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    CBN dismantles inter-state counterfeit drug network in Bihar under Operation Vajra; mastermind arrested
    DRI seizes quantities of gold; drugs, e-cigarettes and other contraband in pan-India Ops; 20 persons, including 5 foreign nationals, arrested
    Union Government releases tax devolution of ₹1,09,019 crore to State Governments, as one advance instalment to accelerate their capital and deve...
    Raymond Lifestyle Limited Delivered a stable Q1 FY27 Performance
    Rupee rises 31 paise to 95.12 against US dollar in early trade
    Customs seizes 8 kg gold worth over Rs 11 cr at Kerala airports in one week
    Drill, Baby, Drill: India to fund Rs 650 cr per well for 60 deepsea wells to break its oil import habit
    Punjab GST revenue rises 20 pc to Rs 10,447 crore in April-July: Cheema
    India-China trade through Shipli La resumes after six years
    Odisha's export can reach USD 50 billion by FY 2029-30: Study
    Andhra records 21 per cent growth in net GST collections till July
    J&K crime branch chargesheets accused in separate bank, insurance fraud cases
    MCD-facilitated PM Vishwakarma Scheme enrols over 41,000 artisans in Delhi
    Gross GST mop-up grows 15.4 pc to over Rs 2.11 lakh cr in July on higher imports, sales
    Gross and Net GST revenue collections for the month of July, 2026
    India and Rwanda Hold First Joint Trade Committee Meeting to Deepen Bilateral Trade and Investment Cooperation
    West Bengal GST collection rises 2 pc in July to Rs 5,564 crore
    Gross GST collection kitty swells 15.4 pc to over Rs 2.11 lakh cr in July
    RBI says USD 40.82 bn mobilised under forex swap facility till Jul 31
    Sebi bars ZEEL for 2 months, Subhash Chandra, Punit Goenka for 1 year in Hyderabad land pledge case
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    August 3, 2026
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    Counterfeit drug enforcement targets illicit manufacture, storage and trafficking networks, with coordinated seizures and referral of non-narcotic stock.
    Counterfeit-drug enforcement under Operation Vajra addressed an inter-state network involved in the illicit manufacture, storage and distribution of narcotic drugs, psychotropic substances and spurious pharmaceutical products. Searches of unregistered godowns recovered narcotic products, unauthorisedly manufactured Buprenorphine injection ampoules, and counterfeit non-NDPS medicines. A farmhouse-based illicit manufacturing facility was dismantled, with machinery, chemicals and related materials seized under the NDPS Act, 1985.
    August 3, 2026
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    Anti-smuggling enforcement targets concealed gold, narcotics, protected products, prohibited e-cigarettes and restricted imports through coordinated intelligence operations.
    Intelligence-led anti-smuggling operations resulted in seizures of foreign-origin gold, narcotic drugs, hydroponic weed, protected wildlife and forest products, prohibited electronic cigarettes, and restricted poppy seeds and areca nuts. The operations identified concealment through fabricated baggage cavities, false cargo declarations, misdeclaration of origin, forged documentation, and concealment in transport vehicles. Poppy seeds are restricted under the Foreign Trade Policy and may be imported only subject to conditions concerning legally cultivated produce from designated countries and registration of import contracts with the Narcotics Commissioner.
    August 3, 2026
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    Tax devolution advance instalment strengthens State finances for accelerated capital and developmental expenditure through distribution of Union tax proceeds.
    Tax devolution was released to State Governments as an additional advance instalment alongside the normal monthly devolution schedule. The fiscal transfer shares net proceeds of Union taxes and duties with States, with the stated purpose of strengthening State finances and supporting accelerated capital and developmental expenditure. The release includes a State-wise distribution of tax-devolution proceeds.
    August 3, 2026
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    Financial performance reporting highlights revenue and EBITDA growth, garmenting recovery, retail optimisation, ESG commitments, and forward-looking risk disclosures.
    Financial performance reflects growth in total income and EBITDA, with improved margin, reduced net working-capital days, and a net-cash position. Branded textiles and high-value cotton shirting reported lower revenue due to the prior-year base effect, while branded apparel grew but faced lower margin from channel mix. Garmenting improved through order-book execution, tariff rationalisation, and new global clients. ESG priorities include female representation, waste-management initiatives, renewable energy, emissions reduction, and workplace safety. Forward-looking statements remain subject to regulatory, political, economic, and technological risks.
    August 3, 2026
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    Foreign exchange market support strengthens the rupee as lower crude prices, portfolio inflows and reserve growth improve sentiment.
    Foreign exchange market conditions supported an early appreciation of the rupee against the US dollar, attributed to lower global crude oil prices, a weaker dollar, sustained foreign portfolio inflows, higher foreign exchange reserves, and Reserve Bank of India presence in the foreign exchange market. Domestic equity market gains and net foreign institutional equity purchases were also identified as supporting factors.
    August 2, 2026
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    Gold smuggling detection targets sophisticated concealment methods through strengthened passenger profiling, intelligence gathering and coordinated investigations into organised networks.
    Gold smuggling detection at Kerala airports led to multiple seizures, registration of cases and arrests in alleged smuggling attempts. Organised networks reportedly use gold in paste or compound forms concealed in clothing, body cavities, aircraft seats and other unconventional locations. Enforcement measures include strengthened passenger profiling, intelligence gathering and inter-agency coordination, while investigations continue to identify associated syndicates and financiers.
    August 2, 2026
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    Offshore exploration funding supports deepwater drilling, shared infrastructure and seismic data to strengthen domestic hydrocarbon production potential.
    The Samudra Manthan National Offshore Exploration Scheme provides direct budgetary support for high-risk deepwater and ultra-deepwater exploratory drilling, subject to cost-sharing and per-well limits. Support is available to eligible operators holding or securing exploration acreage. The scheme also funds offshore data acquisition and shared subsea, receipt and processing infrastructure through a Common Hub Infrastructure model. It is intended to promote risk exploration, improve commercialisation of offshore discoveries and strengthen domestic hydrocarbon production potential within the existing exploration and licensing framework.
    August 1, 2026
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    GST compliance enforcement combines taxpayer refunds, analytics-based fraud detection, cancellation of fake registrations, and recovery of outstanding VAT arrears.
    Punjab attributed increased GST collections to voluntary compliance, intelligence-based enforcement and technology-driven tax administration, while facilitating compliant taxpayers through timely GST refunds. Data analytics, risk profiling and field verification were used to identify tax evasion, bogus billing, fake input tax credit networks and misuse of the GST registration framework. Measures included penalties, cancellation of fraudulent registrations and recovery of long-pending VAT arrears through attachment and auction of defaulters' properties.
    August 1, 2026
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    Cross-border barter trade resumes through Shipki La, subject to permitted goods, time limits, and import-export compliance requirements.
    Cross-border barter trade through Shipki La between India and Tibet resumed after a six-year interruption. Traders may exchange specified goods under a barter arrangement and must return within 72 hours. Traders are required to comply strictly with import-export regulations prescribed by the Union Ministry of Commerce, emphasising transparency and regulatory compliance. Expansion of permitted goods may be pursued through prescribed governmental and external-affairs channels.
    August 1, 2026
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    Export growth projections outline pathways for Odisha to expand merchandise trade through export diversification, MSME support and financing initiatives.
    Export growth projections for Odisha set out base, optimistic and ambitious scenarios through FY 2029-30, based respectively on historical growth, envisaged national export growth, and a larger share of national exports. Odisha's export basket remains concentrated in metals and minerals, led by aluminium products, with China as the principal export destination. Odisha Vision 2047 identifies exports, including MSME contributions, as an economic transformation driver, while export-financing and risk-mitigation initiatives aim to address financing gaps for exporters and MSMEs.
    August 1, 2026
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    GST compliance enforcement through AI analytics supported sustained net GST collection growth despite rate rationalisation reforms and reduced compliance costs.
    GST revenue mobilisation in Andhra Pradesh showed year-on-year growth in net GST and total commercial tax collections through July 2026, despite rate-rationalisation reforms. Revenue growth was attributed to AI-based scrutiny and analytics, machine-learning risk scoring, AI-driven IGST reversals, UPI-based enforcement analytics, data sharing, predictive analytics, registration verification, and Aadhaar-integrated expansion of the professional-tax base. These measures were stated to strengthen compliance, curb wrongful input tax credit claims, broaden taxpayer coverage, and improve revenue mobilisation.
    August 1, 2026
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    Economic-offences fraud chargesheets address alleged fictitious loans, forged insurance surrender papers, and diversion of bank and policy funds.
    Economic-offences chargesheets were filed in separate alleged bank and insurance fraud matters. The bank investigation alleged fictitious loan sanctions and overdrafts beyond delegated authority, involving cheating, forgery, use of forged documents and criminal conspiracy. The insurance investigation alleged that duplicate policy records and forged surrender documents were used to open a fraudulent account in a policyholder's name and divert policy proceeds. Records, witness statements, documentary evidence and forensic examination were cited in support of the allegations.
    August 1, 2026
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    PM Vishwakarma Scheme implementation expands artisan enrolment, skills, credit, e-commerce access and export facilitation while addressing documentation barriers.
    PM Vishwakarma Scheme implementation in Delhi facilitated artisan enrolment, application processing, skill training, toolkit distribution, loan access, e-commerce onboarding and export-related support. Awareness workshops and tele-calling campaigns were used to promote participation and follow up on benefits. Key implementation challenges concerned outreach to informal clusters, digital literacy, delays in Aadhaar and IEC documentation, and additional support for Divyang artisans. Planned action includes expanding workshops, scaling e-commerce onboarding, strengthening export facilitation and coordination with implementing agencies.
    August 1, 2026
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    Goods and Services Tax collections rise on domestic consumption and imports, while elevated import revenue prompts assessment of underlying drivers.
    Goods and Services Tax collections for July increased over the corresponding prior-year period, supported by domestic sales and imports. Gross receipts included Central GST, State GST and Integrated GST, with net GST revenue calculated after adjusting refunds. For the April-July period, gross and net collections also increased. Commentary linked domestic GST growth to consumption, formalisation and industrial activity, while identifying elevated import GST collections as an area requiring assessment of import composition, currency effects and volumes.
    August 1, 2026
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    GST revenue collections show provisional gross, refund and net revenue trends, with State-wise settlement and domestic collection data.
    GST revenue collections for July 2026 are reported provisionally through gross domestic and import revenue, domestic and export-related refunds, and net GST revenue after refunds. The data also sets out SGST collections and the SGST share of IGST settled to States and Union Territories, both monthly and cumulatively. State-wise domestic GST growth excludes GST on imported goods, while jurisdiction-wise data allocates collections between central and State formations and identifies CGST, SGST and IGST components.
    August 1, 2026
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    Bilateral trade cooperation expands through a Joint Trade Committee covering investment, critical minerals, healthcare, digital technologies and market access.
    Bilateral trade and investment cooperation between India and Rwanda is to be advanced through a structured Joint Trade Committee mechanism for reviewing commerce, diversifying trade, promoting investment, facilitating business engagement and addressing market-access and logistical issues. Priority cooperation includes critical minerals, pharmaceuticals and healthcare, agriculture and agro-processing, standards harmonisation, digital public infrastructure, fintech, cybersecurity, green mobility and renewable energy. Investment focal points will support engagement, while capacity-building assistance and close monitoring of the Agreed Minutes are intended to support time-bound implementation.
    August 1, 2026
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    GST collection growth in West Bengal continued year-on-year in July but remained below the national growth trend.
    West Bengal's July GST collection increased year-on-year and over the preceding month, marking a second consecutive month of annual growth. Official data also indicated that the State's annual growth rate was below the national trend, while gross domestic GST revenue excluding imports and overall gross GST collections including import-related taxes rose nationally during July.
    August 1, 2026
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    GST collection growth reflects higher revenue mobilisation from domestic transactions and imports, with refunds adjusted in net revenue.
    Goods and Services Tax collections increased in July, driven by higher revenue from domestic transactions and imports. The gross collection comprised Central GST, State GST and Integrated GST components. Refunds also increased during the month, and net GST revenue was determined after adjustment of refund outflows from gross tax receipts.
    August 1, 2026
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    Concessional foreign-exchange swaps encourage bank deposits and foreign borrowings to strengthen balance-of-payments resilience and foreign-exchange liquidity.
    The Reserve Bank of India introduced a concessional foreign-exchange swap facility to encourage foreign-currency inflows, strengthen the balance of payments and support foreign-exchange liquidity. The facility applies to fresh Foreign Currency Non-Resident (Bank) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings. Foreign Currency Non-Resident (Bank) deposits constitute the principal source of inflows mobilised under the arrangement. The facility is available for specified time-bound periods, with a later availability period for Overseas Foreign Currency Borrowings and External Commercial Borrowings.
    August 1, 2026
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    Unauthorised pledge of listed-company land triggered securities-market bars for disclosure failures and misuse of management authority.
    Unauthorised pledge of ZEEL's Hyderabad land as security for loans obtained by promoter-linked entities was treated as a related-party transaction lacking prior audit committee approval. ZEEL failed to disclose the land's deployment in its financial statements. Its Chairman Emeritus was stated to have transferred title deeds by falsely representing management approval and to have concealed the transaction's nature. Securities-market prohibitions and monetary penalties were imposed with immediate effect.

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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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