ITAT: Builder's Error Doesn't Affect Tax Benefit Claim

XCMG Boosts Global Service Skills with World Competition

XCMG Machinery, a global leader in construction equipment, has successfully concluded the first edition of its World Skills Competition, reinforcing its commitment to developing elite service talent and enhancing global aftermarket service standards. The landmark event aligns with XCMG’s globalisation and “Skills Empowerment” strategies, as well as its contribution to the Belt and Road “Skills for Dreams” initiative.Empowering Technicians Across Borders:Held under XCMG's global expansion roadmap, the competition brought together more than 90 service technicians from 24 countries. Des..

VE Commercial Vehicles Registers 7.4% Sales Growth in July 2025

VE Commercial Vehicles (VECV), a joint venture between the Volvo Group and Eicher Motors, reported total sales of 7,115 units in July 2025, marking a 7.4 per cent increase compared to 6,622 units sold in July 2024. The growth was primarily driven by strong performance in the Eicher brand portfolio, alongside a robust increase in exports.Sales Performance Highlights – July 2025:Eicher Brand Sales: Eicher-branded trucks and buses recorded sales of 6,940 units in July 2025, up 7.7 per cent from 6,444 units in July 2024.Domestic Market: Domestic sales of Eicher-branded commercial vehicles reache..

Utkarsh Small Finance Bank Reports Q1 FY26 Results

Utkarsh Small Finance Bank has announced its financial results for the quarter ended June 30, 2025. Approved at the Board meeting held on August 2, 2025, the results reflect a strategic shift towards secured lending, deposit growth, and network expansion, even as the bank reported a net loss during the quarter due to a prudent approach in the unsecured lending segment.Operational and Financial Highlights (Q1 FY26):Loan Book Performance: Gross loan portfolio stood at Rs 192.24 billion, registering a 2.3 per cent year-on-year (YoY) growth. The share of secured loans rose to 45 per cent of the to..