Bombay High Court has quashed a Rs 1,524 crore IGST notice issued to Tata Sons. The court ruled that Docomo’s withdrawal of UK court proceedings after a 2017 settlement did not constitute a ‘supply of services’ attracting GST. The demand was for damages paid to Docomo following disputes over a 2009 agreement.
President Trump is considering reducing US troop presence in Italy and Spain, citing their lack of support for the Iran war and Strait of Hormuz efforts. This move signals a widening rift with European allies over military objectives and burden-sharing within Nato.
From Heat Stress to Wage Cuts, India’s Contract Workers Reach Breaking Point outlookbusiness.com
Public sector banks significantly boosted their workforce in the last financial year, hiring 50,552 employees, a 33% increase from the previous year. This enhanced recruitment aims to strengthen operational capacity, alleviate workload, and improve customer service across state-run lenders.
The rupee hit a record low of 95.33 against the dollar on Thursday, driven by surging crude oil prices and concerns over inflation and capital flows. Suspected RBI intervention helped the currency recover to close at 94.91, though it remains under pressure. The outlook for the rupee is closely tied to the trajectory of global
India’s central bank significantly boosted its gold reserves, bringing back 104 metric tonnes domestically between October 2025 and March 2026. This move, amid global geopolitical tensions and a decline in foreign currency assets, saw gold’s share in forex reserves rise to 16.7%. Globally, central banks are increasingly repatriating gold, reflecting a growing trend towards bolstering
Virat Kohli was seen in an animated exchange with an umpire during the Gujarat Titans vs. Royal Challengers Bengaluru IPL match. The incident occurred after Rajat Patidar’s dismissal, with replays appearing inconclusive. Despite the controversy, the third umpire upheld the on-field decision, leaving Kohli and the RCB dugout visibly frustrated.
India’s foreign direct investment is projected to surpass $90 billion in 2025-26, marking a significant increase driven by enhanced investor outreach and upcoming free trade agreements. Gross FDI reached $88.3 billion by February 2026, with net FDI showing a substantial rise compared to the previous fiscal year. Changes to FDI rules for neighboring countries are
Hindustan Unilever (HUL) has implemented price hikes of 2-5% due to 8-10% cost inflation, primarily driven by soaring oil prices from the West Asia war. Despite these challenges, the company maintained its outlook, anticipating FY27 to outperform FY26, supported by rural income growth and stable demand.
Vodafone Idea has received significant relief as the Department of Telecom reassessed its Adjusted Gross Revenue (AGR) dues to Rs 64,046 crore, a reduction of over Rs 23,000 crore. The company will now pay these dues in installments between 2031 and 2041, providing much-needed financial breathing room.
