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    Razorpay Launches Multi-Currency Account, Helping Exporters Retain International Earnings in Foreign Currencies
    DB HiTek to Make Debut at electronica India 2026, Targeting Growth in Indian Market
    BJP demands Vijayan’s resignation from Keralam LoP post over ED findings in CMRL case
    Pakistan seeks USD 10 bn US facility to bolster forex stability
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    MSMEs are the true builders of India’s economic resilience: LG Sinha
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    United Arab Emirates suspends trade with Iran after coming under renewed missile fire
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    Instant Credit Card Application With JioFinance: Step-by-Step Guide
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    IDFC FIRST Bank successfully accesses international debt capital markets with maiden US$500 million bond issuance
    Any attempt to defame CAS by manipulation will be dealt with sternly, warns Sebi's Pandey
    Rupee falls 2 paise to settle at 95.76 against US dollar
    QualityKiosk Establishes Hyderabad Engineering Hub to Advance AI Reliability, Agentic Engineering and AI Assurance for Global Enterprises
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August 20, 2026
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Multi-Currency EEFC settlements let exporters retain foreign earnings and choose conversion timing for overseas payment obligations.
Multi-Currency EEFC Account settlements enable exporters and international businesses to receive payment settlements directly into Exchange Earners' Foreign Currency accounts in the original transaction currency without immediate conversion into Indian rupees. Retention of foreign currency earnings permits businesses to choose when conversion is required, reducing repeated foreign-exchange conversion cycles and supporting management of foreign-currency cash flows and overseas obligations.
August 20, 2026
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Power semiconductor foundry expansion targets Indian fabless customers through technology showcasing, process development, and collaboration in the growing semiconductor market.
DB HiTek seeks to expand foundry business with Indian fabless semiconductor companies by showcasing power semiconductor and specialised process technologies. Its commercial focus includes BCD processes for automotive and industrial applications, together with silicon-carbide and gallium-nitride process development and planned volume production. Product-performance evaluations are underway with strategic customers. Customer expansion also covers X-ray, global-shutter, single-photon avalanche diode, specialty CIS, and mixed-signal/RF processes, supported by collaboration with local fabless firms.
August 20, 2026
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Money-laundering allegations over payments without services raise concerns about overseas transfers, identity-linked communications, and mineral smuggling.
Money-laundering allegations concern claimed payments by Cochin Minerals and Rutile Ltd. to Exalogic Solutions Pvt. Ltd., a company promoted by Veena T., without corresponding services. Searches reportedly yielded handwritten material referring to fund transfers to Dubai and digital material relating to a SIM card obtained in another person's name. Further allegations included overseas fund movement, hawala transfers, and possible thorium or monazite smuggling, all presented as allegations requiring examination.
August 20, 2026
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Exchange stabilisation support aims to strengthen foreign-exchange resilience, reduce rollover dependence and restore access to longer-term market financing.
Pakistan has sought a proposed Exchange Stabilisation Support Facility to reinforce foreign-exchange stability and signal currency resilience to international capital markets. The strategy seeks to reduce reliance on short-term bilateral loans, deposits and rollovers by moving towards market-based financing with longer repayment periods. Improving sovereign creditworthiness through engagement with credit-rating agencies is intended to facilitate international market access, lower borrowing costs and enable longer-maturity debt raising.
August 20, 2026
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Elephant ivory trade prohibition supports enforcement against wildlife trafficking, seizure of carved ivory articles, and further investigation.
Illicit trade in elephant ivory and articles manufactured from it is prohibited under the Wildlife (Protection) Act, 1972, supporting India's CITES obligations. Enforcement action against a wildlife-trafficking syndicate resulted in the interception of four persons and seizure of 54 carved ivory artefacts. The seized articles and apprehended persons were transferred to the State Forest Department for further investigation. The action forms part of continuing measures against unlawful trade in wildlife derivatives and biodiversity threats.
August 20, 2026
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Trade deficit pressures persist as energy-import costs and currency weakness offset record automobile and electronics export growth.
Japan recorded its highest July import and export values since comparable statistics began, but continued to experience a trade deficit as rising energy costs increased import expenditure. Higher crude oil prices and disruption to Middle East supply routes affected an economy reliant on imported oil, while a weak yen raised the cost of fuel, food and raw materials. Strong automobile, semiconductor and electronics exports benefited from currency weakness, which also increased the yen value of overseas earnings.
August 19, 2026
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Forged health-scheme cards allegedly enabled ineligible treatment and misuse of public healthcare funds through false beneficiary details.
Alleged misuse of Ayushman health-scheme cards involved collecting identity and ration-card details by promising free treatment, then creating forged beneficiary cards with false particulars. The alleged scheme enabled treatment for ineligible persons and purported claims of government health-scheme funds. Police arrested five persons, recovered purported forged identity and beneficiary cards, and are investigating possible involvement of hospital and medical-office personnel, the scale of card forgery, and alleged diversion of public funds.
August 19, 2026
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MSME competitiveness requires affordable credit, technology adoption, formalisation, sustainable trade and stronger export-market access for inclusive growth.
MSME development is identified as central to employment generation, exports, entrepreneurship, economic resilience and self-reliance. Key priorities include affordable credit, technology upgradation, supply-chain integration, market access, brand-building and reduced red tape. Formalisation of micro industries is emphasised to expand institutional credit access, while sustainable trade is promoted through green technologies and renewable energy. Export competitiveness is to be strengthened through regional production capabilities and the "One District, One Export Hub" initiative.
August 19, 2026
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Supply-side inflation risks support a policy pause pending evidence of broad-based, persistent price pressures and de-anchored expectations.
Monetary policy calibration remained on hold because food and fuel inflation had not yet produced broad-based or persistent price pressures. The policy pause was supported by limited pass-through of supply-side shocks, contained core inflation and no clear demand-driven overheating. Recalibration depends on incoming evidence of persistent inflation, entrenched supply-side pressures, de-anchored expectations and the evolving growth-inflation dynamic. Geopolitical disruption, volatile oil prices, monsoon conditions and El Nin o-related agricultural risks remain material inflation risks.
August 19, 2026
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Examination irregularities investigation examines alleged answer-sheet cheating, managed centres and suspected solver-gang involvement by a biometric operator.
Alleged examination irregularities involved suspected cheating through the receipt of an answer sheet by an examinee from personnel of a private firm conducting the examination. Police arrested a biometric operator following an investigation into his alleged involvement. His prior work with biometric firms and manpower supply agencies was examined in connection with clues concerning allegedly managed examination centres and a suspected solver gang.
August 19, 2026
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Trade restrictions on Iran halt commercial and financial exchanges as regional security threats disrupt maritime commerce and re-export access.
UAE trade restrictions on Iran halted all trade, commercial exchanges and financial transactions until further notice following reported ballistic-missile incidents and regional security escalation. The UAE assessed the missiles as directed at maritime traffic, while Iran denied launching them. The suspension disrupts the UAE's role as a major trade and re-export gateway for Iran and may increase Iran's economic isolation. Continuing threats to shipping through the Strait of Hormuz also create economic risk for the UAE's regional business, finance and tourism position.
August 19, 2026
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Inflation persistence and expectations guide continued rate hold amid supply shocks and uncertainty over broader price pressures.
Monetary policy calibration remains contingent on clearer evidence that supply-side price shocks are becoming persistent, broad-based inflationary pressures. The policy rate was maintained unchanged amid uncertainty from higher energy costs, supply-chain disruption, an erratic monsoon and food, fuel and input-price risks. Policy tightening may be required if inflation becomes generalised, expectations become de-anchored, or inflation persists. A wait-and-watch approach was preferred pending clearer realised inflation, forecasts, weather effects and global conditions.
August 19, 2026
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Online credit card applications streamline comparison, eligibility screening and e-KYC, while approval remains subject to issuing-bank criteria.
Online credit card applications through the JioFinance app combine card comparison, eligibility checks, electronic verification, application submission and status tracking. Eligibility screening may occur without affecting the applicant's credit score, but approval remains subject to the issuing bank's criteria and internal policies. Aadhaar-based e-KYC or other accepted electronic verification may be used where applicable. Applicants should provide accurate Aadhaar, PAN and mobile details. Eligible approved applicants may receive a virtual card before physical-card delivery, subject to applicable terms and conditions.
August 19, 2026
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Comprehensive strategic partnership drives ministerial and business engagements on investment, market access, technology collaboration, skills and agri-food trade.
India-Singapore economic engagement is being advanced through ministerial and business roundtables under the Comprehensive Strategic Partnership. A multidisciplinary business delegation is undertaking business-to-business, government-to-business and institutional engagements focused on partnerships, investment, market access, technology collaboration and talent development. Agricultural trade cooperation includes promotion of Indian agri-food exports through a retail initiative. The engagement seeks to strengthen trade, investment, digitalisation, advanced manufacturing, skills development, green-economy cooperation and people-to-people ties.
August 19, 2026
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International senior notes issuance diversifies the bank's funding sources and expands access to global debt capital markets.
IDFC FIRST Bank accessed international debt capital markets through its IFSC Banking Unit at GIFT City by issuing inaugural fixed-rate senior notes with a three-year tenor, due in 2029. The notes were offered to investors outside the United States under the Regulation S format. The issuance followed an investment-grade long-term issuer credit rating with a stable outlook, diversifies the bank's funding sources, and creates an avenue for access to global capital markets in support of long-term growth.
August 19, 2026
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Closing auction session safeguards market transparency through pooled order matching, backed by immediate action against manipulation and stronger monitoring.
Closing auction session (CAS) improves transparency and reduces manipulation in end-of-trading price formation by pooling buy and sell orders during a designated closing window for auction-style matching. Manipulation intended to undermine CAS is subject to prompt and stringent action, supported by enhanced monitoring. Responsible use of artificial intelligence and machine learning requires tiered accountability and governance, including kill-switch, human-in-the-loop and data controls. Regulated entities remain responsible for privacy, security and integrity of investor data used by every AI tool they deploy.
August 19, 2026
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Foreign exchange market movement shows rupee pressure from elevated crude prices, moderated by reserves, intervention and FCNR(B) inflows.
Foreign exchange market movement saw the rupee depreciate marginally against the US dollar amid higher global crude oil prices, heightened West Asia tensions, a stronger dollar environment and weaker domestic equity markets. Central-bank intervention and foreign fund inflows provided support. Adequate foreign-exchange reserves and stronger-than-expected FCNR(B) scheme inflows were identified as factors limiting the scope for sharp depreciation.
August 19, 2026
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AI reliability engineering expands through an enterprise hub supporting AI assurance, agentic engineering, observability and trusted AI deployment.
QualityKiosk Technologies has established a Hyderabad engineering hub to expand AI reliability engineering, AI assurance and agentic engineering capabilities. The centre supports engineering, marketing, branding, analyst-relations and advisory functions, while serving enterprise demand for AI reliability, product engineering, CloudOps and automation. It advances an AI reliability operating framework covering AI for reliability, reliability of AI, agentic engineering, shift-right engineering, frontier-system reliability, observability and platform-based delivery to promote governance, resilience, operational trust and assurance in AI-powered systems.
August 19, 2026
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Money laundering investigation examines alleged diversion of government contract funds and their use in creating trust and university assets.
Money-laundering investigation under the Prevention of Money Laundering Act led to searches of premises associated with the Maulana Mohammad Ali Jauhar Trust, its university, linked companies, promoters and a chartered accountant. The inquiry concerns alleged diversion of government contract funds through private contractors and their alleged subsequent use, including for creating assets of the Trust and university. Separate planning-law issues concern allegations that most university buildings were constructed without approved plans.
August 19, 2026
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Foreign exchange market conditions supported marginal rupee strength despite crude oil pressures, regional tensions and oil-company dollar demand.
Foreign exchange market conditions reflected a marginal strengthening of the rupee against the US dollar in early trading, supported by reported Reserve Bank of India intervention, a softer dollar index and foreign institutional equity inflows. Higher global crude oil prices, West Asia tensions and oil-company demand for dollars continued to exert pressure, resulting in a range-bound trading environment.

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Leadership Beyond Boundaries: India's Visionaries Driving Multi-Sector Transformation

January 5, 2026

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CHANDIGARH, India, Jan. 5, 2026 /PRNewswire/ -- Kiteskraft Productions LLP proudly celebrates ten distinguished personalities whose leadership, creativity, and influence are shaping India's dynamic growth story across diverse domains. From visionary business leaders and trailblazing entrepreneurs to social activists, filmmakers, designers, sports professionals, infrastructure pioneers, and accomplished writers, these changemakers represent the spirit of a new India driven by purpose and progress. Each honoree has carved a unique path—building enterprises, transforming communities, redefining creative expression, strengthening infrastructure, promoting sportsmanship, and contributing powerful ideas through the written word. Their journeys reflect resilience, innovation, and a deep commitment to nation-building. Together, they embody a growing movement of excellence that transcends industries, inspires future generations, and lays the foundation for sustainable and inclusive development. Dr. Luv Bhardwaj: Dr. Luv Bhardwaj stands as a distinguished example of ethical entrepreneurship and service-oriented leadership in contemporary India. A graduate in Political Science from Ramjas College, he began his journey in the export sector with the founding of Rangoli Export in 1994, laying the foundation for a business philosophy rooted in integrity and purpose. Over the years, he expanded into FMCG, early-childhood education, and legal services through ventures such as Richfield Industries, Udgam Pre School, and Vista Law Partners. His work reflects a belief that enterprise must balance growth with empathy and cultural values. Honoured with an Honorary Doctorate and global excellence awards, he continues to inspire through service, mentorship, and his forthcoming book Dharmachar, which translates timeless Indian wisdom for modern leadership. Apong Gyadi Taniang: Apong Gyadi Flago, also known as Taniang, is regarded as one of Arunachal Pradesh's most influential emerging leaders, admired for her work as a social activist, philanthropist, entrepreneur, and community advocate. As Vice President of Nyishi Nyem Acham, she has actively advanced grassroots development, women's empowerment, and social justice initiatives across the state. Her notable philanthropy includes donating 20,000 square meters of land for a Christian Mission School to support underprivileged children. Deeply committed to women's welfare, she mobilized widow support funds, providing financial assistance and dignity to vulnerable families. She is a vocal supporter of the #JusticeForTaduHaro movement and became the first individual in Arunachal Pradesh to adopt a hornbill, highlighting her dedication to conservation. Her impactful contributions. V Rajagopal: IEFS PARIS, the internationally acclaimed film production house with a strong presence across India, France, and the United Kingdom, has announced a historic global action feature poised to redefine Indian cinema worldwide. Founded by veteran industry professional V. Rajagopal, the studio achieves a landmark first as the project becomes the first Indian feature film to secure the Indo–China Co-Production Film Permit Certificate, enabling direct theatrical release in Mainland China and opening an unprecedented global distribution corridor. Creative development is led by internationally celebrated filmmaker Alex Rodriguez of Money Heist fame, while direction is helmed by legendary Hong Kong–Chinese filmmaker Mr. Herman Yau, whose career spans over 80 iconic films. The film unites leading stars from India, China, and key global markets, supported by world-class international technicians. Backed by a massive production budget and bold vision, it will release simultaneously across more than 40,000 screens worldwide, marking a defining moment. Mohd Akram Khan: Founded in 2018, A.K. Projects has emerged as a symbol of excellence in interior and exterior design, delivering end-to-end solutions across Mumbai and Uttar Pradesh. Driven by a passion for design and uncompromising quality, the firm transforms ordinary spaces into elegant, functional, and inspiring environments. Specializing in residential, commercial, and corporate interiors, it offers comprehensive services including civil execution, space planning, custom furniture, electrical works, POP, painting, HVAC, and project management. Each assignment is thoughtfully conceptualized and meticulously executed by a skilled professional team, ensuring superior craftsmanship and timely delivery. What truly differentiates A.K. Projects is its client-centric approach, seamlessly blending creativity with practicality while offering cost-effective solutions without compromising standards. Guided by a clear vision of innovation and reliability. Master J. S. Krithvik Arya: A Young Prodigy Redefining Early-Age Sports Excellence in India Master J. S. Krithvik Arya, a five-year-old sporting prodigy from Tamil Nadu, is rapidly emerging as one of India's youngest and most inspiring athletes. Introduced to the ancient martial art of Silambam at just three, he quickly showcased exceptional discipline, focus, and technical skill far beyond his age. His dedication has earned him multiple district and state-level accolades, along with the prestigious 'Best Young Silambam Performer of the Year' award by Kiteskraft Production. Alongside martial arts, Krithvik has impressed trainers with his passion for Marathon running, displaying remarkable stamina and mental resilience. Supported by devoted parents and expert coaching, he is becoming a symbol of early-age sports excellence, inspiring renewed interest in traditional Indian sports and motivating young aspirants nationwide. Rajdeep Bhattacharya: Rajdeep Bhattacharya is a distinguished leader in India's infrastructure sector, with over three decades of experience spanning metro rail, highways, industrial, marine, and nuclear projects. A seasoned civil engineer and strategic executive, he is widely respected for combining technical excellence with strong business and governance acumen. Currently serving as Chief Project Officer at Leap India Foods & Logistics Ltd., he leads a ₹3,000+ crore project portfolio with a focus on sustainability, ESG integration, and operational excellence. His career includes senior roles at Maharashtra Metro Rail Corporation, AECOM, Larsen & Toubro, JKumar Infraprojects, and Gammon India. An alumnus of IIM, XLRI, and KPMG, and a certified PMP and Independent Director, he continues to shape India's infrastructure future with vision, precision, and purpose. Srinivasulu Dhanala : Founded in 2024 by Srinivasulu Dhanala, Microgreens De Manikonda (MGM) reflects Hyderabad's growing movement toward clean, conscious, and sustainable nutrition. What began as a personal initiative to access dependable, chemical-free food has rapidly evolved into one of India's largest controlled indoor microgreens farms, expanding from 80 square feet to 2,700 square feet within a short span. Operating in a soil-free and chemical-free environment, MGM cultivates over 25 varieties of nutrient-rich microgreens, harvesting strictly against confirmed orders to ensure peak freshness and nutritional integrity. Trusted by households, restaurants, dieticians, and fitness enthusiasts, the brand is known for its transparency and consistency. Beyond cultivation, MGM promotes nutrition awareness through workshops, podcasts, and guided farm visits, reinforcing its commitment to healthier urban lifestyles. Dr. Rakesh Kumar Sinha: Dr. Rakesh Kumar Sinha is a distinguished leader in India's industrial and business excellence landscape, widely respected for advancing operational efficiency, quality systems, and organizational transformation. Currently President of Thrive India and former Chief Operating Officer of Confidence Petroleum India Limited, he brings over three decades of cross-industry leadership experience. His career spans operations management, multi-plant manufacturing, project execution, and integrated management systems across energy, engineering, packaging, and manufacturing sectors. Known for aligning profitability with sustainability, he has driven record productivity improvements and successful large-scale expansions nationwide. A Doctorate holder in Business Excellence and a Six Sigma Master Black Belt, he continues to guide organizations through strategic governance, talent development, and continuous improvement, shaping a future-ready industrial ecosystem nationwide. Dr. Masanipalli Peramandlu: Dr. Masanipalli Peramandlu, a Hyderabad-based real estate entrepreneur, exemplifies rare, fully self-sponsored social leadership in India. For over 17 years, every initiative of the Chatrapathi Shivaji Foundation in Bibipet, Kamareddy, has been funded solely from his personal earnings, inspired by his late mother Masanipalli Suvarnamma's philosophy of selfless service. His initiatives span healthcare, education, environment, culture, spirituality, sports, and women's empowerment. A free ambulance service has saved over 1,000 lives, while long-term efforts include education support for orphaned girls, sanitation facilities, water camps, libraries, skill-training centers, and large-scale environmental drives. Nationally recognized with prestigious awards, his journey reflects leadership where success is defined not by wealth accumulated, but by lives transformed across communities, inspiring responsible citizenship and sustainable development. Mr. Vikram Kamrendra Singh: Prof. Dr. Madan Chandra Karan is a renowned educationist and internationally acclaimed writer whose contributions to literature and academia have earned global recognition. With academic credentials including MA, MPhil, PhD, and multiple honorary D.Litt titles, he is widely respected for his scholarly depth and creative excellence. Writing fluently in Bengali, Hindi, and English, he has authored several acclaimed works such as Jannater Samsar, Madan Manjari, The Communalism and Counter Communalism, Adrishya Pira, and The Unseen Agony. His writings reflect strong human values, social consciousness, and cultural harmony, many of which have been translated into other languages. Honored with prestigious national and international awards from India, the UK, USA, Germany, and Bangladesh, he continues to inspire readers, scholars, and students worldwide. About Kiteskraft Productions LLP Kiteskraft Productions LLP, established in 2019, is a premier organizer of National and International Conferences and Award ceremonies across sectors like Education, Business, Healthcare, NGOs, and Entertainment. With a mission to recognize excellence, Kiteskraft honors individuals who drive innovation and outcome-based learning. Certified by ISO and MSME, and registered under MCA, it upholds high standards of quality. Recognized by the Scholar's Book of World Records, Kiteskraft fosters industry collaboration through impactful events. With a dedicated team and a vision for excellence, Kiteskraft Productions LLP continues to inspire, empower, and shape a brighter future. Visit www.kiteskraft.com for more. Photo: https://mma.prnewswire.com/media/2854191/Leadership_Beyond_Boundaries.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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