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August 28, 2026
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IPO regulatory approval enables Jio Platforms to advance preparations for its proposed fresh equity share public offering.
Jio Platforms Ltd. has obtained Sebi's final observations for its proposed initial public offering. This key regulatory stage enables further preparations for the public issue, subject to applicable regulatory requirements. The proposed offering comprises up to 27 crore fresh equity shares and is expected to account for approximately 2.9 per cent of the company's post-issue equity base.
August 28, 2026
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Financial inclusion through basic bank accounts expands banking access with no-balance accounts, debit cards, and emergency overdraft support.
Pradhan Mantri Jan Dhan Yojana enables unbanked adults to open basic bank accounts without minimum-balance or maintenance-charge requirements. Accounts include a free RuPay debit card with accident insurance coverage and eligibility for an overdraft facility during emergencies. The scheme promotes digital transactions, financial security and participation in the formal economy, while extending banking access to rural and semi-urban communities and increasing women's financial inclusion.
August 28, 2026
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Flexible personal loan repayment enables eligible borrowers to select longer tenures, subject to eligibility, terms, verification, and repayment capacity.
Bajaj Finance personal loans offer eligible customers collateral-free borrowing with flexible repayment tenures of 12 to 108 months, subject to eligibility, applicable terms, verification and documentation. A longer tenure may reduce monthly EMIs by spreading repayment over more months, but can increase total interest payable. Borrowers should compare the interest rate, tenure, EMI, processing charges and other costs, while considering their income, existing commitments and repayment capacity. Loan Utsav 2026 provides limited-period rewards for eligible customers whose loans are successfully disbursed during the campaign period, subject to applicable terms.
August 28, 2026
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Digital arrest money laundering investigation tracks cyber-fraud proceeds through layered bank accounts, cash withdrawals, and foreign-exchange conversion.
Arrests under the Prevention of Money Laundering Act form part of an investigation into alleged digital arrest cyber fraud and laundering of fraud proceeds. Funds were reportedly routed through numerous bank accounts, withdrawn in cash, and converted into foreign currency through licensed money changers. The financial trail is linked to commodity trading, travel and foreign-exchange entities allegedly connected with cyber-fraud complaints and first information reports. The inquiry also identified alleged shell or dummy companies using proxy directors to conceal control and facilitate fund movement.
August 28, 2026
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Foreign exchange intervention and lower crude prices supported rupee appreciation despite a stronger dollar and foreign institutional investor outflows.
Foreign exchange market conditions supported a six-paise appreciation of the rupee against the US dollar at the close of trading. Lower global crude oil prices and Reserve Bank of India intervention to limit significant rupee depreciation contributed to the movement. A marginal strengthening of the US dollar and foreign institutional investor equity outflows continued to exert pressure, while FCNR(B) scheme inflows supported the currency.
August 28, 2026
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Cyber fraud impersonating enforcement officials coerced a senior citizen into bank and cryptocurrency transfers through terror-funding threats.
Cyber fraudsters allegedly impersonated public officials and threatened a senior citizen with implication in money laundering, terror funding and cybercrime. Using WhatsApp video calls and purported official notices, they allegedly induced the victim to transfer funds to multiple bank accounts and a cryptocurrency wallet on the pretext of proving innocence. The victim reportedly liquidated fixed deposits and mutual fund investments before identifying the deception and reporting it through the cybercrime helpline. A cyber police case was registered for further investigation.
August 28, 2026
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Rupee depreciation against US dollar reflects foreign investor outflows and crude supply disruptions, moderated by weaker dollar and oil prices.
Foreign institutional investor outflows and disruptions in global crude oil supplies placed downward pressure on the rupee against the US dollar. A weaker dollar index and lower Brent crude prices moderated the decline. Market commentary anticipated a narrow trading range, with expected Reserve Bank of India protection at the upper end and oil importer, month-end, and importer demand supporting the lower end. Participants also monitored the US Federal Reserve Chair's Jackson Hole speech.
August 27, 2026
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Emergency flood response measures coordinate rescues, suspend cross-border transport, and address risks to public safety.
Severe flash floods in Nepal and along the Nepal-Tibet border prompted cross-border rescue coordination for missing and stranded persons, warnings of continued downstream flood risk, and international relief support. Preventive public-safety measures included temporary suspension of an Indo-Nepal bus service. Separate developments included disruption of public services during an employee strike, investigation of an aircraft crash, market measures affecting sugar and onion prices, and proposed trade engagement for greater market access for basmati rice and processed food exports.
August 27, 2026
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Regulatory review of fraud allegations requires timely consideration of representations while merits and standing remain undecided.
SEBI must consider and decide, within two weeks, representations alleging fraud by an Indian logistics company and its subsidiary. The allegations concern systematic over-invoicing of freight charges and forged documentation, with a parallel criminal investigation based on an FIR registered by the Delhi Police Economic Offences Wing. No determination has been made on the merits of the allegations or the complainant's standing to approach SEBI. The allegations and criminal proceedings were disclosed in IPO offer documents.
August 27, 2026
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Personal insolvency repayment plans test creditor voting thresholds, valuation safeguards, and limits on commercial review under insolvency law.
Personal insolvency resolution under the Insolvency and Bankruptcy Code involved approval of a repayment plan providing for payment of Rs 6.25 crore to creditors and Rs 25 lakh towards process costs against admitted creditor claims of about Rs 22,006.57 crore. Objections by dissenting creditors were rejected because they held less than 20 per cent of voting share, while the plan received 80.81 per cent support. Valuation indicated that the personal estate was worth less than the amount offered, and the tribunal declined to replace creditor commercial wisdom or assess settlement adequacy.
August 27, 2026
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Sovereign credit rating stability reflects policy continuity, infrastructure investment, external strength, and fiscal consolidation pressures.
India's sovereign credit rating retained a BBB stable outlook, supported by strong growth, an external balance sheet, stable institutions, policy predictability, and infrastructure investment. Public investment and consumer demand are expected to sustain growth and assist fiscal consolidation. Constraints include weak fiscal performance, elevated government debt and interest burdens, and low per-capita income. Long-term rating support depends on financing infrastructure investment without materially widening the current-account deficit and on reducing the fiscal deficit through stable fiscal and monetary policies.
August 27, 2026
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Sugar import liberalisation and stockholding limits seek to moderate retail prices amid constrained domestic supply and restricted exports.
Sugar price-control measures combine duty-free raw sugar imports, stockholding limits for dealers and bulk consumers, and an export prohibition to address elevated retail prices and curb hoarding. Domestic supply remains constrained by reduced sugarcane output, prior exports and diversion of sugar to ethanol. Net production is estimated below projected domestic demand, while closing stocks are expected to remain limited. Import access, inventory restrictions and export controls therefore operate as market-stabilisation mechanisms.
August 27, 2026
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Money-laundering investigation into alleged homebuyer fraud led to searches and freezing of assets linked to realty promoters.
Money-laundering proceedings were initiated under the Prevention of Money Laundering Act on the basis of police FIRs alleging fraudulent inducement and non-delivery of residential plots. Searches at premises linked to real estate promoters resulted in the seizure or freezing of luxury vehicles, jewellery, bank accounts and securities. The investigation alleges that substantial upfront payments for residential plots were received, but a significant portion of promised plots remained undelivered, and certain plots were allegedly sold to third parties without consent.
August 27, 2026
Show AI Summary
Commercial card governance enables configurable credit, approvals, virtual cards and controlled supplier payments across enterprise payment workflows.
SpendFlow combines commercial card program configuration, credit management, virtual cards, spend controls, approvals, supplier payments, billing and accounting in one architecture. It supports centrally governed rules with approved corporate-level variations, enterprise hierarchy management, and virtual cards linked to entities, employees, accounts or credit facilities. Multi-tier approvals and virtual-card supplier payments support controlled business payment functions, while core banking and ERP connectivity links card activity with banking and enterprise financial workflows.
August 27, 2026
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Basmati rice market access may be pursued through trade agreement review, subject to import limits and safety standards.
Market access for Indian basmati rice may be pursued through review of the Comprehensive Economic Partnership Agreement, as rice remains a sensitive sector subject to import quantity limits and duties beyond permitted quantities. Processed food exports offer further opportunities where exporters comply with Japanese quality and safety standards. Bilateral cooperation also covers investment, supply chains, technology partnerships and capital flows supporting infrastructure, manufacturing and semiconductor ecosystems.
August 27, 2026
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Capital allocation discipline governs consideration of further Air India funding alongside business strategy, cash flow and investment requirements.
Further capital investment in Air India will be evaluated by Singapore Airlines' board through a disciplined capital-allocation process. Assessment will consider the group's capital requirements, Air India's business strategy, operating cash flow, investment needs for aircraft and products, and multi-hub investments intended to support long-term growth and returns. As a significant minority shareholder, Singapore Airlines supports Air India's transformation programme with Tata Sons, but no commitment to provide additional capital is indicated.
August 27, 2026
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Semiconductor investment cooperation anchors expanded India-Japan industrial partnerships across technology, manufacturing, clean energy, infrastructure, and financial services.
Semiconductor and artificial-intelligence cooperation centres on a six-pillar semiconductor strategy encompassing chip design, semiconductor machinery and materials, fabrication, ATMP/OSAT, research and development, and talent development. Japanese participation is sought across semiconductor materials and equipment, power semiconductors, electronics, AI, logistics and related advanced technologies. Development of semiconductor clusters is linked to reliable power, ultra-pure water, skilled manpower and social infrastructure.
August 27, 2026
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Financial inclusion through basic bank accounts enables direct welfare transfers, digital payments, insurance access and credit for excluded households.
PMJDY provides unbanked adults with basic bank accounts without minimum-balance or maintenance-charge requirements, free RuPay debit cards with accident insurance cover, and eligible overdraft support. Through the JAM framework, PMJDY accounts enable direct transfer of welfare benefits using bank accounts, Aadhaar-based biometric verification and mobile connectivity, reducing intermediary involvement and delays. The scheme emphasises rural, semi-urban, marginalised and women account holders while supporting access to insurance, pensions, savings, digital payments and credit, including MUDRA loans.
August 27, 2026
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Contract food services expansion strengthens Rassense's nationwide institutional operations through new academic partnerships and technology-led service delivery.
Rassense Pvt Ltd reports crossing a workforce of more than 5,000 employees and projects revenue exceeding INR 600 crore. Its contract food services operations serve educational institutions, corporate campuses, healthcare facilities and industrial locations. New operations at IIM Jammu, IIM Bangalore and IIT Guwahati strengthen its nationwide institutional presence. Expansion is supported by academic institution partnerships, local workforce development, operational excellence, and technology-led capabilities in food production, food waste reduction and supply-chain management.
August 27, 2026
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Cyber fraud awareness promotes safe digital banking by teaching customers to verify communications, protect credentials, and report suspicious transactions.
Cyber-fraud awareness and digital banking safety were promoted through community sessions addressing phishing, impersonation, OTP and UPI fraud, QR-code scams, digital-arrest fraud, and fraudulent customer-care calls. Participants were guided to identify authentic banking communications, avoid sharing confidential credentials, verify callers and links before acting, and promptly report suspected unauthorised transactions. Customer vigilance, financial literacy, and institutional security measures were emphasised as complementary safeguards against digital financial fraud.

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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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