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CAG report flags fall in Delhi’s contribution to national GDPA CAG report shows Delhi's GSDP growth was slower than the national economy. Revenue receipts grew, driven by tax collections, while non-ta...
Sold property for Rs 94 lakh despite a stamp value of Rs 1.93 crore, received an income tax notice under Section 50C; ITAT Chennai grants relief for this reasonChennai man sold property for Rs 94 lakh despite Rs 1.93 crore stamp duty value; so tax dept sent notice u/s Section 50C to tax the differe...
India's Russian crude imports hit record for second straight monthIndia's Russian crude oil imports reached a record in July, increasing by 2.1 percent. This surge was primarily fueled by smaller import te...
Gold, silver, platinum duty earns govt Rs 10,463 crore since May 13Government collected Rs 10,463 crore in customs duty on precious metal imports. Gold imports generated Rs 10,040 crore, while silver and pl...
Cupid shares fall 2% even as Q1 profit jumps 3x. What’s ahead for multibagger stock that rose 680% in a year?Cupid shares fell on Monday despite a threefold rise in Q1 FY27 profit to Rs 44 crore, as revenue surged 159% and EBITDA jumped 265%. The m...
How companies create fake cash in books, and take investors for a rideCash is the item on a balance sheet that most investors accept without argument. Revenue can be recognised early, inventory can be overvalu...
India on track to exceed key fundraising goal on state-firm stake salesIndia is poised to achieve its divestment aspirations this fiscal year, with enhanced momentum in stake sales and asset monetisation. Altho...
UP government presents first supplementary Budget worth Rs 59,019.54 crore amid Samajwadi Party protestUttar Pradesh tabled its first supplementary Budget for 2026-27, seeking additional expenditure of over Rs 59,000 crore. Proceedings were d...
ITAT Mumbai cancels income tax notice over Rs 8 crore compensation to tenants without their consent; rejects I-T department's contingent liability claimBuilder's hired firm wanted to pay 56 tenants additional Rs 8 crore to vacate land; Tax Dept sent notice citing this payment as contingent ...
Drill, Baby, Drill: India to fund Rs 650 cr per well for 60 deepsea wells to break its oil import habitIndia's government will fund offshore oil and gas exploration directly from its national budget. The "Samudra Manthan" scheme allocates sig...
Rs 21.5 crore worth gold, Rs 28.5 crore cash seized from bus driver's house in West BengalBirchum Police raided a retired driver's home, seizing significant cash and gold in West Bengal. This wealth is reportedly linked to stone ...
How an iron ore empire began to raise doubtsMajor commodity traders are cutting ties with Radiant World amid concerns, which suggest the company provided falsified documents to banks ...
India's Q1 FY27 fiscal deficit widens to Rs 3.1 lakh crore from Rs 2.8 lakh crore a year ago; at 18.2% of full-year targetIndia Q1 FY27 fiscal deficit: The fiscal gap was higher than the Rs 2.8 lakh crore recorded during the April-June period of the previous fi...
Data Patterns shares fall nearly 7% after Q1 profit declines 14% YoY to Rs 22 croreData Patterns India shares declined after the defence electronics company reported a 14% YoY drop in Q1 FY27 net profit to Rs 22 crore. Des...
Samsung sees chip shortage extending to 2028, touts long-term supply dealsSamsung Electronics announced a significant chip profit increase and new supply agreements. The company expects global chip shortages to wo...
Varun Beverages shares jump 3% after Q1 PAT rises 15%, revenue grows 20%Varun Beverages reported a 15% profit and 20% revenue increase in Q1 FY2027. Consolidated sales volumes grew by nearly 20% driven by India ...
Rs 9.48 lakh income tax demand on coaching centre quashed: ITAT explains why attendance alone doesn't make contractual teachers employeesContractual teachers held as employees by the tax department and on this ground, Rs 9.48 lakh tax demand raised; ITAT Cochin rules administ...
Infosys ADRs fall over 4% as Q1 revenue guidance cut overshadows profit growthInfosys ADRs fell over 4% after the IT major trimmed the upper end of its FY27 revenue growth guidance despite reporting higher June-quarte...
India's debt-to-GDP ratio moderates to 58.2% in FY26: RSIndia's debt-to-GDP ratio moderated to 58.2 percent in FY26, showing improved fiscal health. The government's interest payments have declin...
States' fiscal deficit likely to moderate to 3.4% of GSDP in FY27 as tax collections improve: ICICI BankStates' fiscal deficit is expected to moderate to 3.4 per cent of Gross State Domestic Product (GSDP) in FY27, supported by stronger tax co...