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    Par panel for early conclusion of India-US trade pact, tariff exemptions on key goods
    No commitments relating to ethanol import from US for fuel blending under FTA talks: Govt
    No concession or commitment on import of Ethanol for fuel blending from the United States
    Office of the Controller General of Patents, Designs and Trade Marks Announces Tentative Schedule for Patent and Trade Marks Agent Examinations 2027 a...
    RBI invites comments on the draft “Reserve Bank of India (Non-Banking Financial Companies – Credit Facilities) Amendment Directions, 2026”
    West Bengal seeks 100pc foodgrain, 40pc sugar jute packaging quota at SAC meeting
    RBI clasifies Tata Sons, 16 others as large NBFCs
    Sensex climbs 374 points on buying in Reliance, ICICI Bank; Nifty ends flat
    Insurance Division, DFS Secures 3rd Rank in Group A Category of Grievance Redressal Assessment & Index (GRAI) for June 2026
    VKDL Group’s NPA Bazaar Strengthens India’s Distressed Asset Resolution Ecosystem Under the Leadership of V K Dubey
    Lok Sabha passes bill to authorise govt to permit banks to levy charges on UPI transactions
    Monetary Policy Statement, 2026-27 Resolution of the Monetary Policy Committee August 3 to 5, 2026
    Stock markets edged higher in early trade amid lower crude oil prices, buying in Reliance Industries
    Monthly review of accounts of Government of India upto June 2026 (FY 2026-27)
    DRI busts illegal drug manufacturing unit in Satara district in Maharashtra; two arrested
    CCI approves proposed combination inter alia involving share acquisition(s) and merger of certain entities e.g. AAPC India, Triguna, Caddie, SMPL, Tec...
    Rupee gains 20 paise to close at 95.08 against US dollar post-RBI policy decision
    TN Budget: Revenue deficit at Rs 55,775 crore, fiscal deficit estimated at Rs 1,21,819 crore
    Tatkare slams ‘gungi gudiya’ jibe against Sunetra; Cong says row being exploited for political gains
    RBI invites public comments on Draft Guidelines for ‘on tap’ Licensing of Urban Co-operative Banks
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    August 6, 2026
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    Bilateral trade agreement negotiations should secure tariff certainty, protect key exports, strengthen supply chains, and support vulnerable small industries.
    An early Bilateral Trade Agreement is proposed to protect Indian interests, secure tariff exemptions for key exports, reduce barriers affecting industrial products, and create predictable trade conditions. Recommended measures include financial and export-credit support for small industries, real-time monitoring of customs requirements, documentation assistance, and timely policy support against tariff and non-tariff barriers. Export strategy should develop knowledge services and critical supply-chain integration, while a National Fund should assist suppliers with redesign, tooling, certification and entry into new global supply chains.
    August 6, 2026
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    Ethanol imports for fuel blending remain excluded from trade commitments, with domestic producers continuing to supply the blending programme.
    Ethanol imports for fuel blending remain outside concessions or commitments in India-US trade discussions. Under the Ethanol Blended with Petrol Programme, ethanol procurement is governed solely by domestic policy requirements and is sourced entirely from domestic producers. Claims of existing or intended large-scale ethanol imports from the United States for fuel blending, or of a policy change permitting them, are stated to be baseless.
    August 6, 2026
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    Domestic ethanol sourcing for fuel blending continues unchanged, with no import commitments or concessions involving United States ethanol.
    Ethanol used for fuel blending under the Ethanol Blended with Petrol Programme is sourced entirely from domestic producers, with no imports from the United States for that purpose. No concessions or commitments on importing United States ethanol for fuel blending have been made in trade discussions. Fuel blending and ethanol procurement continue to be governed solely by domestic policy requirements, and claims of a policy change allowing large-scale imports are incorrect.
    August 6, 2026
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    Patent and trade marks agent qualification examinations require written-paper minimums, aggregate passing scores, and viva voce assessment for registration.
    Patent and trade marks agent examinations comprise an objective Paper I, a descriptive Paper II and a viva voce assessing suitability to practise before the Intellectual Property Office. Candidates must secure the stipulated minimum marks in each written paper and the required aggregate score to pass. Registration in the relevant Register of Patent Agents or Register of Trade Marks Agents is available only to candidates who satisfy all prescribed eligibility conditions and qualify the examination.
    August 6, 2026
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    Draft NBFC credit-facilities amendments open for stakeholder consultation through designated online and email feedback channels.
    Draft amendments to the Non-Banking Financial Companies credit-facilities framework have been released for public consultation. Regulated entities and other interested stakeholders may submit comments or feedback through the 'Connect 2 Regulate' platform or by email using the specified subject line.
    August 6, 2026
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    Mandatory jute packaging reservations were urged to protect cultivators, mill workers, crop absorption, and environmentally sustainable packaging.
    Mandatory jute packaging reservations were sought to be retained at full coverage for foodgrains and increased for sugar packaging for the forthcoming Jute Year. The submission before the Standing Advisory Committee emphasised absorption of bumper jute output, remunerative prices for cultivators, uninterrupted mill operations, and protection of farm and worker livelihoods. It also stressed that biodegradable jute bags offer an environmentally friendly alternative to HDPE and polypropylene woven sacks, and that dilution of compulsory packaging could undermine plastic-pollution reduction efforts.
    August 6, 2026
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    NBFC Upper Layer classification imposes enhanced regulation and listing obligations, while de-registration applications remain under examination.
    NBFC Upper Layer classification subjects identified large non-banking financial companies to enhanced regulatory requirements for at least five years and requires stock-exchange listing within three years of identification. The framework divides NBFCs into Base, Middle, Upper and Top Layers. Seventeen large NBFCs were included in the Upper Layer list, while Tata Sons' classification remains subject to the pending examination of its de-registration application.
    August 6, 2026
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    Closing auction price discovery may affect benchmark levels differently based on constituent liquidity and concentrated institutional order flow.
    The Closing Auction Session in the equity cash segment uses an auction-based method to determine closing prices of eligible shares with futures and options contracts, aiming to strengthen transparent and robust price discovery. Its effect on benchmark closing levels may differ according to constituent liquidity and institutional order flow. The Reserve Bank of India retained the policy repo rate and neutral stance, indicating that future policy decisions will be data-dependent and influenced by assessment of energy-cost effects on inflation.
    August 6, 2026
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    Public grievance redressal strengthens through monitoring, senior review, workshops, stakeholder coordination, and customer-centric service delivery improvements.
    Public grievance redressal is assessed through the Grievance Redressal Assessment and Index, which analyses grievance categories and disposal. The Department of Financial Services' Insurance and Banking Divisions received third and sixth ranks respectively in the June 2026 assessment. Its framework includes disposal of grievances, random reviews by senior officials, and workshops on effective grievance redressal, supporting best practices, stakeholder coordination, technology use, customer-centric service, and accountable public service delivery.
    August 6, 2026
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    Distressed asset resolution integrates restructuring, insolvency advisory, funding facilitation and digital marketplaces for transparent financial recovery transactions.
    The platform provides integrated advisory, management and transaction-facilitation services for Non-Performing Assets, stressed assets and distressed assets. Its services include NPA resolution, debt restructuring, One-Time Settlements, funding assistance, insolvency and bankruptcy advisory, asset reconstruction, financial restructuring and capital raising. Digital and offline marketplaces facilitate transactions involving distressed assets, receivables and related movable or immovable properties, supported by collaborations with banks, Non-Banking Financial Companies, Asset Reconstruction Companies, corporates and investors.
    August 6, 2026
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    Merchant discount rate framework may permit charges on notified UPI and digital payments through a government notification mechanism.
    The proposed amendment to Section 10A of the Payment and Settlement Systems Act, 2007 replaces the existing income-tax-linked reference with a Central Government notification-based mechanism for electronic payment modes. It removes the current statutory restriction preventing banks and payment service providers from charging Merchant Discount Rate on notified modes, enabling the Government to permit charges for UPI and other digital payments. The policy rationale is to support funding for payment infrastructure and a sustainable revenue model for service providers.
    August 6, 2026
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    Neutral monetary policy stance continues as resilient growth and food-fuel inflation risks require close macroeconomic monitoring.
    The Monetary Policy Committee retained the policy repo rate and continued the neutral monetary policy stance, citing the need to assess evolving growth-inflation conditions. Domestic activity was assessed as resilient, supported by consumption, investment, credit, manufacturing, services and exports, although global uncertainty, energy prices, supply-chain pressures, geopolitical developments and monsoon conditions remain risks. CPI inflation increased mainly because of food and fuel pressures, while underlying inflation remained moderate. The Committee considered that price pressures were not yet generalised and reaffirmed its commitment to align inflation with the target.
    August 6, 2026
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    Closing auction price discovery and a neutral monetary policy stance shaped equity market conditions amid lower crude prices.
    The Closing Auction Session in the equity cash segment introduced an auction-based mechanism for determining closing prices of eligible shares with futures and options contracts, intended to make price discovery more transparent and robust. The Reserve Bank of India retained its neutral stance and left the benchmark policy rate unchanged, pending greater clarity on the inflationary effects of higher energy costs. Future policy decisions were stated to be data dependent.
    August 6, 2026
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    Monthly public accounts review records receipts, expenditure, tax devolution, interest payments, subsidies, and capital spending through June.
    Consolidated monthly accounts up to June 2026 report total receipts of Rs.10,49,243 crore, comprising net tax revenue, non-tax revenue and non-debt capital receipts. Tax devolution transfers to State Governments total Rs.2,63,336 crore. Total expenditure is Rs.13,57,076 crore, including revenue expenditure of Rs.10,16,818 crore and capital expenditure of Rs.3,40,258 crore. Revenue expenditure includes interest payments and major subsidies.
    August 6, 2026
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    Illicit psychotropic drug manufacture triggered seizure, apprehensions, and investigation into planned trafficking under narcotics control law.
    Illicit manufacture and trafficking of Alprazolam and Diazepam, psychotropic substances regulated under the Narcotic Drugs and Psychotropic Substances Act, 1985, were detected at a clandestine facility. Searches recovered finished and intermediary substances, together with raw materials and reaction mixtures used in manufacture, and the goods were seized under the Act. The manufacturer and an intended buyer were apprehended, with material indicating a proposed transaction for further illicit trafficking. Preliminary investigation indicated prior involvement in illegal drug production and trafficking.
    August 6, 2026
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    Competition approval for hotel-sector consolidation covers share acquisitions and merger of Accor-branded hotel entities into InterGlobe Hotels.
    Competition approval was granted for related share acquisitions and the merger of AAPC India, Caddie, Triguna, Srilanand Mansions, Techpark and Accent into InterGlobe Hotels. The combination involves entities jointly controlled by the Bhatia Family Group and the Accor Group, including hotel-owning and developing entities, hotel management and franchising operations, leasing activities, and captive consultancy and support services relating to Accor-branded hotels in India.
    August 5, 2026
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    Rupee appreciation followed unchanged monetary policy, lower crude prices, weaker dollar and expectations of orderly exchange-rate management.
    The rupee strengthened after the central bank maintained its policy rate and neutral monetary-policy stance. Lower crude oil prices, a weaker US dollar and declining US Treasury yields supported investor sentiment. Earlier measures to attract capital inflows remained part of the framework supporting the rupee, while the central bank stressed its endeavour to preserve an orderly currency trajectory. Future movement was linked to geopolitical de-escalation, global risk sentiment and US economic data.
    August 5, 2026
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    Fiscal consolidation through revenue mobilisation and leakage control aims to reduce deficits while expanding capital expenditure capacity.
    Tamil Nadu's Revised Budget Estimates for 2026-27 project a revenue deficit and fiscal deficit, with outstanding liabilities comprising public debt and public-account liabilities. Revenue mobilisation is proposed through improved tax administration, collection efficiency, closure of leakages, liquor-manufacturer privilege fees, and eligible Union grants. The strategy projects gradual deficit reduction to create room for capital expenditure, supported by expenditure reforms aimed at eliminating leakages, optimising expenditure, and improving service delivery.
    August 5, 2026
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    Political criticism of public office-holders raises debate over media accountability, personal remarks, and acceptable public discourse.
    Political criticism followed a social-media post describing Maharashtra Deputy Chief Minister Sunetra Pawar as "gungi gudiya" in connection with a press interaction on law-and-order issues in Beed district. Congress representatives stated that the post was not a personal insult, had been deleted after adverse reactions, and was followed by an expression of regret. NCP representatives termed the expression inappropriate and stressed that the principal dignitary should conduct media interactions. Shiv Sena (UBT) representatives described the phrase as not unparliamentary and linked it to criticism of a guardian minister's public responsibilities.
    August 5, 2026
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    On-tap licensing for Urban Co-operative Banks enters public consultation through draft guidelines inviting stakeholder feedback.
    Draft guidelines for 'on tap' licensing of Urban Co-operative Banks have been issued for public and stakeholder consultation. Comments and feedback may be submitted until September 05, 2026, through the designated online consultation facility or by written or email submission to the specified regulatory department.

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      Chandigarh University Launches India's First 'AI Fest – 2026'; Registration Portal Launched

      January 22, 2026

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      Chandigarh University's AI Fest- 2026 to be hosted from Feb 19 to 21 on the sidelines of India AI Impact Summit 2026 CHANDIGARH, India, Jan. 22, 2026 /PRNewswire/ -- To empower young innovators, ignite creativity, and translate bold ideas into technology-driven, real-world solutions, Chandigarh University launched India's first 'AI Fest -2026', a three-day mega innovation initiative that feature three flagship platforms including 'CU InnovFest 2026', Campus Tank and Sandbox on the sidelines of the 'India AI Impact Summit 2026' in New Delhi from February 19 to 21. Envisioned as a national launchpad for AI-led startups and entrepreneurial talent, the fest aims to bridge the gap between idea generation, product development and market-ready solutions by providing mentorship, industry exposure, funding pathways and incubation support by fostering innovation across AI, deep tech and emerging technologies, this first-of-its kind initiative is aimed at nurturing scalable startups, address critical societal and industry challenges and make contribution towards realizing the vision of Viksit Bharat through sustainable, innovation-driven economic growth. The unveiling of the AI Fest was done in the presence of Umar Ali Shaikh, Chief Executive Officer, Atos Solutions & Systems Pvt Ltd and Member of Parliament (Rajya Sabha) and Chancellor Chandigarh University Satnam Singh Sandhu among other dignitaries. The dignitaries present during the launch also unveiled the InnovBot (Robot) as the official mascot and official website of AI Fest 2026, symbolizing the university's spirit of innovation, cutting-edge technology and its vision to inspire young minds to think beyond boundaries and drive tech-driven solutions to realize the vision of Viksit Bharat. The registration for participation in the fest is now officially opened and interested candidates can register at https://www.cuchd.in/innovfest-2026/. The AI Fest hosted by Chandigarh University is designed to fuel next-generation innovation in emerging fields such as AI, Deep-Tech, Blockchain Technology and others. The fest will feature over 35 competitions across three categories, bringing together more than 1,000 national and international teams from across the country to showcase their creativity, technical expertise and problem-solving capabilities. With a total prize pool exceeding Rs 1 crore, winning teams will be honoured with cash awards along with certificates of excellence. The fest will serve as a launchpad for ideas with impact through immersive hackathons, innovation challenges, expert panel discussions, skill-driven workshops and collaborative sessions. By fostering a culture of innovation, experimentation and interdisciplinary collaboration. Another part of India's first AI Fest hosted by Chandigarh University would feature a National Finale of Campus Tank event which is aimed to boost University led start-up ecosystem specially in the emerging field of AI, Deep-tech, Healthcare and other fields. Chandigarh University in collaboration with Apna – an Indian Unicorn and leading professional job networking platform and Venture Catalysts – India's top incubator for startups had launched Campus Tank - India's first university-led start-up launchpad in August 2025 with an opportunity to earn access to a funding pool of $6 Million. A total of 1055 start-up applications were received for Campus Tank of which 331 startups have been shortlisted to participate in the on-campus rounds. The finale on 21st February would feature a final pitch competition amongst the top 10 teams. The AI Fest 2026 would also feature Sandbox, organized by Chandigarh University's Technology Business Incubator (CU TBI) which is an open innovation platform inviting participation from students, professionals, startups and independent innovators. During the AI Fest 2026, the young innovators would showcase their new products and ideas. CU-TBI would felicitate the final 10 shortlisted teams to formalize a Deep-Tech and AI based Cohort. Addressing the gathering of students during the launch, Umar Ali Shaikh, Chief Executive Officer, Atos Solutions & Systems Pvt Ltd who was Chief Guest on the occasion said, "Businesses and innovation are all about course correction and to succeed, you must believe in yourself, your cause and the value you create. Skills alone are not enough, you also need willpower, the drive from within to keep learning, improving and pushing yourself. You can upskill, but without the will, knowledge alone won't take you far. You need to have a marathon mindset. Life and innovation are not 100-meter sprints, they are 42-kilometer races. Patience, persistence and staying focused on your purpose will differentiate you from the rest. Technology and AI are constantly evolving so learn continuously to keep your skills and solutions relevant." Shaikh added, "Finally, balance competition with compassion. That combination ensures your innovations are long-term and meaningful, not just short-term wins. India is emerging as the global leader in AI talent, positioning the country at the forefront of the digital economy. By 2030, the AI ecosystem is expected to generate millions of new jobs underlining AI's transformative impact on economic expansion and national development. AI is an enabler, not a replacement. It helps us work faster and smarter, but human intelligence must remain central. Use AI wisely, innovate with purpose, stay cause-driven and cultivate skills and mindset that make you valuable contributors to society and industry." He further added that, "As innovators, you must stay on course, focus on learning and align your work with real impact. Skills matter, but will, purpose and ethical responsibility matter even more. Believe in your ability to make a difference and show the world that India's AI talent from Chandigarh University can deliver real-world impact, not just IT support," added Shaikh. Member of Parliament (Rajya Sabha) and Chancellor Chandigarh University Satnam Singh Sandhu said, "In line with the vision and action framework of the AI Impact Summit 2026 scheduled to be held in Delhi on February 19 Chandigarh University has launched India's first AI Fest to drive innovation for Viksit Bharat. Artificial Intelligence is expected to play a decisive role in achieving the vision of Viksit Bharat by 2047. The yuva, youth of the nation has been identified by our honourable Prime Minister Narendra Modi as one of the four key pillars to realize the vision of Viksit Bharat. Recognizing the critical role that young minds and deep technologies can play in realizing this national vision, Chandigarh University has been consistently organizing technology-driven initiatives to promote innovation and nurture an entrepreneurial mindset among the youth. AI Fest - 2026 is a continuation of this commitment. Just as the AI Impact Summit is guided by the three sutras (foundational pillars) of People, Planet and Progress under the AI for All agenda, AI Festa at CU also aims to ignite the spirit of innovation among the next generation and inspire them to harness AI for social good." Sharing details of the fest, Deepinder Singh Sandhu, Senior Managing Director, Chandigarh University, said, "AI Fest 2026 which is first of its kind in India is an attempt to bring together passionate student innovators from across the country under one roof to create a high-energy ecosystem of creation, collaboration and breakthrough thinking. The platform bridges the gap between ideation and implementation, enabling young innovators to translate concepts into scalable, technology-driven real-world solutions. This AI fest reaffirms Chandigarh University's commitment to nurturing future-ready innovators capable of driving technological advancement and societal transformation for a Viksit Bharat. With its expansive scale, industry collaboration and innovation-driven focus, CU AI Fest 2026 is poised to emerge as one of India's most impactful university-led platforms for nurturing innovation, creativity and future-ready talent". All 35 contests under InnovFest 2026 are centered around five strategic pillars including Deep Tech & Intelligent Systems, Governance, Law & National Resilience, Innovation Led Markets & Leadership, Advanced Engineering, Design & Physical Systems, Creativity, Design Thinking & Human Expression. The fest will also provide participants with the opportunity to earn globally recognized certifications from SAS, the world's leading analytics and data science software company, with certification benefits valued at over Rs 1 crore. Moreover, the participants will also get technical and financial support for Scopus Indexed publications and patent filing. CU InnovFest 2026 is being organized by Chandigarh University in collaboration with leading industry partners including Meta, Krafton, Altium, Samsung, Kathputli and IGDC. Under the Star Events category, 'AI Hack Matrix – AI for Good: Solutions for Social Impact', a 24-hour hackathon focused on developing AI-powered solutions for societal challenges, offering prizes worth Rs 1.5 lakh. Genesis-X will challenge participants to develop AI-driven games within 36 hours, with prizes worth Rs 2.5 lakh. 'Resilient India – A Bridge Towards a Developed India' will feature student competitions in photography, documentary filmmaking and policy drafting, with a prize pool exceeding Rs 1.50 lakh. The Apex Ad Sprint will spotlight marketing innovation through brand-building and digital communication strategies, offering prizes of up to Rs 3 lakh. Under the Flagship Events category, Drone Forge will see students design, build and pilot drones within a limited timeframe, with a prize pool of Rs 1 lakh. PCB Innovatex, a workshop and design challenge in collaboration with Altium, will focus on PCB design, carrying prizes worth Rs 4.45 lakh. The Nationwide Moot Court Competition will bring together law students from across the country, competing for prizes worth Rs 2.17 lakh. Mapathon, a collaborative thematic map-making competition, will offer a prize pool of Rs 3.5 lakh, while ProtoWar, a hardware and prototype development challenge, will carry prizes worth Rs 1.5 lakh. CaseVerse – Case Studies and Simulation, organized in collaboration with Harvard Business Publishing Education, is a high-impact academic-industry interface anchored around the theme 'Leveraging AI for Sustainable Business Solutions'. The competition immerses participants in complex real-world business scenarios where artificial intelligence, innovation and sustainability intersect, with a prize pool of Rs 60,000. Under the Core Events category, the participants will also compete in a wide range of creative and technical events including Hovermania, Chef De Campus, PHYSX Fusion, Shelter Genius, Robotics Skills Challenge, Virtual Patient Journey Challenge, AI Quest, CodeReplay, TechCouture, Vanity Cup, MilletVerse, Innovative Healthy Street Food, Wealthcraft Challenge, Think Like an Economist, Bio-Circular Innovation Sprint, Confloat, Tech4SDG Ideathon, Apex Energy AI Summit, Itinerary Innovator Challenge, Revealing the Invisible: Instrumental Chemistry in Environmental Monitoring, Pharma Manthan, Future Build Innovation Pitch Competition, Tech for Truth – AI in Criminal Investigation and Beyond, and Learning Carnival. Key Highlights of AI Fest - 2026: • Campus Tank – India's First university-led startup launchpad offering access to a $6 million pooled funding opportunity to support high-potential, innovation-driven ventures. • Sandbox – An open, no-age-bar innovation platform where 10 selected teams will work on AI and deep-tech solutions under a structured startup cohort. • InnovFest - Over 1,000 national and international teams to participate in 35 competitions across three categories with prizes worth Rs 1 Crore • Globally recognized SAS certifications worth over Rs 1 crore up for grabs for participants, along with other prestigious certifications • AI Hack Matrix – AI for Good, 24-hour non-stop hackathon offering prize money of Rs 1.5 lakh to the top three teams • PCB Innovatex: A PCB design workshop and challenge in collaboration with Altium, offering prize money worth Rs 4.45 lakh • Handholding, Funding and Incubation support by Chandigarh University to the best Start-up ideas • Genesis-X: A 36-hour flagship challenge where teams develop AI-powered games, with prizes of Rs 2.5 lakh • Resilient India: A multidisciplinary competition focusing on photography, disaster awareness, documentaries and policy drafting with prizes exceeding Rs 2.5 lakh • Apex & Sprint: A premier marketing challenge where teams showcase branding skills with prizes up to Rs 3 lakh About Chandigarh University Chandigarh University is a NAAC A+ Grade University and QS World Ranked University. This autonomous educational institution is approved by UGC and is located near Chandigarh in the state of Punjab. It is the youngest university in India and the only private university in Punjab to be honoured with A+ Grade by NAAC (National Assessment and Accreditation Council). CU offers more than 109 UG and PG programs in the field of engineering, management, pharmacy, law, architecture, journalism, animation, hotel management, commerce, and others. It has been awarded as The University with Best Placements by WCRC. Website address: https://www.cuchd.in/ Photo: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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