Short news for quality minds. Power your niche.Smartly curated short news for quality minds. Want your own niche feed? Integrate with us today.
GAIL (India) reported a 96.1% jump in profit to ₹4,670.99 crore for the quarter ended June 30, 2026. Revenue rose 16.7% to ₹41,350.18 crore. The company said healthy growth in core gas businesses helped these results. Natural Gas Marketing remained the top revenue contributor, showing strong performance across all its segments.
Dixon Technologies shares fell 5% on Friday, July 31, after the company reported mixed June quarter results. While revenue grew 21.1% to ₹15,548 crore, EBITDA margins fell to 3%. Profit rose to ₹663 crore, but this jump mostly came from other income rather than core business growth during the period.
Amazon shares jumped after the company reported strong earnings and an upbeat outlook. AWS revenue rose 37% to $42.2 billion, marking its fastest growth in years. Amazon also plans to increase its 2026 capital expenditure by $20 billion, as demand for its AI services and custom chips continues to rise.
Gold prices saw a marginal increase at major jewellery brands on July 31, 2026. Tanishq’s 22k gold rate rose to Rs 13,300 per gram, while Malabar Gold and Joyalukkas also reported slight hikes. Kalyan Jewellers has yet to update its price. Buyers should compare rates across these leading brands before making purchases.
Indian Oil Corporation Limited plans to hire a dedicated vessel to ferry LPG cylinders from Sri Vijaya Puram to remote islands. A senior official said, "It will bring immense relief to the residents." This five-year contract, worth Rs 58.90 crore, aims to ensure uninterrupted supply and fix long-pending distribution issues.
The income tax return filing deadline is 31 July 2026, with over 5.4 million returns already filed. Missing this date brings late fees and interest. Gaurav Makhijani said, "even a delay of just one day after 31 July can trigger interest for a full month." Please file your returns soon.
Digital copies of income tax documents are enough for most taxpayers if they are clear and complete. However, you should keep original physical copies of property deeds and loan agreements to prove ownership. Always save your ITR acknowledgement, Form 16, and bank statements to help respond to any tax department requests.
Pronab Sen said the Reserve Bank of India does not need to raise interest rates at this stage. Speaking at the Citizens Monetary Policy Committee, he noted, "Not at all," regarding a hike on August 5, 2026. Many economists now urge the RBI to watch growth risks instead of inflation.
The Income Tax Department set August 31, 2026, as the deadline for specific ITR filings. August also brings the CKYC 2.0 rollout to simplify verification. Banks will revise service charges, while new RBI rules for credit cards aim to improve billing transparency. Many users may see changes to their reward programs.
GAIL shares jumped nearly 4% on Friday, July 31, after the company reported a net profit of ₹4,292 crore for the June quarter. Revenue also grew 12% to ₹38,952 crore. The board approved the merger of Konkan LNG Ltd. with the parent company to improve operational efficiency and simplify group structure.
North Central Railway commissioned Kavach 4.0 on the 64-km rail section between Mirzapur and Deen Dayal Upadhyay Junction. This addition brings the total network to 716 route km. The system helps loco pilots by monitoring train movement and applying brakes automatically, making travel on the busy Delhi-Howrah corridor much safer.
Analysts forecast a weak Q1 FY27 for ITC Ltd as cigarette tax hikes and agri business issues weigh on earnings. While the FMCG segment shows promise with double-digit growth, overall profits may fall. The company said its board will meet on July 31 to approve these first quarter financial results.