New Delhi, May 2 (IANS) India’s auto sector saw a demand‑led but uneven recovery in FY26, driven by urban market demand and premiumisation while rural demand saw some headwinds, a new report has said.The report from Deloitte India said two‑wheelers led the recovery, with wholesale volumes up 10.7 per cent year‑on‑year and retail sales rising 13.4 per cent.Passenger vehicles continued the premiumisation trend, with mid-size entry segments gaining share and traditional entry-level segmen…
Latest GST News & Updates
New Delhi, May 1 (IANS) The gross Goods and Services Tax (GST) collection surged 8.7 per cent (year-on-year) to a record Rs 2,42,702 crore in the month of April despite geo-political uncertainties, latest official data showed on Friday.Net GST revenue for last month stood at Rs 2,10,909 crore, registering a 7.3 per cent annual growth (after accounting for refunds).Total refunds jumped 19.3 per cent (on-year) to Rs 31,793 crore, leading to a net GST revenue of Rs 2,10,909 crore for the month.The …
Rajkot, April 29 (IANS) A trap operation by the Gujarat Anti-Corruption Bureau (ACB) in Rajkot has resulted in the arrest of a Central GST (CGST) superintendent and a tax consultant for allegedly accepting a Rs 20 lakh bribe, officials said on Wednesday.Mukesh Kumar, 43, a superintendent posted with CGST Division-1, Range-5 in Rajkot, and Akash Kaloliya, 33, a tax consultant, were caught on April 28 during a planned operation at Creative Complex located near the city’s ST bus station.According…
Mumbai, April 28 (IANS) The formal agreement for the transfer of the iconic Air India building at Nariman Point in Mumbai is set to be signed between the Maharashtra government and Air India Assets Holding Limited (AIAHL) within the next week, government officials said on Tuesday. While the state government moved to purchase the building for Rs 1,600 crore nearly two-and-a-half years ago, the transaction had remained incomplete until recently. The Finance Department has now officially transferre…
New Delhi, April 27 (IANS) India’s passenger vehicle (PV) wholesale volumes rose 16 per cent year‑on‑year (YoY) to 4.4 lakh units in March 2026 and improved 6 per cent sequentially, as original equipment manufacturers (OEMs) continued steady production to cater to the robust domestic demand, a report said on Monday.The automobile wholesale volume is projected to grow 4–6 per cent in FY27, as demand is supported by GST rate cuts and new model launches, the report from ICRA said. The growth …
Mumbai, April 24 (IANS) India Inc is estimated to have recorded 8.5–9 per cent year-on-year (YoY) revenue growth in the fourth quarter of fiscal 2026 (Q4 FY26), driven by strong volume momentum in automobiles and white goods after GST rate rationalisation in September 2025, a report said on Friday.The data compiled by Crisil Intelligence noted that while corporate India has maintained healthy growth so far, the outlook for the first quarter of fiscal 2027 is likely to moderate, with revenue gr…
Mumbai, April 22 (IANS) SBI Life Insurance on Wednesday reported a marginal 1 per cent decline in its net profit for the fourth quarter of FY26, even as premium income showed strong growth.During the quarter, the insurer’s profit after tax (PAT) stood at Rs 804.64 crore, compared with Rs 813.5 crore in the same quarter last year.On a quarter-on-quarter basis, net profit jumped by about 40 per cent from Rs 576.74 crore in the third quarter of the fiscal.Moreover, net premium income rose 16 per …
New Delhi, April 21 (IANS) India’s two-wheeler sales touched record high in FY26, with domestic wholesale volumes surging to around 22 million units, a report said on Tuesday.The report from ICRA estimated that wholesale volumes grew by around 20 per cent in March 2026, while retail volumes jumped 28.7 per cent on a YoY basis, and two-wheeler domestic volumes grew by approximately 11 per cent for the full fiscal year.The ratings agency forecasted two-wheeler wholesale volume growth to moderate…
Washington, April 21 (IANS) Nuclear power and natural gas could anchor the next phase of India-US energy cooperation, as both countries look to cut costs, diversify supply chains and strengthen long-term energy security, according to a US-based expert.“There are plenty of opportunities right now,” said Dinsha Mistree, from the Hoover Institution of the prestigious Stanford University, pointing to nuclear energy as “very critical” for future collaboration between India and the United Stat…
New Delhi, April 18 (IANS) Prime Minister Narendra Modi on Saturday launched an acerbic attack on the Congress, accusing it of spreading misinformation on delimitation, adopting an “anti-reform” approach, and pursuing “negative politics” that harms national interest.He said the Congress is following a policy of divide and rule, which he alleged it inherited from the British, and is spreading misinformation that delimitation would adversely impact certain states.Addressing the nation a day after …