Chairperson of the Insolvency and Bankruptcy Board of India (IBBI), Shri Ravi Mittal launched the Indian Institute of Corporate Affairs (IICA) PGIP program, presiding over as chief guest at an event on the campus.
He further stated that students interested in research activities may apply for an upcoming IBBI research programme, and upon selection, they would have the opportunity to be on the rolls of IBBI.
The website is a dedicated digital platform designed to connect PGIP alumni with current students.
It will enable continuous interaction, knowledge sharing, problem-solving, and enhanced industry exposure for students through alumni engagement.
Union Minister for Education, Shri Dharmendra Pradhan, released 55 literary works in classical Indian languages in New Delhi. The releases include 41 books developed by the Centres of Excellence for Classical Languages under the Central Institute of Indian Languages (CIIL),
along with 13 books and a Tirukkural Sign Language series brought out by the Central Institute of Classical Tamil (CICT).
The collection features important scholarly works across Kannada, Telugu, Malayalam, Odia, and Tamil, along with an interpretation of the Tirukkural in Indian Sign Language.
These publications are part of a wider national effort to place India’s linguistic heritage at the centre of education and research and to foster cultural pride, while strengthening engagement with classical knowledge traditions.
WaveX, the startup accelerator initiative under Ministry of Information & Broadcasting, Government of India, signed a Memorandum of Understanding (MoU) with Foundation for Innovation and Technology Transfer (FITT), IIT Delhi, to collaborate on strengthening innovation, incubation and entrepreneurship in media, entertainment, broadcasting and communication technologies.
Under this collaboration, FITT, IIT Delhi will support the implementation and expansion of the WaveX Programme, a national initiative aimed at fostering innovation and entrepreneurship by establishing and strengthening incubation centres across the country.
FITT will provide strategic and operational guidance for incubator setup, facilitate engagement with other IITs and innovation hubs, offer access to technical expertise, research facilities, mentorship, IP support, and enable capacity-building initiatives for startups and incubation managers.
WaveX, under the Ministry of Information & Broadcasting, will provide financial support, policy guidance, and national visibility for the programme.
This partnership marks a significant step towards leveraging the academic, research and innovation strengths of IIT Delhi to accelerate startup growth and technology commercialization under the WaveX framework.
Third Technical Hindi Symposium (Takniki Hindi Sangoshthi) “Abhyuday-3” organised at the Indian Institute of Technology (IIT) Indore. The two-day symposium is concluded. The program was jointly organised by IIT Indore, IIT Jodhpur and the CSIR-National Institute of Science Communication and Policy Research (CSIR–NIScPR).
The symposium aims to promote the use of Technical Hindi and to strengthen the outreach of science and technology to wider sections of society.
During the programme, invited lectures were organised on themes related to science, engineering, digital technologies and innovation.
Two paper presentation sessions were also held, where 25 participants presented their research and ideas in Hindi language.
In the inaugural session, the symposium souvenir and other publications were released. Director of IIT Indore highlighted the importance of Technical Hindi, the role of effective science communication, and the need to connect research and innovation.
“The latest edition of Trade Watch Quarterly offers a comprehensive and data-driven assessment of India’s trade performance amid evolving global conditions, with a special focus on the structure and competitiveness of India’s automotive exports.” - Dr. Arvind Virmani, Hon'ble Member, NITI Aayog.
The Competition Commission of India (CCI) has approved acquisition of Krosaki Harima Corporation by Nippon Steel Corporation
The proposed combination involves acquisition by Nippon Steel Corporation (Nippon Steel) of 53.4% shareholding of Krosaki Harima Corporation (Krosaki) by way of a tender offer and potential squeeze out (if applicable) (Proposed Combination).
Nippon Steel holds an existing stake of 46.6% in Krosaki and accordingly pursuant to the Proposed Combination, Nippon Steel’s shareholding in Krosaki would be 100%.
Krosaki is a public listed company established in Japan. In India, Krosaki indirectly through its affiliate entities, is, inter alia, engaged in the manufacture and/or sale of refractory products and services the iron & steel making, lime, steel, aluminium, power, cement, copper, etc. industries.
Nippon Steel is a Japan-based steelmaker. In India, Nippon Steel is engaged in the business of manufacturing tubes and pipes, and processing automotive cold rolled steel sheets, crankshafts, and auto-parts and also imports and sells various products.
Steel Authority of India Limited (SAIL), the Maharatna CPSE and one of the leading steel producers in the Country, has added another feather in its cap by clocking a sales volume of 2.1 Million Tonne (MT) (provisional) during December 2025, thereby achieving a colossal growth of about 37% over the sales volume of 1.5 MT achieved in December 2024.
This is the best ever showing for the month of December and saw the Company scale new peaks across product categories and different sales channels with significant inventory reduction. The performance was buoyed by maintaining strong focus on customer deliveries. SAIL has also been undertaking branding initiatives with a renewed vigour recently.
The performance during the month helped SAIL sustain its growth momentum during FY’26 with sales volume reaching 14.7 MT (provisional) through April-December’25 which is a growth of about 17% as compared to 12.6 MT during CPLY. Apart from the records set in the domestic market, export volumes have also surged significantly, underscoring SAIL’s growing global footprint.
The Reserve Bank of India (RBI) has tightened oversight on lending to related parties by prescribing transaction-level materiality thresholds, above which loans will require approval from a bank’s board or a dedicated committee, according to the Reserve Bank of India (Commercial Banks – Credit Risk Management) Amendment Directions, 2026.
The Reserve Bank of India (RBI) on Tuesday came out with a draft framework on declaration of dividend by banks, as it proposed capping dividend payout to shareholders at 75 per cent of their net profit-- also called profit after tax (PAT).
The draft regulations suggest compliance with applicable regulatory capital norms at the end of the previous financial year and continued compliance in the year of payout, with capital levels remaining above regulatory thresholds even after dividend payment.
The Payments Regulatory Board (PRB), chaired by Reserve Bank of India (RBI) Governor Sanjay Malhotra, held its first ever meeting, where the board reviewed the functions of the Department of Payment and Settlement Systems (DPSS) and discussed key focus areas across domestic and global payment systems.
Additionally, the draft Payments Vision 2028 was presented at the meeting. The members offered strategic guidance to support the continued development of India’s payments ecosystem, the RBI said in a release.
In a major overhaul of the payments ecosystem, the PRB was constituted, replacing RBI’s Board for Regulation and Supervision of Payment and Settlement Systems (BPSS).
PRB includes the secretary, Department of Financial Services; secretary, Ministry of Electronics and IT (MeitY); and retired IAS officer Sundararajan as its three external members nominated by the government.
The RBI governor is the chairperson of the board, and includes the central bank’s deputy governor and executive director in charge of payments and settlement systems as members.
Additionally, the principal legal adviser of the RBI will be a permanent invitee to the meetings of the PRB.
The BPSS was a committee of the central board of the RBI that exercised powers on its behalf, to regulate and supervise the payment and settlement systems in the country.
The new regulatory entity, PRB, will be assisted by the DPSS, a department in the RBI.
Additionally, the PRB may invite persons with experience in the fields of payment and settlement systems, information technology and law, among others, to attend its meeting either as permanent or ad hoc invitees.
The PRB is required to meet at least twice in a year, and the meetings will be presided by the chairperson, or in his absence, the deputy governor.
The notification states that each member of the board will have one vote, and if any item of business requires voting, then such an item will be decided by a majority of votes.
In the event of equal votes, the chairperson, or in his absence, the deputy governor, will have a second or casting vote.
Amid deepening strategic ties and discussions around Free Trade Agreement (FTA) between India and Israel gaining momentum, the State Bank of India (SBI), the only Indian bank with a presence in Israel, is looking to facilitate bilateral trade in Indian rupees.
Israeli entities undertaking exports/imports through this mechanism shall receive and make payments in INR, which shall be credited into the Special Rupee Vostro Account (SRVA), against invoices for the supply/purchase of goods or services from the Israeli seller/buyer, the SBI executive said.
"SBI Tel Aviv has all the requisite approvals in place to facilitate these transactions", he added.
The SBI branch has held several meetings and organised webinars recently in collaboration with the Israel-India Chamber of Commerce to promote trade in rupees. It has also involved most of the major defence entities in Israel in these discussions.
With more than 40,000 Indian workers joining the Israeli workforce recently, SBI is also looking to facilitate the flow of remittances to India by facilitating the opening of their NRI accounts in India at its Tel Aviv branch.
SBI opened its branch in Israel in 2007 and has since managed to retain a full-fledged operation, demonstrating resilience in the face of the pandemic and more than two years of turmoil in the region due to the ongoing war.
It has a presence in 29 countries through 241 'points of presence' outside India.
Situated in the Diamond Exchange in Ramat-Gan, next to Tel Aviv, the SBI Branch caters to local corporates offerings trade finances, bank guarantees for India-related projects, business account and related operations.
The branch is committed to further strengthening the connection with its present and prospective clientele and be trusted partner in their business endeavour.
The push for rupee trade comes at a time when both countries are making efforts towards realising the full potential of economic collaboration.
The two countries signed a Bilateral Investment Treaty (BIT) during Smotrich's visit to India, and a term of reference for an FTA was signed during Goyal's visit to Israel.
Australian batter Steve Smith became the second-highest run scorer in Ashes history (January 6, 2026). The right-handed batter achieved the milestone during Day 2 of the fifth and final Ashes Test against England at the Sydney Cricket Ground in Sydney.
During Australia's first innings, Smith went past England's Jack Hobbs, who amassed 3636 runs in 41 matches and 71 innings in the Ashes. Hobbs had a superb average of 54.26 along with 13 centuries and 15 half-centuries.
Smith, who is now ranked second, has notched up 3644 runs in 41 matches and 73 innings at a brilliant average of 56.93.
The right-handed batter has made 13 centuries and 15 half-centuries in the Ashes.
Australian legend Don Bradman is the leading run-getter in Ashes history. The great batter amassed 5028 runs in 37 matches and 63 innings at an astounding average of 89.78. Bradman smashed 19 centuries and 12 half-centuries.
On the other hand, former England captain Joe Root, who made 160 runs in the first innings, is placed eighth in the elite list of batters with the most runs in the Ashes series. The right-handed batter has notched up 2822 runs in 39 matches and 74 innings at a good average of 41.50. Root has scored six centuries and 18 half-centuries.
Meanwhile, Smith smashed his 37th hundred in Test cricket during Australia's first innings. It was also his 13th Ashes hundred, surpassing Jack Hobbs (12). Smith is only behind Don Bradman's 19 centuries in Ashes history.
