New Delhi, Jun 7 (PTI) GST Network on Saturday said beginning the July tax period, GST taxpayers will not be able to file monthly and annual GST returns after three years of the original filing due date. The July 2025 tax period means taxpayers will file monthly returns in August this year. In an advisory, the Goods and Services Tax Network (GSTN) said taxpayers will not be able to file GSTR-1, GSTR 3B, GSTR-4, GSTR-5, GSTR-5A, GSTR-6, GSTR 7, GSTR 8 and GSTR 9 on expiry of three years from th...Read More
Imphal, June 7 (UNI) Three militants were nabbed in separate incidents during the last 24 hours in Manipur, police said on Saturday. Manipur Police arrested a militant from Moidangpok Awang Leikai from Khumbong Bazar under Imphal West District, they said. Security forces arrested a militant from the Elangkhanpokpi Mayai Leikai area under Kakching district. Security forces apprehended a militant from Wangoo Samushang in Bishnupur district and elected members from Kumbi area. In an operation, ...Read More
Bengaluru stampede: A Shankar and ES Jairam resigned as secretary and treasurer of the Karnataka State Cricket Association (KSCA). The secretary and treasurer of the Karnataka State Cricket Association (KSCA) resigned from their posts on Thursday, taking moral responsibility for the stampede outside the Bengaluru stadium that led to the death of 11 people during RCB's IPL trophy celebrations. In a joint statement, former secretary A Shankar and treasurer E S Jairam said they had submitted thei...Read More
Nagpur (Maharashtra) [India], June 7 (ANI): Royal Challengers Bangalore (RCB) and India wicketkeeper-batter Jitesh Sharma, who is captaining NECO Master Blaster, in the ongoing Vidarbha Pro T20 League, feels that the batting unit needs to step up their game following the loss in the first match. Bharat Rangers clinched a tense 23-run win over NECO Master Blaster in the Vidarbha Pro T20 League match on Friday. Leading the side, Jitesh Sharma too was not able to make a mark, but the batter is con...Read More
Mumbai: Markets regulator Securities and Exchange Board of India (Sebi) on Friday issued a corrigendum to its 28 May order in the alleged insider trading case involving IndusInd Bank, clarifying that the words "board note" should be read as an "engagement note signed by the chief financial officer and noticee numbers one and two." "Noticee numbers one and two" are former deputy chief executive Arun Khurana and former chief executive officer (CEO) Sumant Kathpalia. Also read: RBI governor Malho...Read More
Bengaluru stampede: An FIR has been lodged at Cubbon Park Police Station holding the Royal Challengers Bengaluru franchise, the Karnataka State Cricket Association (KSCA) administrative committee, and DNA Entertainment Pvt Limited responsible for the stampede at M Chinnaswamy Stadium. The FIR was lodged by one C Venu on Friday. On Thursday, Venu recounted his experience at the event, saying that he and two others had gone to watch near gate no-6 around 3:30 pm the previous day. He explained tha...Read More
Mumbai: The Multi Commodity Exchange of India (MCX) has received approval from the Securities and Exchange Board of India (Sebi) to launch electricity derivatives, according to a regulatory filing on the BSE. These contracts -- linked to the price of electricity -- will allow power generators, distribution companies, and large consumers to hedge against price volatility and manage risks more effectively. "The electricity derivatives contracts will enhance efficiency in the power market," MCX sa...Read More
Mumbai: The Reserve Bank of India's (RBI) Monetary Policy Committee on Friday cut the repo rate by 50 basis points (bps) to 5.50%. This is the third straight rate cut, leading to a cumulative reduction of 100 bps since the easing cycle began in February. As part of the monetary policy decision to support growth, the committee also reduced the cash reserve ratio (CRR) -- the amount of funds that banks need to park with RBI -by 100 bps. However, the rate-setting panel changed the policy stance fr...Read More
Mumbai: The Reserve Bank of India (RBI) on Friday said IndusInd Bank has taken sufficient steps to address improve its accounting practices, with governor Sanjay Malhotra noting that the bank is doing well overall. The remarks signalled regulatory comfort with the lender's actions so far, pushing its shares up over 5%. The RBI's comments come nearly three months after IndusInd Bank disclosed issues in its derivatives book, which triggered a 27% crash in its shares. Since then, the bank has seen...Read More
New Delhi: India's retail inflation is expected to have eased further to 3% or below in May -- its lowest since April 2019 -- driven by higher supplies of tomatoes, onions, and potatoes, softer global gold prices, and a favourable base effect, economists said. That would mark a fourth consecutive month of sub-4% print, extending a streak of continuous easing after several months of elevated inflation because of stubborn food prices. The consumer inflation reading for May is likely to fall to 2...Read More
Mumbai: The Reserve Bank of India (RBI) will ease key provisions in its proposed gold loan framework -- raising the loan-to-value (LTV) ratio and exempting small-ticket borrowers from credit appraisals -- after feedback from non-banking financial companies (NBFCs), cooperative banks, and government departments, governor Sanjay Malhotra said on Friday. Aimed at improving access to formal credit for rural and semi-urban borrowers, the new rules will exempt gold loans up to ₹2.5 lakh from credit a...Read More
Bengaluru Stampede: Nikhil Sosale, the Marketing and Revenue Head of Royal Challengers Bengaluru (RCB), has approached the Karnataka High Court to challenge his arrest relating to the stampede at Bengaluru's Chinnaswamy Stadium, Bar and Bench reported. Sosale has argued that the manner of his arrest was unlawful, arbitrary, and infringed upon his fundamental rights. Eleven people lost their lives and 56 others were injured in the tragic stampede outside Bengaluru's Chinnaswamy Stadium on June ...Read More
Mumbai, Jun 6 (PTI) How to dismiss Cheteshwar Pujara? It was the million dollar question Rohit Sharma and his Mumbai teammates discussed the most in a huddle during their junior cricket days, as they knew the Saurashtra batter could ground them to the dust over two or three days of persistent batting. Rohit reminisced that the wicket of Pujara was often the difference between a victory or defeat for his team in age-group matches, the early signs of the doughty batter who made 7,195 runs at 43.6...Read More
Mumbai, Jun 6 (PTI) Reserve Bank on Friday decided to cut Cash Reserve Ratio (CRR) by a huge 1 per cent, which will unlock ₹2.5 lakh crore liquidity to the banking system for lending to productive sectors of the economy. With the reduction in four equal tranches ending November 29, 2025, the CRR would come down to 3 per cent. This means that the commercial banks would have to maintain a lower level of 3 per cent in liquid cash form with the RBI allowing them to have higher funds for lending. "...Read More
NEW DELHI: Come Saturday and people can whistle into Srinagar on a train as Northern Railway has notifed regular Vande Bharat Express services between Katra and the city. PM Narendra Modi will flag off the first passenger train to the Kashmir Valley on Friday from Katra.The service will be operational for six days a week with no train on Wednesday, railways said. More trains would be deployed depending on demand at a later stage, officials added. From Saturday, a pair of Vande Bharat trains will...Read More
Bengaluru stampede: Police take officials of RCB, event management firm into custody Officials of RCB and event management firm DNA entertainment private limited were taken into custody on Friday in connection with the stampede outside Chinnaswamy stadium that claimed lives of 11 people and injured over 50, police sources said on Friday. Nikhil Sosale, Head of Marketing and Revenue of RCB, Sunil Mathew and Kiran Kumar from DNA entertainment private limited are among those being questioned, the...Read More
Mumbai: While the Nagpur-Mumbai Samruddhi Expressway is now fully operational, a crucial extension of the Mumbai-Nashik Highway from four to eight lanes over a 23-km stretch between Magathane and Vadpe remains incomplete -- even after more than four years of work. The project, whose revised deadline was Feb 2025, continues to be behind schedule.The widening of this stretch was supposed to be completed before the Samruddhi Expressway was opened, in order to accommodate the anticipated surge in tr...Read More
New Delhi: A surge in sales may be around the corner for some of India's leading packaged consumer goods makers, as cheaper inputs and lower import duties craft a perfect recipe for their next stage of growth. Companies and analysts alike said that falling prices of wheat, maize, barley and oils will help expand volumes, in a change from the recent experience of pricier products driving revenue. On 31 May, the government halved the basic customs duty on crude soybean oil, crude palm oil, and c...Read More
New Delhi: OpenAI has signed a memorandum of understanding (MoU) with the government's IndiaAI Mission to launch the OpenAI Academy in India. As part of the agreement, the partnership will deliver artificial intelligence (AI) training content through both the OpenAI Academy and the IndiaAI FutureSkills portal. It also includes public sector training programmes available in English, Hindi and four regional languages. This marks the platform's first international rollout....Read More
Chhattisgarh: Senior Maoist cadre and Central Committee Member (CCM) Gautam, also known as Sudhakar, was neutralised during an exchange of fire between security forces and Maoists in the National Park area of Bijapur District, Chhattisgarh. The encounter took place amid ongoing operations aimed at curbing insurgent activities in the region. According to IG Bastar P Sundarraj, the security forces recovered one AK-47 rifle along with a substantial quantity of explosive materials, arms, and ammuni...Read More
NEW DELHI : Shreyas Iyer's off-field value is rising in tandem with his on-field success. Punjab Kings' second appearance in the Indian Premier League (IPL) final after an eleven-year wait will likely boost Iyer's brand value by 20-25%, according to talent consultants. With his unbeaten 87-run captain's knock in the qualifier 2 against Mumbai Indians on 1 June, Iyer achieved the rare feat of leading three different IPL teams into the final -- a first in the history of the world's second-riches...Read More
India anticipates an above-normal monsoon in 2025. The IMD confirmed an early monsoon arrival, crucial for agriculture and economic growth, with significant benefits for sectors like agrochemicals, auto, and FMCG. India is expected to witness an 'above-normal' monsoon in 2025, which could provide significant relief to the economy and policymakers. A healthy and well-distributed monsoon can help ease inflationary pressures and boost rural consumption. The India Meteorological Department (IMD) d...Read More
Mumbai: Leela Palaces, Hotels and Resorts' ₹3,500 crore initial public offering (IPO)--the largest ever in Indian hospitality--is testing investor appetite for luxury tourism stocks amid a tepid primary market. The listing will expand the roster of publicly traded luxury hotel chains beyond Indian Hotels Company, which runs the Taj brand, and EIH Ltd, the parent of Oberoi Hotels. The offer includes a fresh issue of shares worth ₹2,500 crore and a ₹1,000 crore offer for sale by its New York-base...Read More
New Delhi: The Employees' Provident Fund Organisation (EPFO), which manages retirement savings for salaried employees, reported a net addition of 1.46 million subscribers in March, with just over half being first-time enrollees, according to an official statement on Wednesday. EPFO recorded 754,000 new member enrollments in March. Provisional data showed that net subscriber additions increased by 1.15% compared to March 2024, reflecting stronger employment opportunities and growing awareness of...Read More
MUMBAI : The Securities and Exchange Board of India (Sebi) has impounded an amount of ₹53.6 crore as illegal investment advisory fees under the garb of providing educational courses from Asmita Patel Global School Of Trading and other entities connected with financial influencer Asmita Patel, who is known as "options queen" and "she-wolf" of Indian stock markets. The Thursday order was issued against Asmita Patel Global School of Trading as noticee No. 1, its director Asmita Patel as noticee No...Read More
Delhi Exit Polls 2025: Several exit polls predicted a hat-trick for the Congress -- a hat-trick in winning zero seats in the Delhi Assembly. However, a few Delhi exit polls predicted that the grand-old party could win a meagre one or two seats in the 70-member assembly. The Congress won no seat in the last two Delhi Elections -- in 2015 and 2020. The party, which ruled Delhi for 15 years -- between 1998 and 2013 -- lost power in the national capital when Arvind Kejriwal's AAP took over the rein...Read More
New Delhi, Jan 21 (PTI) Shares of food tech unicorn Zomato plummeted 12 per cent in the morning trade on Tuesday after the food delivery aggregator reported a 57.2 per cent drop in consolidated net profit for the December quarter to ₹59 crore. The scrip of the company fell 11.81 per cent to ₹212.50 apiece on the BSE. On the NSE, shares of Gurugram-headquartered Zomato depreciated by 9.99 per cent to hit its lower circuit level of ₹215.80 per piece. On Monday, shares of Zomato settled more tha...Read More
Mumbai, Jan 10 (PTI) Domestic carrier SpiceJet on Friday announced plans to bring back into operations 10 of its grounded aircraft, including four Boeing B737 Max, by mid-April. The airline said it has added 10 planes to its fleet since October 2024 -- three grounded aircraft that were brought back into service and seven inducted on lease. The move comes close on the heels of SpiceJet signing a pact with US-based engine MRO StandardAero Inc last month for the restoration of its grounded MAX fl...Read More
BENGALURU (Reuters) - India's CESC, a power generation and distribution company, reported a fall in third-quarter profit on Friday, due to higher tax expenses and lower regulatory income. The company's consolidated profit fell 5.7% year-on-year to 2.65 billion rupees ($30.8 million) for the three months ended Dec. 31. Total tax expenses rose 27% to 800 million rupees. Regulatory income, which includes adjustments related to fuel cost, purchase of power and other fixed costs, fell to 3 billion...Read More
MUMBAI, Jan 10 (Reuters) - India's rice stocks hit a record high at the start of January, reaching eight times the government's target, while wheat stocks continued to deplete as traders urged the government to increase wheat sales amid market shortages. Higher rice stocks would enable the world's biggest exporter of the staple to accelerate exports. However, dwindling wheat stocks will likely deter the government from releasing more stock to bulk consumers. Rice reserves in state granaries, i...Read More