Another area where substantial progress has been made is product classification. By Sanket Desai, Tax Partner, EY IndiaAs India completes nine years of the Goods and Services Tax (GST), the reform has emerged as one of the most significant catalysts for change in the FMCG sector. Introduced in July 2017, GST replaced a multitude of…
Top stocks to buy today (AI image) Stock market recommendations: NACL Industries, Info Edge (Naukri), and Minda Corporation – these are the top stocks to buy recommended by Mehul Kothari, DVP – Technical Research at Anand Rathi Shares for July 1, 2026:NACL Industries: Inverse Head & Shoulders Breakout with Strong AccumulationBuy: Rs 204–Rs 200 |…
MUMBAI: Indian Hotels Company, which operates the Taj chain, plans to invest between Rs 6,000 crore and Rs 7,500 crore over the next five years to expand in India and select overseas markets, alongside fresh investments in digital and cybersecurity, chairman N Chandrasekaran told shareholders on Tuesday. The centrepiece is Taj Bandstand, a 50-storey, 500-plus-room…
Voltas sells 1 million units in 81 days as India sizzles MUMBAI: Voltas entered the new financial year on a strong footing, with its room air conditioning business crossing the milestone of one million units in a record 81 days, chairman Noel Tata said Tuesday at what marked his final annual general meeting as chairman…
MUMBAI: Banks’ bad loans, which are at a multi-decadal low, are expected to rise marginally to 1.9% by March 2028 under a baseline scenario from 1.8% in March 2026, even as capital ratios are projected to moderate over the same period according to RBI’s bi-annual Financial Stability Report. According to the macro stress test results…
MUMBAI: Oyo parent Prism has filed updated draft IPO papers with markets regulator Sebi, seeking to raise up to Rs 6,650 crore (around $703 million) and moved a step closer to getting listed on the bourses. The IPO has been structured as a primary share sale which means that the company will retain all the…
The world’s third-largest oil importer received around 2.70 million barrels per day (bpd) of Russian crude during June India’s imports of Russian crude oil climbed to a record high in June as refiners increased purchases of discounted barrels to offset supply risks linked to disruptions around the Strait of Hormuz, according to preliminary ship-tracking data…
45% of homes will need electrical upgrades to charge EVs: Study NEW DELHI: Amid the push for EVs and Delhi govt’s policy of stopping registration of CNG- and petrol-fuelled threewheelers from Jan 2027 and two-wheelers from April 2028, a study released Tuesday has found nearly 45% of Indian homes need electrical upgrades to safely charge…
GST’s taxpayer base has expanded significantly since its rollout, rising from 66.5 lakh in 2017 to 1.65 crore as of May 2026, reflecting greater formalisation of the economy. When the Goods and Services Tax (GST) was rolled out on July 1, 2017, it marked India’s biggest overhaul of indirect taxation since Independence. Replacing a patchwork…
MUMBAI: India’s invisible surplus widened sharply in the quarter ended Mar 2026 and over FY26, driven by strong services exports and higher remittances, while primary income outflows remained contained.The surplus rose to $90,513.93 million in Q4 FY26, up 24.05% from $72,968.57 million a year earlier. For FY26, it expanded to $312,047.60 million, up 18.20% from…