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The Hindu Businessline News

Economy / The Hindu Businessline

Over 2 lakh taxpayers claimed suspicious deductions of nearly 5,500 crore, says IT Dept

54,000 taxpayers have already corrected their filings and withdrawn ineligible claims worth approximately 1,400 crore and updated their returns

13 Dec 2025 7:57 pm
IT Department NUDGEs taxpayers on bogus deductions through the data-driven approach

The NUDGE campaign gives taxpayers an opportunity to update their Income Tax Returns and withdraw wrong claims, if any

13 Dec 2025 5:40 pm
Indias December crude oil imports from Russia likely to follow November 2025 cues, says CREA

India imported crude oil worth Euro 2.6 billion, or roughly $3 billion, last month compared to Euro 2.5 billion ($2.93 billion) in October 2025, as per CREA

13 Dec 2025 4:12 pm
Cement margins to rise 250 bps on higher realisation, stable cost in FY26: Crisil report

In the first half of this fiscal year, volume grew a moderate 5% year-on-year; In the second half of this fiscal year, volume is expected to rise by 8-9% year-on-year

13 Dec 2025 12:50 pm
IndiGo moves Delhi HC seeking refund of 900 crore Customs duty

IndiGo, in its plea, contended that the levy of Customs duty on such re-imports was unconstitutional and amounted to double levy on the same transaction

13 Dec 2025 10:09 am
IndiGo estimates over $55 million payout to customers following flight cancellations

The airline canceled about 4,500 flights last week due to poor pilot roster planning, stranding thousands of passengers, prompting the civil aviation regulator to order a 10% cut in its domestic winter schedule.

13 Dec 2025 9:47 am
India retail inflation to average 2.5% in 2025-26 fiscal: Crisil

Inflation based on the Consumer Price Index quickened to 0.7% in November from 0.3% in October, driven by the slower pace of deflation in the food and beverages category and a pick-up in fuel and light inflation

13 Dec 2025 9:39 am
Who benefits most from sustainable livestock nutrition practices

Improved feeding practices increase productivity, income, and food security while supporting rural development and sustainable agriculture

13 Dec 2025 9:30 am
Strike by trailer owners disrupt movement of vehicles at Chennai, Katupalli and Ennore ports

Trailer owners protest increase in fitness certification testing fees for older vehicles

12 Dec 2025 10:19 pm
Telangana dairy cooperative to increase milk procurement to 6 lakh litres a day

TDDCF plans to set up 400500 Vijaya Dairy parlours in 34 years

12 Dec 2025 10:04 pm
SLCM wins CII SCALE Award for excellence in agri warehousing

SLCM was awarded for its unified post-harvest management platform

12 Dec 2025 9:16 pm
IFFCO may have to wait for approval for its granular nano-NPK

Decision may be kept pending while the Agriculture Ministry decides on the nature of licence to be issued

12 Dec 2025 8:43 pm
Retail inflation inches up to 0.7% in Nov on higher food prices

Experts see another round of RBI interest rate cut

12 Dec 2025 8:24 pm
Mexico tariffs: Auto, smartphones, steel products, garments, aluminium to take a hit

Of Indias annual exports of $5.75 billion to Mexico, about 75 per cent would be affected by the new tariffs, per a GTRI report

12 Dec 2025 8:13 pm
Indias red chilli output likely to shrink by 20% on dip in area

Huge carry forward stocks, muted export demand to keep prices under check

12 Dec 2025 8:08 pm
CoalSETU for auction of coal linkages without end-use restrictions gets nod

Any domestic buyer requiring coal can participate in the linkage auction, says Information and Broadcasting Minister Ashwini Vaishnaw

12 Dec 2025 8:02 pm
12 Dec 2025 7:09 pm
Sagar Defence to build worlds first autonomous maritime shipyard in AP

29.58 acres of land at the Juvvaladinne Fishing Harbour in Bogolu Mandal, SPSR Nellore district has been allotted for the shipyard

12 Dec 2025 6:51 pm
Cabinet approves Insurance Laws (Amendment) Bill and four others

The Bill is expected to be introduced early next week

12 Dec 2025 6:36 pm
India's Russian crude imports hit five-month high in Nov; fuel exports to Australia soar

India remained the second-largest buyer of Russian fossil fuels in November behind China

12 Dec 2025 5:45 pm
Indias retail inflation rises to 0.71% in November

The latest print is below the Reserve Bank of Indias target range of 2% to 6% for the third straight month

12 Dec 2025 4:17 pm
Renewable energy capacity addition surges inApril-November

India added 27GW of solar and 3.9 GW of wind power capacity in theApril-November period of the currentfinancialyear, against 23.8 GW of solar and 4.1 GW of wind in the full year 2024-25

12 Dec 2025 3:33 pm
India outlines 40-country textile export strategy; launches major schemes to boost competitiveness

Multiple schemes including PM MITRA Parks, PLI for technical textiles, ATUFS, SAMARTH and Silk Samagra-2 aim to enhance manufacturing, innovation and skilling

12 Dec 2025 2:45 pm
Aviation Minister chairs review meeting with airlines on preparedness for winter fog

As winter fog approaches, Aviation Minister emphasises the need for enhanced accountability and real-time communication among airlines and regulatory bodies to ensure passenger safety and minimise disruptions

12 Dec 2025 2:15 pm
IndiGo faces CCI scrutiny over potential violation of competition norms

Probe follows major flight cancellations as officials assess dominance on key routes and potential abuse under Section 4 of the Competition Act

12 Dec 2025 1:31 pm
Indian sugar industry leader wins Global Excellence Award

Samir Somaiya has become the first Indian to receive the Plinio Nastari Sugar Excellence Award from the International Sugar Organisation

12 Dec 2025 12:52 pm
Cars, two/three-wheelers record highest-ever sales in November: SIAM

According to monthly sales data by SIAM, the domestic total two-wheeler dispatches grew by more than 21%y-o-y to 19,44,475 units during the month as against 16,04,749 units in November 2024

12 Dec 2025 12:40 pm
Japanese shipping giant MOL invests in Bengalurus Theia Ventures Fund

With India now home to over 157,000 startups and nearly 70 unicorns, the country has become MOLs priority growth market beyond shipping, including energy transition and advanced manufacturing.

12 Dec 2025 12:39 pm
Bartronics to rechristen itself ASMS

Bartronics India Ltd will be renamed Avio Smart Market Stack Ltd, focusing on rural commerce and agritech growth

12 Dec 2025 12:35 pm
Moody's maintains stable outlook for global asset management industry in 2026

Moody's noted that equity markets across the US, Europe and Asia performed strongly in 2025 despite intermittent volatility, positioning asset managers for improved revenue growth entering 2026

12 Dec 2025 12:19 pm
Standing Committee praises DRDO for 2.64 lakh crore savings, tech breakthroughs

Currently, DRDO has successfully developed multiple air defence systems, including the QRSAM and the Medium Range SAM, and is developing a long-range SAM under the project Kusha

12 Dec 2025 9:52 am
ICAI clears amendment to Code of Ethics, allowing advertising by CA firms

The revised code of ethics allows greater flexibility in advertising, write-ups, and website use, including push notifications for non-exclusive services

12 Dec 2025 9:11 am
CCL Products looks beyond coffee to emerge as food and beverge FMCG player

Launches South Indian snacks under Malgudi brand and iced tea mixes

12 Dec 2025 9:00 am
Govt urges agri industry to ramp up capacity using sops

The shift will lead to rapid growth in the domestic kitchen appliances market to over $50 billion by 2035 from $32 billion in 2027, reflecting this generations strong impact on consumption trends

12 Dec 2025 7:04 am
Goyal says US should sign trade deal on the dotted lines if satisfied

Goyal refused to disclose specifics or commit to a timeline, noting that five rounds of negotiations have been completed.

11 Dec 2025 10:58 pm
Aligning with US, Mexico announces up to 50% tariffs on imports from India, China

Likely to hit auto exports; India may take up matter with Mexico at diplomatic level

11 Dec 2025 9:22 pm
NITI calls for developing Corporate Bond Market to reduce dependency on bank led debt

Indias corporate bond market stands at roughly $650 billion, whereas the United Kingdoman economy smaller than India in GDP rankinghas a corporate bond market exceeding $4 trillion, nearly six times larger.

11 Dec 2025 9:03 pm
IndiGo lowers capacity, revenue guidance for third-quarter FY2026

IndiGo revises Q3 FY2026 capacity and revenue guidance downwards due to disruptions that have impacted its financial forecasts and operations

11 Dec 2025 9:02 pm
Storage in key Indian reservoirs below 90% for the 5th week in a row

A 55 per cent deficient rainfall last week with three regions receiving no precipitation drags the storage

11 Dec 2025 8:30 pm
Govt plans to accord permanent approval to nano-fertilizers

However, Agriculture Ministry wants all data from test results evaluated by experts before approval

11 Dec 2025 8:26 pm
PFRDA widens investment options for pension funds

Allows private pension funds to invest in the top 250 stocks, commodity ETFs

11 Dec 2025 7:43 pm
US AEI forays in to India with passenger-to-freighter; DGCA approves the conversion

Chennai-based Afcom Holdings is AEIs first customer to procure the converted freighter

11 Dec 2025 7:20 pm
Imports, weak demand weigh on tur prices as new crop hits market

Centre approves purchase of 9.67 lakh tonnes at MSP in Karnataka for 2025-26 season

11 Dec 2025 4:17 pm
IndiGo to give travel vouchers worth 10,000 to affected passengers

The travel vouchers will be in addition to compensation payable under government norms

11 Dec 2025 3:12 pm
Kerala seeks full quantity of fertiliser allocated to meet Rabi season demand

State Agriculture Minister says farmers are facing severe challenges due to the current shortfall in supply and timely availability of fertilisers

11 Dec 2025 2:35 pm
Pilot, cabin crew shortage to test FDTL roll-out

As airlines grapple with stringent new regulations and a mounting demand for pilots and cabin crew, investments in simulation training are surging, highlighting a critical industry shift poised to reshape Indias aviation landscape

11 Dec 2025 1:59 pm
IndiaUS trade deal likely by March, says CEA Nageswaran

The first phase of the deal, covering tariff rationalisation, was originally targeted for completion this fall but missed the deadline

11 Dec 2025 1:48 pm
Toffee Coffee Roasters raises 5 crore to scale premium Indian coffee business

Around 60% of the funds will support working capital as the company scales rapidly, while the rest will be allocated to roastery expansion, packaging upgrades, and new product development

11 Dec 2025 1:29 pm
India launches first indigenous hydrogen fuel-cell vessel in Varanasi

With this launch, India joins nations like China, Norway, and Japan that operate hydrogen-powered vessels.

11 Dec 2025 1:09 pm
Indian refiners turn back to Russian crude as discounts widen

As Indian refiners capitalize on attractive pricing, concerns over reputational risks and sanctions loom large, prompting a cautious approach to sourcing Russian crude amid shifting market dynamics

11 Dec 2025 12:49 pm