Tax collections dip: Net direct tax mop-up falls 1.34% to Rs 5.63 lakh crore as refunds surge; gross receipts rise 3.17%

India’s net direct tax collections declined 1.34% year-on-year to Rs 5.63 lakh crore as of July 10, dragged down by a sharp surge in refunds, according to government data released on Friday. Gross tax collections — before adjusting for refunds — rose 3.17% to Rs 6.65 lakh crore during the period, reflecting an underlying improvement…

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Reliance Infra upgrade: Infra major credit rating raised 3 notches by Ind-Ra; big move after debt clean-up

India Ratings and Research (Ind-Ra) has upgraded Reliance Infrastructure’s credit rating by three notches — from ‘IND D’ to ‘IND B / Stable / IND A4’ — on its non-fund based working capital limits, citing the company’s successful deleveraging to net zero debt and improved debt servicing record.The upgrade marks a significant improvement in the…

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Wimbledon 2025: Jannik Sinner outclasses Novak Djokovic; sets up summit clash with Carlos Alcaraz | Tennis News

Carlos Alcaraz and Jannik Sinner (Images via Getty Images) Carlos Alcaraz and Jannik Sinner will face off in a blockbuster Wimbledon final on Sunday after both pulled off thrilling wins in their respective semi-finals in dominant fashion. Defending champion Alcaraz reached his third consecutive final at the All England Club with a hard-fought 6-4, 5-7,…

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