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    ACE Software Posts Earnings Turnaround; Standalone Profit Before Tax Up 43% YoY
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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.
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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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    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.
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    Financial performance reporting highlights revenue and EBITDA growth, garmenting recovery, retail optimisation, ESG commitments, and forward-looking risk disclosures.
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    Gold smuggling detection targets sophisticated concealment methods through strengthened passenger profiling, intelligence gathering and coordinated investigations into organised networks.
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    August 1, 2026
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    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.
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    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.

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      'Shauq pal': Opposition slams Lokpal after it floats tender to buy 7 BMW cars

      October 22, 2025

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      New Delhi, Oct 22 (PTI) Top anti-corruption ombudsman Lokpal drew sharp criticism from the opposition on Wednesday after floating a tender to procure seven luxurious BMW cars, with leaders accusing the "guardians of integrity" of "chasing luxury over legitimacy".

      Congress general secretary in-charge communications Jairam Ramesh took a sharp dig at the Lokpal, saying the institution is now a "Shauq pal", a play on the Urdu word that loosely translates to pursuing personal interests or indulgences.

      Ramesh also questioned the Lokpal's investigative track record, asking what significant arrests or probes it has accomplished.

      Speaking with PTI, the Congress leader said a false narrative was created against the Manmohan Singh government with Anna Hazare, Arvind Kejriwal, "India Against Corruption" and the Rashtriya Swayamsevak Sangh (RSS) indulging in propaganda, and added that now, the reality of the Lokpal is before the people of the country.

      It needs to be asked what investigations has the Lokpal carried out and whose arrests it has succeeded in, Ramesh said.

      He said the Lokpal is now more of a "shock pal", "shok (mourn) pal" and "shauq (indulgence) pal".

      Senior Congress leader and former home minister P Chidambaram wondered that when Supreme Court judges are given modest sedans, why do the chairman and six members of the Lokpal require BMW cars.

      "Why spend public money to acquire these cars? I hope that at least one or two members of the Lokpal have refused, or will refuse, to accept these cars," Chidambaram said in a post on X.

      Senior Congress leader Abhishek Manu Singhvi also criticised the move and took a swipe at the Lokpal.

      "I chaired the Parliamentary Committee on Lokpal. Dr L M Singhvi first conceived idea of Lokpal in the early 1960s. To see this anti-corruption body now ordering BMWs for its members is tragic irony, the guardians of integrity chasing luxury over legitimacy," Singhvi said in a post on X.

      In another post, he said, "8,703 complaints. Only 24 probes. 6 prosecution sanctions. And now, BMWs worth Rs 70 lakh each. If this is our anti-corruption watchdog, it's more poodle than panther!" In a post on X, Trinamool Congress (TMC) MP Saket Gokhale said, "Lokpal's luxury. Annual budget of India's Lokpal is Rs 44.32 crore. Now, Lokpal is purchasing 7 luxury BMW cars at approx Rs 5 crore for all members. This equals 10 per cent of the entire annual budget." "Lokpal is supposedly an anti-corruption body. So who will probe the corrupt Lokpal?" Gokhale asked.

      Shiv Sena (UBT) MP Priyanka Chaturvedi also lashed out at the Lokpal for inviting tenders from reputed agencies for the supply of seven BMW 3 Series Li cars.

      "Gazab ka Jokepal at Indian taxpayers expense. Oh btw what happened to Swadesi call by GoI?" she asked in a post on X.

      In another post, Chaturvedi said, "Lokpal was meant to bring transparency and accountability into the system and curb corruption but then the institution itself has become morally corrupt. Right from 'investigating' Mahua Moitra's Bobbi Brown lipstick, Hermes scarf to wanting to acquire BMW for comfort, that's why I call it Jokepal or LOLpal -- you prefer." The anti-graft ombudsman has floated a tender to procure seven luxury BMW cars, collectively worth around Rs 5 crore.

      According to the tender and the manufacturer's website, the long-wheelbase sedan, with an on-road price of approximately Rs 69.5 lakh per unit in Delhi, is described as the longest and most spacious car in the segment designed for outstanding comfort in an extremely-luxurious cabin.

      "The Lokpal of India invites open tenders from reputed agencies for supply of seven BMW 3 series 330Li cars to the Lokpal of India," read the tender floated on October 16, which specifically mentioned the procurement of the "M Sport" model, with "long wheelbase" and in white colour.

      The procurement aims to provide a vehicle for each of the institution's current members, including Chairman Justice (retired) A M Khanwilkar and six others. The sanctioned strength of the Lokpal is eight.

      The Lokpal's tender says the selected vendor must conduct a comprehensive seven-day practical and theoretical training programme for the anti-graft ombudsman's drivers and designated staff, the cost of which will be exclusively borne by the vendor.

      The training, which must be completed within 15 days of the vehicles' delivery, is required to cover "familiarisation with all controls, features and safety systems", "emergency handling" and a minimum of 50 to 100 kilometres of on-road practice for each driver.

      The last date for bid submission is November 6, with an earnest money deposit of Rs 10 lakh required from bidders. The delivery has been sought in "preferably two weeks but not later than 30 days" from the supply order date, according to the tender. PTI ASK SKL RC

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