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    AU Small Finance Bank Strengthens Its Digital Banking with an Enhanced Savings Ecosystem
    Rupee nears 94/USD, down 41 paise to record low of 93.94 in early trade
    Government modifies Mutual Credit Guarantee Scheme to Support MSME Manufacturers and Exporters in line with Budget 2025-26
    Government introduces Credit Guarantee Scheme for Microfinance Institutions-2.0 (CGSMFI-2.0)
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    Himachal CM Sukhu presents Rs 54,928-cr budget for FY27 with thrust on rural economy
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    How Tripo Balances Speed and Quality in an AI 3D Model Generator
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    Sour taste: West Asia crisis hits rice exports from MP's Raisen and Balaghat districts
    IFQM'S FIRST MSME SYMPOSIUM CALLS FOR A 'NATIONAL QUALITY SPRINT' TO INTEGRATE WITH GLOBAL VALUE CHAINS
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    Gujarat gearing up to be USD 1 trillion economy by 2030 under PM's guidance: CM Patel
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March 23, 2026
Show AI Summary
Digital-first savings banking gains focus as AU Small Finance Bank expands a seamless, secure customer journey.
AU Small Finance Bank is strengthening its digital-first savings banking model by refining the customer journey across its Digital Savings Account portfolio. The enhanced ecosystem is designed to provide a seamless, intuitive, secure and mobile-first experience across multiple account segments, with simplified onboarding and clearer day-to-day account management. The approach also emphasizes guided decision-making, transparent communication on savings account essentials, faster access to core services through its mobile app, and an operating framework based on simplicity, accessibility and reliability.
March 23, 2026
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Rupee depreciation intensifies as crude prices, dollar strength and foreign outflows keep pressure on the currency.
The rupee weakened sharply in early trade and touched a record low against the US dollar amid elevated global crude prices, a strong dollar, foreign fund outflows and weakness in domestic equity markets. Market participants linked the depreciation to heightened dollar demand from oil imports and continued selling by foreign institutional investors. The Reserve Bank of India was reported to be active in the market at various levels, with expectations of possible intervention to curb further depreciation, while the dollar index remained firm and Brent crude continued to trade at elevated levels.
March 23, 2026
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Mutual credit guarantee for MSMEs expands eligibility, eases upfront costs, and adds stronger support for exporter units.
Mutual Credit Guarantee Scheme for MSMEs has been modified to widen eligibility, reduce upfront burden, and extend guarantee support for credit used to purchase plant, machinery, and equipment. The revised terms include service sector MSMEs, a reduced machinery cost threshold, a 10-year guarantee tenure, and refundable upfront contribution requirements. Special provisions for exporter MSMEs prescribe eligibility conditions, a capped guaranteed loan amount, higher guarantee coverage, and a concessional guarantee fee structure.
March 23, 2026
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Credit guarantee support for microfinance lending boosts financing to NBFC-MFIs, with capped rates and differentiated coverage.
Credit guarantee support is introduced for lending to NBFC-MFIs and MFIs through the National Credit Guarantee Trustee Company Limited to strengthen financing for on-lending to small borrowers within the Reserve Bank of India's microfinance definition. The scheme extends differentiated guarantee cover of 80% for small, 75% for medium and 70% for large NBFC-MFIs or MFIs, with a guarantee fee of 0.50% per annum and lending caps linked to EBLR or MCLR plus 2% per annum. The scheme remains valid until 30 June 2026 or until loans aggregating to Rs. 20,000 crore are guaranteed.
March 22, 2026
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Rural economy support and targeted welfare measures shape the Himachal Budget, with higher support prices and fiscal restraint steps.
The Budget for 2026-27 emphasised rural economy support, welfare-linked subsidies, and sector-specific price interventions. It proposed free electricity for identified poor families, monthly assistance for eligible women, housing support for poor households, higher support prices for crops, milk and fish, and reduced royalty on fish caught from reservoirs. The Budget also provided for forest-based livelihood measures, plantation-linked employment, eco-tourism development, and targeted support for shepherd communities, alongside temporary salary deferral measures to address fiscal stress.
March 21, 2026
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Discontinuation of Revenue Deficit Grant increases fiscal pressure; state enacts salary deferments and targeted welfare measures in budget.
The budget responds to discontinuation of the Revenue Deficit Grant by reducing overall expenditure and imposing temporary salary deferments for listed officeholders and senior officials for six months, while allocating funds to complete pending works. It shifts subsidies to targeted welfare-free electricity for identified low income households, monthly cash transfers to eligible women, housing for selected poor families-and specifies sectoral measures including increased procurement prices for milk, a minimum support price for fish with reduced royalty, formation of a Kisan Aayog and a Women's Tourism Fund, and allocations for eco tourism and forest plantation.
March 21, 2026
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Credit rating upgrade strengthens NBFC's access to capital and supports strategic funding and growth plans.
IBL Finance Limited, an RBI registered fintech NBFC, has been assigned a long term investment grade rating of BBB with a Stable outlook. The rating is supported by governance, risk management and compliance frameworks, a healthy net worth, comfortable gearing and an elevated CRAR, diversified debt resources and majority promoter commitment. The company's portfolio is largely secured lending to financial institutions with improving gross and net NPA ratios and rapid AUM and net worth growth; forward looking statements are qualified by standard risk disclaimers.
March 21, 2026
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Balancing speed and production-quality in AI 3D model generation enables rapid conversion of concepts into usable assets.
Tripo Studio unifies rapid text-to-3D and image-to-3D generation with production-grade post-processing-automatic segmentation, automated retopology balancing efficiency and detail, AI PBR texturing with selective refinement, and AI auto-rigging-while offering Smart Mesh for clean low-poly topology and H3.1 for high-density fidelity, and a DCC Bridge for direct export to major 3D tools, enabling faster conversion of concepts into production-ready assets.
March 21, 2026
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Restrictions recommendation on a socio cultural organization challenged as biased, prompting calls for contributor background checks.
A coalition of 275 retired judges, civil servants and armed forces officers criticised a USCIRF report recommending asset freezes and movement restrictions against the RSS as biased and "highly motivated," urged vetting of report contributors, and stressed that critiques must be grounded in verifiable evidence and contextual understanding rather than broad generalisations.
March 21, 2026
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Trade disruption: West Asia crisis halts rice exports, raising costs and threatening supply chains and small mill viability
The West Asia crisis has disrupted exports of Raisen basmati and Balaghat boiled non-basmati rice by raising freight rates and creating container shortages, causing port backlogs, delayed shipments, strained payment cycles and working capital, falling farmgate and rice prices, reduced paddy arrivals, and threatening small and medium millers despite regional product identification used in exports.
March 21, 2026
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National quality sprint to align MSMEs with global value chains through cluster programmes and industry led quality courses.
A national quality sprint was proposed to align MSMEs with global value chains through cluster based interventions targeting measurable operational improvements within 12 months. IFQM paired this agenda with industry led, actionable mechanisms: cluster development, a Quality Excellence Prize with a multi stage assessment, a Leadership Development Course, a Zero Defect Manufacturing course, and an Excellence in Manufacturing Engineering course to build capacity, benchmark quality systems, and enable export competitiveness.
March 21, 2026
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Multimodal connectivity advances: projects evaluated to align infrastructure with integrated PM GatiShakti goals, boosting logistics efficiency.
The Network Planning Group reviewed six projects under PM GatiShakti standards-two rail (Arakkonam-Chengalpattu doubling; Whitefield-Bangarpet quadrupling), two metro (Mumbai Metro Line 11; Pune Metro Line 4 extensions), and two highways (Badnawar-Petlawad four laning; Fotu La Tunnel)-to ensure integrated multimodal infrastructure, last mile connectivity, passenger freight separation, and enhanced logistics efficiency, with anticipated outcomes of reduced congestion, improved punctuality and safety, lower transport costs, and socioeconomic benefits for project catchments.
March 21, 2026
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Environment audit designated agency role assigned: NPC to manage auditor certification, registration and capacity building under new rules.
The Government designated the National Productivity Council as the Environment Audit Designated Agency under the Environment Audit Rules, 2025, assigning NPC responsibility to develop eligibility and screening criteria, conduct examinations and certification for Certified Environmental Auditors, specify registration criteria for Registered Environmental Auditors, maintain an online public register, and manage renewal, suspension, withdrawal or cancellation processes, monitoring and disciplinary measures, alongside establishing digital systems and capacity building programmes to administer the national environmental audit framework.
March 20, 2026
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Currency depreciation driven by persistent foreign outflows and rising oil prices, heightening reserve pressure and inflation risks.
Rupee depreciation accelerated due to persistent foreign portfolio outflows and surging crude oil prices, intensifying exchange rate pressure and inflationary risk. Geopolitical tensions disrupting energy supplies were cited as a key driver, while heavy foreign equity selling and a notable decline in foreign exchange reserves reinforced market stress and reserve management challenges for monetary authorities.
March 20, 2026
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Tender irregularities monitored by a dedicated EOU team investigating collusion, portal manipulation and related financial offences.
A specialised EOU team has been formed to monitor and investigate tender irregularities across government departments, targeting collusion, manipulation of departmental portals and bypassing of procurement safeguards, with particular attention to illegal mining schemes involving departmental officials. Concurrently, the EOU has advanced financial crime probes including an examination paper leak, an investigation into disproportionate assets with cross border property evidence, PMLA referrals to the enforcement agency for asset confiscation review, and inquiries into GST evasion and fraud in cooperatives, banks and post offices.
March 20, 2026
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Tax simplification: streamline compliance for honest taxpayers while using technology to detect willful evasion and reduce litigation.
Finance Minister directs tax authorities to make compliance easy for honest taxpayers while using technology to detect willful evasion under the streamlined Income Tax Act, 2025; calls for local-language awareness campaigns and administrative steps to reduce litigation by clarifying and consolidating statutory provisions.
March 20, 2026
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Aadhaar biometric updates strengthen identity verification; coordination and cybersecurity measures expand digital access safeguards nationwide
UIDAI commended Andaman and Nicobar for strong implementation of Aadhaar biometric updates and adult enrolment verification, while noting terrain and connectivity challenges that require coordination with local administration. UIDAI emphasised the Aadhaar mobile application for remote identity management and a cybersecurity bug bounty programme engaging vetted ethical hackers to secure public-facing applications, and urged timely biometric updates for children to prevent authentication problems in examinations and welfare schemes.
March 20, 2026
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Economic development goal: state pursues large-scale economy growth through industrial support, infrastructure upgrades and policy transparency.
Gujarat sets an economic development goal to become a large-scale economy by following central policy direction, with the state committing targeted support to industries through policy-driven facilitation, transparency, and updated regulatory measures. Operational measures emphasize infrastructure, water and electricity improvements, inclusive regional development beyond traditional industrial belts, expansion of the MSME sector, export-oriented sectoral strengths, investor attraction via the Vibrant Gujarat initiative, and a long-term roadmap toward national development milestones, with infrastructure upgrades and investment facilitation as core mechanisms.
March 20, 2026
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Foreign exchange reserves decline indicates central bank reserve composition shifts and affects external liquidity management policy.
The central bank reported a weekly decline in overall foreign exchange reserves driven mainly by a fall in foreign currency assets, alongside an increase in gold holdings and minor decreases in Special Drawing Rights and the reserve position with the international monetary institution, changes which alter reserve composition and dollar-denominated valuation.
March 20, 2026
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Currency depreciation pressures the rupee as fund outflows and rising oil amid geopolitical tensions create a negative bias.
The rupee fell to a record low of 93.71 against the dollar, primarily due to sustained foreign institutional investor outflows and rising global crude prices amid geopolitical tensions; higher energy costs were noted as risks to the trade deficit and inflation, while major central banks' rate-hold stances and recent net foreign equity sales were cited as contextual factors, with analysts forecasting a continued negative bias and a near-term trading range for the spot exchange rate.

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Customs & Trade

Herbalife to Expand Its Personalized Nutritional Supplement Capabilities Through Planned Acquisition of Bioniq

March 27, 2026

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Transaction accelerates Herbalife and Cristiano Ronaldo's commitment to scale personalized nutrition and wellness globally BENGALURU, India, March 27, 2026 /PRNewswire/ -- Herbalife Ltd., (NYSE: HLF), a premier health and wellness company, community and platform, today announced an agreement to acquire certain assets from Bioniq, a UK-based personalized supplements company focused on making health more accessible and actionable. The transaction advances Herbalife's vision of becoming a technology-enabled, data-driven health and wellness platform. "The future of health and wellness is becoming more personalized and informed by data," said Herbalife Chief Executive Officer, Stephan Gratziani. "By combining Bioniq's personalized supplement technology with Pro2col and the power of our global distributor network, we are expanding our ability to deliver personalized wellness at global scale." Bioniq develops personalized supplement formulas using its patented product personalization engine, an individual's health background, and a proprietary database of biomarkers. Bioniq's personalized supplement formulations are designed for a broad range of individuals, from everyday wellness consumers to elite athletes, including Cristiano Ronaldo. Bioniq will complement Herbalife's prior acquisitions of Pro2col and Link BioSciences by enabling Herbalife to offer a broader range of personalized nutritional supplements across multiple delivery formats. Combining Bioniq's offering with Herbalife's global manufacturing expertise will enable the Company to expand personalized nutrition at scale and speed. "I founded Bioniq in 2019 with a vision to help people optimize their wellbeing through a science-driven approach to nutrition that incorporates biomarker and lifestyle data," said Vadim Fedotov, Founder and President of Bioniq. "I am excited to join Herbalife with its global distributor network and commitment to advancing wellness at scale." As a long-time global nutrition partner of Herbalife and Bioniq shareholder, Cristiano Ronaldo shares Herbalife's vision to accelerate the availability of personalized nutritional supplements at scale through its global distributor network. "Throughout my career, biometrics and personalized nutrition have been central to helping me perform and compete at the highest level. As a longtime Herbalife and Bioniq user, I've experienced firsthand how a tailored approach to nutrition can help optimize performance," said Cristiano Ronaldo. "I'm delighted to see Bioniq's personalized supplements become part of Herbalife's expanding access to nutritional supplements, helping people take a more informed approach to their health, wellness and performance." The transaction is expected to close in the second quarter of 2026, subject to customary closing conditions and regulatory approvals. The $55 million purchase price will be paid over five years, including an initial payment of $10 million at closing. In addition, the transaction value includes up to $95 million of contingent payments based on future performance. As part of the transaction, Herbalife also obtained a call option to acquire Bioniq LAB, a separate platform focused on small molecules and peptides. The call option provides Herbalife with strategic flexibility to evaluate potential longer-term opportunities in this area in a disciplined and capital-efficient manner. Bioniq's personalized nutritional supplements are expected to be offered later this year through Herbalife independent distributors for customers in select countries in Europe and the United States, with additional markets to follow. For more information, visit www.herbalife.com. About Herbalife Ltd. Herbalife (NYSE: HLF) is a premier health and wellness company, community and platform that has been changing people's lives with great nutrition products and a business opportunity for its independent distributors since 1980. The Company offers science-backed products to consumers in more than 90 markets through entrepreneurial distributors who provide one-on-one coaching and a supportive community that inspires their customers to embrace a healthier, more active lifestyle to live their best life. For more information, visit https://ir.herbalife.com. About Bioniq Bioniq, launched in 2019 in London, UK, is an industry leader in offering personalized supplements based on personal questionnaires and blood test data. Shipping globally and utilizing one of the largest personalized nutrition databases, Bioniq has created unique formulas for hundreds of thousands of users that incorporate components and dosages tailor-made to each individual's nutrient deficiencies. For more information, visit: https://www.bioniq.com/. Forward-Looking Statements This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are "forward-looking statements" for purposes of federal and state securities laws, including any projections of earnings, revenue or other financial items; any statements of the plans, strategies and objectives of management, including for future operations, capital expenditures, or share repurchases; any statements concerning proposed new products, services, or developments; any statements regarding future economic conditions or performance; any statements of belief or expectation; and any statements of assumptions underlying any of the foregoing or other future events. Forward-looking statements may include, among others, the words "may," "will," "estimate," "intend," "continue," "believe," "expect," "anticipate" or any other similar words. Although we believe that the expectations reflected in any of our forward-looking statements are reasonable, actual results or outcomes could differ materially from those projected or assumed in any of our forward-looking statements. Our future financial condition and results of operations, as well as any forward-looking statements, are subject to change and to inherent risks and uncertainties, many of which are beyond our control. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in or implied by our forward-looking statements include the following: • the potential impacts of current global economic conditions, including inflation, unfavorable foreign exchange rate fluctuations, and tariffs or retaliatory tariffs, on us; our Members, customers, and supply chain; and the world economy; • our ability to attract and retain Members; • our relationship with, and our ability to influence the actions of, our Members; • our noncompliance with, or improper action by our employees or Members in violation of, applicable U.S. and foreign laws, rules, and regulations; • adverse publicity associated with our Company or the direct-selling industry, including our ability to comfort the marketplace and regulators regarding our compliance with applicable laws; • changing consumer preferences and demands and evolving industry standards, including with respect to climate change, sustainability, and other environmental, social, and governance matters; • the competitive nature of our business and industry; • legal and regulatory matters, including regulatory actions concerning, or legal challenges to, our products or network marketing program and product liability claims; • the Consent Order entered into with the Federal Trade Commission, or FTC, the effects thereof and any failure to comply therewith; • risks associated with operating internationally and in China; • our ability to execute our growth and other strategic initiatives (such as restructuring efforts, increased market penetration in existing markets, and personalized product and related technology initiatives); • the effectiveness and acceptance of new technology-driven initiatives; • any material disruption to our business caused by natural disasters, other catastrophic events, acts of war or terrorism, including the wars in Ukraine and the Middle East, cybersecurity incidents, pandemics, and/or other acts by third parties; • our ability to adequately source ingredients, packaging materials, and other raw materials and manufacture and distribute our products; • our reliance on our information technology infrastructure, and our ability to successfully develop, deploy, and integrate artificial intelligence into our business; • noncompliance by us or our Members with any privacy, artificial intelligence and data protection laws, rules, or regulations or any security breach involving the misappropriation, loss, or other unauthorized use or disclosure of confidential information; • contractual limitations on our ability to expand or change our direct-selling business model; • the sufficiency of our trademarks and other intellectual property; • product concentration; • our reliance upon, or the loss or departure of any member of, our senior management team; • our ability to integrate and capitalize on acquisition transactions; • restrictions imposed by covenants in the agreements governing our indebtedness; • risks related to our convertible notes; • changes in, and uncertainties relating to, the application of transfer pricing, income tax, customs duties, value added taxes, and other tax laws, treaties, and regulations, or their interpretation; • our incorporation under the laws of the Cayman Islands; and • share price volatility related to, among other things, speculative trading and certain traders shorting our common shares. Additional factors and uncertainties that could cause actual results or outcomes to differ materially from our forward-looking statements are set forth in the Company's filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the Securities and Exchange Commission on February 18, 2026, including under the headings "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" and in our Consolidated Financial Statements and the related Notes included therein. In addition, historical, current, and forward-looking sustainability-related statements may be based on standards for measuring progress that are still developing, internal controls and processes that continue to evolve, and assumptions that are subject to change in the future. Forward-looking statements made in this release speak only as of the date hereof. We do not undertake any obligation to update or release any revisions to any forward-looking statement or to report any events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, except as required by law. Photo: https://mma.prnewswire.com/media/2943996/Herbalife_Bioniq.jpg' alt='Embedded Media' /> Logo: https://mma.prnewswire.com/media/2238437/5887103/Herbalife_Logo.jpg' alt='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 PWR

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