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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
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    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
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    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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      ELECRAMA 2025 Concludes Successfully, Showcasing Innovations and Industry Leadership

      March 4, 2025

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      Mumbai, Maharashtra, India (NewsVoir) The 16th edition of ELECRAMA 2025 organised by Indian Electrical and Electronic Manufacturers’ Association (IEEMA) wrapped up on a high note, firmly establishing itself as the premier global platform for the electrical and allied electronics industry. This edition broke previous records, by hosting over 1,000+ exhibitors, attracting more than 400,000 business visitor footfalls, and generating an estimated $20 billion in business enquiries — an undeniable testament to its unparalleled scale, influence, and global appeal.

      ELECRAMA 2025 emerged as an important platform for industry engagement, showcasing impactful B2B meetings, insightful thought leadership sessions, and constructive policy dialogues that united both global and Indian stakeholders. The event successfully facilitated over 15,000+ B2B meetings and attracted close to 500 international buyers from 80 countries, further solidifying India's stature as a reliable partner within the global electrical ecosystem.

      One of the biggest highlights this year was the launch of the New Energies Pavilion, a game-changing showcase of breakthrough technologies in Battery Storage, EV Charging Infrastructure, Digital Energy, Solar Modules, Solar Inverters, and more. This dedicated space showcased India’s rapid strides towards a sustainable and future-ready energy landscape.

      The global interest at ELECRAMA 2025 has increased. While attending the event Hon’ble Minister Bachir Camara, Deputy Minister, MEHH, Guinea said, "India’s advancements in energy and digitalization offer valuable insights for developing nations like Guinea. Strengthening collaborations with India can help us enhance our electricity systems and adopt innovative solutions. Platforms like ELECRAMA provide an excellent opportunity to explore cutting-edge technologies, engage with industry leaders, and understand best practices in renewable energy, electrification, and carbon footprint reduction. Events like these are crucial in fostering global partnerships, allowing us to learn from India’s expertise and implement sustainable energy solutions that will drive our nation's growth. We believe this is the right time to leverage India’s achievements and work together for a brighter, more energy-secure future." ELECRAMA 2025 also witnessed four MoU signings, laying the foundation for transformative collaborations in the power and electrical sector. These agreements mark a significant step in driving innovation, industry partnerships, and next-generation energy solutions.

      Highlighting the potential of the event, Kris Van den Zegel, Head of BD & Stakeholders, Eurelectric said, “ELECRAMA has been an electrifying experience, showcasing the booming Indian power sector and its remarkable growth. We were particularly impressed by the innovation, expanding capabilities of Indian companies, and the welcoming business culture. As the flagship event of IEEMA, it brings together key stakeholders to explore advancements in renewable energy, grid modernization, and digital transformation. The exhibition highlights India's rapidly expanding power sector, offering insights into emerging technologies and sustainable solutions. With global partnerships and knowledge-sharing at its core, ELECRAMA continues to position India as a hub for electrical manufacturing and energy innovation, strengthening industry connections and accelerating the transition towards a more efficient and resilient power ecosystem.” As the event draws its curtains, the significance of this year’s edition Sunil Singhvi, President, IEEMA said, "ELECRAMA 2025 has surpassed all expectations, marking yet another milestone in its journey as the world's leading platform for the electrical and power industry. The remarkable increase in visitor footfall compared to the previous edition underscores the growing global interest in India's energy and power capabilities. With over 400,000 business visitor footfalls, ELECRAMA has demonstrated its ability to bring together industry leaders, policymakers, and innovators to drive impactful collaborations and business opportunities." Vikram Gandotra, President (Elect) and Chairman, ELECRAMA 2025 also added, "Sustainability and innovation were at the heart of ELECRAMA 2025, setting new benchmarks in green electricity adoption and carbon footprint reduction. The event highlighted groundbreaking advancements in renewable energy integration, energy storage, and automation, paving the way for a greener and more sustainable future. Our collective efforts have contributed significantly to reducing carbon emissions, reinforcing India's commitment to clean energy and decarbonization. ELECRAMA continues to be a key enabler in accelerating the transition toward a low-carbon economy." Siddharth Bhutoria, Vice President, IEEMA & Vice Chairman, ELECRAMA 2025, "ELECRAMA 2025 has been a resounding success, particularly in fostering the growth of startups and emerging enterprises in the energy sector. Through initiatives like Electraverse Sparks, we have provided a dynamic platform for breakthrough innovations, enabling startups to showcase their solutions, connect with investors, and explore strategic collaborations. The overwhelming response from industry leaders and stakeholders underscores the critical role of ELECRAMA in driving innovation, nurturing entrepreneurship, and shaping the future of India's electrical and power industry." The event, inaugurated by Shri Manohar Lal Khattar, Hon’ble Union Minister of Power and Housing & Urban Affairs, highlighted the government’s commitment to strengthening India’s energy infrastructure. Delivering the keynote, Hon’ble Minister Piyush Goyal, Union Minister of Commerce & Industry, emphasized India’s energy transition, policy direction, and technological advancements. He urged the electrical industry to unify major expos, creating a world-class platform to position India as a global hub for energy and electrical solutions.

      A key highlight was the 3rd Edition of Electraverse Sparks, where 20 high-potential startups showcased breakthrough innovations in energy, AI, automation, and sustainability, driving investments and strategic collaborations. The World Utility Summit brought together 70+ speakers and 400+ delegates including Vijay Mittal (IOFS), Joint Secretary, Ministry of Heavy Industries, to discuss grid modernization, sustainable policies, and digital transformation.

      Meanwhile, ETECHnxt had 40+ unique speakers and 350+ delegates, the premier forum for emerging technologies, explored AI integration, IoT-driven smart grids, and blockchain applications in energy markets, reinforcing ELECRAMA’s role in shaping the future of the power sector.

      To mark the successful culmination of the event, ELECRAMA 2025 hosted the prestigious Awards Distribution & Exhibitor Night, celebrating excellence in innovation and industry leadership. The evening was further enhanced by a spectacular musical performance by renowned playback singer Shaan, leaving the audience enthralled.

      As ELECRAMA 2025 promoted sustainability in a big way, it was able to save 2.3 metric ton of CO2 through providing co-friendly cabs and the event on green electricity. The event leaves behind a legacy of groundbreaking discussions, cutting-edge technological showcases, and strategic collaborations that will shape the future of the electrical and power industry. The event reaffirmed India’s position as a leader in energy solutions, paving the way for a more connected, sustainable, and technologically advanced future.

      About IEEMA IEEMA is the apex association of manufacturers of electrical and industrial electronics and allied equipment in India. Established in 1948, IEEMA is the first ISO-certified industry association, encompassing the entire value chain in power generation, transmission, and distribution equipment, including new and renewable energy sectors.

      About ELECRAMA ELECRAMA is the flagship showcase of the Indian Electrical & Electronics Manufacturers' Association (IEEMA), bringing together the complete spectrum of solutions that powers the planet from source to socket and everything in between. ELECRAMA is a platform to connect the world with the Indian industry in respect of technology, new trends, and innovation for future energy transition.

      For more information about ELECRAMA 2025, please visit: elecrama.com.

      Image: ELECRAMA 2025 organized by IEEMA successfully concludes, bringing together industry leaders, innovators, and policymakers to shape the future of the electrical and power sector (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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