The GST Appellate Tribunal has ruled that airlines can claim refunds of Goods and Services Tax (GST) paid on cancelled flight tickets if they have returned both the fare and the tax to passengers and can substantiate the refunds with supporting documents.In the case of Singapore Airlines Ltd versus Kochi Commissioner of CGST & CE,…
MSME business confidence improves despite rising input costs India’s micro, small and medium enterprises (MSMEs) reported stronger business confidence in July-September 2026, with manufacturing emerging as the most optimistic sector even as rising input costs continued to put pressure on businesses, according to the Small Industries Development Bank of India (SIDBI).The MSME Business Confidence Index…
Industrial growth may ease to 6% India’s industrial production growth is projected to slow to 6% in September 2026 from 8% in August, as a steep drop in capital goods output and a sharper contraction in mining weigh on the overall index, according to a research report by Union Bank of India.The expected moderation comes…
FPIs continue selling (representational image) NEW DELHI: Foreign Portfolio Investors (FPIs) have withdrawn Rs 48,056 crore from Indian equities in October so far, amid high crude oil prices, escalating Middle East tensions, inflation concerns and weak corporate earnings. Despite the heavy outflows, selling eased in the week ended October 23, with FPIs turning net buyers…
NEW DELHI: Dalal Street is heading into a busy week, with company earnings, US Federal Reserve’s interest rate decision, crude oil prices and tensions in Middle East tensions keeping investors on edge. The debut of Jio Platforms on the stock exchanges on October 28 and the buying and selling activity of foreign investors will also…
France’s debt, taxes and borrowing costs rise as economic growth slows France is facing mounting pressure on two fronts: growing public anger over the cost of living and an economy struggling with high debt, taxes and weak growth. Student protests that began with school blockades have spread, turning violent, putting the spotlight on the country’s…
US Fed expected to hold interest rates steady despite persistent inflation (representative image) The US Federal Reserve is widely expected to keep interest rates unchanged at its meeting next week, despite persistent inflation and market expectations of at least one more rate hike before the end of the year, according to analysts cited by news…
Sebi chairman Tuhin Kanta Pandey NEW DELHI: Market regulator Sebi is planning measures to prevent the misuse of brokers’ trading terminals while also considering different compliance requirements for brokers based on their size, clients and use of technology.Securities and Exchange Board of India (Sebi) chairman Tuhin Kanta Pandey announced the plans on Saturday at the…
The Bsnk’s net interest income rose 21% year-on-year to Rs 6,184 crore in Q2 FY27, while core operating profit climbed 38.5% to Rs 2,527 crore. NEW DELHI: IDFC First Bank reported a 196.5 per cent year-on-year jump in profit after tax to Rs 1,045 crore in the September quarter of FY27, supported by strong growth…
On a standalone basis, the bank’s net profit rose 29 per cent to Rs 4,212 crore from Rs 3,253 crore in the year-ago quarter. NEW DELHI: Kotak Mahindra Bank on Saturday reported a 26 per cent increase in consolidated net profit to Rs 5,645 crore for the September quarter of FY27, compared with Rs 4,468…
