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    Sterling Bank of Asia Selects Infosys Finacle Software-as-a-Service for it's Next-Gen Transformation
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June 25, 2026
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Core banking transformation through SaaS platform aims to improve reliability, automation, compliance, and scalable digital growth.
Sterling Bank of Asia selected Infosys Finacle Software-as-a-Service platform for its transformation programme, using core banking, customer data hub, trade finance, and origination solutions. The collaboration is intended to improve employee and customer experience, maintain availability and reliability, reduce operational complexity through automation and digitisation, and support future growth. The SaaS deployment is also expected to simplify technology operations, enable faster innovation, and provide secure, compliant, cloud-hosted scalability with periodic upgrades and feature enhancements.
June 25, 2026
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Regional economic cooperation drives the UK-India Free Trade Agreement agenda through Gujarat's investment and trade opportunities.
Regional economic cooperation was highlighted as the practical next phase of the UK-India partnership following ratification of the UK-India Free Trade Agreement, with Gujarat presented as a central hub for industry, energy, finance, innovation and enterprise. The discussions focused on how businesses can convert the FTA into investment, market access, technology collaboration and long-term commercial partnerships, while emphasising Gujarat's industrial ecosystem, investment-friendly policies, business-ready infrastructure and policy stability.
June 25, 2026
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Sea freight for horticultural exports gains momentum as premium Banganapalle mangoes reach Singapore through compliant cold-chain logistics.
APEDA facilitated the first commercial sea shipment of premium Banganapalle mangoes from India to Singapore, using GAP-certified orchards, an APEDA-recognised packhouse, and cold-chain logistics to meet Singapore's quality and phytosanitary requirements. The shipment is presented as evidence of the viability of sea freight for fresh horticultural exports and of the commercial benefits of scientific post-harvest management and sustainable export pathways.
June 25, 2026
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Fixed deposit-backed secured credit card expands access to formal credit with cashback and credit-building benefits.
Fixed deposit-backed secured credit card launched to expand access to formal credit for consumers with limited or no credit history, including new-to-credit users and persons seeking to rebuild damaged credit profiles. The product helps cardholders begin building credit history through responsible usage while using an FD as security, with minimum FD requirement starting at Rs. 2,000. The card combines credit-building with FD returns up to 7% p.a. and cashback on online, offline and eligible UPI transactions, subject to stated fee and cashback caps.
June 25, 2026
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Money laundering probe over alleged fund diversion at an educational society leads to searches and asset seizure.
Enforcement Directorate searches in a money laundering investigation against a Madhya Pradesh-based educational society led to seizure of cash, gold jewellery, financial records and property-related documents. The probe arises from an FIR alleging large-scale financial fraud, including misappropriation and diversion of funds belonging to the society, and is registered under the Prevention of Money Laundering Act. The searches covered residential premises, offices, educational institutions, trusts and business establishments connected with the Chouksey Group.
June 25, 2026
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Gold loan borrowing capacity rises as gold prices climb, with valuation and eligibility rules unchanged.
Rising gold prices increase the borrowing capacity available against pledged gold because gold loan amounts are calculated on the basis of the weight and purity of the ornament and the gold rate applied on the assessment date. The higher rate environment therefore allows the same jewellery or coins to support a larger loan amount without any change in the underlying eligibility criteria. Gold loan eligibility requires the applicant to be an Indian citizen aged between 21 and 80 years and to submit one KYC document. Accepted security includes gold jewellery or ornaments of 18 karat to 22 karat purity, and gold coins up to 24 karat.
June 25, 2026
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Quality-led MSME competitiveness drives India's push toward global value chains through benchmarking, excellence and continuous improvement.
India's MSMEs are presented as central to growth, manufacturing and exports, but the country's low global trade share is said to show a competitiveness gap. The text frames quality as the missing link between scale and participation in global value chains. It describes a National Quality Mission based on cluster development, self-assessment, roadmaps, total quality management, zero defect manufacturing and operational excellence, together with benchmarking, leadership development and continuous improvement.
June 25, 2026
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Money laundering probe under PMLA focuses on alleged payments, loans and proceeds of crime linked to Exalogic and CMRL.
Enforcement Directorate continued its investigation under the Prevention of Money Laundering Act into alleged transactions between Exalogic Solutions Pvt Ltd and Cochin Minerals and Rutile Ltd, questioning Veena T again and examining her bank lockers. The probe concerns allegations that payments and loans were routed without corresponding services, with the ED alleging that the arrangements generated proceeds of crime and relying on a prosecution complaint filed by the Serious Fraud Investigation Office.
June 25, 2026
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Model Risk Management guidance broadens regulatory expectations for AI, machine learning and third-party model governance.
Reserve Bank of India has released draft Guidance on Regulatory Principles for Model Risk Management for public comments. The guidance applies to a wide range of regulated entities and covers all models used by them, including third-party models and models employing artificial intelligence or machine learning. It sets out broad regulatory expectations across the model lifecycle to strengthen governance, oversight, risk management and controls against financial, operational, compliance and reputational risks.
June 25, 2026
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Agri-food export acceleration gains momentum as BHARATI links startups with market access, compliance, and global buyers.
APEDA concluded the first cohort of its BHARATI export enablement and acceleration programme for agri-food startups. The initiative supports innovation, entrepreneurship, value addition, technology adoption and global market readiness, with training in export preparedness, market access, regulatory compliance, packaging, branding and investor readiness, together with mentorship and stakeholder engagement. It also facilitated international market exposure and early export outcomes across multiple foreign markets.
June 25, 2026
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Index of Services Production expands monthly measurement of formal services output through trial indices, GST data, and GVA-based weighting.
Index of Services Production (ISP) is proposed as a monthly short-term indicator of real output in the formal services sector, using a base year of 2024-25 and trial releases before regular dissemination. The series will cover major services sub-sectors, exclude government and informal activities, and rely on administrative data, GST outward supplies and ASISSE estimates, with GVA-based weights and a fixed-weight Laspeyres volume index.
June 24, 2026
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Customer liability in digital transactions: revised RBI norms mandate shadow reversal, zero liability rules, and prompt fraud protection measures.
Revised customer liability framework for digital banking transactions requires banks to strengthen systems for safe electronic banking, send instant SMS alerts for specified transactions, and record delivery and customer responses. On complaints of fraudulent transactions, banks must prevent further unauthorised activity, provide value-dated reversal where required, and apply zero liability rules for bank negligence or timely reported third-party breaches. A separate shadow reversal mechanism applies to fraudulent credit card transactions, and compensation is ed for small-value fraudulent transactions within stated limits.
June 24, 2026
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Trade liberalisation and social security coordination advance as India and the United Kingdom prepare for new economic agreements.
Official visit to the United Kingdom to advance preparations for the India-UK CETA and Double Contribution Convention, including a bilateral meeting to align regulatory roadmaps, streamline cross-border customs coordination and finalise administrative mechanisms. The discussions cover tariff liberalisation, market access for Indian exports, operationalisation of the Double Contribution Convention for eligible temporary workers, and mutual market access commitments in key services sectors, alongside Government-to-Business engagements to strengthen trade, investment and industrial collaboration.
June 24, 2026
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Foreign exchange compliance concerns emerge as missing transaction records, suspicious trades, and stock mismatches are alleged against the company.
The Enforcement Directorate alleged suspected contravention of foreign exchange law after searches against the company and related persons, stating that foreign transaction records were not produced and that verification of imports, exports, overseas investments, and trade settlements was therefore difficult. It also alleged unusual business indicators, suspicious block trades, possible undisclosed offshore links, fund routing through NRI benamidars, suspicious trade netting with foreign parties, and a substantial mismatch between recorded stock and goods found during physical verification.
June 24, 2026
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Bilateral trade agreement talks advance as India and the United States weigh market access, tariffs and digital trade terms.
India and the United States reviewed progress on an interim bilateral trade agreement, discussing market access, digital trade, supply chain resilience, non-tariff barriers and strategic-sector cooperation. The talks focused on pathways to conclude an interim arrangement before an approaching tariff deadline, with both sides describing the discussions as substantial but without confirming that outstanding issues had been resolved. The broader framework also contemplates reciprocal tariff adjustments if agreed tariffs change.
June 24, 2026
Show AI Summary
Fixed deposit rate revision by Bandhan Bank offers higher returns for senior citizens and other depositors on select tenures.
Bandhan Bank revised interest rates on select fixed deposits by up to 20 basis points, offering higher returns for senior citizens and other customers on specified tenures. The bank also continues to offer an interest rate on savings account balances above Rs 5 lakh and up to Rs 10 lakh. The revision comes amid broader changes in deposit offerings while the Reserve Bank of India kept the repo rate unchanged and maintained a neutral policy stance.
June 24, 2026
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India-U.S. Bilateral Trade Agreement talks advance with focus on market access, digital trade, supply chains, and interim deal pathways.
India-U.S. Bilateral Trade Agreement negotiations advanced through consultations on enhanced market access, digital trade, supply chain resilience, reduction of non-tariff barriers, and expanded cooperation in strategic sectors. The discussions also focused on an interim agreement as a milestone toward a comprehensive Bilateral Trade Agreement, with both sides reaffirming support for a commercially meaningful framework that benefits businesses, farmers, workers, and consumers and strengthens bilateral trade and trusted supply chains.
June 24, 2026
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Bilateral Trade Agreement talks advance as India and the United States review market access, digital trade, and supply chain resilience.
India and the United States reviewed progress in negotiations for an interim bilateral trade agreement and examined core elements of the proposed Bilateral Trade Agreement, including enhanced market access, digital trade, supply chain resilience, reduction of non-tariff barriers, and expanded cooperation in strategic sectors. The discussions were directed toward concluding an interim arrangement as a milestone toward a comprehensive pact, with both sides describing substantial progress and reaffirming a commitment to a balanced, commercially meaningful agreement.
June 24, 2026
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Monetary policy caution as RBI keeps neutral stance and says a rate hike is premature amid inflation risks.
Reserve Bank of India policy remains in wait-and-watch mode, with the Governor saying it is premature to talk of a rate hike and that the monetary stance will stay data dependent. The central bank is monitoring West Asia developments, crude oil movements, fuel-led inflation pressures and the monsoon, while assessing possible second-round effects on the broader economy. The RBI has kept the policy repo rate unchanged at 5.25 per cent and retained a neutral stance amid risks to growth and inflation.
June 24, 2026
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Corporate law reform seeks to decriminalise minor procedural defaults, rationalise penalties, and streamline compliance for companies and LLPs.
The Corporate Laws (Amendment) Bill, 2026 proposes amendments to the Limited Liability Partnership Act, 2008 and the Companies Act to support ease of doing business, modernise corporate governance, and improve the compliance framework for companies and LLPs. The proposed changes are directed at decriminalising minor procedural defaults, rationalising penalties, and shifting several minor lapses from criminal liability to monetary penalties, while streamlining regulatory processes and reducing litigation.

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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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