🇮🇳 National News
The Central Consumer Protection Authority (CCPA) imposed a ₹3 lakh penalty on VLCC Limited for running misleading advertisements related to CoolSculpting (fat-freezing treatments).
Notably, Kaya Limited had earlier been fined the same amount for similar false claims.
- “Lose up to 600g and 7 cm in 1 session”
- “Drop 1 size in 1 session permanently”
- “Drop one size in one hour”
- “With Lipolaser Lose 6 cm and 400g in one session”
CCPA’s findings: CoolSculpting is only approved for localized fat reduction, and strictly for individuals with BMI ≤ 30, not as a permanent weight-loss solution.
Prime Minister Shri Narendra Modi will inaugurate the fourth edition of SEMICON India 2025 on 2nd September 2025 at Yashobhoomi (India International Convention and Expo Centre), New Delhi.
The event will bring together global semiconductor leaders, industry experts, academia, policymakers, and students.
- 10 major projects approved in:
- High-Volume Fabrication Units (Fabs)
- 3D Heterogeneous Packaging
- Compound Semiconductors (e.g., Silicon Carbide – SiC)
- Outsourced Semiconductor Assembly and Test (OSATs)
Reinforces India’s ambition of emerging as a semiconductor powerhouse.
💼 Business & Economy
OpenAI, the developer behind ChatGPT, has revealed plans to set up its first office in India by the end of 2025.
The new office will be located in New Delhi.
- Collaborate with the Indian government
- Contribute to the IndiaAI Mission
- Engage India’s community of students, educators, professionals, and developers
The Delhi office is expected to serve as a central hub for engaging India’s expanding AI ecosystem.
On August 22, 2025, during AMFI’s 30th Foundation Day in Mumbai, the Department of Posts (DoP) and the Association of Mutual Funds in India (AMFI) entered into a strategic MoU.
- India Post will act as a distributor for mutual fund investments
- Specifically benefits rural and semi-urban populations
- Advances financial inclusion
Key signatories: Ms. Manisha Bansal Badal (GM, DoP) and Shri V N Chalasani (CEO, AMFI).
Signing took place in the presence of Shri Tuhin Kanta Pandey, Chairman of SEBI.
According to RBI data for the week ending August 15, 2025, India’s foreign exchange reserves surged by $1.49 billion, reaching a new total of $695.11 billion.
| Component | Change | Current Value |
|---|---|---|
| Foreign Currency Assets (FCA) | +$1.92 bn | $585.90 bn |
| Gold Reserves | -$493 mn | $85.67 bn |
| Special Drawing Rights (SDRs) | +$41 mn | $18.78 bn |
| IMF Reserve Position | +$15 mn | $4.75 bn |
👔 Appointments
The Government of India has appointed Anish Dayal Singh, a 1988-batch IPS officer from the Manipur cadre, as Deputy National Security Advisor (NSA) to Prime Minister Narendra Modi.
- Former Chief of the CRPF
- Over three decades of expertise in internal security, border management, and intelligence operations
- Will report directly to NSA Ajit Doval
The appointment strengthens the national security and intelligence framework.
🔬 Science & Technology
The James Webb Space Telescope (JWST), operated by NASA, has discovered a new natural satellite of Uranus, temporarily designated S/2025 U1.
| Discovery Details | Information |
|---|---|
| Discovery Date | February 2, 2025 |
| Team | Southwest Research Institute (SwRI) |
| Size | ~10 km diameter |
| Orbit Distance | 56,000 km from Uranus |
The International Astronomical Union (IAU) will later assign an official name.
Saturn now has the highest number of moons (274) after 128 new satellites were identified in March 2025.
🏅 Sports News
Indian shooter Aishwary Pratap Singh Tomar clinched the gold medal in the men’s 50m rifle three-position event at the 16th Asian Shooting Championship 2025, held in Shymkent, Kazakhstan.
His win contributes to India’s growing medal tally in shooting, a sport in which the country continues to excel globally.
Veteran Indian Test cricketer Cheteshwar Pujara has announced his retirement from all forms of cricket.
Pujara was often hailed as “India’s modern wall” for his resilience and consistency.
He was a key factor in India’s historic first-ever Test series win in Australia.
NorthEast United FC successfully defended their Durand Cup title, defeating debutants Diamond Harbour FC with a resounding 6-1 victory.
The 134th edition final was held at the Vivekananda Yuba Bharati Krirangan in Kolkata.
NorthEast United became the first team in 25 years to retain the title.
The win further solidifies their dominance in Indian football.
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