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India's GST collections soared 15.4% to over Rs 2.11 lakh crore in July, reflecting strong economic growth. This increase is driven by higher revenues from domestic transactions and imports, alongside a steady refund process totaling Rs 29,968 crore. The robust net GST revenue after refunds highlights the ongoing expansion of India's indirect tax base.
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Indian Oil ramps up spot crude purchases to 84% amid Middle East supply disruptions. The company diversifies imports from West Africa and Latin America, achieving record first-quarter throughput and increased market share despite rising crude costs.
The Centre has extended RERA deadlines for real estate projects due to the Middle East conflict. Homebuyers may face delays as projects eligible for the four-month extension must complete by February 28, 2026. State RERAs will evaluate project eligibility and ensure compliance with the new advisory, impacting many prospective homeowners.
Kevin Klahn's journey to restore his grandfather's 1953 Allis-Chalmers tractor showcases family heritage. This vintage tractor symbolizes dedication and enduring bonds, reflecting hours of meticulous restoration work. The project preserved the machine's original character and historical significance, making it a cherished family heirloom once again.
The CBI has registered a significant FIR against Reliance Capital for an alleged ₹1,816.22 crore investment fraud linked to EPFO. This case involves former chairman Anil D. Ambani and other unidentified public servants. The investigation highlights serious concerns over corporate governance and financial misconduct in India’s investment sector.