Category: Business

Business

Net direct tax collection rises 13% to over ₹12.12 lakh crore till September 17

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Net direct tax collection rises 13% to over ₹12.12 lakh crore till September 17

Photo used for representative purpose only. File | Photo Credit: Reuters The government’s net direct tax collection rose 13% to over ₹12.12 lakh crore till September 17 of the current fiscal on higher advance tax mop-up, according to the latest data released on Friday (September 18, 2026). Corporate tax mop-up grew 19.48% to about ₹5.56…

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Business

Venezuela, Iran, Russia — India has historically complied with Trump on cutting oil imports

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Venezuela, Iran, Russia — India has historically complied with Trump on cutting oil imports

Over the last decade or so, India has complied with U.S. pressure to reduce oil imports from countries it has sought to isolate, such as Venezuela, Iran, and Russia, even though they were important sources for India. Once the U.S. pressure has eased, official data show that India has almost immediately turned back to these…

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Business

Markets end on mixed note; Nifty up 76 points, Sensex dips

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Markets end on mixed note; Nifty up 76 points, Sensex dips

Benchmark equity indices Sensex and Nifty ended mixed on Friday (September 18, 2026), as a drop in crude oil prices was overshadowed by weakness in IT stocks and Tata Group counters. Giving up intraday gains during the Closing Auction Session (CAS), the 30-share BSE Sensex dipped 19.63 points, or 0.03%, to settle at 74,294.96. During…

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Business

Why are the Tata Sons Board, and majority-owner Tata Trusts in conflict? | Explained

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Why are the Tata Sons Board, and majority-owner Tata Trusts in conflict? | Explained

The story so far: At a board meeting of Tata Sons on Thursday (September 17, 2026) the Board, following a decision by the Nomination & Remineralisation Committee (NRC), requested Executive Chairman N. Chandrasekaran to reconsider his decision of not seeking re-appointment, and instead asked him to continue for a period of five years. Mr. Chandrasekaran…

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Business

Dr. Reddy’s, Takeda Pharma ink pact to distribute India’s first dengue vaccine QDENGA

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Dr. Reddy’s, Takeda Pharma ink pact to distribute India’s first dengue vaccine QDENGA

While Dr. Reddy’s will exclusively manage private-market distribution, disease awareness, and healthcare professional engagement, Takeda will retain rights for the public market, legal ownership, and overall medical and brand oversight. File | Photo Credit: Reuters Dr. Reddy’s Laboratories on Friday (September 18, 2026) entered into an exclusive distribution agreement with Takeda Pharmaceutical Company to promote…

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Business

FSSAI initiates legal action against Nestle India over infant nutrition products

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FSSAI initiates legal action against Nestle India over infant nutrition products

The food safety authority examined Nestle’s NAN Excella Pro Stage 1, Lactogen Pro 1, and a follow-up formula along with their promotional material available on e-commerce platforms | Photo Credit: Reuters The Food Safety and Standards Authority of India (FSSAI) on Friday said it has initiated legal action against Nestle India Ltd for alleged non-compliance…

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Business

Kearney study recommends measures to improve Tamil Nadu’s fiscal capacity

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Kearney study recommends measures to improve Tamil Nadu’s fiscal capacity

Image used for representation | Photo Credit: Getty Images With a revenue deficit of ₹78,324 crore, an outstanding debt exceeding ₹10 lakh crore, and the own-tax-to-GSDP ratio at 5.45%, Tamil Nadu’s core challenge is not that it borrows too much; it is that it collects and spends less efficiently than comparable large States, says a…

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Business

Apple Pay eyes India rollout with Axis Bank, sources say

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Apple Pay eyes India rollout with Axis Bank, sources say

Apple is poised to launch Apple Pay in India ​next month with Axis Bank’s credit cards, three sources familiar ‌with the matter said, as it works to ​expand support among the country’s lenders. The launch, ⁠starting with a single major banking partner, would help the U.S. company offer its payment service in India, one of…

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Business

Shapoorji Pallonji Group backs Tata Sons listing; Tata Group stocks fall

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Shapoorji Pallonji Group backs Tata Sons listing; Tata Group stocks fall

Shares of most Tata Group ​stocks fell on Friday, reversing ​some of the gains made on Thursday. Image for representation | Photo Credit: Reuters Shapoorji Pallonji ​Group, the second-largest ‌shareholder in ​Tata ⁠Sons, on Friday (September 18, 2026) backed a potential ‌listing of the ‌holding ‌company ⁠of the sprawling Tata conglomerate, signalling support ​for ‌a…

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