The Delhi government has announced a comprehensive audit of the Narela and Bawana industrial areas, covering the period from 2011-12 to 2025-26. The audit, initiated by the DSIIDC, aims to identify financial irregularities, fund diversions, and their financial impact within these public-private partnership projects.
Non-banking financial companies (NBFCs) reported encouraging results for Q4FY26 with improved asset quality and earnings, but analysts maintain a cautious near-term outlook due to geopolitical tensions, monsoon risks, and specific portfolio concerns.
Election-related freebies and populist measures are other factors crimping the revenue profile of these states.
Gujarat ATS intercepts a large silver consignment worth 5 crore at Rajkot Airport, suspecting tax evasion.
Hampton Sky Realty Limited, formerly directed by Punjab minister Sanjeev Arora, has issued a statement asserting its innocence and cooperation with authorities following the arrest of Arora in connection with a money laundering probe.
A court in Gurugram has sent Punjab's Industries Minister Sanjeev Arora to seven days of ED custody in a money laundering case, officials said on Sunday.
Automobile manufacturers have informed NITI Aayog that they face significant challenges in tracing 20-25-year-old vehicles due to multiple ownership changes, hindering their ability to meet Extended Producer Responsibility (EPR) targets for end-of-life vehicles (ELVs). They are seeking government support, including access to updated Vahan registration records, to locate these vehicles and encourage owners to use authorised scrapping centres.
The remarkable rise of smallcaps reflects the emergence of a broad set of specialised businesses operating in industries where the sectoral tailwinds remain considerably stronger than macroeconomic headwinds, points out Debashis Basu.
Taxpayers should reconcile returns with AIS, Form 26AS and maintain all supporting records.
During the meeting with Prime Minister Narendra Modi, Vijay raised concerns, including rendering Tamil Thai Vazhthu at the beginning of government events, opposition to Karnataka's proposed Mekedatu dam project, the release of Tamil Nadu fishermen detained by Sri Lanka, and the establishment of a key defence research facility in the state.
"Policy sales will be one of the focus areas for the company because looking at the large insurance gap, large number of people being uncovered. The only right way to go is to increase the number of policies," said Amit Jhingran, MD & CEO, SBI Life Insurance.
The Union Cabinet applauded Prime Minister Narendra Modi for becoming India's longest continuously serving elected Prime Minister, surpassing Jawaharlal Nehru's record. Modi first took office in 2014, was re-elected in 2019, and began his third consecutive term in June 2024.
The GST Council at its next meeting may consider a reduction in taxes on air and water purifiers as air quality across the country worsens and access to safe drinking water remains uneven.
A special PMLA court in Gurugram has remanded Punjab Industries Minister Sanjeev Arora in Enforcement Directorate's custody for a week in an alleged Rs 100-crore GST fraud-linked money laundering case.
The Enforcement Directorate conducted searches against Punjab industries minister Sanjeev Arora and others allegedly linked to him as part of a money laundering case investigation.
Major life insurers in India reported close to double-digit growth in the value of new business (VNB) last financial year, primarily driven by increased sales of high-margin protection and non-participating (non-par) products.
An investigation has been launched into the authenticity of the disability certificate of Prashant Kumar Singh, who resigned as GST Deputy Commissioner in protest against remarks made against Chief Minister Yogi Adityanath. The probe was initiated following a complaint filed in 2021.
The Enforcement Directorate conducted fresh searches against Punjab industries minister Sanjeev Arora and others allegedly linked to him as part of a money laundering investigation.
The Indian central government has reduced its total expenditure by approximately 60,000 crore in FY26, below its revised estimate, to successfully achieve the fiscal deficit target of 4.4 per cent of gross domestic product (GDP), according to the latest data from the Controller General of Accounts (CGA).
Gross GST collections rose 6.2 per cent to a three-month high of over Rs 1.93 lakh crore in January, indicating increased consumption is making up for rate cuts late last year, sources said on Sunday.
'If a common man wants to buy an air purifier for Rs 10,000, then he will have to shell out Rs 11,800 with 18 percent GST.' 'If he is charged GST at 5 percent the same air purifier will cost Rs 10,500.' 'This saves a one time amount of Rs 1,300 -- and that too just to breathe clean air.'
The World Bank has increased India's economic growth projection for FY27 to 6.6 per cent, citing resilient domestic demand, while simultaneously cutting its global economic growth outlook due to the conflict in West Asia.
Punjab minister Sanjeev Arora has been sent to judicial custody for two weeks in connection with an alleged Rs 100-crore money laundering case. The Enforcement Directorate produced Arora before the court after completing his extended remand. The minister's next court appearance is scheduled for June 1st.
'Despite a challenging FMCG environment, ITC Foods has grown at or above the industry rate.'
Despite a sharp increase in import duties on gold and silver to 15 per cent, the precious metals are trading at significant discounts in the domestic market, with gold seeing discounts of up to $200 an ounce and silver up to $6 an ounce.
With duties at 15%, GST at 3%, and making charges running as high as 20% -- the gap between a smart purchase and a careless one can easily be Rs 30,000 to Rs 50,000 on every Rs 1 lakh invested. And most of that gap is entirely avoidable. Ramalingam Kalirajan explains the math.
The Enforcement Directorate (ED) has arrested Punjab Industries Minister Sanjeev Arora in connection with a money laundering case involving alleged fake GST purchases and round-tripping of funds. Raids were conducted at multiple locations, and Arora was taken into custody under the Prevention of Money Laundering Act (PMLA). This follows previous actions against Arora and other politically connected individuals in Punjab.
The Enforcement Directorate conducted fresh searches against Punjab industries minister Sanjeev Arora and others allegedly linked to him as part of a money laundering investigation. Raids were carried out at multiple locations, including Arora's residence and business premises, following a new case registered under the Prevention of Money Laundering Act (PMLA).
Mumbai is set to host a friendly cricket match between GST, Customs officers, and actors to promote fitness and sportsmanship, organised by the Sports Authority of India (SAI).
The Punjab government has redistributed portfolios held by arrested minister Sanjeev Arora among other cabinet members, including Aman Arora, Harjot Singh Bains, and Tarunpreet Singh Sond.
Delhi Police busted an interstate liquor smuggling racket that used cartons labelled as 'wood polish' to transport liquor to Bihar. One person has been arrested, and the syndicate is being investigated under organised crime provisions.
Police in Kanpur have arrested a suspected mastermind behind a network of fake firms, forged documents, and suspected hawala transactions worth over Rs 3,200 crore.
India's leading passenger vehicle manufacturers are significantly increasing investments and factory capacities, alongside planning major product launches for FY27, driven by strong confidence in sustained domestic demand growth despite global geopolitical tensions and supply chain risks.
Fuel prices have risen by about Rs 7.5 per litre since May 15, as global crude oil prices surged due to the ongoing conflict in West Asia and supply concerns around the Strait of Hormuz.
The start of the West Asia conflict has led to a sharp increase in crude-linked raw material prices, pushing up the price of helmets across the country.
Automobile retail sales rose nearly 18 per cent year-on-year to over 27 lakh units in January, led by continued post-GST momentum, healthy rural cash flows on the back of harvest and weddings, and sustained demand visibility across freight, dealer's body FADA said on Tuesday.
India's total automobile retail sales recorded a significant 9.55 per cent year-on-year growth in May, reaching an all-time high of 25,31,067 units, driven by strong performances in three-wheelers, passenger vehicles, and tractors, despite prevailing heatwave conditions and fuel price pressures.
ICICI Bank on Thursday said tax authorities have slapped a demand notice of Rs 238 crore on it for alleged short payment of GST.
Punjab Cabinet Minister Sanjeev Arora has challenged his arrest by the Enforcement Directorate (ED) under the Prevention of Money Laundering Act (PMLA), claiming it is illegal and unconstitutional. The Punjab and Haryana High Court heard arguments and adjourned the matter to May 14. Arora was arrested in connection with an alleged Rs 100-crore GST fraud-linked money laundering case.
Electric vehicle (EV) penetration in the luxury car segment has seen a drop by nearly 3 percentage points in the GST 2.0 era with the internal combustion engine versions offering better total cost of ownership, according to industry players. While the trend is also visible in the mass market segment, it is the entry luxury segment that is witnessing a more marked shift towards internal combustion engine (ICE) vehicles as price difference between EV and ICE widened under the new GST rates.
