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PNN Mumbai (Maharashtra) [India], April 1: Cupid Limited (BSE: 530843 | NSE: CUPID), a premier manufacturer and brand of premium male and female condoms, water based personal lubricants, IVD kits, deodorants, perfumes, almond hair oil, face wash, petroleum jelly and other FMCG Products, announced its strongest quarterly performance in the Company's history, driven by robust growth across key business segments. Cupid Limited is set to comfortably surpass its FY26 annual guidance of ₹335 Cr in r ...Read More >
Comptroller and Auditor General (CAG) report, tabled by chief minister Sukhvinder Singh Sukhu for the financial year 2024-25 pointed out that state's total debt and liabilities crossed the ₹1 lakh crore mark for the first time. Emphasising on the urgent need for stronger monitoring systems, timely compliance, and reforms to ensure financial discipline and effective governance in the state, the report reveals that the overall liabilities of the state stood at ₹1,04,410 crore as on March 31, 2 ...Read More >
New Delhi [India], April 1 (ANI): ITC Limited has formally announced that Sproutlife Foods Private Limited, the manufacturer of the health-focused brand Yoga Bar, has become its subsidiary effective April 1, 2026. The Kolkata-headquartered conglomerate confirmed this in a regulatory filing, marking a significant milestone in its multi-year acquisition strategy for the nutrition-led food brand. According to the filing, ITC "with effect from today i.e., 1st April, 2026 has acquired the right to n ...Read More >
New Delhi : ServiceNow, (NYSE: NOW), the AI control tower for business reinvention, has announced the appointment of Kulmeet Bawa as Managing Director (MD) and Group Vice President (GVP), ServiceNow India and SAARC. This strategic appointment reinforces ServiceNow's commitment to one of the world's fastest-growing markets and a vital driver of digital transformation. Kulmeet brings a distinguished career spanning over two decades in enterprise technology and SaaS businesses across the region an ...Read More >
Lucknow: He was shot seven times in 2009 for exposing a multi-crore scam in Uttar Pradesh's social welfare department. In 2022, he went on to become an IAS officer and made the headlines three years later by doing sit-ups before a group of agitating lawyers. Meet 43-year-old Rinku Singh Rahi, who has now resigned from the service after alleging that he was sidelined. He was serving as the Sub-Divisional Magistrate (SDM) in Shahjahanpur in 2025, when he went on an inspection of the tehsil premi ...Read More >
Bhubaneswar, Mar 31 (PTI) Amid a walkout by the opposition MLAs, the Odisha Assembly on Tuesday passed an appropriation Bill, allowing the state government to spend Rs 3.10 lakh crore from its consolidated fund during the financial year 2026-27. Speaking in favour of the Bill, Chief Minister Mohan Charan Majhi, who also holds the Finance portfolio, said the budget estimation for 2026-27 is Rs 3.10 lakh crore, which is 7 per cent more than the budget estimates made for the financial year 2025-26 ...Read More >
New Delhi [India], April 1 (ANI): India's auto components industry is poised for structural growth as global supply chains realign, with process-led manufacturers expected to emerge as key beneficiaries, according to a report by Avendus. The report highlighted that the global automotive sector is undergoing a "structural reset," driven by electrification, cost pressures, and geopolitical shifts, which is prompting original equipment manufacturers (OEMs) to rethink sourcing strategies. "Cost opt ...Read More >
Bhubaneswar: The Comptroller and Auditor General (CAG) has criticised the Odisha government for serious lapses in revenue realisation and financial management, leading to non-remittance of over Rs 5,000 crore. According to its latest State Finances Audit Report for 2024-25, which was tabled in the Odisha Legislative Assembly, 27 profit-making State PSUs failed to remit dividends totalling Rs 5,146.76 crore, in clear violation of the state's dividend policy. The Finance Department did not even r ...Read More >
Mumbai: The state government has decided to leave ready reckoner rates unchanged for the 2026-27 financial year on account of a slow down in the real estate sector, drop in revenue collection from stamp duty and registration, and the ongoing war in west Asia which has disrupted fuel and gas supplies. Revenue minister Chadrashekhar Bawankule said various industry associations had also urged the government to maintain status quo on RR rates or minimum rates for property transactions in various ar ...Read More >
Mumbai: In a significant relief to the real estate sector, the Maharashtra government has decided to keep Ready Reckoner (RR) rates unchanged for the financial year 2026-27. The rates, effective from April 1, 2026, will remain at the same level as 2025-26, the Office of the Inspector General of Registration and Controller of Stamps announced. Decision Taken Amid Speculation of Hike The decision was taken by Revenue Minister Chandrashekhar Bawankule following directions from Chief Minister Deve ...Read More >
Panvel, March 31: The Panvel Municipal Corporation has recorded its highest-ever property tax collection of Rs 691 crore in the financial year 2025-26, officials said on Tuesday, crediting a mix of rebates, enforcement drives, and sustained outreach to taxpayers. Structured recovery plan drives collections Officials informed that the milestone was achieved through a year-long, structured recovery plan that included penalty waivers, field visits, and strict action against defaulters. Rebates a ...Read More >
Bhubaneswar: Odisha's economy grew at a moderate rate of 11.40 per cent in 2024-25 compared to previous year, with Gross State Domestic Product (GSDP) rising to ₹8.90 lakh crore from ₹5.40 lakh crore in 2020-21, reflecting a compound annual growth rate of 13.30 per cent, according to the Comptroller and Auditor General's (CAG) State Finances Audit Report (Report No. 3 of 2026). Despite the steady economic expansion, the report cautioned that structural weaknesses in revenue mobilisation, expend ...Read More >
New Delhi, Mar 31 (PTI) With sharp rise in fuel costs as well as tight capacity and thin margins for airlines, airfares are already rising in the wake of the Middle East war, global airlines' grouping IATA said on Tuesday. The International Air Transport Association (IATA) represents around 350 airlines, including Air India, Air India Express, IndiGo, and SpiceJet. On Tuesday, the grouping released the data for global passenger demand in February 2026 and said total demand in terms of Revenue ...Read More >
HYDERABAD: Alleging land grab, a Hyderabad family on Monday accused Revenue Minister Ponguleti Srinivas Reddy and his son Harsha Reddy of threats and intimidation. Speaking to mediapersons, Satish Shah said his family had lived on the land from 1969 to 2025 without dispute. He alleged that Harsha Reddy first sought two to three acres and later demanded the entire land, and that a survey and panchanama were conducted without their knowledge, later suspended by the High Court. He further alleged ...Read More >
Addressing a press conference, Cheema said 882 establishments in urban centres like Mohali, Jalandhar, and Ludhiana are being investigated, with ₹2.02 crore recovered so far. The minister said that these outlets were identified through a state-wide data-driven enforcement exercise. "With the inclusion of data for the financial years 2023-24 and 2024-25, the total magnitude of evasion is likely to reach approximately ₹500 crore," he said. In the preliminary inquiry, 239 cases have been exami ...Read More >
Chandigarh: Punjab finance minister Harpal Singh Cheema on Monday claimed to have revealed a Rs 200-crore turnover evasion racket in Punjab's hospitality sector, claiming that it exposed "deep-rooted and systemic" under-reporting across dhabas, eateries, restaurants, and fast-food outlets.Addressing a press conference, Cheema said, "Dhabas account for approximately Rs 10 crore of the suppression, followed by small eateries, coffee, and chai bars at Rs 8 crore, and pizza and fast-food outlets exc ...Read More >
Panvel, March 30: The Panvel Municipal Corporation on Monday presented an estimated budget of Rs 4,853 crore for the financial year 2026-27, with a strong focus on infrastructure development and essential civic services. Budget presentation and priorities Municipal Commissioner Mangesh Chitale tabled the budget before Standing Committee Chairman Baban Mukadam during a special meeting. The budget outlines a balanced approach to urban growth, prioritising water supply, healthcare, sanitation, ed ...Read More >
HYDERABAD A delegation of Bharat Rashtra Samithi (BRS) comprising MLAs, MLCs and other leaders called on Governor Shiv Pratap Shukla here on Monday and submitted a formal complaint seeking an inquiry into the alleged illegal mining and land grabbing of Minister for Revenue and Housing Ponguleti Srinivasa Reddy. The delegation led by party working president K.T. Rama Rao, Deputy Floor Leaders of the party in the Assembly T. Harish Rao, P. Sabitha Indra Reddy and T. Srinivas Yadav explained to t ...Read More >
CHANDIGARH: A turnover evasion racket worth Rs 200 crore has been unearthed among dhabas, eateries, restaurants, and fast-food outlets in Punjab. Authorities estimate that the evasion could rise to nearly Rs 500 crore, as hundreds of establishments have reportedly used specific features of billing software such as PetPooja, along with other applications, to suppress sales records by deleting cash bills and thereby evade Goods and Services Tax (GST). Addressing a press conference, Punjab Excise ...Read More >
Chandigarh, Mar 30 (UNI) Punjab Finance, Planning, Excise, and Taxation Minister Advocate Harpal Singh Cheema on Monday said a massive tax evasion racket has been unearthed within the state's hospitality sector, totalling approximately Rs 200 crore. Addressing a press conference at Punjab Bhawan, the Minister revealed a deep-rooted and systemic trend of under-reporting income among dhabas, restaurants, fast-food outlets, and small eateries. Under the leadership of Chief Minister Bhagwant Singh ...Read More >
New Delhi: The Central government's fiscal deficit touched 80.4 per cent of the budgeted target by the end of the first 11 months from April to February of the financial year 2025-2026, reflecting a strong fiscal position, according to figures released by the Comptroller General of Accounts on Monday. The gap between the government's expenditure and revenue stood at Rs 12.53 lakh crore from April to February, against the full-year target of Rs 15.58 lakh crore. In the same period of the previou ...Read More >
Chandigarh, Mar 30 (PTI) Punjab Finance Minister Harpal Singh Cheema on Monday said the state government has detected tax evasion worth about Rs 200 crore in the state's hospitality sector, with the total amount likely to rise to nearly Rs 500 crore as the investigation is expanded. Addressing a press conference here, Cheema said a total of 882 establishments, including dhabas, restaurants, eateries, bakeries, sweet shops, and catering services, have been brought under the scanner as part of a ...Read More >
An Odisha revenue inspector has been arrested for demanding a bribe to facilitate land conversion, highlighting ongoing efforts to combat corruption in land administration. Key PointsOdisha Vigilance officers arrested a revenue inspector for accepting a bribe related to land conversion.The revenue inspector demanded Rs 13,000 for a favourable report on land conversion.The bribe money was recovered from the revenue inspector.A case has been registered under the Prevention of Corruption (Amendmen ...Read More >
Mumbai, Mar 11 (PTI) Congress Legislature party leader Vijay Waddetiwar on Wednesday alleged irregularities in the allotment of MIDC land in Ahilyanagar to private companies, claiming that around 4,000 acres were being transferred to corporate entities at undervalued rates. The transfer of these lands, which were originally under the Maharashtra Industrial Development Corporation (MIDC), was being done by bypassing proper procedures and causing concern among farmers, he claimed in the assembly. ...Read More >
"BJP wale to ulti budhi ke log hai, inki neeyat mein khot hai (BJP people have warped thinking. They don't have good intentions)," he said. The 16th Finance Commission report has recommended the discontinuation of the Revenue Deficit Grant to 17 states, which includes Himachal Pradesh. The revenue minister, who returned from Delhi to Shimla after discussing the discontinuation of revenue deficit grant (RDG) to the state with the Congress high command, said Article 275(1) of the Indian Constitu ...Read More >
MUMBAI : Proprietary traders, whose cost of capital is set to rise sharply under the banking regulator's new funding directives on capital market exposure, posted a significant increase in market share in the popular index options space. Their gross market share based on premium turnover jumped by 230 basis points (bps) year-on-year to 49.5% in the nine months through 2025-26, according to data sourced from the country's largest stock exchange, National Stock Exchange of India Ltd (NSE). A basi ...Read More >
MUMBAI: KRBL isn't just cooking rice, it's serving up a hearty profit platter even as some costs bubble over. The Delhi-based basmati giant reported consolidated profit after tax of Rs 169.97 crore for the quarter ended 31 December 2025, down slightly from Rs 172.11 crore a year earlier, despite a revenue dip. Revenue from operations stood at Rs 1,476.93 crore (down from Rs 1,681.90 crore), with other income Rs 24.62 crore, pushing total income to Rs 1,501.55 crore. Expenses totalled Rs 1,272.8 ...Read More >
Chennai, Feb 17 (PTI) Tamil Nadu Finance Minister Thangam Thenarasu on Tuesday presented a Rs 2.55 lakh crore interim budget (2026-27) for the poll-bound state that saw Rs 4,000 crore allocation for the DMK's flagship scheme of free bus travel for women. Out of the Rs 2,55,391 crore of sectoral allocations, a maximum of Rs 57,039 crore was earmarked for education and Rs 35,773 crore for urban development and Rs 22,090 crore for the health department. In the Interim Budget 2026-27, the governme ...Read More >
Shimla (Himachal Pradesh) [India], February 16 (ANI): In a development that underscored the widening rift between Raj Bhavan and the Himachal government, Governor Shiv Pratap Shukla on Monday declined to read the customary full Governor's Address on the opening day of the Budget Session of the HP Assembly. Addressing the House briefly, Governor Shukla said, "I don't think I should read it," while specifically pointing out that the prepared address contained "comments on constitutional instituti ...Read More >
Shimla, Feb 16 (PTI) In an unusual move, Himachal Pradesh Governor Shiv Pratap Shukla on Monday concluded his address to the state Legislative Assembly within two minutes, skipping a portion of the speech over what he termed as "comments on a constitutional institution". Speaking at the start of the Budget Session of the Assembly, the governor said he would not read paragraph 3 to 16 of the prepared speech. "I think there are comments on the constitutional institution from paragraph 3 to 16 an ...Read More >
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