INDIAN ECONOMY
|
|
|
Indian household consumption is likely to become increasingly diversified, with spending gradually moving beyond food essentials towards non-food products and services, as changing dietary preferences and household structures reshape consumption patterns, according to an research report by SBI Research.
Fo...
Read More
|
|
The Centre is likely to meet its fiscal deficit target of 4.3 per cent of GDP for FY27 despite the deficit reaching 42.6 per cent of the full-year estimate in the first six months, as stronger corporate tax collections are helping offset revenue pressures, according to a report by Goldman Sachs Research.
T...
Read More
|
|
The Centre on Saturday released an additional ?1,09,019 crore to state governments as tax devolution. This is over and above the regular monthly transfer ahead of the festive season, giving states additional resources to step up capital expenditure and meet development and welfare commitments.
Finance mini...
Read More
|
|
China has gotten a lot of bargaining power out of its near-monopoly over rare earths. Now it’s looking to repeat the trick in a more mundane industry – and perhaps squeeze a key Asian rival.
Beijing’s newest export controls target construction equipment — including tunnel-boring machines, some of the world...
Read More
|
|
India’s crude oil imports are set to hit an all-time high of 5.63 million barrels per day (bpd) in October, rising more than 5% from September as a surge in Atlantic Basin shipments and continued Russian supplies more than offset lower arrivals from the Middle East, according to data from commodity analytics ...
Read More
|
|
As kharif crop harvesting gather pace, retail prices of key agricultural commodities including rice, sugar, mustard oil and onion are ruling at significantly higher levels compared to the previous year, according to the Price Monitoring Cell of the Department of Consumer Affairs.
Experts attribute the mark...
Read More
|
|
India’s manufacturing activity continued to expand in October, although the pace of growth moderated slightly from the previous month. HSBC India Manufacturing Purchasing Managers’ Index (PMI) declined at 54.7 in October, compared with 55.1 in September. However, it remained comfortably above the 50-mark.
...
Read More
|
|
|
|
|
GLOBAL CORPORATE
|
|
|
OpenAI has slashed the target ?for ?its latest funding round ?by $10 billion amid a selloff in tech stocks driven ?by AI worries, the Financial Times reported on Friday, citing people with ?knowledge of the matter.
The ChatGPT ?maker is now seeking about $20 billion and its desired valuation has ?dropped t...
Read More
|
|
?Meta has ?built a ?prototype ?humanoid ?robot ?with Chinese ?startup company Fourier and ?is ?working on ?a second ?version, ?The Information ?reported on Saturday, ?citing ?people ?familiar with the initiative.
Reuters could ?not immediately verify the report....
Read More
|
|
Chinese ?electric ?vehicle maker ?BYD posted a sixth straight month ?of sales growth in October, relying ?on overseas markets to ?counter sluggish demand and ?intense ?price competition at home.
Vehicle sales grew 11% from ?a year earlier to 490,168 units last month, cooling from a 17% gain ?in September, ...
Read More
|
|
|
|
|
|
|
|
|
Banking
|
|
|
Banks have approached the government seeking an extension of the Credit Guarantee Fund for Micro Units (CGFMU) programme....
Read More
|
|
Bank lending to India's commercial sector increased sharply during April-August of the current financial year (FY27), even as corporate bond issuances by non-financial companies declined amid rising bond yields, according to the Finance Ministry's October Monthly Economic Review....
Read More
|
|
|
|
|
|
|
|
|
|
|
|
|
GLOBAL ECONOMY
|
|
|
|
South Korea's exports nearly doubled ?in ?October, the sharpest jump in ?more than 50 years, as robust global demand for AI ?investment boosted shipments of the country's chips, government data showed on Sunday.
Exports from As...
Read More
|
|
|
INDIAN CORPORATE
|
|
|
Reliance Industries Ltd (RIL) could continue to benefit from favourable global refining conditions in the October-December quarter (Q3 FY27), although higher shipping costs may weigh on margins following the company's record Septe...
Read More
|
|
Jio Platforms reported a 28% rise in its 5G subscriber base and a 32% increase in home broadband connections in the September quarter, in its first earnings report since raising a record $3.2 billion in India’s largest-ever IPO....
Read More
|
|
Ambuja Cements on Monday announced an investment of Rs 14,500 crore ($1.53 billion) to expand its cement manufacturing capacity to 155 million tonnes per annum (MTPA) by fiscal 2030.
The company, which currently has a capacity ...
Read More
|
|
Three state-owned oil marketing companies (OMCs) earned nearly 39% of their entire FY26 profit in the September quarter alone, with combined standalone net profit jumping 68.3% year-on-year to Rs 30,106 crore, as stronger refining...
Read More
|
|
Honda Cars India Ltd reported a 23% year-on-year decline in total sales to 8,082 units in October, with a sharp fall in exports offsetting growth in the domestic market. The automaker recorded domestic sales of 7,609 units during ...
Read More
|
|
Hero MotoCorp reported total dispatches of 7,34,403 motorcycles and scooters in October 2026, up 16% from 6,35,808 units in the same month last year. Strong scooter volumes and growth in its domestic internal combustion engine (IC...
Read More
|
|
India Inc has had a good earnings season so far, with strong top-line growth only slightly dulled by margin pressure. Companies pushed through healthy volumes in the quarter, but not all could offset rising input costs with price ...
Read More
|
|
Coal India Limited (CIL) recorded its highest-ever monthly coal supplies of 70.3 million tonne (MT) in October, up 19% year-on-year, as dispatches to thermal power plants touched a record 57.1 MT amid rising electricity demand and...
Read More
|
|
|
|
|
|
|
GST
|
|
|
Taxpayers intending to obtain registration under GST are hereby informed that FORM GST REG-01 has been revised on GST portal to incorporate certain changes in the registration application process. The revised form introduces additional information requirements and standardises the documentary requirements rel...
Read More
|
|
Pursuant to Notification No. 05/2026-Central Tax dated 26.10.2026, GSTN has introduced a facility on the GST Portal to enable eligible suppliers selling goods through e-Commerce Operators (ECOs) that collect tax at source under Section 52 of the CGST Act, 2017, to obtain registration under the Simplified Regi...
Read More
|
|
The self-cancellation process has been revised to incorporate system-based validations and facilitate the electronic approval of cancellation of registration, subject to the fulfilment of the prescribed conditions as per rule 20 of the Central GST Rules, 2017. The revised process is outlined below:...
Read More
|
|
The Government, vide Notification No. 25/2024-Central Tax dated 9 October 2024, had introduced TDS compliance requirements under Section 51 of the CGST Act, 2017, for businesses dealing in metal scrap. Accordingly, GSTN had earlier issued an advisory Dated:22.10.2024 regarding TDS registration....
Read More
|
|
Some changes have been introduced on the GST portal for taxpayers registered under or opting for, the Composition Scheme. These changes will apply to applications filed through Form REG-01, CMP-02, CMP-04 and REG-14.
Introduction of New Composition Category
A new category has been introduced for compositi...
Read More
|
|
Vide Notification No. 05/2026-Central Tax Dated:26.10.2026, Rule 21 of Central Goods and Services Tax Rules, 2017, the provisions relating to amendment of registration under Rule 19 of the CGST Rules, 2017 have been substituted. The corresponding changes have been implemented on the GST portal....
Read More
|
|
The Confederation of Indian Industry (CII) has termed the GST Council’s decisions on decriminalisation and rationalisation of enforcement powers as some of the “most significant” institutional reforms in India’s transition towards trust-based economic governance.
“The decisions mark a fundamental shift tow...
Read More
|
|
India’s Goods and Services Tax (GST) collections grew at the quickest pace in over four years in October to a six-month high of Rs 2.31 lakh crore amidst festive demand and a sharp jump in imports revenue, data released Sunday showed.
Gross GST collections rose 22.9% year-on-year, the quickest increase sin...
Read More
|
|
|
|
|
|
|
|