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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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    Raymond Lifestyle Limited Delivered a stable Q1 FY27 Performance
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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
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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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      Trump's racist post about Obamas deleted after backlash despite White House earlier defending it

      February 7, 2026

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      Washington, Feb 7 (AP) US President Donald Trump's racist social media post featuring former President Barack Obama and his wife Michelle Obama as primates in a jungle was deleted after a backlash from both Republicans and Democrats who criticised the video as offensive.

      The Republican president's Thursday night post was deleted on Friday and blamed on a staffer after widespread backlash, from civil rights leaders to veteran Republican senators, for its treatment of the nation's first Black president and first lady. The deletion, a rare admission of a misstep by the White House, came hours after press secretary Karoline Leavitt dismissed "fake outrage" over the post. After calls for its removal for being racist -- including by Republicans -- the White House said a staffer had posted the video erroneously and it had been taken down.

      The post was part of a flurry of social media activity on Trump's Truth Social account that amplified his false claims that the 2020 election was stolen from him, despite courts around the country and a Trump attorney general from his first term finding no evidence of fraud that could have affected the outcome.

      Trump has a record of intensely personal criticism of the Obamas and of using incendiary, sometimes racist, rhetoric -- from feeding the lie that Obama was not a native-born US citizen to crude generalisations about majority Black countries.

      The post came in the first week of Black History Month and days after a Trump proclamation that cited "the contributions of black Americans to our national greatness and their enduring commitment to the American principles of liberty, justice, and equality." An Obama spokeswoman said the former president, a Democrat, had no response.

      An internet meme -------------------- Nearly all of the 62-second clip, which was among dozens of Truth Social posts from Trump overnight, appears to be from a conservative video alleging deliberate tampering with voting machines in battleground states as the 2020 presidential votes were tallied. At the 60-second mark is a quick scene of two primates, with the Obamas' smiling faces imposed on them.

      Those frames were taken from a separate video, previously circulated by an influential conservative meme maker. It shows Trump as "King of the Jungle" and depicts a range of Democratic leaders as animals, including Joe Biden, who is white, as a jungle primate eating a banana.

      "This is from an internet meme video depicting President Trump as the King of the Jungle and Democrats as characters from the Lion King," Leavitt said by text.

      Disney's 1994 feature film that Leavitt referenced is set on the savannah, not in the jungle, and it does not include great apes.

      "Please stop the fake outrage and report on something today that actually matters to the American public," Leavitt added.

      By noon, the post had been taken down with responsibility placed on a Trump subordinate.

      The White House explanation raised additional questions about the control of Trump's social media account, which has also been used to levy import taxes, threaten military action, make domestic policy announcements and intimidate political rivals. The president often signs his name or initials after policy announcements.

      The White House did not immediately respond to questions about its process for vetting posts and how it guarantees that the public knows when Trump himself is posting.

      Mark Burns, a pastor and a prominent Trump supporter who is Black, said Friday afternoon on X that he had spoken "directly" with Trump about the post. He recommended to Trump that he fire the staffer who posted the video and publicly condemn what happened.

      "He knows this is wrong, offensive, and unacceptable," Burns posted.

      Condemnation across the political spectrum ------------------------------------------------ Trump and the official White House social media accounts frequently repost memes and artificial intelligence-generated videos. As Leavitt did on Friday, Trump aides typically dismiss critiques and cast the images as humorous.

      Yet while it was still up, Trump's post drew condemnation from across the political and ideological spectrum -- and demands for an apology that had not come by the early afternoon.

      The Rev Bernice King, daughter of the assassinated civil rights icon Martin Luther King Jr, resurfaced her father's words, "Yes. I'm Black. I'm proud of it. I'm Black and beautiful." She praised Black Americans as "diverse, innovative, industrious, inventive" and added, "We are beloved of God as postal workers and professors, as a former first lady and president. We are not apes." The US Senate's lone Black Republican, Tim Scott of South Carolina, called on Trump to take down the post. "Praying it was fake because it's the most racist thing I've seen out of this White House," Scott, who chairs Senate Republicans' mid-term campaign arm, said on social media.

      Another Republican, Sen Roger Wicker of Mississippi, is white but represents the state with the largest percentage of Black residents. Wicker called the post "totally unacceptable" and said the president should apologise.

      Some Republicans who face tough reelections this November voiced concerns as well, feeding an unusual cascade of intra-party criticism for a president who often has enjoyed a strangle-hold over fellow Republicans who stayed silent over some of Trump's previous controversial statements or fear a public spat with the president or losing his endorsement in a future campaign.

      NAACP President Derrick Johnson pointed to Trump's wider political concerns, asserting that Trump is trying anything to distract from economic conditions and attention on the Jeffrey Epstein case files.

      "Donald Trump's video is blatantly racist, disgusting, and utterly despicable," Johnson said in a statement. "You know who isn't in the Epstein files? Barack Obama," he continued. "You know who actually improved the economy as president? Barack Obama." A long history of racism -------------------------- There is a long history in the US of powerful white figures associating Black people with animals, including apes, in demonstrably false and racist ways. The practice dates back to 18th century cultural racism and pseudo-scientific theories in which white people drew connections between Africans and monkeys to justify the enslavement of Black people in Europe and North America, and later to dehumanise freed Black people as an uncivilised threat to white people.

      Thomas Jefferson, author of the Declaration of Independence, wrote in his famous text "Notes on the State of Virginia" that Black women were the preferred sexual partners of orangutans. President Dwight Eisenhower, discussing the desegregation of public schools in the 1950s, once argued that white parents were concerned about their daughters being in classrooms with "big Black bucks." Obama, as a candidate and president, was featured as a monkey or other primate on T-shirts and other merchandise.

      In his 2024 campaign, Trump said immigrants were "poisoning the blood of our country," language similar to what Adolf Hitler said to dehumanise Jews in Nazi Germany.

      During his first White House term, Trump referred to a swath of developing nations that are majority Black as "shithole countries." He initially denied using the slur but admitted in December 2025 that he did say it.

      When Obama was in the White House, Trump advanced the false claims that the 44th president, who was born in Hawaii, was born in Kenya and was constitutionally ineligible to serve. Trump, in interviews that helped endear him to many conservative voters, repeatedly demanded that Obama produce birth records and prove he was a "natural-born citizen" as required to become president.

      Obama eventually released his Hawaii records. Trump finally acknowledged during his 2016 campaign, after having won the Republican nomination, that Obama was born in Hawaii. But he immediately said, falsely, that his Democratic rival Hillary Clinton started those birtherism attacks on Obama. (AP) RUK RUK

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