New Delhi, July 13 (IANS) India’s retail inflation, based on the new Consumer Price Index (CPI) series, was recorded at 4.38 per cent in June this year compared to the same month of the previous year, according to data released by the Ministry of Statistics on Monday.The commodities that posted the highest inflation during the month were silver jewellery, which saw a 133.21 per cent jump in prices and gold jewellery, which clocked a 36.82 per cent increase in prices. Overall food inflation in Ju…
Latest FY27 News & Updates
Mumbai, July 13 (IANS) GM Breweries, one of the largest manufacturers of country liquor in the state of Maharashtra, has reported a 30.2 per cent sequential decline in its consolidated net profit for the first quarter of FY27.The Maharashtra-based alcoholic beverages maker reported a consolidated net profit of Rs 37.74 crore for the quarter ended June 30 (Q1 FY27), down from Rs 54.07 crore in the preceding January-March quarter (Q4 FY26), according to its exchange filing.On a year-on-year basis,…
New Delhi, July 13 (IANS) India’s road infrastructure developers are targeting asset monetisation worth around Rs 40,000 crore through Infrastructure Investment Trusts (InvITs) in FY27 as they seek to unlock capital, reduce leverage and support future expansion, according to a report released on Monday.The report by Brickwork Ratings highlighted that the sector is also aiming for the award of nearly 10,000 km of new highway, expressway and high-speed corridor projects during the financial year, …
New Delhi, July 11 (IANS) More than 1.7 crore income tax returns (ITRs) have been filed so far for the assessment year (AY) 2026-27, the Income Tax Department said on Saturday.”Over 1.7 crore taxpayers have already taken the smart step and filed their ITRs for A.Y. 2026-27,” the department said in a post on X.According to the department, more than 10 lakh returns were filed on Friday alone.Moreover, the Income Tax Department has urged eligible taxpayers who are yet to file their returns to compl…
New Delhi, July 10 (IANS) Elecon Engineering Company Ltd on Friday reported a sharp 60 per cent year-on-year decline in its consolidated net profit for the first quarter of FY27, as margin pressure weighed.The company’s consolidated net profit stood at Rs 70.4 crore during the April-June quarter, compared with Rs 175 crore in the corresponding period of the previous financial year, according to the exchange filing.On a standalone basis, the company’s net profit declined 75.5 per cent year-on-yea…
Mumbai, July 9 (IANS) Tata Consultancy Services (TCS), India’s largest software services exporter, on Thursday reported a consolidated net profit of Rs 13,349 crore for the first quarter of FY27, down around 3 per cent from Rs 13,718 crore recorded in the January-March quarter of the previous financial year (Q4 FY26). On a year-on-year basis, however, net profit rose 5 per cent from Rs 12,760 crore reported in the corresponding quarter last year (Q1 FY26).Revenue from operations increased 14 per…
New Delhi, July 4 (IANS) Auto sector demand in India remained resilient in June, with personal mobility segments continuing to outperform, a report has said.The report from Asit C Mehta Investment Intermediates said easing of supply-side bottlenecks at several OEMs, healthy retail demand and sustained export momentum supported volume growth during June.Export momentum for two- and three-wheelers is also expected to remain supportive, the report added.Two-wheeler YoY retail growth rate accelerate…
New Delhi, July 2 (IANS) Cumulative domestic two‑wheeler sales grew 22 per cent year‑on‑year to 33.6 lakh units in April–June 2026, while passenger vehicle domestic sales rose about 25 per cent to 12.7 lakh units, a report said on Thursday, adding that the industry will maintain momentum in FY27.”Looking ahead to FY27, we remain cautiously positive about domestic PV sales and expect industry volumes to grow at a mid-single-digit pace,” the report from Axis Securities said.The growth will…
New Delhi, July 2 (IANS) Coal production from captive and commercial mines in India stood at 17.88 million tonnes (MT) in June, while coal dispatch reached 18.55 MT, as production increased by 14.9 per cent over June 2025, when output stood at 15.56 MT, an official statement said on Thursday.In the first quarter of FY27 (April to June), cumulative coal production increased by 5.35 per cent compared with the corresponding period of the previous financial year. Coal dispatch during the quarter als…
New Delhi, June 30 (IANS) Pakistan’s foreign direct investment (FDI) fell 28 per cent during the first 11 months of FY26 as persistent regional uncertainty and geopolitical tensions continued to weigh on investor sentiment, a report has said.The report published in Dawn showed that regional instability has negatively impacted Pakistan’s domestic bond and equity markets, with uncertainty prompting foreign investors to stay away despite an improvement in the country’s foreign exchange reserves and…