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    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
    West Bengal GST collection rises 2 pc in July to Rs 5,564 crore
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    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
    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
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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
    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.
    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.

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      From Grit to Glory: OMG Face of the Year 2025 Crowns India’s Next-Gen Icons

      August 12, 2025

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      L-R: Akash Manwani – Vice President D’cot Fashion, Abhijeet Adurkar - General Manager The Resort, Mumbai; Celebrity Shivam Khajuria, Rohit Khandelwal (Mr. World 2016), with Blanckanvas Media Founder Parimal Mehhta, Sini Shetty Miss (India World 2022); Kannagi Desai - Beauty Editor Elle India, Rochelle Chabra - Director Streax Professional, Shirin Merchant - Technical Ambassador, Streax Professional Mumbai (Maharashtra) [India], August 12: After weeks of tasks, transformations, and turning points, the curtains closed on a spectacular Season 3 of OMG Face of the Year with a resounding message: true talent goes far beyond the surface. Held in Mumbai, the grand finale of India’s biggest digital talent hunt turned the spotlight on individuality, self-expression, and breakthrough stories that inspired.

      The evening crowned three exceptional winners: • Miss OMG 2025 – Rashmita Shettigar (Karnataka) • Mr. OMG 2025 – Piyush Lalwani (Maharashtra) • Streax Professional Hairstyle Icon of the Year – Priyanka Sinha (West Bengal) For Miss OMG Rashmita Shettigar, the journey was one of self-discovery. "When I arrived, I didn’t know where I belonged. But this experience showed me that being different is my strength. This win represents every young woman who’s been told she’s either too much or not enough," she said.

      Mr. OMG Piyush Lalwani shared how the competition helped him grow beyond expectations. "OMG challenged me physically, mentally, and emotionally. The person I’ve become is stronger and more self-assured—and that means more to me than any title.

      Streax Professional Hairstyle Icon of the Year winner Priyanka Sinha reflected on her artistry through hairstyling: "Hair is an extension of who we are. Each challenge allowed me to explore and present my creativity. This title is recognition of that expression and vision." Runners-up who impressed with their grit and individuality: • 1st Runners-up – Mr. OMG: Faizan Khan from Uttarakhand, Miss OMG: Prisha Bakshi from Maharashtra ·2nd Runners-up – Mr. OMG: Rajeev Pawar from Karnataka, Miss OMG: Ahana Chauhan from Maharashtra • Streax Professional Hairstyle Icon of the Year 1st Runner-up – Bhaskar Jyoti from Assam ·Streax Professional Hairstyle Icon of the Year 2nd Runner-up – Durmit Garge from Gujarat The finale was elevated by the presence of beauty icons like Sini Shetty (Femina Miss India 2022), Rohit Khandelwal (Mr. World 2016), and television personality Shivam Khajuria, who cheered on the finalists with their encouragement and charisma.

      The event was judged by an accomplished panel from the fashion, beauty, and lifestyle industries: • Rochelle Chabra – Head, Streax Professional • Abhijeet Adurkar – General Manager, The Resort, Mumbai • Akash Manwani – Vice President, D’Cot Fashion • Kannagi Desai – Beauty Editor, Elle India • Shirin Merchant – Technical Ambassador, Streax Professional The journey doesn’t end here — audiences will soon witness every raw moment, every challenge, and every breakthrough in the OMG Face of the Year Season 3 reality series, streaming soon on Hungama OTT.

      Powered by Passion, Backed by Vision: This edition was brought to life by the generous support of Title Sponsor Streax Professional, Powered by The Resort, and Co-powered by D’Cot Fashion. The night was made even more dazzling as contestants were styled by the talented duo Kavita Kharayat and Sunny Kamble, who brought each look to life with finesse and flair. Adding depth to the runway were standout designer labels, including Gaddani by Abdul Hadi Niyas, Label Pramila by Pooja Singh, House of NM by Nidhi Munim, Modo Caldo by Jigyasa Jolly, and Felix Bendish — each contributing their unique aesthetic to the showcase. Enhancing the glamour were Anusaya Beauty and Riana, who joined as Jewellery Partners, completing every look with elegance and sparkle.

      Speaking about the partnership, Rochelle Chabra shared: This was our first collaboration with OMG Face of the Year, and it couldn’t have been more aligned with our vision. By merging it with the Streax Professional Hairstyle Icon of the Year, we were able to spotlight not just exceptional styling skills, but the power of individuality and creative expression. At Streax Professional, championing hairstylists isn’t just something we do — it’s deeply embedded in our brand’s DNA. For years, we’ve consistently empowered, educated, and elevated them to the forefront, and this platform further strengthens that commitment.

      Parimal Mehhta, the show’s founder and curator, emphasised the platform’s evolution and cultural relevance. "Season 3 affirmed something truly significant — that today’s generation values authenticity just as much as visibility. It’s no longer just about looks or performance; it’s about meaning, intention, and personal voice. OMG Face of the Year has transformed into a powerful platform where emerging talent can share their real stories, challenge norms, and be unapologetically themselves. We’re not just discovering stars — we’re nurturing changemakers. The anticipation for Season 4 is already building, and it promises to be even more inclusive, expressive, and bold." Abhijeet Adurkar, General Manager, The Resort, Mumbai, added: “The Resort has always been known to host meaningful events. Supporting a platform like OMG, which empowers young talent, aligns perfectly with our spirit of celebration.” Akash Manwani, Vice President, D’Cot Fashion, said: “Platforms like OMG bring that philosophy to life by putting the spotlight on confidence, voice, and personal style. We’re proud to be a part of that story.” A Celebration Powered by Meaningful Collaborations OMG Face of the Year 2025 was elevated by a league of partners who added finesse, flair, and flavor to every moment: Eva Flotter by Action Plus kept the finalists stylish as Footwear Partner, while The Tea Culture of the World served artisanal blends as Refreshment Partner. Radio City built buzz as Radio Partner, Svar Gems added sparkle as Crown & Trophy Partner, and Media World brought the entire event to life as the Event Partner, taking charge of the full setup and on-ground experience.

      Mid-Day amplified reach as Print Partner and Bright Outdoor as Outdoor Media Partner, with 1664 Blanc as Happiness Partner and Frizzano Sparkling Wine as Celebration Partner, setting the celebratory mood.

      Adding layers of indulgence and elegance were PADM by Roopa (Fragrance Partner), Occasions Dry Fruits (Premium Nourishment Partner), and House of Samsara (Signature Sip Partner). Style and spirit were brought in by Horra Luxury (Accessory Partner) and Woodburns Contemporary Indian Whisky (Spirit Partner). And rounding out the experience, Six Brothers Mahura joined as the Exquisite Experience Partner — making the night a perfect fusion of glamour, creativity, and celebration.

      About OMG Face of the Year: As India's biggest digital talent hunt, OMG Face of the Year is the ultimate launchpad for the next generation of models and artists. Now in its explosive third season, it's the most talked-about event in the Indian beauty and fashion scene.

      About Streax Professional Streax Professional, a brand closely associated with style and glamour in the salon business, was launched in 2004 by Hygienic Research Institute. Streax Professional is the smart choice for smart Indian stylists and consumers. Launching innovative products with well-researched formulations, especially suited to Indian hair types, Streax Professional is the forerunner in the professional segment with the widest distribution network. Streax Professional Hair colourant range (Colour, Developer and Ultralights) is on a continuous growth path and has a partnership with over 40,000 salons across India.

      About Hygienic Research Institute Hygienic Research Institute Private Limited (HRIPL) is a prominent Indian leader in beauty and personal care products, specialising in hair care, skin care, and salon services. With over 60 years of legacy since 1957, HRIPL has grown from a single-brand promoter-owned entity to a multi-brand, multi-category organisation backed by private equity Premji Invest and is known for brands like Vasmol, Streax, and Streax Professional, along with Florozone in skin care. Committed to quality, innovation, and customer satisfaction, HRIPL operates with a vision to offer excellent products and services globally while fostering growth and spreading happiness. The company boasts a robust manufacturing legacy across six locations, adhering to international quality standards. HRIPL is honoured with accolades such as Great Place to Work, Best Workplace for Innovation, and recognition in the FMCG sector, underscoring its commitment to excellence in workplace culture and innovation.

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

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