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Business
July Sees GST Collections Surge by 15.4% Exceeding Rs 2.11 Lakh Crore
India’s Goods and Services Tax (GST) collections reached over Rs 2.11 lakh crore in July, marking a 15.4% increase year-on-year. This growth was fueled by robust revenues from both domestic…
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Business
RBI’s Special Swap Facility Attracts $40.8 Billion in Foreign Inflows by End of July
Foreign currency inflows under the Reserve Bank of India’s (RBI) special swap facility surged to $40.816 billion by July 31, nearly doubling from $20.718 billion on July 17. The increase…
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Business
Indian Oil Increases Spot Crude Purchases Amid Middle East Supply Disruptions
Supply disruptions in the Middle East have led Indian Oil Corporation (IOC) to significantly alter its crude sourcing strategy. The state-run refiner has increased its spot market purchases from 50%…
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Business
Bessent’s ‘To-Do’ Note Suggests US Strategy to Support Japanese Yen
The U.S. Treasury is considering a significant intervention in the Japanese yen market, with plans to purchase between $5 billion and $10 billion worth of the currency. This development emerged…
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Business
FIFA Halts $4.2 Billion World Cup Stake Sale Amid Global Backlash
FIFA has scrapped its plan to sell a minority stake in its commercial operations, including the FIFA World Cup, after facing significant backlash from football federations and internal dissent. FIFA…
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Business
India Set to Introduce Plastic Currency Notes: Understanding the Significance of This Move
India is set to introduce plastic or polymer currency notes, marking a significant shift from traditional paper notes. The Reserve Bank of India (RBI) has received approval to print up…
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Business
Key Considerations for NRIs Filing Tax Returns Ahead of the July 31, 2026 ITR Deadline
July 31, 2026, is the deadline for salaried taxpayers and pensioners to file their income tax returns in India. Non-Resident Indians (NRIs) must also report their Indian income in their…
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Business
Challenges Ahead for Trump: Potential Failure of Sanctions Bill on Tariffs for Russian Oil Buyers in House Vote
US President Donald Trump faces significant challenges in advancing a new bill aimed at imposing fresh sanctions on Russia and its trading partners. The proposed legislation seeks to sanction Russian…
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Business
Surge in Gold Loans Drives Bank Credit Growth in Q1
MUMBAI: Gold loans have significantly boosted personal lending and overall bank credit, with the segment expanding 93.8% year-on-year by the end of June 2026. Banks added Rs 74,171 crore in…
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Business
Seedance 3.0 Listings Require Studio Verification Before Any Paid Render
Marketplace listings for Seedance 3.0 now appear beside older Seedance-branded tools, affiliate wrappers, and pages promising unlimited free renders with no credit counter visible. A buyer scanning search results cannot…
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Business
Cabinet Greenlights Rs 84,084 Crore ‘Samudra Manthan’ Initiative for Oil and Gas Exploration
India has launched the ‘Samudra Manthan‘ National Offshore Exploration Scheme, allocating Rs 84,084 crore for oil and gas exploration. The Union Cabinet, led by Prime Minister Narendra Modi, approved this…
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Business
Challenges for Fresh Graduates: The Indian IT Sector Faces Job Cuts and Onboarding Delays
India’s IT sector is undergoing a significant transformation in hiring practices, particularly for fresh graduates. Major firms are becoming more selective in their talent acquisition, often delaying onboarding processes for…
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Business
IndiGo Airline MD Critiques New Pilot Duty Regulations Following Flight Fiasco
Months after significant flight disruptions, IndiGo’s Managing Director, Rahul Bhatia, has called on the government to reconsider the new Flight Duty Time Limitations (FDTL) regulations. He argues that the current…
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Business
US Economy Experiences Slowdown as GDP Growth Declines to 1.5%, Consumer Spending Remains Strong
Strong consumer spending and steady business investment supported the US economy in the second quarter, but a surge in imports slowed overall growth to its lowest pace this year. According…
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Business
Government Addresses E20 Petrol Controversy: Seven Claims on Ethanol Blended Fuel Impacting Mileage and Engines Debunked
Seeking to address concerns regarding the use of E20 petrol, the Ministry of Petroleum & Natural Gas has released a statement rejecting seven claims about its impact on vehicles. The…
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