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    August 3, 2026
    Raymond Lifestyle Limited Delivered a stable Q1 FY27 Performance
    August 3, 2026
    Rupee rises 31 paise to 95.12 against US dollar in early trade
    August 2, 2026
    Customs seizes 8 kg gold worth over Rs 11 cr at Kerala airports in one week
    August 2, 2026
    Drill, Baby, Drill: India to fund Rs 650 cr per well for 60 deepsea wells to break its oil import habit
    August 1, 2026
    Punjab GST revenue rises 20 pc to Rs 10,447 crore in April-July: Cheema
    August 1, 2026
    India-China trade through Shipli La resumes after six years
    August 1, 2026
    Odisha's export can reach USD 50 billion by FY 2029-30: Study
    August 1, 2026
    Andhra records 21 per cent growth in net GST collections till July
    August 1, 2026
    J&K crime branch chargesheets accused in separate bank, insurance fraud cases
    August 1, 2026
    MCD-facilitated PM Vishwakarma Scheme enrols over 41,000 artisans in Delhi
    August 1, 2026
    Gross GST mop-up grows 15.4 pc to over Rs 2.11 lakh cr in July on higher imports, sales
    August 1, 2026
    Gross and Net GST revenue collections for the month of July, 2026
    August 1, 2026
    India and Rwanda Hold First Joint Trade Committee Meeting to Deepen Bilateral Trade and Investment Cooperation
    August 1, 2026
    West Bengal GST collection rises 2 pc in July to Rs 5,564 crore
    August 1, 2026
    Gross GST collection kitty swells 15.4 pc to over Rs 2.11 lakh cr in July
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    RBI says USD 40.82 bn mobilised under forex swap facility till Jul 31
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    Sebi bars ZEEL for 2 months, Subhash Chandra, Punit Goenka for 1 year in Hyderabad land pledge case
    August 1, 2026
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    July 31, 2026
    All Indian exports of dual-use items comply with international obligations: MEA
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    August 3, 2026
    Raymond Lifestyle Limited Delivered a stable Q1 FY27 Performance
    Show AI Summary
    Financial performance reporting highlights revenue and EBITDA growth, garmenting recovery, retail optimisation, ESG commitments, and forward-looking risk disclosures.
    Financial performance reflects growth in total income and EBITDA, with improved margin, reduced net working-capital days, and a net-cash position. Branded textiles and high-value cotton shirting reported lower revenue due to the prior-year base effect, while branded apparel grew but faced lower margin from channel mix. Garmenting improved through order-book execution, tariff rationalisation, and new global clients. ESG priorities include female representation, waste-management initiatives, renewable energy, emissions reduction, and workplace safety. Forward-looking statements remain subject to regulatory, political, economic, and technological risks.
    August 3, 2026
    Rupee rises 31 paise to 95.12 against US dollar in early trade
    Show AI Summary
    Foreign exchange market support strengthens the rupee as lower crude prices, portfolio inflows and reserve growth improve sentiment.
    Foreign exchange market conditions supported an early appreciation of the rupee against the US dollar, attributed to lower global crude oil prices, a weaker dollar, sustained foreign portfolio inflows, higher foreign exchange reserves, and Reserve Bank of India presence in the foreign exchange market. Domestic equity market gains and net foreign institutional equity purchases were also identified as supporting factors.
    August 2, 2026
    Customs seizes 8 kg gold worth over Rs 11 cr at Kerala airports in one week
    Show AI Summary
    Gold smuggling detection targets sophisticated concealment methods through strengthened passenger profiling, intelligence gathering and coordinated investigations into organised networks.
    Gold smuggling detection at Kerala airports led to multiple seizures, registration of cases and arrests in alleged smuggling attempts. Organised networks reportedly use gold in paste or compound forms concealed in clothing, body cavities, aircraft seats and other unconventional locations. Enforcement measures include strengthened passenger profiling, intelligence gathering and inter-agency coordination, while investigations continue to identify associated syndicates and financiers.
    August 2, 2026
    Drill, Baby, Drill: India to fund Rs 650 cr per well for 60 deepsea wells to break its oil import habit
    Show AI Summary
    Offshore exploration funding supports deepwater drilling, shared infrastructure and seismic data to strengthen domestic hydrocarbon production potential.
    The Samudra Manthan National Offshore Exploration Scheme provides direct budgetary support for high-risk deepwater and ultra-deepwater exploratory drilling, subject to cost-sharing and per-well limits. Support is available to eligible operators holding or securing exploration acreage. The scheme also funds offshore data acquisition and shared subsea, receipt and processing infrastructure through a Common Hub Infrastructure model. It is intended to promote risk exploration, improve commercialisation of offshore discoveries and strengthen domestic hydrocarbon production potential within the existing exploration and licensing framework.
    August 1, 2026
    Punjab GST revenue rises 20 pc to Rs 10,447 crore in April-July: Cheema
    Show AI Summary
    GST compliance enforcement combines taxpayer refunds, analytics-based fraud detection, cancellation of fake registrations, and recovery of outstanding VAT arrears.
    Punjab attributed increased GST collections to voluntary compliance, intelligence-based enforcement and technology-driven tax administration, while facilitating compliant taxpayers through timely GST refunds. Data analytics, risk profiling and field verification were used to identify tax evasion, bogus billing, fake input tax credit networks and misuse of the GST registration framework. Measures included penalties, cancellation of fraudulent registrations and recovery of long-pending VAT arrears through attachment and auction of defaulters' properties.
    August 1, 2026
    India-China trade through Shipli La resumes after six years
    Show AI Summary
    Cross-border barter trade resumes through Shipki La, subject to permitted goods, time limits, and import-export compliance requirements.
    Cross-border barter trade through Shipki La between India and Tibet resumed after a six-year interruption. Traders may exchange specified goods under a barter arrangement and must return within 72 hours. Traders are required to comply strictly with import-export regulations prescribed by the Union Ministry of Commerce, emphasising transparency and regulatory compliance. Expansion of permitted goods may be pursued through prescribed governmental and external-affairs channels.
    August 1, 2026
    Odisha's export can reach USD 50 billion by FY 2029-30: Study
    Show AI Summary
    Export growth projections outline pathways for Odisha to expand merchandise trade through export diversification, MSME support and financing initiatives.
    Export growth projections for Odisha set out base, optimistic and ambitious scenarios through FY 2029-30, based respectively on historical growth, envisaged national export growth, and a larger share of national exports. Odisha's export basket remains concentrated in metals and minerals, led by aluminium products, with China as the principal export destination. Odisha Vision 2047 identifies exports, including MSME contributions, as an economic transformation driver, while export-financing and risk-mitigation initiatives aim to address financing gaps for exporters and MSMEs.
    August 1, 2026
    Andhra records 21 per cent growth in net GST collections till July
    Show AI Summary
    GST compliance enforcement through AI analytics supported sustained net GST collection growth despite rate rationalisation reforms and reduced compliance costs.
    GST revenue mobilisation in Andhra Pradesh showed year-on-year growth in net GST and total commercial tax collections through July 2026, despite rate-rationalisation reforms. Revenue growth was attributed to AI-based scrutiny and analytics, machine-learning risk scoring, AI-driven IGST reversals, UPI-based enforcement analytics, data sharing, predictive analytics, registration verification, and Aadhaar-integrated expansion of the professional-tax base. These measures were stated to strengthen compliance, curb wrongful input tax credit claims, broaden taxpayer coverage, and improve revenue mobilisation.
    August 1, 2026
    J&K crime branch chargesheets accused in separate bank, insurance fraud cases
    Show AI Summary
    Economic-offences fraud chargesheets address alleged fictitious loans, forged insurance surrender papers, and diversion of bank and policy funds.
    Economic-offences chargesheets were filed in separate alleged bank and insurance fraud matters. The bank investigation alleged fictitious loan sanctions and overdrafts beyond delegated authority, involving cheating, forgery, use of forged documents and criminal conspiracy. The insurance investigation alleged that duplicate policy records and forged surrender documents were used to open a fraudulent account in a policyholder's name and divert policy proceeds. Records, witness statements, documentary evidence and forensic examination were cited in support of the allegations.
    August 1, 2026
    MCD-facilitated PM Vishwakarma Scheme enrols over 41,000 artisans in Delhi
    Show AI Summary
    PM Vishwakarma Scheme implementation expands artisan enrolment, skills, credit, e-commerce access and export facilitation while addressing documentation barriers.
    PM Vishwakarma Scheme implementation in Delhi facilitated artisan enrolment, application processing, skill training, toolkit distribution, loan access, e-commerce onboarding and export-related support. Awareness workshops and tele-calling campaigns were used to promote participation and follow up on benefits. Key implementation challenges concerned outreach to informal clusters, digital literacy, delays in Aadhaar and IEC documentation, and additional support for Divyang artisans. Planned action includes expanding workshops, scaling e-commerce onboarding, strengthening export facilitation and coordination with implementing agencies.
    August 1, 2026
    Gross GST mop-up grows 15.4 pc to over Rs 2.11 lakh cr in July on higher imports, sales
    Show AI Summary
    Goods and Services Tax collections rise on domestic consumption and imports, while elevated import revenue prompts assessment of underlying drivers.
    Goods and Services Tax collections for July increased over the corresponding prior-year period, supported by domestic sales and imports. Gross receipts included Central GST, State GST and Integrated GST, with net GST revenue calculated after adjusting refunds. For the April-July period, gross and net collections also increased. Commentary linked domestic GST growth to consumption, formalisation and industrial activity, while identifying elevated import GST collections as an area requiring assessment of import composition, currency effects and volumes.
    August 1, 2026
    Gross and Net GST revenue collections for the month of July, 2026
    Show AI Summary
    GST revenue collections show provisional gross, refund and net revenue trends, with State-wise settlement and domestic collection data.
    GST revenue collections for July 2026 are reported provisionally through gross domestic and import revenue, domestic and export-related refunds, and net GST revenue after refunds. The data also sets out SGST collections and the SGST share of IGST settled to States and Union Territories, both monthly and cumulatively. State-wise domestic GST growth excludes GST on imported goods, while jurisdiction-wise data allocates collections between central and State formations and identifies CGST, SGST and IGST components.
    August 1, 2026
    India and Rwanda Hold First Joint Trade Committee Meeting to Deepen Bilateral Trade and Investment Cooperation
    Show AI Summary
    Bilateral trade cooperation expands through a Joint Trade Committee covering investment, critical minerals, healthcare, digital technologies and market access.
    Bilateral trade and investment cooperation between India and Rwanda is to be advanced through a structured Joint Trade Committee mechanism for reviewing commerce, diversifying trade, promoting investment, facilitating business engagement and addressing market-access and logistical issues. Priority cooperation includes critical minerals, pharmaceuticals and healthcare, agriculture and agro-processing, standards harmonisation, digital public infrastructure, fintech, cybersecurity, green mobility and renewable energy. Investment focal points will support engagement, while capacity-building assistance and close monitoring of the Agreed Minutes are intended to support time-bound implementation.
    August 1, 2026
    West Bengal GST collection rises 2 pc in July to Rs 5,564 crore
    Show AI Summary
    GST collection growth in West Bengal continued year-on-year in July but remained below the national growth trend.
    West Bengal's July GST collection increased year-on-year and over the preceding month, marking a second consecutive month of annual growth. Official data also indicated that the State's annual growth rate was below the national trend, while gross domestic GST revenue excluding imports and overall gross GST collections including import-related taxes rose nationally during July.
    August 1, 2026
    Gross GST collection kitty swells 15.4 pc to over Rs 2.11 lakh cr in July
    Show AI Summary
    GST collection growth reflects higher revenue mobilisation from domestic transactions and imports, with refunds adjusted in net revenue.
    Goods and Services Tax collections increased in July, driven by higher revenue from domestic transactions and imports. The gross collection comprised Central GST, State GST and Integrated GST components. Refunds also increased during the month, and net GST revenue was determined after adjustment of refund outflows from gross tax receipts.
    August 1, 2026
    RBI says USD 40.82 bn mobilised under forex swap facility till Jul 31
    Show AI Summary
    Concessional foreign-exchange swaps encourage bank deposits and foreign borrowings to strengthen balance-of-payments resilience and foreign-exchange liquidity.
    The Reserve Bank of India introduced a concessional foreign-exchange swap facility to encourage foreign-currency inflows, strengthen the balance of payments and support foreign-exchange liquidity. The facility applies to fresh Foreign Currency Non-Resident (Bank) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings. Foreign Currency Non-Resident (Bank) deposits constitute the principal source of inflows mobilised under the arrangement. The facility is available for specified time-bound periods, with a later availability period for Overseas Foreign Currency Borrowings and External Commercial Borrowings.
    August 1, 2026
    Sebi bars ZEEL for 2 months, Subhash Chandra, Punit Goenka for 1 year in Hyderabad land pledge case
    Show AI Summary
    Unauthorised pledge of listed-company land triggered securities-market bars for disclosure failures and misuse of management authority.
    Unauthorised pledge of ZEEL's Hyderabad land as security for loans obtained by promoter-linked entities was treated as a related-party transaction lacking prior audit committee approval. ZEEL failed to disclose the land's deployment in its financial statements. Its Chairman Emeritus was stated to have transferred title deeds by falsely representing management approval and to have concealed the transaction's nature. Securities-market prohibitions and monetary penalties were imposed with immediate effect.
    August 1, 2026
    Department of Commerce Holds Workshop on Trade and Sustainable Development Policy Landscape
    Show AI Summary
    Trade and sustainable development policy integrates carbon regulation, sustainability standards and domestic frameworks to strengthen trade competitiveness and preparedness.
    Trade and Sustainable Development policy was examined in relation to international trade disciplines, sustainability regulation and India's trade strategy. Discussions considered carbon markets, carbon pricing, carbon border adjustment measures, sustainability standards and regulatory cooperation, and their implications for trade and industrial competitiveness. Domestic mechanisms, including the Carbon Credit Trading Scheme, Indian Carbon Market, Extended Producer Responsibility framework, and accreditation and conformity assessment systems, were considered for strengthening preparedness for emerging sustainability-related trade disciplines.
    August 1, 2026
    GeM Launches 10-Day Celebrations Ahead of 10th Foundation Day, Unveils Commemorative Logo
    Show AI Summary
    Digital public procurement engagement begins with stakeholder events promoting transparent, efficient and inclusive marketplace governance.
    Government e-Marketplace launched ten-day celebrations preceding its tenth Foundation Day, including a commemorative logo, stakeholder events and recognition of employees, buyers and sellers. The programme begins a year-long nationwide outreach initiative bringing together buyers, sellers, policymakers, industry representatives and ecosystem partners through events, dialogues and collaborative platforms. Its stated focus is technology-enabled, transparent, efficient and inclusive public procurement.
    July 31, 2026
    All Indian exports of dual-use items comply with international obligations: MEA
    Show AI Summary
    Strategic trade controls require dual-use exports to comply with national law and international obligations amid arms-transfer allegations.
    Strategic trade controls governing dual-use exports require Indian exports of dual-use items and technologies to comply with national law and India's international obligations. The stated framework applies to exports to various countries. In response to allegations concerning supplies to Israel, the position notes calls for an arms embargo covering direct or indirect transfers of arms and military material, including weapons, ammunition, parts and components, without determining the underlying allegations.

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      Income Tax

      Chandigarh University MBA Students Secure 2,605 Job Offers from 300+ Leading MNCs in 2025 & 2026; 196 Students Receive Multiple Offers

      July 27, 2026

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      From Banking to IT, FinTech & FMCG: Students land in top MNCs with a highest package of ₹20.40 LPA
      CHANDIGARH, India, July 27, 2026 /PRNewswire/ -- Chandigarh University (CU) is maintaining its excellent track record in campus placements with over 300 top notch Multi-National Companies (MNCs), spanning Banking, E-Commerce, IT, EduTech, FinTech, Healthcare, Retail, Business Analytics, FMCG and Automobile sectors, offering over 2,600 jobs to CU's Business Management students during the past two years.




      Sharing details of Master of Business Management (MBA) placements, Deepinder Singh Sandhu, Senior Managing Director, Chandigarh University said, "CU's 196 MBA students received multiple job offers in 2025 and 2026 with highest package of Rs. 20.40 Lakh Per Annum (LPA) while the average salary packages remained between Rs. 5.61 LPA to Rs. 6.6 LPA."
      He said that underscoring the growing industry trust in Chandigarh University's industry-aligned world-class education, over 300 MNCs which visited the CU campus to recruit job-ready fresh talent included Deloitte USI, HCL Technologies Ltd., Tata Consultancy Services (TCS), Bosch, Mahindra Finance, Flipkart, UltraTech Cement Limited, Indicaa Group, Federal Bank, Physics Wallah, Asian Paints, KPMG India, Bajaj Auto Credit Limited, Capgemini India, Policybazaar, Ford Business Solutions, Blinkit, BigBasket.com, Berger Paints, Apollo Tyres, Zomato, South Indian Bank, Godrej Capital, Reliance BP Mobility, and Volkswagen.


      Sandhu said that 1481 students from the MBA Flagship Programs, MBA with dual specialisation integrated with AI – secured jobs in 2025 and 2026 with the highest salary package of Rs. 17.22 LPA, with 116 students receiving multiple job offers. The total number of job offers for students of MBA Flagship Programs stood at 1,637 during the past two years.


      He said that in domain-wise placements, over 174 companies offered jobs in marketing to 1158 students with highest package of Rs. 17.22 LPA. The top recruiters for the marketing roles included Federal Bank, South Indian Bank, Policybazaar and TVS Motors.


      In Human Resources (HR) domain, 89 students of the MBA Flagship Programs secured jobs in 2025 and 2026 with highest package of Rs. 10 LPA. The top recruiters for HR jobs included Hyundai Motors, Rolling, BNY International Operations, HighRadius Technologies Pvt. Ltd. and Bosch.


      Forty-two students of the MBA Flagship Programs secured jobs in Operations Management during 2025 and 2026, with the highest package of Rs. 10 LPA. The top recruiters in Operations Management included Reliance BP Mobility Limited, Lesso Build Tech Pvt. Ltd., Prism Johnson, Blinkit, BNY International Operations and CP Wholesale India Pvt. Ltd.


      Eight students of MBA Flagship secured jobs in Supply Chain Management during past two years with the highest package of Rs. 7 LPA. The top recruiters for Supply Chain Management included UltraTech Cement Limited, DHL Supply Chain India Pvt. Ltd, Bunge India Pvt. Ltd. and Wonder Group.


      In Business Analytics, eight students of the MBA Flagship Programs secured jobs in past two years, with the highest package of Rs. 9.25 LPA. The top recruiters in Business Analytics domain included Rentokil India Pvt. Ltd., Hyundai Motors and HPL Additives Limited.


      Twenty-one students of the MBA Applied Finance and Analytics secured jobs in 2025 and 2026, while Rs. 10.12 LPA remained the highest package in this field. The top recruiters included GoDaddy Deloitte USI (Tax), UltraTech, KPMG, Volkswagen Group and Federal Bank.


      On industry collaborated programs, offered by Chandigarh University's Apex Institute of Management, Sandhu said that 884 MBA students secured jobs in past two years with highest package of Rs 20.40 LPA and average salary of Rs. 6.19 LPA. "In all, 80 MBA students of industry collaborated management programs received multiple job offers with the total number of offers reaching 968 in the past two years," he added.


      On domain-wise placements of industry collaborated MBA programs, Sandhu said that students of the MBA Business Analytics, offered in association with IBM, secured 324 jobs in past two years with the highest package of Rs. 20.40 LPA. The top recruiters for students of MBA Business Analytics included TCS, Deloitte USI, Mahindra Finance, HCL Technologies, Indicaa Group and Federal Bank.


      He said students of the MBA Banking, Financial Services and Insurance with SBI, Tally and Moody's Analytics secured 127 jobs in past two years, with the highest package of Rs. 17.22 LPA. Top recruiters in this domain included Deloitte USI, Physics Wallah, Asian Paints, Federal Bank, Mahindra Finance, KPMG India and Bajaj Auto Credit Limited.


      Speaking about the MBA Strategic HR with AON, Sandhu said that students of this program secured 93 jobs in past two years with the highest package of Rs. 15.2 LPA while the top recruiters in this domain included TCS, Capgemini India, DSM-Firmenich GBS, Policybazaar and NXP Semiconductors.


      He said students of the MBA Logistics and Supply Chain Management with CII secured 72 jobs with highest package of Rs. 10.5 LPA. The top recruiters in this domain included KPMG India, Flipkart Pvt. Ltd., UltraTech Cement Limited, DHL, Ford Business Solutions, Blinkit, BigBasket.com and Berger Paints.


      Sandhu also added that the students of the MBA Digital Marketing with Adobe secured 114 jobs in 2025 and 2026 with the highest package of Rs. 17.2 LPA. The top recruiters in this domain included Capgemini India, Zomato, Federal Bank Ltd. and Apollo Tyres.


      He said students of the MBA-Fintech with NSE Academy secured 89 jobs with the highest package of Rs. 17.2 LPA. The top recruiters for MBA-Fintech students included, Deloitte USI, South Indian Bank, DSM-Firmenich GBS, Federal Bank and Bajaj Auto Credit Limited.


      On MBA Data Science and AI with SAS, Sandhu said 57 students of this program secured jobs in 2025 and 2026 with highest package of Rs. 17.2 LPA. The top recruiters in this domain included Federal Bank, Ford Business Solutions, KPMG India, Apollo Tyres, HCL Technologies Ltd and. Deloitte USI.


      He said that 15 students from the MBA Healthcare & Hospital Management were offered with Max Institute of Medical Education, secured jobs in past two years with highest package of Rs. 20.4 LPA. The top recruiters in this domain included Indicaa Group, Max Super Speciality Hospital, Neelam Hospital and Paras Hospital.


      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: https://www.cuchd.in/
      (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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