Gross GST collections rise 14.8% to nearly ₹2 trillion in August
Import-related GST revenue surged 29 per cent year-on-year, outpacing domestic growth, while net collections rose 8.3 per cent to ₹1.68 trillion
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Import-related GST revenue surged 29 per cent year-on-year, outpacing domestic growth, while net collections rose 8.3 per cent to ₹1.68 trillion
HFCL has secured a significant export order valued at USD 244 million. This agreement is for supplying high-quality optical fibre cables to a global corporation. The supply contract spans three years, concluding in December 2029. Deliveries are scheduled to commence from the calendar year 2027 onwards. This order follows previous export wins for the telecom…
Mahindra & Mahindra reported a 42% jump in total vehicle sales. SUV sales grew fifty percent year-on-year in the domestic market. The company sold over one lakh vehicles including exports in August. Commercial vehicle domestic sales also registered a 22% growth.
An IndiGo flight bound for Delhi returned to Goa after takeoff. A technical issue was detected in one of the aircraft’s engines shortly after departure. The pilots followed standard procedures and safely landed the plane back at Manohar International Airport. The aircraft is currently undergoing necessary maintenance checks and repairs. Operations will resume after all…
Mahindra & Mahindra’s farm equipment business saw domestic tractor sales rise five percent year-on-year. Total tractor sales, including exports, also experienced growth compared to last year. The company’s trucks and buses segment registered a significant forty-seven percent increase in sales. This growth reflects improved infrastructure spending and rising freight demand. However, rising input and fuel…
As part of the engagement, Beicip-Franlab will undertake seismic interpretation, geological and reservoir studies, prospect ranking, resource assessment and field development planning across priority assets, including new and existing fields like Hazarigaon and Rudra in Northeast.
Hyundai Motor India reported an 8.8 percent increase in total sales for August. Domestic sales saw a significant 23.6 percent year-on-year growth during the month. This August figure represents the highest ever recorded for the company. Exports were impacted by geopolitical issues and logistical constraints. The company remains optimistic about future export demand improvement.
India’s UPI processed transactions near record highs in August, reaching ₹29.8 lakh crore. The platform handled a fresh record of 24.51 billion transactions, a significant jump from July. This impressive performance was bolstered by festive activity and expanding consumer adoption across the nation. Industry experts highlight the importance of resilient digital infrastructure for continued growth.
DDEL is the leading industrial pipe fabrication player in India and among the top five globally. It welds steel, stainless steel and other alloy pipes of different diameters for applications across multiple sectors.
Tata Elxsi and Sarla Aviation will collaborate on India’s first indigenous electric aircraft. The Shunya eVTOL aircraft is designed to carry six passengers and one pilot. This partnership will accelerate the development of flight-critical systems for the new aircraft. Sarla Aviation targets the Shunya’s first flight within the next eighteen to twenty-four months. The collaboration…