A proposal put forth by the Bureau of Energy Efficiency, which oversees the norms, outlined lenient emission reduction targets for cars weighing less than 909 kg. Most carmakers besides Maruti Suzuki and Toyota opposed this.
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In a major enforcement breakthrough, the Directorate General of GST Intelligence (DGGI), Delhi Zonal Unit, has busted a large-scale racket involving fraudulent availment and passing of Input Tax Credit (ITC) worth approx. ₹645 crore. The fraud was executed through an intricate web of 229 dummy GST-registered firms, allegedly controlled by a Delhi-based syndicate.
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Ashok Leyland Ltd hit a new 52-week high on Friday as investors cheered its September quarter (Q2FY26) results, which were announced on Thursday.
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India’s indirect tax system has undergone remarkable transformation. The rollout of the goods and services tax (GST) and the landmark reforms announced on 3 September have established a modern, digital and more predictable framework.
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The current print is sharply lower than the RBI’s inflation projection of 1.8% for the October-December quarter. This means that unless inflation rises sharply in the next two months, it may end the third quarter undershooting the central bank’s forecast.
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Union Minister of Commerce & Industry, Shri Piyush Goyal, addressing the 22nd CII Annual Health Summit, highlighted the Government’s focus on affordable healthcare through GST reduction on health and life insurance from 18% to 0%, and lower duties on medical devices and essential drugs.
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New Delhi: The net direct tax collections rose 7% year-on-year to ₹12.92 trillion as of 10 November, reflecting steady inflows from corporate and personal income taxes despite a moderation in overall growth compared to last year.
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In October, India's economy showed signs of recovery with a 41% increase in vehicle sales and record digital transactions. SBI Capital Markets projects nominal GDP growth at 8.5%, driven by robust domestic demand and festive spending despite global economic challenges.
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Shares of Britannia Industries Ltd plunged as much as 6.7% on Tuesday after the board accepted Varun Berry’s resignation and relieved him from his position as vice-chairman, managing director and chief executive officer with immediate effect on 10 November. The board appointed Rakshit Hargave as managing director and chief executive officer from 15 December.
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Automobile sales have been robust in October, reducing the inventory levels with automobile dealers from nearly two months’ stock to 53-55 days, according to the Federation of Automobile Dealers’ Association of India (FADA).
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