Companies

States to get Rs 10 lakh crore in SGST, Rs 4.1 lakh crore via devolution despite rate rejig

This is because of the unique revenue-sharing architecture of the tax. First, GST is shared equally between the Centre and the States, with each receiving 50 per cent of the collections. Second, under the mechanism of tax devolution, 41 per cent of the Centre's share flows back to the states.

Sep 2, 2025

India on track to emerge as 3rd-largest economy by 2030: Govt forecast

"India is projected to reach a GDP of Rs 4,26,45,000 crore ($5 trillion) by 2027 and is on course to surpass Germany by 2028. By 2030, India is set to become the world's third-largest economy with a projected GDP of $7.3 trillion," the government said.

Aug 31, 2025

India's Q1 GDP growth showcases economy's underlying strength, govt reforms: CII's R. Mukundan

India's Q1 GDP growth reflects economy's resilience, says CII's R. Mukundan

"This reinforces India's position as a global growth leader. We particularly commend the government for its continued emphasis on capital expenditure, infrastructure build-out, which not only is lifting near-term demand but also laying the foundation of sustained competitiveness," Mukundan said.

Aug 31, 2025

Reliance Jio to float IPO in first half of 2026: Mukesh Ambani

Reliance Industries Limited's (RIL) is aiming to list Jio by the first half of 2026, subject to all necessary approvals.

Aug 29, 2025

Indigo shares decline over 4 pc on promoter offloading stake

They have been reducing their stake in the airline since Rakesh Gangwal left the board in February 2022; as of 2025, they have sold almost 9 per cent of the company. By reducing their ownership of InterGlobe Aviation, Rakesh Gangwal and his family have raised more than Rs 45,300 crore since 2022.

Aug 28, 2025

Suzuki to invest Rs 70,000 crore in India over next 5–6 years

The announcement was made by Suzuki Motor Corporation President Toshihiro Suzuki during the launch of Maruti Suzuki's first electric SUV, the 'e-Vitara', at the company's Hansalpur plant in Gujarat. Prime Minister Narendra Modi flagged off the first batch of the electric SUVs at the inauguration ceremony.

Aug 26, 2025

GST Authority sends tax demand, penalty of over Rs 40 cr to Eternal

"The Company has received 3 orders on 25 August 2025 for the period July 2017 to March 2020 passed by Joint Commissioner, Appeals-4, Bengaluru, confirming total demand of GST of Rs 17,19,11,762 with interest of Rs 21,42,14,791 and penalty of Rs 1,71,91,177, " Eternal said in an exchange filing.

Aug 26, 2025

Air India flight returns to Jaipur, minutes after take-off due to suspected technical snag

Indian airlines report heavy losses in FY25; Air India, Air India Express worst hit

By contrast, IndiGo, the country's largest airline, reported a pre-tax profit of Rs 7,587.5 crore during the year -- highlighting its continued dominance in the domestic market. The provisional data also revealed the mounting debt levels of Indian carriers. Air India's debt stood at Rs 26,879.6 crore, while IndiGo's debt was much higher at Rs 67,088.4 crore.

Aug 21, 2025

Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman speaks during a meeting

GST 2.0 to unleash consumption boost, higher tax revenue, lower inflation

"The average revenue loss could come around Rs 85,000 crore. For FY26, it could be at Rs Rs 45,000 crore. Overall headline revenue loss likely to contained with a concomitant shift in sin goods from 28 per cent slab to 40 per cent slab," the report mentioned.

Aug 20, 2025

Flipkart Seller Summit tied to national MSME push; Prahlad Joshi calls it a platform for self-reliance

Flipkart concluded its 2025 Delhi Seller Summit with over 3,000 entrepreneurs, where Union Minister Prahlad Joshi praised the platform's role in empowering MSMEs and balancing consumer welfare with industry growth.

Aug 19, 2025

Adani Realty most valuable unlisted company on 'Hurun Real Estate List 2025'

Adani Group refutes reports that is has been allotted land by Assam govt

The Adani Group on Monday dismissed reports in a section of the media that it has been allotted land by the Assam government for a cement plant in the state, terming them baseless, false, and misleading.

Aug 18, 2025

'Diwali Gift' GST Reforms Touted as Big Step in Tax Efficiency

'Diwali Gift' GST reforms termed as big step in tax efficiency by CII

CII also applauded the heightened focus on strategic sectors, the push for Made-in-India semiconductor chips by year-end underscores India's emergence in global tech manufacturing, while the Sudarshan Chakra Mission, energy self-reliance, and space capabilities, including the plan for an indigenous space station, signal a transformative leap in indigenous innovation.

Aug 16, 2025

India's Domestic Battery Revolution Is Creating a More Resilient and Forward-Looking Economy

The battery industry in India has the potential to continue to promote much needed economic diversification as well as create a more resilient development strategy

Aug 16, 2025

Sensex, Nifty open lower amid uncertainty around Trump tariffs

Sensex, Nifty end 1 pc higher this week despite tariff concerns

Investors are now focused on the US President Donald Trump and his Russian counterpart Vladimir Putin's meeting in Alaska, in hopes that it may result in a Russia-Ukraine ceasefire and the lifting of the additional 25 per cent tariff on India.

Aug 15, 2025

Peace returning to Manipur, 7,000 houses approved: FM Nirmala Sitharaman in Rajya Sabha

New I-T Bill: No ITR filing exemptions for small taxpayers, late filers can claim refunds

The new I-T Bill kept section 433 intact, which required that 'every claim for refund under this part shall be made by furnishing a return as per section 263'. So, effectively, the law still requires a return of income to claim a refund, with no alternative methods allowed.

Aug 12, 2025

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