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    Rupee rises for 6th day, gains 12 paise to 95.31 against US dollar as crude drops
    ACE Software Posts Earnings Turnaround; Standalone Profit Before Tax Up 43% YoY
    Rajya Sabha passes bill to tackle payment delays faced by MSMEs amid Opposition protests
    MPC's 3-day meeting begins amid expectations of status quo on interest rates
    Trane Technologies Reports Strong Second Quarter Results; Raises Full-Year Revenue and EPS Guidance
    CBN dismantles inter-state counterfeit drug network in Bihar under Operation Vajra; mastermind arrested
    DRI seizes quantities of gold; drugs, e-cigarettes and other contraband in pan-India Ops; 20 persons, including 5 foreign nationals, arrested
    Union Government releases tax devolution of ₹1,09,019 crore to State Governments, as one advance instalment to accelerate their capital and deve...
    Raymond Lifestyle Limited Delivered a stable Q1 FY27 Performance
    Rupee rises 31 paise to 95.12 against US dollar in early trade
    Customs seizes 8 kg gold worth over Rs 11 cr at Kerala airports in one week
    Drill, Baby, Drill: India to fund Rs 650 cr per well for 60 deepsea wells to break its oil import habit
    Punjab GST revenue rises 20 pc to Rs 10,447 crore in April-July: Cheema
    India-China trade through Shipli La resumes after six years
    Odisha's export can reach USD 50 billion by FY 2029-30: Study
    Andhra records 21 per cent growth in net GST collections till July
    J&K crime branch chargesheets accused in separate bank, insurance fraud cases
    MCD-facilitated PM Vishwakarma Scheme enrols over 41,000 artisans in Delhi
    Gross GST mop-up grows 15.4 pc to over Rs 2.11 lakh cr in July on higher imports, sales
    Gross and Net GST revenue collections for the month of July, 2026
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    August 3, 2026
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    Foreign exchange market movement strengthened the rupee as lower crude prices, investment inflows and improved risk sentiment provided support.
    Foreign exchange market movement saw the rupee strengthen for a sixth consecutive trading session against the US dollar, supported by declining global crude oil prices, a softer dollar, foreign institutional investment inflows and gains in domestic equity markets. Improved global risk sentiment followed the decision to defer planned US military strikes against Iran and allow diplomatic engagement. Renewed geopolitical tensions were identified as a factor that could limit further appreciation.
    August 3, 2026
    Show AI Summary
    Quarterly financial performance reflects revenue growth, improved standalone profitability, and continued investment in AI-led digital technology platforms.
    Quarterly financial performance reported revenue growth in standalone and consolidated operations, higher standalone profit before tax, and a return to consolidated profitability. The company continues to invest in an AI-led, intellectual-property-driven digital technology strategy through enterprise software, SaaS platforms, digital commerce, cloud, data and AI solutions. Its priorities include scalable platforms, proprietary technology assets, recurring-revenue offerings, partnerships and selective acquisitions. Complete financial results, notes to accounts and regulatory disclosures are available through exchange filings and the company website.
    August 3, 2026
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    MSME delayed-payment reforms strengthen award recovery, faster dispute adjudication, invoice discounting, and interim supplier payment protection.
    MSME delayed-payment reforms seek faster adjudication, strengthened recovery and improved liquidity for enterprise suppliers. Courts may direct payment of at least half of an awarded amount where a setting-aside application remains pending beyond six months. Mediated settlements and arbitral awards may be recovered as arrears of land revenue and recognised as legally enforceable debts under the insolvency framework. The measures also provide graded penalties, voluntary digital registration, invoice settlement through the Trade Receivables Discounting System, and additional Facilitation Councils.
    August 3, 2026
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    Monetary policy rate setting remains cautious as inflation, liquidity, growth and global uncertainty shape the policy stance.
    Monetary policy rate setting is expected to remain cautious amid global uncertainty, rising inflation risks and steady domestic growth. The inflation outlook is affected by energy-price pass-through, higher input costs, and seasonal and monsoon-related food-price pressures. Policy decisions are expected to remain data-dependent, guided primarily by domestic inflation, liquidity conditions and economic growth. A cautious or neutral stance is identified as preferable while external risks and inflation developments persist.
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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.

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      AI revolutionizing the supply chain, procurement and logistics sector, 4th SSCL Asia Convention and Exhibition 2025 launches in Sep 24-25, 2025 Singapore

      January 9, 2025

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      SINGAPORE, Jan. 9, 2025 /PRNewswire/ -- 4th Smart Supply Chain and Logistics Innovation Asia Convention & Exhibition 2025 (SSCL Asia 2025) is one of the largest and most influential supply chain, procurement and logistics innovation event in the APAC region organized by SSCL Innovation of SZ&W Group. The event is scheduled to take place on 24-25 September 2025 at Suntec Convention and Exhibition Center in Singapore, co-located with SSCL Asia Awards 2025.

      SSCL China 2025 SSCL Asia 2025 SSCL Indonesia 2025 SSCL Thailand 2025 SSCL Vietnam 2025 Date Location 15-16 May Shanghai, China 24-25 Sep Singapore 23-24 Oct Jakarta 20-21 Nov Bangkok 11-12 Dec Hochiminh City Attendees 10000+ 3000+ 500+ 800+ 600+ The 2025 edition of this event is set to be bigger and better than ever before with expected 3000+ senior attendees from manufacturers & retailers, 3PLs, technology and solution providers, industry associations, universities and other stakeholders to join. SSCL Asia 2025 has a larger event floor (4500+sqm) with 80+ exhibitors from all over the world to demonstrate the cutting-edge technologies and solutions and enhance brand visibility and prestige.

      The two-day event will bring together industry leaders including Gartner Global Supply Chain Top 25 such as Schneider Electric, Colgate-Palmolive, P&G, Lenovo, Pfizer, DIAGEO, innovators to address critical topics such as supply chain strategy in BANI era, green & sustainable supply chain, digital procurement, AI-driven supply chain, smart logistics & warehousing, multimodal transport & cross border transportation, cold chain with industries focused such like manufacturing, retail & E-commerce, electric vehicle, energy & chemical, pharmaceutical, including participation in the SSCL Strategic Summit, SSCL Gold Chain Awards, SSCL Live Exhibition and networking programs.

      Keynote Theater 1 Keynote Theater 2 Keynote Theater 3 Keynote Theater 4 Day 1 (23 Sep) Leading the Future: Unlocking the Potential of Supply Chain Ecosystem Digital Procurement Smart Logistics & Warehousing Multimodal Transport&Cross Border Transportation AI-Driven Supply Chain Day 2 (24 Sep) Smart manufacturing Supply Chain Retail & E-commerce Supply Chain Electric Vehicle Supply Chain Cold Chain Chemical Supply Chain Smart Pharmaceutical Supply Chain Part of our World-class speakers from Gartner Global Supply Chain Top 25 at SSCL Global Series: • Andy Yu, SVP Global Supply Chain, International, Schneider Electric • Jim Shi, Vice President of Supply Chain McDonald's China • Ashish Bansal, Senior Director - Global Sourcing, Asia Pacific, Colgate-Palmolive • Swathi Varun, Supply Chain Director, Southeast Asia, Diageo • Srinivas Sasubilli, Global Logistics Planning Leader, Pfizer • Navin Salian, Director APJ fulfillment & Logistics, Global Origin Fulfillment, Microsoft • Gareth Davies, Head of Global Logistics, Lenovo • Nilesh Y. Jadhav, Head, Energy Performance & Sustainability, Smart Infrastructure-RSS, APAC, Siemens • …… In addition, 3PLs leaders from global and local market such as DHL, Kuehne + Nagel, Ceva logistics, Singapore Post, JNE Express and etc will also be invited to present and provide their insights on the latest technological advancements and best practices with customer-centric in the logistics sector.

      SSCL Asia 2025 specially set "SSCL InnoPioneers Awards" that is designed to encourage technology innovation and business innovation potential of manufacturer & retailer, global logistic service provider (LSP), supply chain solution provider (SCP) for technological and business innovation.

      The award winners will be selected by a judging panel composed of professionals from industry associations, industry alliances, university, consulting firms and media partners who will discuss and evaluate the nominees, and through deliberation and voting, produce the final list of annual awardees, which will be announced and promoted through event platforms and media to the industry and society.

      SSCL InnoPioneers Awards 2025 Categories: • Sustainable Manufacturing Excellence Award • Smart Manufacturing Excellence Award • Smart Logistics Excellence Award • Smart Ecommerce Solutions Excellence Award • Smart Supply Chain solutions Excellence Award • Sustainable supply Chain Solutions Excellence Award • Resilience Logistics Service Provider Excellence Award • Resilience Security Service Provider Excellence Award • Supply Chain Influencer Award • Future Leader/Rising Star • Lifetime Achievement Award • Other titles to be announced SSCL Asia 2025 cover Singapore, Malaysia, Indonesia, Vietnam, Thailand, Philippines, India and etc, which has been a pivotal platform for industry leaders and experts must attend every year in the APAC region.

      Through a comprehensive program of expert-led sessions, interactive forums, live exhibition and strategic networking opportunities, SSCL Asia 2025 aims to empower participants with actionable insights and practical tools to navigate this transformative era.

      Register and learn more about the event at www.szwgroup.com/smart-supply-chain-and-logistics-innovation-asia/index.html Contact: Steven SONG, [email protected] Whatsapp (Wechat): +86 15900847496 Upcoming Event: SSCL China EXPO 2025 — 8th Smart Supply Chain and Logistics Innovation Expo China and 16th Shanghai International Logistics Festival • Date& Location: May 15-16, 2025, Shanghai, China • Scale: 10,000+ attendees, 300+ speakers, 150+ exhibitors, 100+ industry media partners • Format: SSCL Strategic Summit+SSCL LIVE Exhibition+ SSCL InnoPioneers Awards + SSCL National Supply Chain Management Innovation Elite Challenge • Industries: Manufacturing / Retail & FMCG / Pharmaceuticals and Medical Devices / Automotive Parts / Chemical Hazardous Materials / Food and Beverage / New Energy Lithium Batteries About SSCL Innovation (Smart Supply Chain & Logistics Innovation) An independent brand of SZ&W Group. Through our in-depth market research, diversified high-level events and huge customer database, we are aiming to connect China's and global Supply Chain and Logistics Practitioners and innovators to create the biggest Supply Chain & Logistics innovator community in the whole APAC region. SSCL helps decision makers cross industries to keep pace with the ever-changing industry trends and lead the industry developments with Conferences, Exhibition, Trainings, Workshops, Salons, 1-on-1 Meetings, Awards, Reports, News, and etc.

      SZ&W Group Established in 2008, SZ&W Group become a leading business intelligence and event integrated services provider in Asia, dedicating to spreading industry knowledge and business information worldwide, and building platform for the exchanges and cooperation between business decision makers. The company's headquarters is based in Shanghai and Los Angeles.

      With SZ&W Research, SZ&W Event, SZ&W Event Management, SZ&W Community, and other well-known market research and event brands, SZ&W Group stretches its businesses beyond China and Asia across the emerging economies in Middle East, Europe, Africa, South America, as well as some other regions, related industries such as Energy, Infrastructure, Utility, Retail, Finance, Automobile, Supply Chain&logistics, Food&Beverage, Legal&Compliance, Hi-Tech and etc. As the forerunner of business media and commercial activity organizer in Asia, SZ&W Group leads the industry forward.

      (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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