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    IC Electricals Secures Approx. ₹6 Crore Railway Orders and ₹1 Crore Export Order
    Additional Information related to GDP Estimates Received After Release of Q1 Estimates of FY 2026-27
    Union Minister of Commerce & Industry Shri Piyush Goyal Chairs CEO Roundtable on Ease of Doing Business for Scaling India’s Data Centre Ecosystem
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September 2, 2026
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Railway equipment purchase orders and export order expand IC Electricals' domestic and international business pipeline.
IC Electricals Company Limited has secured railway purchase orders for electrical and electronic supplies and an export order, creating combined order inflow across domestic railway operations and international markets. Its product portfolio includes regulators, battery chargers, emergency lights, inverters, microprocessor-based control systems, alternators, traction motors, and permanent magnet alternators with controllers. Forward-looking statements on business plans, projects, and research and development remain subject to risks and uncertainties and may differ materially from actual results.
September 2, 2026
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Double deflation explains negative manufacturing GVA deflators when input prices rise faster than output prices.
Double deflation in manufacturing separately deflates gross output and intermediate consumption, with real GVA derived from their difference. Where input prices rise faster than output prices, nominal GVA may grow more slowly than real GVA, producing a negative implicit GVA deflator despite rising output and input prices. A negative manufacturing GVA deflator therefore does not establish a fall in manufactured-product prices or lower real growth. The implicit GDP deflator is a derived ratio between current-price and constant-price GDP and differs from CPI and WPI because of their distinct coverage, weights, and price concepts.
September 2, 2026
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Data centre ease-of-doing-business reforms target reliable power, prepared land, streamlined approvals and building standards for faster infrastructure deployment.
Ease-of-doing-business reforms for India's data-centre ecosystem focus on faster and sustainable infrastructure deployment through reliable power, ready-to-use land, streamlined approvals and suitable building regulations. Proposed power measures include cluster-based transmission planning, first-day sanctioned load, dual feeders and cross-border renewable-energy procurement. Data-centre-ready land banks and power-ready parcels are intended to reduce development timelines. The National Building Code 2026 recognises data centres under Group E and contains a dedicated annex on fire-risk assessment and data-centre-specific performance indicators.
September 2, 2026
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Trade facilitation and customs cooperation drive follow-up action on connectivity, regulatory coordination, investment promotion and bilateral commercial engagement.
India-Afghanistan bilateral trade and economic cooperation is being advanced through institutional engagement on trade facilitation, customs cooperation, connectivity, investment and commercial exchange. Priority areas include customs and data-sharing cooperation, visa facilitation for traders, banking and financial cooperation, pharmaceutical and agricultural trade, energy cooperation, tariff concessions, cargo connectivity and port-related matters. Follow-up action covers regulatory cooperation, improved connectivity, investment promotion and business-to-business engagement.
September 2, 2026
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Residential rooftop solar subsidy requires eligibility, prior approval, registered installation, net metering, commissioning, and verified bank details for direct transfer.
PM Surya Ghar Muft Bijli Yojana provides central financial assistance for eligible grid-connected residential rooftop solar systems, capped at Rs. 78,000 for systems of three kilowatts or more. Applicants must be Indian citizens who own a suitable house, hold a valid electricity connection, and have not received an earlier solar-panel subsidy. Applications require portal registration, distribution-company feasibility approval, installation through a registered vendor, net metering, inspection, commissioning and submission of bank details. Assistance is transferred directly after verification. State-specific net-metering procedures, approvals and additional incentives may apply.
September 2, 2026
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Sovereign credit rating upgrade reflects solid growth, stronger financial systems, and improving fiscal and external resilience.
JCR upgrades India's foreign-currency and local-currency long-term issuer ratings to A- with a stable outlook, citing sustained economic growth, productivity-oriented policies and improved financial-system soundness. Fiscal constraints include elevated deficits, intergovernmental fiscal transfers, electoral-cycle sensitivity, and high combined government debt and interest burdens. Greater emphasis on infrastructure capital expenditure has improved the quality of fiscal spending. External resilience is supported by a contained current account deficit, services surplus and foreign-exchange reserves exceeding short-term external debt.
September 2, 2026
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Personal insolvency bench constitution and repayment-plan eligibility remain contested where a larger tribunal bench stays a third-member order.
Personal insolvency proceedings raised a challenge to the National Company Law Tribunal's authority to constitute a five-member bench after a split verdict. The challenge contended that the mechanism for differing views permits reference to another member or members, but does not authorise a five-member bench. The larger bench stayed the third member's order, restricted asset alienation, and suspended an order permitting settlement of personal-guarantee claims. The dispute concerned the validity of that bench, the split-verdict reference procedure, repayment-plan eligibility, and pending creditor appeals.
September 2, 2026
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Digital lending app verification enables borrowers to identify regulated lenders, grievance channels, and warning signs before accepting loans.
GoCredit's Loan App Checker allows borrowers to search lending apps against the public Digital Lending App directory and identify the regulated lender, grievance contact and RBI Ombudsman escalation route where a match exists. Regulatory reporting by regulated entities enables app-level verification, while borrowers should also check the lender named in app disclosures and loan agreements. A directory listing is a regulated-entity disclosure, not RBI approval or endorsement. Unmatched apps should be assessed through verification steps and reported through official channels where appropriate.
September 2, 2026
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Rupee depreciation in early trade reflected oil-price pressures, risk aversion, higher Treasury yields and broad dollar strength.
Early foreign-exchange trading saw the rupee weaken against the US dollar amid renewed US-Iran tensions, risk aversion, higher Brent crude prices, and a stronger dollar. Safe-haven demand, inflation concerns linked to potential oil-supply disruption, expectations of a September Federal Reserve rate increase, and higher US Treasury yields supported the broad dollar rally. RBI monitoring of the rupee's decline was noted.
September 2, 2026
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Responsible AI governance requires ethical safeguards, privacy protection, accountability and adaptive oversight to build lasting corporate stakeholder trust.
Responsible artificial intelligence governance requires continuous innovation, inclusive development, responsible deployment and trust-based governance. AI systems should be ethical, safe, transparent, fair and human-centric, with safeguards for privacy, bias, security and accountability. Proportionate and adaptive regulation should provide clear accountability, standards, monitoring, auditability and grievance redressal. Good governance, cybersecurity, personal data protection and responsible AI together strengthen organisational resilience, stakeholder trust, transparency and sustainable innovation.
September 2, 2026
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E-auction of surplus public land enables transparent outright sale of RINL parcels through registered, KYC-verified bidding.
National Land Monetization Corporation will facilitate the e-auction and outright sale of 459 encumbrance-free RINL land parcels, including residential plots and parcels suited for commercial and logistics use. Competitive bidding will occur through the RailTel E-Nivida e-procurement platform. Participation requires online registration, KYC verification, and plot-wise submission of an earnest money deposit within prescribed timelines. The process supports transparent monetisation of surplus land and non-core public assets.
September 2, 2026
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Competition approval for infrastructure finance restructuring covers acquisition, minority transfer, investment divestment, and merger of regulated NBFCs.
Competition Commission of India approval applies to the acquisition of Aseem Infrastructure Finance Limited by TPG Nicobar SG Pte. Ltd., a subsequent minority share acquisition by ICICI Bank Limited, and Aseem's divestment of its shareholding in NIIF Infrastructure Finance Limited to National Investment and Infrastructure Fund II. Following the acquisition, Climate Finance India Private Limited is intended to merge into Aseem as the surviving entity. The entities involved include RBI-registered non-deposit taking NBFCs operating in infrastructure finance, investment and credit, and infrastructure debt financing.
September 2, 2026
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Healthcare merger approval enables KCIL to acquire fertility and specialty hospital businesses alongside related equity issuances and investment.
Competition Commission approval covers KCIL's acquisition of up to 100% equity shareholding in AFCPL and 100% equity shareholding in ASHPL. The combination includes KCIL issuing equity shares and optionally convertible debentures to AHLL, representing 9.9% fully diluted shareholding as partial consideration, together with a further KCIL equity investment by Arvon Investments Pte. Ltd. KCIL operates mother and baby care hospitals, while AFCPL provides assisted reproductive treatment and reproductive-medicine services.
September 1, 2026
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Money-laundering investigation into alleged District Mineral Fund diversion examines purported liaison activity and asset acquisition through proceeds of crime.
Money-laundering proceedings under the Prevention of Money Laundering Act concern alleged diversion of District Mineral Fund resources through the Chhattisgarh Seed Corporation. The investigation alleges siphoning of public funds by contractors in collusion with government officials and political executives. A businessman was identified as an alleged liaisoner and financial coordinator between public servants, district authorities and private vendors. Allegations also include receipt of commissions, acquisition of immovable assets from purported proceeds of crime, non-production of records, and contradictory statements during questioning.
September 1, 2026
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Foreign exchange market dynamics: rupee appreciation reflected portfolio inflows, domestic growth, and possible central-bank intervention amid external pressures.
The rupee appreciated against the US dollar, supported by domestic growth, controlled fiscal slippage, portfolio-related inflows and possible Reserve Bank of India intervention. Its gains were limited by weak equity markets, rising crude oil prices and a stronger dollar. External geopolitical tensions and hawkish US monetary signals remained potential pressures. Domestic indicators showed strong economic activity, while the current account deficit widened because of a higher merchandise trade deficit. Foreign portfolio inflows continued despite investors remaining net sellers during the year.
September 1, 2026
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Current account deficit widened as merchandise trade deficit increased, notwithstanding stronger services receipts, remittances, and foreign direct investment inflows.
India's current account deficit widened in the first quarter of 2026-27 as the merchandise trade deficit increased. Higher net services receipts, increased personal transfer receipts and lower net primary-income outgo partly supported the external account. Financial-account movements included higher net foreign direct investment inflows, a shift in foreign portfolio investment from net inflow to net outflow, and lower net inflows through non-resident deposits and external commercial borrowings. Foreign exchange reserves declined on a balance-of-payments basis during the quarter.
September 1, 2026
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Technology-enabled tax compliance and enforcement supported higher commercial tax collections, while GST rate reductions moderated sectoral net GST growth.
Technology-enabled tax administration supported commercial tax and net GST collection growth in Andhra Pradesh during August 2026 and the cumulative period through August. AI-based analytics and scrutiny, IGST reversals, UPI-based enforcement, registration verification, Aadhaar authentication, digital payment enablement, predictive analytics and data sharing strengthened compliance, scrutiny and revenue mobilisation. Petroleum VAT, professional tax, liquor VAT and IGST settlement also increased, while GST rate reductions moderated net GST performance in specified product sectors.
September 1, 2026
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Windfall gains tax on petroleum exports rises for petrol and diesel while aviation turbine fuel levy is reduced.
Special additional excise duty and road and infrastructure cess on petroleum-product exports are revised with effect from 1 September 2026. The export duty on diesel is increased, the levy on aviation turbine fuel is marginally reduced, and a duty is imposed on petrol exports. Existing duty rates for petrol and diesel cleared for domestic consumption remain unchanged. The windfall-tax framework seeks to support domestic fuel availability and deter exporters from benefiting from domestic and international price differences.
September 1, 2026
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Automated Free Sale and Commerce Certificate issuance reduces manual scrutiny while preserving risk-based review for eligible exporters.
DGFT has enabled automated issuance of Free Sale and Commerce Certificates through its portal for eligible exporters of items not covered by the Drugs & Cosmetics Act, 1940. Applications satisfying prevailing framework and automated processing parameters may be issued without manual scrutiny. Applications requiring verification or not meeting those parameters may be routed for manual processing, while auto-approved applications may be flagged later for risk-based review. The mechanism seeks faster, more transparent and predictable processing while retaining necessary oversight.
September 1, 2026
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Five-day banking and equitable performance incentives drive planned nationwide bank union strike amid unresolved pension demands.
United Forum of Bank Unions has proposed nationwide strike action over delayed five-day banking, the performance-linked incentive framework, and unresolved pension demands. Five-day banking was agreed under the 12th Bipartite Settlement/9th Joint Note with extended Monday-to-Friday working hours, but remains pending for implementation. Unions challenge the incentive scheme for departing from a uniform, bank-performance-linked approach and for disproportionately benefiting senior officers. The dispute is under conciliation and pending before the Delhi High Court, while pension updation, a uniform dearness allowance formula, and an old pension scheme option remain unresolved.

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UST Partners with Anthropic to Bring Claude Into UST''s Platforms, Engineering, and Operations and Train 20,000 UST Employees Globally

July 8, 2026

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Under the strategic alliance, UST will combine Anthropic’s Claude models with UST’s proprietary industry and horizontal platforms, engineering services, domain solutions, and internal operations, helping clients modernize and transform core systems and operationalize trusted AI at scale.
Aliso Viejo, San Francisco, CA, United States & Bengaluru, Karnataka, India – Business Wire India
UST, a leading AI and technology transformation solutions company, today announced a strategic alliance with Anthropic, the AI safety and research company behind the Claude family of models. The partnership is focused on helping Global 1000 enterprises become AI-native. UST will embed Claude into the engineering environments and operational workflows it designs, builds, and runs for clients — helping organizations move from isolated AI pilots to trusted, enterprise-scale AI embedded in the systems that drive their business.
The alliance combines Claude models with UST's implementation, engineering, and domain expertise, enabling customers to adopt Claude more quickly and responsibly within existing enterprise environments.
Rooted in a shared commitment to responsible AI, the alliance strengthens UST’s position as a Global Premier Partner in the Claude Partner Network Services Tier and expands UST’s ability to help organizations move from experimentation to trusted, large-scale deployment. By combining Claude models with UST’s engineering expertise, deep industry knowledge, and global delivery model, customers can adopt Claude with greater confidence across complex enterprise environments.
Claude for Physical AI: Enhancing UST's Engineering Platforms
UST is integrating Claude into the engineering platforms that semiconductor, automotive, manufacturing, telecom, embedded, and IoT companies use for design verification, semiconductor validation, factory operations, and field service. This will enable teams to catch design flaws earlier, speed up chip validation, and integrate hardware and software into a single system from the factory floor to the field. These processes are foundational to physical AI, moving intelligence off the screen and into the equipment and robotics that run production.
UST-iDEC is one of the clearest examples. The platform already changes the economics of hardware and silicon validation, cutting cycle times by 50–70% and compressing standard four-day turnarounds into 48 hours through a closed-loop, agentic validation pipeline. UST is now integrating Claude as the reasoning layer into that pipeline to further extend it. Claude Code reads chip pinouts and hardware schematics natively and writes and runs regression test scripts that engineers previously scripted by hand, while Claude's reasoning models compare live edge data against digital twins to flag firmware regressions and signal-integrity faults.
UST is targeting an already-fast validation pipeline that gets even faster, with less manual scripting, earlier fault detection, without adding new tools for engineers.
UST Platform solutions accelerated by Claude for Industry and Enterprise Workflows
UST will integrate Claude into selected industry platforms and horizontal enterprise platforms. Together, these integrations will give clients a consistent way to apply AI across industry-specific and shared enterprise workflows where accuracy, data protection, compliance, and reliability are critical.
Healthcare Payer: UST CarePath uses Claude to streamline member services, care management, and claims workflows, giving care teams a single, real-time view. Claude Code and MCP connectors link the platform directly to claims and care management systems, while an agentic layer routes each recommended action for approval before it reaches a member. The platform will help teams turn healthcare data into clear next steps, improve patient and member engagement, and resolve issues faster while staying within healthcare data governance controls.
Telecom: UST IntelliOps will bring Claude into network operations, service assurance, and OSS/BSS modernization. The platform has Claude’s reasoning layer wired in to help operators identify service issues, predict RAN failures, and reduce outage duration through approved response workflows and secure system integrations. This gives telecom operators fewer SLA penalties, shorter customer-facing outages, and less time NOC teams spend sorting signal from noise.
Banking: Most mid-tier banks still run on core systems built for overnight batch processing, not real-time banking. Every new integration or product change requires months of vendor-dependent work. UST FinX connects legacy banking systems to a single modern, real-time platform built for open banking and API-first integration. Claude drives the platform's AI capabilities, accelerating onboarding, automating document processing, and providing staff with faster access to account and compliance data, all within FinX's built-in governance and audit controls. That's what lets a bank modernize without hiring a bigger compliance team just to keep up.
Scaling Claude Across UST’s Horizontal Platforms and Industries
UST puts Claude to work everywhere clients feel the friction of change. In consulting, teams use Claude to redesign workflows and transformation roadmaps, helping enterprises adopt AI across functions and make change management repeatable rather than a one-off project. In business applications, Claude Code and approved MCP connectors handle configuration by hand, writing integration logic and letting teams describe what they need in plain language. In data and automation, Claude builds pipelines, accelerates analysis, and coordinates end-to-end handoffs between systems that once required manual stitching. In cloud, infrastructure, and security, Claude supports migration planning, writes infrastructure as code, checks it against policy before it ships, and helps teams get to the bottom of an incident faster, all under the same governance running across the alliance. Looking ahead, UST will also bring Claude into its retail, consumer goods, and manufacturing platforms to sharpen merchandising and inventory planning, strengthen digital commerce, and improve supply chain execution.


UST's Own Operations, Accelerated by Claude
UST already applies AI across its own operations and continues to expand its use of Claude and Claude Cowork. Within UST, deploying these capabilities across contracts, legal, talent, marketing, infrastructure, and finance demonstrates a commitment to innovation and operational excellence. Teams are transforming manual processes into reusable, Claude-native workflows and developing role-specific Claude skills to support key functions. These workflows operate with clear guardrails and human oversight at critical points, ensuring that automation supports accountability and informed judgment alongside speed. The result is more consistent operations and more time for employees to focus on judgment, negotiation, client work, and creative problem-solving. The impact is twofold. Operations run faster and cleaner, and people gain time for decisions, negotiations, and imagination that drive growth.
By gaining firsthand experience with the operational, technical, and change management challenges of AI adoption, UST is building the foundation for how it helps customers reimagine their enterprise transformation. That experience is evolving into an operating playbook of tested workflows, governance models, and value frameworks, proven within a complex organization and designed to accelerate time-to-value while managing financial and operational risk.
UST commits to training 20,000 developers and industry experts equipped to build with Claude at enterprise scale
A core pillar of this alliance is powering UST’s transformation into an AI-native company, starting with how UST works internally, not just what it delivers to clients. As part of the alliance, UST plans to certify 20,000 associates worldwide on Claude, across roles from architects and engineers to consultants, industry specialists, and forward-deployed engineers who can sit alongside client teams to think, build, and solve problems every day. This reflects UST’s continued emphasis on talent enablement, grounded in its core values of Humility, Humanity, and Integrity, while developing a growing community of AI-native developers, FDE-style practitioners, architects, and industry experts equipped to build with Claude at enterprise scale.
UST will build specialized teams to deploy Claude, with support from Anthropic enablement, technical guidance, and certification.
"Our alliance with Anthropic reflects UST's unwavering commitment to helping clients navigate the AI landscape with confidence and achieve meaningful business outcomes. By combining the capabilities of Claude with UST's engineering, industry knowledge, and delivery expertise, we are bringing to market industry-specific platforms and digital and engineering solutions that improve productivity, accelerate business outcomes, and help clients operationalize AI-led decisions in a safe and secure environment," said Krishna Sudheendra, Chief Executive Officer, UST.
"UST helps the world's banks, telecoms, and manufacturers put new technology to work. They're proving Claude inside their own engineering first, training 20,000 of their own people on it, before bringing it into the systems they build and run for clients," said Paul Smith, Chief Commercial Officer, Anthropic.
“We are wiring Claude into how UST designs, builds, and runs solutions across our consulting, platforms, engineering services, and industry offerings. This alliance with Anthropic helps us deliver higher-value outcomes for clients while advancing UST’s transformation into an AI-native organization built on trust, human oversight, and long-term impact,” said Manu Gopinath, President, UST.


About Anthropic
Anthropic is an AI safety company that builds reliable, interpretable, and steerable AI systems. Founded as a public benefit corporation, Anthropic develops the Claude family of AI models and products, including Claude Code, Claude Cowork, and Claude Enterprise, used by organizations around the world. For more information, visit anthropic.com.
About UST
Since 1999, UST has worked side by side with the world's best companies to make a powerful impact through transformation. Powered by technology, driven by AI, inspired by people, and led by our purpose, we partner with our clients from design to operation. Our AI-driven digital solutions, proprietary platforms, engineering, R&D, products, and innovation ecosystem turn core challenges into impactful, disruptive business outcomes. With deep industry knowledge and a future-ready mindset, we infuse expertise, innovation, and agility into our clients' organizations—delivering measurable value and positive lasting change for them, their customers, and communities around the world. Together, with 30,000+ employees in 30+ countries, we build for boundless impact—touching billions of lives in the process. Visit us at www.UST.com.


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

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