Outstanding dues of power discoms fall to Rs 3,300 crore from Rs 1.39 lakh crore in 2022, aided by LPS rules and reforms to improve financial health of utilities

discoms

Business Standard

East Coast Railway leads freight loading with record volumes in FY26 as Indian Railways earnings cross Rs 1.7 trillion, though revenue growth remains uneven across zones

Indian Railways needs consistent government support, according to officials

Industry welcomes customs duty exemption on petrochemicals but urges GST relief on inputs and faster refunds to ease cost pressures amid West Asia disruptions

pharmaceutical sector, pharma

India's Reit market gains traction with strong returns, high occupancy and regulatory support, outperforming Asian peers and drawing rising investor participation

real estate, realty sector

India becomes third-largest renewable energy market in 2025 with 45 GW addition, driven by strong solar and wind growth amid global energy uncertainty, IRENA report shows

Renewable energy, climate

But they are stuck as smartphone prices hit the roof; Scindia pushes for incentivising affordable phones

Jyotiraditya M Scindia, Jyotiraditya, Scindia

Dausa and Karauli added as state pushes for universal daytime farm power by 2027

power, electricity

Two-wheeler makers post strong FY26 growth led by rural recovery, scooter demand and premium motorcycles, though FY27 outlook may soften amid global headwinds

two wheeler

Electric vehicle sales rose sharply in FY26, driven by strong growth in two- and four-wheelers and a robust year-end push, as per Vahan registration data

electric vehicle

Passenger vehicle wholesales rose 16.3 per cent in March, driven by GST-led demand recovery and strong SUV traction, even as geopolitical tensions weighed on costs

car sales, passenger vehicle

Govt plans credit guarantees and interest support to unlock financing for private e-bus and e-truck operators amid lender hesitation

d-e-bussss

Compared with last year's Budget, the Union Budget 2026-27 builds on the credit framework while moving decisively towards equity funding, market-linked liquidity, and structured compliance support

MSMEs

TNC Rajagopalan answers SME queries related to GST, export and import matters

export

Union Minister H D Kumaraswamy unveiled third round of speciality steel PLI scheme with relaxed thresholds, updated pricing benchmarks, and wider MSME participation to boost steel manufacturing

H D Kumaraswamy (Photo: X/@hd_kumaraswamy)

Base year revised, thresholds relaxed to reflect current market trends

Trade expert cites FTP Para 1.08 and CBIC circulars requiring that export consignments not be detained beyond three days, and clarifies documentation norms under the Advance Authorisation scheme

trade

RBI restricts banks from offering NDF contracts to corporates to curb speculation and stabilise the rupee amid sharp currency volatility

RBI, Reserve bank

Advances at select mid- and small-sized private banks grew faster than deposits in FY26, reflecting tighter funding conditions across the sector

Banks, Bank, Banking sector, Finance sector

YES Bank appoints S Anantharaman as Chief Risk Officer to oversee enterprise-wide risk, including credit, market, and operational frameworks

Yes Bank

State-owned Central Bank of India on Tuesday said it has received a Rs 296.08-crore demand notice from the Income Tax Department for shortfall in payment of tax in FY25.
"An assessment order under Section 143(3) read with Section 144B of Income Tax Act, 1961 dated March 28, 2026 from Assessment Unit, Income Tax Department along with a demand advising the bank to pay an amount of Rs 296.08 crore being demand for tax liability for the Assessment Year 2024-25," Central Bank of India said in a regulatory filing.
The bank is in the process of challenging the said orders in the appropriate forum against disallowances/additions made in the said order within the prescribed guidelines, it said.
Looking to the precedence/orders of appellate authorities, it said the bank believes it has adequate factual and legal grounds to reasonably substantiate its position in the matter and considering the expected relief, the bank expects that the entire demand will subside.
As such, it said, no impact i

central bank of India

The bank is in the process of challenging the said orders in the appropriate forum against disallowances/additions made in the said order within the prescribed guidelines, it said

Press Trust of India

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