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    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
    India and Rwanda Hold First Joint Trade Committee Meeting to Deepen Bilateral Trade and Investment Cooperation
    West Bengal GST collection rises 2 pc in July to Rs 5,564 crore
    Gross GST collection kitty swells 15.4 pc to over Rs 2.11 lakh cr in July
    RBI says USD 40.82 bn mobilised under forex swap facility till Jul 31
    Sebi bars ZEEL for 2 months, Subhash Chandra, Punit Goenka for 1 year in Hyderabad land pledge case
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    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
    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
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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.
    August 1, 2026
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    Unauthorised pledge of listed-company land triggered securities-market bars for disclosure failures and misuse of management authority.
    Unauthorised pledge of ZEEL's Hyderabad land as security for loans obtained by promoter-linked entities was treated as a related-party transaction lacking prior audit committee approval. ZEEL failed to disclose the land's deployment in its financial statements. Its Chairman Emeritus was stated to have transferred title deeds by falsely representing management approval and to have concealed the transaction's nature. Securities-market prohibitions and monetary penalties were imposed with immediate effect.

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      Klüber Lubrication's Sustainable Solutions for Modern Mobility

      January 16, 2025

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      To showcase Specialized and Custom Lubricants for the Automotive Industry at Bharat Mobility Global Expo 2025 NEW DELHI, Jan. 16, 2025 /PRNewswire/ -- Klüber Lubrication, a global leader in specialty lubricants, is set to exhibit its state-of-the-art solutions at the Bharat Mobility Global Expo 2025, at Yashobhoomi – IICC, New Delhi. The company's booth, located in Hall 2 #N20, will showcase a range of advanced products designed to enhance automotive component performance and reliability. These innovations are set to reduce downtime, improve efficiency, and support the transition to a more sustainable future. By offering a comprehensive range of innovative lubricants, Klüber Lubrication continues to drive excellence and sustainability in the automotive industry.

      Empowering India's Automotive Future with "Make in India" Klüber Lubrication India proudly supports the "Make in India" initiative, strengthening local manufacturing capabilities and addressing the unique demands of the Indian automotive sector. Its advanced manufacturing facilities maintain the highest global quality standards, integrating cutting-edge technologies to meet local and international needs.

      "Our mission at Klüber Lubrication is to create products that align with our customer's needs while contributing to India's economic growth. By manufacturing in India, it allows us to reduce lead times, lower costs, and strengthen partnerships with local suppliers. 'Make in India' is more than a slogan for us—it is a core principle that drives us to empower local resources, foster self-reliance, and uphold our global commitment to quality and innovation," said Hitendra Bhargava, CEO and Regional Management Board Member Asia Pacific, Klüber Lubrication.

      With a dedicated R&D center and tribology lab, Klüber Lubrication India adds significant value to the product validation process. This facility operates in alignment with the IATF 16949 standards, ensuring global compliance. By utilizing local resources and expertise, the company reduces dependence on imports, enhances delivery efficiency across the nation, and supports India's Production-Linked Incentive (PLI) objectives. This commitment not only contributes to India's economic growth but also reflects Klüber Lubrication's mission to create solutions tailored to the needs of its customers.

      Furthering its commitment to "Make in India," Klüber Lubrication recently announced a ₹142 crore (€15.6 million) investment to expand its Mysore facility. The upgrade includes a new production hall with advanced technology, improved R&D infrastructure, and faster product launches, set to be operational by early 2027.

      The Mysore plant has already been pivotal in developing innovative products like Klübersynth LEB 94-81 BH, featuring integrated calcite technology for exceptional load-bearing capability in both high and low temperatures. This product is ideal for applications such as constant velocity joints, electric seat adjustment mechanisms, and window regulators, providing reduced noise and outstanding wear protection. Additionally, the plant produces ISOFLEX TOPAS L 32 N BH, a flagship product for the automotive sector. The plant has also developed a new range of silicone-based greases that enhance reliability and performance in critical braking systems. This innovation improves safety and longevity, adding significant value to the automotive industry by ensuring better braking across various vehicle types.

      By producing locally, Klüber Lubrication offers flexibility, reduces costs, and ensures timely delivery of high-quality products, strengthening its presence in the automotive market.

      Klüber Lubrication Pioneers Advanced Lubrication Solutions for SUVs As SUVs gain popularity in India, their larger size and weight place extra pressure on suspension systems, requiring superior lubrication for smooth and reliable performance. Addressing this critical requirement, Klüber Lubrication provides innovative and eco-friendly solutions tailored for these demands.

      SUV components like ball joints, wheel bearings, brakes, and steering systems face high stress and tough conditions. Klüber Lubrication's high-performance greases and oils are designed to deliver exceptional durability, ensuring smooth operation for SUVs navigating diverse terrains across India.

      SUV buyers, often in premium segments, expect a quiet, comfortable ride. Klüber's lubricants reduce noise, vibration, and harshness (NVH), offering a serene cabin experience. Designed for India's climate and roads, Klüber's solutions enhance SUV performance, safety, and reliability.

      Klüber Lubrication: Helping put E-mobility solutions on the fast track Klüber Lubrication is revolutionizing electric vehicle (EV) performance with advanced lubricants designed to meet the unique demands of e-mobility. Its innovative Hydro Lubricants, using water as a base, reduce friction, improve cooling, and enhance energy efficiency, enabling EVs to achieve greater range per charge while lowering gearbox temperatures by up to 17°C. Additionally, electrically conductive greases protect motors from electrical arcing, ensuring long-term reliability, while specialized lubricants ensure smooth motion control in actuators and drive systems.

      "SUVs and electric vehicles demand next-level lubrication solutions to tackle their unique challenges. SUVs operate in tough conditions, requiring higher durability and a smooth driving experience under varied stresses, while EVs need solutions that enhance efficiency, ensure reliable performance, and align with the growing focus on sustainable mobility. Our products are meticulously designed to meet and exceed these demands," said Joseph Robert, Associate General Manager - GBT, India.

      Klüber also provides tailored solutions for critical EV systems, such as charging connectors, cooling system actuators, and drivetrain components, enhancing durability and performance under stress. By minimizing noise, vibration, and harshness (NVH), these lubricants deliver a quieter and more refined driving experience. Committed to sustainability, Klüber's solutions not only improve energy efficiency but also extend maintenance intervals and component life, supporting greener and more reliable e-mobility.

      A Commitment to Sustainability and Innovation Klüber Lubrication's dedication to sustainability is evident through its eco-friendly manufacturing processes and a continuous focus on developing lubricants that reduce environmental impact. In recognition of its efforts, the company received the Ecovadis Gold Medal for the third consecutive year, ranking among the top 5% of businesses worldwide for environmental and ethical practices. Its energy efficiency programs have saved over 445,000 MWh, significantly reducing its carbon footprint.

      By collaborating with leading OEMs and Tier 1 suppliers, Klüber Lubrication is co-developing solutions for emerging automotive trends like hybrid powertrains and lightweighting. These partnerships ensure the company's products are always ahead of the curve, meeting the ever-evolving needs of the industry.

      About Klüber Lubrication Klüber Lubrication is one of the world's leading manufacturers of speciality lubricants, offering high-end tribological solutions to virtually all industries and markets worldwide. Most products are developed and made to specific customer requirements. During its more than 90 years of existence, Klüber Lubrication has provided high-quality lubricants, thorough consultation and extensive services, which has earned it an excellent reputation in the market. The company holds all common industrial certifications and operates a test bay hardly rivalled in the lubricants industry. Klüber Lubrication, set up as a retail company for mineral oil products in Munich in 1929, is today part of Freudenberg Chemical Specialities SE & Co. KG, a Business Group of the Freudenberg Group, Weinheim. Klüber Lubrication has about 2.000 employees in more than 30 countries. | http://www.Klüber .com About Freudenberg Chemical Specialities Freudenberg Chemical Specialities Munich was founded in 2004 as a new Business Group within the Freudenberg Group, Weinheim, Germany, a family-owned, diversified technology company with a history of more than 160 years. Freudenberg Chemical Specialities has a lean, market-oriented organisation with Management Board and Corporate Functions. Its objective is to promote innovation potentials in its field of activities and to expand world-wide market leadership in special lubricants and release agents. The Business Group includes five largely independent divisions which are active in more than 50 countries: Klüber Lubrication, Chem-Trend, SurTec, Capol and OKS.

      About Freudenberg in India Freudenberg has held business ties with companies in India for more than 90 years. The Group has 11 production sites around India, across several different industries, and employs around 3,000 people at 20+ locations. | www.freudenberg.com Logo: 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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