India recorded divergent fuel demand patterns in October, with petrol sales touching their strongest level in five months while diesel usage showed no festive lift, according to preliminary industry data, cited by PTI.The beginning of the festival travel period pushed petrol consumption to 3.65 million tonnes during the month. This is a 7% increase from…
Indian Railways ended October on a strong note, reporting its highest monthly freight revenue to date. The national transporter generated Rs 14,216.4 crore in freight earnings for the month, supported by a rise in cargo volumes and a wider mix of commodities being transported, according to ET.Freight loading in October reached 133.9 million tonnes (mt),…
Portugal has made a major change to its citizenship rules, doubling the minimum time foreigners must live in the country before being eligible for a passport, from five years to as long as ten. The move has given a major blow to the plans of wealthy Indians who used Portugal’s golden visa route to eventually…
GST revenue collections in FY26 might exceed estimates this financial year!SBI Research expects India’s Goods and Services Tax (GST) collections to outperform targets in FY26, even as the country moves through a major rate restructuring exercise. The banking group’s latest analysis took in account for similar gains and losses across the states and concluded that…
NEW DELHI: The impact of pre-GST revamp pause in sale of several products, such as automobiles and white goods, and the lower rates rolled out from Sept 22 slowed down the growth in gross GST receipts but the mop up remained close to the Rs 2 lakh crore-level, data for October showed. Official numbers released…
Small and low-risk enterprises will soon be able to secure their Goods and Services Tax (GST) registration in just three working days. The GST department is introducing a simplified registration route for small and medium businesses, which becomes operational from Saturday. India’s Digital ID, GST Reform Win Global Recognition From IMF Chief Kristalina Georgieva Under…
Coal India Ltd (CIL) reported a 9.8 per cent year-on-year fall in production to 56.4 million tonnes in October, reflecting a continuing slump in operations amid subdued demand and post-monsoon challenges.According to provisional data released by the company on Saturday, coal offtake during the month also declined 5.9 per cent to 58.3 million tonnes, PTI…
Many retired central government employees are waiting to see how the 8th Pay Commission will impact their pensions, now that the Centre has approved the commission’s Terms of Reference (ToR) and given an 18-month timeline for the report. Although pay commission discussions usually revolve around serving employees, pensioners outnumber them. As per the government’s Pensioners’…
Imagine running a small telecom company and convincing the world’s biggest asset manager, BlackRock, that your business is booming. That’s what Indian-origin entrepreneur Bankim Brahmbhatt allegedly managed to do.Through his companies — Broadband Telecom, Bridgevoice, and Carriox Capital — Brahmbhatt borrowed more than $500 million from private-credit lenders led by HPS Investment Partners, a firm…
NTPC Ltd has begun drilling India’s first-ever geological carbon dioxide (CO2) storage well at its Pakri Barwadih coal mine in Jharkhand, marking a significant milestone in the country’s carbon capture and storage efforts.The initiative, spearheaded by NTPC’s R&D arm– the NTPC Energy Technology Research Alliance (NETRA)– represents a crucial step in advancing India’s Carbon Capture,…