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    India's Russian crude imports hit record for second straight month
    Stolen phone of 88-year-old leads Delhi Police to bust interstate cyber-fraud syndicate; 9 held
    Rupee falls 11 paise to close at 95.28 against US dollar on firm crude oil prices
    Loan Utsav 2026: Bajaj Finance Personal Loan Now Comes with an Exclusive Reward Bundle for Eligible Customers
    Freedom to Spend Smarter: AU Small Finance Bank Credit Cards Bring Rewards, EMI Flexibility and Lounge Access to India''s Biggest Shopping Month
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    Why Most People Choose the Wrong Savings Account And How Not to Be One of Them
    RBI has proactively helped UCBs; cooperatives should look at regulator differently: Shah
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    August 10, 2026
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    Russian crude imports reshape India's refining trade as processed petroleum products reach sanctioning jurisdictions despite import restrictions.
    Indian imports of Russian crude oil reached a second consecutive monthly record in July 2026, with Russian crude forming the dominant share of India's Russian fossil-fuel purchases and more than half of total crude imports. Higher receipts through smaller terminals offset reduced volumes at Paradip. Indian refineries processing Russian crude also exported refined petroleum products to sanctioning jurisdictions, including the European Union, Australia and the United States, despite the European Union prohibition on imports of oil products made from Russian crude.
    August 10, 2026
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    Cyber-fraud through stolen phones allegedly used mule accounts, banking credentials and coordinated technical operations to divert victims' funds.
    Investigation into unauthorised withdrawals after theft of a mobile phone uncovered an alleged interstate cyber-fraud network using stolen devices, linked banking credentials and mule bank accounts. The scheme allegedly involved phone theft, supply of accounts and banking instruments, and a technical operation that accessed victims' accounts and routed funds for withdrawal or transfer. Digital surveillance, transaction mapping, seized devices, victim data and transaction records are being examined to identify linked complaints and the extent of funds allegedly diverted.
    August 10, 2026
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    Rupee depreciation reflected stronger dollar, elevated crude prices and geopolitical uncertainty, while portfolio inflows and equity gains provided support.
    The rupee depreciated against the US dollar amid a stronger dollar, higher global crude oil prices and uncertainty surrounding West Asia-related negotiations. Concerns over crude oil's potential impact on the trade deficit weighed on the currency, while positive domestic equity markets and foreign portfolio investment inflows provided support. Market caution remained focused on forthcoming US inflation data, dollar-index movements and Brent crude prices. Foreign-exchange reserves increased during the reported period.
    August 10, 2026
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    Collateral-free personal loans offer extended repayment flexibility, conditional reward benefits, and online application subject to eligibility and disbursal requirements.
    Loan Utsav 2026 provides eligible Bajaj Finance Personal Loan applicants an exclusive reward bundle where the loan is successfully disbursed during the campaign period. The collateral-free facility supports personal expenses, offers repayment tenures from 12 to 108 months, and may enable lower monthly EMI obligations through a longer selected tenure. Interest rates depend on eligibility, credit assessment, financial profile and lending criteria. Online applications require personal and financial details and required documents, with disbursal for eligible applicants possible after verification and approval.
    August 10, 2026
    Show AI Summary
    Credit card payment flexibility supports seasonal shopping and travel through eligible EMIs, rewards, tracking tools and conditional merchant benefits.
    Credit-card spending features include conversion of eligible purchases into EMIs, selected no-cost EMI options, reward points, cashback, merchant discounts and payment flexibility. Travel-related benefits may include domestic airport lounge access, travel-booking discounts, fuel-surcharge waiver and anniversary-linked rewards. The AU 0101 application enables transaction tracking, balance and interest-rate monitoring, EMI conversion and bill-payment management. Features and offers are subject to change, customer eligibility, internal policies and partner-merchant terms.
    August 10, 2026
    Show AI Summary
    Foreign-exchange market conditions weakened the rupee as stronger dollar and crude prices offset support from reserve growth and inflows.
    Foreign-exchange market conditions saw the rupee weaken against the US dollar in early trading, influenced by a stronger dollar and higher global crude oil prices. Foreign institutional equity inflows and increased foreign-exchange reserves moderated pressure on the rupee. Market attention remained focused on developments in West Asia and the Reserve Bank of India, alongside movements in the dollar index, crude oil prices and domestic equity markets.
    August 10, 2026
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    GI-tagged Mithila Makhana export facilitation expands sea-route market access while supporting quality compliance and farmer-linked value chains.
    Export facilitation for GI-tagged Mithila Makhana enabled the first commercial sea-route shipment from Bihar to Australia. APEDA, in association with the Bihar agriculture department, supported market access, coordination, capacity building and stakeholder engagement. The export model is intended to improve farmer price realisation, require adherence to global quality standards, and strengthen growers, processors and exporters. A separate HS Code for Makhana has taken effect under the Finance Bill, 2025, supporting product-specific trade classification.
    August 10, 2026
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    Startup ecosystem support expands through digital payments, cloud access, AI innovation, investment readiness, governance support and global market programmes.
    DPIIT has entered into strategic MoUs to support DPIIT-recognised startups through payment infrastructure, entrepreneurship development, cloud technology, mobility innovation, investment readiness and global-market access. Eligible startups may receive payment and cloud support, technical training, mentorship, startup formalisation assistance, market and investor connections, AI and mobility enablement, and programmes addressing governance, financial readiness, compliance and international expansion. The collaborations promote innovation across digital payments, clean energy, artificial intelligence, climate technology, advanced manufacturing, mobility and automotive technology.
    August 10, 2026
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    UPI transaction charges remain unavailable for consumers and person-to-person payments, while limited threshold-based merchant MDR may be considered.
    Proposed amendment of section 10A of the Payment and Settlement Systems Act, 2007 is intended to support UPI sustainability, technological advancement and resilience. Consumer payments and person-to-person transactions are to remain free. Any future merchant discount rate would apply only to limited merchant transactions above a threshold, at a nominal rate, while most merchant transactions remain free. The framework supports investment in cybersecurity, fraud prevention and infrastructure, alongside a self-sustaining and inclusive digital-payment ecosystem.
    August 10, 2026
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    Fair competition cooperation in renewable energy markets advances knowledge-sharing and evidence-based enforcement across interconnected digital and energy markets.
    BRICS competition authorities adopted a Joint Statement strengthening cooperation to promote fair competition, including in renewable energy markets. Cooperation focuses on dialogue, knowledge-sharing and consideration of cross-border competition challenges in digital markets, emerging technologies and the energy transition. Competition enforcement is to remain principled and evidence-based, supporting efficiency, consumer welfare, innovation and merit-based competition. A collaborative renewable-energy competition study identified evolving market dynamics and areas for future cooperation.
    August 10, 2026
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    Cost optimisation in public finance strengthens investment decisions, risk allocation, indigenous manufacturing and value-driven government expenditure through specialised financial expertise.
    ICoAS cost optimisation supports public financial management through prudent resource utilisation, financial oversight and improved cost management across government. Its role includes supporting indigenous manufacturing, better investment decisions, efficient public expenditure and maximum value for public spending. With greater private-sector participation and Public-Private Partnerships, ICoAS officers are expected to promote cost efficiency, appropriate risk allocation and sound project structuring. Capacity building emphasises integrity, financial modelling, data visualisation, analytical frameworks and artificial intelligence for improved public-finance management.
    August 9, 2026
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    Co-operative development financing would expand through direct assistance, share-capital participation and wider operational powers for sectoral support.
    National Cooperative Development Corporation (Amendment) Bill, 2026 proposes to broaden the Corporation's mandate to promote co-operative development. It would permit direct loans and grants to co-operative societies and other entities engaged in co-operative development, where funds are used for co-operative purposes. With Central Government approval, the Corporation could participate in the share capital of such entities. The proposals also expand the meaning of foodstuffs, remove geographical restrictions for industrial-goods assistance, and provide additional functional powers.
    August 9, 2026
    Show AI Summary
    GST compliance failures and electricity subsidy controls raise allegations of financial irregularities and potential losses to the public exchequer.
    Allegations based on a Comptroller and Auditor General report identified purported GST compliance failures involving outstanding tax liabilities, e-way bills generated after cancellation of GST registrations, limited bill scrutiny, non-compliance, and turnover mismatches. The allegations also concerned electricity subsidies extended to consumers with prolonged zero bills or apparent non-residence, presenting these issues as possible financial irregularities and losses to the public exchequer.
    August 9, 2026
    Show AI Summary
    Money-laundering prosecution complaints allege fund diversion through shell entities, credit-facility evergreening, layered transactions and fictitious project expenditure.
    Money-laundering prosecution complaints allege that funds from toll-road projects and credit facilities were diverted through group companies, contractors, shell entities and conduit accounts. In the toll-road matter, allegedly sham or back-dated subcontracting arrangements and subsequent documentation were used to portray transfers as genuine project expenditure. In the credit-facilities matter, fresh facilities were allegedly used to repay, rotate and evergreen earlier liabilities rather than for sanctioned end-use, with funds layered and presented as legitimate business expenditure or receipts. Attached assets are sought to be confiscated as alleged proceeds of crime.
    August 9, 2026
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    Direct Benefit Transfer pension disbursement replaces cooperative-bank doorstep delivery, while preserving home payments for beneficiaries unable to use bank accounts.
    Direct Benefit Transfer of social security and welfare pensions to Aadhaar-linked bank accounts is intended to replace cooperative-bank doorstep delivery, except for bedridden and similarly situated beneficiaries. The change addresses delays in remitting undistributed pensions, deficient record updates and reconciliation, duplicate payments, delivery incentives, and compliance with Direct Benefit Transfer norms. Criticism focuses on beneficiary access to linked commercial-bank accounts, possible minimum-balance deductions, exclusion of cooperative banks, and the effect on doorstep-delivery workers.
    August 8, 2026
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    Engineering business growth supported Raymond's first-quarter performance, with export expansion, capacity investment and net-debt-free financial flexibility.
    Raymond Limited reported unaudited first-quarter FY27 growth in total income, EBITDA and profit before tax before exceptional items, while remaining net-debt-free with a net cash surplus. Its Engineering business comprises Precision Technology & Auto Components and Aerospace & Defence. Growth in the former was attributed to export expansion, operating leverage, product mix and cost reductions. Aerospace & Defence growth was linked to production for global OEMs, portfolio expansion and increased capacity, although margins were affected by targeted research and development investment. Forward-looking statements remain subject to regulatory, political, economic and technological risks.
    August 8, 2026
    Show AI Summary
    Savings account selection requires comparison of effective interest, fees, digital service, access, and individual banking needs.
    Savings-account selection should compare effective interest returns under slab-based rates, recurring operating charges and the customer's actual banking needs. Net value depends not only on advertised rates but also on relevant minimum-balance, card, ATM, alert and transfer fees. Digital reliability, customer support, branch availability and ATM access should be assessed according to the customer's average balance, cash use, transfer frequency, travel patterns and need for in-person assistance. The suitable account is one that matches real banking behaviour.
    August 8, 2026
    Show AI Summary
    Urban cooperative bank regulation promotes licensing, governance, compliance support and cybersecurity measures to strengthen stability and depositor confidence.
    Urban cooperative banks are encouraged to recognise regulatory support through liberalised branch opening, doorstep banking, demand drafts, life certificates, dedicated regulatory coordination, enhanced gold-loan limits, one-time settlements and progress towards on-tap licensing. Sound governance is material to sectoral stability, while small-borrower lending is presented as a comparatively safe lending segment. The umbrella body can support member banks through technical expertise, compliance assistance, cybersecurity solutions and participation in a security operations centre to strengthen depositor confidence.
    August 8, 2026
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    Korean food export promotion combines buyer consultations, regulatory guidance and consumer experiences to support entry into Indian and South Asian markets.
    Korean food export promotion in India and South Asia combined business consultations with consumer-facing activities. Individual meetings connected Korean exporters with regional buyers and generated memoranda of understanding for products including frozen gimbap, ginseng wine and kombucha. Exporters received on-site guidance concerning non-tariff barriers, including food import customs clearance and certification requirements. Preparatory online sessions addressed import procedures, regulatory matters and consumer trends, while consumer events promoted Korean food through tasting, retail and experiential activities.
    August 8, 2026
    Show AI Summary
    Illegal immigration enforcement prioritises dismantling entry, documentation and employment networks while requiring citizens to report information through police channels.
    Illegal immigration enforcement involves continuous identification and verification operations, coordination with relevant officials, and confidential investigation of networks facilitating entry, identity documentation, accommodation and employment. Enquiries extend to intermediaries, contractors, Aadhaar procurement and verification practices, rather than focusing only on apprehended individuals. Citizen vigilantism, moral policing and social-media targeting of suspected migrants are discouraged because they may compromise investigations; information should instead be given through proper police channels.

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      Experience Smarter Health Insights with Scanbo’s Diagnostic Technology

      December 4, 2025

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      Mumbai (Maharashtra) [India], December 4: Healthcare is changing as diagnostics move closer to the patient rather than remaining limited to laboratories and hospitals. With rising demand for faster testing and easier access to basic health measurements, point-of-care technology has become an important area of development. Many individuals today rely on multiple appointments, long wait times, and lab-based testing to understand key health indicators, which can delay early decisions and routine monitoring. In response to these challenges, new diagnostic tools are being designed to collect vital health information quickly and without invasive procedures. Scanbo is one such technology developed to support this shift. By using sensor based measurements and artificial intelligence, it offers a way to capture essential health data in a short time and at the point of care, helping both individuals and healthcare providers access information that would otherwise require a lab visit.

      Making Diagnostics More Accessible Traditional diagnostic processes often involve several steps before results are available. A person may need to visit a doctor, receive a referral for tests, travel to a lab, provide samples, and then return after results are processed. This sequence can take anywhere from hours to days, depending on location and access to facilities. For many people, especially those in areas where labs are limited, this becomes a barrier to routine health monitoring.

      Scanbo’s diagnostic technology aims to simplify this experience. Instead of depending on multiple instruments and lab visits, its system collects health data at the point of care. The approach focuses on delivering essential measurements in minutes, which helps support quicker decision making for both individuals and healthcare professionals. By reducing delays, point of care diagnostics can assist in early monitoring and routine checkups.

      The Scanbo D8 as the Starting Point The Scanbo D8 serves as the foundation of the company’s diagnostic platform. It is a compact device designed to perform seven non invasive tests. These include measurements for blood pressure, heart rate, heart rate variability, breathing rate, oxygen saturation, body temperature, and a single lead ECG. Along with these readings, the device also supports a simple finger prick blood glucose test, which remains an essential part of daily monitoring for many individuals.

      All of these measurements can be collected in less than five minutes. Once the data is captured, it can be processed to provide an overview of cardiovascular and metabolic indicators. For people who need regular checks or for clinics that handle basic screenings, this model helps reduce reliance on external equipment and laboratory support.

      Intelligent Cardiac Analysis with HridaayTaal An important component of Scanbo’s technology is its artificial intelligence platform known as HridaayTaal. This system analyzes cardiac signals to identify patterns and irregularities that may not be visible through simple observation. At present, it supports detection of conditions such as arrhythmia and atrial fibrillation by assessing heart rhythm and variability.

      The platform is being developed further to include more advanced analytical capabilities. These include the ability to interpret QRS and PR intervals, corrected QT measurements, and indicators related to sleep apnea. Future stages also plan to support detection of ventricular fibrillation and atrial flutter. By expanding these capabilities over time, the platform moves toward offering deeper insights into cardiac health through non invasive monitoring.

      A Roadmap from D8 to D19 While the D8 forms the base of the diagnostic system, Scanbo has outlined a roadmap that builds on it through upcoming devices. The next model, the D12, is projected for 2026 and will introduce four additional blood tests. This expansion is intended to reduce dependence on external labs for common diagnostic requirements.

      Following the D12, the D16 is scheduled for 2027 and will add five further blood tests. This step brings the device closer to supporting broader health screenings at the point of care. By 2028, the D19 will complete this progression with three more blood tests, allowing for a wider set of first level diagnostic checks within a single platform.

      Together, these devices represent a gradual move toward comprehensive testing outside traditional laboratory environments. The roadmap supports a future in which early checks and routine monitoring can happen more conveniently in community clinics or home based settings.

      Digital Integration and Secure Data As diagnostics become more connected, managing health information securely has become increasingly important. Scanbo has introduced a blockchain based healthcare data system designed to support secure and transparent exchange of medical information. This platform is intended for use by patients, providers, and payers, creating a decentralized environment where health data can be accessed when needed while remaining protected from tampering.

      The system also supports interoperability, which can help reduce repeated testing when records are not easily available. By maintaining data integrity and controlled access, the platform complements the diagnostic devices and supports coordinated care among different stakeholders in the healthcare ecosystem.

      Supporting Regular Health Monitoring Access to timely health insights can play an important role in routine monitoring. For individuals managing conditions such as diabetes or hypertension, frequent testing is often required. Scanbo’s device based approach allows these measurements to be collected without complex procedures or long wait times. By making basic checks easier to conduct, it encourages more consistent monitoring.

      For healthcare providers, having data available at the point of care allows them to assess a situation more quickly. This may help in initial decision making and can guide whether further testing or referrals are required. The combination of speed and accessibility is especially valuable in areas where access to full scale laboratories is limited.

      Built in India for Local Needs Scanbo’s development and manufacturing take place in India, reflecting the country’s growing capability in medical technology. By designing and assembling devices domestically, the company draws on local engineering talent and aligns with national efforts to strengthen self reliance in healthcare technology. This approach demonstrates that advanced diagnostic solutions can be built within the country to address both local and global healthcare challenges.

      The focus on Indian development also supports skill building and contributes to a growing MedTech ecosystem within the nation. As diagnostic tools evolve, domestic capability plays an important role in ensuring that technology remains accessible and relevant to the diverse needs of the population.

      Looking Ahead As Scanbo continues to advance its diagnostic technology, the combination of non invasive testing, artificial intelligence, and secure data management forms the foundation of its vision. The progression from the D8 to the D19 highlights a long term plan to expand testing capabilities and make essential diagnostics available in more settings.

      With the ability to capture key health indicators quickly and without complex equipment, Scanbo’s platform represents a shift toward more connected and convenient monitoring. As healthcare continues to move toward early detection and preventive care, tools like these support a model where individuals and providers can access information when it matters most.

      Conclusion Scanbo’s diagnostic technology offers a pathway to smarter health insights by focusing on speed, accessibility, and non invasive testing. Through the D8 and its upcoming devices, along with the HridaayTaal AI engine and blockchain based data platform, it supports a future where essential health information can be collected and shared more efficiently. By building these solutions in India and focusing on point of care diagnostics, Scanbo contributes to a healthcare model that prioritizes timely information and supports everyday monitoring needs.

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

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