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    PM Modi, UK PM Burnham commit to harnessing full potential of mega trade deal
    ITC Q1 profit declines 15.6 pc to Rs 4,508.79 cr; non-cigarette FMCG posts robust growth
    Punjab extends deadline of one-time scheme for settling tax dues of pre-GST period till Sept 30
    PM Modi speaks to UK counterpart Burnham
    Bank credit to industry records robust growth of 19.2 pc in June: RBI data
    Delhi protesters' fingerprints collected from stones for identification via Aadhaar: BJP minister
    Cabinet approves Rs 84,084-cr offshore exploration scheme; govt to fund up to Rs 650 cr per well
    India's forex reserves jump USD 6.12 bn to USD 682.35 bn
    Jharkhand signs pact with CSC eStore to make SHG products made by women available online
    APEDA Facilitates First-Ever Air Shipment of Karnataka's Neelam and Totapuri Mangoes to the Maldives
    Favara-UPI Cross-Border Payment Corridor Goes Live Between Maldives and India
    SC upholds NCLAT order setting aside CCI's Rs 301.6-cr penalty on Grasim Industries
    China's factory activity unexpectedly slips into contraction in July
    PM Modi to inaugurate Bhogapuram Airport on Aug 1 in Andhra Pradesh
    Rupee rises 20 paise to 95.30 against US dollar in early trade
    APEDA Facilitates First-Ever Sea Shipment of Value-Added Flavoured Makhana from Bihar to Canada
    Indian envoy meets Chinese commerce ministry official; Calls for enhanced market access
    ED attaches Rs 94 crore in foreign bank account in fraud case against Delhi-based rice firm
    Ensure uniform deposit rates across all branches: RBI tells banks
    PM takes stock of geo-political situation, safety of seafarers, supply chain constraints
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    July 31, 2026
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    India-UK trade agreement enables duty-free access and bilateral cooperation on investment, technology, and strategic partnership.
    The India-UK Comprehensive Economic and Trade Agreement provides zero-duty market access in the UK for nearly 99 per cent of India's exports and is intended to expand bilateral trade and investment opportunities. The governments committed to maximise its benefits through the Comprehensive Strategic Partnership, including cooperation on technology, innovation, security, clean energy, education and people-to-people links. Advanced technology collaboration, including artificial intelligence, is also contemplated.
    July 31, 2026
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    Excise duty increases on cigarettes pressured profitability, while calibrated pricing and FMCG growth supported market resilience.
    Excise duty increases on cigarettes affected consolidated profitability, prompting calibrated pricing and portfolio measures to protect market share and limit migration to illicit trade. The cigarette portfolio was re-architected across price points through value-accretive offerings and staggered pricing actions. Non-cigarette FMCG growth was supported by demand for packaged foods, dairy and personal-care products. Input-cost inflation was mitigated through inventory cover, commodity hedging and price-volume rebalancing amid crude-price volatility, supply-chain disruption and imported inflation concerns.
    July 31, 2026
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    One-Time Settlement Scheme offers final pre-GST tax dispute resolution relief before stricter recovery action against defaulters begins.
    The One-Time Settlement Scheme 2025 for pre-GST tax dues has been extended until September 30. Eligible taxpayers may resolve pending legacy tax disputes with full waiver of interest and penalties and slab-wise relief in principal tax. After the deadline, recovery action may be intensified under applicable tax laws and the Punjab Land Revenue Act, including property attachment, auction and freezing of bank accounts. The department also supports amicable settlement of tax disputes through the SAMADHAN initiative.
    July 31, 2026
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    Bilateral trade agreement implementation supports expanded trade, investment and strategic cooperation through technology, security, clean energy and community links.
    The India-UK Comprehensive Economic and Trade Agreement was identified as a framework for expanding bilateral trade and investment opportunities following its operationalisation. The two governments proposed closer cooperation to use the agreement for shared prosperity, while advancing their comprehensive strategic partnership through technology, innovation, defence, security, clean energy, education and people-to-people links.
    July 31, 2026
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    Sectoral bank credit growth reflects broad-based expansion across industry, services, agriculture and personal loans, with slower credit-card growth.
    Sectoral bank credit growth accelerated across non-food lending, agriculture, industry, services and personal loans. Industrial credit expanded across micro and small, medium and large enterprises, with strong lending to infrastructure, engineering, food processing, textiles, construction, metals, petroleum-related products and chemical products. Services lending was supported by non-banking financial companies, commercial real estate and trade. Vehicle and housing loans maintained double-digit growth, while credit-card outstanding growth decelerated.
    July 31, 2026
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    Biometric identification of protesters through alleged fingerprint-Aadhaar linkage was described alongside criminal-background profiling and database creation.
    Biometric identification of protesters through fingerprints recovered from alleged stone-pelting evidence was publicly described as a proposed investigative method. A minister stated that fingerprints allegedly found on stones would be linked with Aadhaar numbers to identify participants and examine their prior records. The account also referred to analysis and categorisation of detained protesters' criminal backgrounds, creation of a separate database, and proposed action against participants described as anti-social elements or persons with criminal records.
    July 31, 2026
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    Offshore hydrocarbon exploration support funds high-risk deepwater drilling, shared infrastructure and data acquisition to strengthen domestic energy production.
    The National Offshore Exploration Scheme provides public support for deepwater and ultra-deepwater oil and gas exploration, including seismic and offshore data acquisition, exploratory drilling in frontier basins, and common production and evacuation infrastructure. It addresses the high cost and geological uncertainty of offshore drilling and includes technology adoption, digital programme management, capacity building and collaboration measures. The scheme seeks to expand domestic hydrocarbon discoveries and production, attract investment across the exploration and production value chain, and reduce reliance on imported oil and gas.
    July 31, 2026
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    Foreign exchange reserves increased as foreign currency assets and gold holdings rose, alongside measures to attract forex inflows.
    India's foreign exchange reserves increased during the reporting week, principally because foreign currency assets and gold reserves rose. Foreign currency assets, expressed in United States dollar terms, include valuation effects from movements in currencies such as the euro, pound and yen. Special Drawing Rights and the reserve position with the International Monetary Fund declined. Measures including the FCNR(B) measure were reported as efforts to attract foreign-exchange inflows following rupee pressure and dollar-sales intervention.
    July 31, 2026
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    Digital marketplace access for women's self-help group products expands e-commerce opportunities while panchayat-level citizen services are strengthened.
    Digital marketplace access for women's self-help group products is proposed through a memorandum of understanding between CSC eStore and the Jharkhand State Livelihood Promotion Society. Products marketed under the 'Palash' and 'Adiva' brands are intended to be offered through an e-commerce network to widen market access, support rural women's income and entrepreneurship, and strengthen the rural economy. Digital panchayat services are also being expanded through Common Service Centres, including banking, e-governance and Aadhaar-related services.
    July 31, 2026
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    Agricultural export facilitation expands market access for late-season mangoes through farmer aggregation and direct global market linkages.
    Agricultural export facilitation enabled an air shipment of late-season Neelam and Totapuri mangoes to an international market, expanding market access and extending the mango export season. Direct sourcing through a Farmer Producer Company supported organised aggregation, quality produce, and export-oriented supply chains. Direct procurement and export market linkages enabled participating farmers to realise higher returns than conventional market channels while promoting horticultural export diversification.
    July 31, 2026
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    Cross-border digital payment integration enables real-time Favara transfers from Maldives mobile banking applications to UPI-enabled accounts in India.
    Cross-border digital payment integration between Favara and UPI enables individuals in the Maldives to make real-time person-to-person transfers to UPI-enabled bank accounts in India through mobile banking applications. Transfers are initiated in Maldivian Rufiyaa and credited in Indian Rupees. The initial service is available through participating Maldivian banks. Permitted remittances include family-maintenance transfers under foreign inward and outward remittance categories, and gift-related transfers under foreign outward remittance. Future phases are intended to introduce QR-based merchant payments and other digital payment services.
    July 31, 2026
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    Procedural Fair Hearing in competition inquiries requires notice when the Commission departs from investigative findings before imposing action.
    Competition law procedure requires the Competition Commission to notify and hear an opposite party when departing from the Director General's findings. The penalty order concerning alleged abuse of dominance in viscose staple fibre supply was set aside because Grasim Industries was not given an opportunity to respond to the Commission's disagreement with the investigative findings. The matter was remanded for fresh, time-bound consideration without a finding on the merits.
    July 31, 2026
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    Manufacturing contraction highlights weak domestic demand, property-sector pressure and continued reliance on technology-related exports for economic growth.
    Manufacturing activity in China contracted in July, as the official purchasing managers' index fell below the expansion threshold and new orders and production declined. Weak domestic demand, lower building activity and possible typhoon-related disruptions contributed to the slowdown. Consumer spending, investment and property-sector weakness continue to affect confidence, while technology-related exports support growth. Policy commitments include strengthening domestic consumption amid continued reliance on exports.
    July 31, 2026
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    Public-private partnership airport development strengthens aviation, cargo logistics, export infrastructure and sustainable connectivity through an integrated international airport project.
    The Bhogapuram airport project is being implemented under a Public-Private Partnership through the Design, Build, Finance, Operate and Transfer framework. It has obtained required aerodrome, safety, fire and environmental clearances and includes infrastructure for domestic and international aviation, passenger processing and airport security. Cargo and cold-chain facilities are intended to support exports and logistics integration, while recycled-water use and LEED Platinum standards form part of the project's sustainability features.
    July 31, 2026
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    Rupee appreciation against the US dollar continued as foreign inflows and lower crude prices supported domestic currency markets.
    Rupee appreciation against the US dollar continued in early trading, supported by foreign capital inflows and lower global crude oil prices. A stronger US dollar constrained further appreciation, while expectations of continued Reserve Bank of India intervention were cited as supporting the rupee. Declining Brent crude prices, gains in domestic equity indices and net foreign institutional investment in equities were also identified as relevant market factors.
    July 31, 2026
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    Value-added Makhana exports expand international market access, support quality compliance, and improve farmer returns through processing and branding.
    Agricultural export facilitation supported the first sea shipment of value-added flavoured Makhana from Bihar to Canada. Processed and packaged to international quality and food-safety standards, the export demonstrates the role of processing, value addition and export-oriented manufacturing in expanding overseas market access. The initiative is stated to improve farmer returns through value addition, while capacity building, export infrastructure, quality compliance, market linkages and stakeholder collaboration support the agri-export ecosystem.
    July 30, 2026
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    Market access for Indian pharmaceuticals remains central to bilateral efforts to promote sustainable trade and economic cooperation.
    Enhanced market access for Indian products, particularly pharmaceuticals, was raised in discussions aimed at strengthening bilateral trade and economic ties. The discussions addressed sustainable trade, and the sides agreed to increase mutual cooperation and communication. India continues to seek greater access to China's information technology, pharmaceutical and agricultural sectors, while pursuing increased pharmaceutical exports and Chinese investment. Bilateral trade increased, but India's trade deficit widened, reflecting an ongoing imbalance in trade flows.
    July 30, 2026
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    Money laundering asset attachment targets overseas bank deposits linked to alleged loan fraud and fugitive economic offenders.
    Provisional attachment under the Prevention of Money Laundering Act was reported against Singapore bank deposits held by a company promoter and associated entities in an alleged loan-fraud and money-laundering investigation. The underlying case arises from allegations of fraud, criminal misappropriation, criminal breach of trust and cheating affecting a consortium of lending banks. Service of the attachment order was reported through mutual legal-assistance arrangements, and the promoters had reportedly been declared fugitive economic offenders.
    July 30, 2026
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    Deposit interest rate uniformity requires equal rates for similar deposits, while allowing risk-based differentiation for bulk deposits.
    Banks must apply uniform deposit interest rates across branches and customers for similar deposit amounts accepted on the same date, without discrimination. Rates payable, including for bulk deposits, must strictly follow schedules disclosed in advance on bank websites. Bulk deposit rates must be published each business day at 10:00 am, subject to a short permitted delay. Differentiated bulk-deposit rates may be offered based on applicable differential run-off rates under the Liquidity Coverage Ratio framework.
    July 30, 2026
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    Supply-chain continuity measures prioritise energy, fertiliser and seafarer protection amid conflict-driven disruptions across critical maritime transit routes.
    Supply-chain continuity and energy security measures were reviewed in response to geopolitical conflicts disrupting maritime transit routes and imports. Measures included diversification of LPG procurement, maintenance of petroleum stocks, expansion of PNG, gas-grid, LNG and city-gas infrastructure, and pipeline connectivity approvals. Fertiliser requirements and alternative procurement sources were considered to ensure uninterrupted supply. A unified monitoring mechanism and support arrangements for seafarers, including timely information, emergency assistance and counselling, were directed to protect citizens, economic interests and the Indian diaspora.

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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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