CBIC to launch SWIFT 2.0, Digital Travellers Guide, and revamped Atithi app

CBIC to launch SWIFT 2.0, Digital Travellers Guide, and revamped Atithi app


The Central Board of Indirect Taxes and Customs (CBIC) will on Thursday launch single-window platform SWIFT 2.0, release the Digital Travellers Guide; and the revamped Atithi app.

The finance ministry, in a statement, said that Union Minister of State for Finance Pankaj Chaudhary will preside over the International Customs Day 2026 along with Arvind Shrivastava, Secretary, Department of Revenue; Vivek Chaturvedi, Chairman, CBIC; and other officials.

SWIFT is a single-window platform to ensure digital clearance for exports and imports. Atithi app is meant for international passengers to get their baggage cleared from customs while arriving in India.

CBIC will host the National Symposium on Customs Reforms and International Customs Day 2026 with the theme of ‘Customs protecting society through vigilance and commitment’, it said in a statement.

The International Customs Day 2026 will witness screening of a short film on Customs Reforms; an audio-visual presentation and launch of Single Window SWIFT 2.0; release of the SWIFT 2.0 Booklet and the Digital Travellers Guide; and release of the revamped Atithi App, the statement added.

The celebrations will also witness the stakeholder feedback from representatives of trade and industry.

Prior to the International Customs Day 2026 celebrations, CBIC will also organise the National Symposium on Customs Reforms 2026.

The session will comprehensively cover trust-based customs processes and digital governance, including recent legal changes and import procedural reforms.

It will also highlight the evolution of the digital ecosystem through initiatives such as SWIFT 2.0 and the Customs Integrated System (CIS).

In addition, the discussions will focus on emerging export opportunities, including courier reforms, fisheries enablement and export procedure reforms. Special emphasis will also be placed on ease of living measures, particularly reforms relating to baggage rules and personal imports.

Published on February 25, 2026



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PM Narendra Modi backs Gaza Peace Initiative in historic Knesset address

PM Narendra Modi backs Gaza Peace Initiative in historic Knesset address


In this screengrab from a video posted on Feb. 25, 2026, Prime Minister Narendra Modi interacts with officials at the Knesset, Israeli parliament, in Israel.
| Photo Credit:
@NarendraModi/Yt via PTI Photo

In a historic address to Knesset, Prime Minister Narendra Modi on Wednesday described the Gaza Peace Initiative as a path for “just and durable peace” in the entire region even as he delivered a powerful message of solidarity to Israel, asserting that “terrorism anywhere threatens peace everywhere”.

Modi said like Israel, India has a “consistent and uncompromising policy of zero tolerance for terrorism with no double standards” and called for sustained and coordinated global efforts to counter the menace.

The prime minister’s address to the Knesset, Israel’s house of representatives, came hours after he landed in the country to a rousing welcome with his Israeli counterpart Benjamin Netanyahu along with his wife Sara receiving him at the Ben Gurion airport.

“I also carry with me the deepest condolences of the people of India for every life lost and for every family whose world was shattered in the barbaric terrorist attack by Hamas on October 7 (2023),” Modi said.

“We feel your pain. We share your grief. India stands with Israel, firmly, with full conviction, in this moment, and beyond. No cause can justify the murder of civilians. Nothing can justify terrorism,” he said.

Marking the first-ever speech by an Indian prime minister to the Knesset, Modi showed India’s strong resolve to combat terrorism with full force.

“India has also endured the pain of terrorism for a long time. We remember the 26/11 Mumbai attacks and the innocent lives lost, including Israeli citizens. Like you, we have a consistent and uncompromising policy of zero tolerance for terrorism, with no double standards,” he said.

“Terrorism aims to destabilise societies, to block development, and to erode trust. Countering terrorism requires sustained and coordinated global action, because terror anywhere threatens peace everywhere.” “That is why India supports all efforts that contribute to durable peace and regional stability,” he noted.

The prime also delved into the evolving situation in the Middle East and referred to Israel signing the Abraham Accords with a number of countries a few years back.

“It was a moment of new hope for a long-troubled region. Since then, the situation has changed significantly. The path is even more challenging. Yet it is important to sustain that hope,” he said.

In the current context, Modi explicitly backed the Gaza Peace Initiative, describing the UN Security Council-endorsed plan as the definitive path toward a “just and durable peace” for the entire region.

“The Gaza Peace Initiative that was endorsed by the UN Security Council offers a pathway. India has expressed its firm support for the initiative,” Modi said.

“We believe that it holds the promise of a just and durable peace for all the people of the region, including by addressing the Palestine issue,” he said.

“Let all our efforts be guided by wisdom, courage, and humanity. The road to peace is not always easy. But India joins you and the world for dialogue, peace and stability in this region,” he added.

The prime minister said that there is great admiration in India for Israel’s “resolve, courage, and achievements”.

“Long before we related to each other as modern states, we were linked by ties that go back more than two thousand years,” he said.

Modi said India and Israel are “democracies shaped by history and focused on the future”.

“Our partnership is grounded in shared experience and shared aspirations. Our strong partnership not only serves national interests but also contributes to global stability and prosperity,” he said.

Published on February 25, 2026



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Cytiva sets up 30,000 sq ft bioprocessing centre in Bengaluru to speed drug development

Cytiva sets up 30,000 sq ft bioprocessing centre in Bengaluru to speed drug development


Biotech company Cytiva has set up a 30,000 sq ft facility in Bengaluru. The centre will help biopharma companies in India and across Asia-Pacific shorten development timelines, reduce manufacturing risk, and scale as India aims to grow its bioeconomy to $300 billion by 2030.

The facility is designed for single-use bioreactor that can scale up to 200 L and can produce toxicity batch material to support preclinical stages.

Pierre-Alain Ruffieux, Chief Operating Officer, Cytiva, said: “India’s scientific strength plays a vital role in global biopharma, and this facility reinforces that momentum. By expanding our capabilities here, we’re giving customers the infrastructure to move from idea to impact with greater speed, reliability, and excellence.”

Manoj Panicker, General Manager, Cytiva South Asia, said: “This facility will enable our customers to innovate faster while maintaining complete control of their processes, improving access to life-saving medicines. This is especially critical for rare diseases, emerging modalities, and the growing biosimilars market, where speed and flexibility are essential.”

Published on February 25, 2026



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Broker’s call: CIE Automotive (Add)

Broker’s call: CIE Automotive (Add)


Target: ₹520

CMP: ₹498.60

CIE Automotive’s (CAIL) Q4CY25 consolidated revenue at ₹2,390 crore was in line with I-Sec estimate; adjusted EBITDA margin (adjusted for new labour code impact and restructuring costs) at 15.4 per cent was about 60bps higher than I-Sec estimate.

India revenue was up 12 per cent y-o-y at about ₹1,540 crore vs. industry growth of about 20 per cent YoY. Europe revenue was up around 21 per cent y-o-y at ₹780 crore, on a low base and a favourable exchange rate impact. In near-to-medium term, CAIL expects strong growth in India business, led by improved industry outlook due to GST-reforms and ramp-up of new programmes; however, demand weakness may continue for Europe business. We expect operating leverage to drive margin improvement in India business.

The company is taking cost-cutting measures and aims to maintain margins amidst demand weakness. As a strategic move, CAIL is planning to re-locate certain forging presses and gear production units from Europe to India.

Maintain Add with a revised target price of ₹520 (vs. ₹460), based on 18x CY27E EPS.

Downside risks: Persistent sluggish demand in European market beyond CY26; and delay in ramp-up of new projects

Upside risks: Significant demand improvement in European market; and Faster-than-expected margin improvement in India business.

Published on February 25, 2026



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Housing prices in Jaipur, Kanpur, Chennai drive All India House Price Index up 1.2%

Housing prices in Jaipur, Kanpur, Chennai drive All India House Price Index up 1.2%


The All India House Price Index (HPI) rose to 115.6 in Q3 (October-December) FY2026, from 114.2 in the previous quarter (Q2)
| Photo Credit:
Phanphen Kaewwannarat

The All India House Price Index (HPI) rose to 115.6 in Q3 (October-December) FY2026, from 114.2 in the previous quarter (Q2), reflecting a quarter-on-quarter (q-o-q) growth of 1.2 per cent, driven by rise in housing prices across major cities such as Jaipur, Kanpur and Chennai, according to the Reserve Bank of India.

The HPI is based on transaction-level data received from registration authorities in 18 cities – Mumbai, Delhi, Chennai, Kolkata, Bangalore, Lucknow, Ahmedabad, Jaipur, Kanpur, Kochi, Hyderabad, Thiruvananthapuram, Pune, Ghaziabad, Thane, Gautam Buddha Nagar, Chandigarh and Nagpur.

The All India HPI grew by 3.6 per cent year-on-year (y-o-y) in Q3 FY26, compared with a growth of 6.9 per cent in the same quarter last year. The y-o-y increase was primarily driven by cities like Nagpur, Chandigarh, and Jaipur, according to the RBI statement.

In Q1 FY26, eight new cities – Hyderabad, Thiruvananthapuram, Pune, Ghaziabad, Thane, Gautam Buddha Nagar, Chandigarh and Nagpur – were added to 10 cities in the all-India HPI new series with base year 2022-23.

Published on February 25, 2026



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Broker’s Call: Mphasis (Add)

Broker’s Call: Mphasis (Add)


Target: ₹2,660

CMP: ₹2,259.70

AI disruption unfolds differently across industries, yet Mphasis maintains a strong near- to medium-term outlook, supported by a solid deal pipeline. AI-led efficiencies have limited relevance in complex brownfield enterprise environments, and the existing services model remains viable, though pricing structures are evolving alongside a greater focus on outcome-based delivery that requires strong execution capabilities. Mphasis’s legacy modernisation deal pipeline has doubled year on year, which signifies the trend. Clients are selecting their preferred LLMs, but they need model-agnostic platforms that integrate with existing systems rather than go for full rebuilds.

AI-led deflationary pressure has impacted pricing on renewals with discounts rising from 10-20 per cent. This has led to a decline in repeat business (dipped to 80-85 per cent) and leakage has risen to 20-22 per cent. Thus, the onus to clock a double‑digit growth now depends heavily on net‑new deal wins.

Margins hinge on execution quality, though no major pressure is expected from AI investments, and hedging-related OCI losses offset gains from currency depreciation. BFSI exposure remains high but stable, logistics issues have normalised, and the strategy emphasises scaling existing accounts while leveraging a robust pipeline and AI‑first legacy modernisation programmes. We cut our earnings estimates by 4 per cent/8 per cent for FY27/28E, anticipating slower revenue conversion and stable margins. We maintain our Add rating with a target price of ₹ 2,660).

Published on February 25, 2026



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