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    Trane Technologies Reports Strong Second Quarter Results; Raises Full-Year Revenue and EPS Guidance
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    August 3, 2026
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    Forward-looking financial disclosure raises revenue and earnings guidance while describing non-GAAP measures, capital allocation, and material business risks.
    Financial performance reporting identifies increased bookings, revenue growth, continuing earnings, and backlog, with segment-level operating and margin measures. The release addresses cash flow, capital allocation through dividends, acquisitions and share repurchases, and increased full-year revenue and earnings guidance. Forward-looking statements concerning financial performance, operations, demand, liquidity and capital deployment are subject to identified risks and uncertainties. Non-GAAP measures are presented as supplemental to GAAP measures, with definitions and reconciliations stated to be available in accompanying materials.
    August 3, 2026
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    Counterfeit drug enforcement targets illicit manufacture, storage and trafficking networks, with coordinated seizures and referral of non-narcotic stock.
    Counterfeit-drug enforcement under Operation Vajra addressed an inter-state network involved in the illicit manufacture, storage and distribution of narcotic drugs, psychotropic substances and spurious pharmaceutical products. Searches of unregistered godowns recovered narcotic products, unauthorisedly manufactured Buprenorphine injection ampoules, and counterfeit non-NDPS medicines. A farmhouse-based illicit manufacturing facility was dismantled, with machinery, chemicals and related materials seized under the NDPS Act, 1985.
    August 3, 2026
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    Anti-smuggling enforcement targets concealed gold, narcotics, protected products, prohibited e-cigarettes and restricted imports through coordinated intelligence operations.
    Intelligence-led anti-smuggling operations resulted in seizures of foreign-origin gold, narcotic drugs, hydroponic weed, protected wildlife and forest products, prohibited electronic cigarettes, and restricted poppy seeds and areca nuts. The operations identified concealment through fabricated baggage cavities, false cargo declarations, misdeclaration of origin, forged documentation, and concealment in transport vehicles. Poppy seeds are restricted under the Foreign Trade Policy and may be imported only subject to conditions concerning legally cultivated produce from designated countries and registration of import contracts with the Narcotics Commissioner.
    August 3, 2026
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    Tax devolution advance instalment strengthens State finances for accelerated capital and developmental expenditure through distribution of Union tax proceeds.
    Tax devolution was released to State Governments as an additional advance instalment alongside the normal monthly devolution schedule. The fiscal transfer shares net proceeds of Union taxes and duties with States, with the stated purpose of strengthening State finances and supporting accelerated capital and developmental expenditure. The release includes a State-wise distribution of tax-devolution proceeds.
    August 3, 2026
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    Financial performance reporting highlights revenue and EBITDA growth, garmenting recovery, retail optimisation, ESG commitments, and forward-looking risk disclosures.
    Financial performance reflects growth in total income and EBITDA, with improved margin, reduced net working-capital days, and a net-cash position. Branded textiles and high-value cotton shirting reported lower revenue due to the prior-year base effect, while branded apparel grew but faced lower margin from channel mix. Garmenting improved through order-book execution, tariff rationalisation, and new global clients. ESG priorities include female representation, waste-management initiatives, renewable energy, emissions reduction, and workplace safety. Forward-looking statements remain subject to regulatory, political, economic, and technological risks.
    August 3, 2026
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    Foreign exchange market support strengthens the rupee as lower crude prices, portfolio inflows and reserve growth improve sentiment.
    Foreign exchange market conditions supported an early appreciation of the rupee against the US dollar, attributed to lower global crude oil prices, a weaker dollar, sustained foreign portfolio inflows, higher foreign exchange reserves, and Reserve Bank of India presence in the foreign exchange market. Domestic equity market gains and net foreign institutional equity purchases were also identified as supporting factors.
    August 2, 2026
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    Gold smuggling detection targets sophisticated concealment methods through strengthened passenger profiling, intelligence gathering and coordinated investigations into organised networks.
    Gold smuggling detection at Kerala airports led to multiple seizures, registration of cases and arrests in alleged smuggling attempts. Organised networks reportedly use gold in paste or compound forms concealed in clothing, body cavities, aircraft seats and other unconventional locations. Enforcement measures include strengthened passenger profiling, intelligence gathering and inter-agency coordination, while investigations continue to identify associated syndicates and financiers.
    August 2, 2026
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    Offshore exploration funding supports deepwater drilling, shared infrastructure and seismic data to strengthen domestic hydrocarbon production potential.
    The Samudra Manthan National Offshore Exploration Scheme provides direct budgetary support for high-risk deepwater and ultra-deepwater exploratory drilling, subject to cost-sharing and per-well limits. Support is available to eligible operators holding or securing exploration acreage. The scheme also funds offshore data acquisition and shared subsea, receipt and processing infrastructure through a Common Hub Infrastructure model. It is intended to promote risk exploration, improve commercialisation of offshore discoveries and strengthen domestic hydrocarbon production potential within the existing exploration and licensing framework.
    August 1, 2026
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    GST compliance enforcement combines taxpayer refunds, analytics-based fraud detection, cancellation of fake registrations, and recovery of outstanding VAT arrears.
    Punjab attributed increased GST collections to voluntary compliance, intelligence-based enforcement and technology-driven tax administration, while facilitating compliant taxpayers through timely GST refunds. Data analytics, risk profiling and field verification were used to identify tax evasion, bogus billing, fake input tax credit networks and misuse of the GST registration framework. Measures included penalties, cancellation of fraudulent registrations and recovery of long-pending VAT arrears through attachment and auction of defaulters' properties.
    August 1, 2026
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    Cross-border barter trade resumes through Shipki La, subject to permitted goods, time limits, and import-export compliance requirements.
    Cross-border barter trade through Shipki La between India and Tibet resumed after a six-year interruption. Traders may exchange specified goods under a barter arrangement and must return within 72 hours. Traders are required to comply strictly with import-export regulations prescribed by the Union Ministry of Commerce, emphasising transparency and regulatory compliance. Expansion of permitted goods may be pursued through prescribed governmental and external-affairs channels.
    August 1, 2026
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    Export growth projections outline pathways for Odisha to expand merchandise trade through export diversification, MSME support and financing initiatives.
    Export growth projections for Odisha set out base, optimistic and ambitious scenarios through FY 2029-30, based respectively on historical growth, envisaged national export growth, and a larger share of national exports. Odisha's export basket remains concentrated in metals and minerals, led by aluminium products, with China as the principal export destination. Odisha Vision 2047 identifies exports, including MSME contributions, as an economic transformation driver, while export-financing and risk-mitigation initiatives aim to address financing gaps for exporters and MSMEs.
    August 1, 2026
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    GST compliance enforcement through AI analytics supported sustained net GST collection growth despite rate rationalisation reforms and reduced compliance costs.
    GST revenue mobilisation in Andhra Pradesh showed year-on-year growth in net GST and total commercial tax collections through July 2026, despite rate-rationalisation reforms. Revenue growth was attributed to AI-based scrutiny and analytics, machine-learning risk scoring, AI-driven IGST reversals, UPI-based enforcement analytics, data sharing, predictive analytics, registration verification, and Aadhaar-integrated expansion of the professional-tax base. These measures were stated to strengthen compliance, curb wrongful input tax credit claims, broaden taxpayer coverage, and improve revenue mobilisation.
    August 1, 2026
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    Economic-offences fraud chargesheets address alleged fictitious loans, forged insurance surrender papers, and diversion of bank and policy funds.
    Economic-offences chargesheets were filed in separate alleged bank and insurance fraud matters. The bank investigation alleged fictitious loan sanctions and overdrafts beyond delegated authority, involving cheating, forgery, use of forged documents and criminal conspiracy. The insurance investigation alleged that duplicate policy records and forged surrender documents were used to open a fraudulent account in a policyholder's name and divert policy proceeds. Records, witness statements, documentary evidence and forensic examination were cited in support of the allegations.
    August 1, 2026
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    PM Vishwakarma Scheme implementation expands artisan enrolment, skills, credit, e-commerce access and export facilitation while addressing documentation barriers.
    PM Vishwakarma Scheme implementation in Delhi facilitated artisan enrolment, application processing, skill training, toolkit distribution, loan access, e-commerce onboarding and export-related support. Awareness workshops and tele-calling campaigns were used to promote participation and follow up on benefits. Key implementation challenges concerned outreach to informal clusters, digital literacy, delays in Aadhaar and IEC documentation, and additional support for Divyang artisans. Planned action includes expanding workshops, scaling e-commerce onboarding, strengthening export facilitation and coordination with implementing agencies.
    August 1, 2026
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    Goods and Services Tax collections rise on domestic consumption and imports, while elevated import revenue prompts assessment of underlying drivers.
    Goods and Services Tax collections for July increased over the corresponding prior-year period, supported by domestic sales and imports. Gross receipts included Central GST, State GST and Integrated GST, with net GST revenue calculated after adjusting refunds. For the April-July period, gross and net collections also increased. Commentary linked domestic GST growth to consumption, formalisation and industrial activity, while identifying elevated import GST collections as an area requiring assessment of import composition, currency effects and volumes.
    August 1, 2026
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    GST revenue collections show provisional gross, refund and net revenue trends, with State-wise settlement and domestic collection data.
    GST revenue collections for July 2026 are reported provisionally through gross domestic and import revenue, domestic and export-related refunds, and net GST revenue after refunds. The data also sets out SGST collections and the SGST share of IGST settled to States and Union Territories, both monthly and cumulatively. State-wise domestic GST growth excludes GST on imported goods, while jurisdiction-wise data allocates collections between central and State formations and identifies CGST, SGST and IGST components.
    August 1, 2026
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    Bilateral trade cooperation expands through a Joint Trade Committee covering investment, critical minerals, healthcare, digital technologies and market access.
    Bilateral trade and investment cooperation between India and Rwanda is to be advanced through a structured Joint Trade Committee mechanism for reviewing commerce, diversifying trade, promoting investment, facilitating business engagement and addressing market-access and logistical issues. Priority cooperation includes critical minerals, pharmaceuticals and healthcare, agriculture and agro-processing, standards harmonisation, digital public infrastructure, fintech, cybersecurity, green mobility and renewable energy. Investment focal points will support engagement, while capacity-building assistance and close monitoring of the Agreed Minutes are intended to support time-bound implementation.
    August 1, 2026
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    GST collection growth in West Bengal continued year-on-year in July but remained below the national growth trend.
    West Bengal's July GST collection increased year-on-year and over the preceding month, marking a second consecutive month of annual growth. Official data also indicated that the State's annual growth rate was below the national trend, while gross domestic GST revenue excluding imports and overall gross GST collections including import-related taxes rose nationally during July.
    August 1, 2026
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    GST collection growth reflects higher revenue mobilisation from domestic transactions and imports, with refunds adjusted in net revenue.
    Goods and Services Tax collections increased in July, driven by higher revenue from domestic transactions and imports. The gross collection comprised Central GST, State GST and Integrated GST components. Refunds also increased during the month, and net GST revenue was determined after adjustment of refund outflows from gross tax receipts.
    August 1, 2026
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    Concessional foreign-exchange swaps encourage bank deposits and foreign borrowings to strengthen balance-of-payments resilience and foreign-exchange liquidity.
    The Reserve Bank of India introduced a concessional foreign-exchange swap facility to encourage foreign-currency inflows, strengthen the balance of payments and support foreign-exchange liquidity. The facility applies to fresh Foreign Currency Non-Resident (Bank) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings. Foreign Currency Non-Resident (Bank) deposits constitute the principal source of inflows mobilised under the arrangement. The facility is available for specified time-bound periods, with a later availability period for Overseas Foreign Currency Borrowings and External Commercial Borrowings.

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      Chandigarh University Lucknow to work onto realizing the vision of PM Modi to make Bharat a Global Hub in AI

      January 6, 2025

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      Chandigarh University Lucknow to Offer Multidisciplinary AI-augmented Education in 43 Programs From the 2025-26 Academic Session AI-augmented Chandigarh University Uttar Pradesh Campus, at India's First AI City in Lucknow SCR, to Revolutionize the Country's Education Landscape LUCKNOW, India, Jan. 6, 2025 /PRNewswire/ -- Chandigarh University (CU), India's number 1 private university, announced the establishment of the first-of-its-kind Artificial Intelligence (AI) enabled next-gen futuristic campus at Unnao in Lucknow State Capital Region (SCR) of Uttar Pradesh, to provide AI-augmented multidisciplinary education tailored to the evolving needs of 21st-century learners.

      The AI-augmented Chandigarh University Uttar Pradesh Campus at India's first AI City in Lucknow SCR will revolutionise the country's educational landscape, with 43 AI-augmented futuristic undergraduate and postgraduate programs. By embracing a multidisciplinary education model enriched by AI integration, these programmes will be offered across six streams, including Engineering, Business Administration, Health and Life Sciences, Humanities, Liberal Arts and Legal Studies from the 2025-26 academic year. The Uttar Pradesh government had earlier issued an 'Authorization Letter' to Chandigarh University for its AI-integrated campus at Unnao in Lucknow SCR.

      This information was shared at a Press Conference at the PHD Chamber of Commerce and Industry where Uttar Pradesh Higher Education Minister Yogendra Upadhyay launched the Chandigarh University Lucknow web portal and prospectus for the 2025-26 academic session, in the presence of Member of Parliament (Rajya Sabha) and Chandigarh University Chancellor Satnam Singh Sandhu; Mukesh Jain, Executive Vice President, Capgemini; CU Pro Chancellor Prof Himani Sood and CU Managing Director Jai Inder Singh Sandhu.

      Uttar Pradesh Higher Education Minister Yogendra Upadhyay said that under the leadership of Chief Minister Yogi Adityanath, Uttar Pradesh has become a key growth engine for the nation's development.

      "Uttar Pradesh is on track to become a USD 1 trillion economy within the next five years as the state's GDP is projected to reach Rs 32 lakh crore by March 2025, positioning it as the fastest-growing economy in India and creating employment opportunities for 1.5 crore youth. In the past seven years, the state's economy, GDP, and per capita income have more than doubled due to the double engine government," he said.

      Upadhyay said that Uttar Pradesh is becoming an educational hub in higher education, with the establishment of 16 new universities and over 250 colleges in underserved regions over the past seven years, under CM Yogi Adityanath's leadership.

      "It is a proud moment for us that the Chandigarh University has established its AI-enabled campus in Uttar Pradesh. The timing of launching an AI-integrated university in Uttar Pradesh could not be more ideal as the state government is already establishing India's first AI City in an area of over 70 acres in Lucknow. While the state government has allocated Rs 500 crore for computing infrastructure, including 10,000 GPUs and AI centre in Lucknow, the first phase of the AI city project has already attracted preliminary commitments of Rs 2,500 crore from private technology companies and venture capital firms. Funding for local startups in the AI and deep-tech space has increased by a massive 40 per cent over the past 18 months, which shows investor confidence in AI. As a hub for the AI ecosystem, the AI City in Lucknow will open doors to 50,000 direct and indirect jobs for youth in AI over the next five years," the Minister said.

      Upadhyay said that Chandigarh University's AI-integrated campus perfectly aligns with the UP government's ambitions for AI-driven growth by preparing the skilled manpower.

      "The arrival of a world-class education provider like Chandigarh University means that students in Uttar Pradesh can now access quality learning without having to leave their home state, making education more accessible and affordable for all," he added.

      Member of Parliament Satnam Singh Sandhu said, "As Prime Minister Narendra Modi recognises the transformative power of AI, India was one of the first countries to develop a comprehensive strategy through the National Strategy for Artificial Intelligence. India has shown its commitment to work on this vision by becoming the first country to establish a dedicated IndiaAI Mission, which is the first of its kind in the world with a budget outlay of Rs 10,371.92 crore to accelerate the adoption and integration of AI technologies across the country for innovation, economic growth, and job creation in the digital age. Chandigarh University Lucknow is committed to realize the vision of our Prime Minister in making Bharat the Global Leader in Artificial Intelligence." The Rajya Sabha MP said that India, as the fastest-growing economy with the second-largest population in the world, has a crucial stake in the ongoing AI revolution, and Uttar Pradesh has taken a big step in this direction by establishing India's first AI City in Lucknow.

      He said that AI is revolutionizing education worldwide by introducing new forms of teaching and learning, Chandigarh University's Uttar Pradesh Campus in India's first AI City will transform the country's educational landscape in alignment with Prime Minister Modi's vision that India's youth should be equipped with the necessary skills in emerging technologies like AI.

      "As the Chancellor of Chandigarh University, I convey my sincere gratitude to Chief Minister Yogi Adityanath ji for extending pro-active support for the establishment of the Chandigarh University Campus in Uttar Pradesh. Uttar Pradesh has been playing a key role in making Prime Minister Narendra Modi's Atma Nirbhar Bharat campaign a success and contributing to the nation's goal of achieving a $5 trillion economy for becoming a Viksit Bharat by 2047.With tremendous growth in various sectors, Uttar Pradesh has emerged as the next growth engine for India," the MP added.

      Mukesh Jain, Executive Vice President, Capgemini (a French multinational IT and consulting company), said that AI stands at the forefront of technological advancements globally, with the potential to revolutionize industries, economies, and societal structures.

      Debunking the myth that AI will lead to widespread job loss, Jain said, "In reality, AI has the potential to not only transform existing jobs but also create new opportunities. AI is poised to drive job creation, with an estimated 47 lakh new positions in tech-related fields expected to emerge in India by 2028." He said that the demand for AI professionals remains high with annual growth rates ranging from 14 percent to 47 percent. "Around 75 percent of Indian enterprises are already seeing a positive return on their AI investments, reflecting the significant impact of this technology on business performance. Indian companies are increasingly proactive in adopting AI, recognizing its potential to drive innovation and enhance operational efficiency," Jain added Jain said that the integration of AI in education equips students with the skills necessary to thrive in an AI-driven world, preparing them for future careers and empowering them to shape that future. "AI is not being considered just a computer science subject anymore; instead, it is to be taught to students and professionals in every field," he added.

      Chandigarh University Managing Director, Jai Inder Singh Sandhu, said that the Chandigarh University Common Entrance Test (CUCET 2025) portal is now open for registrations for those seeking admission to the Uttar Pradesh Campus of the university in the 2025-26 academic year.

      "CUCET is a national-level entrance and scholarship test that recognizes academic excellence and provides financial assistance of up to 100 per cent through scholarships. During the 2025-26 academic session, scholarships worth Rs 40 crore will be awarded to students at the Chandigarh University Uttar Pradesh Campus. Additionally, the university will offer the Rs 3 crore 'CV Raman Scholarship' to support students pursuing careers in scientific research," he said.

      Jai Inder Singh Sandhu added, "Founded by visionary leaders from diverse sectors, the Chandigarh University Uttar Pradesh Campus offers an intelligent education system designed to empower the next generation. Going beyond the traditional STEM (Science, Technology, Engineering, and Mathematics) fields, the university has incorporated AI across streams including engineering, management, social sciences, law, and humanities, providing 21st-century learners with a comprehensive understanding of global issues and preparing them to become key contributors to the AI-driven workforce." Ever since its inception in 2012, Chandigarh University has consistently led the way, securing top rankings among private universities in India. Chandigarh University was ranked number 1 among India's private universities in the QS Asia University Rankings 2025. Chandigarh University was also ranked 20th among India's all government and private universities in the NIRF Rankings 2024.

      About Chandigarh University Uttar Pradesh (Lucknow) Envisioned to foster a culture of sustainability and empower future global leaders, Chandigarh University, Uttar Pradesh, immerses 21st-century learners in a personalised and experiential learning experience, integrating an AI-powered academic model and a multidimensional, futuristic perspective on education.

      Our Uttar Pradesh campus carries forward the venerable legacy of more than a decade of Chandigarh University, Punjab, which has established itself as India's No. 1 Private University and a torchbearer of groundbreaking pedagogy and research-driven innovation. The AI-augmented new campus offers a broad spectrum of industry-driven futuristic academic programs encompassing data-driven insights, virtual reality experiences, real-world simulations, corporate mentorship, international perspective, interdisciplinary research, cultivation of entrepreneurial spirit, and professional competencies.

      https://www.culko.in/ Photo: Embedded Media (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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