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    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
    India and Rwanda Hold First Joint Trade Committee Meeting to Deepen Bilateral Trade and Investment Cooperation
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    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
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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
    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.
    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.

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      Fischer Installation Systems - Always Providing the Right Solutions for Technical Building Equipment

      March 26, 2025

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      Bengaluru, Karnataka, India (NewsVoir) The fixing expert fischer provides its customers with guaranteed safety, quality and efficiency in construction. More than 75 years of inexhaustible innovative power and technical fastening expertise are incorporated into the continuous expansion of the range of products and systems. Installation systems by fischer tailored to specific applications enable safe, cost-effective and simple fastening and routing of any technical building equipment conduits.

      "At fischer India, our mission is to provide world-class fastening solutions that enhance safety, efficiency, and durability in construction projects. Our extensive portfolio of installation systems is designed to cater to diverse applications, ensuring seamless execution and long-term reliability. By continuously innovating and adapting to the latest industry standards, we empower engineers, planners, and contractors with state-of-the-art solutions that simplify complex installations. Our commitment to quality and customer satisfaction drives us to push the boundaries of fastening technology, making fischer the go-to choice for technical building equipment solutions," says Mr. Mayank Kalra, Managing Director of fischer India.

      fischer fastening and installation solutions make it quicker and easier to install all kinds of supply lines, resulting in rapid, cost-effective and successful projects. A wide range of installation systems for lightweight to heavy loads covers all types of applications in residential, non-residential and industrial buildings. Galvanised variants are ideal for installations in buildings, while hot-dip galvanised or stainless-steel systems are suitable for outdoor use or in highly corrosive atmospheres. Users can also combine the required modular components depending on the conditions of the building and the circumference of the conduit. The fully hot-dip galvanised fischer heavy-duty system FMS replaces the need for secondary steel constructions during heavy installations, reducing costs by up to 30 per cent. The modular fischer universal channel system FUS also helps install medium to heavy pipe systems using rapid push-through connections for the channels. Lightweight loads can be installed using the simple ‘Clix’ mechanism with the fischer light channel system FLS.

      fischer installation grids can be created with FUS channels. These grids allow the media connections in factories, production facilities and similar buildings to be converted and reconfigured effectively and economically at anytime and anywhere. The new FYJB bracing element provides added flexibility for bracing and suspending installation grids on steel structures.

      Fire-proof pipe supports and conduit installations can be designed and carried out with products and systems by fischer. The European Technical Assessment (ETA) for the fischer FUS channels certifies the products’ proof of usability under fire exposure according to stringent requirements. This ETA 21/0140 is based on the European Assessment Document (EAD) 280016-00-0602 for pipe support systems. Additional products and systems by fischer retain their load-bearing capacity long enough to give people time to leave the building safely in the event of a fire. Safety is ensured by fire protection test reports in accordance with the criteria of the German Guideline on Conduits (LAR) based on MLAR 2015 for installation in escape and rescue routes. The test reports further certify a fire resistance rating of R30 to R120 as per EN 1363-1/ F30 to F120 under DIN 4102-2. Fix points and sliding elements complete the range. Coordinated system solutions capable of absorbing the thermal expansion of pipes cover all types of loads, from lightweight to heavy pipe systems.

      The fischer range comprises numerous pipe clamps, both with and without sound insulation inserts, as well as construction elements and accessories to fasten light, medium and heavy pipes made of various materials for all types of conduit systems. The range further includes sprinkler loop hangers, pipe clamps, beam clamps and fastening elements approved by Germany’s Property Insurer Associations, such as FM and VdS, certifying their safe application in sprinkler systems. Plugs and anchors suitable for sprinkler systems feature CE marking based on the relevant ETA.

      Last but not least, fischer’s range of technical building equipment solutions comprises system solutions tailored to custom applications, such as the innovative fischer all-in-one systems for flat roof installations. Through targeted load distribution, the systems prevent stress to the roof sealing and insulation layer, thereby preventing damage to the surface. These clever solutions can be used to install secure and sealed air conditioning units, ventilation ducts, pipe systems, cable systems and other technical building equipment installations on flat roofs.

      Suitable fixing solutions are part of fischer’s all-in-one system for technical building equipment installations. These solutions include the intelligent fischer DuoLine plugs with an innovative combination of materials that either fold, expand or knot depending on the construction material, allowing hanger bolts to be installed in any anchor base. The fischer UltraCut FBS II concrete screw with a diameter of 6 mm is also widely used. Its approval for multiple anchorages of non-load-bearing systems makes it ideal for fastening pipe systems, cable runs and channel systems alongside other applications in technical building equipment.

      Wide range of technical building equipment services From planning and implementation to documentation and subsequent monitoring of buildings and facilities, fischer offers a 360-degree service. Digital offers by the fixing expert meanwhile comprise BIM (Building Information Modelling) services and digital scanning tools for existing buildings. Further offers include automated construction with the fischer BauBot construction robot and the Construction Monitoring sensor innovation for efficient structural monitoring. INSTALL-FIX, a tool within the fischer FiXperience design software, supports customers with structural calculations involving the fischer installation systems. In just a few steps, planners and users can obtain a verifiable printout and list of materials of the required components.

      "We at fischer India believe that innovation and customer-centric solutions are the key drivers of success in the fastening industry. Our comprehensive support services, including fire protection solutions and on-site training, ensure that our customers receive the highest level of technical expertise and assistance. By integrating engineering excellence with a focus on safety and efficiency, we aim to revolutionize the construction industry and set new benchmarks. Our global presence and strong commitment to customer satisfaction make us a trusted partner in every project," adds Mr. Mayank Kalra, Managing Director of fischer India.

      fischer provides its customers with further support services, including calculations, surveys, approval procedures, BIM modelling, CAD and fire protection services for optimised planning. The company’s engineering services are consolidated in its fischer Construction Engineering GmbH. During the construction phase, the fixing specialist’s support services range from planning installation, preassembly services and training all the way to on-site briefing and installation. Flexible, customisable fischer office and storage containers provide customers with optimised logistics to increase efficiency on the construction site. The company’s engineers, application engineers and field staff guarantee individual and professional support. With 50 operational subsidiaries around the globe, the fixing expert is always within easy reach of its customers.

      Fischer Building Materials India Private Limited Ward No. 76, Unit 101, First Level, No. 3 (Old 4 Prestige Sigma, Vittal Mallya Rd, Richmond Town, Bengaluru, Karnataka 560001 (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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