9 minutes ago

Haryana continued to lead all states in the growth of post-settlement State GST (SGST) collections during the first four months of FY 2026-27, according to the latest data released by the Central Board of Indirect Taxes and Customs (CBIC). The state reported strong year-on-year growth in both monthly and cumulative SGST collections, significantly outperforming the national average. It also recorded the highest growth in overall GST revenues during the month. The performance follows Haryana's leading position in SGST growth during FY 2025-26, reflecting continued improvement in tax collections and revenue mobilisationRead more

39 minutes ago

Andhra Pradesh Chief Minister N Chandrababu Naidu has described the newly inaugurated Alluri Sitarama Raju International Airport at Bhogapuram as a major infrastructure asset that will drive economic development across north Andhra. The nearly INR 5,000 crore airport was inaugurated by Prime Minister Narendra Modi recently. Addressing a public gathering after the inauguration, Naidu said the project would significantly influence the region's future, drawing comparisons with the transformative impact of Hyderabad's Shamshabad Airport. He also acknowledged the contribution of local farmers who provided land for the airport, stating that their support had enabled the development of a key infrastructure project for the state.Read more

1 hour ago

Ospree Duty Free has expanded its airport retail network with the opening of duty-free stores at Navi Mumbai International Airport across both the Departure and Arrival terminals. The new outlets offer a range of imported spirits, luxury fragrances, fashion, cosmetics, electronics, watches and confectionery, catering to domestic and international travellers. The launch strengthens the company's footprint in the Mumbai Metropolitan Region (MMR), where it now operates at two airports. The expansion forms part of Ospree Duty Free's broader growth strategy across India's airport network, as it continues to increase its presence in major aviation hubs and enhance travel retail offerings.Read more

2 hours ago

Further rationalisation of the Goods and Services Tax (GST) for domestic hotels and restaurants could strengthen India's tourism sector by making travel more affordable and encouraging higher demand, according to SOTC Travel Managing Director and CEO Vishal Suri. While welcoming the government's earlier reduction in the tax collected at source (TCS) on overseas tour packages and the lower GST on hotel accommodation, Suri called for additional policy support through tax reforms, infrastructure investment and improved connectivity. He said India's travel market continues to remain resilient despite global uncertainties, supported by rising disposable incomes, expanding transport infrastructure and growing demand from Tier-II and Tier-III cities.Read more

04 Aug 2026

Bank lending to industry recorded a strong year-on-year growth of 19.2 per cent in June 2026, supported by higher credit flow to large companies as well as MSMEs, according to the Reserve Bank of India (RBI). Overall non-food bank credit also saw healthy growth, while lending to agriculture, services and personal loans remained strong. Commercial real estate emerged as one of the key contributors to the expansion in services sector credit. The data reflects continued demand for financing across productive sectors of the economy, supported by broad-based lending across industries.Read more

04 Aug 2026

Bengaluru-based real estate developer Assetz Ltd has confidentially filed preliminary papers with the Securities and Exchange Board of India (Sebi) for an initial public offering (IPO) expected to raise around INR 1,200 crore. The proposed listing would mark the company's debut on the public markets. While the confidential filing does not disclose details of the issue structure, valuation or financials, Assetz has appointed JM Financial, BofA Securities India and Motilal Oswal Investment Advisors as the book-running lead managers. The developer has built a sizeable residential portfolio in Bengaluru, backed by institutional investors, and is expanding its land bank and development pipeline while evaluating entry into the Mumbai Metropolitan Region (MMR).Read more

04 Aug 2026

The Central Bureau of Investigation (CBI) has registered a fresh case against Reliance Capital Ltd, its former chairman Anil Ambani and unknown public servants over an alleged INR 1,816.22 crore loss to the Employees' Provident Fund Organisation (EPFO). The case relates to investments made by EPFO in Reliance Capital's debt instruments between 2011 and 2015, which investigators allege were approved despite adverse financial indicators and regulatory concerns. The agency will examine the role of company officials, intermediaries and public servants in the alleged investment decisions.Read more

04 Aug 2026

Public sector lender Bank of Maharashtra (BoM) has reduced its home loan interest rate to 7 per cent from 7.1 per cent under a limited-period promotional campaign aimed at homebuyers. Alongside the lower lending rate, the bank has waived processing fees and documentation charges on home loans, lowering the overall borrowing cost for customers. The lender has also announced a car loan interest rate starting at 7.45 per cent under the same scheme. The initiative is intended to make retail financing more affordable by reducing upfront expenses as well as monthly equated monthly instalments (EMIs) for borrowers.Read more

04 Aug 2026

Park Group of Hospitals has expanded its presence in north India by launching The Medicity Hospital in Rudrapur, Uttarakhand. The 330-bed multi-super speciality facility is the group's first hospital in the state and is being positioned as the largest hospital in the Kumaon region. The expansion increases the group's presence to six states and aims to improve access to advanced tertiary and quaternary healthcare services in an underserved market. The hospital is equipped with modern medical infrastructure, specialised clinical departments and an experienced team of doctors to meet the region's growing healthcare needs.Read more

04 Aug 2026

The National Stock Exchange of India (NSE) has completed the payment of INR 1,491.21 crore to the Securities and Exchange Board of India (Sebi) to settle the long-pending colocation and dark fibre cases. The exchange paid the remaining INR 714.74 crore after Sebi gave its in-principle approval to the revised settlement proposal. The development comes as NSE moves closer to its proposed initial public offering (IPO), for which it has already filed draft papers with the market regulator. The settlement is expected to remove a key regulatory hurdle before the public issue.Read more

04 Aug 2026

Cube Highways Trust made its stock market debut after successfully completing its INR 5,000 crore Infrastructure Investment Trust (InvIT) public issue. The Trust became the first InvIT in India to transition from a privately listed platform to a publicly listed one. Its units listed at a premium on both the BSE and NSE and ended the day with gains of more than 3%. The public issue witnessed strong investor participation, reflecting confidence in the Trust's operational highway portfolio, stable cash flows and long-term growth strategy.Read more

04 Aug 2026

The Delhi High Court has sought the Enforcement Directorate’s (ED) response to a petition filed by Nayan Raheja, director and son of the chairman of Raheja Developers, seeking the quashing of a money laundering case registered in 2022. The case is linked to the alleged diversion of funds collected from homebuyers for housing projects that witnessed prolonged delays. The court has directed the ED to file its response and scheduled the matter for further hearing. The case stems from allegations involving around 4,600 delayed residential units and alleged misuse of homebuyers’ funds.Read more

04 Aug 2026

Radisson Hotel Group plans to expand its India portfolio to 500 hotels by 2030, positioning the country as one of its key global growth markets. The hospitality chain is focusing its next phase of expansion on Tier II, III and IV cities, emerging commercial hubs, leisure destinations, religious tourism centres and hotel conversions. During the first half of 2026, the company signed 18 hotels and opened four properties, taking its operational portfolio to 142 hotels across 86 cities and its development pipeline to 98 hotels. The group expects stronger conversion of pipeline projects into operational assets over the next two years, supported by rising domestic travel, improving infrastructure and sustained investor confidence.Read more

04 Aug 2026

ESAF Small Finance Bank posted a net profit of Rs 80 crore for the quarter ended 30 June 2026, reversing a loss of Rs 81 crore in the corresponding period last year. Total income rose to Rs 1,346 crore from Rs 1,023 crore, while interest income grew 32 per cent to Rs 1,098 crore. Gross NPAs declined to 5.40 per cent from 7.48 per cent, and net NPAs fell to 0.83 per cent from 3.77 per cent. The bank's total business crossed Rs 50,000 crore for the first time during the quarter.Read more

04 Aug 2026

Wyndham Hotels and Resorts, the world's largest hotel franchising company, signed 11 new hotels across India during the six months to June 2026. The expansion was attributed to growing owner confidence and the long-term potential of India's hospitality sector, supported by rising travel and tourism activity, expanding middle-class mobility, and steady domestic demand. The period also saw the opening of Ramada Encore by Wyndham in Ayodhya, extending the group's presence in pilgrimage destinations, alongside a new property in Nepal. Wyndham now has more than 150 hotels operating and under development across India.Read more

04 Aug 2026

Mumbai Port Authority (MbPA) has announced a stricter enforcement strategy against lease rental defaulters and unauthorised occupants across its Eastern Waterfront land parcels. The initiative seeks to recover pending dues, address lease violations and ensure better utilisation of port-owned land earmarked for future redevelopment. The move forms part of the Authority's broader efforts to strengthen land governance, improve revenue realisation and facilitate implementation of major infrastructure and waterfront development projects planned for Mumbai's eastern coastline.Read more

04 Aug 2026

NPCI International Payments Ltd (NIPL) and the Maldives Monetary Authority (MMA) have announced the successful launch of an integration between the Maldives' Favara instant payment system and India's Unified Payments Interface (UPI). Following the launch on Thursday, individuals in the Maldives can transfer funds in real time to UPI-enabled bank accounts in India. The service has begun with two participating banks, Bank of Maldives Plc and Maldives Islamic Bank Plc. Subsequent phases will introduce QR-based merchant payments and other cross-border digital payment services between the two countries.Read more

04 Aug 2026

Razorpay, an Indian omnichannel payments platform for businesses, has been included in the 2026 edition of the World's Top Fintech Companies list compiled by CNBC and Statista, marking its fourth consecutive appearance. The company is one of eight Indian firms featured this year and has been recognised in the Payments category. The ranking evaluated more than 3,500 companies across over 50 countries and territories, with 500 companies making the final list. Razorpay serves businesses across India, Malaysia and Singapore, and was founded in 2014 by IIT Roorkee alumni Shashank Kumar and Harshil Mathur.Read more

04 Aug 2026

Shadowfax Technologies reported a strong financial performance for the first quarter of FY27, with net profit rising more than eight times year-on-year to INR 65.40 crore, supported by robust revenue growth and a sharp increase in delivery volumes. The third-party logistics company also expanded its operational footprint by adding capacity and increasing service coverage across the country. Growth in both express parcel and hyper-local deliveries helped drive performance, while the company continued investing in infrastructure to support future expansion and strengthen its position in India's fast-growing logistics sector.Read more

03 Aug 2026

The Ministry of Tourism has entered into a two-year strategic partnership with IndiGo to strengthen the promotion of India as a preferred global tourism destination under the Incredible India brand. The non-exclusive and non-financial collaboration will leverage IndiGo's extensive domestic and international network to showcase India's tourism offerings through digital, print, airport branding, in-flight platforms and global travel events. The initiative follows a similar agreement signed with Air India in the past week, reflecting the government's broader strategy to enhance India's visibility across key domestic and international tourism markets.Read more