Category: Business

Business

PV wholesales surge in August as Maruti, Tata, M&M Drive double-digit growth

Posted on By admin
PV wholesales surge in August as Maruti, Tata, M&M Drive double-digit growth

The automotive industry in India is one of the largest in the world and one of the fastest growing globally. | Photo Credit: The Hindu India’s passenger vehicle (PV) market maintained its strong growth trajectory in August 2026, with major automakers reporting robust year-on-year (YoY) gains amid sustained domestic demand. Industry wholesales are estimated at…

Read More “PV wholesales surge in August as Maruti, Tata, M&M Drive double-digit growth” »

Business

Tax cuts for FIIs would be ‘asking govt to fund their under-performance’: Elara Capital MD & CEO

Posted on By admin
Tax cuts for FIIs would be ‘asking govt to fund their under-performance’: Elara Capital MD & CEO

Managing Director and CEO of Elara Capital Harendra Kumar. Photo: Special Arrangement Dwindling stock market returns in Indian indices, especially for Foreign Institutional Investors (FIIs) should not determine tax policy changes, said Managing Director and CEO of Elara Capital Harendra Kumar. Speaking to The Hindu on the sidelines of Elara’s annual conclave Ashwamedh, Mr. Kumar…

Read More “Tax cuts for FIIs would be ‘asking govt to fund their under-performance’: Elara Capital MD & CEO” »

Business

UPI transactions near record level of ₹29.8 lakh crore in August

Posted on By admin
UPI transactions near record level of ₹29.8 lakh crore in August

UPI transactions in terms of volume touched a record of 24.51 billion in August. Image for representation only | Photo Credit: The Hindu Transactions through the popular Unified Payments Interface (UPI) were at ₹29.8 lakh crore in August, near the record-high level, according to data released by the National Payments Corporation of India (NPCI). UPI…

Read More “UPI transactions near record level of ₹29.8 lakh crore in August” »

Business

Gross GST mop-up grows 15% to ₹2 lakh crore in August

Posted on By admin
Gross GST mop-up grows 15% to ₹2 lakh crore in August

et GST collection during the month was at ₹1.68 lakh crore, an 8.3% year-on-year growth. | Photo Credit: Getty Images/iStockphoto Gross Goods and Services Tax (GST) collections rose 14.8% year-on-year to about ₹2 lakh crore in August. Goods and Services Tax revenue from domestic transactions rose 9.3% to over ₹1.37 lakh crore, while revenue from…

Read More “Gross GST mop-up grows 15% to ₹2 lakh crore in August” »

Business

NCLT five-member Bench stays approval of Subhash Chandra’s ₹6.25-crore repayment plan

Posted on By admin
NCLT five-member Bench stays approval of Subhash Chandra’s ₹6.25-crore repayment plan

Essel Group founder Subhash Chandra. File A five-member Bench of the National Company Law Tribunal (NCLT) on Tuesday (September 1, 2026) stayed an August 25 order approving a ₹6.25-crore repayment plan proposed by Essel Group founder Subhash Chandra in personal insolvency proceedings against him, after finding that no clear majority view had emerged among the…

Read More “NCLT five-member Bench stays approval of Subhash Chandra’s ₹6.25-crore repayment plan” »

Business

Rupee rises 26 paise to 94.96 against U.S. dollar in early trade

Posted on By admin
Rupee rises 26 paise to 94.96 against U.S. dollar in early trade

Image used for representational purposes. File | Photo Credit: Reuters The rupee gained 26 paise to trade at 94.96 per U.S. dollar on Tuesday (September 1, 2026) morning, on robust domestic growth, contained fiscal slippage, and portfolio-related inflows. Forex traders said the USD/INR pair appears to have found a strong near-term base around 95.10-95.20. While…

Read More “Rupee rises 26 paise to 94.96 against U.S. dollar in early trade” »

Business

PM Modi lauds 7.8% growth ‘despite wars, instability’; revives appeal for austerity measures

Posted on By admin
PM Modi lauds 7.8% growth ‘despite wars, instability’; revives appeal for austerity measures

Prime Minister Narendra Modi speaks in a video message regarding India’s economic growth of 7.8% in the April-June quarter. | Photo Credit: Instagram/@narendramodi Prime Minister Narendra Modi congratulated the people on India’s 7.8% GDP growth in the April-June quarter, crediting the nation’s resolve and efforts for the achievement. He also requested people not to buy…

Read More “PM Modi lauds 7.8% growth ‘despite wars, instability’; revives appeal for austerity measures” »

Business

Markets drift lower in early trade amid higher oil prices, fresh U.S.-Iran tensions

Posted on By admin
Markets drift lower in early trade amid higher oil prices, fresh U.S.-Iran tensions

Among the 30 Sensex firms, Bajaj Finserv, InterGlobe Aviation, Titan, State Bank of India, Bajaj Finance and Axis Bank were among the major laggards. ITC, HCL Tech, Bharti Airtel and Infosys were among the winners. File | Photo Credit: PTI Market benchmark indices Sensex and Nifty drifted lower in early trade on Tuesday (September 1,…

Read More “Markets drift lower in early trade amid higher oil prices, fresh U.S.-Iran tensions” »

Business

Commercial LPG prices hiked by ₹10 per cylinder

Posted on By admin
Commercial LPG prices hiked by ₹10 per cylinder

The latest hike follows two recurrent tranches wherein prices had cumulatively declined by about ₹380 per cylinder across two tranches. | Photo Credit: J. Allen Egenuse Reversing course after two months of decline, prices of the commercial variant of liquified petroleum gas (LPG) cylinder were hiked by approximately ₹10 for every cylinder across the country…

Read More “Commercial LPG prices hiked by ₹10 per cylinder” »

Business

‘Wholewheat’ label on McVitie’s Marie biscuits misleading, rules CCPA

Posted on By admin
‘Wholewheat’ label on McVitie’s Marie biscuits misleading, rules CCPA

The Central Consumer Protection Authority (CCPA) has imposed a penalty of ₹1 lakh on Pladis India Pvt. Ltd., the maker of McVitie’s biscuits, for what it termed a misleading claim on its Whole Wheat Marie biscuits. The consumer protection body said the McVities Whole Wheat Marie Biscuits contained only 19.5% whole wheat flour (atta), while…

Read More “‘Wholewheat’ label on McVitie’s Marie biscuits misleading, rules CCPA” »

Business