Business

The increase in monetary limits for filing departmental tax appeals has reduced disputed tax demand by an estimated Rs 16,690 crore, Parliament was informed. The government also highlighted several reforms introduced over the past 12 years to simplify tax compliance and improve taxpayer services

Crude oil futures on the MCX dropped sharply to a nearly three-week low after renewed hopes of US-Iran negotiations eased concerns over supply disruptions from West Asia. Analysts said domestic and global crude prices will remain driven by geopolitical developments and shipping activity

Willie Walsh has taken charge as CEO of IndiGo, succeeding Pieter Elbers. The former IATA chief and aviation veteran will lead the airline's global expansion, operational improvement and strategic growth. IndiGo aims to strengthen its position as a leading international carrier

The government said FSSAI action against certain alcohol manufacturers was due to alleged use of external flavours to mimic rum and whisky characteristics and misleading age claims. Several brands faced prohibition orders after laboratory tests found regulatory violations in sampled alcoholic beverages

Indian equity markets gained nearly 1 per cent on Monday, driven by buying in banking, FMCG and metal stocks, easing crude oil prices, monsoon progress and foreign inflows. Sensex and Nifty rose as investors remained optimistic about economic growth and earnings

The RBI's three-day Monetary Policy Committee meeting began on Monday, with markets expecting the repo rate to remain unchanged at 5.25 per cent. Investors are closely watching the central bank's inflation, growth and liquidity outlook ahead of the August 5 policy announcement

Most gig workers still lack health insurance, paid leave and maternity benefits. Govt effort to ensure welfare and security for this expanding category of workforce is still a work in progress

India’s solar power capacity has skyrocketed from 3 GW in 2014 to 162.15 GW by June 2026, marking a 50-fold increase. The country added 37 GW in 2025, overtaking the US in annual additions to become the world’s second-largest solar growth market.

British brewer Lion brewery co has returned to the Indian market after more than 60 years, launching its premium beer portfolio in Delhi. The company has partnered with Copperdrop Spirits and plans to expand distribution as it targets India's rapidly growing premium beer segment

As IndiGo completes 20 years, co-founder Rahul Bhatia outlines the airline's ambitious international expansion plans, focusing on connecting the global Indian diaspora, expanding its fleet with A321 XLRs and A350s, strengthening India as an aviation hub, and maintaining cost leadership

The combined market valuation of nine of India's top-10 most-valued companies rose by Rs 2.51 lakh crore last week, led by Bajaj Finance. Strong equity markets, easing crude prices, improved investor sentiment and renewed FII buying supported the gains

Foreign institutional investor outflows declined sharply to Rs 5,780 crore in July, the lowest in 2026, signalling improving investor sentiment. Domestic institutional investors remained consistent buyers, while analysts expect positive market momentum despite monitoring crude oil prices and geopolitical developments

India's passenger vehicle market recorded robust July sales of nearly 4.7 lakh units, driven by tax relief, GST 2.0 benefits, strong SUV and EV demand, and exports. Maruti Suzuki, Hyundai, Kia, Tata Motors and Nissan posted record monthly performances

Vodafone Idea has received a notice from the Department of Telecommunications demanding Rs 26.83 crore in liquidated damages for allegedly failing to meet minimum rollout obligations linked to spectrum acquired in the 2022 auction.

Mahindra & Mahindra reported a 26 per cent year-on-year rise in overall auto sales to 1,03,860 vehicles in July 2026. Strong demand for SUVs, commercial vehicles and three-wheelers drove growth, while the company also posted healthy year-to-date sales across segments

Maruti Suzuki India reported a 34 per cent rise in total July sales to 2,41,421 units, driven by record domestic passenger vehicle sales. Strong demand across compact cars, utility vehicles and commercial vehicles helped the company achieve its highest-ever domestic sales performance

More than 5.9 crore income tax returns were filed for AY 2026-27 by the July 31 deadline. The Income Tax Department thanked taxpayers for timely compliance, while revised ITR forms and strong filing momentum reflected the expanding scale of India's tax administration

The RBI's concessional foreign exchange swap facility has attracted $40.816 billion in overseas currency inflows since June. FCNR (B) deposits account for most of the mobilisation, while SBI Research expects total inflows under the scheme to rise significantly before it closes

Nissan Motor India reported a 66.5 per cent increase in total wholesale sales to 9,339 units in July. Domestic wholesale sales more than tripled year-on-year, while exports also recorded steady growth compared with the corresponding month last year.

JSW MG Motor India reported a 22 per cent rise in wholesale dispatches to 8,158 units in July, marking its highest-ever monthly sales. The company's new energy vehicle portfolio contributed more than 80 per cent of total wholesale sales during the month.

Critical reforms in labour, land, agriculture, education, healthcare, infrastructure and the justice system are still pending

Former Chief Secretary K Ramakrishna Rao highlighted Telangana’s rapid economic growth from 2014 to 2026, noting a fourfold rise in the State budget and a jump in per capita income from 10th to 3rd position nationally.

IndiGo will take a call on its next aircraft order in 2030 after evaluating next-generation aircraft technology, Managing Director Rahul Bhatia said. The airline aims to adopt advanced, fuel-efficient planes while continuing its expansion with more than 900 aircraft already on order

Crude oil futures fell nearly 3 per cent on Friday as improved tanker movement through key West Asia shipping routes eased immediate supply concerns. However, geopolitical risks remained, with analysts citing continued uncertainty over Kazakhstan's exports and regional tensions