Gross direct tax collections rise by less than 5% amid concerns over corporate profit slump

India's gross direct tax collections saw a rise of under 5% reaching Rs 5,45,207 crore by June 19. Advance tax receipts showed a modest 3.9% increase....

Ride-hailing firms to seek GST clarity from tax regulator

Ola, Uber, and Rapido will approach CBIC regarding GST on their SaaS model following conflicting rulings from the Karnataka AAR. Some firms avoid tax ...

High courts not custodian of revenue department, says SC; stays Bombay HC order

The Supreme Court has overturned a Bombay High Court order that had stayed the refund of Rs 256.45 crore to a firm, asserting that High Courts are not...

Iran threatens US bases in response to strikes on nuclear sites

Iran has threatened to target U.S. bases in the Middle East following major U.S. airstrikes that Washington claims severely damaged Iran's nuclear pro...

DGCA to kickstart inspection of Air India's main hub

India's civil aviation regulator, DGCA, will commence a comprehensive review of Air India's Gurugram base, focusing on aircraft airworthiness and crew...

Oil hits five-month high after US attacks key Iranian nuclear sites

GLOBAL-OIL/ (UPDATE 1)UPDATE 1-Oil hits five-month high after US attacks key Iranian nuclear sites

SEBI bars 2 operators for cheating investors, orders them to return Rs 4.83 crore

The Securities and Exchange Board of India (SEBI) has barred two operators -- Shivprasad Pattiya and Alkesh Narware -- for three years, alleging that ...

Odisha removes HDFC Bank, ICICI Bank, and Axis Bank as authorised banks for govt businesses

The Odisha government has removed HDFC Bank, ICICI Bank, and Axis Bank from its list of empanelled banks due to their consistently poor performance in...

Credit rating firms seek govt intervention over regulatory void on ₹1 L cr unlisted debt

Credit rating agencies are seeking clarity from the corporate affairs and finance ministries regarding the rating of over ₹1 lakh crore in unlisted ...

RBI-led initiative to curb digital frauds gains momentum, banks roped in to set up DPIP

To combat the surge in digital payment frauds, major Indian banks are collaborating with the RBI to develop the Digital Payment Intelligence Platform ...

European auto companies fail to rev up sales in India

Renault, Volkswagen, and Skoda are facing challenges in India's automotive market, experiencing sales declines over the past three financial years. Th...

FMCG companies roll out the red carpet for kiranas amid quick commerce boom

FMCG giants like ITC, Nestle, and Coca-Cola are renewing their focus on general trade distributors by offering premium products and improved margins. ...

Contract maker Zetwerk set to pump Rs 500800 crore for component making

Zetwerk plans to invest Rs 500800 crore in manufacturing printed circuit boards (PCBs), enclosures, and electromechanical components. Cofounder Rah...

West Asia tensions may choke LPG supplies

Heightened tensions in West Asia pose a significant threat to India's LPG supply, with two-thirds of cooking gas sourced from the region. While petrol...

India safe from Strait of Hormuz closure due to diversified oil imports, says Hardeep Singh Puri

Hardeep Singh Puri assures citizens of stable energy supply. This comes as tensions rise in the Middle East. Iran's actions near the Strait of Hormuz ...

Oil stocks in focus as crude hits 5-month high after U.S. strikes Iranian nuclear sites

Oil and gas stocks may see movement. Crude oil prices increased after U.S. airstrikes on Iranian nuclear sites. Brent and WTI crude both rose sharply....