International Financial Services Centres Authority (IFSCA) granted the investment banking registration to Nexent Capital IFSC Private Limited on July 31, 2026. The registration was granted under the IFSCA (Capital Market…
GIFT IFSC Emerges as International Banking Hub
Key Updates:
- As of 31 August 2026, 20 IFSC Banking Units (IBUs) at GIFT IFSC sanctioned USD 54.02 billion under the Reserve Bank of India's (RBI) special swap facility for FCNR(B) deposits, with approximately USD 52.82 billion disbursed.
- During April to August 2026, IBUs at GIFT IFSC disbursed USD 11.62 billion in External Commercial Borrowings (ECBs).
- Indian banks raised USD 11.12 billion through bond listings on IFSC exchanges during April to August 2026.
- Monthly ECB disbursements from IBUs increased from USD 1.54 billion in April to USD 3.54 billion in August 2026.
- Sanctions under the FCNR(B) swap facility increased from USD 28.60 billion on August 14 to USD 54.02 billion by August 31, 2026.
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Gujarat International Finance Tec-City (GIFT City) signed a Memorandum of Understanding (MoU) with Vietnam International Financial Center - Da Nang (VIFC-DN) to share institutional knowledge and best practices. The…
Standard Chartered received in-principle approval from the International Financial Services Centres Authority (IFSCA) to distribute capital market products from GIFT City. The bank expects to launch wealth management…
The International Financial Services Centres Authority (IFSCA) has granted in-principle approval to LEXI Money IFSC Private Limited to operate as a Payment Service Provider at GIFT-IFSC, Gandhinagar. The Government of…
Axis Bank and Scapia Launch Travellers Focused ‘Scapia Axis Bank Credit Card’
Key Updates:
- Axis Bank and travel fintech Scapia launched the co-branded 'Scapia Axis Bank Credit Card' on September 4, 2026.
- The card offers zero foreign exchange markup, airport privileges, and rewards on travel and everyday spending with no joining or annual fee.
- The card is available on Mastercard and RuPay networks.
- Cardholders can earn up to 20% rewards on eligible travel bookings and up to 10% on other eligible spends through the Scapia app.
- Rewards are earned as Scapia Coins and can be redeemed for flights, hotel stays, visas, experiences, and shopping.
- Onboarding for the card began on September 3, 2026.
- The card is managed entirely through the Scapia app, which also enables trip discovery, planning, and booking.
- The card includes a Smart Forex feature for overseas transactions, along with airport lounge, dining, and retail privileges.
- This is Scapia's third banking partnership, following collaborations with Federal Bank and BOBCARD.
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YES Bank launched the 'YES Essence' credit card designed for women. The card is tailored for young professionals, salaried, and digitally savvy women.
Paisabazaar, a part of PB Fintech, and SBM Bank India have launched the SBM Paisabazaar Paisa+ Credit Card, a Fixed Deposit (FD)-backed credit card. The credit card requires a minimum FD starting from ₹2,000 and provides…
AU Small Finance Bank (AU SFB) has partnered with Zaggle Prepaid Ocean Services to launch a co-branded retail credit card available on both Visa and RuPay payment networks. The Visa variant offers up to 8% Zagg Coins on…
IndusInd Bank and EazyDiner have launched a lifetime-free Platinum RuPay credit card with no joining or annual fees. The card offers benefits worth up to ₹21,495 annually, including dining savings, movie ticket offers…
ICICI Bank buys additional 2% stake in ICICI Prudential Life Insurance for ₹1,470 Crore
Key Updates:
- ICICI Bank acquired 29,015,693 shares of ICICI Prudential Life Insurance Company, representing approximately 2% of its diluted equity share capital, for ₹1,470 crore.
- The transaction was executed through stock market purchases between July 22 and September 2, 2026.
- Following the acquisition, ICICI Bank's total stake in ICICI Prudential Life increased to approximately 52.8%.
- ICICI Bank had earlier announced its intention to acquire additional 2% stakes on February 28 and June 24, 2026.
- Prudential Corporation Holdings held approximately 21.89% stake in ICICI Prudential Life as of June 30, 2026.
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The Competition Commission of India (CCI) approved the acquisition of certain equity shareholding in Bharti Life Insurance Company Ltd by Prudential Corporation Holdings Ltd. Prudential will acquire a majority 75% stake…
Life Insurance Corporation of India (LIC) launched two new non-linked insurance plans: Bima Platinum (Plan 770) and Jeevan Raksha (Plan 894) on its 70th anniversary. Bima Platinum is a non-par, non-linked savings and…
The Competition Commission of India (CCI) approved the proposal of South Africa-based Sanlam Group to acquire a stake in Shriram Life Insurance Company Ltd (SLIC). The acquisition involves 2.80 per cent of the expanded…
The Reserve Bank of India (RBI) has approved Life Insurance Corporation of India's (LIC) application to acquire up to 9.99% of HDFC Bank's paid-up share capital or voting rights. The approval was disclosed in an HDFC…
United States Mint (US Mint) Sells Out Trump $1 Coin, Places on Backorder
Key Updates:
- The United States Mint (US Mint) reported that its President Donald J. Trump $1 coins sold out within 24 hours of going on sale on September 2, 2026.
- The US Mint placed the Trump $1 coins on backorder as of noon September 3, 2026.
- The coins were available in a 24-coin roll for $61 and a 100-coin bag for $154.50, with a household limit of two until 2 p.m. ET on September 3.
- A total of 250,000 Trump $1 coins were struck on July 4, 2026, at the Philadelphia Mint, featuring a special 'July 4th' privy mark.
- The coin's obverse features a portrait of President Trump with inscriptions 'LIBERTY,' 'IN GOD WE TRUST,' and '1776 ~ 2026,' while the reverse displays the Presidential Seal with a '250' inscription.
- The Trump $1 coins have a gold-like finish but contain no precious metals and are legal tender.
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On August 7, 2026, SK Hynix announced an investment of 54 trillion Korean won ($38.1 billion) to build two new memory chip manufacturing plants. The investment includes 35.2 trillion won for the Yongin 'Y2' fab and 19.1…
Apple Maps has started renaming Lake Ontario to 'Lake America' following an order from U.S. President Donald Trump. The name change applies to Apple Maps users in the United States, while Canadian users continue to see…
President Donald Trump announced a deal giving the United States majority control of more than 65 billion barrels of Venezuela's proven oil reserves. The agreement involves a partnership with private business and comes…
Mintage World, the world's first online museum for coins, stamps, and banknotes, has launched a coffee table book titled Stamps, Coins, and Banknotes Issued During the Premiership of Shri Narendra Modi. The 200-page book…
Carol Kripanayana Furtado Appointed Interim CEO of Ujjivan Small Finance Bank
Key Updates:
- Carol Kripanayana Furtado was appointed as Interim Chief Executive Officer (CEO) of Ujjivan Small Finance Bank (SFB), effective from September 1, 2026.
- The Reserve Bank of India (RBI) approved her appointment for a tenure of three months or until a regular Managing Director & CEO is appointed, whichever is earlier.
- She was serving as a Whole-Time Executive Director of Ujjivan SFB and had been acting as MD & CEO prior to this appointment.
- She brings around 29 years of banking experience across retail banking and NBFC businesses.
- Before joining Ujjivan, she worked with ANZ Group, Bank Muscat, and Centurion Bank.
- She is a postgraduate from Mount Carmel Institute of Management, Bengaluru, and has participated in leadership programmes at IIM Ahmedabad and Harvard Business School.
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Fino Payments Bank board extended Ketan Merchant's tenure as interim CEO for three months effective August 27, 2026. The extension is subject to approval of the Reserve Bank of India (RBI).
The Reserve Bank of India (RBI) approved a three-month extension of Keki Mistry's tenure as interim part-time chairman of HDFC Bank until September 18, 2026, or until a regular chairman is appointed. Keki Mistry was…
Annie George Mathew, Janmejaya Kumar Sinha, and Syed Akbaruddin were appointed as part-time non-official directors on the Central Board of the Reserve Bank of India (RBI) for a four-year term, effective from the date of…
Suman Ray was appointed as Executive Director of the Reserve Bank of India (RBI) with effect from September 1, 2026. Prior to this appointment, he served as Regional Director for Maharashtra.
Gaurang Vyas, Gujarati Music Composer, Dies at 87
Key Updates:
- Gaurang Vyas, a renowned Gujarati music composer, singer and arranger, died at the age of 87 in Ahmedabad.
- He composed music for over 100 Gujarati films, including notable works such as Bhavni Bhavai and Maniyaro.
- He was the son of legendary composer Avinash Vyas and carried forward his musical legacy.
- He received around 11 state-level Best Music Direction awards and was honoured with a Lifetime Achievement Award by Gujarat Chief Minister Bhupendra Patel in 2022.
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Nanda Malini, an iconic Sri Lankan singer, died on Thursday at the age of 82 in Nawala, near Colombo. She was born in 1943 in British Ceylon and studied Hindustani music at Bhatkhande College of Hindustani Music in…
Dolly Parton, country music legend, died on August 25, 2026, at the age of 80. She was born on January 19, 1946, in rural East Tennessee, the fourth of 12 children.
Renowned Mand folk singer Gavri Devi passed away at the age of 98 at her residence in Pali, Rajasthan. She was a prominent exponent of Mand singing, which is one of the oldest music traditions originating from Rajasthan.
Acharya Ranchhodlal Goswami, an Ahmedabad-based Haveli Sangeet scholar, has been selected for the Ustad Bismillah Khan Yuva Puraskar 2025. The award was announced by the Sangeet Natak Akademi under the Union Ministry of…
Cassandra Wilson, Two-Time Grammy-Winning Jazz Singer, Dies at 70
Key Updates:
- Cassandra Wilson, a two-time Grammy-winning jazz singer, died at the age of 70 on September 2, 2026, at her home in Mississippi.
- She died of natural causes, as confirmed by the Hinds County Coroner's Office.
- Wilson was born on December 4, 1955, in Jackson, Mississippi, and began playing piano at age six.
- She was a founding member of the M-Base Collective and signed with Blue Note Records in 1992.
- She won Grammy Awards for her albums 'New Moon Daughter' (1995) and 'Loverly' (2008).
- Her latest album, 'Coming Forth by Day' (2015), was a tribute to Billie Holiday.
- She collaborated with artists including The Roots, Wynton Marsalis, and Elvis Costello.
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Veteran playback singer S. Janaki, known as the 'Nightingale of South India,' passed away at the age of 88 in a private hospital in Mysuru due to age-related health issues. She recorded over 40,000 songs in about 20…
Glen Hansard, an Oscar-winning Irish musician, died at the age of 56 in a motorbike crash in Dublin. He was the lead singer of the rock band The Frames.
Teejan Bai, a noted Pandavani exponent, passed away at the age of 70 at the All India Institute of Medical Sciences (AIIMS) Raipur. Pandavani is a traditional performing art form originating in Chhattisgarh and also…
Puviyarasu, a renowned Tamil poet, translator, screenwriter, and actor, died at the age of 96 in Coimbatore. He was among the few Indian litterateurs to win the Sahitya Akademi Award twice, for translation and poetry.
Ülle Madise Elected as President of Estonia
Key Updates:
- Ülle Madise was elected as the next President of Estonia by the Riigikogu (Estonian Parliament) on 2 September 2026.
- She received 71 votes in a secret ballot, surpassing the required two-thirds majority of 68 votes in the first round.
- She is the second woman to hold the office of President of Estonia, after Kersti Kaljulaid (2016–2021).
- She will take the oath of office on 12 October 2026, succeeding Alar Karis, who did not seek a second term.
- Madise served as Chancellor of Justice from 2015 and began a second seven-year term in 2022.
- She was born in Tartu on 11 December 1974, studied law at the University of Tartu, and completed a doctorate at Tallinn University of Technology.
- She previously served as legal adviser to President Toomas Hendrik Ilves (2009–2015) and helped establish the legal foundations of Estonia's internet voting system.
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Hakainde Hichilema was re-elected as President of Zambia for a second five-year term, receiving about 61.4 percent of valid votes. Election Commission chairperson Mwangala Zaloumis declared Hichilema president-elect on…
Ashish Shelar was elected president of the E-Sports Games Federation (ESGF) at the Board Meeting held in New Delhi on August 28, 2026. He serves as Minister of Electronics, IT, AI and Cultural Affairs in the Government…
Mirza Fakhrul Islam Alamgir was elected as the 23rd President of Bangladesh. He won the presidential election with 255 votes, defeating rival Oli Ahmed who received 88 votes.
Banwarilal Purohit was unanimously elected as the president of Bharatiya Vidya Bhavan on June 7. Deepak Parekh was elected as the vice president of Bharatiya Vidya Bhavan.
Gujarati Music Composer Gaurang Vyas Passes Away
Key Updates:
- Gaurang Vyas, a renowned Gujarati music composer, passed away at the age of 87 in Ahmedabad.
- He was the son of music composer Avinash Vyas.
- He composed music for over 100 Gujarati films.
- He received 11 state-level Best Music Direction awards.
- In 2022, he was honoured with a Lifetime Achievement Award by Gujarat Chief Minister Bhupendra Patel.
- In 2024, he was honoured by the Gujarat State Music Academy and Gujarat Tourism.
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Teejan Bai, a noted Pandavani exponent, passed away at the age of 70 at the All India Institute of Medical Sciences (AIIMS) Raipur. Pandavani is a traditional performing art form originating in Chhattisgarh and also…
Veteran playback singer S. Janaki, known as the 'Nightingale of South India,' passed away at the age of 88 in a private hospital in Mysuru due to age-related health issues. She recorded over 40,000 songs in about 20…
Dolly Parton, country music legend, died on August 25, 2026, at the age of 80. She was born on January 19, 1946, in rural East Tennessee, the fourth of 12 children.
The 16th edition of Sourendro-Soumyojit's World Music Day Concert was organised on 21 June 2026 at the Netaji Indoor Stadium in Kolkata, West Bengal. The theme for the 2026 celebration was the spirit of independent…
Giorgia Meloni Became Italy's Longest-Serving Prime Minister Since World War II
Key Updates:
- Giorgia Meloni completed 1,413 consecutive days in office as Italy's Prime Minister, becoming the longest-serving prime minister in the history of the Italian Republic since World War II.
- Giorgia Meloni came to power in October 2022 as the leader of the Brothers of Italy party.
- Italian governments have lasted an average of about 14 months over the past eight decades.
- Unemployment in Italy fell to 5% this year, the lowest level since national records began in 2004.
- In March, voters rejected Giorgia Meloni's proposed judicial reform, marking the first major electoral defeat of her premiership.
- Prime Minister Narendra Modi congratulated Giorgia Meloni, stating that her leadership has strengthened the India-Italy Special Strategic Partnership.
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Italy temporarily suspended parts of the Schengen Agreement with Spain after a surge in migrants entered the Spanish enclave of Ceuta from Morocco. The suspension will not affect Spanish citizens or other EU nationals…
Narendra Modi becomes the elected Prime Minister with the longest continuous tenure of 4,399 days on June 10, surpassing the record of Jawaharlal Nehru. He is the first Prime Minister since Nehru to secure three…
Italy has become the world's United Nations Educational, Scientific and Cultural Organization (UNESCO) World Heritage capital with 61 protected sites. Italy currently holds the highest number of UNESCO-listed sites of…
The 52nd Group of Seven (G7) Summit is being held in the French resort town of Évian-les-Bains from 15 to 17 June 2026 under the presidency of Emmanuel Macron. The G7 member leaders attending the summit include Mark…
Anil Chakravarthy Named CEO of Adobe
Key Updates:
- Anil Chakravarthy, an alumnus of IIT-BHU and MIT, was named the next President and CEO of Adobe, effective December 1, 2026.
- He succeeds Shantanu Narayen, who will become Executive Chair of Adobe.
- Chakravarthy joined Adobe in January 2020 as Executive Vice President and General Manager leading the Digital Experience business.
- He completed his Ph.D from MIT in 1995 and started his career at McKinsey & Company as an engagement manager.
- He held roles at Logictier (VP Marketing), Verisign (Director of Product Management), and Symantec for nine years, eventually becoming Senior VP of Enterprise Product Operations.
- He served as CEO of Informatica for six years from August 2015 to January 2020.
- He also served as an independent board member at USAA, Ansys, and FIS.
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James Gray will be honored with the Pardo alla Carriera (Career Achievement Award) at the 79th Locarno Film Festival. The award will be presented on August 9, 2026, during the festival, which runs from August 5 to 15.
Infosys appointed Ashiss Kumar Dash as Chief Executive Officer (CEO) Designate for a five-year term. He will assume the role of Managing Director and CEO on April 1, 2027, succeeding Salil Parekh.
Sashidhar Jagdishan will retire as Managing Director and CEO of HDFC Bank on October 26, 2026. He will not seek reappointment, and the bank's board will fast-track the process of selecting his successor.
Anurag Jain, a 1989-batch Indian Administrative Service (IAS) officer of the Madhya Pradesh cadre, was appointed as the Chief Executive Officer (CEO) of NITI Aayog. He was serving as the Chief Secretary of Madhya Pradesh…
BIO-NIVESH Launched to Boost Private Investment in Biotechnology
Key Updates:
- The Union government launched 'BIO-NIVESH' on 4 September 2026.
- 'BIO-NIVESH' is a strategic platform to strengthen engagement between biotechnology innovators and the investment community.
- The platform aims to catalyse the flow of private capital into promising biotechnology innovations for scale-up and commercialisation.
- Union Minister Dr Jitendra Singh launched the platform.
- Dr Singh suggested a 'Big Five in Five Years' approach for the biotechnology ecosystem.
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Union Minister Dr. Jitendra Singh announced the launch of a digital portal on June 4, 2026, to provide structured training in patent filing and research paper writing. The platform is supported by the Anusandhan National…
Union Minister Jitendra Singh dedicated the first-of-its-kind CSIR-National Botanical Research Institute (CSIR-NBRI) 'Eco-Educational Hub' 'Prakriti Gyan Dham' to the nation at the Maharishi Parashar Bioresource Centre…
Union Minister of Science and Technology and Earth Sciences Dr. Jitendra Singh inaugurated the RSSDI Diabetes Rural Outreach Digital Portal and launched VISHWAS, the Diabetes Awareness Video Library. The event was…
The 5th edition of Swachh Sagar, Surakshit Sagar (SSSS) was launched by Union Minister Dr Jitendra Singh as a nationwide people's movement for ocean conservation. The initiative is spearheaded by the Ministry of Earth…
GeM and Textiles Committee Sign MoU to Boost Procurement of Recycled and Upcycled Textiles
Key Updates:
- The Government e Marketplace (GeM) and the Textiles Committee (TC) signed an MoU to boost procurement of recycled and upcycled textile products.
- The MoU aims to create a 'Waste-to-Value-to-Market' ecosystem for textile waste, scrap, and second-hand clothes.
- Under the MoU, the TC will identify, verify, certify, and recognize eligible producers of recycled and upcycled textile products.
- GeM will create dedicated categories for these products and facilitate seller onboarding and online market linkages.
- The initiative focuses on women, MSMEs, local enterprises, artisans, recyclers, and other circular-economy enterprises.
- The MoU was signed during the 62nd Foundation Day celebrations of the Textiles Committee in Mumbai.
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The Government e-Marketplace (GeM) signed a Memorandum of Understanding (MoU) with Common Service Centre e-Governance Services India Limited (CSC-SPV) in New Delhi. The Ministry of Commerce and Industry stated the…
The National Bank for Agriculture and Rural Development (NABARD) and the India Meteorological Department (IMD) signed an MoU to integrate IMD's data products into the Data in Climate Resilient Agriculture (DiCRA)…
The Ministry of Textiles approved 22 new applicants under the third round of the Production Linked Incentive (PLI) Scheme for Textiles. The total number of approved companies under Round-III of the PLI has reached 96.
Vastra Utsav 2026 was held on July 31 and August 1, 2026 at Sri Kuchalambal Kalyana Mahal, Chetpet, Chennai. The event was organized by Friends of DakshinaChitra (FoD) as a fundraiser for DakshinaChitra, a living museum…
OSDMA Signs MoUs with UNDP and CivicDataLab to Strengthen Odisha’s Disaster Management Framework
Key Updates:
- The Odisha State Disaster Management Authority (OSDMA) signed two MoUs with the United Nations Development Programme (UNDP) and CivicDataLab to strengthen the state's disaster management framework.
- Under the OSDMA-UNDP partnership, a comprehensive Hazard, Risk and Vulnerability Assessment (HRVA) will be conducted across all 30 districts of Odisha.
- The HRVA will collect village-level data in 10 coastal districts and Gram Panchayat-level data in the remaining 20 districts, which will form the basis of a GIS-enabled digital platform.
- The MoU with CivicDataLab will develop a Digital Public Infrastructure (DPI) for Disaster Risk Reduction, integrating data from multiple departments to provide real-time dashboards and analytical insights.
- The initial phase of the CivicDataLab platform will focus on riverine floods, coastal flooding, and heatwave-related risks.
- The initiatives aim to support evidence-based decision-making and advance Odisha's goal of 'Zero Casualty' and building a disaster-resilient state.
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The second technical meeting of the BRICS Disaster Risk Reduction (DRR) Working Group was held in Puri, Odisha, from June 3 to 5, 2026, under India's presidency. The meeting brought together officials from 11 member and…
The state government of Himachal Pradesh and the United Nations Development Programme (UNDP) signed a memorandum of understanding (MoU) to promote climate-resilient, inclusive and sustainable development. The MoU was…
The Government of Odisha signed a Memorandum of Cooperation (MoC) with ACME Group and Japan’s IHI Corporation on July 3, 2026, for clean energy and industrial projects worth ₹67,000 crore. Adani Enterprises and UAE’s…
The Ministry of Statistics and Programme Implementation (MoSPI) has signed two Memoranda of Understanding (MoUs) with the Institute of Data Engineering, Analytics and Science Foundation (IDEAS) at the Indian Statistical…
Supreme Court Directs States to Raise Retirement Age of District Judiciary to 62
Key Updates:
- The Supreme Court directed states to raise the retirement age of judicial officers in district judiciary from 60 to 62 years.
- The move aims to address the backlog of 5.18 crore pending cases in district courts.
- Seven states—Chhattisgarh, Karnataka, Madhya Pradesh, Maharashtra, Sikkim, Tamil Nadu, and West Bengal—have agreed to enhance the retirement age.
- States that have agreed must amend their service rules within two months.
- Other states and union territories have been given two weeks to decide on the enhancement.
- The court said the financial burden of the enhancement is negligible compared to the benefits to the justice system.
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The Supreme Court of India directed the Centre to set up a panel for uniform post-retirement benefits for former high court judges. The panel is to be constituted within two weeks and must submit its report within three…
Union Law Minister Arjun Ram Meghwal introduced the Supreme Court (Number of Judges) Amendment Bill, 2026 in the Lok Sabha. The Bill seeks to increase the strength of Supreme Court judges from 33 to 37, excluding the…
The Supreme Court reduced the mandatory legal practice requirement for entry into judicial service from three years to one year. The majority judgment by Chief Justice Surya Kant and Justice A.G. Masih upheld the May…
The Supreme Court, by a 5:4 majority, modified the test for determining what constitutes an 'industry' under the Industrial Disputes Act. A nine-judge bench headed by Chief Justice of India Surya Kant held that the…
CARA Launches Adoption Awareness 2026 Theme to Promote Legal Adoption
Key Updates:
- The Central Adoption Resource Authority (CARA) under the Ministry of Women and Child Development launched the Adoption Awareness 2026 theme.
- The theme is 'Legal Adoption. Safe Childhood. Secure Future. Say No to Illegal Adoption!'.
- The theme was launched by CARA CEO Smt. Bhavna Saxena during a Live Morning Show on DD National.
- State/UT-level Adoption Awareness Workshops will be organised from September 2026 onwards.
- A specific Adoption Awareness Workshop is scheduled in Delhi on 10 September 2026 at the Delhi Secretariat.
- The campaign will involve stakeholders such as Women and Child Development Departments, Child Welfare Committees, police, health departments, and judiciary.
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The National Stock Exchange of India (NSE) has signed a Memorandum of Understanding (MoU) with Bharat Metal Exchange Ltd. (BME), formerly known as Bombay Metal Exchange Ltd., to promote the development, awareness, and…
The Delhi government approved the Monument Adoption Scheme and a grant-in-aid scheme to preserve 75 monuments under the banner 'Hamare Smarak, Hamara Gaurav'. The Monument Adoption Scheme allows private organisations…
World Population Day is observed every year on 11 July to raise awareness about global population challenges. The theme for World Population Day 2026 is “Realizing the hopes and aspirations of young people – today and…
Bharat Petroleum Corporation Limited (BPCL) and Akasa Air signed a Memorandum of Understanding (MoU) on July 14, 2026, to promote Sustainable Aviation Fuel (SAF) adoption in India. The partnership will develop a…
Bharat Tex Trade Federation and Première Vision SA sign MoU to boost India-France textile collaboration
Key Updates:
- Bharat Tex Trade Federation (BTTF) and Première Vision SA signed a Memorandum of Understanding (MoU) on September 2, 2026, at the Première Vision exhibition in Paris.
- The MoU builds on a Letter of Intent signed on July 14, 2026, at Bharat Tex 2026 in New Delhi, in the presence of India's Union Minister of Textiles.
- The partnership aims to strengthen India's engagement in global fashion and textile markets, focusing on high-value, design-led, and sustainable segments.
- Key areas of collaboration include reciprocal participation in trade shows, joint export promotion, buyer-seller meets, and showcasing Indian heritage and craftsmanship.
- The MoU comes after the India-EU Free Trade Agreement negotiations concluded in January 2026, which is expected to provide duty-free access for 90.7% of India's textile and apparel exports to the EU.
- India's textile and apparel exports to the EU currently stand at around US$10.4 billion, with the EU's total textile and apparel imports at approximately US$292.8 billion in 2025.
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The Forum of Indian Food Importers (FIFI) and the Eastern India Culinary Association (EICA) have signed a Memorandum of Understanding (MoU) to collaborate on culinary activities and food trade promotion. The MoU focuses…
The Singapore Corporate Counsel Association (SCCA) and the General Counsels’ Association of India (GCAI) signed a Memorandum of Understanding (MoU) on 28 August 2026. The MoU was signed during the Singapore Convention…
The Ministry of Tourism (MoT) and Air India signed an MoU on July 27, 2026, to jointly promote India as a premier global tourism destination. The MoU establishes a framework for coordinated initiatives across tourism…
Sharnbasva University in Kalaburagi signed a Memorandum of Understanding (MoU) with the Industrial University of Ho Chi Minh City, Vietnam. The agreement is a five-year pact designed to promote collaborative research and…
Thales and Kalyani Strategic Systems Sign Strategic Alliance for 70-mm Rocket Systems
Key Updates:
- Thales and Kalyani Strategic Systems (KSSL), a subsidiary of Bharat Forge, signed a Strategic Alliance Agreement.
- The agreement covers collaboration on unguided and laser-guided 70-mm rocket systems.
- Thales' 70-mm rocket systems are already in service with the Indian armed forces.
- The partnership aims to enable local production and integration in India using KSSL's manufacturing facilities.
- The collaboration strengthens India-Belgium defence cooperation and supports India's 'Make in India' initiative.
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Kalyani Strategic Systems Ltd (KSSL), the wholly owned defence subsidiary of Bharat Forge Ltd, unveiled the Simha 4x4 next-generation light armoured multi-purpose vehicle at the Eurosatory 2026 defence exhibition in…
Kalyani Strategic Systems Ltd (KSSL), the wholly-owned defence subsidiary of Bharat Forge Ltd, signed a strategic partnership with American military vehicle maker AM General for mounted artillery gun systems for the…
Tata Advanced Systems Limited (TASL) and the Javelin Joint Venture (JJV), a partnership between Raytheon (an RTX business) and Lockheed Martin, signed an MoU to co-produce the Javelin All Up Round (AUR) in India. TASL…
Indian defence manufacturer SMPP signed a teaming agreement with European defence major KNDS (formed through the merger of France's Nexter and Germany's Krauss-Maffei Wegmann) to manufacture advanced loitering munitions…
Rajnath Singh Releases 'Raksha' Framework for India's Defence Diplomacy on September 3, 2026
Key Updates:
- Union Defence Minister Rajnath Singh released 'Raksha', a comprehensive strategic framework outlining India's roadmap for defence diplomacy and global defence partnerships over the next 10 years.
- The framework identifies key pillars including deepening bilateral and multilateral defence partnerships, expanding joint military exercises, training programmes, and capacity-building initiatives with friendly countries.
- A major focus of the framework is promoting indigenous defence exports under the Make-in-India initiative to position India as a reliable global defence manufacturing partner.
- Maritime security is a key pillar, emphasising India's role as a Net Security Provider and First Responder in the Indian Ocean Region.
- Senior officials from the Ministry of Defence, Ministry of External Affairs, and National Security Council Secretariat attended the release.
- Rajnath Singh is scheduled to visit Sri Lanka on September 9-10, 2026, to review defence cooperation.
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Defence Minister Rajnath Singh released 'Raksha', a 10-year blueprint for India's defence diplomacy, in New Delhi on September 3, 2026. The blueprint's key pillars include strategic partnerships, capacity building…
Japanese Defence Minister Shinjiro Koizumi visited India on August 20, 2026, and held meetings with Indian Defence Minister Rajnath Singh. India and Japan launched their first defence co-development project, the UNICORN…
Defence Minister Rajnath Singh launched the Delegation of Financial Powers to DRDO (DFP-2026) on 30 June 2026 in New Delhi. The framework decentralises financial powers within the Defence Research and Development…
The second Joint Defence Cooperation Committee (JDCC) meeting between India and Rwanda was held in New Delhi on July 6-7, 2026. The two nations decided to expand their partnership in the areas of military training…
United Nations General Assembly adopts 'Correct the Map' resolution on September 4, 2026
Key Updates:
- The United Nations General Assembly adopted the 'Correct the Map' resolution on September 4, 2026, with 164 votes in favor, one against, and six abstentions.
- The resolution, introduced by Togo on behalf of the African Group, encourages the use of equal-area projections such as Equal Earth to accurately represent Africa's true size.
- The United States was the only country to vote against the resolution.
- The resolution is not legally binding and does not require abandoning the Mercator projection.
- The Equal Earth projection was developed by Tom Patterson and colleagues in 2018.
- The Mercator projection, created in 1569, distorts the size of land masses, making regions near the poles appear larger.
- The African Union welcomed the resolution, stating it ensures the world map reflects Africa's true scale.
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The Meghalaya Assembly passed a unanimous resolution prohibiting uranium mining and ore-processing in the state. The resolution was moved by Chief Minister Conrad K Sangma and supported by all 60 MLAs.
The Department of Archaeology Museums and Heritage (DAMH) will collaborate with the National Institute of Advanced Studies (NIAS) to conduct a LiDAR survey at Lakkundi. The survey will employ Light Detection and Ranging…
The National Bureau of Soil Survey and Land Use Planning (NBSS&LUP) has developed India's first soil texture map. The map provides detailed information on soil characteristics across every hectare of the country.
The United Nations Security Council (UNSC) unanimously adopted Resolution 2823 (2026) to facilitate the investigation and prosecution of perpetrators of crimes against United Nations (UN) peacekeepers. The text of the…
India and Germany Sign Joint Declaration on Wetland Conservation at 4th Indo-German Environment Forum
Key Updates:
- India and Germany signed a Joint Declaration of Intent for conservation and wise use of wetlands of international importance.
- The declaration was a key outcome of the 4th Indo-German Environment Forum (IGEF), the principal bilateral platform for environmental policy dialogue since 2008.
- Union Environment Minister Bhupender Yadav represented India, while German Minister for Environment, Climate Protection, Nature Conservation and Nuclear Safety Carsten Schneider represented Germany.
- Yadav stated that India has consistently met its Nationally Determined Contribution (NDC) commitments ahead of schedule.
- Schneider acknowledged India's rapid advancements in renewable energy, characterizing the nation as a global role model.
- The expanded cooperation will focus on climate adaptation and wetland protection, including joint projects and exchange of knowledge.
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The Maharashtra government and Germany's Hesse state signed an MoU to strengthen cooperation in investment, innovation, employment, and skill development. The MoU was signed by Maharashtra Chief Minister Devendra…
The fourth India-Singapore Ministerial Roundtable (ISMR) was held in Singapore, with participation from Indian Finance Minister Nirmala Sitharaman, External Affairs Minister S. Jaishankar, Commerce Minister Piyush Goyal…
India and Belgium signed multiple MoUs covering renewable energy, defence, trade, investment, maritime affairs, critical minerals, semiconductors, and research on September 3, 2026. The agreements were exchanged at…
India, Australia, and Canada signed the Australia–Canada–India Technology and Innovation (ACITI) Partnership Memorandum of Understanding (MOU) to collaborate on green energy innovation, resilient supply chains, critical…
Teachers' Day 2026 observed in India on September 5
Key Updates:
- India celebrates Teachers' Day on September 5 every year to mark the birth anniversary of Dr Sarvepalli Radhakrishnan.
- Dr Sarvepalli Radhakrishnan was India's second President, serving from 1962 to 1967, and was a philosopher, scholar and educationist.
- Teachers' Day was first observed in India in 1962 after Dr Radhakrishnan suggested his birthday be celebrated as Teachers' Day.
- World Teachers' Day is celebrated internationally on October 5, commemorating the 1966 ILO/UNESCO Recommendation concerning the Status of Teachers.
- Other countries also observe their own teachers' days, such as China on September 10 and Mexico on May 15.
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World Coconut Day is observed annually on September 2. The first World Coconut Day was celebrated in 2009.
International Tiger Day is observed annually on July 29 to raise awareness about tiger conservation. The day was established in 2010 at the Saint Petersburg Tiger Summit, where the TX2 initiative was launched to double…
World Lung Cancer Day is observed annually on August 1. It was established in 2012 by the Forum of International Respiratory Societies (FIRS).
World Sanskrit Day, also known as Sanskrit Diwas, is observed on Shravan Purnima, the full moon day of the Shravan month. In 2026, World Sanskrit Day falls on Friday, August 28.
National Wildlife Day 2026 observed on September 4
Key Updates:
- National Wildlife Day 2026 will be observed on Friday, September 4, 2026.
- National Wildlife Day was founded in 2005 by Colleen Paige.
- The day was created in honour of wildlife conservationist Steve Irwin.
- National Wildlife Day aims to educate the public about endangered animals and the importance of conservation and preservation.
- World Wildlife Day is observed on March 3, while National Wildlife Day is observed on September 4.
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World Lion Day is observed annually on August 10 to raise awareness about lion conservation. The day was introduced in 2013 by wildlife conservationists Dereck and Beverly Joubert.
World Nature Conservation Day is observed annually on 28 July, with the 2026 observance falling on a Tuesday. The day originated from grassroots efforts and global environmental networks, tracing back to the founding of…
Union Minister for Environment, Forest and Climate Change, Shri Bhupender Yadav, presided over the 28th Meeting of the Wildlife Institute of India (WII) Society in Coimbatore. The meeting was held at the Central Academy…
National Insurance Awareness Day is celebrated annually on June 28. The day was launched in 2010 by the National Association of Insurance Commissioners (NAIC).
National Institute of Electronics and Information Technology (NIELIT) and Intel India Launch Agentic AI Skilling Initiative; Hold National Dialogue in New Delhi
Key Updates:
- The National Institute of Electronics and Information Technology (NIELIT) and Intel India organised a National Leadership Dialogue on 'Preparing the Future Workforce for the Agentic AI Era' at the India Habitat Centre in New Delhi.
- The dialogue brought together senior representatives from Government, foreign embassies, academia, industry, and the skilling ecosystem.
- Shashi Shekhar Vempati, Chairperson of the Central Board of Film Certification (CBFC), attended as the Chief Guest.
- The event launched the NIELIT–Intel India Agentic AI Skilling Initiative, which introduces two programmes: 'Agentic AI for Everyone' and 'Engineering Agentic AI Systems'.
- 'Agentic AI for Everyone' covers workflow automation, AI agents, and multi-agent systems, with hands-on exposure through no-code platforms.
- 'Engineering Agentic AI Systems' focuses on designing, developing, and deploying AI-powered agentic systems, including agent architecture, tool integration, orchestration, memory, and deployment.
- The initiative aims to expand access to industry-aligned and practical Agentic AI learning opportunities across India.
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The National Institute of Electronics & Information Technology (NIELIT) is establishing two Centres of Excellence for semiconductor skilling in Ahmedabad and Guwahati. The Centres will provide training in OSAT…
Microsoft India and FITT IIT Delhi have launched the Unnati AI 2.0 initiative to support startups and innovators in developing applied AI solutions. The initiative targets sectors such as healthcare, agriculture…
The National Institute of Electronics and Information Technology (NIELIT) and the Semiconductor Laboratory (SCL) launched an indigenous 1.2-micron Process Design Kit (PDK) on the eChipHub platform. The PDK is accessible…
Minister of State for External Affairs Kirti Vardhan Singh is leading the Indian delegation to the inaugural United Nations (UN) Global Dialogue on AI Governance in Geneva, Switzerland, from July 6-7. The Global Dialogue…
Indian Space Research Organisation (ISRO) Successfully Launches India's First Geosynchronous Imaging Satellite EOS-05
Key Updates:
- The Indian Space Research Organisation (ISRO) successfully launched the GSLV-F17 rocket carrying the EOS-05 Earth observation satellite.
- The launch was conducted from the Satish Dhawan Space Centre in Sriharikota, Andhra Pradesh, at 2:55 am.
- EOS-05 is India's first imaging satellite to operate from a geosynchronous orbit about 36,000 km above Earth.
- The GSLV-F17 placed EOS-05 into a Sub-Geosynchronous Transfer Orbit 18 minutes after liftoff.
- EOS-05, weighing 2367 kg, is the heaviest satellite launched by GSLV to date.
- The satellite is designed to provide real-time imagery for applications in agriculture, environment monitoring, and disaster management.
- This mission was the 19th flight of the GSLV and the 107th launch from the spaceport.
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The Indian Space Research Organisation (ISRO) is scheduled to launch its GSLV-F17 rocket carrying the EOS-05 Earth observation satellite on September 4, 2026, from the Satish Dhawan Space Centre in Sriharikota, Andhra…
The Assam government is in the final stage of selecting a private sector partner to implement its own earth observation satellite, AssamSAT. AssamSAT is intended to be India's first state-led Earth observation satellite…
The Indian National Space Promotion and Authorisation Centre (IN-SPACe) approved and signed an agreement with a private consortium for India's first fully commercial Earth observation satellite constellation. The…
ISRO Chairman V. Narayanan announced India's plan to establish the Bharatiya Antariksha Station by 2035. The first module of the proposed space station has received approval.
OpenAI launches GPT-6 Astra with record-breaking AI benchmark scores
Key Updates:
- OpenAI has launched GPT-6 Astra, a new AI model described as the world's most intelligent and aligned.
- GPT-6 Astra achieved a perfect 100% score on ExploitBench, compared to 78.5% for GPT-5.6 Sol.
- On ARC-AGI-3, GPT-6 Astra scored 99.9% using the responses API harness.
- GPT-6 Astra scored 97.6% on FrontierMath Tier 4, surpassing GPT-5.6 Sol's 83.0%.
- GPT-6 Astra solved 88.0% of SRE-Bench tasks in a single attempt and 99.2% within four attempts.
- During cybersecurity evaluations, GPT-6 Astra discovered two previously unknown zero-day vulnerabilities.
- GPT-6 Astra meets the Critical threshold in cybersecurity under OpenAI's Preparedness Framework.
- GPT-6 Astra is available to ChatGPT Plus, Pro, Business, and Enterprise users, and via API, Azure, and Bedrock.
- GPT-6 Astra API pricing is $10 per million input tokens and $50 per million output tokens.
- GPT-6 Astra supports Zero Data Retention for eligible API customers.
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Sarvam AI launched the Epoch Builder Edition platform for building, fine-tuning, and deploying large language models (LLMs) tailored to Indian languages and use cases. The platform features 7-billion and 70-billion…
The Union Housing and Urban Affairs Minister Manohar Lal released the Delhi Master Plan 2047 on August 20, 2026. The plan targets construction of 30-40 lakh housing units to accommodate Delhi's projected population of…
Uday Ruddarraju, an Indian-origin tech leader, was appointed as the Chief Technology Officer (CTO) of Compute at OpenAI in July 2026. He joined OpenAI in 2025 from Elon Musk's xAI, where he served as Head of…
OpenAI has received approval from the US Department of Commerce for a broader rollout of its advanced GPT-5.6 model. The review was conducted by the Center for AI Standards and Innovation under the US Department of…
Sports
Smriti Mandhana Becomes Leading Run-Scorer in Women’s International Cricket
Key Updates:
- Smriti Mandhana became the highest run-scorer in women's international cricket, surpassing Mithali Raj's tally of 10,868 runs.
- She achieved the milestone during the Women's Asia Cup 2026 Group A match against Hong Kong at Dubai International Stadium.
- Mandhana scored 124 off 64 balls, helping India post 193/5.
- Her 124 is the highest individual score in Women's Asia Cup history.
- She now has 18 centuries in women's international cricket, the most, surpassing Meg Lanning's 17.
- She recorded her 93rd 50-plus score, equalling Mithali Raj's record for the joint-most.
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Smriti Mandhana is the only Indian athlete featured in TIME magazine's 100 Most Influential People in Sports 2026. She has been placed in the 'Titans' category alongside Cristiano Ronaldo, Erling Haaland, and Temba…
India captain Harmanpreet Kaur became the first player across both women's and men's international cricket to play 200 T20 Internationals (T20Is) during a match against South Africa in Manchester. Kaur made her…
Indian all-rounder Deepti Sharma equalled the record of Jhulan Goswami for the most wickets in women's international cricket, with both players reaching a total of 355 wickets. Deepti Sharma achieved the feat by taking…
India Women defeated England Women by 270 runs in the one-off Test at Lord's. This was the first women's Test match ever played at Lord's.
