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    Dissenting creditors alleged family-linked entities cast 61.78 pc votes that cleared Chandra's insolvency plan
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August 30, 2026
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Related-party creditor voting in personal insolvency turned on whether the debtor held majority ownership or direct board control.
Dissenting lenders challenged the admission and voting rights of five creditors alleged to be family-linked associate or related entities, contending that their voting share enabled approval of a personal insolvency repayment plan. They alleged invalid post-moratorium guarantee invocations, undisclosed liabilities, inadequate claim scrutiny and incorrect voting-share computation. The third member rejected the voting-rights challenge, treating associate status as requiring the debtor's personal majority shareholding or direct board control, and accepted the repayment plan.
August 30, 2026
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Examination continuity and candidate fairness require re-examination where power failures prevent completion, alongside review of infrastructure accountability.
NEET-PG 2026 examination continuity was disrupted for candidates at two Jaipur centres because of internal power-supply failures attributable to the technological partner and examination-conducting agency. A re-examination has been scheduled for the affected candidates, with the venue and revised admit cards to be communicated separately. Action against the entities responsible for ensuring adequate examination infrastructure is under consideration.
August 30, 2026
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Women's monthly assistance eligibility restricts benefits to qualifying households and channels payments through deposits or restricted digital wallets.
Delhi Lakshmi Yojana provides monthly financial assistance to eligible women through recurring deposits and restricted Central Bank Digital Currency wallets. Recurring deposits are locked until July 31, 2029, subject to possible review of the maturity period after two years from launch. Eligibility requires a qualifying woman to be the eldest female family member, meet income, residence and voter-registration requirements, and satisfy household restrictions. Income-tax payers, GST filers, government employees, higher-electricity-consuming households and four-wheeler-owning households are excluded.
August 30, 2026
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Gasoline trade amid refinery disruptions relies on sanctioned fleets and dark ship-to-ship transfers, alongside continuing fuel export restrictions.
Russian refinery disruption has increased gasoline imports and made India a significant supplier of gasoline to Russia. Indian supplies were principally linked to the Vadinar refinery, and increased Indian purchases of Russian crude may mean exported gasoline was produced from Russian crude. Russia has retained a gasoline export ban while domestic production remains disrupted. India-origin cargoes imported during August were carried on sanctioned fleets and involved dark ship-to-ship transfers, including transfers conducted with automatic identification system signals switched off.
August 30, 2026
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Digital arrest fraud: judicial responses seek a distinct offence while preserving due process and proportionality in economic-crime enforcement.
Suo motu consideration of digital-arrest fraud reflects a proactive judicial response to video-call scams involving impersonation of police, judicial officials or bureaucrats. The Union and the States have been directed to assess the problem, with a call for a distinct offence carrying proportionate penalties. Economic-crime enforcement remains subject to safeguards requiring written grounds of arrest and preventing pre-trial detention from becoming punishment. Due process, proportionality and the presumption of innocence remain central constraints.
August 29, 2026
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Natural justice in licensing enforcement requires meaningful hearing and reasoned orders before cancellation or suspension of regulated operations.
Natural justice in regulatory licensing enforcement requires a meaningful hearing, proper legal analysis, and a reasoned decision before licence cancellation or suspension. Maharashtra FDA withdrew cancellation of drug-sale licences after criticism of the procedure adopted. Food-safety enforcement against restaurants was also reconsidered where the premises were substantially compliant, despite licences being issued to one entity and operations being conducted by another. A fresh notice, hearing on the contractual arrangement, and reasoned order were required before further licensing action.
August 29, 2026
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Food-safety licensing compliance supports reopening while contractual operation requires notice, hearing, and a reasoned regulatory decision.
Food-safety licence suspension of five eateries was reconsidered after a fresh inspection recorded 88 per cent compliance. The suspension had continued because a third-party operator ran the eateries while licences remained in the association's name, despite no identified legal prohibition. The Food and Drug Administration proposed a fresh notice, hearing, and reasoned order on the contractual arrangement, while current compliance permitted services to resume.
August 29, 2026
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Market access and regulatory cooperation advance agricultural, pharmaceutical, digital, and trade integration priorities across the bilateral economic partnership.
India-Argentina cooperation focused on expanding bilateral trade, reducing non-tariff barriers, facilitating investment, and strengthening market access. Sanitary and phytosanitary discussions progressed for Indian agricultural products, while pharmaceutical engagement covered regulatory upgrading and reduced entry barriers. Mining and lithium-sector engagement, digital services, space technology, telecommunications, artificial intelligence and digital infrastructure were identified as priority areas. The India-MERCOSUR Preferential Trade Agreement, Terms of Reference and digital certificates of origin were considered mechanisms for trade facilitation and economic integration. Business discussions addressed commercial partnerships across agriculture, minerals, energy, pharmaceuticals, healthcare, banking and telecommunications.
August 29, 2026
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Shared digital infrastructure for professional services aims to expand technology access, interoperability, capability development and secure adoption across firms.
MCA and IICA are developing a government-backed digital public good ecosystem for domestic professional services, particularly small and medium practices. The framework proposes curated technology access, learning and capability development, and knowledge and practice infrastructure. It is intended to improve access to technology and professional knowledge while complementing existing institutional and market-based systems. Consultations address interoperability, common standards, cybersecurity, affordable access, implementation, change management, openness, competition and technology adoption suited to differing levels of digital readiness.
August 29, 2026
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Methamphetamine trafficking enforcement targets concealed cross-border transport, with seizures, vehicle confiscation, arrests and stringent penalties under narcotics law.
Methamphetamine trafficking enforcement under the Narcotic Drugs and Psychotropic Substances Act, 1985 involved intelligence-led seizures of tablets in Assam and Mizoram, along with the vehicles allegedly used for transportation and arrests of two vehicle occupants. Field testing indicated the presence of amphetamine. The tablets were concealed in fabricated cavities within a truck and car, with preliminary investigation indicating alleged cross-border smuggling into Mizoram. Methamphetamine is a notified psychotropic substance, and illicit manufacture, possession, transportation and trafficking attract stringent penal consequences.
August 29, 2026
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IPO disclosure integrity triggers one-year market access bar for issuer and promoter-directors over fabricated quotation and misleading financial disclosures.
SEBI restrained Trafiksol ITS Technologies Ltd. and its promoter-directors from accessing or dealing in the securities market for one year and imposed monetary penalties over irregularities in its SME IPO. The action concerned overstated financial disclosures, inadequate disclosure of issue expenditure and a potential merchant-banker conflict, and proposed use of IPO proceeds based on a fabricated software-vendor quotation. The listing was deferred and IPO proceeds were placed in an interest-bearing escrow account. One promoter was directly involved in procuring the quotation, while the other failed to exercise due diligence.
August 29, 2026
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Securities market fraud involving fictitious transactions triggered market bans, disgorgement, fund restoration, and governance restrictions.
SEBI imposed securities-market restrictions, disgorgement directions and monetary penalties in relation to alleged accounting fraud involving fictitious sales, purchases, circular transactions and fraudulent ledger entries. The alleged inflation of financial results facilitated migration to the NSE main board and was followed by fraudulent preferential allotments, a bonus issue and a rights issue. Rights issue proceeds were found to have been diverted, requiring restoration with applicable interest. The company and its managing director received seven-year market prohibitions, with additional governance restrictions applying to the managing director.
August 28, 2026
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Insolvency debt settlements: political criticism alleges severe creditor haircuts favour influential corporate borrowers over ordinary debtors.
CPI(M) criticised approval of a repayment plan involving Zee Group founder Subhash Chandra, asserting that repayment of Rs 6.5 crore against creditor claims of Rs 22,006.57 crore undermines fairness in insolvency debt settlement. It alleged severe creditor haircuts and bias favouring influential corporate borrowers. The party linked the settlement to an alleged pattern of large borrowers resolving liabilities at steep discounts, shifting the burden to taxpayers and small depositors while smaller borrowers face coercive recovery measures.
August 28, 2026
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Corporate governance requires company secretaries to promote ethical practices, transparency, responsibility and institutional accountability across economic ecosystems.
Good corporate governance is central to development and depends on responsible governance, ethical practices, transparency, institutional accountability and professional excellence. Company Secretaries have an expanding role in strengthening governance practices through professional expertise. Professional institutions should promote governance standards, support institutional excellence, and evolve their practices in response to changing requirements. Their wider contribution lies in fostering a culture of ethical entrepreneurship, responsibility, transparency and sound governance.
August 28, 2026
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Proceeds-of-crime tracing prompts freezing of deposits linked to structured disposal of foreign property in a bank-loan fraud investigation.
Money-laundering investigation into alleged bank-loan fraud involving DHFL has resulted in the freezing of bank deposits held by Al Jalore Trading FZE under the Prevention of Money Laundering Act. A United Kingdom property was allegedly disposed of through a purported loan arrangement that created an encumbrance to settle an Indian liability. Sale proceeds were credited to Al Jalore Trading FZE's Indian bank account rather than to the registered owner, indicating alleged dissipation of proceeds of crime through a structured foreign-property transaction.
August 28, 2026
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Defence export authorisation reform streamlines consultations, expands unified licences, and facilitates eligible exporters' access to international markets.
Open General Export Licence arrangements permit eligible exporters to self-generate authorisations for multiple consignments of specified defence items without obtaining separate authorisation for each consignment. Three existing licence procedures are consolidated into a unified framework. Licence validity is extended to three years, and territorial coverage is expanded to all countries other than negative or sensitive nations and destinations subject to United Nations Security Council sanctions or arms embargoes. Eligible companies with long-term foreign original equipment manufacturer agreements may obtain licences aligned with the underlying contract, subject to prescribed conditions.
August 28, 2026
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IPO approval enables Jio Platforms to issue fresh equity shares, with proceeds earmarked for subsidiary debt repayment and corporate purposes.
SEBI's final observations enable Jio Platforms Ltd to proceed with an initial public offering comprising up to 27 crore newly issued equity shares. The transaction is structured as a fresh issue of shares. Offer proceeds are primarily allocated towards repayment or prepayment of outstanding borrowings of Reliance Jio Infocomm Ltd, Jio Platforms' material subsidiary, with the balance designated for general corporate purposes.
August 28, 2026
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Gold price volatility intensified as dollar strength, profit-booking, and customs-duty-cut reports pressured domestic bullion markets.
Domestic bullion prices declined for a third consecutive session as a stronger US dollar and sustained profit-booking after a recent rally weakened gold and silver. Gold fell sharply in the national capital and silver also declined in domestic trading, with the three-day movement reflecting ongoing price volatility in the bullion market. International spot gold remained marginally lower while investors awaited policy-related remarks concerning inflation and elevated yields.
August 28, 2026
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Direct benefit transfer strengthens welfare delivery through Jan Dhan accounts, digital payments, reduced intermediaries, and expanded financial inclusion.
Direct Benefit Transfer has transferred welfare benefits directly to beneficiaries, largely through Jan Dhan accounts, reducing intermediaries and supporting transparent delivery. The Pradhan Mantri Jan Dhan Yojana provides unbanked adults basic accounts without minimum-balance or maintenance-charge requirements, along with RuPay debit cards, accident insurance coverage, and emergency overdraft access. Banking outlets, digital-payment infrastructure, and Bank Mitras extend formal financial services to women, rural and semi-urban communities, strengthening financial inclusion and participation in the formal economy.
August 28, 2026
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Foreign exchange reserves reached a record level, supported by increases in foreign currency assets and gold holdings.
India's foreign exchange reserves increased by USD 12.422 billion to an all-time high of USD 729.328 billion for the week ended 21 August. Foreign currency assets and gold reserves recorded the principal increases, while special drawing rights and the reserve position with the IMF also rose. Foreign currency asset valuation reflects movements in non-US currencies held in the reserves. FCNR(B) and concessional swap arrangements were introduced to attract additional foreign-exchange inflows.

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Chandigarh University Students Receive 10,000 Job Offers from over 1,300 Top Global Firms & Leading MNCs

January 31, 2026

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Chandigarh University Records Exceptional Decade of Placement Growth with Over 300% Surge in Recruiters and Job Offers; Secured 15,000 Job Offers from IT Companies Chandigarh, India (NewsVoir) Chandigarh University has witnessed a stupendous rise in placements over the past decade, with the number of recruiting companies surging from 282 in 2014 to over 1300 in 2025, a remarkable 325% increase. Likewise, annual job offers have risen from 2,410 to 10,000 during the same period, reflecting an impressive 315% growth reflecting the university’s expanding industry engagement and strong employability outcomes. Chandigarh University students have secured a remarkable 15,000 job offers from leading IT companies in the last 10 years alone.

In 2025 alone, CU students have secured over 10,000 job offers from more than 1300 leading national, international firms and Tier-1 Multi-National Companies (MNCs) including Microsoft, Google, Amazon, Walt Disney, IBM, E&Y, Intel, Deloitte, KPMG, PwC, TCS, Cognizant, L&T, Wipro, Dell, HCL, Accenture, Flipkart and SAP Labs among others.

Chandigarh University students have secured highest 550 offers from the tech giant TCS in the entire North India in 2025. Chandigarh University students achieved the highest placement offers in North India, securing over 85 offers from HighRadius and creating a national record with 70 offers from EPAM, both at packages of Rs 8 LPA. Gaurav Maheshwari, Computer Science Engineering (CSE) student secured the highest international package of INR 1.7 Crore from Nutanix, an American cloud computing firm. Moreover, CSE student Vandana Chauhan received a Rs 54.75 LPA offer from Palo Alto Networks, MBA and hotel management students earned highest salary packages of Rs 28 LPA and Rs 18 LPA respectively, showcasing the university's stellar performance across different domains. Among the top recruiters were Microsoft, offering Rs 50 LPA, Amazon and Atlassian with Rs 40 LPA packages. More than 500 companies presented offers above Rs 5 LPA, with over 100 companies offering Rs 10 LPA.

While the average salary package secured by CU students was between Rs 7 lakhs to Rs 8 lakhs. The highest stipend of Rs 1.3 lakhs was received by Engineering student during his internship.

CU processed 1,534 internships during the Jan to Dec 2025 cycle across 6 academic clusters and 167 programs with 99% paid internships and 37 international placements, reinforcing strong industry demand, global exposure and career readiness of its students.

CU is the only university in the entire Punjab visited by Adobe for exclusive hiring of Software Development Engineer (SDE) roles. Chandigarh University also houses India’s first LinkedIn Experience Zone (lab) at its campus which is a pioneering initiative to transform university spaces into dynamic career launchpads that empower students to build strong professional profiles, enhance employability and prepare them for the future of work.

Chandigarh University’s Engineering Students Get 6047 Job Offers, Secure Record High Package of Rs 1.7 Crore Chandigarh University has set new benchmarks for engineering education with its dynamic hands-on experiential learning-based engineering education, industry-aligned programs that guarantees impeccable placements.

The students of Engineering streams attracted the highest number lucrative packages in 2025 with 532 top notch firms including leading MNCs turning up with record 6047 offers for students of engineering streams. These MNCs included Microsoft, Amazon, Hewlett Packard, Bank of America, NOKIA, Deloitte, IBM, DELL and SAP Labs.

The top recruiters for the 2024-25 batch across all streams, included Microsoft offering the highest package ever of Rs 50 LPA, followed by Amazon with a top package of Rs 40 lakh per annum and Atlassian providing a top package of Rs 40 lakh per annum.

While there was a big-time jump of 30% in the number of total companies visiting the CU campus for campus placements of engineering students, there was a jump of 70% in the number of Core Engineering Companies.

While 6 companies offered salary package 35 lakh and above, 10 companies offered 30 lakhs and above, 20 companies offered 25 lakhs and above, 31 companies offered Rs 20 lakhs, 52 companies offered over Rs 15 LPA package, over 100 companies offered over Rs 10 LPA and over 500 companies offered over Rs 5 LPA package to CU students making it to the final list of successful among them.

For 2025-26 CU’s Computer Science Engineering (CSE) IT students received the over 4,000 job offers from 350 companies with 317 students received multiple offers and 585 students have been offered placements by Tata Consultancy Services (TCS) in 2024-25. Of the students placed in TCS, 26 received offers with salaries ranging between Rs 9 and Rs 11.5 lakh per annum. Additionally, 179 students were offered positions with compensation packages between Rs 7-7.3 lakhs per annum.

In Electronics & Communication and Electrical Engineering, over 159 companies recruited CU’s 743 engineering students and 546 students of Mechanical, Aerospace, Mechatronics and Automobile Engineering, securing job offers from 133 companies with highest salary package of Rs 40 lakhs.

In Mechanical Engineering (M Tech), CU students secured the highest package of Rs 40 lakhs and average package for the program was 9 LPA while more than 130 recruiters visited the varsity to hire fresh talent in this domain.

In Civil Engineering, 233 students received job offers during the campus placement session with the highest package of 15 LPA. In Chemical and Biotechnology Engineering, 45 companies made job offers to 300 students with a salary package offered touching Rs 8.4 LPA.

The total number of offers made to the engineering students in 2024-25 saw a rise of 60% in comparison to last year. Of the Engineering sector companies, more than 400 companies offered pay-package of more than Rs 5 LPA while over 100 companies offered packages of more than 10 LPA.

CU follows a rigorous training process under which a student adapts himself and starts preparing for campus placements in the first year itself. There is a specially designed innovative Corporate Connect Program for ensuring employability for its graduates and Career Resource Centre connects students to placement opportunities.

Chandigarh University’s 1153 MBA Students Get 1427 Jobs Offers from 447 Top Global & Indian Companies Chandigarh University (CU), one of India’s premier private institutions which was ranked 4th in management among all private universities in India in the QS World Rankings by Subjects 2025, continues to scale greater heights in business education with its marvelous placement record for MBA graduates.

As many as 447 top-notch global and national firms hired 1153 MBA graduates at CU who secured 1427 job offers with a highest salary package of Rs 23 lakh received by one of the students in 2024-25. One of the MBA graduates had secured the highest salary package of Rs 21 LPA; the average salary package also ranged between Rs 5 LPA to Rs 6 LPA. While the top recruiters in the FMCG sector included HUL, Dabur, ITC, Godrej, United Spirits, Proteinex, the leading firms that hired CU students in consumer durable goods sector were Philips, LG, Sony, Samsung, DELL and Panasonic among others.

In Marketing and Finance, 256 top companies offered jobs MBA students including Mahindra Finance, Deloitte USI Tax, KPMG, Bharat Financial Inclusion and Growth Arrow LLP among others with highest salary package of Rs 23 LPA secured by CU students from Indicaa Group in marketing and another student received job offer of Rs 12 LPA from Niva Bupa Health Insurance Company in Finance.

In International Business, 11 top companies offered jobs to Chandigarh University students with Indicaa Group offering the highest package of Rs 23 LPA in this domain during 2024-25 academic session.

In Banking and Financial Engineering, 52 top companies in the sector offered jobs to Chandigarh University students with Niva Bupa Health Insurance Company offering the highest package of Rs 12 LPA in this domain.

In Travel, Tourism and Hospitality, 10 top companies offered jobs with Chandigarh University students receiving the highest package of Rs 11 LPA in this domain.

In Business Analytics, 12 top companies offered jobs to CU MBA graduates with Ford Business Solutions offering the highest package of Rs 10.5 LPA.

In Human Resources and Strategic HR, 64 top companies offered jobs to CU students in 2024-25 with Hyundai Motors offering the highest package of Rs 9.25 LPA in this domain. In Data Science & AI, Capital Markets, Logistics and Supply Chain Management, Healthcare and Hospital Management, 161 top companies offered jobs CU’s MBA graduates with the highest package of Rs 16.42 LPA which was offered by Federal Bank of India.

Biotechnology Student Secures Highest Rs 15 LPA, Legal Studies Student Secures Rs 12 LPA Chandigarh University continues to demonstrate strong placement outcomes across its academic spectrum, with the University Institute of Architecture (UIA) securing a highest package of Rs 8.45 LPA and the University Institute of Liberal Arts and Humanities (UILAH) achieving Rs 13 LPA. In the health and life sciences domain, the University Institute of Pharmaceutical Sciences (UIPS) recorded Rs 7.5 LPA, while the University Institute of Biotechnology (UIBT) reached an impressive Rs 15 LPA. The University Institute of Sciences (UIS) reported a top package of Rs 9 LPA, and the University Institute of Media Studies (UIMS) achieved Rs 7.2 LPA. The University Institute of Design (UID) registered Rs 8.45 LPA, hospitality students from the University Institute of Tourism and Hospitality Management (UITHM) secured Rs 20 LPA, and the University Institute of Legal Studies (UILS) recorded a strong highest package of Rs 12 LPA, reflecting the university’s industry-aligned and multidisciplinary placement success.

CU Students Get 100% Placement in Tourism, Aviation & Hospitality with Rs 21 LPA as Highest Package Chandigarh University has become the most sought-after destination for leading national and international recruiters from the tourism and hospitality industry, which is clearly evident from the exceptional placement record for these domains in the last two years; as many as 834 students of Tourism and Hospitality Management at CU secured jobs at the students in prestigious hospitality establishments in the past two years.

Even more, as many as 76 students of Tourism and Hospitality Management at CU received multiple job offers. In all, 381 students of hotel management secured jobs in Five Star Hotels, Quick Service Restaurants and Retail Management companies. Of these, 327 students secured jobs in 18 Five Star Hotels including The Oberoi Bengaluru, Hilton Bangalore, Trident Gurgaon, The Oberoi Udaivilas, Udaipur, Radisson Jaipur City Centre, Marriot Gurgaon, Sheraton Hyderabad, Vivanta by Taj Surajkund, Taj Lake Palace Udaipur, Wildflower Hall Shimla, Pullman and Oberoi Sukhvilas among others.

In Aviation and Travel Sector, 391 students secured jobs in 22 top aviation and travel companies in 2023 and 2024 with the highest package of Rs 7 LPA.

In the aviation sector, Chandigarh University students were offered 205 jobs by 16 Airlines, including seven international carriers including Lufthansa Airways, British Airways, Air France, Qatar Airways, Kuwait Airways, Virgin Atlantic, Oman Airways, Indigo, Go Air, Spice Jet and Air India.

In Tour and Travel Management, 73 students secured jobs in leading firms including Thomascook India, Pickyourtrail, Zenith Leisure Holidays, EaseMyTrip.com among others. Under its International Transfer Program, CU gives students the option to study 2 years in CU and 2 in Canada, United States of America or France or Switzerland with International Degree.

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: www.cuchd.in.

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

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