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    NUMR Inc. helps deliver Axis Bank's data-driven excellence in customer experience
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August 21, 2026
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Customer experience analytics enables banks to convert real-time feedback into operational improvements across high-value customer journeys.
Customer experience analytics is used in banking to transform customer data and real-time feedback into operational improvements across key customer journeys. Operational teams retain responsibility for strategy and execution, supported by in-house analytics and technology platforms for multi-channel journey mapping, journey analytics and prioritisation of high-value customer segments. AI-driven customer experience management tools capture customer signals, analyse journey performance and operationalise actionable insights across teams.
August 21, 2026
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Predicate-offence dependency limits retrospective addition of old FIRs to preserve money-laundering proceedings after the original scheduled offence is closed.
Predicate-offence dependency under the Prevention of Money Laundering Act requires an ECIR to rest on a subsisting scheduled offence. Closure of the FIR forming its basis through an accepted cancellation report prevents continuation of money-laundering proceedings unless that closure is overturned. A previously registered FIR cannot be belatedly added merely to preserve an existing ECIR and coercive powers. Where statutory requirements are met, an independently registered ECIR may be required. Expansion of an ECIR cannot rest solely on tenuous factual links between successive disputes.
August 21, 2026
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Indian rupee export invoicing rules now permit overseas contracts and invoices in rupees or foreign currency for eligible destinations.
Foreign Trade Policy provisions were amended to facilitate invoicing of overseas exports and receipt of export payments in Indian rupees. For exports to countries outside the Asian Clearing Union, export contracts and invoices may be denominated in Indian rupees or any foreign currency, replacing the earlier general requirement that export earnings be received in a freely convertible currency. The applicable requirements vary according to the destination country.
August 21, 2026
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Dealer inventory financing supports working-capital flexibility, vehicle inventory management and electric-vehicle network expansion for authorised dealers.
Dealer inventory financing is to be provided by Federal Bank to VinFast India's authorised dealer network under a memorandum of understanding. The tailored financing is intended to improve dealers' working-capital flexibility, support maintenance of vehicle inventory, strengthen operational capability, and enable timely response to demand as the electric-vehicle distribution network expands.
August 21, 2026
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Sugar supply pressures drive festive-season price increases as imports, stockholding limits and ethanol diversion shape market conditions.
Sugar prices in Bengal have risen sharply ahead of the festive season, with higher prices also affecting jaggery and other sugar-derived products. Supply constraints, mill stock releases, lower production in Brazil, ethanol diversion and possible hoarding have been identified as contributing factors. Raw-sugar imports have been permitted to augment availability, while stockholding restrictions limit inventories of specified bulk consumers. Lower projected closing stocks and possible future production effects from El Nino may sustain pressure on sugar availability and increase costs for sweetmeat producers.
August 21, 2026
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Foreign currency inflows and FCNR(B) deposits supported rupee sentiment, while oil prices and geopolitical risks constrained currency strength.
The rupee strengthened marginally against the US dollar as the dollar index softened, but elevated crude oil prices, geopolitical uncertainty, reduced foreign participation and net foreign equity outflows constrained currency sentiment. RBI measures to attract foreign currency inflows, including FCNR(B) deposits, were expected to generate substantial inflows, although these had not produced meaningful rupee strength. Energy-market disruption and restrictions on fuel exports through the Strait of Hormuz added to external-sector pressures.
August 21, 2026
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Sovereign security production priorities emphasise compliance, modernisation, employee innovation and operational excellence across currency, passport and coinage manufacturing.
SPMCIL performs a sovereign production mandate covering secure currency, coinage, passports and other products of national importance through its mints, currency presses, security presses and paper mill. Modernisation, compliance, transparency, efficiency, productivity, quality and corporate governance support the fulfilment of sovereign requirements. Individual employees and units were recognised for performance in productivity, environment and safety, energy conservation, knowledge and development, vigilance, and official-language implementation.
August 20, 2026
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Customs enforcement against suspected gold smuggling leads to baggage seizure and apprehension of the alleged intended receiver.
Customs officers intercepted an arriving passenger at the green channel on intelligence inputs and examined baggage after X-ray screening indicated suspicious images. The examination recovered two oval capsules containing gold paste concealed in the baggage. Interrogation indicated that an alleged receiver was waiting outside the airport to collect the suspected smuggled gold. Customs officers apprehended the alleged receiver, and further investigation remains underway.
August 20, 2026
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Provincial alcohol sales restrictions remain subject to economic impact assessment under proposed bilateral trade agreement negotiations.
Provincial control over alcohol distribution remains distinct from federal trade-making authority. Quebec retains authority over whether United States alcohol is offered through its government-controlled liquor distribution system, despite lacking a veto over a bilateral trade agreement. Federal requests to restore United States alcohol to retail shelves cannot compel provincial action. Proposed trade commitments also concern restrictions on United States agricultural products and Canada's dairy import regime, which applies lower tariffs within designated import volumes and higher duties beyond those volumes.
August 20, 2026
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Electoral-roll verification found no reported cases of specified foreign nationals receiving identity-linked benefits or voter registration.
Electoral-roll special intensive revision recorded no reported cases of Pakistani, Bangladeshi or Iranian nationals obtaining Aadhaar cards, ration cards, other government benefits, or voter registration. Illegal immigrants are identified through police monitoring, intelligence measures, specialised operations and a Special Task Force. Overstayers are recorded through the District Police Module and Foreigners Identification Portal and produced before Foreigners Regional Registration Officer authorities. Persons found to be residing illegally are reported to the concerned central divisions, proceeded against through registered cases, retained pending case disposal and exit permits, and subjected to deportation steps.
August 20, 2026
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Raw sugar tariff-rate quota permits duty-free imports while bulk consumers face consumption-based sugar stockholding limits.
Raw sugar imports are permitted duty-free under a tariff rate quota until 31 October 2026, with online allocation to eligible millers and refiners having functional refining capacity. Applicants must provide a refining-capacity declaration and supporting Consent to Operate; preference applies to importers undertaking timely completion of imports, while non-utilisation or failure to surrender allocations constitutes non-compliance. Bulk sugar consumers meeting the prescribed consumption threshold are subject to a stock cap of 15 days' consumption from 1 September to 30 November 2026.
August 20, 2026
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Duty-free raw sugar imports under tariff rate quota seek to improve domestic supply and contain rising sugar prices.
Duty-free import of 10 lakh metric tonnes of raw sugar is permitted under a tariff rate quota until 31 October 2026. The import-policy measure seeks to increase domestic raw-sugar availability and restrain rising local prices amid reduced opening stocks. Price-containment measures also include a stockholding limit for bulk consumers using more than 10 tonnes of sugar monthly, restricting holdings to 15 days' consumption.
August 20, 2026
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Reservation policy implementation is strengthened through capacity building, uniform institutional practices, welfare measures, and improved financial accessibility for Divyangjans.
Reservation policy implementation across Public Sector Banks, Public Sector Insurance Companies, sectoral regulators and Public Financial Institutions is being strengthened through a capacity-building workshop. The programme seeks uniform and effective application of Government reservation policies and related welfare measures. Senior human-resource functionaries and Chief Liaison Officers considered practical implementation issues, actionable measures for consistency, and operational concerns. It also focuses on improving accessibility of financial services for Divyangjans.
August 20, 2026
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Startup ecosystem support expands through digital infrastructure, mentorship, market linkages and specialised assistance for energy and climate-tech innovation.
DPIIT's collaborations with PhonePe and Shell India create support mechanisms for DPIIT-recognised startups through technology access, digital infrastructure, mentorship, market opportunities and industry networks. PhonePe will provide transaction credits, access to the Indus AppStore, onboarding support, brand visibility, and training on fintech, sales, go-to-market strategy and business scaling. Shell India will assist energy and climate-tech startups through mentorship, strategic guidance, investor and incubator connections, participation opportunities, and knowledge-sharing materials on innovation and best practices.
August 20, 2026
Show AI Summary
India-Singapore economic cooperation advances through trade, investment, technology and business linkages, including agriculture, fintech and sustainable infrastructure collaboration.
India-Singapore economic cooperation was advanced through ministerial, business and government-to-business engagements focused on deepening bilateral trade, investment, technology and commercial linkages. Discussions addressed agri-exports, GCC-based commercial parks, fintech and sustainable infrastructure, alongside expanding agricultural market linkages. The engagements reinforced commitment to strengthening trade, investment, technology and business-to-business cooperation.
August 20, 2026
Show AI Summary
Responsible AI banking requires human oversight, explainable customer decisions, fair conduct, resilient systems and inclusive credit access.
Responsible AI in banking must promote inclusion, resilience and customer trust while preserving human judgement, governance accountability and clear responsibility. AI and alternative data may widen access to credit where data is obtained with consent, tested for reliability and bias, and used prudently. Banks must maintain capacity to challenge models, oversee providers, test systems under adverse conditions and intervene when automation fails. Material customer decisions must be explainable, clearly communicated and subject to review by an authorised person. Fair conduct, meaningful disclosure, impartial complaint review and transparent communication remain essential throughout the customer relationship.
August 20, 2026
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Multi-Currency EEFC settlements let exporters retain foreign earnings and choose conversion timing for overseas payment obligations.
Multi-Currency EEFC Account settlements enable exporters and international businesses to receive payment settlements directly into Exchange Earners' Foreign Currency accounts in the original transaction currency without immediate conversion into Indian rupees. Retention of foreign currency earnings permits businesses to choose when conversion is required, reducing repeated foreign-exchange conversion cycles and supporting management of foreign-currency cash flows and overseas obligations.
August 20, 2026
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Power semiconductor foundry expansion targets Indian fabless customers through technology showcasing, process development, and collaboration in the growing semiconductor market.
DB HiTek seeks to expand foundry business with Indian fabless semiconductor companies by showcasing power semiconductor and specialised process technologies. Its commercial focus includes BCD processes for automotive and industrial applications, together with silicon-carbide and gallium-nitride process development and planned volume production. Product-performance evaluations are underway with strategic customers. Customer expansion also covers X-ray, global-shutter, single-photon avalanche diode, specialty CIS, and mixed-signal/RF processes, supported by collaboration with local fabless firms.
August 20, 2026
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Money-laundering allegations over payments without services raise concerns about overseas transfers, identity-linked communications, and mineral smuggling.
Money-laundering allegations concern claimed payments by Cochin Minerals and Rutile Ltd. to Exalogic Solutions Pvt. Ltd., a company promoted by Veena T., without corresponding services. Searches reportedly yielded handwritten material referring to fund transfers to Dubai and digital material relating to a SIM card obtained in another person's name. Further allegations included overseas fund movement, hawala transfers, and possible thorium or monazite smuggling, all presented as allegations requiring examination.
August 20, 2026
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Exchange stabilisation support aims to strengthen foreign-exchange resilience, reduce rollover dependence and restore access to longer-term market financing.
Pakistan has sought a proposed Exchange Stabilisation Support Facility to reinforce foreign-exchange stability and signal currency resilience to international capital markets. The strategy seeks to reduce reliance on short-term bilateral loans, deposits and rollovers by moving towards market-based financing with longer repayment periods. Improving sovereign creditworthiness through engagement with credit-rating agencies is intended to facilitate international market access, lower borrowing costs and enable longer-maturity debt raising.

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Customs & Trade

The Digital Textile Printer Revolution: How Konica Minolta NASSENGER is Preparing India for the Next Global Textile Opportunity

September 3, 2026

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The shift from conventional textile printing to digital is no longer a future possibility. It is already happening at industrial scale. A strong example of this transformation is the Konica Minolta NASSENGER SP-1e, an ultra-high-speed single-pass Digital Textile Printer developed with advanced Japanese technology for large-scale textile production.

The NASSENGER SP-1e has entered major textile manufacturing markets. The first NASSENGER SP-1e sale/installation reported in India now marks an important milestone for the country’s digital textile printing industry.

With a production speed of up to 6,400 sqm/hour, the NASSENGER SP-1e can theoretically produce up to approximately 153,600 sqm over 24 hours at maximum rated speed. Actual production depends on operating conditions, fabric, print mode, maintenance requirements and production utilisation.

This changes the way manufacturers look at digital printing.

Digital is no longer limited to sampling, short runs or boutique production. With technologies such as the NASSENGER SP-1e, it can now become part of mainstream industrial textile manufacturing.

From Conventional Printing to Digital Manufacturing Conventional rotary and screen printing have built the scale of the global textile industry, but market requirements are changing rapidly.

Fashion cycles are becoming shorter. Buyers are reducing inventory. Designs are changing faster. Order quantities are becoming more fragmented, while expectations around quality, sustainability and delivery timelines continue to increase.

This is accelerating the adoption of the Digital Textile Printer.

Unlike conventional processes that require physical screens, a Digital Textile Printing Machine allows manufacturers to move directly from a digital design file to production.

This creates a more flexible manufacturing model with faster design changes, reduced setup dependency, shorter lead times and better suitability for multiple designs and varying order quantities.

For Indian textile manufacturers, this transition is especially important.

India has a once-in-a-generation opportunity to increase its share of global textile and apparel exports. The country already has fibres, yarns, weaving, knitting, processing, garmenting, skilled manpower and one of the world’s largest textile manufacturing ecosystems.

The next stage will depend on technology, consistency, scalability and sustainability.

NASSENGER SP-1e: Japanese Single-Pass Technology for Mass Production The NASSENGER SP-1e Digital Textile Printing Machine is designed for high-volume industrial production and delivers speeds of up to 6,400 sqm/hour.

Unlike multipass printers, where the print carriage repeatedly travels across the fabric, the SP-1e uses fixed printing units while the fabric continuously moves underneath.

This single-pass architecture enables extremely high production speeds and allows manufacturers to consider shifting long production runs from conventional printing towards digital.

Its significance is not only in speed, but in the combination of industrial productivity, digital flexibility, repeatability and Japanese engineering.

For export-focused mills, this can help create the ability to respond faster to international buyers while maintaining production at industrial scale.

NASSENGER 10e: Industrial Digital Productivity The Konica Minolta NASSENGER 10e provides a strong bridge between flexible digital production and industrial-scale output.

With production speeds of up to 1,120 sqm/hour, depending on print mode and configuration, the machine is designed for manufacturers requiring high productivity while retaining multipass flexibility.

The NASSENGER 10e can be configured for Reactive, Disperse and Acid printing, allowing manufacturers to work across a wide range of natural, synthetic and specialised textile applications.

For exporters handling multiple fabrics, designs and order quantities, this flexibility can be a major advantage.

NASSENGER 8: Flexible Digital Textile Printing The NASSENGER 8 Digital Textile Printer represents another important stage in the transition from conventional to digital textile manufacturing.

With production speeds of up to 380 sqm/hour, a printing width of approximately 1,850 mm and multiple production modes, it can support applications ranging from sampling and shorter runs to regular commercial production.

The platform can also be configured for Reactive, Disperse and Acid printing, giving manufacturers access to a broad range of textile applications from one digital technology ecosystem.

This makes NASSENGER 8 particularly relevant for manufacturers looking for flexibility, faster design changes and the ability to manage smaller and medium-volume orders efficiently.

Sustainability is Becoming a Competitive Advantage The shift towards digital textile printing is closely linked with sustainability.

Conventional printing often involves physical screens, larger setup requirements and greater resource use during preparation and cleaning.

Digital textile printing can reduce several of these dependencies by enabling manufacturers to print closer to actual demand, eliminate physical screens and reduce unnecessary production.

As global brands increase their focus on wastewater reduction, chemical compliance, traceability and responsible manufacturing, sustainability is becoming more than an environmental issue.

It is becoming a business requirement.

India’s Next Textile Opportunity India’s textile opportunity is not simply about producing more.

It is about producing with greater value, flexibility, consistency and global competitiveness.

From the NASSENGER 8 at up to 380 sqm/hour, to the NASSENGER 10e at up to 1,120 sqm/hour, and finally the NASSENGER SP-1e at up to 6,400 sqm/hour, Konica Minolta provides a technology pathway for manufacturers at different stages of digital transformation.

The shift from conventional to digital has already started.

For Indian textile manufacturers, the real opportunity now is to use advanced Digital Textile Printer technology to scale production, improve sustainability, meet global standards and capture a larger share of the next generation of textile exports.

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

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