India should recast its growth strategy to cope with unanticipated economic shocks and cover India’s strategic vulnerabilities. (AI image) Led by a growing domestic demand and a favourable demographic dividend, the Indian economy and its growth story have been called fundamentally strong by economists. But short-term global economic shocks, like the ongoing Middle East conflict,…
Mumbai: Ingredion Inc, US-based ingredient solutions multinational company in the food, beverages and pharma sectors, is investing nearly Rs 200 crore in Ahmedabad-based Sanstar Ltd, a leading corn-based specialty products and ingredient solutions firm through the preferential allotment route. The investment by the US major is part of a strategic partnership between the two companies…
The Centre achieved its fiscal deficit target of 4.4 per cent of GDP for 2025-26, according to provisional data released by the Controller General of Accounts (CGA) on Monday, marking an improvement from the previous financial year’s deficit level, PTI reported.The fiscal deficit for FY26 was estimated at Rs 15,68,936 crore in the Budget and…
The government has issued a second global tender to import 70 lakh tonne of urea for the kharif season, despite a sharp rise in international prices, as it moves to ensure adequate fertiliser supplies amid disruptions linked to the Middle East crisis, PTI reported.The global price of urea has jumped from $447 per tonne in…
India’s industrial production grew 4.9 per cent in April 2026, driven by a strong performance in the manufacturing sector, according to the first release of the revised Index of Industrial Production (IIP) series with base year 2022-23.The Ministry of Statistics and Programme Implementation (MoSPI) on Monday launched the new IIP series, replacing the 2011-12 base…
MUMBAI: The income tax appellate tribunal’s (ITAT) Mumbai bench has held that the absence of a formal gift deed cannot, by itself, justify treating a property purchase as an ‘unexplained investment’ when the source of funds is clearly identifiable. Under I-T laws, if income or an asset is treated as unexplained, it is subjected to…
India’s manufacturing sector expanded at its fastest pace in three months in May, supported by strong domestic demand, infrastructure-led activity and rising new business orders, even as higher costs linked to the Middle East conflict continued to weigh on manufacturers, a monthly survey showed on Monday.The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI)…
Indian oil refiners are modifying operations to handle a wider range of complex crude grades. (AI image) The Middle East conflict has complicated the refining calculations for Indian refiners – not just in terms of the amount of crude oil that is available, but also for the kind of crude that is available. Indian oil…
Gross Goods and Services Tax (GST) collections rose 3.2% year-on-year to over Rs 1.94 lakh crore in May, reported PTI.The collections moderated from a record Rs 2.42 lakh crore in April but remained higher than the Rs 1.88 lakh crore collected in May last year. Net GST revenue increased 3.3% to Rs 1.67 lakh crore…
Top stocks to buy (AI image) Stock market recommendations: Nuvama Wealth Management Ltd, and R R Kabel Ltd have been picked as the top stocks to buy in the June 1-June 5, 2026 week by Sudeep Shah, Head – Technical Research and Derivatives, SBI Securities:Nuvama Wealth Management LtdNUVAMA has staged an impressive recovery after taking…