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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
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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
    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
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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.

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      PHE Industries Celebrates 25 Glorious Years with the Powerful Expansion of Its Game-Changing Recon Series

      August 25, 2025

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      Faridabad, India | August 2025 PHE Industries Pvt. Ltd., the most trusted name in India when it comes to hydraulic system solutions, celebrates 25 years of innovation, reliability, and unwavering commitment to customer success. PHE started on small beginnings and now serves some of the most essential industries in India. PHE’s journey reflects not just business growth but a deep-rooted mission to power industrial India with cost-effective, precision-driven, and future-ready solutions.

      What began in 2000 as a modest vision by hydraulic expert Mr. Pankaj Srivastava, has today evolved into a national leader making industrial systems reliable, cost-efficient, and future-ready. Today, the company is best known for its industry-leading Recon Series reconditioned hydraulic pumps and motors that offer OEM-grade performance at a fraction of the cost.

      “We don’t just repair machines. We revive entire systems, industries, and confidence,” says Mr. Srivastava. “Our goal from day one has been to provide precision engineering without compromise and our 25-year journey is proof of that commitment.” The Recon Series: Revolutionizing Industrial Hydraulics In a capital-intensive industrial environment where uptime is mission-critical, PHE’s Recon Hydraulic Units have emerged as a preferred choice for cost-effective, high-performance hydraulic solutions.

      Previously viewed as a last-resort solution, reconditioned hydraulic systems are now a strategic advantage and PHE is proudly leading this transformation.

      The Recon Series offers reconditioned pumps and motors that are equal to the specifications of the OEM in specifications; its advantages are far beyond cost savings.

      Key Advantages of PHE’s Recon Units: ●Cost-Effective Performance: Nearly 50–60% more affordable than new imports without compromising on output.

      ●Quick Turnaround: Emergency-fit units help industries avoid prolonged downtime.

      ●Environmentally Conscious: Reconditioning promotes sustainability by extending equipment lifecycle and reducing industrial waste.

      ●Quality Without Compromise: Every unit is rebuilt using genuine components from global brands like Danfoss, Parker, Rexroth, Eaton, Linde, ensuring dependability and long-term durability.

      Engineering Precision You Can Trust Every Recon unit has its second life started by total dismantling and inspection and then it is reassembled with only certified OEM parts. It is handled by well trained technicians of PHE's own hydraulic institute and the units are also thoroughly tested on fully equipped state-of-the-art test benches located at Faridabad and Mumbai.

      To ensure complete transparency, clients also receive detailed test reports and operational videos, ensuring complete transparency and confidence.

      25 Years of Impact Across Critical Industries PHE’s reconditioned units now form the backbone of hydraulic systems across India’s most critical sectors: ● Marine and Port Operations ● Construction & Earthmoving Equipment ● Steel Plants & Manufacturing Units ● Railways, Defence, Oil & Gas The company’s client list includes top organizations like ONGC, DP World, Northern Railways, Sanghvi Movers, and Daryaa Shipping, among others.

      “In sectors where a single hour of downtime can cost lakhs, PHE’s Recon units ensure rapid replacements with reliable results,” says Mr. Srivastava.

      Expansion of Recon for HDD and Port Cranes: A National Milestone This July, PHE proudly expanded its Recon Series to cover Horizontal Directional Drilling (HDD) machines ranging from 30 to 800 tonnes, and heavy-lift port cranes up to 800 tonnes. This move makes PHE the first Indian company to provide OEM-standard reconditioned hydraulic units for such high-tonnage applications at scale.

      “We’re not just filling a gap, we're redefining expectations,” said Mr. Srivastava. “Recon is engineered for heavy-duty reliability without the price tag or waiting period of imports.” This expansion is poised to: ● Cut project delays in India’s infrastructure development ● Reduce dependency on imported equipment ● Support the ‘Make in India’ and Atmanirbhar Bharat visions Powered by Purpose: Training the Next Generation At the heart of PHE’s operational philosophy is the PHE Institute of Hydraulics, an in-house training center dedicated to upskilling technicians and engineers. By offering real-world training, failure diagnostics, and advanced system insights, the institute is building self-reliance and reducing foreign dependency.

      Why the PHE Institute matters: ● Hands-on curriculum based on real scenarios ● Failure analysis and preventive engineering practices ● Producing talent that reduces dependency on foreign expertise “With every engineer we train, we don’t just build skill, we build self-reliance,” adds Mr. Srivastava.

      An Ecosystem Built for Excellence In addition to Recon, PHE Industries has a highly complementary ecosystem that allows end-to-end scope of service delivery: ●PHE Industries Pvt. Ltd.: Parent company that performs hydraulic reconditioning, AMC services, on-site support and the sale of genuine parts.

      ●Suyojan Precision Engineers LLP: A specialized partner focused on hydraulic design and system integration.

      ●PHE Institute of Hydraulics: Training division preparing India’s hydraulic workforce.

      This ecosystem allows PHE to provide end-to-end, scalable, and reliable hydraulic solutions under one brand.

      Setting the Standard with Global Partnerships PHE’s commitment to genuine quality is reflected in its long-standing partnerships with leading global component manufacturers. These include: ●Danfoss ●Linde ●Eaton ●Rexroth ●Parker ●Bondioli & Pavesi This rigorous quality discipline ensures that every PHE-rebuilt unit is built to outlast and outperform a key reason behind its long-term client retention.

      Future-Ready: The Next 25 Years As PHE celebrates its silver jubilee, it also lays out a bold roadmap for the future: ● Pan-India AMC network for uninterrupted hydraulic services ● Expansion into international markets (UAE, Africa) ● Deeper digital presence through Google profiling, podcast appearances, and leadership content ● Strategic partnerships in ports, marine, and defense sectors “India has the potential to lead the world in affordable, high-quality hydraulic reconditioning. PHE is ready to lead that charge,” says Mr Srivastava.

      About PHE Industries Pvt. Ltd.

      Established in 2000, PHE Industries Pvt. Ltd. is India's best hydraulic system solutions and service provider in high performance reconditioning, repairs and maintenance of hydraulic pumps, motors and valves. PHE has 25 years of proven trusted service, a national presence, and has unparalleled ability to deliver on its promise of providing quality products and service. PHE remains the supplier of choice to industries where performance, precision and progress are paramount.

      From reconditioning to readiness, PHE stands for trust, transparency, and transformation.

      (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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