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To curb mis-selling, finance ministry tells lenders to stop incentives on insurance

New Delhi, June 3 -- The rampant mis-selling of unnecessary insurance plans to loan and deposit customers by lenders has already evoked concerns among the two sector regulators. Now, the finance minis... Read More


Mint Primer | GST mop-up: The signals for India's economy & taxes

New Delhi, June 3 -- Goods and services tax (GST) collections are buoyant, exceeding Rs.2 trillion in the past two months. Mint looks at what they indicate about the state of the economy. Is it time t... Read More


Lemon Tree ends FY25 on a good note, but investors must watch debt levels

New Delhi, June 3 -- Lemon Tree Hotels Ltd's FY25 benefitted from a full-year contribution of Aurika, Mumbai SkyCity, which opened in the third quarter of FY24. FY25 consolidated revenue and Ebitda ea... Read More


Lemon Tree's earnings bloom in FY25-now it must trim the debt

New Delhi, June 3 -- Lemon Tree Hotels Ltd's FY25 benefitted from a full-year contribution of Aurika, Mumbai SkyCity, which opened in the third quarter of FY24. FY25 consolidated revenue and Ebitda ea... Read More


Govt will have extra Rs 0.8 trn for capex in FY26 because of higher dividend by RBI, robust GDP: ICRA

New Delhi, June 3 -- The central government has extra space in the fiscal deficit to push up expenditure by at least Rs. 0.8 trillion in FY2026 relative to the Budget Estimates (BE), as the higher GDP... Read More


Structural reforms put Pakistan on path to prosperity, Aurangzeb tells SCO

Pakistan, June 3 -- Finance Minister Muhammad Aurangzeb said that Pakistan's structural reforms are placing the country on a path to sustainable growth. He made these remarks during a virtual address ... Read More


Tesla leases space in Mumbai's Lodha Logistics Park, expanding India footprint

Bengaluru, June 3 -- American electric carmaker Tesla Inc. has leased 24,565 sq. ft. of space at Lodha Logistics Park in Mumbai's Kurla West. The transaction adds to the Elon Musk-promoted company's s... Read More


Allahabad HC dismisses Patanjali's plea against rRs.r273.5 cr GST penalty

PRAYAGRAJ, June 3 -- The Allahabad high court has dismissed Patanjali Ayurved Limited's petition challenging Rs.273.5 crore goods and service tax (GST) penalty. Dismissing the writ petition, a divisio... Read More


UPSRTC introduces smaller buses to improve rural connectivity in Prayagraj

PRAYAGRAJ, June 3 -- : The Uttar Pradesh State Road Transport Corporation (UPSRTC) has started a new rural bus service from zero road bus station in Prayagraj to Shankargarh and Chakghat, located near... Read More


India-France CEO Forum: Indian business leaders pushes for strengthening bilateral trade and investment, FTA

Paris, June 3 -- At the India-France CEO Forum in Paris saw enthusiastic discussions on strengthening bilateral trade and investment on Tuesday. The forum highlighted the potential for a Free Trade Ag... Read More