News for 'tax revenue'

Higher input costs, price hikes may play spoilsport for HUL

Higher input costs, price hikes may play spoilsport for HUL

Rediff.com12 May 2026

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.

Big verdict: No RTI for BCCI, rules CIC

Big verdict: No RTI for BCCI, rules CIC

Rediff.com6 days ago

The Central Information Commission has ruled that the Board of Control for Cricket in India does not qualify as a 'public authority' under the Right to Information Act, effectively placing it outside the scope of RTI disclosures.

Indian IT firms paid record Rs 1.3 trillion to shareholders in FY26 despite AI headwinds

Indian IT firms paid record Rs 1.3 trillion to shareholders in FY26 despite AI headwinds

Rediff.com4 days ago

India's top 16 IT services companies distributed a record 1.3 trillion to shareholders in FY26 through dividends and share buybacks, a 36.3 per cent increase from FY25, even as the industry grappled with AI-driven business model threats and a significant decline in market capitalisation.

Paytm Reassures RBI Action Has No Financial Impact

Paytm Reassures RBI Action Has No Financial Impact

Rediff.com25 Apr 2026

Paytm (One 97 Communications Ltd) has stated that the Reserve Bank of India's action on Paytm Payments Bank Ltd (PPBL) has no financial or business impact on the company. The fintech firm clarified it has no material business arrangements or exposure with the banking entity, which operates independently.

Yogi Adityanath: UP Attracted Rs 50 Trillion Investment Proposals Since 2017

Yogi Adityanath: UP Attracted Rs 50 Trillion Investment Proposals Since 2017

Rediff.com12 May 2026

Uttar Pradesh Chief Minister Yogi Adityanath announced that the state has secured investment proposals worth approximately Rs 50 trillion over the past nine years, attributing this economic revival to the enforcement of the rule of law and strategic policy changes. He affirmed UP's trajectory towards becoming a $1 trillion economy by 2029-30.

UK health minister quits, may challenger Starmer for PM

UK health minister quits, may challenger Starmer for PM

Rediff.com14 May 2026

UK Health Secretary Wes Streeting resigned from the Cabinet, citing a loss of confidence in Prime Minister Keir Starmer's leadership, potentially triggering a Labour leadership contest.

West Asia crisis may cost India Rs 2.1 trillion, says BoB

West Asia crisis may cost India Rs 2.1 trillion, says BoB

Rediff.com1 days ago

Bank of Baroda economists project India's GDP to grow 6.5-6.8 per cent in FY27 but warn that the fiscal deficit could overshoot the budgeted 4.3 per cent target, potentially reaching 4.7-4.8 per cent of GDP due to subsidy overruns, excise duty cuts, and oil marketing company losses.

War, Rain Dampen Q4 Consumer Durables Sales, Especially ACs

War, Rain Dampen Q4 Consumer Durables Sales, Especially ACs

Rediff.com20 Apr 2026

Increased input costs due to geopolitical conflict in West Asia and unseasonal rain in March negatively impacted volumes of consumer durables makers, particularly air conditioners, in Q4FY26, leading to projected declines in EBITDA and APAT despite revenue growth.

Sunil Mittal plans Bharti Telecom to regain 51% Airtel stake, eyes succession in a decade

Sunil Mittal plans Bharti Telecom to regain 51% Airtel stake, eyes succession in a decade

Rediff.com14 May 2026

Telecom czar Sunil Bharti Mittal plans to hand over the reins of Bharti Airtel to his children in the next decade and desires that promoter firm Bharti Telecom regains over 50 per cent stake in the company.

Weak FY27 guidance, AI fears weigh on Infosys

Weak FY27 guidance, AI fears weigh on Infosys

Rediff.com25 Apr 2026

Infosys shares experienced a significant drop, hitting a 52-week low, after the company announced its Q4FY26 results and provided a modest revenue growth guidance of 1.5-3.5 per cent in constant currency for FY27, falling below market expectations and raising concerns about AI-led deflation and margin pressures.

Gang Busted For Rs 1.3 Crore GST Fraud Using Mudra Loan Scheme

Gang Busted For Rs 1.3 Crore GST Fraud Using Mudra Loan Scheme

Rediff.com22 Apr 2026

Police in Lucknow busted a gang that misused the Mudra loan scheme to create fake GST firms and commit input tax credit fraud worth approximately Rs 1.3 crore.

Biocon eyes in-licensing to boost biosimilars portfolio, targets margin expansion

Biocon eyes in-licensing to boost biosimilars portfolio, targets margin expansion

Rediff.com9 May 2026

Biocon is actively seeking in-licensing opportunities to expand its biosimilars portfolio, focusing on products that complement existing therapy areas, as the company shifts to a 'consolidate' phase with a strong emphasis on improving capacity utilisation, expanding margins, and driving return on capital employed.

Maruti Suzuki shares gain on strong domestic outlook despite margin concerns

Maruti Suzuki shares gain on strong domestic outlook despite margin concerns

Rediff.com8 May 2026

Maruti Suzuki India's shares gained over 2.5 per cent after a strong March-quarter performance, with analysts maintaining a positive medium-term outlook driven by buoyant domestic market volumes, capacity expansion, and export growth, despite anticipated near-term margin pressures from higher commodity prices and startup costs.

Odisha leads in GST growth, T'gana in direct taxes

Odisha leads in GST growth, T'gana in direct taxes

Rediff.com26 Dec 2025

A shift appears underway in India's tax landscape. States with relatively smaller tax collections like Odisha and Telangana are emerging as the fastest-growing contributors to indirect and direct tax collections, respectively.

IRS officer's daughter rape-murder case: Shocking autopsy details emerge

IRS officer's daughter rape-murder case: Shocking autopsy details emerge

Rediff.com23 Apr 2026

The post-mortem report of a senior IRS officer's daughter, who was murdered in her Delhi residence, reveals strangulation as the cause of death, along with multiple injuries indicating a struggle and assault. A former domestic help has been arrested in connection with the crime.

'If people don't buy gold...': Jewellers protest against PM's appeal

'If people don't buy gold...': Jewellers protest against PM's appeal

Rediff.com12 May 2026

Jewellers in Lucknow protest Prime Minister Modi's appeal to defer gold purchases for a year amid the West Asia crisis, fearing significant business losses and economic hardship for those involved in the trade.

Daughter Of IRS Officer Murdered In South Delhi Residence

Daughter Of IRS Officer Murdered In South Delhi Residence

Rediff.com22 Apr 2026

The daughter of a senior IRS officer was found murdered in her southeast Delhi residence. Police suspect sexual assault and are investigating a former domestic help who is absconding.

HUL Reports 21% Jump in Q4 Profit to Rs 2,994 Crore, Driven by Strong Volume Growth and Strategic Divestment

HUL Reports 21% Jump in Q4 Profit to Rs 2,994 Crore, Driven by Strong Volume Growth and Strategic Divestment

Rediff.com30 Apr 2026

FMCG major Hindustan Unilever Ltd (HUL) reported a 21 per cent increase in its March quarter consolidated net profit, reaching Rs 2,994 crore, primarily driven by higher volumes and a significant gain from the divestment of its stake in Nutritionalab.

West Asia Conflict Deepens India's Economic Challenges

West Asia Conflict Deepens India's Economic Challenges

Rediff.com30 Apr 2026

Even if there is an early agreement on a cessation of hostilities in West Asia, the price shock will not go away easily, points out A K Bhattacharya.

How Krutrim Became India's First AI Unicorn

How Krutrim Became India's First AI Unicorn

Rediff.com5 May 2026

Krutrim, India's first AI unicorn, has successfully repositioned itself as a focused domestic AI Cloud Services provider, reporting its first annual net profit in FY26.

GST collections rise 9% to over Rs 2 lakh cr in March, third highest in FY26

GST collections rise 9% to over Rs 2 lakh cr in March, third highest in FY26

Rediff.com1 Apr 2026

India's GST revenues experienced significant growth in March, reaching pre-tax cut levels, driven by increased imports and domestic sales. The report analyses the impact of tax rate changes and provides insights into future trends and economic stability.

Godrej Properties to raise Rs 3,000 crore via NCDs

Godrej Properties to raise Rs 3,000 crore via NCDs

Rediff.com5 May 2026

Godrej Properties Limited (GPL) reported its highest-ever quarterly profit of 649.5 crore in Q4 FY26, a 70.13 per cent year-on-year increase, driven by record revenues and bookings. The company aims for over 39,000 crore in residential bookings for FY27 and plans to raise up to 3,000 crore through debt securities.

Multi-Crore Deposit Scam Unravels In Karnataka

Multi-Crore Deposit Scam Unravels In Karnataka

Rediff.com7 days ago

Police in Belagavi, Karnataka, have arrested the operator of Shivam Associates, accused of running a multi-crore Ponzi scheme that promised high returns to depositors. The case has been registered under the BUDS Act and KPID Act, and will be transferred to the CID for further investigation.

Kerala Verdict: Left's Worst Defeat

Kerala Verdict: Left's Worst Defeat

Rediff.com5 May 2026

'What we are witnessing is a massive anti-incumbency wave that has cut across all social and political divides.'

What Budget 2026 Says About Taxes

What Budget 2026 Says About Taxes

Rediff.com5 Feb 2026

This Budget positions India's taxation ideology as not merely a revenue source but as a strategic catalyst for growth, inclusion and long-term confidence.

4 Reasons Why Market Recovered After March Crash

4 Reasons Why Market Recovered After March Crash

Rediff.com3 days ago

'Once the market decides it wants to go up, it goes up -- no amount of bad news can really hold it back.'

Ola Electric hit by volume slump, market share loss as Q3 revenue plunges

Ola Electric hit by volume slump, market share loss as Q3 revenue plunges

Rediff.com24 Feb 2026

Shares of electric vehicle (EV) maker Ola Electric Mobility fell nearly 7 per cent to a fresh low on Monday after its revenue growth in the third quarter (October-December/Q3) of 2025-26 (FY26) slowed, with analysts warning that any turnaround could be prolonged.

Multi-Crore Deposit Scam Unravels In Karnataka: Key Developments

Multi-Crore Deposit Scam Unravels In Karnataka: Key Developments

Rediff.com7 days ago

Police in Karnataka have arrested an individual running a firm accused of operating a multi-crore deposit scam, attracting investments with promises of high returns. The case involves Shivaanand S Neelanavar and his firm Shivam Associates, also known as Acumen, who allegedly failed to return money to depositors after promising a 36 per cent annual return.

'Prison Can Make Or Break A Person'

'Prison Can Make Or Break A Person'

Rediff.com5 days ago

After spending 31 months in Chennai's Puzhal prison, Ahmed Buhari is finally breathing free, as courts across the country quashed proceedings linked to his group company Coastal Energy.

Moody's cautions about tax cut impact on Indian economy

Moody's cautions about tax cut impact on Indian economy

Rediff.com26 Nov 2025

Moody's Ratings on Tuesday said tax cuts in the current fiscal has dented India's revenue growth, leaving less scope for fiscal policy support for the economy.

Govt's tax revenues soared in note-ban November

Govt's tax revenues soared in note-ban November

Rediff.com10 Jan 2017

In the post-demonetisation phase, the govt's tax revenues have ended up soaring in November.

RIL Q4: O2C Slump, Retail Drag to Cap Performance, Jio to See Steady Gains

RIL Q4: O2C Slump, Retail Drag to Cap Performance, Jio to See Steady Gains

Rediff.com24 Apr 2026

Reliance Industries is expected to report largely flat performance for its fourth quarter (January-March, Q4) of FY26, with weakness in the oil-to-chemicals (O2C) business and muted retail growth likely to offset steady gains in the telecommunications segment.

How Paytm's Separation From PPBL Secured Its Future

How Paytm's Separation From PPBL Secured Its Future

Rediff.com29 Apr 2026

Following regulatory action against Paytm Payments Bank Ltd (PPBL), Paytm strategically separated its core operations, a move praised by analysts for preserving business continuity and governance. This separation has enabled Paytm to sustain growth and improve profitability.

Bajaj Auto gears up for festival season with new Pulsar models

Bajaj Auto gears up for festival season with new Pulsar models

Rediff.com8 May 2026

Bajaj Auto is set to launch new Pulsar motorcycles in the 125cc and 150-250cc segments in Q2 FY27, aiming to capitalise on the upcoming festival season surge. This move follows strong growth in the 150cc-plus segment, where refreshed Pulsar models already account for over 50 per cent of Bajaj's sales.

Himachal SDM Under Scrutiny For Alleged Benami Land Deals

Himachal SDM Under Scrutiny For Alleged Benami Land Deals

Rediff.com30 Apr 2026

Himachal Pradesh DGP Ashok Tiwari has recommended a detailed examination and action against the SDM of Solan for alleged misuse of official position, conflict of interest, and possible involvement in benami transactions related to land deals.

TN Welfare Push Raises Fiscal Risks For New Government

TN Welfare Push Raises Fiscal Risks For New Government

Rediff.com4 May 2026

Amid the arithmetic of subsidies, consumption and capacity, whichever government assumes office in Tamil Nadu after May 4 is likely to inherit a growing debate over how far the state can continue to expand welfare promises without placing additional strain on public finances and the power sector.

Budget 2026: Key numbers to be watched

Budget 2026: Key numbers to be watched

Rediff.com1 Feb 2026

Here are the key numbers to watch out for in the Union Budget for 2025-26:

Chelsea report biggest-ever loss in English football

Chelsea report biggest-ever loss in English football

Rediff.com2 Apr 2026

Chelsea FC made a loss despite a rise in revenue as they finished fourth in the Premier League and won the Europa Conference League in the 2024-25 season.

6 states see fall in tax revenues till November

6 states see fall in tax revenues till November

Rediff.com30 Jan 2020

The bulk of states' revenue comes from the devolution from the Centre's divisible tax pool, GST, VAT on petroleum, and excise duty on alcohol.

Direct tax revenue up 33%

Direct tax revenue up 33%

Rediff.com5 Oct 2004