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    ACE Software Posts Earnings Turnaround; Standalone Profit Before Tax Up 43% YoY
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    Trane Technologies Reports Strong Second Quarter Results; Raises Full-Year Revenue and EPS Guidance
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    August 3, 2026
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    Quarterly financial performance reflects revenue growth, improved standalone profitability, and continued investment in AI-led digital technology platforms.
    Quarterly financial performance reported revenue growth in standalone and consolidated operations, higher standalone profit before tax, and a return to consolidated profitability. The company continues to invest in an AI-led, intellectual-property-driven digital technology strategy through enterprise software, SaaS platforms, digital commerce, cloud, data and AI solutions. Its priorities include scalable platforms, proprietary technology assets, recurring-revenue offerings, partnerships and selective acquisitions. Complete financial results, notes to accounts and regulatory disclosures are available through exchange filings and the company website.
    August 3, 2026
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    MSME delayed-payment reforms strengthen award recovery, faster dispute adjudication, invoice discounting, and interim supplier payment protection.
    MSME delayed-payment reforms seek faster adjudication, strengthened recovery and improved liquidity for enterprise suppliers. Courts may direct payment of at least half of an awarded amount where a setting-aside application remains pending beyond six months. Mediated settlements and arbitral awards may be recovered as arrears of land revenue and recognised as legally enforceable debts under the insolvency framework. The measures also provide graded penalties, voluntary digital registration, invoice settlement through the Trade Receivables Discounting System, and additional Facilitation Councils.
    August 3, 2026
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    Monetary policy rate setting remains cautious as inflation, liquidity, growth and global uncertainty shape the policy stance.
    Monetary policy rate setting is expected to remain cautious amid global uncertainty, rising inflation risks and steady domestic growth. The inflation outlook is affected by energy-price pass-through, higher input costs, and seasonal and monsoon-related food-price pressures. Policy decisions are expected to remain data-dependent, guided primarily by domestic inflation, liquidity conditions and economic growth. A cautious or neutral stance is identified as preferable while external risks and inflation developments persist.
    August 3, 2026
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    Forward-looking financial disclosure raises revenue and earnings guidance while describing non-GAAP measures, capital allocation, and material business risks.
    Financial performance reporting identifies increased bookings, revenue growth, continuing earnings, and backlog, with segment-level operating and margin measures. The release addresses cash flow, capital allocation through dividends, acquisitions and share repurchases, and increased full-year revenue and earnings guidance. Forward-looking statements concerning financial performance, operations, demand, liquidity and capital deployment are subject to identified risks and uncertainties. Non-GAAP measures are presented as supplemental to GAAP measures, with definitions and reconciliations stated to be available in accompanying materials.
    August 3, 2026
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    Counterfeit drug enforcement targets illicit manufacture, storage and trafficking networks, with coordinated seizures and referral of non-narcotic stock.
    Counterfeit-drug enforcement under Operation Vajra addressed an inter-state network involved in the illicit manufacture, storage and distribution of narcotic drugs, psychotropic substances and spurious pharmaceutical products. Searches of unregistered godowns recovered narcotic products, unauthorisedly manufactured Buprenorphine injection ampoules, and counterfeit non-NDPS medicines. A farmhouse-based illicit manufacturing facility was dismantled, with machinery, chemicals and related materials seized under the NDPS Act, 1985.
    August 3, 2026
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    Anti-smuggling enforcement targets concealed gold, narcotics, protected products, prohibited e-cigarettes and restricted imports through coordinated intelligence operations.
    Intelligence-led anti-smuggling operations resulted in seizures of foreign-origin gold, narcotic drugs, hydroponic weed, protected wildlife and forest products, prohibited electronic cigarettes, and restricted poppy seeds and areca nuts. The operations identified concealment through fabricated baggage cavities, false cargo declarations, misdeclaration of origin, forged documentation, and concealment in transport vehicles. Poppy seeds are restricted under the Foreign Trade Policy and may be imported only subject to conditions concerning legally cultivated produce from designated countries and registration of import contracts with the Narcotics Commissioner.
    August 3, 2026
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    Tax devolution advance instalment strengthens State finances for accelerated capital and developmental expenditure through distribution of Union tax proceeds.
    Tax devolution was released to State Governments as an additional advance instalment alongside the normal monthly devolution schedule. The fiscal transfer shares net proceeds of Union taxes and duties with States, with the stated purpose of strengthening State finances and supporting accelerated capital and developmental expenditure. The release includes a State-wise distribution of tax-devolution proceeds.
    August 3, 2026
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    Financial performance reporting highlights revenue and EBITDA growth, garmenting recovery, retail optimisation, ESG commitments, and forward-looking risk disclosures.
    Financial performance reflects growth in total income and EBITDA, with improved margin, reduced net working-capital days, and a net-cash position. Branded textiles and high-value cotton shirting reported lower revenue due to the prior-year base effect, while branded apparel grew but faced lower margin from channel mix. Garmenting improved through order-book execution, tariff rationalisation, and new global clients. ESG priorities include female representation, waste-management initiatives, renewable energy, emissions reduction, and workplace safety. Forward-looking statements remain subject to regulatory, political, economic, and technological risks.
    August 3, 2026
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    Foreign exchange market support strengthens the rupee as lower crude prices, portfolio inflows and reserve growth improve sentiment.
    Foreign exchange market conditions supported an early appreciation of the rupee against the US dollar, attributed to lower global crude oil prices, a weaker dollar, sustained foreign portfolio inflows, higher foreign exchange reserves, and Reserve Bank of India presence in the foreign exchange market. Domestic equity market gains and net foreign institutional equity purchases were also identified as supporting factors.
    August 2, 2026
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    Gold smuggling detection targets sophisticated concealment methods through strengthened passenger profiling, intelligence gathering and coordinated investigations into organised networks.
    Gold smuggling detection at Kerala airports led to multiple seizures, registration of cases and arrests in alleged smuggling attempts. Organised networks reportedly use gold in paste or compound forms concealed in clothing, body cavities, aircraft seats and other unconventional locations. Enforcement measures include strengthened passenger profiling, intelligence gathering and inter-agency coordination, while investigations continue to identify associated syndicates and financiers.
    August 2, 2026
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    Offshore exploration funding supports deepwater drilling, shared infrastructure and seismic data to strengthen domestic hydrocarbon production potential.
    The Samudra Manthan National Offshore Exploration Scheme provides direct budgetary support for high-risk deepwater and ultra-deepwater exploratory drilling, subject to cost-sharing and per-well limits. Support is available to eligible operators holding or securing exploration acreage. The scheme also funds offshore data acquisition and shared subsea, receipt and processing infrastructure through a Common Hub Infrastructure model. It is intended to promote risk exploration, improve commercialisation of offshore discoveries and strengthen domestic hydrocarbon production potential within the existing exploration and licensing framework.
    August 1, 2026
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    GST compliance enforcement combines taxpayer refunds, analytics-based fraud detection, cancellation of fake registrations, and recovery of outstanding VAT arrears.
    Punjab attributed increased GST collections to voluntary compliance, intelligence-based enforcement and technology-driven tax administration, while facilitating compliant taxpayers through timely GST refunds. Data analytics, risk profiling and field verification were used to identify tax evasion, bogus billing, fake input tax credit networks and misuse of the GST registration framework. Measures included penalties, cancellation of fraudulent registrations and recovery of long-pending VAT arrears through attachment and auction of defaulters' properties.
    August 1, 2026
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    Cross-border barter trade resumes through Shipki La, subject to permitted goods, time limits, and import-export compliance requirements.
    Cross-border barter trade through Shipki La between India and Tibet resumed after a six-year interruption. Traders may exchange specified goods under a barter arrangement and must return within 72 hours. Traders are required to comply strictly with import-export regulations prescribed by the Union Ministry of Commerce, emphasising transparency and regulatory compliance. Expansion of permitted goods may be pursued through prescribed governmental and external-affairs channels.
    August 1, 2026
    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
    Show AI Summary
    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
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    GST revenue collections show provisional gross, refund and net revenue trends, with State-wise settlement and domestic collection data.
    GST revenue collections for July 2026 are reported provisionally through gross domestic and import revenue, domestic and export-related refunds, and net GST revenue after refunds. The data also sets out SGST collections and the SGST share of IGST settled to States and Union Territories, both monthly and cumulatively. State-wise domestic GST growth excludes GST on imported goods, while jurisdiction-wise data allocates collections between central and State formations and identifies CGST, SGST and IGST components.
    August 1, 2026
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    Bilateral trade cooperation expands through a Joint Trade Committee covering investment, critical minerals, healthcare, digital technologies and market access.
    Bilateral trade and investment cooperation between India and Rwanda is to be advanced through a structured Joint Trade Committee mechanism for reviewing commerce, diversifying trade, promoting investment, facilitating business engagement and addressing market-access and logistical issues. Priority cooperation includes critical minerals, pharmaceuticals and healthcare, agriculture and agro-processing, standards harmonisation, digital public infrastructure, fintech, cybersecurity, green mobility and renewable energy. Investment focal points will support engagement, while capacity-building assistance and close monitoring of the Agreed Minutes are intended to support time-bound implementation.

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      The dowry trap: Noida's Nikki Bhati only the latest in an endless list

      August 27, 2025

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      New Delhi, Aug 26 (PTI) The spectre of dowry has returned to the national centrestage with the horrific death of 26-year-old Nikki Bhati, highlighting once again the age-old trap of patriarchal control, societal norms and weak law enforcement that millions of women are caught in.

      Every day, somewhere in the country, 20 women die because their families have been unable to satisfy dowry demands, according to the National Crime Records Bureau (NCRB). Nikki Bhati was one of them, a statistic and so much more than that.

      Nikki was allegedly set ablaze in Greater Noida’s Sirsa village on August 21, purported videos of her assault by her husband and then of her in flames shaking the collective conscience. Her family - which got Nikki and her sister married to two brothers - said they gifted her in-laws a Scorpio, a motorcycle and gold during the wedding in 2016. But there was no satiating the demand and they were later presented with a fresh demand of Rs 36 lakh and a luxury car.

      "I recently attended a wedding in Noida and it was horrifying. I saw luxury cars -- Fortuners, Mercedes -- being openly gifted as dowry. Politicians were there, celebrating. I couldn’t tolerate witnessing such glorification of dowry and left,” women’s rights activist Yogita Bhayana told PTI.

      "Even in Nikki's case, I was on a channel where her father was also a panellist. Despite what they’re facing now, during the debate he repeatedly emphasised that he had given a top-model SUV to his son-in-law. This only shows how normalised dowry is, even among those grieving," she said.

      That Nikki, who ran a beauty salon with her sister and had a presence on social media, reached out to her family for help, a panchayat had to sit to deliberate the issue more than once and she was still sent back only underscores how interwoven the custom of dowry is in societal fabric.

      Dowry not only persists but remains rampant in many parts of India, where, instead of being condemned, it is often glorified by both the groom’s and bride’s families, Bhayana pointed out.

      And horrifying though her death is, Nikki, who got married when she was just 17, is not the only one.

      Dowry, outlawed in India since 1961, continues to be the grim societal reality where the bride's family is expected to gift cash, clothes and jewellery to the groom's family. And if they don’t, harassment, torture and death, often by burning, is the grim escalating trajectory for many women.

      The investigation into Nikki’s death throws up new evidence each day, indicating a possible shift from the initial findings that she was set on fire by her husband Vipin and his family. All the accused -- husband Vipin Bhati, mother-in-law Daya, father-in-law Satveer Bhati, brother-in-law Rohit Bhati - are under arrest.

      Was she killed or did she kill herself? It matters little. The fact is that she was one more victim of dowry and relentless harassment that lasted nine years, pushing her to a gruesome, untimely death.

      A day after Nikki's death in a village on the outskirts of India’s national capital, Sanju Bishnoi, a school teacher, allegedly set herself and her daughter on fire in Jodhpur, Rajasthan, so tormented by dowry demands that she sat her three-year-old down on her lap, poured inflammable liquid over them and lit up.

      The child died instantly while Sanju succumbed to her injuries the following day during treatment.

      "Despite women now holding high-paying jobs, they are still treated as dependents, with dowry fulfilling a need to satisfy male ego. When this control feels threatened, it can escalate to abuse and even violence, often carried out with little regard for consequences," explained Dr Shweta Sharma, founder of Mansa Global Foundation for Mental Health.

      Digging deeper, the psychologist explained that dowry has evolved into a tool for "reinforcing patriarchal control" and a symbol of the girl being a liability with her parents expected to fulfill the so called obligation.

      A study by Jeffrey Weaver of University of Southern California and Gaurav Chiplunkar of University of Virginia that examined more than 74,000 marriages in India between 1930 and 1999 found that 90 per cent involved dowry. Besides, payments between 1950 and 1999 amounted to a staggering quarter of a trillion dollars.

      Bhayana added that male entitlement coupled with the conditioning that asks women to “endure and stay silent” leads to the practice being perpetuated.

      She stressed that the victims’ parents should not be completely absolved of blame "We often portray parents of victims solely as victims themselves, but sometimes, they also enable these situations. Nikki, too, must have expressed distress multiple times. Still, the parents sent her back -- fearing society's judgment, choosing image over her safety. And we all know this wasn’t the first time she was beaten... Her death wasn’t an isolated crime. It was systemic," she added.

      Bhayana called for social change, strict enforcement of laws and meaningful awareness campaigns rather than self-glorifying government posters.

      Dowry and the expectation of it is not confined to any one bracket. It cuts across castes and classes, not just pan India but all pervasive.

      The stories are endless, some which make big news, others that barely make it to the papers and those that are never reported.

      In Khargone, Madhya Pradesh, a 23-year-old married six months ago was reportedly hospitalised with burn injuries. She alleged that her husband branded her with a heated knife over dowry demands. Police has registered a case.

      And the question is - will this woman, whose case made it to a few paras in a newspaper, ever get justice.

      Addressing the “low conviction rate” in dowry cases, lawyer Seema Kushwaha said dowry demands have evolved over time, with the groom's families often claiming that the items given were mere “gifts, not demands" and using this as a legal defense to dismiss allegations.

      "This common tactic significantly weakens the woman's case in court," said the Supreme Court lawyer, adding that the spread of narratives emphasizing the few cases of women misusing Section 498A of the Indian Penal Code -- the stringent anti-dowry law -- undermines the cases of the larger group of genuine victims.

      Section 498A was introduced in 1983 after a spate of dowry deaths in Delhi and elsewhere in the country.

      Kushwaha emphasised the urgent need to nip the problem in the bud, asking why acts like "a husband slapping his wife or in-laws blaming her family for trivial matters soon after marriage" often do not lead to an FIR.

      "Courts often interpret cruelty based on societal norms rather than strictly following codified law. They require medical reports or visible bruises to confirm cruelty, which unfairly disadvantages victims of mental and emotional abuse that leaves no physical marks," she said.

      According to the National Crime Records Bureau (NCRB), 35,493 brides were killed in India between 2017 and 2022 -- averaging nearly 20 deaths a day -- over dowry demands, sometimes occurring even years after the wedding. PTI MG MIN MIN MIN

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