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    India achieves near-universal banking coverage, with 99.92% of inhabited villages now served by a banking outlet
    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
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    August 3, 2026
    Show AI Summary
    Banking inclusion expands rural access while digital credit systems and payment security controls address service delivery and cyber fraud.
    Banking inclusion is pursued by providing banking outlets within a five-kilometre radius of inhabited villages, with branch expansion permitted subject to rural-coverage requirements and continuing assessment of uncovered areas. Agricultural credit delivery uses digital loan, beneficiary-verification, processing and claim-settlement systems. Digital payment security measures require minimum controls for payment channels and include fraud-intelligence sharing, artificial-intelligence-based identification of money-mule activity, digital lending-app analysis, cyber-incident reporting, public awareness campaigns and electronic-banking training.
    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
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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
    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.

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      HIGHLIGHTS

      February 4, 2025

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      New Delhi, Feb 4 (PTI) Following are the top stories at 9.24 pm: NATION DEL66 PM-LD KUMBH

      PM to visit Maha Kumbh Mela Wednesday, take holy dip at Sangam around 11 am New Delhi: Prime Minister Narendra Modi will visit the Maha Kumbh Mela in Prayagraj on Wednesday and take a holy dip at the Sangam around 11 am, his office said.

      DEL57 DL-POLLS-LD CURTAIN RAISER

      Battle for Capital: AAP eyes third term; BJP, Cong look at resurgence as Delhi votes tomorrow New Delhi: The stage is set for the high-stakes Assembly elections in Delhi, where the Aam Aadmi Party is eyeing a third straight term, while the BJP and the Congress are looking at resurgence.

      DEL8 US-INDIANS-DEPORTATION

      US says removing illegal migrants New Delhi: The United States is rigorously tightening immigration laws, the American embassy said on Tuesday amid reports that a US military aircraft is bringing some illegal migrants to India.

      DEL63 MHA-LD KASHMIR

      Amit Shah reviews JK security situation with top officials New Delhi: Union Home Minister Amit Shah on Tuesday reviewed the security situation in Jammu and Kashmir which has witnessed a few terror incidents in the recent past, sources said.

      DEL46 MEA-BHUTAN-KING

      Bhutan King paying special visit to India at PM Modi's invitation: MEA New Delhi: Bhutanese King Jigme Khesar Namgyel Wangchuck is paying a special visit to India to attend the Maha Kumbh Mela and it is in keeping with the tradition of regular high-level exchanges between the two countries, the Ministry of External Affairs said on Tuesday.

      DEL48 PGA-INDIA-VISIT

      President of UN General Assembly Yang on 4-day India visit New Delhi: President of the UN General Assembly Philemon Yang is paying a four-day visit to India beginning Tuesday.

      DEL35 ED-TN-CASE

      ED seizes Rs 1,000-cr worth assets of Chennai-based firm in PMLA case New Delhi: The Enforcement Directorate Tuesday said it has seized assets worth Rs 1,000 crore after it recently conducted searches against a Chennai-based company which is alleged to have "fraudulently" acquired coal blocks in Chhattisgarh.

      DEL70 HEALTH-NMC-APPEAL

      NMC allows patients to complain against doctors, yet to formalise decision New Delhi: The National Medical Commission (NMC) has decided to hear patients' complaints against doctors related to medical negligence or professional misconduct, officials said.

      DEL43 JAISHANKAR-IIC-LD LECTURE

      India-EU relationship more important than ever; stronger ties can be stabilising factor: Jaishankar New Delhi: External Affairs Minister S Jaishankar on Tuesday said a stronger India-EU relationship can be an "important stabilising factor" in a world that promises to be "so volatile and uncertain".

      DEL59 UP-KUMBH OPPN-LD CM REAX

      Kharge, Akhilesh were hoping for bigger tragedy at Maha Kumbh: UP CM Adityanath Prayagraj: Uttar Pradesh Chief Minister Yogi Adityanath on Tuesday launched a sharp attack on Congress president Mallikarjun Kharge and Samajwadi Party chief Akhilesh Yadav, alleging that they and some "Sanatan-opposing elements" wanted a larger disaster to unfold at the Maha Kumbh stampede.

      BOM38 CG-NAXAL-LD MURDER

      Naxals kill 2 men, including ex-colleague, in Bijapur on suspicion of being cop informers Bijapur (Chhattisgarh): Naxalites hacked to death two men, one of them their former colleague, at a village in Chhattisgarh's Bijapur district on the suspicion of being police informers, an official said on Tuesday.

      BOM26 GJ-2ND LD UCC-PANEL

      Gujarat forms panel to assess need for UCC, draft bill; Oppn calls it diversionary move Gandhinagar: The BJP government in Gujarat on Tuesday formed a committee headed by a retired Supreme Court judge to assess the need for the Uniform Civil Code in the state, and also draft a bill for the same.

      BOM33 MH-BMC-LD BUDGET

      BMC presents its biggest-ever Rs 74,427 crore budget, no hike in taxes Mumbai: The Brihanmumbai Municipal Corporation (BMC) on Tuesday presented a Rs 74,427.41 crore budget, its biggest-ever, for financial year 2025-26 without any hike in taxes.

      CAL14 WB-COURT-RG KAR

      RG Kar corruption case: Hearing for framing of charges likely to start on Wednesday Kolkata: Hearing for framing of charges against the accused persons in a corruption case related to alleged financial irregularities at R G Kar Medical College and Hospital during the tenure of its former principal Sandip Ghosh is likely to commence on Wednesday before a special court at Alipore here.

      MDS13 TL-ASSEMBLY-LD SURVEY

      Telangana Assembly passes resolution asking Centre to conduct nationwide caste survey Hyderabad: The Telangana Assembly unanimously adopted a resolution on Tuesday, urging the Centre to emulate the household caste and socioeconomic survey conducted by the state government.

      MDS12 TN-LD TEMPLE-ACTIVISTS-ARREST

      Hindu Munnani holds massive protest in TN over Thiruparankundram hill issue Madurai (Tamil Nadu): The Hindu Munnani members staged a massive protest at Palanganatham here on Tuesday evening, barely hours after the Madras High Court gave its nod for the agitation at the new venue against the incident of a group of persons consuming non-vegetarian food at Thiruparankundram hill.

      MDS8 KL-KERALA-SURVIVAL-LD-MINISTER

      Kerala 'survives' only with assistance from Centre, says Union Minister Kurian Thiruvananthapuram/ New Delhi: Days after sparking controversy with his 'backward' remark about the state, Union Minister George Kurian said on Tuesday that Kerala "survives" only with the assistance of the Centre and that there is not a single project the state can claim as its own.

      LEGAL LGD29 DL-COURT-LD THAROOR DEFAMATION

      'Never named party, Chandrasekhar': Court junks defamation case against Congress MP Shashi Tharoor New Delhi: A Delhi court on Tuesday dismissed a criminal complaint filed by BJP leader Rajeev Chandrasekhar against Congress MP Shashi Tharoor accusing him of defamation.

      LGD32 SC-NHAI-LAND ACQUISITION

      Grant of solatium to landowners to apply retrospectively: SC rejects NHAI plea over 2019 verdict New Delhi: The Supreme Court on Tuesday ruled its 2019 decision allowing grant of compensation and interest to farmers, whose land were acquired under the NHAI Act would apply retrospectively.

      LGD22 DL-HC-LD RASHID

      Jurisdiction row: Delhi HC official writes to SC over J&K MP Rashid Engineer bail plea New Delhi: The Delhi High Court registrar general has written to the Supreme Court over the issue of jurisdiction of the court which should ideally hear jailed J&K MP Rashid Engineer's bail plea in a NIA case.

      LGD15 SC-NEET-PG COUNSELLING

      NEET-PG 2024: SC asks Centre, others to respond on plea for fresh counselling New Delhi: The Supreme Court on Tuesday sought responses from the Centre, the National Medical Commission and others on a plea seeking fresh counselling of all India quota (AIQ) round 3 of NEET-PG 2024.

      LGD31 SC-ASSAM-ENCOUNTERS

      Not possible to look into each case, will see if guidelines on encounter followed: SC New Delhi: The Supreme Court on Tuesday said it couldn't go into the merit of the alleged 171 police encounters in Assam from May, 2021 to August, 2022 but only see whether its guidelines on such extra-judicial killings were duly followed.

      FOREIGN FGN9 UN-INDIA-BUDGET

      India pays $37.64 million to UN regular budget for 2025 United Nations: India has paid USD 37.64 million dollars to the United Nations Regular Budget for 2025, joining the "honour roll" of 35 member states who have paid their regular budget assessments in full and on time to the UN.

      FGN45 MALDIVES-INDIA-LD TOURISM (RPT)

      Maldives sets target to woo 3,00,000 Indian tourists in 2025 Male: The Maldives government has set a target of attracting 3,00,000 Indian tourists in 2025 after their numbers slumped from the top place in 2023 to sixth in 2024 following strained relations between Male and New Delhi.

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