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    APEDA Facilitates First Export of 24 MT Frozen French Fries from Uttarakhand to Iraq
    Fourth Edition of National Conference on Responsible Business Conduct (NCRBC) 2026 Concludes in New Delhi
    DRI seizes 15 kg methamphetamine, 4 kg pseudoephedrine, 85 lakh smuggled cigarettes, and 2 drone-dropped Pakistan-made pistols in nationwide operation...
    DRI intensifies crackdown on precious metals smuggling; seizes 15 kg smuggled gold, 20 kg silver and ₹2 crore cash in nationwide operations; 13 ...
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    HDFC Bank profit rises 5 pc to Rs 19,060 cr in Q1
    Indian-origin woman sentenced to 2 years jail over Covid business loan fraud in UK
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    Vizhinjam port to begin full EXIM operations from Aug 18
    Union Minister of Commerce and Industry Shri Piyush Goyal Engages with Leading Finnish Technology and Industrial Companies to Deepen India–Finland P...
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    Pending civil suits, arbitral claims stand abated after resolution plan approved under IBC: SC
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    Office of Economic Adviser to Release Revised Index of Core Industries Series with Base Year 2022–23
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    July 20, 2026
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    Agricultural export facilitation supports frozen potato product market access through trade promotion and state logistics assistance for exporters.
    Agricultural export facilitation supported the first export of frozen French fries from Uttarakhand to Iraq, promoting value-added agricultural exports and processed food market access. APEDA assisted the exporter through international trade exhibitions for buyer engagement and market outreach. Logistics costs affecting landlocked-state exports are being addressed through work on a State Agri Export Policy, including transport assistance provisions to improve competitiveness, strengthen export infrastructure and support participation in export-oriented agricultural supply chains.
    July 20, 2026
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    Responsible business conduct requires credible ESG disclosures, sector-specific reporting, supply-chain due diligence and inclusive MSME participation for sustainable development.
    Responsible business conduct and ESG integration were presented as constitutional and legal obligations connected with environmental protection, social equity, human dignity and sustainable development. ESG was discussed as extending beyond compliance to support resilience, risk management and sustainable innovation. Key priorities included credible, comparable and reliable disclosures; sector-specific reporting responsive to materiality and data gaps; responsible value-chain due diligence; MSME capacity-building; technology-enabled traceability; credible assurance; and rigorous, comparable environmental metrics. Capacity-building, policy research and partnerships were identified as important to advancing inclusive ESG adoption.
    July 20, 2026
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    Intelligence-led anti-smuggling enforcement disrupts narcotics, illicit tobacco and cross-border arms trafficking through coordinated seizures and arrests.
    Intelligence-led operations addressed narcotics smuggling, illicit tobacco trade and cross-border arms trafficking. Methamphetamine allegedly smuggled from Myanmar and pseudoephedrine intended for illegal export were seized, with arrests made under the NDPS Act, 1985. An import container falsely declared as carrying plastic storage boxes contained smuggled foreign-made cigarettes. Drone-dropped parcels containing Pakistan-made pistols were recovered near the international border and handed to jurisdictional police for action under the Arms Act, 1959.
    July 20, 2026
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    Precious-metals smuggling enforcement targets concealed gold transport, illicit sale proceeds and airport insider facilitation networks.
    Organised precious-metals smuggling was targeted through intelligence-led operations involving seizures of foreign-origin gold, silver and cash believed to represent sale proceeds, with arrests of persons allegedly connected with possession, transport and facilitation of smuggled goods. The operations addressed concealment in luggage-frame rods, undergarments and specially fabricated vehicle cavities, and included alleged airport-staff assistance in clandestinely removing smuggled gold during passenger transit.
    July 20, 2026
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    India-EU economic cooperation advances through FTA implementation, investment facilitation, digital partnerships, manufacturing collaboration and market-access discussions across Europe.
    India advanced economic engagement with European partners through discussions on trade, investment, technology cooperation, manufacturing, digital infrastructure and market access. The engagements emphasised early signing and implementation of the India-EU Free Trade Agreement, investment protection, geographical indications, regulatory cooperation and professional mobility. Cooperation initiatives included digital payments interoperability, artificial intelligence, advanced manufacturing, clean energy, cybersecurity, fintech, telecom, research and supply-chain resilience. European businesses were encouraged to establish India as a manufacturing, innovation and export hub, including through opportunities for MSMEs, startups and future-oriented sectors.
    July 19, 2026
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    Russian oil purchase tariffs would target major buyers and sanctions-evasion facilitators, with specified energy, nuclear and cooperation exemptions.
    Proposed United States legislation on Russian sanctions would impose tariffs on imports from countries identified as major purchasers of Russian crude oil or natural gas or leading facilitators of Russian oil-sanctions evasion. It provides for periodic reassessment and tariff adjustment based on purchasing behaviour, while exempting specified reduced natural-gas imports, United States uranium purchases for nuclear and medical needs, and certain nuclear and space cooperation. The revised proposal also addresses sanctions-evasion fleets and Chinese support for Russia's defence industrial base.
    July 18, 2026
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    Corporate governance and asset quality improvements accompany stronger banking profitability amid continuing leadership reappointment considerations.
    Banking-sector performance reporting records higher profitability, improved asset quality and lower provisions for bad loans, although operating profit declined and capital adequacy moderated. Corporate governance developments include appointment of a part-time chairman following the former chairman's resignation and concerns about internal practices. The chairman's prior financial-services role was associated with actions against shell companies and ponzi schemes targeting black-money structures. Reappointment of the managing director and chief executive officer remains subject to committee consideration.
    July 18, 2026
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    Covid business loan fraud involved inflated turnover, duplicate applications, personal diversion, and criminal sentencing with recovery action.
    Covid business loan fraud involved false Bounce Back Loan applications based on inflated turnover, duplicate claims, and false declarations that funds would be used solely for business purposes. The loan proceeds were diverted to personal accounts for personal debts, personal finance, stocks and shares, and transfers between company accounts. The borrower pleaded guilty to fraud offences, received a custodial sentence, and faces recovery proceedings for the fraudulently obtained funds under the Proceeds of Crime Act 2002.
    July 18, 2026
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    Onion export infrastructure: growers seek a Nashik export hub, dedicated terminal and logistics link to global markets.
    Onion growers seek development of Nashik as a National Onion Export Hub linked to the proposed agricultural market near Vadhvan port. The proposed framework includes an onion export terminal, grading, sorting, packing, quality testing and customs-clearance facilities, and rail, container and cold-chain logistics. Additional requests include a stable national onion export policy, support for processing industries, direct farmer producer organisation participation in exports, an export promotion cell, and a training, research and export-guidance centre.
    July 18, 2026
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    EXIM operations at Vizhinjam will establish an international cargo gateway while retaining open-access common-user port services.
    Full export-import (EXIM) operations at Vizhinjam International Seaport are scheduled to commence from August 18, transitioning the port from a transshipment hub into an international cargo gateway. The launch is intended to reduce logistics costs, improve supply-chain efficiency, enhance export competitiveness, and support investment and employment. The port will continue as an open-access, common-user facility serving shipping companies on an equal basis.
    July 18, 2026
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    India-Finland technology cooperation expands across digital infrastructure, sustainable manufacturing, research partnerships, investment, and emerging industrial technologies.
    India-Finland cooperation was advanced through discussions on telecommunications, digital infrastructure, electronics manufacturing, research and development, innovation, clean technologies, advanced materials, and technology transfer. Further priorities included smart urban infrastructure, sustainable construction, advanced manufacturing, localisation, industrial machinery, clean industrial solutions, and investment. The engagements also explored EV charging infrastructure and reinforced business-to-business linkages for long-term cooperation in technology, sustainable manufacturing, research, and investment.
    July 18, 2026
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    Alternative oil export routes aim to reduce Iraq's reliance on the Strait of Hormuz through pipeline investment and regional transit.
    Alternative oil export routes from Iraq are being pursued through agreements to develop pipeline capacity that can reduce reliance on the Strait of Hormuz. Planned pipelines would support larger-scale exports through Syria and Turkey and strengthen energy-security options amid disrupted maritime shipments. Their timing and viability remain uncertain because cross-border construction requires substantial development and coordination. Existing overland shipments through Syria offer a temporary, but less efficient and more costly, route to European markets. Iraq has emphasised its preference for long-term investment partnerships over project-based contracting.
    July 17, 2026
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    Consolidated fraud investigation requires specialised inquiry where an investor complaint forms part of an alleged shell-company network.
    A fraud investigation concerning an alleged real-estate investment scheme was transferred to the Serious Fraud Investigation Office because the named company was stated to be part of a wider alleged shell-company network already under its examination. The FIR was not quashed, as the complainant's individual transaction had not been investigated. A single specialised inquiry was considered necessary to prevent fragmented or conflicting investigations into an allegedly indivisible fraud scheme.
    July 17, 2026
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    Foreign exchange market movement strengthens the rupee as equity gains and possible central-bank support offset oil-price pressure.
    Foreign exchange market movement saw the rupee appreciate against the US dollar, supported by positive domestic equity-market performance, lower US Treasury yields and reported possible central-bank intervention. Elevated West Asia tensions, higher global crude-oil prices and cautious foreign investment flows continued to pressure the currency. Market attention remained focused on global developments, crude-oil movements and foreign institutional investment activity, alongside an increase in foreign-exchange reserves.
    July 17, 2026
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    E-commerce export promotion supports Madhya Pradesh businesses through global marketplace access, exporter readiness, and a cross-border export roadmap.
    A memorandum of understanding supports Madhya Pradesh businesses, including MSMEs, entrepreneurs, direct-to-consumer brands, manufacturers, weavers, artisans and producers, in accessing international customers through the Amazon Global Selling programme. The collaboration will improve e-commerce export awareness, exporter readiness and knowledge sharing, while developing a state export roadmap with policy and infrastructure recommendations. It will also identify interventions relating to logistics, access to finance, payment reconciliation and regulatory enablers for cross-border exports.
    July 17, 2026
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    Russian oil purchase tariffs and tighter visa oversight reshape trade exposure and immigration compliance for foreign nationals.
    Proposed trade tariffs on purchases of Russian oil would target specified countries, including India and China, while exempting European purchasers of Russian gas. Separately, tighter United States visa regulations for international students, exchange visitors and journalists would end a long-standing arrangement allowing indefinite residence without government oversight. The reported changes may materially affect foreign nationals, including Indian nationals, through differentiated trade treatment and enhanced immigration compliance requirements.
    July 17, 2026
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    Clean slate doctrine extinguishes uncrystallised operational claims and pending proceedings once an approved insolvency resolution plan becomes binding.
    The clean slate doctrine under the Insolvency and Bankruptcy Code is described as abating or extinguishing pending civil suits and arbitration involving pre-insolvency operational claims that had not crystallised into determinable and quantifiable amounts before resolution-plan approval. Claims must be submitted to and determined by the resolution professional, and only crystallised claims incorporated in the approved plan remain payable under its prescribed treatment. Once final, the creditor list and approved plan bind all stakeholders.
    July 17, 2026
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    Foreign exchange reserves rose as foreign currency assets, gold, Special Drawing Rights and IMF reserve position increased.
    Foreign exchange reserves increased during the reporting week, principally because foreign currency assets rose. Reserve components include foreign currency assets, gold reserves, Special Drawing Rights and the reserve position with the International Monetary Fund. Foreign currency assets, expressed in dollar terms, reflect valuation effects arising from movements in non-US currencies held in the reserves. Gold reserves, Special Drawing Rights and the reserve position with the International Monetary Fund also increased.
    July 17, 2026
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    Rupee exchange-rate movement stabilised after possible central bank intervention, while oil prices and foreign fund flows sustained pressure.
    The rupee strengthened against the US dollar following four declining sessions, reportedly amid possible Reserve Bank of India intervention. Elevated West Asia tensions, higher crude-oil prices and cautious foreign fund flows continued to weigh on the currency, despite consolidation in the absence of major domestic triggers. Market participants were expected to monitor global developments, crude-oil movements and foreign institutional investor activity for the next directional move.
    July 17, 2026
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    Revised Index of Core Industries adopts a new base year, adds Iron Ore, and aligns production measurement methodology.
    The revised Index of Core Industries adopts 2022-23 as its base year and replaces the 2011-12 series. Its weights are derived from the 2022-23 Index of Industrial Production and redistributed pro rata to total 100. Iron Ore is added as a core industry, expanding the basket to nine industries. The Steel Index will use gross production data for consistency with the Index of Industrial Production. In the Coal sector, only Raw Coal is retained; Coal Middlings and Washed Coal are excluded to prevent double counting.

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      Masters’ Union B-School records INR 33.39 LPA average for 2025 Batch; includes 30 international placements & 4 offers above INR 1 crore

      November 27, 2025

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      Audited Placement Report confirms 30 international offers exceeding the combined tally of IIM A, B and C; with INR 64 LPA international average • Average Annual Compensation for the Top 25% stands at INR 54.80 LPA, highest being INR 1.28Cr • The cohort secured 4 INR 1-crore+ roles, marking one of the highest tallies among Indian business schools • 30+ students from the cohort launched their own startups reporting INR 4.32 crore in projected annualised recurring revenue (ARR) • Notable ventures include Cryptique, Obvious AI, Mom’s Mixes, Monarque, BanaRoma, Guardex and Saaha India • The placement report has been audited by B2K Analytics (formerly Brickworks Analytics), an auditor for IIM Ahmedabad's placement report as well New Delhi, November 26, 2025: Masters’ Union, one of India’s leading business and technology schools released its audited Placement Report for the Post Graduate Programme in Technology & Business Management (PGPTBM) Cohort of 2025, reporting its strongest outcomes to date. The highest annual compensation touched INR 1.28 crore, with 4 students breaching the INR 1 crore annual compensation mark. The cohort’s INR 33.39 LPA average (median of INR 27.78 LPA) places Masters’ Union among the highest across Tier-1 Indian business schools this year with the school also securing 30 international offers, exceeding the combined international offer count at Top IIMs. Students received 1.42 offers on average, reflecting strong hiring momentum across sectors. The top quartile of the cohort reported an average of INR 54.80 LPA, underscoring depth in compensation outcomes. A total of 64 campus drives were conducted this year, with 55 new recruiters - including Meta, Careem, DP World, Sirius International Holdings, Citibank, Flipkart, Mobikwik, Abdul Latif Jameel, IndusInd Bank, KPMG India, Reliance Infrastructure, Alvarez & Marsal, Accenture, and Kotak, extending offers to Masters’ Union students. This year also marked a significant expansion in global hiring. The 30 international offers spanned the USA, Canada, UAE, and KSA, with an international average of INR 64 LPA. Recruiters included Meta (US), Commvault (US), Careem (UAE), DP World (Dubai), Sirius Holdings International (Abu Dhabi), and Abdul Latif Jameel (Saudi Arabia), alongside multinational groups in mobility, fintech and logistics. The school’s first overseas campus drive at Sirius Holdings International in Abu Dhabi deepened access to roles across the Gulf region. On the domestic front, compensation outcomes remained strong, with a domestic average of INR 30.72 LPA, indicating consistency across roles and sectors. Hiring spanned consulting, product management, banking and financial services, consumer tech, venture capital, and Founder’s Office positions across high-growth companies. A total of 23 students stepped into strategic leadership-track roles across Founder’s Office, Chief of Staff, and Entrepreneur-in-Residence portfolios, including 11 placed as Chief of Staff. More than 90% of students accepted full-time offers before the penultimate term, highlighting early and sustained recruiter demand. Manoj Kohli, Chairman to the Board at Masters’ Union, said: “For a five-year-old business school to surpass institutions like IIM Ahmedabad in key employment outcomes, especially global placement opportunities, is a signal of a structural shift in how industry perceives talent. This year, the number of international offers generated even surpassed those of IIM Ahmedabad, Bangalore, and Calcutta combined, a milestone that reflects the confidence global employers place in our model. Our practitioner-led approach enables students to build, experiment, and solve real problems. This year’s results from the INR 1.28 crore annual compensation to unprecedented international mobility and entrepreneurial outcomes reinforce that India is ready for a new kind of B-school, one built for the future of work.” Pratham Mittal, Founder, Masters’ Union, said: “This year, Masters’ Union has continued to raise the bar, securing memberships in AACSB, EFMD Global and the BSIS Label, and expanding our venture ecosystem alongside our global footprint. Our students stepped into some of the most strategic roles in India and abroad, from Founder’s Office to Chief of Staff. Quick Commerce companies alone extended 39 offers, while dropshipping revenues crossed INR 3.38 crore. As we look ahead, our ambition is clear: attract more AI-focused companies, enable 30% of our students to become job creators, and position Masters’ Union among the Top 10 global B-schools by 2030.” Abhishek Kaul, Director, Masters’ Union, added: “Our global presence reached new heights this year, with 30 international offers across key economic corridors including the Middle East, Europe, and North America. The highest annual compensation touched INR 1.28 crore, marking one of the strongest results in our institution’s history. What excites us most is the quality of opportunities our students are stepping into leadership-track roles in strategy, AI, digital transformation, and venture building across global hubs. These outcomes reaffirm our commitment to shaping business-ready talent for a rapidly evolving world economy.” Entrepreneurship remained a core pillar of the Masters’ Union experience this year, with 35+ students launching their own startups. Supported by the Masters’ Union Investment Fund, ventures received INR 1.36 crore in grants, achieved INR 4.32 crore in projected annualised recurring revenue, and delivered an impressive 7.3 capital efficiency. With 4,500+ personalised mentorship hours and student ventures reaching the advanced stages of Shark Tank India, including finalist pitches, the entrepreneurial ecosystem continued to gain momentum. Notable grant-backed ventures included Cryptique, Obvious AI, Mom’s Mixes, Monarque, BanaRoma, Guardex, Saaha India, Spawn Right, Flourish, Pixel School of Fashion, AKARA, Truebrands India, NutriZen (Yango) and Bambaii Foods. Note to the Editor: The placement report has been audited by B2K Analytics (formerly Brickworks Analytics), an auditor for IIM Ahmedabad's placement report as well. To download the full audited Placement Report for the Cohort of 2025, click here About Masters’ Union: Masters’ Union is a premium tech & business school based in the corporate district of Gurugram. It was founded in 2020 with the philosophy of hands-on learning where students learn by doing. The leadership behind Masters’ Union consists of graduates from Stanford, Wharton, and IITs and IIMs. Unlike traditional colleges, the faculty at Masters’ Union comprises MDs, CXOs and AI Experts from companies such as Amazon, Apple, IBM, McKinsey, PwC, and KPMG. Additionally, the Institute also brings in faculty from the world’s top-ranked universities such as Oxford & Harvard. Visit https://mastersunion.org/ (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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