Gross GST collections rose 14.7 per cent to Rs 2.04 trillion, while net revenue growth accelerated to around 14 per cent in the July-September quarter Aided by a surge in tax revenue from imports, Goods and Services Tax (GST) receipts of central and state governments, after accounting for refunds, rose 18.1 per cent annually to Rs 1.77 trillion in September, marking its fastest growth in six months, according to provisional data released by the f…

As Lilly expands its India business in areas including obesity and cardiometabolic health, Ricks says the country can play a bigger role in discovering, developing and scaling medicines for global markets. As American pharma giant Eli Lilly expands its India footprint, including in obesity and cardiometabolic disease, CEO Dave Ricks said India can play a bigger role in the global development of medicines, moving beyond its traditional strength in…

  The investment blueprint spans sectors including energy, aviation and aero-districts, urban regeneration, data centres and coal gasification, Adani said at the launch of Invest Maharashtra in Mumbai on Friday. Describing Maharashtra as India’s “launchpad” for economic growth, Pranav Adani, Director of Adani Enterprises, said projects worth ₹2.6 lakh crore — more than 43% of the Adani Group’s over ₹6 lakh c…

·       Chandrababu Naidu pitches Araku Coffee as a global brand https://bit.ly/3VlWhlP ·       Govt to launch capital subsidy scheme for textiles soon: Giriraj Singh https://bit.ly/4z5nnMp ·       Ethanol blending does not damage vehicles, diversifies agri sector: Gadkari https://bit.ly/46XRbid ·     &nbs…

The issue comprises a fresh issue of up to Rs 550 crore and a Rs 450 crore OFS, with proceeds earmarked for AI, talent expansion and acquisitions Mumbai-based property consultant Anarock Property Consultants has filed a draft red herring prospectus (DRHP) for a Rs 1,000 crore initial public offering (IPO)..... More https://bit.ly/4xV303I Via business-standard.com

S&P Global’s Geeta Chugh feels UPI will remain the key payments infra, but the key strength of the central bank digital currency (CBDC) is its programmability, and she sees its importance in areas like targeted lending and subsidy payments   It was back in 2022 that a pilot project was launched for central bank digital currency (CBDC) as a part of Reserve Bank of India’s plans to push digital sovereign currency. In the l…

  While the US turns protectionist, India is rising to the occasion as a vital force in global energy supply The global energy architecture is undergoing a structural realignment, but whether it represents a permanent role reversal between traditional powers remains a subject of intense geo-political debate.....

·       Modi, Donald Trump speak over phone; review trade, defence and energy ties https://bit.ly/3VZwboQ ·       India ready to facilitate US firms' investments, says Piyush Goyal https://bit.ly/4AITTWg ·       India eyes rebalanced ASEAN trade pact in ongoing review https://bit.ly/4hyNfcn ·       Vi…

L&T wins two Dubai RTA contracts for the Latifa Bint Hamdan Corridor, set to boost connectivity by 2028. Larsen & Toubro (L&T) has secured two contracts from Dubai’s Roads and Transport Authority (RTA) for the development of the Latifa Bint Hamdan Corridor. Larsen & Toubro, in its regulatory filing, said that its Transportation Infrastructure business has formally executed the contracts, which include one ‘large&rsquo…

India's IPO market raised a record $9 billion in Q3 2026, taking fundraising past $13 billion. Over 200 companies are in the IPO pipeline. India’s initial public offering (IPO) market is heading towards a third straight blockbuster year, with a heavy pipeline set to build on strong momentum in the July-September quarter. Bloomberg data show listing proceeds crossed $9 billion (Rs 86,500 crore) in the quarter, the highest ever for the period…

  Customers can make payments across merchants using their iPhone, Apple Watch and iPad, with support for Mac coming soon Apple users in India will soon be able to make in-app purchases, online payments and store transactions using Apple Pay as the company rolls out the service over the next few weeks.....

·       US exempts India, 19 other nations from 100% tariff on speciality drugs https://bit.ly/4yn49Ch ·       India, Qatar step up talks on investment treaty and free trade agreement https://bit.ly/4hRU8Hc ·       India, EFTA to review trade pact a year on, eye new opportunities https://bit.ly/3TscmG3 ·    &nb…

India’s private defence companies receive Rs 34,700 crore in FY27, with record defence production and exports. Government spending and indigenisation boost manufacturing and global opportunities.   India’s private defence companies have about Rs 34,700 crore earmarked for them in FY27, according to a report by Emkay Global Financial Services. That is roughly 25% of the domestic capital acquisition budget..... More https://bi…

The two countries are looking to deepen cooperation in ports, shipping, energy, space and logistics, with the UAE targeting $100 billion in investments in India The United Arab Emirates (UAE) has given an intent to invest another $25 billion in India in the near future, while the two countries are set to deepen cooperation in shipping, ports, and energy, according to Union Minister of Commerce and Industry Piyush Goyal..... More https://bit.…

  The investment will connect Mesabi Metallics’ iron ore mine and pelletising facility in Minnesota with the proposed Iowa steel complex; nearly $3 billion has already been invested in the Minnesota operation Essar-backed Mesabi Metallics on Tuesday announced an $18 billion (approximately ₹1.73 lakh crore) investment to build a fully integrated steel business in the US, including a $15 billion steel complex in Iowa that the company d…

·       Nirmala Sitharaman, Jordan minister discuss cooperation in trade, fertilisers https://bit.ly/4z4QFLj ·       UAE plans another $25 billion investment in India, trade target set at $200 billion https://bit.ly/4yWKDfA ·       India's merchandise exports rise 15% this fiscal till Sep 21: Goyal https://bit.ly/4juU5Cl · &n…

India's Rs 70,000-crore bet to break into the world's shipbuilding elite club will need all hands on deck. But they have a few things going for them. India’s shipping has a chequered past. The country is home to the world’s oldest known dockyard — likely built during the Indus Valley civilisation era — in Lothal in the Bhal region of Gujarat. The memory of its glorious maritime past lives on in festivals such as Boita Band…

·       US trade deal could shield India from 100% tariff under Russian sanctions law: Sources https://bit.ly/4xK7IB9 ·       Vietnam pushes trade as partner country at India's UPITS Show https://bit.ly/4hs64hn ·       Investors choose UP because of its large consumer market and infrastructure to match it, says CM Yogi Adityanath https:/…

The CCPA noted that the marketplaces had not carried out adequate independent verification of the product's regulatory status before allowing the listings to go live The Central Consumer Protection Authority (CCPA) has imposed penalties of ₹10 lakh each on Amazon and Flipkart, and ₹5 lakh on JioMart, for selling and advertising an unregistered agro-chemical product called 'Cyclosinone Herbicide' on their platforms...... More https://bit.…

Renforcement surge runs parallel to key administrative policy changes enacted by the White House. A presidential executive order now mandates that federal agencies assess whether employers seeking foreign petitions have recently carried out layoffs affecting similarly situated American personnel. Dozens of federal subpoenas, executed search warrants, and suspended corporate visa processing are laying the groundwork for a structural overhaul of …

  The start-up ecosystem, which has scaled sharply since 2015, offers evidence of the momentum needed to push growth higher, she said Finance Minister Nirmala Sitharaman on Saturday said India should target GDP growth of over 10 per cent, asserting that the milestone is within reach if the country sustains its current pace of reform and startup-led innovation. She was speaking at a fireside chat at an IIT Madras event in Bengaluru.....

Having mastered contract manufacturing, Dixon, Kaynes, Syrma and their peers are betting billions on the harder, higher-value game   Much like his father before him, Sunil Vachani started out making television sets. Three decades ago, his operations were modest but Vachani soon decided he wanted to more. With Dixon Technologies he forayed into contract manufacturing assembling smart phones, washing machines and television sets for Motorola, …

  Goyal expected to echo MEA’s ‘no compromise on national interest’ stance during US visit next week, say experts Commerce Minister Piyush Goyal’s bilateral discussions with US officials on the sidelines of the G20 Trade Ministers’ meeting in Milwaukee next week, are expected to centre around the Lindsey Graham legislation targeting buyers of Russian energy, particularly in light of the exemption granted to Beij…

Emirates has reinforced its leadership in Thailand’s aviation sector after its acclaimed Premium Economy product won the Travel & Leisure (Aviation) category at the Product of the Year Awards 2026. Organised by Business+ Magazine in collaboration with the College of Management, Mahidol University, this year’s awards ceremony was held under the theme “The Next Generation Mainstream.” Introduced on flights to Bangkok in …

Akasa Air is in talks to order more than 200 Boeing 737 MAX jets, with a decision expected early next year, as the budget carrier plans to expand its fleet beyond 2032 India's third-largest airline, Akasa Air, is in talks to ​order more than 200 Boeing ​737 MAX jets, Bloomberg News reported ‌on Thursday, citing people familiar with the matter...... More https://bit.ly/4yXsgY6 Via business-standard.com

New framework likely to retain provisions on taxation and exhaustion of local remedies; negotiations underway with four to five countries The Union Cabinet is expected to clear a revamped model Bilateral Investment Treaty for India soon, with the framework likely to continue including provisions on taxation rights and recourse to domestic legal remedies..... More https://bit.ly/4d4byO8 Via businesstoday.in

  Subject to government approvals the flights to Delhi will be operated thrice weekly, while those to Mumbai will operate four times a week. Philippine Airlines (PAL) will resume Manila - Delhi flights and launch its first ever service to Mumbai in December, the airline announced on Friday. Subject to government approvals the flights to Delhi will be operated thrice weekly, while those to Mumbai will operate four times a week.....

·       JSW One plans over ₹3,000-crore IPO, files papers https://bit.ly/3T7Sjwt ·       Sanofi Healthcare India buys 15.19% stake in Sanofi India for ₹1,068 crore https://bit.ly/4yeucv8 ·       West Bengal considers allowing changes to projects on allotted land: Chief Secretary https://bit.ly/4iIYf9u ·    …

West Bengal Industry Minister Tapas Roy said the 33 projects represent a combined proposed investment of around Rs 60,000 crore and could create nearly 62,000 jobs.   The West Bengal government has handed over around 580 acres of land for around 33 industrial projects involving an estimated investment of Rs 60,000 crore. The projects are expected to create nearly 62,000 jobs and will cover sectors such as semiconductors, defence and ammuniti…

India’s digital payments ecosystem is expanding at a scale that is increasingly attracting global attention, with UPI emerging as one of the world’s largest instant-payment systems. The growth also highlights a broader shift in the global payments industry, as countries increasingly build real-time rails and businesses look beyond traditional payment networks. India’s Unified Payments Interface (UPI) processed 23.2 billion trans…

  Adani Group investments in West Bengal will be in ports, logistics, power, roads and data centre, the industrialist added. Adani Group Chairman Gautam Adani on Thursday announced that the conglomerate would invest more than Rs 1 lakh crore in West Bengal by 2035....

·       Modi’s likely visit to Canada in December adds urgency to free trade talks https://bit.ly/4xFwy5a ·       How India can counter the Graham Act https://bit.ly/4xLWj3H ·       With India-EU FTA, opportune moment to take partnership further: Catalonia’s Minister https://bit.ly/4yc6hfT ·    &nbs…

·       India-Chile FTA talks enter final stage; pact targeted by year-end https://bit.ly/4yPTlfB ·       India stands out with strongest growth outlook globally: WEF survey https://bit.ly/4y7LN7U ·       PhonePe gets UAE nod as UPI monetisation kicks in https://bit.ly/4y2go6W ·       Airtel to offer …

The deal is the largest single residential unit transaction in the country. The residence comprises an entire G+7 storey tower with a RERA carpet area of 63,000 sq. ft. Dinesh Thakkar, founder, chairman and managing director of Angel One, has agreed to buy an entire residential tower at Embassy Developments’ ultra-luxury project Embassy Terazza in Mumbai’s Juhu for approximately ₹711 crore.... More https://bit.ly/3V53d6I Via bu…

According to the ED, evidence gathered during the investigation showed that Pitti, 40, was a close associate of Dubai-based betting platform Skyexchange owner Hari Shankar Tibrewal. The Enforcement Directorate has named EaseMyTrip co-founder Nishant Pitti in its latest chargesheet related to the Mahadev online betting app money laundering case. The agency alleged that Pitti facilitated the entry of betting proceeds into the Indian equity market u…

  The agreement assumes significance amid heightened geopolitical uncertainty and US President Donald Trump’s increasingly unpredictable tariff policy The India-New Zealand FTA will be implemented on October 20, paving the way for duty-free exports of 100 per cent of Indian goods, including labour-intensive items such as textiles, carpets, chemicals, gems and jewellery, pharmaceuticals, auto and auto components and machinery. This move…

·       India, Canada to hold next round of talks from Oct 5 for proposed trade pact: Goyal https://bit.ly/4yNXPDt ·       Vice-President asks tea industry to build Indian brands for global markets https://bit.ly/46BGJwB ·       US coffee chain Starbucks plans global tech centre in India https://bit.ly/4xx9qWr ·   &…

The actual impact of the Lindsey O Graham Sanctioning Russia Act of 2026 will depend on the tariff rate, product coverage and timing of any duties, industry representatives and experts said Indian exporters are facing a new source of uncertainty after US President Donald Trump signed on Friday a legislation meant to impose tariffs of up to 100 per cent on imports from Russia’s trade partners, including India, but they are betting on new m…

The shift coincides with efforts by New Delhi and Beijing to mend diplomatic ties after reaching multi-decade lows, alongside shifting US tariff strategies that offer both Asian powers reason to deepen commercial ties.  Driven by an unprecedented global expansion in artificial intelligence and data-center infrastructure, India is unexpectedly shipping more manufactured electronics to China. Indian exports to its northern neighbor jumped almo…

  Retail demand remains robust even as experts caution against excessive exuberance and rich valuations The pipeline of initial public offerings is expected to remain robust in the coming months with 72 corporates waiting for SEBI approval to raise about ₹1.70 lakh crore as of August-end, according to the data sourced from primedatabase.com.....

·       India's exports to core BRICS markets surge 34% in April-August; China leads https://bit.ly/3Vl6I95 ·       For India, border peace with China comes before deeper economic ties: Sources https://bit.ly/4y5Z6WD ·       India and Nepal explore strategic bilateral ties, global role at RIS seminar https://bit.ly/4xEMzbM · …

L’Oréal adds Indian startups Without and Nexus to its second L’AcceleratOR sustainability cohort.   L’Oréal has named its second cohort of 13 companies from eight countries for its flagship sustainable innovation programme, L’AcceleratOR, including two startups from India. Backed by a €100 million fund, the programme identifies, pilots and scales technologies addressing climate, nature and circulari…

L&T Semiconductor unveils 40 India-focused chip products, including SiC power and secure identity platforms, to boost digital sovereignty—read more.       L&T Semiconductor Technologies (LTSCT), a wholly owned subsidiary of Larsen & Toubro (L&T), has unveiled 40 semiconductor products at SEMICON India 2026. Its technologies span secure identity, intelligent surveillance, IP cameras and communication solutions …

  The new line has been established at Mother Dairy’s existing milk processing facility in Junagadh and will supply butter chiplets to markets across the country Mother Dairy has set up its first dedicated butter chiplet manufacturing line in Junagadh, Gujarat, with an annual production capacity of 550 tonnes, as the dairy major looks to expand its presence in the butter segment.....

Structured as MoUs, the deals bring together global tech leaders, Indian research bodies and ecosystem partners to address critical gaps across India’s semiconductor value chain, in line with the government’s “Semicon 2.0” push.   India’s semiconductor push is expanding beyond chip factories to the materials, equipment, suppliers and skilled workers needed to support them. Tata Electronics is building this netwo…

New Delhi and Dhaka are discussing dates for Bangladesh Prime Minister Tariq Rahman's visit to India later this year as they strive to repair ties External Affairs Minister S Jaishankar concluded a two-day visit to Bhutan on Thursday that focused on strengthening connectivity and energy cooperation between the two neighbours, while Rajnath Singh visited Sri Lanka from September 8-10, the first visit by an Indian Defence Minister to the island nat…

  The regulator found Nestle had violated regulations on infant food advertising and identified one product sample that did not meet the prescribed Biotin requirement. The Food Safety and Standards Authority of India (FSSAI) has initiated legal action against Nestle India over alleged non-compliance of food safety regulations involving three of its infant nutrition products. The food safety regulator on Friday confirmed filing three separate…

The Union Cabinet approved PM-SSY with an outlay of Rs 5,070 crore, to be implemented from 2027 to 2031, with financial support continuing until 2033. India’s solar power sector has expanded nearly 60-fold in just over a decade, with installed capacity rising from 2.8 GW in 2014 to 168 GW as of August 31, 2026, according to data from the Ministry of New and Renewable Energy (MNRE)..... More https://bit.ly/4h175yd Via financialexpress.c…