Tax compliance: Tata Steel served Rs 1,007 crore GST notice, says claim lacks merit, no business impact expected

Tata Steel has received a show cause-cum-demand notice from tax authorities over ‘alleged irregular availment of input tax credit’ (ITC) totalling over Rs 1,007 crore for the financial years 2018-19 to 2022-23, the company informed stock exchanges on Sunday.According to the notice dated June 27 from the Office of the Commissioner (Audit), Central Tax, Ranchi,…

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Indian Railways announces three big steps for train ticketing! New charting, Tatkal ticket booking, reservation system – what they means for passengers

We take a look at the top three upcoming changes in train ticketing and what they mean for passengers: Indian Railways train ticket operations set for a major revamp: In a move aimed at enhancing comfort for passengers, Indian Railways is planning to gradually roll out three key changes to its passenger reservation system. The…

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India is well-positioned to emerge as one of the new centres of gravity, says Anand Mahindra; calls for speed & private investment amid ‘Globalisation 2.0’

A rising tide of protectionism is reshaping global trade, but it is not the end of globalisation—rather its rebirth, said Mahindra Group Chairman Anand Mahindra in his address to shareholders in the company’s 2024–25 annual report. Mahindra believes this transition offers India a unique opportunity to emerge as a new centre of gravity in what…

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Top stocks to buy in upcoming week: Spotlight on the bulls – check stock recommendations with a 3-month horizon

Top stocks to buy (AI image) Stock market recommendations: According to Sudeep Shah, Head – Technical Research and Derivatives, SBICAP Securities, Apollo Hospitals Enterprise, and LT Foods are the top stock picks for the upcoming week. Here’s his view on Nifty, Bank Nifty and the top stock picks with a 3-month horizon: Nifty View The…

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RBL Bank eyes 5.1% interest margin, to launch CV and used car loans, targets growth in smaller cities

RBL Bank is targeting higher net interest margins (NIM) from its retail business by expanding its share of higher-yielding assets, including a foray into commercial vehicle (CV) financing and used four-wheeler loans in the next three months, a top executive said.Kumar Ashish, head of retail assets and collections, said the private sector lender is looking…

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Gold rate outlook: Gold prices likely to stay under pressure as investors eye key US macro data, say analysts

Gold rate outlook: Gold prices are expected to remain subdued next week as investors await crucial US macroeconomic data, which may offer fresh signals on the Federal Reserve’s stance on interest rates, analysts said.Improving risk appetite and easing geopolitical tensions have reduced investor interest in traditional safe-haven assets like gold, pushing them towards riskier assets…

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PLI scheme for telecom: Only half of eligible firms get Rs 1,162 crore in incentives till FY25, says DoT

Just 21 out of the 42 manufacturers eligible under the telecom production-linked incentive (PLI) scheme have received incentives till March 31, 2025, with total disbursements reaching Rs 1,162 crore, according to data provided by the Department of Telecommunications (DoT).The telecom PLI scheme, which began on April 1, 2021, and is scheduled to end in the…

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AI shift: India’s IT majors embrace integration over invention, upskill workforce as global market booms

Indian IT giants are reorienting their business models around artificial intelligence, shedding traditional digital transformation narratives in favour of AI-native strategies focused on high-margin applications and integration — not foundational AI research.A review of FY25 annual reports of Tata Consultancy Services (TCS), Infosys, Wipro and Tech Mahindra reveals a clear pattern: India’s top tech firms…

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