UIDAI Unveils Aadhaar-based Authentication Framework for Cooperative Banks
The Unique Identification Authority of India (UIDAI) rolled out a new framework to onboard Cooperative Banks and enable them to deliver Aadhaar-based authentication services, giving a strong push to last-mile banking and digital inclusion.
The framework has been developed in close consultation with the Ministry of Cooperation, NABARD, NPCI and cooperative banks. It will cover all 34 State Cooperative Banks (SCBs) and 352 District Central Cooperative Banks (DCCBs) across the country.
Under the new system, the process of adopting Aadhaar services has been made simpler and cost-effective. Only the State Cooperative Banks will be registered with UIDAI as Authentication User Agencies (AUA) and eKYC User Agencies (KUA).
Aug 22, 2025
Department of Posts Collaborates with Maharashtra's MSSIDC to Enhance MSME Competitiveness
The Department of Posts (DoP) and the Maharashtra Small Scale Industries Development Corporation Ltd. (MSSIDC) entered into a strategic collaboration to strengthen support for Micro, Small and Medium Enterprises (MSMEs) in Maharashtra.
This partnership is aligned with the Raising and Accelerating MSME Performance (RAMP) Programme and aims at enhancing MSME competitiveness through institutional collaboration.
The Department of Posts, with its rich legacy of more than 170 years, has been a cornerstone of India's communication and financial inclusion framework.
Aug 21, 2025
India and Eurasian Economic Union Sign Terms of Reference to Launch FTA Negotiations
India and the Eurasian Economic Union (EAEU), comprising Armenia, Belarus, Kazakhstan, Kyrgyz Republic and Russia signed the Terms of Reference (ToR) to launch negotiations on a Free Trade Agreement (FTA).
The ToR was signed by Additional Secretary, Department of Commerce, Government of India, Ajay Bhadoo, and Deputy Director, Trade Policy Department, Eurasian Economic Commission (EEC), Mikhail Cherekaev.
The ToR provides the framework for negotiations and is expected to unlock untapped trade potential, increase investments and establish a stronger, durable India-EAEU economic partnership.
Flipkart Expands Footprint in Northeast
Flipkart expanded its footprint in Northeast by unveiling its first grocery fulfilment centre in Agartala, Tripura.
Flipkart's first grocery FC in the state will support rising consumer demand for online groceries by enhancing serviceability and offering delivery slots as per the consumer's choice across Agartala and nearby areas. Built on deep consumer insights, the facility will offer a curated selection of over 4,000 products across staples such as aata, rice, and pulses in addition to snacks, beverages, personal care, and household essentials. The assortment includes several locally popular brands to cater to the diverse preferences of consumers across Tripura.
Aug 20, 2025
Volvo Cars Select Tata Technologies as a Strategic Supplier
Tata Technologies, a global product engineering and digital services company, was selected as a strategic supplier by Volvo Cars – a milestone that reinforces Tata Technologies commitment towards #Engineering A Software Defined Future by innovating smarter, safer, and more sustainable solutions for global automotive companies.
The World Customs Organisation (WCO) and the Ministry of Finance of the Government of India - Indian Customs awarded Patanjali the Authorized Economic Operator (AEO) Tier-2 certificate.
This certificate symbolises the highest standards of honesty, transparency and supply chain security in global trade.
Only a handful of companies among the top companies of India have this status, and in the FMCG sector, only a few companies have received this prestigious certificate. Now Patanjali's name has been added to this list in golden letters.
It is worth mentioning that with this AEO Tier-2 certificate, Patanjali Foods will get more than 28 types of international trade benefits along with Duty Deferred Payment, Bank Guarantee Waiver, Direct Port Delivery (DPD), 24x7 Clearance facility etc.
Ex-Twitter CEO Parag Agrawal Launches AI Start-up 'Parallel' to Build a Web for Machines
Three years after his sudden exit from Twitter following Elon Musk's takeover, Parag Agrawal is back at the forefront of tech innovation with a bold new venture—Parallel Web Systems. This AI-focused start-up aims to revolutionise how artificial intelligence systems interact with the internet, introducing tools that empower AI agents to perform complex web tasks with unprecedented speed and precision.
Parallel Web Systems is not just another AI company—it's building what Agrawal calls the "web's second user": machines. The startup's mission is to create web infrastructure specifically for AI, allowing machines to not only browse the web but consume, process, and act on information more effectively than humans ever could.
Aug 19, 2025
Foxconn's Bengaluru Unit Commences Operation with iPhone 17 Production
In India's electronics manufacturing sector, Foxconn's new facility in Bengaluru officially commenced operations with the production of iPhone 17. This makes the Devanahalli unit in Karnataka the company's second-largest plant globally outside China, strengthening India's position in Apple's global supply chain.
The launch marks a significant milestone in India's ambitions to become a global hub for advanced electronics and smartphone manufacturing.
Foxconn, Apple's biggest manufacturing partner, has been steadily scaling up operations in India. While its Chennai unit in Tamil Nadu has been producing iPhones for several years, the new Bengaluru facility represents a strategic investment to diversify production outside of China.
China to Resume Fertilizer, Rare Earth, TBM Supply to India
India and China took a step towards normalising relations as visiting Chinese Foreign Minister Wang Yi assured External Affairs Minister (EAM) S. Jaishankar that Beijing will resume critical supplies of fertilizers, rare earth minerals, and tunnel boring machines (TBMs) to India.
The assurance comes after nearly a year-long halt that had strained India's agriculture and infrastructure sectors.
First for India: Kotak Mahindra Wins UAE License to Launch Local Funds
Kotak Mahindra (International) Limited ("KMIL"), a wholly owned subsidiary of Kotak Mahindra Bank Limited, was granted a license by the Securities and Commodities Authority ("SCA"), the capital markets regulator of the United Arab Emirates, to conduct Investment Fund Management and Portfolio Management activities.
With this approval, KMIL became the first Indian firm to receive this license from the SCA, marking a significant milestone in the evolution of cross-border financial services. This development paves the way for the launch of UAE-domiciled funds for retail investors, further reinforcing the UAE's position as a regional financial and investment hub.
+91-85588-96644
