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    CBI FIR against Subhash Chandra for 'inflating' net worth to secure Rs 980 Cr in loans
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    CBI FIR against Subhash Chandra for 'inflation' of net worth to secure nearly Rs 1,000-cr in loans
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September 5, 2026
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Inflated net-worth certificates allegedly enabled secured lending, triggering fraud, breach-of-trust and asset-stripping allegations after default.
Alleged inflation of net-worth certificates is said to have induced approval and disbursal of two corporate loan facilities aggregating Rs 980 crore, each secured by continuing personal guarantees. The facilities subsequently defaulted. The FIR alleges that materially higher net-worth representations made in 2018 were later contradicted during insolvency proceedings, and attributes the lending to collusion among the guarantor, borrower entities and their officers. Allegations include cheating, creation of false documents, misappropriation and misapplication of loan funds, breach of trust, and asset stripping intended to frustrate recovery.
September 5, 2026
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AI data centre infrastructure investment enables phased deployment of high-density, liquid-cooled computing capacity using green and water-neutral design.
HyperVault plans to develop an artificial intelligence data-centre campus on 264 acres in Hyderabad, with capacity of up to 1 GW and investment by HyperVault and its partners of up to Rs 70,000 crore. The facility is intended to provide high-density, liquid-cooled computing infrastructure for frontier AI companies and hyperscalers. Development will proceed in phases according to customer demand and technology requirements, incorporating green-energy use and water-neutral design principles.
September 5, 2026
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Alleged inflation of personal net worth underpins fraud and breach-of-trust accusations over secured corporate lending.
CBI registration of an FIR concerns allegations that inflated personal net-worth certificates were used to secure corporate loan facilities from Life Insurance Corporation Housing Finance Ltd. The lender alleges that the certificates influenced lending decisions, the facilities subsequently defaulted, and later insolvency proceedings disclosed inconsistency between the represented and asserted net-worth figures. Allegations include collusion with borrower entities, false documentation, cheating, misappropriation of loan funds, and breach of lender trust.
September 5, 2026
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Free trade agreement utilisation requires district-level exporter support, rules-of-origin assistance, standards compliance, and coordinated market-access outreach nationwide.
Free Trade Agreement utilisation is to be advanced through coordinated action by central and state governments, sectoral ministries, Export Promotion Councils, industry associations and local export-support institutions. Preferential treatment is assessed against tariff rates faced by competing countries, while export competitiveness depends on scale, quality, customer trust and timely delivery. The Export Promotion Mission supports export credit, digitised compliance and FTA documentation, including rules-of-origin certification. District-level identification of products, clusters, new exporters and practical constraints, supported by workshops and rapid online facilitation, is intended to deepen market access.
September 5, 2026
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Automotive localisation and export competitiveness are prioritised through global-standard manufacturing, technology partnerships, sustainable mobility, and government infrastructure support.
Automotive-sector localisation, export expansion and global-standard manufacturing are prioritised to strengthen India's role in global production and trade. Companies are urged to invest in technology, innovation, research and development, use domestic scale for overseas markets, and avoid supplying inferior products domestically. Trade agreements are positioned as channels for market access, technology absorption and exports. Greater indigenisation is encouraged through component localisation, technology collaborations and expanded exports, supported by critical minerals, batteries, indigenous energy sources, research funding, plug-and-play infrastructure and industrial ecosystems.
September 5, 2026
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Circular textile procurement integrates certification, product categories and seller support to expand government markets for recycled materials.
Memorandum of Understanding for circular textile procurement links certification, standardisation and public-market access for recycled and upcycled products made from textile waste, scrap and second-hand clothes. The Textiles Committee will identify, verify, certify and recognise eligible producers and support specifications, catalogues and capacity building. Government e Marketplace will create dedicated product categories, onboard sellers, facilitate online market linkages, promote products to government buyers, and provide training and handholding to recyclers and upcyclers.
September 5, 2026
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India-EU Free Trade Agreement promotes tariff reduction, market access, investment resilience, and India-Belgium industrial and skills cooperation.
India-EU Free Trade Agreement is presented as reducing or removing tariffs on more than 95 per cent of Indian and European goods exports while protecting sensitive sectors on both sides. It is intended to expand trade, investment and economic resilience, with the Port of Antwerp-Bruges serving as a major gateway for Indian exports into European markets. India-Belgium cooperation is identified in gems and jewellery, semiconductors, green hydrogen, advanced manufacturing, agriculture and food processing, supported by mutual recognition, workforce mobility, skills development and technology collaboration.
September 5, 2026
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MSME compliance capacity-building programme launches structured learning and workplace training to develop certified paraprofessional support.
Corporate Mitra Course has commenced to develop trained and certified paraprofessionals capable of providing affordable business and regulatory compliance support to Micro, Small and Medium Enterprises. The 12-month programme includes six months of structured academic learning and six months of on-the-job training in professional firms. Its digital learning system offers recorded lectures, reference materials, assessments and learner-support facilities. The programme aims to strengthen MSME formalisation, ease of doing business, trust, transparency, accountability and orderly growth.
September 5, 2026
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Audit quality advisory committee broadens expert input on assurance, technology, and stakeholder perspectives in oversight.
NFRA has constituted an Advisory Committee on Audit Quality, Assurance and Technology under Rules 15 and 16 of the National Financial Reporting Authority Rules, 2018. The Committee will provide expert inputs and suggestions on matters significantly affecting audit quality, while supporting functions relating to awareness of auditing and accounting standards. Its members represent professionals, chief financial officers, audit committees, independent directors, technology experts, regulators and industry.
September 4, 2026
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Money laundering allegations over fraudulent marriage-assistance disbursements prompted investigation into false credentials and ineligible beneficiary payments.
Alleged money laundering arose from fraudulent disbursement of marriage-assistance funds intended for daughters of registered construction workers. The allegations include approvals and releases for suspicious marriage cases, use of bank accounts opened or misused on false credentials, multiple cash withdrawals, and extension of benefits to ineligible persons. Investigation under the Prevention of Money Laundering Act followed an economic-offences FIR concerning suspected misuse of the welfare scheme.
September 4, 2026
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Money-laundering allegations: discharge plea attributes airline's financial collapse to macroeconomic conditions and denies loan siphoning through sales agents.
Money-laundering proceedings arising from alleged bank fraud concern claims that loans advanced to an airline were siphoned off. The discharge application attributes the airline's financial collapse to adverse macroeconomic conditions rather than fraudulent conduct or laundering, denies diversion through General Sales Agents, and maintains that related payments were board-approved and disclosed. It also contests the treatment of the bank's outstanding claim as funds received by the founder, while the investigating agency alleges systemic fraud, loan diversion and laundering.
September 4, 2026
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Foreign exchange market conditions supported rupee appreciation, while oil prices and geopolitical tensions limited potential gains.
Foreign exchange market conditions supported the rupee's appreciation by 8 paise to 94.43 against the US dollar, aided by positive domestic equity markets, improved risk appetite, foreign capital inflows and foreign institutional buying. Reserve Bank of India intervention was also cited as support. Elevated crude oil prices, safe-haven dollar demand and United States-Iran tensions were identified as factors limiting further gains. India's foreign exchange reserves increased to a new all-time high during the relevant reporting week.
September 4, 2026
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Offer-for-sale IPO clearance enables existing exchange shareholders to monetise holdings, while sale proceeds remain outside the exchange.
Regulatory clearance permits the National Stock Exchange to proceed with an initial public offering structured wholly as an offer for sale by existing shareholders. The proposed issue does not raise fresh capital, and sale proceeds will accrue to the selling shareholders rather than the exchange. Revised offer documents were required after addition of a selling shareholder, triggering a fresh public-feedback period. The offering follows settlement of co-location and dark-fibre matters and governance and compliance measures addressing regulatory concerns.
September 4, 2026
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Equity market resilience was tempered by profit booking, geopolitical tensions, global rate expectations and domestic liquidity.
Equity markets registered a recovery after four consecutive losing sessions, led by buying in metal, private banking, oil and gas, housing finance, telecommunication, insurance, commodities and financial services shares. The benchmark equity index closed higher, while the broader index recorded a modest gain after retreating from an intraday level above the psychological threshold during the newly introduced Closing Auction Session. Investor sentiment was supported by easing interest-rate concerns, strong earnings momentum, resilient economic growth and domestic demand, but was constrained by profit booking, geopolitical tensions and crude-oil price risks.
September 4, 2026
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Forex reserve management reflects rising foreign currency assets and gold holdings, alongside marginal declines in SDRs and IMF reserve position.
India's foreign exchange reserves increased to a fresh all-time high, supported principally by higher foreign currency assets and gold reserves. Reserve accumulation has continued after concessional foreign-exchange swap initiatives introduced amid local-currency depreciation. Foreign currency assets, expressed in United States dollar terms, also reflect 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 marginally.
September 4, 2026
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IPO regulatory clearance enables further public issue preparations, with existing shareholders proposing a complete offer for sale.
SEBI's final observations on the proposed initial public offering enable the National Stock Exchange to undertake further public-issue preparations, subject to applicable regulatory requirements. The proposed issue is structured entirely as an offer for sale, under which existing shareholders would divest a portion of their holdings rather than the exchange issuing new shares. The draft red herring prospectus contemplates sale of 14.89 crore shares, representing nearly 6 per cent of the exchange's stake.
September 4, 2026
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Personal security frameworks evolved from elite guards into intelligence-led protection systems, while VIP culture can distort their necessity.
Personal security evolved from elite guards into structured systems combining physical protection, intelligence, technology and specialised protocols. Prime Ministerial security in India was reorganised after the 1984 assassination of Prime Minister Indira Gandhi by her bodyguards. A commission recommended a single protective agency, leading to the formation of the Special Protection Group in 1985. Statutory parameters introduced in 1988 sought to rationalise and scientifically streamline protection arrangements. Advanced technology, training, intelligence and protocols do not eliminate personal-protection vulnerabilities, and security is characterised as a necessity rather than a status symbol.
September 4, 2026
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Rupee exchange-rate movement reflects foreign-currency deposit inflows, central-bank intervention, oil-price risks and changing market risk appetite.
Foreign-exchange liquidity measures, including a special central-bank programme for foreign-currency deposits, generated substantial inflows that supported the rupee. Inflows from foreign-currency deposits, overseas foreign-currency borrowings and external commercial borrowings strengthened market conditions. Rupee appreciation was also supported by foreign equity inflows and risk appetite, but remained vulnerable to higher crude-oil prices, US-Iran tensions, safe-haven demand for the US dollar and possible disruption to oil flows through the Strait of Hormuz.
September 3, 2026
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Trade agreement consultations safeguard farmer, worker, MSME and sectoral sensitivities while phased bilateral tariff negotiations continue.
India-US bilateral trade agreement negotiations are being pursued on the stated basis that Indian sensitivities will not be compromised. The agreement's text remains non-public, while the government position identifies farmers, fishers, micro, small and medium enterprises, workers, handloom and handicrafts sectors, and the automobile industry as protected considerations. The arrangement is described as a first tranche, with further engagement contemplated following changes in the United States tariff landscape.
September 3, 2026
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Unauthorised toll collection apps allegedly generated fake receipts, concealed non-FASTag collections, and triggered a money-laundering investigation.
Unauthorised digital applications allegedly enabled toll collection from vehicles without FASTag stickers outside the official reporting system. Mobdata and Any were allegedly used to generate unauthorised or fake toll receipts, conceal collections from NHAI, and monitor such collections through dedicated portals. A PMLA investigation followed an FIR alleging fraudulent toll collection, with digital forensic material indicating use of the mechanism across around 100 toll plazas. Searches resulted in seizure of financial and digital records and freezing of bank accounts.

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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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