India's gross GST collections increased by 3.2 per cent to over Rs 1.94 lakh crore in May, driven by improved supplies of goods and services and a continued expansion in collections from imports.
"Taxpayers with income from shares, mutual funds, crypto, ESOPs, or derivatives often incorrectly use ITR-1 instead of ITR-2 or ITR-3."
Despite the Centre's GST 2.0 guidelines aiming to facilitate provisional refunds within seven days for low-risk cases, many large taxpayers are still encountering significant delays in obtaining Goods and Services Tax (GST) refunds under the inverted duty structure (IDS), with experts citing inconsistent state-level scrutiny and subjective interpretations.
Investors are keenly awaiting clarity on Reliance Jio Infocomm's IPO, the company's AI and data centre strategies, and next-generation leadership structure at Reliance Industries Ltd's (RIL's) 49th annual general meeting (AGM).
Businesses may eventually have to file returns largely based on invoices uploaded by suppliers, with limited scope for manual changes.
Chennai-based SKASports Investments Private Ltd has signed an agreement with a Singapore club to develop a regional sports ecosystem that would tap the large pool of footballers and coaches from India.
Russian President Vladimir Putin asserted that any attempts to undermine India's sovereignty through 'threats of sanctions' would 'boomerang immediately' under Prime Minister Narendra Modi's leadership, highlighting India's sovereign decision-making and strong national interests.
If something matters, schedule it, block it, put a placeholder in your calendar, says Sonica Aron, founder and managing director of Marching Sheep.
JSW Motors, part of the JSW group, is set to enter India's passenger vehicle market with plans to launch 15 new-energy vehicles (NEVs) over the next four years, with deliveries commencing from December 2026.
Commerce and Industry Minister Piyush Goyal announced that India expects to operationalise nine free trade agreements (FTAs) within the next 10 months, with plans for an additional three to four significant pacts over the coming year, reinforcing India's ambition to become a global manufacturing and investment hub.
'The real money in India over the coming period is likely to be made in small-cap stocks rather than in the large-cap benchmark names.'
Read all account documents, ask questions, and conduct basic due diligence before agreeing to become a joint holder.
E-commerce major Flipkart has announced significant appointments to its technology leadership team, bringing in experts in artificial intelligence, data science, fintech, and core engineering. These strategic hires, including Goda Ramkumar, Mohan Palisetti, and Nitesh Jain, are aimed at strengthening Flipkart's capabilities in these critical areas to better serve India's expanding digital consumer and seller base.
E-commerce major Flipkart has announced significant appointments to its technology leadership team, bringing in experts in artificial intelligence, data science, fintech, and core engineering. These strategic hires, including Goda Ramkumar, Mohan Palisetti, and Nitesh Jain, are aimed at strengthening Flipkart's capabilities in these critical areas to better serve India's expanding digital consumer and seller base.
The India-Oman free trade agreement, operationalised on June 1, is set to create significant export opportunities for India's labour-intensive and value-added sectors, including textiles, gems and jewellery, and marine products, while also strengthening energy security.
Cars24 has announced the launch of its AI Labs, backed by a USD 20 million investment, to foster AI innovation and support startups in the field.
'AIS helps taxpayers check whether all income streams and reportable transactions -- such as interest from old bank accounts, small dividend receipts or transactions across multiple brokers -- have been properly disclosed.' 'Mismatches between these transactions and declared income may trigger automated notices or scrutiny.'
Switching formats in a short span of time is never easy, concedes Kuldeep Yadav and the senior India spinner hopes that players coming off a gruelling IPL season have prepared well for this week's one-off Test against Afghanistan just as he did with extended red-ball practice.
Thousands and thousands and thousands of adults owe their lives to the commitment and medical fervour of Dr Armida Fernandez, who a grateful nation honoured with the Padma Shri this year.
Cricket Australia chief executive Todd Greenberg said fears that private investment in the Big Bash League (BBL) could lead to the tournament ceding control to Indian Premier League (IPL) franchise owners are overblown.
Google has removed the messaging app Telegram from its Play Store in India, with Apple expected to follow, in compliance with a government order aimed at preventing paper leaks during the upcoming NEET-UG re-examination on June 21. The government has also directed Telegram to temporarily disable its message-editing feature until June 30.
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.
'DRDO has been directed to license missile technologies to the private sector.'
Prime Minister Narendra Modi has urged states to balance the opportunities presented by artificial intelligence with the need to safeguard against social challenges like cyber fraud and drug abuse. He also warned of the risks posed by El Nino conditions, calling for stronger water conservation measures and emphasising the collective resolve towards a 'Viksit Bharat'.
The National Democratic Alliance (NDA) is set to hold a crucial meeting to celebrate Prime Minister Narendra Modi becoming India's longest continuously serving elected prime minister, surpassing Jawaharlal Nehru's record of 4,399 days.
Fino Payments Bank's MD and CEO, Rishi Gupta, has been arrested for violating Goods and Services Tax laws, prompting the appointment of Ketan Merchant as the interim head.
Ed-tech unicorn PhysicsWallah is strategically targeting a 30% revenue improvement by FY27, leveraging AI-led automation, aggressive expansion into southern Indian markets, and a strong focus on student learning outcomes and enrolment growth.
The scheme, called 'Suhana Safar', targeted customers who aspire to own a car but were hesitant because of concerns around arranging the down payment or managing future EMI obligations.
Zee Entertainment Enterprises Ltd (ZEEL) has announced an eight-year partnership with FIFA to broadcast all its matches, including the World Cup 2026, in the Indian market. The deal includes 39 FIFA global football events, with live coverage available on ZEEL's sports network and streaming platform ZEE5.
Sun Pharmaceutical Industries reported strong consolidated numbers for Q4 FY26, with net profit rising 26 per cent year-on-year to 2,714 crore, despite continued weakness in its US generics business. Growth in innovative medicines and increased R&D investments are helping to offset these pressures.
OpenAI and Anthropic are not simply enabling new software capabilities, they are moving directly into enterprise execution, workflow ownership, and decision orchestration.
A 40-year-old man has been arrested in Ghaziabad for allegedly shooting dead his wife and a close friend, suspecting they were having an affair.
'We strongly believe that anyone with capability and a strong work ethic should have a chance at the top job.'
IBM and Yotta Data Services have announced a partnership to deliver an agentic artificial intelligence (AI) platform for enterprises and government organisations in India, leveraging IBM WatsonX Orchestrate and Yotta's Shakti Cloud.
ICICI Bank is seeking recoveries of at least 100 crore from fintech firms, alleging merchant misclassification of their business, a practice that has eroded the bank's interchange income. The dispute, lodged with global card network Visa, highlights growing discomfort among banks and intensified scrutiny from the Reserve Bank of India.
Kumar Mangalam Birla urged young people to 'build in India, build for India and build for the world'.
API Holdings, the parent company of online pharmacy PharmEasy, has significantly reduced its debt from 1,800 crore to 1,050 crore and refinanced it at lower interest rates under CEO Rahul Guha, shifting its focus from 'growth at any cost' to profitability and aiming for a debt-free balance sheet before a potential stock market listing.
Kolkata Knight Riders, owned by the Shah Rukh Khan family and Mehta Group, emerged as the most valuable franchise.
TCS, India's largest IT firm, is aiming to become the world's leading AI-led technology services company. CEO K Krithivasan highlights the company's strategy, including upskilling its workforce and executing nation-scale projects in India.
Retail giant Walmart has announced that India has become one of its fastest-growing sourcing hubs globally, with the company having procured over $40 billion worth of goods from the country. This initiative aims to expand supplier capabilities, improve compliance standards, and help Indian manufacturers scale exports worldwide.
