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    ACE Software Posts Earnings Turnaround; Standalone Profit Before Tax Up 43% YoY
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    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
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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
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    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.

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      Motwani Jadeja Institute for American Studies Launched in New York to Strengthen US–India Ties through Education and Diplomacy

      July 21, 2025

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      New York | 21 July 2025: In a landmark initiative aimed at deepening India-US academic engagement and global leadership, O.P. Jindal Global University (JGU) inaugurated the Motwani Jadeja Institute for American Studies (MJIAS) at a prestigious event in New York. The occasion was marked by the simultaneous release of the JGU Sustainable Development Report 2025 and a Distinguished Public Lecture delivered by leading Indian and global figures, signifying the university’s multidimensional vision of education, diplomacy, and innovation.

      The Motwani Jadeja Institute for American Studies (MJIAS) is a transformative new centre that will focus on research, public policy, education, innovation, and cultural exchange between India and the United States. The Institute is founded through a generous endowment by the Motwani Jadeja Foundation, under the visionary leadership of Ms. Asha Jadeja Motwani, a pioneering philanthropist and venture capitalist based in Silicon Valley.

      A Visionary Academic Collaboration Between India and the U.S.

      The Institute is named in honour of Professor Rajeev Motwani, a legendary computer scientist whose mentorship of innovators—including Google’s founders—left an indelible mark on the technology and innovation landscape globally.

      In his Welcome Address, Professor (Dr.) C. Raj Kumar, Founding Vice Chancellor of JGU, celebrated the institute as “a powerful symbol of academic diplomacy that not only honours a legacy of scientific excellence but also builds intellectual bridges between nations.” He elaborated: The Motwani Jadeja Institute for American Studies (MJIAS) is not merely the establishment of a new academic institute—it is a profound affirmation of our belief that universities must serve as instruments of global transformation. In an era where the world faces unprecedented challenges, we need institutional platforms such as MJIAS that nurture critical inquiry, uphold the values of freedom and democracy, and prepare our students to be not only professionals but also public intellectuals. This Institute is a tribute to the pioneering brilliance of Professor Rajeev Motwani and the extraordinary generosity and vision of Ms. Asha Jadeja. It will be a bridge between India and the United States, between technology and humanities, between policy and innovation, and above all, between ideas and action.” Empowering the Future: Asha Jadeja’s Global Vision Delivering the Foundational Address, Ms. Asha Jadeja Motwani expressed her commitment to shaping ecosystems that empower changemakers, particularly across the Global South. She remarked: “We are at an inflection point in human history. The technological revolution we are living through demands new paradigms of leadership—leadership that is ethical, empathetic, interdisciplinary, and globally conscious. Through MJIAS, we are not only honouring the spirit of Rajeev, who believed in democratizing innovation and knowledge, but we are also giving life to a bold vision: to create a space where the next generation of leaders of India and the USA can question, collaborate, and co-create. We are building a platform that fosters dialogue, disrupts outdated systems, and inspires a mindset of fearless experimentation. My deepest hope is that this Institute becomes a lighthouse for South–North partnerships and a hub for intellectual and entrepreneurial energy from India, the United States, and the world.” She also announced upcoming initiatives under MJIAS, including India–U.S. student fellowships, start-up accelerator collaborations, and visiting professorships to bring top American scholars to India and vice versa.

      Institutional Leadership and Academic Diplomacy Professor (Dr.) Mohan Kumar, former Ambassador of India to France and Founding Director-General of MJIAS, presented the Vision Statement of the Institute. He highlighted the strategic and intellectual significance of deepening Indo–U.S. ties through knowledge exchange. “MJIAS will engage with geopolitics, digital governance, trade, technology, and defence – all with a view to building a vibrant strategic partnership and "ring fencing" it from geopolitical vagaries.” Senior scholars of leading US universities, Professor (Dr.) Jayanth Krishnan (Chair, International Board of Advisors, JGU), Indiana University Maurer School of Law and Professor Sital Kalantry (Vice Chair),Seattle University School of Law, emphasized the importance of interdisciplinary learning, legal and technological innovation, and academic integrity. They praised MJIAS for anchoring itself at the intersection of liberal values, democratic norms, and global citizenship.

      Consular Recognition: India’s Diplomacy and Academic Soft Power In a powerful Presidential Address, H.E. Mr. Binaya Srikanta Pradhan, Consul General of India in New York, hailed the Institute as “a timely and meaningful contribution to the India–U.S. strategic partnership,” noting that academic institutions like MJIAS embody the spirit of “knowledge diplomacy.” He added, “Our nations share a foundation of democracy and diversity. This Institute will deepen that partnership through research, policy dialogue, and people-to-people ties.” Launch of the JGU Sustainable Development Report 2025 The evening also witnessed the formal release of the Sustainable Development Report 2025 of JGU written by its lead author, Professor Padmanabha Ramanujam, Dean of Academic Governance. The report presents a detailed mapping of the university’s contribution to all 17 UN Sustainable Development Goals (SDGs) through teaching, research, community engagement, infrastructure, and institutional strategy.

      Justice Michael Wilson, Former Judge of the Supreme Court of Hawaii and Distinguished Professor at JGU, offered reflections on the report, noting: “What JGU has done is create an institutional template for sustainability – a model that global universities can emulate. This is what academia must do – lead by example.” Distinguished Public Lecture: A Confluence of Law, Technology, and Governance The final segment of the evening featured a Distinguished Public Lecture delivered by two of India’s most admired public figures: Hon’ble Mr. Justice U.U. Lalit, Former Chief Justice of India, addressed the importance of education in strengthening constitutional democracy. In his lecture, he stated: “The role of a university in any society is not only to impart knowledge but also to cultivate conscience. Today, we find ourselves confronting deeply complex questions about the rule of law, justice, and constitutional morality—not just in India but across the world. It is in this context that institutions like the Motwani Jadeja Institute become so critical. They stand at the frontlines of democratic resilience. They equip young minds with not just the tools of reasoning and argumentation, but with the moral compass necessary to lead and serve. As someone who has spent decades in the judiciary, I deeply value the ability of academia to challenge authority, question power, and uphold the spirit of the Constitution.” Dr. Palanivel Thiaga Rajan, Hon’ble Minister for Information Technology and Digital Services, Government of Tamil Nadu, delivered a Keynote Address on the future of data governance, AI ethics, and digital innovation. He called for stronger university-government collaborations to create public value through evidence-based policymaking and inclusive technologies. The Lecture was moderated by Professor R. Sudarshan, Dean of the Jindal School of Government & Public Policy, who underscored the unique convergence of law, policy, technology, and ethics in the evening’s deliberations.

      Professor (Dr.) Akhil Bhardwaj, Vice Dean of International Affairs and Global Initiatives, concluded the evening with a Vote of Thanks, calling it “a milestone moment for JGU and a call to action for universities across the world to be bolder, braver, and more globally connected.” (Disclaimer: The above press release comes to you under an arrangement with O.P. Jindal Global University and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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