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    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.
    August 1, 2026
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    GST collection growth in West Bengal continued year-on-year in July but remained below the national growth trend.
    West Bengal's July GST collection increased year-on-year and over the preceding month, marking a second consecutive month of annual growth. Official data also indicated that the State's annual growth rate was below the national trend, while gross domestic GST revenue excluding imports and overall gross GST collections including import-related taxes rose nationally during July.
    August 1, 2026
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    GST collection growth reflects higher revenue mobilisation from domestic transactions and imports, with refunds adjusted in net revenue.
    Goods and Services Tax collections increased in July, driven by higher revenue from domestic transactions and imports. The gross collection comprised Central GST, State GST and Integrated GST components. Refunds also increased during the month, and net GST revenue was determined after adjustment of refund outflows from gross tax receipts.
    August 1, 2026
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    Concessional foreign-exchange swaps encourage bank deposits and foreign borrowings to strengthen balance-of-payments resilience and foreign-exchange liquidity.
    The Reserve Bank of India introduced a concessional foreign-exchange swap facility to encourage foreign-currency inflows, strengthen the balance of payments and support foreign-exchange liquidity. The facility applies to fresh Foreign Currency Non-Resident (Bank) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings. Foreign Currency Non-Resident (Bank) deposits constitute the principal source of inflows mobilised under the arrangement. The facility is available for specified time-bound periods, with a later availability period for Overseas Foreign Currency Borrowings and External Commercial Borrowings.

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      Israel's plan to take over Gaza City stirs fears for civilians and hostages

      August 9, 2025

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      Jerusalem, Aug 9 (AP) Israel's decision to intensify its 22-month war with Hamas by taking over Gaza City has stirred fears for Palestinian civilians and Israeli hostages still held in Gaza, and renewed international pressure for an end to the conflict.

      Israel's air and ground war has killed tens of thousands of people in Gaza, displaced most of the population, destroyed vast areas and pushed the territory toward famine. The timing of another major ground operation is unclear. It will likely require mobilising thousands of troops and forcibly evacuating civilians, almost certainly worsening Gaza's humanitarian crisis.

      An official familiar with the plans to take over Gaza City said the operation would be “gradual” and that there is no start date. The official spoke on condition of anonymity to discuss sensitive matters.

      The UN Security Council announced an emergency meeting on Israel's plans was rescheduled to 10 am EDT on Sunday after originally being scheduled to take place at 3 pm EDT on Saturday.

      The UN Mission of Panama, which holds the council presidency this month, provided no details, but Saturday is the Jewish Sabbath and Israel is certain to want to speak at the meeting.

      Mediators from Egypt and Qatar are preparing a new framework that will include the release of all hostages — dead and alive — in one go, in return for an end of the war in Gaza and the withdrawal of Israeli forces from the strip, two Arab officials told The Associated Press.

      Before Israel's Security Cabinet approved the plan to take over Gaza City, Prime Minister Benjamin Netanyahu had outlined more sweeping plans on Thursday in an interview with Fox News, saying Israel planned to take control of all of Gaza. Israel already controls around three-quarters of the territory.

      Hamas rejected Israel's plans. “Expanding of aggression against our Palestinian people will not be a walk in the park,” the group said in a statement.

      Netanyahu had signalled plans for even broader war International powers, including Israeli allies France, Britain and Canada, have stepped up criticism of the war amid mounting shock over media reports showing starvation.

      Germany said on Friday it would not authorise the export of military equipment that could be used in Gaza until further notice.

      Tensions could rise further if Netanyahu follows through on the more sweeping plans to take control of the entire territory, two decades after Israel's unilateral withdrawal.

      Israel's new plan may be aimed in part at pressuring Hamas to accept a ceasefire on Israel's terms.

      It may also reflect the reservations of Israel's military chief of staff, Lt Gen Eyal Zamir, who reportedly warned that expanding operations would endanger the remaining 20 or so living hostages held by Hamas and further strain Israel's army after nearly two years of regional wars.

      The military “will prepare to take control of Gaza City while providing humanitarian aid to the civilian population outside the combat zones,” Netanyahu's office said in a statement after the Security Cabinet meeting.

      Amir Avivi, a retired brigadier general and chairman of Israel's Defense and Security Forum, estimated it would take less than three months to mobilise some 30,000 troops, evacuate Palestinian civilians and take over Gaza City.

      Hamas-led militants triggered the war when they stormed into Israel on October 7, 2023, killing around 1,200 people and abducting 251 people. Most of the hostages have been released in ceasefires or other deals but 50 remain inside Gaza. Israel believes around 20 of them to be alive.

      Israel's retaliatory campaign has killed over 61,000 Palestinians, according to Gaza's Health Ministry, which does not say how many were fighters or civilians. The ministry is part of the Hamas-run government and staffed by medical professionals.

      The United Nations and independent experts view the ministry's figures as the most reliable estimate of casualties. Israel has disputed them without offering a toll of its own.

      Mediators try again to end the war The efforts for a new ceasefire have the backing of major Arab Gulf monarchies, according to two officials who spoke anonymously due to the sensitivity of the discussions. One is involved directly in the deliberations and the second was briefed on the efforts. The monarchies are concerned about further regional destabilisation if Israel fully reoccupies Gaza, the officials said.

      The yet-to-be finalised framework aims to address the contentious issue of what to do with Hamas' weapons, with Israel seeking full disarmament and Hamas refusing. The official directly involved in the efforts said discussions are underway about “freezing arms,” which may involve Hamas retaining but not using its weapons. It also calls for the group to relinquish power in the strip.

      A Palestinian-Arab committee would run Gaza and oversee the reconstruction efforts until the establishment of a Palestinian administration with a new police force, trained by two US allies in the Middle East, to take over the strip, the official said. It is unclear what role the Western-backed Palestinian Authority would play.

      The second official said the US administration has been briefed on the broad lines of the framework.

      A senior Hamas official, speaking on condition of anonymity because he was not authorised to brief the media, said the group has yet to receive details on the latest efforts to revive ceasefire talks.

      AP reached out to the governments in Qatar, Egypt and Israel as well as the White House for comment.

      Wishes for an end to the war US envoy Steve Witkoff told hostage families during his recent visit that Israel was shifting its approach to pursue a comprehensive “all-or-nothing” deal aimed at ending the war and securing the release of hostages, a person who attended the meeting told the AP, speaking on the condition of anonymity as they were not authorized to speak about the private meeting.

      Israelis united behind the war in the aftermath of the October 7 attack, but dissent has steadily grown as hostages have languished in captivity. Some families of the hostages and their supporters have staged large protests calling for a ceasefire with Hamas that would bring their loved ones home.

      “All of Israel wants a comprehensive deal and an end to the war,” Einav Zangauker, mother of hostage Matan Zangauker, said in a statement on Friday. “For the State of Israel to guarantee the security of its citizens, we must end this injustice that has been done to our loved ones for 22 months.” There is nothing here to occupy Israel has repeatedly bombarded Gaza City and carried out numerous raids there, only to return to neighborhoods again and again as militants regrouped. Today, it is one of the few areas in Gaza that has not been turned into an Israeli buffer zone or placed under evacuation orders.

      Umm Youssef from Gaza City said she had left the city for over 16 months before returning to her home.

      "The area is all rubble. Rubble is an overstatement, it is a sandpile. There is nothing here to occupy. There is no life here," she said.

      A major ground operation there could displace tens of thousands of people and further disrupt efforts to deliver food to the hunger-stricken territory.

      At least six Palestinians were shot dead and more than 140 were wounded on Friday at the Israeli-run Zikim Crossing in northern Gaza, where UN aid convoys enter, according to Dr Mohamed Abu Selmiya, the director of Shifa Hospital, which received the dead and wounded. He said all six were killed by Israeli gunfire. There was no immediate comment from the Israeli military.

      It is unclear how many people are still in Gaza City. Hundreds of thousands fled under evacuation orders in the opening weeks of the conflict, but many returned during a ceasefire earlier this year. (AP) RUK RUK

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