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    Nagaland tax revenue rises to Rs 1,597 crore in FY'26
    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
    Rupee falls 8 paise to 95.25 against US dollar in early trade
    APEDA Facilitates First-Ever Export of GI-tagged Mithila Makhana by Sea Route from Bihar to Australia
    Government signs strategic MoUs with key industry leaders and ecosystems to strengthen support to StartUps
    No Charges for UPI Users
    Competition Commission of India (CCI) hosts BRICS Heads of Competition Authorities 2026 meeting
    ICoAS fraternity reaffirms commitment to cost optimisation for Atmanirbhar Bharat on ICoAS day 2026
    Govt to introduce bill in Lok Sabha to broaden NCDC's mandate for co-operative sector growth
    AAP govt indulged in large-scale financial irregularities, caused losses to exchequer: Delhi minister
    ED files chargesheets in 2 PMLA cases against Anil Ambani Group companies, ex-executives
    RJD criticises UDF govt's move not to disburse pensions through cooperative banks
    Raymond Limited reports a healthy Q1 FY27 performance
    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
    Ministry of Agriculture, Food and Rural Affairs and aT Host '2026 K-Food Fair in New Delhi, India'
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    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
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    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
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    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
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    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
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    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
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    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
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    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.

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      Narayana Murthy shares leadership lessons at SMU Visionary Series as SMU launches 2026 Singapore-India Hackathon

      December 9, 2025

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      SINGAPORE, Dec. 9, 2025 /PRNewswire/ -- The Singapore Management University (SMU) welcomed distinguished global tech leader Mr Narayana Murthy to its campus on 20 November 2025 for a milestone edition of the SMU Visionary Series. The event, held in SMU's 25th anniversary year, served as both a celebration of the University's purposeful mission and a forward-looking reflection on leadership, innovation and regional partnerships. Mr Narayana Murthy, Co-Founder of Infosys Limited, speaking at Singapore Management University in November 2025. The evening also marked the official launch of the 4th Singapore-India Hackathon, a flagship collaboration between both countries to commemorate 60 years of diplomatic relations. The Hackathon will return to Singapore in June 2026. Vision, imagination and innovation for meaningful impact Introducing Mr Murthy, SMU President, Professor Lily Kong, highlighted his stature as "one of the 12 greatest entrepreneurs of our time", as named by Fortune, and the "father of the Indian IT sector", as described by Time. She added that the Visionary Series, which features global thinkers, entrepreneurs and changemakers, forms part of SMU's commitment to inspiring students to imagine and shape meaningful impact. "Our aim is to shape purposeful, resilient and responsible leaders and generate knowledge that makes meaningful academic and societal impact," she said. Lessons in leadership Delivering the keynote lecture on 'Leadership Lessons from the Infosys Journey', Mr Murthy reflected on his three decades at the helm of Infosys, widely regarded as one of India's most respected multinational technology companies. Through sharing the Infosys story, Mr Murthy opined that good leaders lead with integrity, transparency and fairness, ensure everyone in the organisation shares it success, work hard, and use their privilege for the greater good. His reflections on leadership were compelling and anchored in courage, discipline and clarity of purpose – the very principles that guided the rise of Infosys. In a fireside chat with SMU Chairman Piyush Gupta that followed the lecture, Mr Murthy traced Infosys' journey from its modest founding in 1981 to becoming the first Indian company to list on NASDAQ. When asked about his most memorable moments as its chief, he recounted the story of a junior employee who told him he had been able to build his first house because of Infosys' stock options plan - a reminder of how private enterprises can uplift lives, and how leadership is ultimately a moral endeavour. As a tech giant, Mr Murthy's insistence that the human mind remains our greatest instrument of progress, is reassuring. He emphasised that innovation is ultimately powered by curiosity, by clear and simple communication, and by leaders who align their words with action. Launch of the 2026 Singapore-India Hackathon In the conversation, both gentlemen agreed that despite India's strong reputation as a wellspring of creative energy and entrepreneurial ambition, it remains something of a mystery to many in East Asia, especially to younger people. Hence, expanding avenues for young people in both countries to connect directly with India's dynamism and talent, will be mutually enriching. In that spirit of expanding opportunities for young people, the evening's programme reached new heights with the launch of the 2026 Singapore-India Hackathon. Established under the auspices of Prime Minister Narendra Modi and Singapore's former Prime Minister Lee Hsien Loong, the Hackathon is designed to foster deeper innovation, entrepreneurship and problem-solving between the two nations' university ecosystems. In a pre-recorded message, Singapore's Minister for Education and Minister-in-charge of Social Services Integration, Mr Desmond Lee, said the Hackathon symbolises Singapore's and India's shared belief in the power of youth and innovation. "By bringing together Singaporean and Indian youth to tackle real-world challenges, the Hackathon builds bridges between our people and our industries. It nurtures global perspectives and cultural fluency, which are essential qualities for navigating an increasingly interconnected world," said Minister Lee. Deepening SMU's footprint in the region Highlighting SMU's longstanding commitment to meaningful regional partnerships, Professor Kong shared updates on the University's growing footprint in India. SMU students have participated in Business Study Missions, community service projects and internships in major Indian cities. Beyond student mobility, SMU has also deepened institutional collaborations for MBA and EMBA programmes, and plan to jointly offer fintech and executive programmes. At this year's SMU Lee Kuan Yew Global Business Plan Competition, a space-tech startup from India's Veer Surendra Sai University of Technology in Odisha clinched the People's Choice Award. Looking ahead, SMU will soon establish its India International Advisory Council (IAC), to be chaired by Mr Uday Kotak, Founder and Director of Kotak Mahindra Bank. This will be the University's eighth IAC globally, joining existing councils across Asia that comprise distinguished industry leaders who advise the University on strategy and regional engagement. Professor Kong also announced that SMU will open its fourth overseas centre in Shenzhen, China, while continuing to deepen relationships across Indonesia, Thailand and Vietnam, where SMU has established overseas centres. Shaping Asia's future with wisdom, empathy and courage The event reaffirmed SMU's unwavering commitment to building bridges across Asia. Professor Kong said, "We will continue to create opportunities for students to immerse themselves in India's rich and rapidly evolving landscape; for our faculty to collaborate on meaningful research; and for our partners to innovate together for the good of society." "In doing so, we prepare our community not only to succeed in a complex world, but to shape it with wisdom, empathy and courage," she added. Photo - Embedded Media Photo - https://mma.prnewswire.com/media/2841323/Mr_Narayana_Murthy__left__Mr_SMU_Chairman_Mr_Piyush_Gupta.jpg' alt='Embedded Media' /> Photo - https://mma.prnewswire.com/media/2841324/left_right__Mr_Yogesh_Brahmankar__Director_Innovation_All_India_Council_Technical.jpg' alt='Embedded Media' /> Logo - https://mma.prnewswire.com/media/2214752/Singapore_Management_University_Logo.jpg' alt='Embedded Media' /> (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI

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