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    Bangladesh orders reduced govt spending amid economic vulnerability
    TCS Q1 net profit rises 4.61 pc, bags new deals worth USD 9.5 bn
    Quality Council of India and National Small Industries Corporation Sign MoU to Strengthen Quality, Competitiveness and Market Access for MSMEs
    Insurance Division, DFS Secures 2nd Rank in Group A Category Grievance Redressal Assessment & Index (GRAI) for May 2026
    Merger of banks does not shield tenant from eviction under Delhi Rent Control Act: SC
    Gurugram realty fraud: Delhi court says ED summons to foreign-based son of accused invalid
    TCS Q1 net profit rises 4.61 pc to Rs 13,349 cr
    Government of India Notifies Polymatech Electronics' Semiconductor and Electronic Components SEZ at Nava Raipur, Chhattisgarh
    Rupee rises 7 paise to settle at 95.41 against US dollar
    IICA inaugurates it's Second Batch of Flagship Arbitration Program
    India says US approach to forced labour tariffs inconsistent; exempts 1,600 items it needs
    Union minister asks Odisha to tap fisheries export potential, strengthen value chain
    Chhattisgarh cabinet clears Ease of Doing Business bill
    Congress leader Ramgopal Agrawal detained by Chhattisgarh EOW in coal levy 'scam'
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    ED freezes TMC's Rs 440-cr worth bank deposits under PMLA, party calls act illegal
    India, Maldives conclude talks for investment treaty; legal scrubbing of text on
    NICDC's Logistics Arm NLDSL and Government of Punjab Sign MoU to Strengthen Digital Logistics Ecosystem
    Gong Opens in Bandra as Speciality Restaurants Limited Unveils Its New-Age Pan Asian Flagship in Mumbai
    Taurian MPS Targets 50%+ Revenue CAGR Over the Next Three Years, Backed by Export Expansion, Higher-Margin Growth, Improving Working Capital and an Rs...
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    July 9, 2026
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    Government spending restraint curbs public expenditure and travel as inflation and growth pressures test macroeconomic stability.
    Bangladesh has introduced austerity measures to restrain government expenditure amid persistent inflation, slower growth and pressure on the banking system. The restrictions cover cuts in public spending, procurement of motor vehicles, air and water craft, and foreign travel by officials. The directive applies across ministries, agencies, autonomous bodies, state-owned enterprises, statutory organisations, public sector corporations, state-owned companies and financial institutions to ensure prudent use of limited public resources and support macroeconomic stability.
    July 9, 2026
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    AI-led transformation and strong deal wins drive TCS quarterly growth despite margin pressure and mixed geographic performance.
    TCS reported higher quarterly net profit, revenue and net income for the June 2026 quarter, while operating margin declined due to wage hikes and fresh investments. The company said growth was supported by demand for AI-led transformation, modernisation, cybersecurity, sovereign cloud and platform simplification, and disclosed new deals with a total contract value of USD 9.5 billion, including a major AI-led transformation engagement.
    July 9, 2026
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    MSME quality and market access get a boost through a joint certification, accreditation and digital commerce framework.
    Quality Council of India and National Small Industries Corporation Limited entered into a Memorandum of Understanding to strengthen quality, competitiveness and market access for Micro, Small and Medium Enterprises through a unified support framework. The collaboration integrates ZED Certification, MSME Global Mart, the TEAM Initiative and the Single Point Registration Scheme to expand digital commerce access, export promotion, testing and accreditation support, and capacity-building for MSMEs and training institutions. A Joint Coordination Committee will oversee implementation during the five-year tenure of the MoU.
    July 9, 2026
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    Grievance redressal performance improves as financial services divisions rank high and expand complaint review and transparency measures.
    The Department of Financial Services has remained among the top 10 ministries and departments in grievance redressal rankings, with the Insurance Division securing 2nd rank in Group A for May 2026 and the Banking Division ranking 6th. The Department is also conducting direct review of selected grievances and workshops on an effective grievance redressal framework to improve complaint resolution, transparency, and customer trust.
    July 9, 2026
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    Landlord consent requirement prevails over bank amalgamation in eviction disputes under rent control law.
    Amalgamation of a tenant bank with another bank does not displace the requirement of written consent of the landlord under the Delhi Rent Control Act where the tenant has been assigned or has parted with possession of the premises. A banking scheme of amalgamation cannot override the rent control protection against subletting, assignment, or parting with possession without consent, and an involuntary merger does not confer immunity from the landlord-consent requirement.
    July 9, 2026
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    Valid service of summons on a foreign national requires due process, not deemed service at a relative's address.
    Service of summons at an accused person's residence in India cannot be treated as valid or deemed service on his son who is a foreign national, is not an accused in the predicate offence or the money-laundering case, and has not resided at that address since 2017. The Enforcement Directorate was required to follow the procedure prescribed by law for serving a person living abroad, and service at the applicant's address was non est in law.
    July 9, 2026
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    Quarterly profit growth at TCS reflects rising revenues, stronger net income and continued employee expansion despite headwinds.
    TCS reported a rise in quarterly net profit for the June 2026 quarter, with net profit, net income and revenues all showing year-on-year growth. The company also recorded a sequential increase in revenue from the previous quarter and added over 9,200 employees during the three-month period ending 30 June 2026.
    July 9, 2026
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    Special Economic Zone notification formalises semiconductor manufacturing and customs framework for export-oriented operations in Chhattisgarh.
    The Government of India has notified a Special Economic Zone for the manufacture of semiconductors and electronic components at Mandir Hasaud, Nava Raipur, Atal Nagar, Chhattisgarh, covering 10.13 hectares comprising specified land parcels. The notification also constitutes the Approval Committee for the SEZ and appoints 6 July 2026 as the date from which the SEZ is to be deemed an Inland Container Depot under the Customs Act, 1962, establishing the customs and logistics framework for export-oriented operations.
    July 9, 2026
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    Rupee appreciation supported by RBI intervention, equity rebound and dollar selling despite crude and geopolitical pressure
    The rupee appreciated modestly against the US dollar, supported by a rebound in domestic equities, dollar sales by state-run lenders and suspected RBI intervention. The currency moved within a narrow range before settling higher than the previous close, even as elevated crude oil prices, a stronger global dollar and heightened West Asia tensions continued to weigh on sentiment.
    July 9, 2026
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    Arbitration training and institutional dispute resolution take centre stage in IICA's expanded certified program.
    The second batch of the Certified Arbitration Program was inaugurated as a flagship initiative aimed at building globally benchmarked arbitration professionals and strengthening institutional arbitration in India. The programme stresses enforceable arbitral awards, fairness of process, a code of conduct and sector-specific expertise as core elements of a robust arbitration ecosystem. It also reflects wider efforts to promote alternative dispute resolution, specialised training and practical arbitration skills through expanded module-based content and workshop-focused learning.
    July 9, 2026
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    Forced labour-linked tariff proposals face Indian criticism over inconsistent exemptions and arbitrary sourcing conditions
    Forced labour-linked tariff proposals under the US trade framework drew Indian criticism for inconsistency, because the proposed approach was said to exempt a large number of items that cannot be produced or grown in the United States while still targeting imports linked to alleged forced labour concerns. India argued that such exemptions dilute the stated policy rationale of addressing forced labour in global supply chains and may not meaningfully prevent circumvention practices. India also objected to the textile-related tariff mechanism, stating that reduced tariff treatment based on the use of US-origin cotton and related inputs operates as an arbitrary sourcing requirement for foreign manufacturers.
    July 8, 2026
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    Fisheries value chain strengthening drives Odisha's export potential through collaboration, processing modernisation and species diversification.
    Strengthening of fisheries value chain and export capacity in Odisha was emphasised through closer collaboration among fishers, fish farmers, exporters and cooperatives, along with coordinated action by the Centre, the State, research institutions, financial institutions and sector stakeholders. The focus was on harnessing the State's untapped export potential by improving production linkages, post-harvest systems and sector-wide organisation. Attention was given to capacity building, modernisation of processing facilities, diversification of fish species and fisheries products, and expansion of deep-sea and brackish water fishing to support higher exports, greater value addition and improved fisher incomes.
    July 8, 2026
    Show AI Summary
    Ease of Doing Business reforms propose time-bound approvals, simpler compliance and faster refunds to improve investor-friendly regulation.
    A draft Ease of Doing Business law proposes time-bound approvals, deemed approvals, self-certification, third-party verification, risk-based inspections and removal of duplicate licensing requirements to reduce procedural hurdles and create a more investor-friendly regulatory environment. The cabinet also approved related industrial investment, payment security and tax reforms, including GST simplification, faster refunds and abolition of the redundant Commercial Tax Tribunal.
    July 8, 2026
    Show AI Summary
    Coal levy probe deepens as Ramgopal Agrawal is detained for questioning in linked corruption cases.
    Congress leader Ramgopal Agrawal was detained by the Chhattisgarh Economic Offences Wing for questioning in the alleged coal levy matter and was also to be interrogated in connection with liquor and rice custom milling-linked cases. The agency said the action was based on documents, digital evidence, a seized diary and other records, and claimed that the diary contained entries of payments made in the name of "Congress Bhavan".
    July 8, 2026
    Show AI Summary
    Anti-money laundering action freezes party bank accounts amid alleged funds misappropriation investigation
    Enforcement action under the Prevention of Money Laundering Act resulted in the freezing of three bank accounts of a political party containing substantial deposits, after searches in an alleged funds misappropriation matter. The action reflects use of the anti-money laundering framework to secure bank deposits linked to the investigation.
    July 8, 2026
    Show AI Summary
    Prevention of Money Laundering Act freezing of political party bank accounts follows alleged fund routing through related entities.
    Freezing of bank deposits under the Prevention of Money Laundering Act arose from an ED investigation into alleged misappropriation and routing of funds through political party bank accounts and related entities. The agency stated that three bank accounts were frozen under Section 17(1A) because the deposits could not practicably be seized and needed to be secured from transfer or further dealing, subject to confirmation by the adjudicating authority. The investigation also concerned transfers to a private aviation group, purchase of aircraft and a helicopter, and alleged payments linked to aircraft usage.
    July 8, 2026
    Show AI Summary
    Bilateral investment treaty and free trade agreement talks advance as India and Maldives fast-track wider economic cooperation.
    India and the Maldives have concluded negotiations for a bilateral investment treaty, with the text undergoing legal scrubbing before signature, while free trade agreement talks are being fast-tracked. The treaty is intended to promote and protect investments in each other's countries, and the trade discussions form part of a broader effort to reduce or eliminate import duties on goods traded between the two countries.
    July 8, 2026
    Show AI Summary
    Digital logistics integration through ULIP aims to improve transparency, efficiency and data-driven coordination in Punjab's supply chain ecosystem.
    NICDC Logistics Data Services Limited and the Government of Punjab entered into a Memorandum of Understanding to support the digital transformation of Punjab's logistics ecosystem through the Unified Logistics Interface Platform. The partnership focuses on seamless exchange of real-time logistics data across departments to improve logistics visibility, operational efficiency, inter-departmental coordination, transparency and data-driven decision-making for industry stakeholders. ULIP is described as a unified digital gateway based on API integration across government systems.
    July 8, 2026
    Show AI Summary
    Premium Pan Asian dining drives Speciality Restaurants Limited's new Gong format with design-led hospitality and scalable growth.
    Speciality Restaurants Limited launched Gong in Bandra as a premium Pan Asian dining concept combining progressive cuisine, immersive interiors and elevated hospitality. The restaurant is positioned as a future-ready format designed for higher average spend per cover, optimised space use and faster table turnover, reflecting the company's focus on innovation-led expansion and experiential dining.
    July 8, 2026
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    Export expansion and working-capital discipline support Taurian MPS's high-growth roadmap and stronger order-book visibility.
    Taurian MPS Limited has outlined a growth strategy centred on achieving a revenue CAGR of over 50% over the next three years through stronger domestic and export order inflows, faster execution, expansion of its international dealer network and improved working-capital efficiency. The company says its current order book of about Rs 83.85 crore provides execution visibility, with domestic orders forming the larger share and export orders contributing the balance. These orders are expected to be executed over the next four to five months, subject to customer advances, final confirmations, site readiness and delivery schedules.

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      Canara HSBC Life Insurance Partners with Canara Bank for 'Come Run Together', A Landmark Community Marathon Promoting Fitness and Unity

      November 21, 2025

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      The marathon encourages community participation by providing a platform for individuals of all ages to come together in an all-inclusive run BANGALORE, India, Nov. 21, 2025 /PRNewswire/ -- Canara HSBC Life Insurance has partnered with Canara Bank as the official Insurance Partner for 'Come Run Together', a marquee community marathon scheduled for 23rd November 2025 at the iconic Sree Kanteerava Stadium, Bangalore. This collaboration underscores a shared commitment to fostering health, wellness, and social cohesion through active living. The event is poised to attract over 10,000 participants, making it one of the most anticipated fitness gatherings in the region. Designed to cater to diverse fitness levels, the marathon offers three distinctive race categories: • 3K Canara Savings Run: A relaxed, family-friendly experience ideal for beginners and those seeking a fun introduction to running. • 5K Canara Premium Run: A balanced challenge for casual runners and fitness enthusiasts looking to push their limits. • 10K Aspire Run: A test of endurance and speed for seasoned athletes aiming for peak performance. Beyond the excitement of the race, 'Come Run Together' is a celebration of community spirit, friendship, and holistic well-being. It reflects a growing movement that encourages individuals to embrace healthier lifestyles while strengthening social bonds. Speaking about the initiative, Soly Thomas, Chief Distribution Officer – Bancassurance, Canara HSBC Life Insurance, said, "The 'Come Run Together' marathon reflects our shared vision of inclusivity, wellness, and unity. We are proud to support this inspiring initiative that encourages healthy living while bringing people closer together. By participating in events like these, we reaffirm our focus on fostering a healthier, more active society." Health and wellness are fundamental to living a fulfilling life. This marathon exemplifies how community-driven fitness initiatives can inspire individuals to make better lifestyle choices. Regular physical activity not only strengthens the body but also enhances mental resilience, helping people manage stress, build confidence, and improve overall quality of life. Just as insurance safeguards the future, adopting healthy habits is an investment in long-term well-being. It reduces health risks, promotes longevity, and enriches every aspect of life. Through this partnership, Canara HSBC Life Insurance reiterates its commitment to empowering individuals to lead healthier, holistic lives. About Canara HSBC Life Insurance: Incorporated in 2007, Canara HSBC Life Insurance Company Limited is a joint venture promoted by Canara Bank (36.5 per cent) and HSBC Insurance (Asia Pacific) Holdings Limited (25.5 per cent). Punjab National Bank is also a shareholder of the Company, holding 13% as an investor, while the remaining 25% is held by other public shareholders and other investors. As a bancassurance-led insurance company with its corporate office at Gurugram, Haryana and more than 100 branch offices as of September 30, 2025, pan India, Canara HSBC Life brings together the trust and market knowledge of public and private banks. For more than 17 years now, Canara HSBC Life Insurance has sold insurance products to customers through multiple channels and a well-diversified network of Canara Bank, HSBC Bank and its other bancassurance partners located in multiple [Tier 1, 2 and 3] cities across the country. Canara HSBC Life Insurance has a vast portfolio of life insurance solutions and offers various products across individual and group spaces comprising of life, term plans, retirement solutions, credit life and employee benefit segments through partner banks and digital. With an aim to provide simpler insurance and faster claim process, Canara HSBC Life Insurance intends to keep the promises of their customers alive with their 'Promises Ka Partner' philosophy. Logo: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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