Festive buying, higher import duties and tighter tax compliance boost government revenues. NEW DELHI: GST collections grew 22.9% in Oct – the fastest pace of expansion since the revamp of the tax regime in Sept 2025 – to reach Rs 2.3 lakh crore, the second-highest monthly mop-up since the rationalisation exercise. While consumption remains strong,…
Commercial LPG prices rise for third straight month and ATF rates for the fourth consecutive month as elevated global crude oil prices push up fuel costs. NEW DELHI: Oil marketing companies Sunday increased the price of commercial LPG by Rs 10 for a 19-kg cylinder and hiked aviation turbine fuel (ATF) rates by Rs 1.37…
International flyers can now trial Digi Yatra’s e-passport-based biometric facility at seven Indian airports, with a wider rollout planned for 2027 NEW DELHI: Travelling abroad from India could soon be a seamless experience just like taking domestic flights with Digi Yatra. The govt has started trials for international passengers at seven airports, allowing eligible Indian…
UPI clocks record monthly transactions as October payments cross 25.5 billion, with daily value topping Rs 1 lakh crore MUMBAI: UPI transactions crossed the 25-billion mark for the first time in Oct, while average daily transaction value breached Rs 1 lakh crore for the first time, signalling continued growth in digital payments despite the debate…
Vaishnaw said that the work was progressing well. NEW DELHI: Railway minister Ashwini Vaishnaw on Sunday inspected the manufacturing of India’s first bullet train at BEML’s facility in Bengaluru and expressed satisfaction with the progress, highlighting the emphasis on quality and international standards.Vaishnaw said all major components were being manufactured, integrated and tested, and that…
An analysis of over 37,000 technology and digital roles shows that traditional valuation proxies no longer accurately predict market value. By Neeti Sharma, CEO, TeamLease DigitalThe contemporary enterprise operates in an environment defined by unprecedented geopolitical volatility, economic shifts, and rapid technological acceleration. Across the Asia-Pacific region, 81% of senior leaders identify the capacity to…
Narayan Sethuramon, co-chairman of the CII International Council India’s free trade agreement (FTA) with the UK, which came into force in July, and the proposed pact with the European Union, expected to be signed next month, offer significant opportunities for domestic manufacturers to expand their global footprint.But industry needs to step up efforts to translate…
IGL reported a 93.4% decline in Q2 FY27 profit to Rs 24.4 crore, despite an 8% rise in sales volume NEW DELHI: IGL reported a 93.4% decline in its profit in the second quarter of FY27 due to a substantial increase in input gas costs amid global supply disruptions caused by uncertainties in West Asia.The…
Foreign portfolio investors (FPIs) withdrew Rs 34,843 crore from Indian equities in October, marking the second consecutive month of substantial outflows amid concerns over high crude oil prices, global interest rates and the outlook for corporate earnings.However, foreign investors turned net buyers towards the end of the month, purchasing equities worth around Rs 6,300 crore…
The first phase covers 15 cryptocurrencies, including Bitcoin, Ether, XRP and Dogecoin. Binance resumed withdrawals of Bitcoin, Ether and some stablecoins on Sunday after hackers stole $6.3 billion worth of cryptocurrency from the exchange. The world’s largest cryptocurrency exchange said it had replaced 95 per cent of the stolen assets using its own funds, while…
