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The Hindu Businessline

Economy / The Hindu Businessline

GST dept issues 124 crore tax demand to SpiceJet, serves show-cause notice over delayed GST filings

Authorities said SpiceJet repeatedly delayed filings, leading to a provisional assessment under GST law

29 May 2026 11:10 pm
Hindustan Copper approves Lohum deal to restart Gujarat Copper plant

The board also cleared an MoU with Engineers India Ltd for technical, engineering and exploration support, as the company looks to expand and modernise its copper operations across multiple states amid Indias push for critical mineral security.

29 May 2026 10:49 pm
India introduces LPPI to improve transparency and competitiveness of ports

Introduced under the Sagar Aankalan framework, the Logistics Port Performance Index (LPPI) benchmarks port performance across cargo segments using operational indicators

29 May 2026 10:30 pm
Delhi Airport becomes first Indian infrastructure facility to host Skycast aviation weather intelligence system

Skycast platform to provide real-time weather monitoring and hazard alerts for flight operations

29 May 2026 10:11 pm
Diesel-isobutanol blending mandate likely later this year: MoRTH Secretary

Draft notification on truck-trailers under consideration as Ministry explores alternative fuel mobility solutions

29 May 2026 9:50 pm
Forex exposure, fleet strategy in focus as IndiGo outlines FY27 roadmap

The airlines management said IndiGos total foreign exchange exposure currently stands at nearly $10 billion, of which around $1.3 billion has been hedged

29 May 2026 9:28 pm
VOC Port Authority signs MoUs for green ammonia, sustainability initiatives

The project will include ammonia handling, storage and bunkering infrastructure, pilot bunkering operations, safety systems and training programmes

29 May 2026 9:24 pm
Agriculture Minister asks States to be prepared to deal with below-normal monsoon

The government is prepared to handle the situation in the event of El Nino emergence

29 May 2026 9:20 pm
Flight cancellations, lower yields drag IndiGo to Q4FY26 loss of 2,537 crore

Disruptions linked to the West Asia Middle East conflict and operational pressures during the quarter materially impacted profitability, says IndiGo

29 May 2026 9:19 pm
India may manage fertilizer availability in kharif, but likely to face problems during rabi

Fertilizer Secretary asks States to stop excessive use, stop diversion for industrial purpose

29 May 2026 9:10 pm
West Bengal brings down threshold limit for e-way bills for preventing tax evasion

This move by the new BJP government in Bengal is aiming at generating more tax revenues. However, some industry insiders feel that it would increase workloads for a large number of small traders.

29 May 2026 9:09 pm
India faces its driest period in 11 years as IMD projects monsoon at 90% of LPA

The national weather body lowers its April projection of 92% even as monsoon runs into rough weather

29 May 2026 9:00 pm
Almost 20% of 784 districts see high petrol, diesel sales as industrial users throng retail outlets

The ROs in more than 150 districts registered over 30 per cent growth in petrol sales

29 May 2026 8:50 pm
Govt notifies two special economic zones in Puducherry

Out of these two SEZs, one IT/ITES SEZ will be developed by Oulgaret Municipality at Thattanchavady village in Oulgaret Taluk

29 May 2026 8:40 pm
CCI resumes cotton sale, cuts prices by 2,300 per candy

Response from mills still muted as the corporation sold only 1,200 bales on Friday

29 May 2026 8:40 pm
India Inc gets a new CSR avenue through the Zero Coupon Zero Principal instrument

Companies can deploy up to 10 per cent CSR funds through ZCZP instruments

29 May 2026 8:10 pm
Urea and DAP sales rise sharply in March-May amid West Asia tensions

Despite higher demand and rising global prices, the government said adequate stocks of key fertilisers, including urea, DAP, NPK and potash, are available to meet kharif season requirements

29 May 2026 8:00 pm
Storage in Indias key reservoirs drops to 30% of capacity

Three of four reservoirs are half empty, with the situation precarious in Kerala, Karnataka and Telangana

29 May 2026 8:00 pm
Indias services exports rise 12.7% in April despite global tensions

The RBI said Indias external sector remained resilient, supported by diversified exports, a sustained services trade surplus and steady remittance inflows

29 May 2026 7:40 pm
Bank credit to industry grows 15.1% in April, RBI data shows

Growth in non-food bank credit also accelerated to 15.8 per cent, driven by strong lending to infrastructure, metals, engineering, services and personal loan segments

29 May 2026 7:30 pm
US-India trade deal could be signed very soon as most of it is finalised: Sergio Gor

The Trump administration eyes New Delhi as a new global power centre recognising the countrys immense growth potential, the US Ambassador indicated

29 May 2026 7:00 pm
Airlines seek digital platform for Ebola self declaration

Airlines urge for a digital platform to streamline Ebola self-declaration forms, enhancing compliance and reducing costs.

29 May 2026 6:30 pm
SHGs play a vital role in sustainable farming practices

They can help conserve indigenous seeds, promote natural farming, process millets and encourage organic agricultural products, says Karnataka Grameena Bank chairman

29 May 2026 6:20 pm
IndiGo posts 2,536.9 crore loss in March quarter of FY26

Total income in the fourth quarter of the 2025-26 fiscal rose over 3% to 23,830.7 crore from 23,097.5 crore in the same period a year ago, according to a release

29 May 2026 5:30 pm
UN-honoured Tamil Nadu farmer turns coconut losses into profits with tree-based farming

The farm now cultivates more than 14 crop varieties, uses significantly less water and has remained resilient during severe droughts

29 May 2026 5:30 pm
Golden Tips Tea plans West Bengal general trade expansion within six months

The company also aims to open around 100 franchise outlets across India over the next three years while strengthening digital marketing and exports

29 May 2026 5:13 pm
West Asia conflict may drag down Pipavav Port cargo volumes in Q1 FY27

However, the port expects container and RoRo cargo growth to remain strong, supported by new shipping routes, transhipment opportunities and rising automobile exports

29 May 2026 4:40 pm
INR use for imports and exports gains momentum, says RBI

RBI data showed strong growth in rupee-based import and export transactions during 2025-26, with import settlements rising sharply by over 41 per cent year-on-year.

29 May 2026 4:20 pm
Government plans social security schemes for Indias gig workers

The government is operationalising welfare measures under the Social Security Code and strengthening the e-Shram portal to support benefits portability and worker protection.

29 May 2026 4:20 pm
Net FDI rebounds to $7.7 bn in FY26, but portfolio flows short for financing CAD: RBI

The central bank says the services sector accounted for a major share of FDI equity inflows during 2025-26, followed by manufacturing

29 May 2026 4:00 pm
Indias power firms sharply increase gas purchases amid summer heatwave

Gas purchases by power firms jumped nearly 350 per cent during April-May compared to last year, even as rising global prices and supply shortages limited the use of gas-fired power capacity during peak night-time demand

29 May 2026 3:40 pm
Kurve Sachin Shardchandra takes charge as Chennai Port Authority Chairperson

Kurve, an Indian Administrative Service belonging to the 2003 batch of the Uttarakhand cadre, before joining ChPA, was Secretary, Medical Health & Medical Education and Secretary, Civil Aviation

29 May 2026 3:32 pm
India unveils AI-driven roadmap to modernise fisheries governance

The initiative aims to curb illegal fishing, improve fisher safety and build transparent seafood supply chains, while expanding digital vessel tracking systems across Indias coastal regions

29 May 2026 3:30 pm
Planters association hails Kerala policy initiatives

These measures can generate substantial new employment opportunities, attract fresh investments, encourage diversification and innovation, and stimulate economic activity across rural Kerala

29 May 2026 3:30 pm
India emerges as Asia-Pacific's least constrained data centre market amid AI boom

Lower power costs and minimal bottlenecks to drive capacity beyond 3 GW by end of 2028 amid strong hyperscaler demand

29 May 2026 2:30 pm
India, Canada push trade pact amid parallel law enforcement focus

Piyush Goyal, Canadian Minister Sidhu launch trade & investment forum; Canada trade mission to visit India later this year

29 May 2026 2:10 pm
India may receive 90% of normal monsoon in 2026, says IMD

Latest forecast is a downward revision from April when IMD said rainfall to be 92% of LPA

29 May 2026 2:00 pm
Indias growth outlook for FY27 remains positive: RBI Annual Report

West Asia conflict and the attendant risks could pose headwinds to growth and inflation in the short run

29 May 2026 1:00 pm
Overseas buyers turn cautious at Kochi Tea auctions as West Asia tensions resurface

As intake of orthodox teas declines, a higher percentage of offerings at this weeks sale go unsold

29 May 2026 12:40 pm
Vizhinjam Port handles 2 million TEUs in 18 months, fastest for any Indian port

The port, which commenced trial operations in July 2024, crossed the 1 million TEU mark in August 2025.

29 May 2026 11:10 am
Maersk to launch FI2 ocean service to strengthen India-China trade connectivity

The dedicated weekly service from Southern and Eastern China to Northwest India addresses the capacity demanded by customers across automotive, chemical, technology and retail verticals

29 May 2026 11:00 am
Indias concert economy set to cross 15,000 crore amid live events boom

The domestic Pro-AV and LED display markets are also witnessing steady expansion, reinforcing Indias position as a fast-growing entertainment economy

28 May 2026 9:28 pm
India, Korea acknowledge need to address widening trade deficit in CEPA talks

The two countries also decided to constitute sub-groups to discuss cooperation in digital trade, supply chain, and strategic industrial sectors

28 May 2026 8:52 pm
Indo-US trade: Commerce Dept gathers industry inputs on non-tariff barriers ahead of US trade team visit

Seeks specifics on nature of the barrier, relevant regulatory or technical requirements; instances of how the measures are affecting market access

28 May 2026 8:44 pm
Merchant ships avoid Strait of Hormuz amid renewed US strikes

Iran claimed that several ships attempted unauthorized entry into the Persian Gulf last night, some of which turned back, while two were stopped

28 May 2026 8:39 pm
Grid integration among challenges dragging down investments in Indias RE sector in Q1 2026

Indias RE capacity stood at 275 GW as of March 31, 2026 with its share in total installed capacity at around 51 per cent

28 May 2026 8:22 pm
Illegal ads and scams outpace misinformation in ad violations: ASCI

Offshore betting ads flout rules the most followed by realty, personal care and food and beverages

28 May 2026 8:08 pm
Sri Narasus Coffee eyes 1,000 cr revenue in next 5 years; plans Karnataka, Kerala & Andhra foray

Approximately 50% of the companys revenue comes from exports across 45 countries, including the US, Europe, UAE, Singapore and others

28 May 2026 7:30 pm