Maruti Suzuki India's CFO, Arnab Roy, has urged the central government to introduce an amnesty scheme or an 'as-is' settlement option to resolve past indirect tax disputes, aiming to clear legacy litigation and foster growth in the automotive industry. Roy emphasised the need for a 'smarter way to address the past' to provide long-term certainty for businesses.
India's services sector experienced its weakest growth in four-and-a-half years in July, as new business orders, both domestic and export, eased due to intense competition and declining demand. Despite a modest rebound in job creation and improved profit margins, overall business confidence slipped, reflecting a broader slowdown in the economy.
The Reserve Bank of India has marginally increased its GDP forecast for the current fiscal to 6.7 per cent while slightly lowering the inflation projection to 5 per cent. The central bank noted that while domestic economic activity shows resilience, global turbulence, particularly re-escalating conflicts and volatile oil prices, continues to pose risks to the inflation outlook.
Sebi Chairman Tuhin Kanta Pandey has defended the newly rolled out Closing Auction System (CAS), stating that it is a transparent mechanism and that the industry needs time to understand the change. He acknowledged initial turbulence and concerns from fund houses but noted an increase in mutual fund participation.
Hindustan Unilever (HUL) exceeded consensus estimates in Q4FY26, driven by lower overheads and 6 per cent consolidated volume growth. However, the company anticipates further price hikes to counter an expected 8-10 per cent material cost inflation, while maintaining a mid-term margin guidance of 22.5-23.5 per cent.
India's manufacturing sector activity growth declined to a five-year low in July, with the HSBC India Manufacturing Purchasing Managers' Index (PMI) falling to 53.5 from 54.2 in June, driven by a slower rise in new business orders and challenging market conditions.
The Maharashtra government has banned 114 items of literature from terrorist organisations like Islamic State and Al Qaeda, citing their role in glorifying extremism, promoting radicalisation, and threatening India's sovereignty and public order. The ban, issued via a gazette notification, follows intelligence inputs and ATS investigations into the circulation of such propaganda material.
Prime Minister Narendra Modi has outlined a comprehensive plan to empower India's youth, including training one crore youngsters in artificial intelligence skills and providing free online coaching for competitive examinations, aiming to position them at the forefront of the nation's journey to become a developed nation by 2047.
Prime Minister Narendra Modi, addressing the nation from the Red Fort on Independence Day, declared that India is undergoing a rapid transformation across various sectors and is firmly on track to become a developed nation by 2047.
The Maharashtra government has banned the literature of terrorist organisations such as Islamic State, Hizb-ul-Mujahideen Pir Panjal Regiment, and Al Qaeda (AQIS), citing its content glorifying violent extremism, promoting radicalisation, and providing information on bomb-making and lone-wolf attacks.
An initial analysis reveals that an Air India Airbus A320 flying from Phuket to Delhi experienced multiple hydraulic system failures, leading to a four-second loss of flight controls and a sudden 300-foot altitude drop, injuring 24 people. The incident is under investigation by the AAIB, and the pilot-in-command subsequently tested positive for a psychoactive substance, prompting Air India to implement mandatory testing for all its pilots.
US intelligence agencies intercepted information indicating Iran had precise details of President Donald Trump's location in Ankara during a NATO summit, prompting a secretive departure due to a specific surface-to-air missile threat and the presence of a shoulder-fired missile near the summit.
Maruti Suzuki India will increase the prices of its vehicles by up to Rs 30,000 across all models from August 2026, citing a sustained increase in input costs.
Rajya Sabha Chairman C P Radhakrishnan expressed "deep concern" over the persistent disorder and frequent disruptions that "derailed" the business of the House during the Monsoon Session, leading to a productivity of only 39 per cent.
The Mumbai Police have arrested veteran Bollywood filmmaker Shakeel Noorani following serious allegations of rape and threats.
Delhi Police have significantly ramped up security measures across the national capital ahead of Independence Day. This includes deploying advanced technology like facial recognition systems and the Abhigyan app, installing thousands of CCTV cameras, and putting up posters of 19 wanted terrorists. Multi-layered security is in place, especially around the Red Fort, with a large deployment of personnel and anti-drone systems to prevent any security breaches.
India's retail inflation, measured by the Consumer Price Index (CPI), rose to 4.45 per cent in July, up from 4.38 per cent in June, primarily due to higher food prices, particularly onions and ginger. This marks the second consecutive month the inflation rate has remained above the Reserve Bank's median target.
India's trade deficit reached a six-month high of $31.98 billion in July, driven by a sharp increase in imports, particularly crude oil, electronic goods, coal, and fertilisers. Both merchandise exports and imports recorded their second-highest levels during the same period.
Delhi Police has implemented a multi-layered security cover at the Red Fort for Independence Day celebrations, deploying advanced technologies like the Abhigyan app for fingerprint scanning and Facial Recognition System (FRS) vans to identify suspicious individuals. This enhanced security, involving thousands of personnel, CCTV surveillance, anti-drone systems, and snipers, aims to ensure a safe event amidst intelligence inputs.
India's private sector activity slowed to a four-year low in July, with the HSBC Flash Purchasing Managers' Index (PMI) falling to 54.3, driven by weakened sales and output amidst renewed tensions in West Asia and rising inflationary pressures.
The Supreme Court has been informed that the Aircraft Accident Investigation Bureau's final draft report on the June 2025 Air India flight AI-171 crash in Ahmedabad will be submitted in October. The court is hearing petitions seeking an independent probe into the accident, which claimed 260 lives.
Veteran Indian actor Pradeep Rawat, celebrated for his portrayals in films like Ghajini and Lagaan, passed away after a prolonged battle with blood cancer.
US Vice President JD Vance and Prime Minister Narendra Modi held a phone call to discuss expanding the India-US comprehensive global strategic partnership, focusing on trade, defence, energy security, emerging technologies, and critical minerals. The discussion comes amidst rising tensions in West Asia and recent regional realignments, with both leaders reaffirming their commitment to strengthening cooperation.
The Indian government has approved the introduction of one billion polymer banknotes in Rs 10 and Rs 20 denominations for field trials, aiming to enhance durability. This move comes as the Finance Minister also addressed Parliament on declining retail inflation, GST reforms, and other fiscal measures taken to support the economy and household consumption.
Student protests in Jharkhand over alleged irregularities in recruitment exams have intensified, leading to a state-wide bandh called by the BJP and a march by the ABVP to the state assembly. The agitation, now in its 18th day, has seen police action against demonstrators, an ED money laundering probe, and the arrest of a former JPSC chairperson, while talks between the government and students remain deadlocked.
Metals and mining conglomerate Vedanta aims to achieve $10 billion in group Ebitda by FY27, a significant increase from $6 billion in FY26, and plans to reduce its overall debt by more than 20,000 crore during the same period, according to CFO Ajay Goel.
West Bengal police have unearthed a sophisticated Pakistan-linked honeytrap network targeting state ministers, their families, and other high-profile individuals, leading to the arrest of a third suspect, Aditya Singh, an alleged associate of Jaish-e-Mohammed operative Hamim Mondal.
Security forces in Jammu and Kashmir launched extensive search operations in Kathua and Poonch districts following the sighting of a Pakistani drone near the International Border and inputs about suspected terrorist movement. An old mortar shell was also recovered in Kathua.
Cine and TV Artistes Association President Poonam Dhillon has strongly refuted allegations of misusing her position, calling them 'deeply offensive' and stemming from disgruntled CINTAA members who failed to get their way through legal proceedings.
Mahindra & Mahindra's Q1FY27 results missed consensus estimates due to declining gross margins, but strong demand for its SUV portfolio and strategic price hikes are expected to drive near-term gains, particularly in the auto segment, despite headwinds in farm equipment.
Tamil Nadu Leader of Opposition, Udhyanidhi Stalin, has courted severe political backlash and condemnation for an offensive double entendre remark alluding to actor Trisha during a protest gathering in Thanjavur, prompting calls for action from the National Commission for Women.
Delhi Police are intensifying their investigation into the alleged violence during the ongoing CJP protest, analysing CCTV footage, drone videos, mobile phone recordings, and other digital evidence to identify those involved in attacks on security personnel and damage to public property, with a focus on whether 'outsiders' and 'habitual offenders' infiltrated the demonstrations.
A proposed deal between Iran and Oman could grant Tehran control over vessels entering the Gulf through the Strait of Hormuz, according to a senior Iranian source and two regional officials who spoke to Reuters on Wednesday, in what represents one of the most significant concessions made to Iran to date.
IT Secretary S Krishnan advocates for India to pursue "strategic autonomy" in the AI ecosystem by building domestic capabilities and diversifying global supply chains. He emphasized avoiding overdependence on single sources while integrating into trusted global networks, and also highlighted the need to consider an AI law and regulatory framework.
Central tax authorities detected input tax credit (ITC) fraud worth Rs 74,781.56 crore across 30,162 cases in FY26, more than doubling the number of cases from the previous year, according to the Ministry of Finance.
Honda is re-entering the Indian market with the ZR-V, a premium hybrid SUV designed to be a halo product and showcase its global line-up, despite its high import price and some missing features.
'Healthy double-digit returns are still possible, though a sharp rally is unlikely.'
Tata Consumer Products reported healthy revenue growth in Q1 FY27, driven by its India branded business and accelerating momentum in newer segments, which are now expected to sustain double-digit sales growth and improve profitability.
A US federal judge has permanently dismissed the criminal securities-fraud case against Adani Group chairman Gautam Adani and his nephew Sagar, closing nearly two years of prosecution without a trial. Gautam Adani stated, "Truth has prevailed," in response to the ruling.
Indian benchmark indices Sensex and Nifty ended flat on Tuesday, with the Sensex dipping nearly 70 points, as investor sentiment turned cautious ahead of crucial global central bank policy meetings and a significant sell-off in Asian markets.
