Business
FASTag compliance: NHAI to blacklist ‘loose tag’ users; move aims to curb toll fraud and ease congestion
To enhance toll plaza efficiency and prepare for digital upgrades, NHAI is cracking down on ‘loose FASTags’. This move aims to ensure FASTag authenticity and ETC system integrity before implementing annual passes and multi-lane free flow tolling. NHAI will blacklist reported ‘tag-in-hand’ violations, addressing issues like false chargebacks and congestion.
Tesla India debut: Elon Musk’s firm gets RTO nod for showroom; Model Y likely to go on sale from July 15 in Mumbai
Tesla has officially entered the Indian market, securing a trade certificate from the Maharashtra transport department. This allows the EV giant to commence sales, display vehicles, and offer test drives, with the inaugural showroom slated to open in Mumbai on July 15. The company plans to launch its Model Y initially, marking a significant step…
Silver hits all-time high in India: Spot price crosses Rs 1.11 lakh/kg; what’s driving the rally?
Silver prices in India soared to a record high, surpassing Rs 1.11 lakh per kilogram, driven by global trade tensions and expectations of a dovish US Federal Reserve. This surge mirrored international trends, with spot silver climbing to $37.19 an ounce. Investors sought safe-haven assets amid geopolitical risks and tariff-related uncertainties, further fueled by Trump’s…
Valuation fears hit defence stocks: Where are they headed? Here’s what analysts say
Indian defence stocks experienced a downturn on Thursday as investors engaged in profit booking after a robust three-month rally. The Nifty India Defence Index declined by 2%, with Bharat Dynamics leading the losses after a ‘neutral’ rating from Motilal Oswal. Analysts attribute the correction to stretched valuations and easing geopolitical tensions, despite long-term growth optimism…
Reliance Infra upgrade: Infra major credit rating raised 3 notches by Ind-Ra; big move after debt clean-up
Reliance Infrastructure sees its credit rating soar. India Ratings and Research elevates the company’s rating significantly. This follows Reliance Infra’s successful debt reduction. The company now boasts net zero debt. Timely debt servicing and settlements with subsidiary lenders also contributed. However, risks related to liabilities and arbitration remain. A recovery is expected in the engineering…
Tax collections dip: Net direct tax mop-up falls 1.34% to Rs 5.63 lakh crore as refunds surge; gross receipts rise 3.17%
India’s net direct tax collections experienced a slight decrease of 1.34% year-on-year, totaling Rs 5.63 lakh crore between April 1 and July 10 of FY26, primarily due to a significant surge in refunds issued. Gross direct tax collections, before refunds, saw a modest rise of 3.17%, reaching Rs 6.65 lakh crore. The government aims for…
Electric truck push: Government offers up to Rs 9.6 lakh incentive per vehicle under PM E-DRIVE; SAIL to procure 150 e-trucks
The government introduces a scheme to promote electric trucks. It is under the PM E-DRIVE initiative. The scheme offers incentives up to Rs 9.6 lakh per vehicle. A total of Rs 500 crore is allocated for e-truck incentives. The aim is to support adoption of electric trucks in various industries. Scrapping old trucks is mandatory…
US markets today: S&P 500 and Nasdaq retreat from record highs, Donald Trump tariffs jolt investor sentiment
US stocks declined on Friday, reversing course from record highs due to President Trump’s new tariff threats, including a 35% levy on Canadian imports. The S&P 500, Nasdaq, and Dow all fell, while European and Asian markets showed caution. Levi Strauss stood out with a 7% jump after exceeding expectations.