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    IDFC FIRST Bank Q1FY27 Results: Highest Ever PAT of ₹1,075 Crore, Up 132.4% YoY
    India placed in lower 10 pc US tariff bracket; reaffirms commitment to BTA
    Ratnaveer Precision Engineering Reports 20% Revenue Growth and 21% PAT Growth in Q1 FY27
    India placed in lower tariff tier at 10 pc under US Section 301 measures on forced labour: Govt
    ED report says CMRL ex-MD cited Veena’s ties to then Kerala CM for payments
    Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman outlines 5Rs of responsive tax governance; Calls for greater tax certainty and ...
    Trump says US will investigate EU trade practices, claiming bloc unfairly fined tech giants
    World shares are mixed and oil prices fall, markets in Asia skid in sell-off of AI-related shares
    Sitharaman ask I-T officials to go after tax evaders, ensure convenience for honest taxpayers
    HIGHLIGHTS
    Rupee recovers 20 paise to settle at 96.53 against US dollar
    Sri Lanka welcomes US tariff reduction
    DPIIT's One District One Product Initiative Promotes 1,244 Unique Products Across 773 Districts
    India's Services Exports Rise to USD 421.3 Billion in FY 2025-26, Led by Telecommunications, Computer and Information Services and Business Services
    India and Israel Conclude Second Round of Negotiations for Proposed Free Trade Agreement
    Glomo Secures Visa's Principal Membership, Becomes India's First Non-Bank Acquirer to Join the Network
    India's forex reserves jump USD 1.08 billion to USD 676.237 billion
    Boult Earbuds in India 2026: Five Reasons They are the Smartest Budget Pick
    Stock markets extend losses for 5th straight day on US trade tariffs, West Asia tensions
    China slaps export controls on 14 EU entities in retaliation for Russia-related sanctions
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    July 25, 2026
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    Banking financial performance reflected loan and deposit growth, improved asset quality, stronger margins and prudent contingency provisioning.
    Quarterly financial performance reflected growth in customer business, loans and deposits, expansion in lending portfolios, an improved CASA ratio and lower cost of funds. Asset quality improved through reductions in gross and net non-performing assets, while profitability indicators improved in relation to net interest margin, cost efficiency, provisions, net profit and return on assets. The bank received credit-guarantee claims for its microfinance portfolio and created a contingency provision for macroeconomic and geopolitical uncertainty. Capital adequacy and common equity tier-one ratios were also reported.
    July 25, 2026
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    Forced-labour import tariffs place Indian goods under an additional duty while exemptions preserve access for specified exports.
    A 10 per cent Section 301 additional import duty applies to specified Indian goods over and above ordinary most-favoured-nation duty, following a forced-labour-related investigation. Generic pharmaceuticals, smartphones, other specified products, and goods already subject to Section 232 sectoral duties remain outside the additional levy. The textile-specific mechanism has not yet been operationalised for India, while tariff-rate quota concessions using US-origin cotton and fibre were announced for certain other economies. India continues engagement on a bilateral trade agreement and tariff access for garments using American inputs.
    July 25, 2026
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    Copper Clad Laminate expansion advances through policy and rights-issue approvals, supporting domestic electronics manufacturing and strategic growth initiatives.
    The company reported progress on a proposed Copper Clad Laminate manufacturing project, including in-principle approval under the Gujarat Electronics Policy and substantial project completion. The facility is intended to support domestic electronics manufacturing and reduce import dependence. It also reported upgraded credit ratings, enhanced rated bank facilities, and stock-exchange in-principle approvals for a proposed rights issue supporting expansion and strategic growth initiatives.
    July 25, 2026
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    US forced-labour tariffs place India in a lower tier while preserving exclusions for specified imports and Section 232 products.
    US Section 301 forced-labour measures impose an additional 10 per cent tariff on imports from India, with India placed in a lower tariff tier than initially proposed. Generic pharmaceuticals, smartphones and certain specified products outside additional duties remain excluded, as do products already covered by Section 232 measures, including steel, aluminium and auto parts. The textile-specific mechanism has not yet been established or operationalised, and engagement continues in connection with bilateral trade agreement negotiations.
    July 25, 2026
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    Money-laundering investigation examines alleged fictitious expenses, circular vendor payments, and consultancy payments without services or deliverables.
    A money-laundering investigation alleges misappropriation through fictitious expense entries, unsupported vouchers, and inflated vendor invoices used to withdraw funds in cash. The Enforcement Directorate further alleges that payments described as software or IT consultancy expenses were made to Exalogic Solutions Pvt Ltd and Veena T without services or deliverables. The report cites statements concerning the alleged sham payments, Exalogic's dependence on company funds, and subsequent transfers from its account. The PMLA case is based on a prosecution complaint concerning suspected financial irregularities.
    July 25, 2026
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    Tax certainty and taxpayer-centric administration drive simplified compliance, reduced litigation, digital service delivery, and stronger voluntary tax compliance.
    Tax administration reform under the Income-tax Act, 2025, rules and forms is directed toward a simpler, transparent and taxpayer-centric system. Key priorities include reducing compliance costs and litigation through tax certainty, faster return processing, refunds, grievance redressal, voluntary compliance and timely appeal disposal. Digital initiatives, including PAN 2.0, ITBA 2.0, IEC 3.0, Kar Saathi and SAKSHAM NUDGE, are intended to simplify compliance and improve taxpayer experience. Capacity building in technology, international taxation, transfer pricing, digital assets and cybersecurity supports this reform agenda.
    July 24, 2026
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    Trade Practice Investigation: Tech-company antitrust fines prompt proposed tariffs and trade sanctions under federal trade law mechanisms.
    A formal investigation into alleged unfair trade practices has been announced in response to European regulatory fines imposed on major United States technology companies. The stated concern is that digital antitrust penalties are unfairly directed at United States businesses, with possible tariffs on European Union imports indicated. The proposed response is linked to Section 301 of the Trade Act of 1974, permitting import taxes and other sanctions against unjustifiable, unreasonable or discriminatory trade practices.
    July 24, 2026
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    Import tariffs and energy costs heighten inflation risks, pressuring consumers, corporate profits and monetary-policy expectations amid market volatility.
    Fresh tariffs on imports, rising energy prices and Middle East conflict are identified as concurrent pressures on global financial markets. The tariff measures apply to nearly all imports into the United States and are paid by importing companies, which typically pass the additional costs to consumers. Higher energy costs and tariffs may increase inflationary pressure, reduce household discretionary spending and affect corporate profitability, while influencing monetary-policy expectations. Investors also questioned whether substantial artificial-intelligence investment can support technology-sector valuations.
    July 24, 2026
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    Responsive tax governance promotes taxpayer convenience, correction of bona fide errors, tax certainty, prompt refunds and prevention of avoidable litigation.
    Responsive tax governance requires convenience for honest taxpayers, correction of bona fide errors and firm consequences for deliberate tax evasion. The Income Tax Act, 2025 is intended to simplify the legal framework, reduce uncertainty and lower compliance costs, supported by stronger electronic filing infrastructure and prompt refund processing. Tax certainty should promote voluntary compliance and shift the focus from litigation management to litigation prevention through consistent guidance, simplified procedures, technology, standardised processes, effective grievance resolution and reduction of recurring taxpayer difficulties.
    July 24, 2026
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    Examination integrity safeguards prompt monitoring, enforcement action and proposed stricter penalties for paper leaks and institutional failures.
    Examination integrity measures include reported termination of agency officials, contemplated legal and criminal action, proposed stricter punishment for paper leaks, and Supreme Court monitoring of preventive steps. The Supreme Court also prohibited unauthorised posting or uploading of audio-video court proceedings on social media and digital platforms without prior administrative permission. The updates further address taxpayer facilitation alongside firm action against evasion, trade measures connected with forced-labour concerns, and potential legal action concerning university communications to students.
    July 24, 2026
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    Foreign exchange market stabilisation supported rupee recovery as investor outflows, geopolitical tensions and elevated crude prices maintained currency pressure.
    Foreign exchange market conditions saw the rupee recover against the US dollar amid reports of Reserve Bank of India intervention and dollar sales by public-sector banks to limit further depreciation. Foreign institutional investor outflows, weak domestic equity sentiment, geopolitical tensions, and elevated crude oil prices continued to pressure the currency. A decline in crude prices, diplomatic engagement, and central-bank intervention were identified as potential stabilising factors.
    July 24, 2026
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    Forced-labour import prohibition enabled lower tariff treatment for Sri Lankan goods, supporting export competitiveness and responsible trade practices.
    Tariff treatment for Sri Lankan goods entering the United States was reduced after Sri Lanka prohibited imports of goods produced using forced labour. The prohibition placed Sri Lanka within the lower tariff category under the stated US framework. The reduction is described as supporting exporter competitiveness while reflecting commitments to fair trade, responsible business practices, internationally accepted labour standards, and sustainable economic reforms.
    July 24, 2026
    Show AI Summary
    One District One Product strengthens district product branding, market access, food-processing support and export-oriented value chains.
    The One District One Product initiative supports district-identified products through branding, market access, exhibitions, capacity building and Government e-Marketplace onboarding. States and Union Territories select products and may leverage Central and State schemes, as no district-specific allocation is made. PM Ekta Malls and the PMFME Scheme support sales, food-processing projects, common infrastructure, branding, packaging, quality standardisation and food-safety compliance. Districts as Export Hubs promotes export-potential products through export committees, action plans and value-chain coordination.
    July 24, 2026
    Show AI Summary
    Services export promotion expands market access, professional mobility, qualification recognition and trade outreach for Indian service suppliers.
    Services export promotion combines targeted market and sector strategies, removal of domestic impediments, trade agreements and export-promotion activity. Free Trade Agreements secure market access and national treatment for Indian service suppliers, support transparent and time-bound authorisation processes, and facilitate temporary mobility of skilled professionals. Mutual Recognition Agreement provisions seek recognition of qualifications and licensing requirements. The framework also addresses social-security coordination, student mobility, traditional medicine and double-taxation commitments for IT services. The Services Export Promotion Council supports market development, trade facilitation, capacity building and international outreach.
    July 24, 2026
    Show AI Summary
    Free trade agreement negotiations advance as India and Israel address market access, origin rules, customs facilitation and economic cooperation.
    India and Israel completed the second round of negotiations for a proposed Free Trade Agreement under the Terms of Reference signed in November 2025. Technical discussions covered trade in goods and services, rules of origin, sanitary and phytosanitary measures, technical barriers to trade, intellectual property rights, customs procedures, trade facilitation and economic cooperation. Both sides sought to narrow gaps, identify areas of convergence and work towards early conclusion of a balanced, comprehensive and mutually beneficial agreement.
    July 24, 2026
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    Direct card acquiring enables cross-border merchants to manage payment processing, settlement, risk monitoring and disputes without intermediary acquirers.
    Visa Principal Membership enables Glomo to operate as a direct non-bank acquirer for Visa-powered merchant card payments through GIFT IFSC. It allows direct management of merchant acquisition, processing, settlement, transaction approval optimisation, fraud and risk monitoring, and dispute and chargeback handling without intermediary acquirers. The arrangement is intended to accelerate onboarding and processing, enhance control over risk policies and merchant experience, and support cross-border acceptance and settlement, including management of multiple currencies, banking systems and regulatory requirements.
    July 24, 2026
    Show AI Summary
    Foreign exchange reserves rose as foreign currency assets increased, while gold reserves fell and IMF reserve position declined.
    Foreign exchange reserves increased during the reported week, principally because foreign currency assets rose, including valuation effects from movements in non-US currencies held in reserve. Gold reserves declined, Special Drawing Rights increased, and the reserve position with the International Monetary Fund decreased. Earlier reserve declines were associated with rupee pressure and foreign-exchange market intervention through dollar sales.
    July 24, 2026
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    Consumer electronics financing enables instalment purchases of affordable earbuds through in-store loan and reusable credit facilities, subject to approval.
    Affordable Boult earbuds are described as offering extended battery life, fast charging, dynamic drivers, low-latency gaming modes, Environmental Noise Cancellation, Bluetooth connectivity, and selected active noise-cancellation features. Models are compared by audio, calling, gaming, and charging specifications. Purchases through partner stores may be financed through an Easy EMI Loan or Insta EMI Card, subject to in-store application and approval, with instalment tenures and possible zero-down-payment offers on selected models.
    July 24, 2026
    Show AI Summary
    Trade-tariff concerns and oil-price volatility deepen risk aversion, extending equity market losses amid geopolitical tensions and foreign outflows.
    Indian equity markets extended their losing streak amid caution over United States trade-tariff concerns, West Asia tensions, oil-price volatility, foreign equity outflows and selling in selected blue-chip shares. Higher oil prices were identified as a potential pressure on macroeconomic indicators and growth prospects. New import tariffs were described as a constraint for export-oriented economies, particularly technology-heavy markets, while investors may diversify exposure across emerging-market opportunities.
    July 24, 2026
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    Dual-use export controls restrict supplies to European entities amid reciprocal Russia-related sanctions and non-proliferation concerns.
    China imposed dual-use export controls on 14 European entities in response to European Union sanctions affecting Chinese and Hong Kong enterprises. Chinese companies cannot export dual-use items to the listed organisations, and foreign companies are barred from supplying them with dual-use items made in China. China stated that the restrictions protect national security and interests and support international non-proliferation obligations in the context of Russia-related sanctions.

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      OPPO K13 Turbo Series: Power. Precision. Performance. The Turbo Era Begins!

      August 5, 2025

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      Built for gamers and power users, the OPPO K13 Turbo Series sets new standards with flagship-grade chipsets, thermal efficiency, and immersive audio-visual enhancements for immersive gaming scenarios In today’s gaming-first world, performance is not just expected, it is demanded. Whether it’s surviving the final circle in BGMI or pulling off clutch moves in Call of Duty: Mobile, smartphone gamers need devices that deliver unwavering speed, thermal efficiency, and console-grade stability. Addressing this demand, OPPO introduces the K13 Turbo Series — a new benchmark in the mid-premium performance segment. The series features two distinct smartphones: the OPPO K13 Turbo Pro, tailored for performance seekers and multi-taskers with power packed performance, and the OPPO K13 Turbo, designed for those who seek a balance of powerful performance and all-round productivity.

      Flagship Performance Meets Future-Ready Intelligence The OPPO K13 Turbo Series introduces two powerhouse variants built to redefine performance in the mid-premium segment: the K13 Turbo Pro and the K13 Turbo. Designed for next-gen gaming and multitasking, both smartphones are powered by advanced 4nm chipsets—Snapdragon 8s Gen 4 and MediaTek Dimensity 8450, respectively—offering exceptional power efficiency, enhanced CPU and GPU performance, and reliable thermal management even under prolonged usage.

      The K13 Turbo Pro, equipped with the flagship-grade Snapdragon 8s Gen 4, delivers a 31% boost in CPU and a 49% improvement in GPU performance compared to the previous generation. This is made possible by a newly designed Adreno GPU with advanced sliced architecture—similar to what’s found in the Snapdragon 8 Elite. Whether it’s marathon gaming sessions, running high-performance apps, or multitasking with livestreams and social feeds, the K13 Turbo Pro ensures faster app launches, smooth frame delivery, and longer battery life without compromising responsiveness. The chipset also brings advanced on-device intelligence with a next-gen NPU optimised for low-power AI tasks and full support for Gemini AI capabilities, including real-time text summarisation, image understanding, and intelligent suggestions—all while preserving user privacy. The K13 Turbo Pro is future-ready with support for Wi-Fi 7, 5G peak speeds up to 4.2Gbps, and Bluetooth 6.0, ensuring fast and stable connectivity. Thanks to on-device GenAI integration, the device intelligently adapts to user behaviour with smart scene recognition, lag-free voice commands, and game-specific battery optimisations—offering a seamless and private AI experience without reliance on the cloud.

      Meanwhile, the K13 Turbo, powered by the high-performance MediaTek Dimensity 8450, takes a significant architectural leap forward. Its All-Big Core Architecture and larger L3 caches deliver up to 41% improvement in multi-core performance while consuming 40% less power than its predecessor, the Dimensity 8350. It is paired with the powerful ARM G720 MC7 GPU, delivering 25% higher peak graphics performance and sustained high FPS even under intense loads. Adding to its intelligence, the Dimensity 8450 integrates the upgraded NPU 880 for 40% better AI efficiency—enabling features such as real-time voice recognition, scene optimisation, and system-wide smart enhancements. This combination ensures that the K13 Turbo isn’t just built for gaming—it’s optimised for all-round productivity and AI-powered user experiences.

      Together, the K13 Turbo Pro and K13 Turbo represent the perfect blend of flagship-grade performance and future-ready intelligence, tailored to meet the needs of power users, gamers, and digital multitaskers alike.

      More Stable Frame Rate in Long-Term Gaming For mobile gamers, raw processing power is only part of the equation—the true mark of a performance smartphone lies in how well it can sustain that power over time. Issues like thermal throttling, overheating, and device slowdown can seriously impact extended gaming sessions. That’s why the OPPO K13 Turbo Series goes beyond speed, introducing an industry-first active + passive cooling system in its segment, designed to deliver long-lasting, lag-free gameplay.

      At the heart of this system is Storm Engine, OPPO’s custom gaming optimisation platform, paired with a powerful cooling “exhaust” fan and a large vapour chamber. This intelligent thermal architecture ensures stable frame rates and lower surface temperatures during marathon sessions, even under demanding conditions.

      Thanks to this advanced cooling setup, peak device temperatures were reduced by up to 2–4°C compared to rival smartphones—ensuring smoother, cooler, and uninterrupted performance under pressure. In internal lab tests, the K13 Turbo Pro consistently achieved the lowest overall temperature among competitors during a 3-hour gaming session at 25°C and 120 FPS. It also delivered higher sustained frame rates, outperforming even the Snapdragon 8 Gen 3—enabled by its next-gen GPU architecture.

      In a separate one-hour high-temperature gaming challenge conducted at 30°C, the K13 Turbo Pro recorded the highest average frame count in its class, firmly establishing its position as the top performer under real-world stress conditions.

      Super Frame, Super Clear, High Score With the Snapdragon 8s Gen 4, the K13 Turbo Pro enhances gaming visuals using a Snapdragon enhanced Super Frame + Super Resolution pipeline that intelligently boosts frame rates and upscales graphics in real time — all without requiring a separate display chip. The result: smoother motion and sharper details even in graphically demanding titles. Players benefit from: • Ultra-high frame rates for smoother motion and reduced lag.

      • Movie-grade HDR effects, bringing cinematic contrast and realism to supported games.

      • High-resolution rendering, improving in-game clarity by optimising the draw-call pipeline, especially beneficial in open-world or FPS environments.

      Not Afraid of Heavy Gaming Loads OPPO K13 Turbo Series is not afraid of heavy gaming loads. It brings gamers the highest sustained performance, lowest thermal rise, and highest frame count — up to 120FPS — among devices in its class, even under prolonged usage. This is made possible with active and passive cooling systems that comprise a cooling “exhaust” fan, a large vapour chamber, and a 7-layer graphite cooling system. This smart thermal system ensures minimal heat buildup and efficient dissipation, resulting in the lowest temperature difference between hands (just 1.2°C) — far lower than competing products at the same level. This allows for ergonomic comfort during extended gameplay, without the usual heat spots. So, whether you are playing back-to-back matches, pushing frame rates in Genshin Impact, or multitasking with livestreams and background downloads, the device remains cool, responsive, and ready to deliver smooth 120Hz performance.

      Pro-Touch Optimisation for Elite Gameplay The K13 Turbo Series does not just excel in power — it delivers a flagship-grade touch control ecosystem fine-tuned for competitive gaming. At its core is the Synopsys 3910P flagship touch IC, ensuring low-latency, high-precision responsiveness during intense multi-finger operations.

      Whether you are fine-tuning Aim Down Sight (ADS) scopes in BGMI, Gaming Hot Zones optimisation eliminates jitter and ensures touch accuracy through game-specific calibration. The Screen Protector Detection helps adjusts sensitivity to boost click accuracy to over 95%. Meanwhile, Splash Touch keeps controls responsive despite sweaty hands or droplets that is essential for long sessions. For gamers who use finger sleeves or accessories, Glove Mode ensures ultra-precise touch response—even with materials up to 5mm thick. Whether you're gaming outdoors or in colder environments, the screen is engineered to flawlessly register every tap, swipe, and flick without compromising accuracy.

      Immersive Gaming Ecosystem To elevate the overall gaming experience, the OPPO K13 Turbo Series comes equipped with Dual Stereo Speakers, OReality Audio that delivers a more spatial and realistic sound experience, allowing players to hear directional cues, footsteps, and in-game action with greater clarity and depth, enhancing both immersion and competitive advantage. OPPO’s Game Assistant unlocks pro-level features like: • One-Tap Replay lets you instantly capture clutch moments, whether it’s a last-second grenade kill or an ace round and share them with your squad, all without interrupting your gameplay.

      • Silent Launch helps you sneak into games during meetings, late-night sessions, or lectures by disabling launch animations, sounds, and pop-ups which is perfect for a quick match without drawing attention.

      • Footstep Enhancer, powered by OPPO’s proprietary low-latency audio algorithms, activates when gamers are using headphones and amplifies spatial audio cues — helping you detect enemy movement or pinpoint gunfire direction in FPS titles like CODM, and BGMI, giving you a critical edge in ranked matches.

      Game Without Limits With the OPPO K13 Turbo Series, users no longer have to choose between power, thermal control, and immersive gameplay. This series offers India’s only smartphone with an integrated cooling fan, a future-ready gaming experience, and real-world sustained performance that rivals flagship processors, redefining what gamers should expect in 2025.

      (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR

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