India Press Releases

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Over 6 in 10 digital wallet users surveyed believe that RBI shouldn’t reduce the amount of money stored in digital wallets; Want it to retain or increase limits instead

Over 6 in 10 digital wallet users surveyed believe that RBI shouldn’t reduce the amount of money stored in digital wallets; Want it to retain or increase limits instead

New Delhi [India], June 19: India’s digital payments revolution, powered by the Unified Payments Interface (UPI) and a rapidly expanding base of digital wallet and Prepaid Payment Instrument (PPI) users, has made small-value, app-based payments a part of everyday life for hundreds of millions of Indians. Digital wallets are now used for everything from daily commute and grocery payments to recharges, bill payments and merchant transactions, making the balance and transaction limits attached to them a matter of direct, practical interest to consumers.

  • 63% of digital wallet users surveyed want RBI to retain or increase wallet limits while 23% believe limits should depend on the level of KYC/authentication completed by the user
  • 62% of digital wallet users surveyed say reducing the amount that can be stored or transacted via wallets would inconvenience their everyday payments; 38% believe lower limits won’t curb fraud and will only penalise genuine users
  • Nationwide survey receives 43,000 responses from users of digital wallets across 304 districts of India

Against this backdrop, the Reserve Bank of India (RBI) in April 2026 released a draft Master Direction on Prepaid Payment Instruments (PPIs), 2026, for public comments, replacing its August 2021 framework, with the consultation window open till May 22, 2026. While the draft raises the maximum outstanding balance for Full-KYC wallets to ₹2 lakh, it also proposes to sharply cut the monthly cash top-up limit for such wallets from ₹50,000 to ₹10,000, introduces a uniform ₹25,000 monthly cap on person-to-person transfers, mandates UPI and card-network interoperability, requires immediate refunds for failed transactions and imposes tighter compliance norms on issuers, citing rising fraud and anti-money-laundering concerns.

The proposed reduction in how much money can be loaded into and moved through digital wallets has drawn considerable attention from users and industry alike, with many arguing that genuine, everyday users could be inconvenienced even as the changes do little to deter determined fraudsters. To understand how digital wallet users view these limits, LocalCircles conducted a large survey seeking their direct opinion on whether the RBI should reduce, retain or increase wallet limits, and how a reduction would affect them.

The survey received over 43,000 responses from users of digital wallets across 304 districts of India and found that an overwhelming majority of digital wallet users are against any reduction in wallet limits. 63% of those surveyed want the RBI to retain or increase limits, only 7% support reducing them, and 23% believe limits should depend on the level of KYC/authentication done by the user. Further, 62% say they would be inconvenienced if limits were reduced, and 38% believe that reducing limits will not curb fraud, but instead penalise genuine users. The detailed findings are summarised below.

63% of digital wallet users surveyed believe RBI should retain or increase limits; 23% believe limits should depend on level of KYC/authentication

With the RBI’s draft rules proposing changes to how much money can be stored and transacted through digital wallets, the survey first sought users’ view on the money limits for digital wallets. In response, 33% said current limits should be increased as people increasingly rely on wallets, while 30% said current limits are adequate and should be retained as is – taking the share that wants limits retained or increased to 63%. Another 23% felt limits should depend on the level of KYC/verification done by the user, and only 7% said limits should be reduced to lower fraud and misuse risk, while 7% could not say. This indicates that a large majority of users see digital wallets as a growing necessity rather than a risk to be curtailed. This question in the survey received 22,259 responses.

62% of digital wallet users surveyed believe that they would be inconvenienced if RBI reduced the amount of money that can be stored or transacted via digital wallets; 38% also believe reducing limits won’t curb fraud but penalise genuine users

The survey next asked digital wallet users how it would affect them if the RBI were to reduce the amount of money that can be stored or transacted via digital wallets. In response, 62% said it would inconvenience them as they use wallets for regular/daily payments, 26% said they would be forced to shift back to bank/UPI for higher-value payments and 17% said they would be forced to shift to cash. Among the respondents, 19% felt it would reduce their rewards and offers, another 19% felt it would reduce their exposure and make them feel safer from fraud, 31% said it would not affect them much. Importantly, 38% of users stated that reducing limits won’t curb fraud and will only penalise genuine users. This question in the survey received 21,356 responses. (Some respondents selected more than one option and hence the total does not equate to 100%.)

To summarise, the survey makes it clear that digital wallet users overwhelmingly do not want the RBI to reduce the amount of money that can be stored or transacted via digital wallets. With 63% of users wanting limits retained or increased and only 7% in favour of a reduction, the message from consumers is that digital wallets have become an everyday financial tool rather than a fringe convenience. As wallet usage deepens across tier 1, tier 2 and smaller towns, users appear to view higher or stable limits as essential to managing their daily payments seamlessly.

The concern around the proposed reduction is rooted in real-world impact. 62% of users say a reduction would inconvenience their regular payments, while sizeable proportions say they would be pushed back to bank/UPI for higher-value payments (26%) or even to cash (17%) – an outcome at odds with the broader push towards a digital, less-cash economy. With 38% of users asserting that lower limits won’t curb fraud and will only penalise genuine users, there is clear scepticism about whether reducing limits, particularly the sharp cut in monthly cash top-up from ₹50,000 to ₹10,000 proposed in the draft PPI Directions, will achieve its stated objective.

LocalCircles will be escalating these survey findings with the RBI and other stakeholders as part of the public consultation on the draft Master Direction on Prepaid Payment Instruments, 2026. While users broadly welcome measures that improve security, interoperability and faster refunds, the survey suggests that the central bank should reconsider any reduction in wallet storage and transaction limits, and instead consider retaining or increasing them – potentially linking higher limits to the level of KYC/authentication completed by the user, an approach 23% of users have endorsed.

Survey Demographics

The survey received over 43,000 responses from users of digital wallets located across 304 districts of India. 66% respondents were men while 34% respondents were women. 42% of respondents were from tier 1, 33% from tier 2 and 25% respondents were from tier 3, 4, 5 & rural districts. The survey was conducted via LocalCircles platform, and all participants were validated citizens who had to be registered with LocalCircles to participate in this survey.

About LocalCircles

LocalCircles, India’s leading Community Social Media platform enables citizens and small businesses to escalate issues for policy and enforcement interventions and enables the Government to make policies that are citizen and small business centric. LocalCircles is also India’s # 1 pollster on issues of governance, public and consumer interest. More about LocalCircles can be found on http://www.localcircles.com

Media Contact: media@localcircles.com, +91-8585909866

5 in 8 online grocery platforms in India still don’t display best before dates for packaged foods: LocalCircles

5 in 8 online grocery platforms in India still don’t display best before dates for packaged foods: LocalCircles

New Delhi [India], June 18: The Central government primarily through food regulator, the Food Safety & Standards Authority of India (FSSAI), has taken some steps to crack down on food products selling online by enforcing the Food Safety act which requires products listed for sale online to have atleast 30% shelf life remaining. However, 1 in 2 consumers surveyed by LocalCircles still can’t find “Best Before” or expiry date information listed online as mandated in the Legal Metrology Packaged Commodity Rules 2018 amendment.

  • LocalCircles writes to FSSAI again about amending act and ensuring compliance
  • 48% consumers report being unable to find Best Before Date information; Only 9 percentage points improvement from 2024 to 2026
  • Zepto, Swiggy Instamart, Blinkit, Jiomart and Milk Basket all non-compliant; Only Amazon Now, Flipkart and Big Basket display best before dates
  • Consumers cite hundreds of cases of near expiry date products being received

Under the Legal Metrology (Packaged Commodities) Amendment Rules, 2018, all packaged human consumption products listed on e-commerce sites/apps must display clear “Best Before” or “Use By” dates, with day, month, and year, at the point of digital sale. However, since food as a subject has been governed by FSSAI, Legal Metrology has not been enforcing this clause of displaying best before date online for such products.

FSSAI, to which LocalCircles has written twice since 2024 is yet to enforce compliance by online grocery platforms. Instead, it has been trying to enforce its Food Safety Law 2020 amendment which calls for e-commerce/quick-commerce platforms having at least 30% of packaged food product’s shelf life remaining or 45 days before expiry, at the time of delivery. However, there is no way for the consumer to check the shelf life before ordering packaged foods with most of these platforms, despite it being in the PCR 2017 amendment.

Following the LocalCircles escalation in October 2024, FSSAI formally issued warnings to some quick commerce and e-commerce platforms to stop selling consumables with missing or near-expiry dates. Platforms were asked to only list products meeting the 30% or 45 day criteria or face punitive action. However, no directions were issued by FSSAI to platforms to display best before dates online on the app/website.

Some consumers have even alleged some online grocery platforms engaging in the practice of buying inventory with small shelf life left and listing it on their platform at a high discount, in violation of the 30%- or 45-day shelf life rule. One of the most common examples reported on LocalCircles is that of bread where the product delivered often has 1-2 days of shelf life remaining while the average shelf life is 5-7 days.

LocalCircles through a follow on survey has strived to find out from consumers what has been their experience of Best Before Date display compliance on online grocery platforms and whether the situation has improve since 2024. The survey received over 17,000 responses from consumers of online platforms located in 164 districts of India. 61% respondents were men while 39% respondents were women. 53% respondents were from tier 1, 29% from tier 2 and 18% respondents were from tier 3 & 4 districts.

48% Indian online grocery platforms shoppers surveyed say they still cannot find date (for human consumption products) displayed on most platforms

The survey asked consumers, “When you shopped on online grocery platforms in the last 12 months, how did you find the Best Before date (shelf life remaining) of the human consumption products (packaged food, groceries, medicines, cosmetics, etc.,) displayed online?” Out of 17,133 who responded to the question 13% stated the “Best Before date was displayed on all apps/sites”; 5% of respondents stated ““Best Before date was displayed on most apps/sites”; 21% of respondents stated “Best Before date was displayed on some apps/sites”;13% of respondents stated “Best Before date was displayed on just a apps/sites”; 35% of respondents however stated that they “could not find Best Before date on any apps/site”; and 13% of respondents did not give a clear answer. To sum up, 48% Indian online grocery platforms shoppers surveyed say they still cannot find Best Before date (for human consumption products) displayed on most platforms.

Minor improvement observed in display of best before dates by online grocery platforms; 1 in 2 consumers surveyed still can’t find it

A comparison with the study results of 2024 and this year shows that there has been minor improvement in the display of ‘Best Before’ dates by online grocery platforms as non-compliance has dipped from 57% to 48%. However, 1 in 2 consumers surveyed still can’t find it on most platforms.

Majority online platforms selling packaged foods continue to not display best before date as required under Packaged Commodity Rules Amendment 2018

Based on consumers’ complaints and LocalCircles’ study out of 8 major online grocery platforms, 5 have been found to be non-compliant with the requirement that Best Before date should be displayed on all packaged food products sold through the platform. Among those found to be compliant are Amazon Now, BigBasket, and Flipkart Minutes, while those found non-compliant are Milkbasket, JioMart, Blinkit, Swiggy Instamart, and Zepto. Some of these platforms instead of providing a Best Before Date or a Manufacturing Date with Shelf Life, just provide Shelf Life which is meaningless as it does not tell the consumer when the product expires. Below are some examples of products sold through various online grocery platforms – some which have Best Before Date displayed and others where this information is not available.

In summary, 48% of Indian online grocery shoppers surveyed say they still cannot find Best Before date (for human consumption products) displayed on most online platforms. However, there has been minor improvement observed in display of Best Before dates by some platforms. Despite the improvement, 1 in 2 consumers surveyed still can’t find it.

LocalCircles was instrumental in the original development, implementation and compliance tracking of Legal Metrology Packaged Commodity Rules 2017 amendment as well as the modification of food safety laws from an eCommerce perspective. Following the LocalCircles survey in October 2024, which revealed an increasing number of consumers purchasing food products online being unable to see the best before date of the products, the platform had repeatedly escalated with FSSAI the need for ensuring the display of best before date for human consumption products on online platforms. Though considerable time has passed since the last submission to FSSAI in January 2026, the Best Before Date is not being displayed on online platforms for such products.

The LocalCircles submission to FSSAI said that the Food Safety and Standards Amendment Regulation 2020 should be implemented in letter and spirit with the regulator ensuring compliance. The authority should ensure that sellers/platforms must only display foods that have 30% or higher shelf life or 45 days for sale and update the law to mandate display of Best Before Dates online for all packaged food products.

Alternatively, LocalCircles had urged the authorities that in the event of FSSAI is unable to update their act in a timely manner, the clause that exempts food products in PCR 2017 amendment of legal metrology should be revoked such that consumers have this information available to them when purchasing food products online. This will ensure that just like in physical retail stores where the consumer has the benefit of seeing the expiry date of products when buying, they have the same information available when buying online.

LocalCircles plans to share the findings of this new survey with FSSAI, Legal Metrology and CCPA so the necessary changes can be made along with enforcing such that every online grocery platform complies and displays best before date for all human consumption products on their apps.

Survey Demographics

The survey received over 17,000 responses from consumers of online platforms located in 164 districts of India. 61% respondents were men while 39% respondents were women. 53% respondents were from tier 1, 29% from tier 2 and 18% respondents were from tier 3 & 4 districts. The survey was conducted via LocalCircles platform, and all participants were validated citizens who had to be registered with LocalCircles to participate in this survey.

About LocalCircles

LocalCircles, India’s leading Community Social Media platform enables citizens and small businesses to escalate issues for policy and enforcement interventions and enables the Government to make policies that are citizen and small business centric. LocalCircles is also India’s # 1 pollster on issues of governance, public and consumer interest. More about LocalCircles can be found on http://www.localcircles.com

Media Contact: media@localcircles.com, +91-8585909866

Cambridge Pathway at Suchitra Academy: Building Globally Competent Learners from an Early Age

Cambridge Pathway at Suchitra Academy: Building Globally Competent Learners from an Early Age

New Delhi [India], June 18: At Suchitra Academy, the Cambridge Pathway provides students with a globally recognised education that develops not only academic excellence but also the skills, attitudes, and values needed to thrive in an interconnected world. From the early years onwards, learners are encouraged to become confident, responsible, reflective, innovative, and engaged individuals.

The curriculum is designed to promote inquiry, critical thinking, collaboration, and communication. In classrooms, students explore real-world issues, analyse different perspectives, and apply their learning to meaningful contexts. Students conduct SCOT (Strengths, Challenges, Opportunities, and Threats) analyses and create SMART goals to take ownership of their personal and academic growth. Across the school, regular reading programmes, wellbeing lessons, and project-based learning experiences nurture independent thinking and self-management skills.

Global awareness is further strengthened through activities such as cultural celebrations, sustainability projects, Model United Nations-style discussions, World Music Day events, and interdisciplinary learning experiences that encourage students to appreciate diverse viewpoints and cultures. Students also participate in public speaking, debates, literary competitions, scientific investigations, and community initiatives, helping them develop confidence and leadership.

Assessment within the Cambridge framework focuses on continuous progress and skill development, enabling teachers to provide targeted support and challenge. Through data-informed teaching and personalised learning pathways, every student is encouraged to achieve their potential.

By combining the rigour of the Cambridge curriculum with Suchitra Academy’s commitment to holistic development, the school equips learners with the knowledge, skills, and global outlook needed to succeed in higher education and contribute positively to an ever-changing world.

Website: https://suchitra.in/

From Naxal Echoes to Global Records: Bastar Writes a New Chapter of Development as Dr. Mukesh Kumar Achieves Guinness World Record in AI Healthcare

From Naxal Echoes to Global Records: Bastar Writes a New Chapter of Development as Dr. Mukesh Kumar Achieves Guinness World Record in AI Healthcare

BHOPALPATNAM, BIJAPUR (CHHATTISGARH) — In a powerful testament to the rapid developmental transformation sweeping across Chhattisgarh, Dr. Mukesh Kumar, a frontline Medical Officer at the Community Health Center (CHC) in Bhopalpatnam, has achieved a historic Guinness World Records title. This milestone highlights a changing regional narrative where tech-driven growth and global milestones are reaching the remotest corners of the state.

Dr. Kumar accomplished this milestone under the continuous guidance, motivation, and administrative encouragement of Bijapur’s Chief Medical and Health Officer (CMHO), Dr. B.R. Pujari, who has been actively spearheading medical advancements and modernizing rural health infrastructure across the district.

The global record was set during a nationwide academic initiative organized by the National Board of Examinations in Medical Sciences (NBEMS) under the Union Ministry of Health and Family Welfare. The project officially achieved the Guinness World Records title for the “Most viewers of an artificial intelligence in healthcare lesson live stream on YouTube” with an unprecedented peak concurrent viewership of 17,999 medical professionals.

Fulfilling the rigorous compliance standards of a Guinness World Record requires uninterrupted digital connectivity—a massive structural hurdle in interior Bijapur. To ensure that frontline doctors could seamlessly participate in this critical national training on cutting-edge Artificial Intelligence (AI) diagnostics, CMHO Dr. B.R. Pujari provided essential administrative backing and technical motivation, emphasizing that geographical remoteness should never limit a medical officer’s academic and professional growth.

“Big changes are happening in Chhattisgarh today. The Bastar that was once known primarily for Naxalism is now writing a completely new chapter of development, and its people are actively participating in global milestones like the Guinness World Records. Serving in an interior and network-challenged block like Bhopalpatnam comes with daily logistical obstacles, but with the proactive support of our CMHO, Dr. B.R. Pujari, we are proving that even doctors serving in the remotest corners can stay at the absolute forefront of modern medical science.”

— DR. MUKESH KUMAR, MEDICAL OFFICER, CHC BHOPALPATNAM

Commenting on the milestone, CMHO Dr. B.R. Pujari commended the achievement, noting that Dr. Mukesh Kumar’s dedication sets a stellar benchmark for medical officers across the region. He emphasized that technical and geographical constraints can be defeated with strong determination, structured administrative support, and an unwavering commitment to public health excellence.

MEDIA CONTACT INFORMATION

Participant Name: Dr. Mukesh Kumar (Medical Officer, CHC Bhopalpatnam)

Guiding Authority: Dr. B.R. Pujari (Chief Medical and Health Officer, Bijapur)

Official Address: Office of the CMHO, District – Bijapur, Chhattisgarh, India

Phone / Mobile: +91 9672575365

Email Address: mukeshkalau2@gmail.com

Attachments: Official Guinness World Records Certificate Image

Offrd launches Form 16 generation and AI resume screening

Offrd launches Form 16 generation and AI resume screening

Both features are live for new and existing users from 1 June 2026.

Chennai, India, 12 June 2026: Offrd, HR operations software used by more than 4,000 Indian companies, has launched two features: Form 16 generation and AI resume screening.

Form 16 generation produces the annual salary tax certificate from payroll data already on the platform, so employers no longer prepare it separately or send it to an outside consultant. AI resume screening reviews incoming CVs and ranks them against the role, which speeds up shortlisting before the offer stage.

The two features widen Offrd beyond its offer, payroll, attendance and exit tools, putting more of the hiring and compliance work in one place for companies with small HR teams.

Ravi Balan, Chief Product Officer at Offrd, said: “Customers had asked for Form 16 for a while. Many ran payroll with us, then went elsewhere for the certificate. Resume screening closes a similar gap at the hiring end. Both fit what the platform already does.”

Offrd is used in over 350 cities in India, and offer letters worth more than INR 7 billion have been generated through it. Both new features are available now within the existing platform.

About Offrd

Offrd is HR operations software for Indian SMEs and growing companies. It generates offer letters, payslips, onboarding kits, payroll, HR policies and exit paperwork, with Indian statutory rules for EPF, ESI, professional tax and gratuity built in. Attendance is handled through Atndnz, its bundled application. More than 4,000 companies across over 350 cities use Offrd. For more information, visit offrd.co.

Fintech wearable startup SEVEN launches 7 Ring Air for POS & Metro Payments, at just INR 1,477

Fintech wearable startup SEVEN launches 7 Ring Air for POS & Metro Payments, at just INR 1,477

Mumbai (Maharashtra) [India], June 16: SEVEN announced the commercial launch of 7 Ring Air, a contactless payment ring now available at Rs 1,477, on April 19 that generated unexpectedly strong demand. The ring is designed to make everyday payments immediate and invisible, and the product is available for purchase now.

7 Ring Air was built so payments do not interrupt life. The ring enables secure tap-to-pay transactions without a phone, wallet, battery, or network connection. 7 Ring Air was built for the moments when every second matters. The metro commute is where the product truly stands out — fast, reliable tap-to-pay at the gate, when people are moving, rushing, and cannot afford friction. Beyond that, the ring also makes everyday payments seamless at cafes, restaurants, fuel stations, and retail stores.

“7 Ring Air is designed to democratize wearable payments, making this cutting-edge fintech technology affordable, accessible and truly mass-market for everyday users, not just early adopters”, said Vijay Khubchandani, Co-Founder & CEO of SEVEN. “7 Ring Air can also be used for metro travel payments, where users are now literally gliding through the gates and enjoying the seamless experience of using a smart ring for metro ticketing”.

Early traction has come from a mix of orders, organic videos, and user-shared moments that emphasise ease rather than feature lists. Customers describe the ring as something that quietly removes friction: walking through a metro gate without breaking stride; paying at a cafe or restaurant without reaching for a phone or wallet; and completing transactions without having to think about the payment process itself.

“Price was never an afterthought — it was how to make this invisible convenience part of everyday life,” added Vijay Khubchandani. “At Rs 1,477, 7 Ring Air is intentionally accessible: not a luxury item, but a practical tool that lets people get on with their day. The launch response tells us people are ready to move on from the way they’ve been paying.”

About 7 Ring Air

7 Ring Air is a contactless payment ring that enables secure tap-to-pay transactions without a phone, wallet, or battery. Designed for everyday convenience, the ring works across metro systems, retail stores, cafes, restaurants, and fuel stations.

https://seven.ooo/7ringair

Global Broker XM Introduces Mutual Rewards for Traders and Their Friends

Global Broker XM Introduces Mutual Rewards for Traders and Their Friends

New Delhi [India], June 10: With a global database of over 20 million clients, XM is no stranger to high-value bonuses and promotions. The broker is now launching a new initiative to boost rewards within its Refer a Friend program.

The limited time increase benefits not only the referrers but also the friends who accept the invitation to join XM.

Depending on the account holder’s geographic location, traders can earn a withdrawable Referral Reward of $100. Each friend who joins will be rewarded with a Referral Bonus of $40 they can use to trade on any market.

The Refer a Friend program allows traders to send unlimited invites and earn multiple rewards. To participate, existing clients can simply login to their XM account and go to the Refer a Friend section. From there, they can invite unlimited people with one click by simply sharing a link, QR code, or referral code.

“XM is constantly looking for ways to build a long-term relationship with its clients using various bonuses and incentives. This global promotion rewards client loyalty and gives beginners a head start.” XM Group CMO Panos Lamprakos said.

Over the past year, XM has comprehensively overhauled its Refer a Friend program, introducing an uncapped earning structure with flat-rate cash rewards, automated weekly payouts, and a real-time referral tracking dashboard.

#XMReferAFriend

About XM

XM is an internationally established trading and investment firm, with over 20 million clients, from over 190 countries. Armed with multiple international licenses, XM offers competitive services for retail traders, investors, and affiliates.

With over 15 years of serving clients, XM has proven to be fair, trustworthy, and dependable. Traders can access over 1,400 instruments across all devices. The award-winning broker is known for its wide range of products, excellent support, and outstanding education.

Risk Warning: Trading involves significant risks and may result in the loss of your invested capital. T&Cs apply.

Disclaimer: The XM Group operates globally under various entities, so products, services, and features listed here vary between XM entities. For further information, please visit the XM website.

Mobis India launches Anticounterfeit Campaign across Nationwide 2026

Mobis India launches Anticounterfeit Campaign across Nationwide 2026

New Delhi, India, 8 June: Mobis India Limited, the trusted Global Strategic Partner for Hyundai Genuine Parts & Accessories, has launched its nationwide campaign, “Ask for Genuine, Ask for Hyundai Mobis”, to drive greater customer awareness around the importance of choosing genuine parts.

Following its earlier rollout in 2024 and 2025 respectively, the campaign has already proven its ability to connect effectively with both customers and various stakeholders. It created strong awareness around the significance of opting for genuine parts. Taking this forward in the year 2026, the current phase is designed to be more immersive and wide-reaching with enhanced focus on engagement across digital channels, service touchpoints and broader automotive ecosystem. The intent is to deepen customer understanding and reinforce the habit of choosing Hyundai Genuine Parts to ensure informed decisions at every service and repair interaction.

Customers safety and trust remain top priorities. An informed customer is the one who makes better decisions and avoids risks associated with counterfeit parts.

Empowered customers help ensure safer journeys and long-term vehicle performance. Hyundai Genuine Parts by Mobis India are engineered in accordance with the standards and specifications of Hyundai Motor Group to meet original manufacturing standards. They offer Safety, Quality, Reliability, Durability and are Guaranteed to Fit with Hyundai vehicles. By encouraging awareness, we aim to instil confidence among people choosing Hyundai Genuine Parts every time.

Sharing his views on the campaign, Mr. Lee Myeong Jae (Head of After Sales Parts Business Division at Mobis India Limited) stated that the campaign reflects Mobis India Limited’s, continued commitment towards customer safety and that trust remain fundamental to Mobis India’s vision. He further highlighted that this initiative aims to sensitise Hyundai car owners about risks associated with counterfeit parts while reinforcing long term value of choosing Hyundai Genuine Parts.

He further added that Mobis ensures all genuine parts undergo quality testing to deliver durability, safety and perfect compatibility with vehicles. He also encouraged customers to stay vigilant and always verify authenticity of parts to ensure reliable performance and complete peace of mind.

About Mobis India: 

Mobis India Limited is wholly owned subsidiary of Hyundai Mobis Co. Ltd. based in South Korea. Mobis India focuses on autonomous driving, connectivity and electrification to be leader in the era of smart mobility. Based on three modular auto components (i.e. chassis, cockpit and front-end), we work to make driving safer and easier and also offer service parts that can best serve the purpose.

Mobis India supplies After-sales Parts and Accessories, through a network of its Hyundai Authorized Dealers and own authorised distributors across PAN India.

Mobis India’s strength in the After-Sales Parts business lies in the strong bond between its fully integrated (forward & backward) supply chain solutions, vendor base, Pan-India Dealers & Distributors Network and the end customers. With its global expertise, Mobis India has upgraded the Dealers & Distributors network to a highly efficient and sustainable network, with the aim to provide World-class Service quality to the Hyundai Customers. For further information, please visit www.hyundaimobisin.com.

Over 90% of Payments in 10 Minutes: Sber Accelerates Russian-Indian Trade

Over 90% of Payments in 10 Minutes: Sber Accelerates Russian-Indian Trade

St. Petersburg [Russia], June 5: Among the areas are launching factoring for Indian MSMEs, developing technology bridges in AI, and creating a sustainable infrastructure for settlements in national currencies.

A New Stage of Financial Cooperation

Since April 1, 2026, Indian microenterprises, small and medium-sized companies (MSMEs) have gained access to Sber’s factoring services. The service, fully compliant with local legislation, allows companies operating with deferred payment terms of up to 180 days to quickly obtain working capital against the assignment of receivables without collateral.

Alexander Vedyakhin, First Deputy Chairman of the Executive Board of Sberbank:

“According to forecasts, by 2030 India will be among the world’s three largest economies, and such flexible financial instruments are critically necessary”.

Sber’s corporate clients in India can now open rupee deposit accounts online with interest rates of up to 7% per annum, as well as use them as collateral for loans. The total number of rupee accounts has grown by more than 60% over the past year.

Technological Sovereignty and AI

In the interview, Alexander Vedyakhin paid special attention to cooperation in the field of artificial intelligence. Sber views India as a strategic BRICS+ partner: in the IT hub in Bangalore, more than 250 engineers, together with their Russian colleagues, are developing world-class AI products.

Alexander Vedyakhin, First Deputy Chairman of the Executive Board of Sberbank:

“Sber is deeply immersed in India’s AI ecosystem, and we see a number of opportunities where our solutions and expertise can strengthen the business of local companies. We are working with them to develop joint business models and optimal partnership formats. We are confident that by working together in developing applied solutions based on GenAI and actively exchanging experience and competencies, we can make significant progress in building sovereign solutions. Such solutions must be adapted to the needs of citizens and businesses in our countries while simultaneously ensuring reliability and security, especially when used in critical processes”.

Rupee Settlements and Trade Support

The issue of stuck rupees, which was relevant several years ago, has been completely resolved. Conversion is possible in any volume. Sber has launched rupee-denominated lending for importers and joint ventures, as well as export financing for shipments of Indian pharmaceuticals, machinery, and consumer goods to Russia.

Currently, over 90% of payments from Russia to India are processed online in less than 10 minutes. The Business Development service, launched in 2024, has already generated about 3% of the bilateral trade market, with transaction volumes in 2026 increasing 10-fold compared to last year.

New Office in Delhi and Educational Projects

Sber’s immediate plans include opening a modern office in Delhi. Preliminary lease agreements are now being signed for a complex under construction, where the bank’s smart technologies will be applied.

Last year, to support entrepreneurs, Sber, in partnership with HSE University, launched an educational program on the specifics of business culture in the two countries. A guide for Indian companies interested in localizing their business in Russia was also published, and the Russia Executive Business Program for managers from India was launched.

Foundation Gift Launches Its Father’s Day 2026 Gift Collection

Foundation Gift Launches Its Father’s Day 2026 Gift Collection

Handpicked gifts for every kind of dad: spiritual, sentimental, stylish, and personalised

Father’s Day is June 21, 2026. And if you’re still figuring out what to get him, you’re not alone. Most of us are. The hardest part isn’t the budget. It’s finding something that actually feels right for a man who would never ask for anything in the first place.

Foundation Gift, Mumbai’s homegrown personalised gifting brand, has launched its Father’s Day 2026 collection. Four gifts handpicked for all kinds of fathers. All under Rs. 1,600. Every single one made to feel personal.

The brand has been around long enough to earn over 3,300 verified five-star reviews, and its strength is simple: laser-engraved customisation on premium stainless steel jewellery, shipped in ready-to-gift packaging, delivered in 3 to 5 days. No assembly required. No awkward gift wrap.

The Father’s Day 2026 Collection

1. Hanuman Gold Plated Pendant Rs. 799

Hanuman Gold Plated Pendant by Foundation Gift | Shop Now

Some dads don’t need gadgets. They need something that means something.

This 22K gold-plated pendant features Lord Hanuman, a symbol of strength, protection, and devotion. It’s made from stainless steel with an anti-tarnish coat, so it’ll stay gold for years, not weeks. Water-resistant too, so he can wear it daily without a second thought.

Think about it. Hanuman is everything a father is. Fierce, loyal, selfless. Gifting this pendant on Father’s Day isn’t just giving jewellery. It’s telling him you see who he is. Comes with a premium chain in an elegant gift box. Ready to hand over the moment it arrives.

Price: Rs. 799 | Shop the Hanuman Pendant

2. Custom Personalised Car Keychain Rs. 999

Custom Personalised Car Keychain by Foundation Gift | Shop Now

Foundation Gift’s all-time bestseller. Nearly 1,900 reviews. Rated 4.7 stars. That’s not a coincidence.

This is a laser-engraved keychain made with your dad’s name and his car’s number plate. Sounds simple. But the moment he holds it, he gets it. It’s him. His car. His thing. Every single morning when he grabs his keys, he sees it.

Works for every car on Indian roads. Thar, Fortuner, Swift, Nexon, i20, Creta, you name it. If he drives it and loves it, this keychain fits perfectly. One of those Father’s Day gifts that doesn’t sit in a drawer. It gets used every single day.

Price: Rs. 999 | Shop the Car Keychain

3. I Love You Papa Bracelet 899

I Love You Papa Bracelet (inside engraving) by Foundation Gift | Shop Now

This one hits different.

It’s a gold-toned cuff bracelet in stainless steel, adjustable to fit any wrist. Nothing fancy on the outside. But flip it over and there it is, laser-engraved in permanent letters on the inside: I LOVE YOU PAPA.

He’ll wear it and nobody else will know what it says. But he will. And he’ll feel it every time he puts it on. That’s the whole point. Some of the most important things between a parent and a child never need to be said out loud. They just need to be there, close to him, always.

22K gold-plated, fully adjustable, 12-month warranty on shine. Originally Rs. 2,499, available now at Rs. 899. Genuinely one of the most meaningful Father’s Day gifts for papa you’ll find in India this year.

Price: Rs. 899 | Shop the Papa Bracelet

4. Regal Chain Personalised Bracelet 1,549

Regal Chain Personalised Bracelet by Foundation Gift | Shop Now

For the dad who carries himself well. The Regal Chain Bracelet is bold, premium and personalised. A chunky chain-link design in 22K gold-plated stainless steel with his name engraved right on the front.

It doesn’t whisper. It makes a statement. And yet because it has his name on it, it’s deeply personal at the same time. That combination is rare in gifts at this price point.

Available in three colours, Gold, Silver and Black, so it suits every personality. Adjustable, anti-tarnish, 12-month warranty. The most stylish unique Father’s Day gift for men in the collection this year.

Price: Rs. 1,549 | Shop the Regal Chain Bracelet

“Dads rarely ask for anything. That’s exactly why what you give them matters so much. We built this collection for every kind of father. The spiritual one, the car guy, the quiet hero, the one who carries your name in everything he does.”
Team Foundation Gift, Mumbai

Ordering in Time for June 21

Father’s Day 2026 is June 21. Foundation Gift dispatches in 24 to 48 hours and delivers pan-India in 3 to 5 working days. Order by June 16 to be safe. Tracking is shared via WhatsApp and email once shipped. COD is available across India, and for those ordering from abroad for dad back home, they ship internationally to 20+ countries too.

Every order arrives in premium packaging, ready to hand over as a gift. No wrapping needed. 14-day hassle-free returns. 12-month warranty on all jewellery.

Browse the full Father’s Day collection:
foundationgift.com/collections/fathers-day-gifts
Free shipping on prepaid orders | COD available | 14-day returns

About Foundation Gift

Foundation Gift is a Mumbai-based personalised gifting brand run by ADAK & KOLEY PRIVATE LIMITED (GST: 27AAXCA9888N1Z6), 44-B, 408, Manish Nagar, 4 Bungalows,

Andheri West, Mumbai 400053. The brand specialises in laser-engraved keychains, bracelets, necklaces, spiritual jewellery and gift hampers, all designed to make gifting personal and memorable. With 3,300+ verified reviews and delivery to 20+ countries, it’s one of India’s most trusted personalized gifting stores.

Media Contact

Foundation Gift | support@foundationgift.com
Website: www.foundationgift.com