, ITC, L’Oréal, Marico, Mondelez, Nestlé, P&G, PepsiCo, Reckitt, Samsung, Sun Pharma, and Tata Consumer Products continued to recruit in large numbers.

Conglomerates: Aditya Birla Group, Godrej Group, JSW, Mahindra, Reliance, Tata Administrative Services, and Vedanta led this cohort.

ITES,E- Commerce & Online Services: The technology and e-commerce sectors featured recruiters like Amazon, American Express, CarDekho, Flipkart, JioStar, Media.net, Samsung, TransUnion CIBIL, and UNext.

Automotive, Heavy Industries & Telecom: New entrants and returning firms included Airtel, AM/NS, Bajaj Auto, BPCL, Carl Zeiss, Michelin, Ola, Renew Power, RPG CEAT, Shell, Suzuki, Tata Steel, and Vodafone Idea.

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

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