Business

Haryana Records 22 Percent Surge in SGST Collection in FY 2025 to 26, Highest in India Gross SGST Collection Touches Rs 44,460 Crore Till February Chandigarh, March 1: Haryana has emerged as the top performing state in the country in terms of State Goods and Services Tax collection growth, registering a record 22 percent rise in the financial year 2025 to 26.Haryana Excise and Taxation Commissioner Vinay Pratap Singh said on Sunday that the state’s gross SGST collection after settlement has reached Rs 44,460 crore so far in the current fiscal. This marks an increase of Rs 7,918 crore compared to collections recorded up to February in the previous financial year.The 22 percent growth rate is the highest among all States and Union...

Honda Cars India Reports 30.11% Drop in Total Sales in February 2026 Total Sales Fall to 7,212 Units New Delhi, March 1: Honda Cars India Ltd reported a 30.11 per cent year on year decline in total sales for February 2026, with overall dispatches standing at 7,212 units.The automaker had recorded total sales of 10,320 units in February 2025, marking a significant contraction in its combined domestic and export performance.Domestic Sales Remain Steady Despite the sharp drop in overall numbers, domestic sales remained largely stable. The company sold 5,629 units in the Indian market in February 2026, marginally higher than 5,616 units sold in the corresponding month last year.The near flat domestic performance helped cushion the...

Tata Motors Reports 32 Percent Surge in February Commercial Vehicle Sales Total CV Sales Climb to 42,940 Units New Delhi, March 1: Tata Motors Ltd on Sunday reported a strong rise in its total commercial vehicle sales for February, posting a 32 percent year on year growth.The company sold 42,940 commercial vehicles during the month, compared to 32,533 units in February last year, reflecting a sharp increase in overall demand across segments.Domestic Commercial Vehicle Sales Rise 32.8 Percent Domestic performance remained the primary driver of growth. Sales in the Indian market reached 40,893 units in February, marking a 32.8 percent increase over 30,797 units recorded in the same month a year ago.The significant jump in domestic...

India Reviews Trade Risks as Middle East Tensions Escalate After US and Israel Strike Iran Commerce Ministry Calls Urgent Meeting to Assess Impact on Exports and Shipping Routes New Delhi, March 1: The Ministry of Commerce has convened a high level meeting on Monday to evaluate the potential fallout of escalating tensions in the Middle East on India’s trade flows.The meeting, to be held in hybrid mode, will bring together exporters, shipping lines, freight forwarders and officials from various ministries. The objective is to assess the evolving geopolitical situation and its possible impact on India’s export supply chains, logistics networks and freight movement.The move follows joint military strikes by the United States and Israel...

Top-10 Most Valued Companies Lose ₹2.18 Lakh Crore in a Week as Market Sentiment Turns Bearish New Delhi, March 1: The combined market valuation of nine out of India’s top-10 most valued companies eroded by ₹2,18,902.09 crore last week, reflecting sustained pressure in the equity markets. Bharti Airtel recorded the steepest decline in market capitalisation during the period.BSE Benchmark Slides 1.84% Amid Weak Sentiment The broader market trend remained negative, with the BSE benchmark index falling 1,527.52 points, or 1.84%, over the week.Ajit Mishra, SVP, Research at Religare Broking Ltd, said equity markets closed the week under pressure due to persistent geopolitical tensions and continued weakness in technology stocks.Bharti...

South Korea Exports Surge 30% in February on AI-Driven Semiconductor Boom February Exports Hit Record High Despite Fewer Working Days Seoul, March 1: South Korea’s exports surged nearly 30 percent year on year in February, reaching the highest level ever recorded for the month, as strong global demand for semiconductors linked to the artificial intelligence boom powered outbound shipments.According to data released by the Ministry of Trade, Industry and Resources and reported by Yonhap News Agency, outbound shipments totaled 67.45 billion dollars in February, marking a 29 percent increase from 54.2 billion dollars in the same month last year.The export milestone was achieved despite three fewer working days compared with a year...

Samsung Electronics to Transform Global Factories into AI-Driven Smart Manufacturing Hubs by 2030 Samsung Accelerates AI-Powered Manufacturing Innovation Seoul, March 1: Samsung Electronics announced on Sunday that it will convert its domestic and overseas production facilities into AI-driven factories by 2030, marking a significant step in its long term manufacturing innovation strategy.The company plans to integrate digital twin-based simulations across the entire manufacturing cycle, covering material warehousing, production, and shipment. Alongside this, Samsung will deploy dedicated AI agents focused on quality control, production management, and logistics to enhance data-driven analysis and verification systems across...

Mumbai, March 1, 2026 – SML Mahindra Limited (BSE: 505192 | NSE: SMLMAH) reported a 17 percent year-on-year rise in total vehicle sales for February 2026 at 1,503 units, compared with 1,288 units in the corresponding month last year, driven by strong growth in both cargo and passenger vehicle segments. For the April to February period of FY26, the company posted cumulative sales of 14,175 units, marking a 19 percent increase over 11,906 units sold during the same period of the previous financial year. Monthly Sales Performance: February 2026 The company’s cargo vehicle segment recorded moderate growth, while passenger vehicles delivered robust double-digit expansion during the month.CategoryFebruary FY26February FY25% ChangeCargo...

Seoul Convenes Emergency Meeting to Assess Economic Fallout Seoul, March 1: South Korea’s industry ministry says it is preparing for all possible contingencies, including a potential closure of the Strait of Hormuz, following escalating tensions around Iran after a large scale U.S. Israeli strike.The Ministry of Trade, Industry and Resources convened an emergency meeting with related ministries and institutions to evaluate the economic and industrial consequences of the strike, which took place amid stalled negotiations over Tehran’s nuclear program.According to reports cited by Yonhap news agency, the attack reportedly killed Iran’s Supreme Leader Ayatollah Ali Khamenei.Strait of Hormuz in Focus as Energy Security Concerns Rise...

India, European Union Agree on Five Year MFN Treatment in Trade in Services Under FTA India EU FTA to Ensure Equal Treatment for Service Providers Mumbai, February 28: India and the European Union have agreed to grant each other Most Favoured Nation treatment for five years after their proposed free trade agreement comes into force, strengthening cooperation in trade in services.The provision is aimed at ensuring fair and equal treatment between service sectors and service providers on both sides. Under the Most Favoured Nation framework, each side will treat the other at least as favourably as it treats any third country, subject to specified conditions and limitations.This means that if either India or the European Union extends...

Indian Stock Market Ends Week Lower as Global Uncertainty Weighs on Sentiment Mumbai, February 28: Indian equity markets closed the week on a subdued note, with benchmark indices retreating amid heightened global volatility and rising geopolitical tensions.Despite India’s latest GDP data reflecting strong economic growth, investors remained cautious as uncertainty surrounding United States and Iran nuclear talks and global market fluctuations dampened overall sentiment.Benchmark Indices Slip Over 1% on Friday For the week, both the Sensex and the Nifty declined around 1.5 percent. Broader indices also faced pressure, with the Nifty Midcap 100 and Smallcap 100 falling more than 1 percent each.On Friday, February 27, the Sensex...

Government Temporarily Halts Rice Fortification Under PMGKAY, Cites Shelf Life Concerns Rice Fortification Put on Hold Pending Improved Nutrient Delivery Mechanism New Delhi, February 28: The government has decided to temporarily halt the fortification of rice distributed under the Pradhan Mantri Garib Kalyan Anna Yojana and other welfare schemes, pending the development of a more robust and effective nutrient delivery mechanism.The Ministry of Consumer Affairs, Food and Public Distribution reviewed the implementation of rice fortification across PMGKAY and related schemes before taking the decision. The move is described as a temporary measure and does not result in any reduction in food grain entitlements for beneficiaries...

India’s Real GDP Growth Estimated at 7.6% in FY 2025-26; Statistical System Undergoes Major Modernisation New Delhi, February 28: India’s real GDP is now estimated to grow by 7.6 per cent in FY 2025-26, signalling strong and sustained economic expansion, according to an official statement. The projected growth underlines the country’s continued momentum and reinforces its path toward achieving the vision of Viksit Bharat, anchored in higher productivity, resilience, and inclusive development.GDP Base Year Revised to 2022-23 A key structural reform accompanying this growth outlook is the revision of the GDP base year to 2022-23. The move is aimed at aligning India’s national accounts framework with the evolving structure of the...

Bharat Electronics Announces ₹1.95 Interim Dividend for FY26; Revenue and EBITDA Post Strong Growth Bharat Electronics Ltd (BEL) has announced an interim dividend of ₹1.95 per equity share for the financial year 2025 to 2026. The decision was approved by the company’s Board of Directors at its meeting held on Thursday, February 27.Interim Dividend Details In its stock exchange filing, the state owned defence electronics major said the interim dividend of ₹1.95 per equity share, having a face value of ₹1 each, represents 195 percent of the paid up share capital.The company added that the interim dividend will be paid within 30 days from the date of declaration.BEL had earlier informed the exchanges on February 18, 2026, about the...

Omnitech Engineering IPO Subscribed 1.14 Times on Final Day, QIB Portion Sees Strong Demand The initial public offering of Omnitech Engineering Ltd closed with an overall subscription of 1.14 times on Friday, the final day of bidding, reflecting moderate investor interest led by strong participation from institutional buyers.Omnitech Engineering IPO Subscription Details The Rs 583 crore IPO received bids for 2,16,31,632 shares against 1,89,09,890 shares on offer, as per data available with the NSE.The Qualified Institutional Buyers segment emerged as the key driver of demand, subscribing 2.86 times the shares reserved for it. In contrast, the non institutional investor portion was subscribed 73 percent, while the Retail Individual...

Gautam Adani Highlights Stories of Courage and Inclusion at GreenX Talks Adani Group Chairman Reflects on Human Spirit and Inclusive Growth Ahmedabad, February 27: Gautam Adani, Chairman of Adani Group, on Friday said that the ongoing GreenX Talks series has gone beyond inspiration and offered moments that reshape perspective.In a post on X, Adani said that some days are not merely inspiring but recalibrate one’s entire outlook. He noted that the series brought together powerful stories that showcased the triumph of the human spirit.Adani highlighted the elegance of Divya Shankar’s dance performance and described the journeys of Sudha Chandran and Srikanth Bolla as masterclasses in courage. He also acknowledged the dedication of...

India’s FDI Rises 18% to USD 47.87 Billion in April–December FY26 Foreign Direct Investment Sees Strong Growth in First Nine Months of Fiscal Year New Delhi, February 27: Foreign direct investment into India recorded a significant increase during the first nine months of the current financial year, reflecting sustained investor interest in the country.According to government data, FDI inflows rose 18 percent year on year to USD 47.87 billion during April to December of FY26. This marks a notable jump from USD 40.67 billion received during the corresponding period of the previous fiscal year.The rise in inflows highlights continued foreign investor participation despite evolving global economic conditions. The nine month data signals...

Global Smartphone Shipments End 2025 With Modest Growth, Sharp 2026 Decline Looms on Memory Shortage Holiday Demand Lifts Q4 2025 Shipments Despite Supply Constraints Global smartphone shipments closed 2025 with low single digit year on year growth, supported by improving macroeconomic conditions and robust holiday season demand, even as the industry grappled with a severe memory supply shortage.According to Counterpoint Research, global shipments rose 3.8 per cent in the fourth quarter of 2025, extending the market’s recovery to a fourth consecutive quarter. The December quarter also marked the strongest holiday period since 2021, with most regions reporting year on year growth. China and Eastern Europe were the only major markets to...

Production Gains Under PLI, But Market Dynamics Shift The auto Production Linked Incentive scheme has accelerated output among approved electric two wheeler manufacturers, but it has significantly reshaped competition within the sector. According to a report released on Friday by the Centre for Digital Economy Policy Research, the cost benefits under the scheme are being used primarily to gain domestic market share rather than to build export focused platforms.The report noted that PLI approved original equipment manufacturers enjoy an estimated 13 to 16 per cent cost advantage. This has enabled them to adopt aggressive pricing strategies and expand capacity at a faster pace.However, the think tank warned that this cost differential...

Netweb Technologies Partners with Vertiv to Co-Engineer AI-Ready GPU Data Center Infrastructure Netweb Technologies India Ltd has informed the exchanges about a strategic collaboration with Vertiv, a leading digital infrastructure firm, to jointly engineer and validate its in-house designed GPU compute platforms with Vertiv’s integrated, end-to-end AI data center solutions.The partnership is aimed at delivering fully validated, rack-scale AI systems where compute, cooling, and power infrastructure are engineered to function seamlessly together.Focus on Advanced Cooling and Power Integration Under the collaboration, the companies will work together from the conceptual stage of product design to develop complex cooling technologies...