BusinessLine (Hyderabad)
HDFC Bank board to meet next week on new chairman
HDFC Bank’s board of directors is scheduled to meet mid next week to take stock of the situation arising from the abrupt resignation of Part-Time Chairman Atanu Chakraborty and discuss a possible replacement for him. While HDFC Group veteran Keki...
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Sensex, Nifty crash 3.26% in biggest fall since June 2024
In their worst single-day fall since June 2024, the BSE Sensex and the Nifty50 crashed 3.3 per cent on Thursday, weighed down by a sharp sell-o in HDFC Bank, a spike in crude prices and the hawkish stance of the US Federal Reserve. The Sensex fell...
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Govt mandates 60% seats on flights to be free of selection fee
In a passenger-centric move, the Centre has directed airlines to ensure that a minimum of 60 per cent of seats on flights are made available without any additional charge (seat selection fee), while also requiring carriers to seat passengers travelling...
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Low on gas: Fertilizer shortage feared ahead of kharif season
With no end in sight to the Iran war as Tehran retaliates, India’s fertilizer industry is worried whether the country will have ample urea supplies for the coming kharif season. The season accounts for 60 per cent of annual agricultural output. One...
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Bajaj Auto mulls EV expansion out of Maharashtra on sops row
Bajaj Auto is contemplating moving a part of its electric vehicle (EV) manufacturing out of Maharashtra and allocating future EV investments to other States following a disagreement with the State government over nearly ₹75 crore in unpaid subsidies...
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Prolonged West Asia crisis deals multiple blows to exporters
The prolonged West Asia crisis and the near-halt of tra c through the Strait of Hormuz and other Gulf shipping lanes have triggered widespread disruption for Indian exporters, with industry estimates suggesting that nearly 70 per cent of outbound...
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How gold has stocks for breakfast
If Indian equities are supposed to reward patience, gold, often lampooned as a 'dead' asset, has spent the last decade mocking that promise. In the one year to March 13, 2026, gold (MCX spot prices) returned 82.86 per cent. Out of roughly 1,134...
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Govt to ensure commercial units get 20% of LPG demand
Even as the fuel crisis caused by the West Asia war disrupts food services at restaurants, corporate campuses and large events across the country, Petroleum Minister Hardeep Singh Puri told the Lok Sabha on Thursday that commercial establishments will...
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Trump announces first US refinery in 50 years with Reliance on board
US President Donald Trump said America First Refining was opening the first US oil refinery in 50 years in Texas, and indicated that India’s Reliance Industries would also be investing in it. In a post on social media platform Truth Social, Trump...
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Centre secures 1 mt LPG from US to bridge W. Asia supply gap
The government has arranged around one million tonnes (mt) of liquefied petroleum gas (LPG) cargoes, mostly from the US, to meet the demand for the key cooking fuel used by more than 330 million consumers. The proactive measure accompanied top-level...
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Crude on boil scalds markets; Sensex down 1.7%, volatility up
Markets had one of their worst single-day sello s on Monday as a spike in crude oil prices, triggered by the escalating US/Israel–Iran conflict, sent benchmark indices tumbling and pushed volatility to a nine-month high. Risk-o sentiment also weighed...
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I-T dept’s nationwide crackdown targets restaurants in ₹70,000 crore tax scam
The Income Tax department on Sunday launched a nationwide survey at 60-70 locations to unravel a deeply entrenched software-based network that restaurants across States and Union Territories are using for massive tax evasion. The Central Board of...
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‘US trade deal under review; to take 3-4 more months’
The March deadline for the India-US trade deal will be set aside and it may take another three-four months to reassess the situation and conclude the deal after the US Supreme Court struck down the taris imposed under the International Emergency...
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Karnataka, AP propose to ban social media use by children
Karnataka and Andhra Pradesh propose to ban use of social media by children. Karnataka becomes the first State to move towards restricting social media use for children under 16 as part of its 2026-27 Budget. Chief Minister Siddaramaiah announced the...
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Enough LNG stocks now, but India will ration gas if disruption persists
India is currently “comfortable” with stocks of natural gas and the arrangements being made to procure LNG from Australia and Canada. However, if required, the government will “re-prioritise” allocation, with the fertilizer industry and city gas...
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Markets take a hit on rising crude prices, supply concerns
It was a brutal Wednesday for the markets as escalating hostilities in West Asia triggered a broad risk-o selling. Though the markets made a late-hour recovery due to a positive opening in European stocks, it was not enough to change the broad...
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Iran war: India has 50 days of crude, fuel stocks, says govt
The government is actively reviewing the conflict scenario in West Asia, top government o cials said on Tuesday, adding that India has crude oil stocks for 25 days and an equal volume of refined petroleum products stocks, which is su cient to address...
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US/Israel-Iran conflict rattles financial markets, trade corridors
The ongoing war involving Iran, the US and Israel sent shockwaves through India’s financial markets and trade corridors on Monday, weakening the rupee past the 91mark against the dollar, triggering the steepest fall in benchmark equities in weeks,...
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Iran war raises fears of oil supply, price shock for India
The killing of Iran’s Supreme Leader Ayatollah Khamenei by Israel and the United States, and Iran’s retaliatory attacks against Israel and civilian and military targets in in the Gulf, have raised fears of disruption in India’s oil supplies and a...
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IT slump pushes 3-year SIP returns into red
The relentless selloff in Indian IT stocks has begun to materially impact systematic investment plan (SIP) outcomes of sectorfocussed mutual funds. A bl.portfolio analysis of actively managed IT funds shows that, as of late February, 3year SIP...
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Women power — cultivating success through collectives
Their stories of how they ignored taunts, balanced housework and care duties and trained to become successful farmers brought the audience up on its feet to give a standing ovation. When Aruna Debbarma, a Lakhpati Didi from Tripura under the Tripura...
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Compensate content creators: IT Minister to online platforms
Digital platforms must ensure fair revenue share with news publishers and content creators, Union IT Minister Ashwini Vaishnaw said on Thursday. If this is not done voluntarily, there are clear legal pathways, already shown by other countries, to...
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Tata Sons board defers call on Chandra’s 3rd term as chairman
The Tata Sons board on Tuesday deferred a decision to reappoint Tata Sons’ Chairman N Chandrasekaran for a third term after some members, including Noel Tata, expressed their reservations. “I recommended that it should be deferred because of request...
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IDFC First Bank appoints KPMG to probe ₹590 cr fraud
IDFC First Bank on Monday said it has appointed KPMG as the forensic auditor to investigate the ₹590 crore fraud at its Chandigarh branch, involving Haryana government accounts. The bank’s MD and CEO, V Vaidyanathan, said the lender will “spare no...
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SEBI board meet on Mar 23 may review conflict of interest rules
The Securities and Exchange Board of India (SEBI) board meeting scheduled for March 23 is expected to discuss the conflict of interest framework for senior ocials again, along with likely proposals on netting of funds for foreign portfolio investor...
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Trump ups tariff to 15%, a day after levying 10% post SC ruling
The US reciprocal tariffs of 18 per cent on Indian goods, established under the framework IndiaUS interim trade deal, have been invalidated following a Friday ruling by the US Supreme Court striking down President Donald Trump’s “illegal” tariffs. In...
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In 6-3 ruling, US Supreme Court strikes down Trump’s global tariffs
The US Supreme Court on Friday struck down President Donald Trump’s sweeping tari s that he pursued under a law meant for use in national emergencies, rejecting one of his most contentious assertions of his authority in a ruling with major implications...
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Tech titans hail India as emerging AI rule-maker
The AI Summit on Thursday saw the cream of global tech titans celebrate India’s progress in artificial intelligence with CEOs highlighting India’s role as not just a power user of AI, but also a rule maker demonstrating how AI can be used to achieve...
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Sarvam AI unveils two home-grown large AI models
Sarvam AI on Tuesday unveiled two new large language models (LLMs) at the India AI Summit — a 30-billionand a 105-billion-parameter model — both outperforming comparable models in their respective size categories on key benchmarks. In April 2025, the...
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India’s sovereign push gathers pace as local firms roll out AI models
India’s push for sovereign AI took concrete shape on Tuesday as BharatGen, Gnani.ai and Sarvam unveiled new models spanning language, voice and realworld interfaces, signalling a shift from being a user of global artificial intelligence tools to...
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Nifty50 firms take ₹13,000 cr hit in Q3 on new Labour Codes
The implementation of the new Labour Codes from November 21, 2025, resulted in companies having to make large one-time adjustments in their books in the third quarter of FY26 to increase the reserves maintained for employees’ social security...
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Religare Enterprises to split financial services, insurance biz into 2 listed entities
The Burman family-backed Religare Enterprises (REL) has approved a plan to demerge the financial services and insurance businesses into separate listed entities, in a move aimed at unlocking shareholder value and sharpening strategic focus. The...
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‘Needle hunting’ starts pricking stock investors
Index fund pioneer John Bogle’s famous line about buying the haystack, instead of hunting for the needle, feels like a cliché in bull markets. But in the last 12 months or so, stock investors searching for the needle felt the prick as the odds flipped...
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Bank credit, deposit rebound signal economic momentum
A robust pick-up in credit and deposits in the last fortnight of January indicates that the Indian economy is gathering steam, shrugging o headwinds arising from higher US tari s, global trade fragmentation and geopolitical tensions. Credit and...
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DAC clears ₹3.25 lakh crore deal for 114 Rafale fighter jets
The ₹3.25 lakh crore deal to acquire 114 Rafale fighter aircraft from France’s Dassault Aviation, set to be India’s biggest-ever defence purchase, advanced to its next stage on Thursday after the Defence Acquisition Council (DAC) cleared it ahead of...
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India’s first LLM takes shape as Sarvam expands AI stack
India’s e ort to build a sovereign Large Language Model has moved from promise to platform, with Bengalurubased Sarvam AI unveiling the country’s most ambitious push yet to create an indigenous AI stack even as global giants race ahead on scale. Ahead...
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US pushes India to remove digital tax, ease e-trade rules
The US has upped the ante on India’s digital and energy policies as the two countries work towards finalising the bilateral trade deal. The White House put out a factsheet on the bilateral trade deal on Monday, noting that India will remove its...
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Chronicling the journey of India’s pharma industry
From the need to take bold decisions, including making an early entry into the biological products segment, to pushing for greater ‘acceptability’ of Indian medicines in the domestic market, founders and promoter-family members from top domestic...
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‘Every trade deal provides for a re-balancing of concessions’
Union Commerce Minister Piyush Goyal declined to spell out the specifics of the American claim that India committed to stop purchasing Russian oil as part of the India-US framework interim trade agreement, even as it emerged that Washington could...
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Trump cuts duty on slew of goods from India; New Delhi reciprocates
New Delhi In a major relief for India’s exporters, the US has halved tariffs on labourintensive Indian goods — including textiles, leather, footwear and plastics — to 25 per cent through an executive order issued on Friday. Washington has also agreed...
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MPC holds repo rate on favourable growth and inflation outlook Budget heralds a new era of ‘competitive indigenisation’
The RBI’s Monetary Policy Committee, as widely expected, voted unanimously for a status quo on the repo rate amid a favourable growth outlook and low underlying inflation. Further, in an indication that interest rates in the economy may have bottomed...
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India-US trade pact timeline set; first tranche in 4-5 days
India on Thursday established a definitive timeline for its high-stakes Bilateral Trade Agreement (BTA) with the US. On the sidelines of a GCC event, Commerce Minister Piyush Goyal said the two sides will sign a joint statement on the first tranche of...
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Tech stocks tank as Anthropic AI tools raise questions on SaaS model
Fears that agentic AI tools, such as Anthropic’s Claude Cowork plug-ins, could automate core enterprise processes and disrupt the traditional SaaS model triggered a sharp sell-o in global tech stocks, including US software majors, and wiped out over ₹2...
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Our deal with US better than that of competitors: Goyal
India has secured a better trade deal than its global competitors with the United States, leveraging Prime Minister Narendra Modi’s rapport with President Donald Trump, to slash reciprocal tari s from 50 per cent to 18 per cent, said Commerce Minister...
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If you profit from secondary market SGB deal, govt deserves its share: FM
Finance Minister Nirmala Sitharaman firmly defended the new taxation regime for Sovereign Gold Bonds and the increased Securities Transaction Tax on futures and options (F&O). Talking to businessline on Monday, in her first postBudget interview, she...
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FM Sitharaman takes a shot at the future
Finance Minister Nirmala Sitharaman faced a challenge while framing the Budget for 2026-27. With tax reforms all done in recent times, what was it that she could do new this year? She turned to the future. Laden with intent, some backed with resource...
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Fiscal prudence: India holds the line, others slip
As the Finance Minister readies to present the Budget for FY27 on Sunday, all eyes will be on the fiscal deficit number. In this context it would be worth revisiting the contrasting fiscal trajectories that have emerged over the past few years, wherein...
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Crashing gold, silver drag ETFs down as investors book profits
The precious metals complex plunged on Friday with investors booking profits as they saw no more confrontation between US President Donald Trump and the Fed. Over the past few weeks, investors switched to gold from currencies and bonds seeing a threat...
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India is an oasis of stability in a turbulent world: Economic Survey
The Economic Survey on Thursday underscored India’s strongest economic performance in decades, projecting GDP growth for 2026-27 at 6.8-7.2 per cent at a time when the global system no longer rewards economic success with currency stability, assured...
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FTA: India sets up guardrails against EU’s green measures
India’s strategic inclusion of a rapid response mechanism (RRM) and a non-violation complaints (NVC) provision in the India-EU Free Trade Agreement is extremely significant in the context of regulations, such as the EU’s Carbon Border Adjustment...
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India-EU ‘mother of all’ trade deals signals an era of shared prosperity
India and the European Union clinched a landmark free trade agreement (FTA), hailed by leaders as the ‘mother of all trade deals’, which is set to boost shipment of labour-intensive Indian goods by eliminating taris on 90 per cent of exports (by value)...
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PMO urges Finance Ministry to propose ways to accelerate agri growth in Budget How the R-Day parade reimagined India’s story
year’s Budget is likely to focus on providing renewed thrust to the rural economy, with the Prime Minister’s Oce urging the Finance Ministry to accelerate agricultural growth. “The PMO has taken cognisance of the declining growth trajectory in the...
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Govt plans Fertilizer Mission to cut imports, chemical use
The government is likely to announce a ‘Mission on Fertilizers’ in the upcoming Budget. The mission is aimed at reducing the use of chemical fertilizers and cutting the subsidy bill. Sources said the mission may also include incentives to promote...
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Nifty 500 ranks lowest globally in dividends
Over the past two decades, India’s equity market has recorded the lowest average dividend yield among major global markets. Bloomberg data show that the 20year average dividend yield yearonyear for Nifty 500 constituents stood at just 1.3 per cent —...
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Stocks slump on FPI selling spree; rupee hits a new low
Equity benchmarks closed sharply lower with the Sensex and Nifty 50 shedding 2.4-2.5 per cent for the week, even as the broader markets su ered the steepest weekly fall in four months, while the rupee crashed to a new low on Friday. The pain in the...
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Bulk of India’s exports lose EU duty preference benefits
In yet another blow to India’s exporters, already grappling with US tari s, the EU extending import tari preference to India under the Generalised System of Preferences (GSP) has been fully suspended on some 87 per cent of the country’s exports to the...
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Trump says ready to pick the next Federal Reserve chair
US President Donald Trump said he has interviewed several strong candidates for the Federal Reserve chair, but complained that nominees tend to change once they take o ce. “Everyone that I interviewed is great. Everyone could do, I think, a fantastic...
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Govt sets up panel to allot slots vacated by IndiGo
The government has put in place a mechanism to redistribute slots vacated by IndiGo following a 10 per cent cut in its schedule even as the airline operator is stepping up pilot hiring to sustain operations. While a committee has been appointed to...
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Govt mulls reforms to help SEZs leverage home market
The government is considering announcing a reforms package for Special Economic Zones as part of Budget 2026-27 to boost manufacturing competitiveness and help exporters better leverage the domestic market as they grapple with global uncertainties and...
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Amid equity churn, select debt funds find winners
Even as equity markets have remained volatile over the past 1516 months, select debt fund categories have delivered good returns. The topperforming funds in the medium duration mutual fund category clocked doubledigit returns — up to 13.6 per cent...
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Infy Q3 PAT down 9.6% q-o-q hit by new Labour Code provision
reported a decline in profit for the Decemberended quarter, with PAT falling 9.6 per cent sequentially and 2.2 per cent year-on-year to ₹6,654 crore. Despite the dip, the IT major raised its constant currency revenue growth guidance for FY26 to 3-3.5...
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India sees ‘little impact’ of US tariff for doing Iran business
US President Donald Trump’s latest announcement proposing a 25 per cent tari on countries doing business with Iran is likely to have “minimal impact” on India. Government sources told businessline that India’s trade with the sanctioned country is...
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Large NBFCs backed by banks may join RBI’s upper layer list
The Reserve Bank of India is likely to issue its updated list of upper layer non-banking financial companies (NBFCs) by mid-2026, sources say, and could add large NBFCs promoted by banks and strong promoters in the list. NBFCs that could potentially...
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India rejects US’ inaccurate claim on stalled trade deal
New Delhi has rejected claims made by US Commerce Secretary Howard Lutnick that the India-US trade deal did not happen because Prime Minister Narendra Modi did not speak to US President Donald Trump. Dubbing the claims “inaccurate,” the Ministry of...
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Crorepati I-T filers surge 22% in AY26 even as tax base stagnates
The number of individuals declaring annual incomes of over ₹1 crore has increased sharply in India, even as the overall base of income-tax filers has seen minimal expansion, underscoring a growing concentration of reported income at the upper...
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Trump’s threat of higher tariffs on India could derail trade talks
US President Donald Trump has said that India is buying less oil from Russia because Prime Minister Narendra Modi is a “good guy” and wants to make him happy. But he warned that Washington can raise tari s on India “very quickly” if all purchases are...
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Reserve Bank may retain core components of flexible inflation targeting, say sources
The Reserve Bank of India (RBI) will likely retain the core components of the flexible inflation targeting (FIT) framework, as a majority of economists believe that the model of targeting headline inflation against core inflation, and maintaining a 2-6...
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‘Forest over trees’, the core message for 2026
“Forest over trees” is not a slogan here, it is a diagnosis. In early 2025, portfolios were built around what felt like the only two stories worth owning, AI and crypto. One had the promise of productivity miracles. The other had the promise of...
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Customs, CGST shortfall to derail FY26 indirect tax target
The spotlight is currently on the decline in income tax collections and falling direct tax revenue. But indirect tax collections of the Centre are also under stress in FY26. A businessline analysis of Controller General of Accounts (CGA) data shows...
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Net local GST mop-up dips 5% in Dec as festival sales end
With the end of festival sales and refunds surging, net domestic collection of the Goods and Service Tax in December declined over 5 per cent, data made public on the GST portal showed. However, a strong growth in Integrated Goods and Services Tax...
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‘Economy growing well, but faces near-term external risks’
While India’s economy continues to grow strongly and the domestic financial system remains sound, both face near-term risks from external uncertainties from further escalation in geopolitical and trade tensions and widening geo-economic fragmentation,...
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Defence forces get ₹79,000-cr boost to sharpen firepower
Proposals worth nearly ₹79,000 crore aimed at significantly enhancing the combat capabilities of the Army, the Navy and the Air Force were cleared by the Defence Acquisition Council (DAC) at its final meeting of 2025 on Monday. Chaired by Defence...
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Large banks mobilise record funds via certificates of deposit in 2025
Large banks raised record funds via certificate of deposit (CDs) issuances in calendar year 2025 as organic term deposit and low-cost current account and savings account (CASA) growth remained tepid, whereas credit growth saw sustained pickup, experts...
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8 of 10 BSE stocks did not beat ‘boring’ SBI FD
With just three trading sessions left this year, the Sensex is up 8.8 per cent in 2025. Yet, many investor portfolios have not felt that cheer. This is because nearly 79 per cent of actively-traded BSE stocks failed to beat SBI’s fixed deposit return...
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In a big AI push, Coforge acquires Encora for $2.35 b
At a time when Indian IT firms are recalibrating operations to deliver AI-based services, mid-cap tech services company Coforge took a big plunge into Artificial Intelligence on Friday by acquiring Silicon Valley-based ‘AI native’ company Encora for...
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