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    PNB and Andhra Pradesh sign MoU to establish India's first Bank-led Quantum Finance Hub at Amaravati
    Govt allows FDI in inventory-based e-commerce model only for export purposes
    Joint home loans in India - interest rates start at 7.25%* p.a. for salaried applicants
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    July 23, 2026
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    Quantum finance innovation will develop secure, AI-enabled banking solutions through collaborative research, startup incubation, cybersecurity enhancement and workforce development.
    Quantum finance innovation is to be advanced through a memorandum of understanding for establishing the PNB Quantum Finance Hub at Amaravati Quantum Valley. The hub will develop, test and support adoption of secure, intelligent and future-ready banking solutions using Quantum Computing and Artificial Intelligence. It will bring together industry, academia, startups and government agencies for research, innovation, incubation and acceleration of financial technologies, focusing on cybersecurity, fraud detection, operational efficiency, risk management and customer experience.
    July 23, 2026
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    Foreign investment in inventory-based e-commerce is allowed only for exports of Indian-made goods, while domestic retail remains prohibited.
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    Joint Home Loan Eligibility and Shared Repayment Liability Shape Borrowing Capacity, Tax Claims, Documentation, and Exit Planning.
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    July 23, 2026
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    Export competitiveness increasingly depends on regulatory compliance, preferential trade access and diversification into smartphones, medicines, petroleum products and semiconductors.
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    July 23, 2026
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    Foreign investment in inventory-based e-commerce is permitted exclusively for exports of Indian-manufactured or produced goods under export compliance rules.
    Foreign direct investment in inventory-based e-commerce is permitted exclusively for exports of goods or products manufactured or produced in India. Foreign direct investment remains permitted in business-to-business e-commerce and the marketplace model, while business-to-consumer and inventory-based direct sales to consumers remain prohibited except for the specified export activity. Export-oriented inventory-based operations must comply with the applicable Foreign Trade Policy and foreign exchange regulations governing exports.
    July 23, 2026
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    Women's leadership in credit expands through a Chennai community platform supporting mentorship, inclusive lending practices, and financial ecosystem collaboration.
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    Digital personal-loan campaign combines online collateral-free borrowing, eligibility-based assessment, flexible repayment options and conditional lifestyle rewards for successful disbursals.
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    Foreign-exchange market pressure weakened the rupee as elevated crude prices and risk sentiment drove trading conditions.
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    July 23, 2026
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    Homebuyer refund claims in developer insolvency proceed through pro-rata distribution of funds deposited for eligible buyers.
    Homebuyer refund claims connected with demolished residential towers are being considered within the developer's insolvency proceedings. Buyers who have not opted for alternative allotment seek repayment. Eligible refunds are contemplated on a pro-rata basis from funds deposited by the Interim Resolution Professional, subject to the claims process and the availability of deposited funds.
    July 23, 2026
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    Free trade agreement tariff reductions create investment opportunities for Asia-Pacific manufacturers seeking UK and European market access.
    The UK-India Free Trade Agreement is presented as reducing tariffs on advanced machinery and manufacturing-related goods and creating trade and investment opportunities for Asia-Pacific manufacturers seeking UK and European market access. Manchester is promoted as an investment location through its advanced manufacturing cluster, skilled workforce, innovation infrastructure, international links, and available manufacturing and research space. Invest Manchester provides investor support and undertakes international engagement to develop trade, investment and innovation partnerships.
    July 23, 2026
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    Practical legal training and structured internships strengthen judicial examination preparation, professional skills, and career exposure for law students.
    Legal education employability initiatives combine curriculum alignment for judicial and competitive examinations with mentoring, legal drafting practice, research training, and professional interaction. Internships provide practical exposure to courts, judicial institutions, government bodies, law firms, advocates' chambers, corporate legal departments, and non-governmental organisations. Students in integrated and three-year law programmes complete prescribed minimum internship periods, with summer and winter placements commencing after the first year. Specialisation-based internships cover civil, criminal, corporate, cyber, intellectual property, arbitration, taxation, and government or non-governmental legal work.
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    Student fashion showcase celebrates identity, personal storytelling, craft preservation and conscious creation through nine contemporary design collections.
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    Official statistical modernization strengthens macroeconomic measurement through revised bases, digital surveys, validated data collection and district-level estimates.
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    July 23, 2026
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    Energy statistics reporting expands with internationally aligned consumption data, energy-sector credit flows, and improved coal and electricity coverage.
    Energy Statistics India 2026 reports Total Primary Energy Supply and renewable energy potential, supporting energy policy and infrastructure planning. Its 33rd edition adds data on credit flow to the energy sector, the international energy scenario, and international marine and aviation bunker use. It aligns end-use consuming sectors for energy commodities with international standards and addresses data gaps in industry-wise coal and electricity consumption.
    July 23, 2026
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    Competition approval for full acquisition integrates cash replenishment, ATM hardware, software, managed services and maintenance operations.
    Competition approval has been granted for The Brink's Company's acquisition of the entire equity share capital of NCR Atleos Corporation, which will become wholly owned and controlled by the acquirer. The acquirer provides cash replenishment and ancillary first-line maintenance in India. The target's Indian activities include ATM hardware manufacture and supply, ATM software development and licensing, ATM managed services, and first-line and second-line ATM maintenance.
    July 22, 2026
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    Forced-labour import controls face proposed Section 301 tariff action, while India contests the investigations through bilateral trade discussions.
    Section 301 investigations concerning forced-labour imports examine whether 60 major trading partners, including India, have adopted and effectively enforced import prohibitions on goods produced with forced labour. Proposed additional tariffs would vary according to the strength of existing forced-labour import controls. India has contested the investigations and indicated that these issues may be addressed through the bilateral trade agreement under discussion. India has also initiated an anti-dumping investigation into global soda ash imports to assess potential injury or threat of injury to domestic industry.
    July 22, 2026
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    Disproportionate-assets investigation examines property, bank accounts, tax returns and investments linked to a power company official and relatives.
    Disproportionate-assets investigation concerns allegations that a power distribution company official and close relatives acquired movable and immovable assets beyond known sources of income. Lokayukta Police conducted searches, identified assets and bank deposits linked to the official, family members and associated business entities, and sought freezing of account transactions. The inquiry includes verification of property acquisitions, income-tax returns, and stock-market and mutual-fund investments, with further investigation pending.
    July 22, 2026
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    Farm loan waiver eligibility requires verified data, Agristack registration and Aadhaar authentication before direct transfer to loan accounts.
    The farm-loan waiver and one-time settlement mechanism applies to eligible beneficiaries whose loan data is uploaded by participating banks and verified through the scheme portal. Excluded categories include legislators, local-body office-bearers, government employees, certain income-tax payers, and specified cooperative-sector personnel. Eligible farmers must register on Agristack and complete Aadhaar authentication using their Aadhaar number or unique ID. After successful authentication, the eligible benefit is transferred directly to the loan account through the Direct Benefit Transfer system.

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      Merck Foundation CEO and Africa First Ladies Share Their Partnership Journey in Transforming Patient Care Landscape, Supporting Girl Education and Breaking Infertility Stigma in Africa

      December 3, 2025

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      Mumbai, Maharashtra, India & Banjul, The Gambia – Business Wire India • The 12th Edition of Merck Foundation Africa Asia Luminary was officially inaugurated by the Vice President of The Republic of The Gambia, H.E. Mr. MUHAMMAD B. S. JALLOW and Merck Foundation Chairman, Prof. Dr. Frank Stangenberg-Haverkamp. • The conference was co-chaired by The First Lady of the Republic of The Gambia, H.E. Mrs. FATOUMATTA BAH-BARROW and Merck Foundation CEO, Senator, Dr. Rasha Kelej and attended by The First Ladies of Burundi, Central Africa, Liberia, Nigeria, São Tomé & Príncipe and Senegal, as Guests of Honor. • The conference was attended by close to 1,600 participants including healthcare providers, policymakers and media from 52 English, French, and Portuguese speaking countries, who benefited from three parallel scientific and social sessions to advance healthcare capacity and awareness in 44 critical and underserved medical specialties. Additionally, the conference had 2.25 million viewers online from 53 countries, further amplifying its impact and extending access to knowledge and dialogue across continents. • Merck Foundation celebrated the 13-year journey of their development programs, during 2025 Luminary. • Watch the video of MFFLI Committee Meeting held during the 12 Merck Foundation Africa Asia Luminary 2025: https://youtu.be/sc2XFyU3s10 Merck Foundation, the philanthropic arm of Merck KGaA Germany, conducted the 12th Edition of their annual conference, “Merck Foundation Africa Asia Luminary”, in partnership with the Government of The Gambia in Banjul, The Gambia. The conference was inaugurated by H.E. Mr. MUHAMMAD B. S. JALLOW, Vice President of the Republic of The Gambia, together with Prof. Dr. Frank Stangenberg-Haverkamp, Chairman of Merck Foundation Board of Trustees, and co-chaired by H.E. Mrs. FATOUMATTA BAH-BARROW, The First Lady of Gambia and Ambassador of Merck Foundation More Than a Mother and Senator, Dr. Rasha Kelej (Ret.), CEO of Merck Foundation and President of Merck Foundation First Ladies Initiative along with The First Ladies of African countries, who joined as the Guests of Honor and Keynote Speakers: • H.E. Madam ANGELINE NDAYISHIMIYE, First Lady of the Republic of Burundi • H.E. Madam BRIGITTE TOUADERA, First Lady of the Central African Republic • H.E. Mrs. KARTUMU YARTA BOAKAI, First Lady of the Republic of Liberia • H.E. Senator OLUREMI TINUBI, CON First Lady of the Federal Republic of Nigeria • H.E. Mrs. MARIA DE FATIMA VILA NOVA, First Lady of the Democratic Republic of São Tomé and Príncipe • H.E. Madam MARIE KHONE FAYE, First Lady of the Republic of Senegal On Day 2 of the Summit, the Merck Foundation First Ladies Initiative Committee (MFFLI) was conducted. Senator Dr. Rasha Kelej, CEO of Merck Foundation and Co-Chairperson of 12th Merck Foundation Africa Asia Luminary 2025 emphasized, “It was a privilege to convene the Merck Foundation Africa First Ladies Initiative (MFFLI) Committee Meeting together with our Chairman and my dear sisters, the First Ladies of Africa, who are also our Ambassadors of the ‘Merck Foundation More Than a Mother’. During the meeting, we evaluated the impact of our ongoing programs and discussed the 2026 strategy to further strengthen healthcare and media capacity and address critical social and health issues including Breaking Infertility Stigma, Supporting Girl Education, Ending Child Marriage and FGM, Stopping GBV, Empowering Women, and raising awareness about health concerns such as Diabetes and Hypertension.” Watch the video of Merck Foundation CEO during the MFFLI Committee Meeting in The Gambia: https://youtu.be/4jBpqYSWHTQ Prof. Dr. Frank Stangenberg-Haverkamp, Chairman of the Merck Foundation Board of Trustees, expressed, “It was truly encouraging to hear from the First Ladies of Africa and Asia about the significant progress made in their countries through Merck Foundation’s initiatives and the meaningful impact these programs have had nationally.” Watch the video of Prof. Dr. Frank Stangenberg-Haverkamp during the MFFLI Committee Meeting in The Gambia: https://youtu.be/GySmgsWzpWY H.E. Mrs. FATOUMATTA BAH-BARROW, The First Lady of Republic of The Gambia & Ambassador of Merck Foundation More Than A Mother, also the co-chair of the luminary, emphasized, “I am delighted to welcome my dear sisters, the First Ladies of Africa, along with the Merck Foundation CEO and Chairman, to my country. MFFLI is a vital platform that allows us to reflect on our achievements and discuss the way forward. I take pride in my partnership with Merck Foundation, through which we are reshaping our public healthcare system and making history by providing scholarships for our very first specialists in crucial fields such as oncology, fertility, and more. Merck Foundation has provided 94 scholarships for Gambian doctors in many critical specialties. Moreover, we are also providing annual scholarships for 40 deserving yet underprivileged girls, helping them to complete their education and achieve their full potential.” Watch the video of The Gambia First Lady during the MFFLI Committee Meeting in The Gambia: https://youtu.be/ISqIZH0NmGM Merck Foundation also released a new children’s storybook and its animation film adaptation titled “Ray of Hope” to raise awareness about cancer, with a special focus on early detection, prevention and access to quality cancer care especially in childhood cancer. The storybook and animation film were released by Merck Foundation Chairman and CEO, together with First Ladies of Burundi, Central Africa, The Gambia, Liberia, Nigeria, São Tomé & Príncipe and Senegal. Read ‘Ray of Hope’ storybook here: https://merck-foundation.com/flipbook-proxy/digital_library/1760607426_e5e3447ae2996a8d743f.pdf# Watch ‘Ray of Hope’ animation film here: https://youtu.be/6vCAufPnCPw During the Merck Foundation First Ladies Initiative Committee (MFFLI) committee meeting, the African First Ladies shared the progress of Merck Foundation programs in their countries and discussed the 2026 strategy. H.E. Madam MARIE KHONE FAYE, The First Lady of the Republic of Senegal & Ambassador of Merck Foundation More Than A Mother shared, “I’m proud to join my sisters on this esteemed platform. Each time I get an opportunity to learn more about Merck Foundation’s impactful programs and their far-reaching benefits. I’m pleased to share that Merck Foundation has provided 29 scholarships for our young doctors in Oncology, Diabetes, Fertility, and Embryology, and I’m eager to scale up this effort. I am also happy to launch the Merck Foundation Community Awareness initiatives in my country to raise awareness about critical social and health issues. Moreover, we have started the Educating Linda program and are providing annual scholarships to 40 underprivileged but high performing schoolgirls.” Watch the video of The First Lady of Senegal during the MFFLI Committee Meeting in The Gambia: https://youtu.be/9RXLqNgZlqc H.E. Mrs. MARIA DE FATIMA VILA NOVA, The First Lady of the Democratic Republic of São Tomé and Príncipe & Ambassador of Merck Foundation More Than A Mother, stated, “I am honored to be part of this prestigious platform and to bring Merck Foundation’s impactful programs to my country as the Ambassador of the More Than a Mother campaign. Through the Educating Linda and Lindo program, we are annually supporting the education of 40 high-performing yet underprivileged girls and boys, giving them the chance to complete their studies and follow their dreams. Merck Foundation has also started to enroll our local doctors for specialty trainings. This is the first time we are working on such programs in our country.” Watch the video of The First Lady of São Tomé and Príncipe during the MFFLI Committee Meeting in The Gambia: https://youtu.be/Ki8NmqyShHg H.E. Senator OLUREMI TINUBU, CON, The First Lady of the Federal Republic of Nigeria & Ambassador of Merck Foundation More Than A Mother shared, “I found the discussions during the MFFLI Committee Meeting truly inspiring and motivating. I’m deeply impressed by the impact Merck Foundation has made in Nigeria, particularly the 81 scholarships for our young doctors in vital fields such as Fertility, Oncology, and Diabetes and many more. I am also deeply passionate about girls’ education, and through the Educating Linda program, we are currently providing annual sponsorships to support the education of 71 high-performing yet underprivileged schoolgirls. I am happy to empower the deserving girls in our country.” Watch the video of The First Lady of Nigeria during the MFFLI Committee Meeting in The Gambia: https://youtu.be/YqsSQSS85_I H.E. Mrs. KARTUMU YARTA BOAKAI, The First Lady of the Republic of Liberia & Ambassador of Merck Foundation More Than A Mother shared, “I truly value this platform as it helps us share our progress and shape the way forward. Through our partnership with Merck Foundation, we’ve provided 52 scholarships for doctors in Fertility, Embryology, Oncology, and Diabetes care, and we are now looking forward to expanding into additional critical specialties. We also remain committed to supporting girls’ education, with 40 deserving schoolgirls currently being benefiting from the Educating Linda program annual scholarships.” Watch the video of The First Lady of Liberia during the MFFLI Committee Meeting in The Gambia: https://youtu.be/Z2bH574_55E H.E. Madam BRIGITTE TOUADERA, The First Lady of Central Africa & Ambassador of Merck Foundation More Than A Mother emphasized, “As one of the early members of this esteemed platform, I remain committed to working closely with Merck Foundation to build healthcare capacity by supporting scholarships for our doctors. I’m also deeply invested in the ‘Educating Linda’ program, through which we’re sponsoring 40 underprivileged schoolgirls in our country. I look forward to expanding these initiatives to further amplify their impact.” Watch the video of The First Lady of the Central African Republic during the MFFLI Committee Meeting in The Gambia: https://youtu.be/t7d1oIeauEM H.E. Madam ANGELINE NDAYISHIMIYE, First Lady of the Republic of Burundi & Ambassador of Merck Foundation More Than A Mother shared, “I’m truly pleased to engage in meaningful discussions with my dear sisters on the impact of our partnership with Merck Foundation. I’m proud to share that we’ve provided 244 scholarships for Burundian doctors and will continue expanding this support across 44 critical specialties. We also deeply value the Educating Linda program, through which we are providing annual scholarships for 40 high-performing yet underprivileged schoolgirls. Promoting girls’ education remains a shared priority for all of us.” Watch the video of The First Lady of Burundi during the MFFLI Committee Meeting in The Gambia: https://youtu.be/iSTMgPV_7WY The conference was held in a hybrid format and was attended by close to 1,600 participants including healthcare providers, policymakers and media from 52 English, French, and Portuguese speaking countries, who benefited from three parallel scientific and social sessions to advance healthcare capacity and awareness in 44 critical and underserved medical specialties. Additionally, the conference had 2.25 million viewers online from 53 countries, further amplifying its impact and extending access to knowledge and dialogue across continents. The 12th Edition of Merck Foundation Africa Asia Luminary was streamed live on the social media handles of Merck Foundation and Senator, Dr. Rasha Kelej, CEO of Merck Foundation. @Merck Foundation: Facebook, X, Instagram, and YouTube. @Rasha Kelej: Facebook, X, Instagram, and YouTube. Link to the Facebook live stream of Inaugural Session of 12th Merck Foundation Africa Asia Luminary: https://www.youtube.com/live/h2_pOgZW9OY?si=u9sRUYz8H5tRC9ca Summarizing Merck Foundation’s initiatives and impact: Merck Foundation is transforming the Patient care landscape and making history together with their partners in Africa, Asia, and beyond, through: • 2400+ Scholarships provided by Merck Foundation for healthcare providers from 52 Countries in 44 critical and underserved medical specialties. Merck Foundation is also creating a culture shift and breaking the silence about a wide range of social and health issues in Africa and underserved communities through: • 3700+ Media Representatives from more than 35 countries trained by Merck Foundation to better raise awareness about different social and health issues • 8 Different Awards launched annually for the best Media coverage, Song, Films, and Fashion • Around 30 songs to address health and social issues, by local singers across Africa • 9 Children’s Storybooks in four languages - English, French, Portuguese, and Swahili • 6 Awareness Animation Films in five languages - English, French, Portuguese, Spanish and Swahili to raise awareness about breaking infertility stigma, supporting girl education and prevention and early detection of Diabetes, Hypertension & Cancer • Pan African TV Program "Our Africa by Merck Foundation” addressing Social and Health Issues in Africa through “Fashion and ART with Purpose” Community • 1100+ Scholarships provided annually to high-performing but under-privileged African schoolgirls from 18 countries, to help them to complete their studies and empower them to reach their full potential • 15 Social Media Channels with more than 8.5 Million Followers Click the link below to Download Merck Foundation App https://www.merck-foundation.com/MF_StoreRedirection Join the conversation on our social media platforms below and let your voice be heard Facebook: Merck Foundation X: @MerckFoundation YouTube: MerckFoundation Instagram: Merck Foundation Threads: Merck Foundation Flickr: Merck Foundation Website: www.merckfoundation.com About Merck Foundation The Merck Foundation, established in 2017, is the philanthropic arm of Merck KGaA Germany, aims to improve the health and wellbeing of people and advance their lives through science and technology. Our efforts are primarily focused on improving access to quality & equitable healthcare solutions in underserved communities, building healthcare & scientific research capacity, empowering girls in education and empowering people in STEM (Science, Technology, Engineering, and Mathematics) with a special focus on women and youth. All Merck Foundation press releases are distributed by e-mail at the same time they become available on the Merck Foundation Website. Please visit www.merck-foundation.com to read more. Follow the social media of Merck Foundation: Facebook, X, Instagram, YouTube, Threads and Flickr. The Merck Foundation is dedicated to improving social and health outcomes for communities in need. While it collaborates with various partners, including governments to achieve its humanitarian goals, the foundation remains strictly neutral in political matters. It does not engage in or support any political activities, elections, or regimes, focusing solely on its mission to elevate humanity and enhance well-being while maintaining a strict non-political stance in all of its endeavors. To View the Image, Click on the Link Below: Merck Foundation Chairman and CEO with African First Ladies during the MFFLI Committee Meeting in Gambia (Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). PTI

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