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Advance tax receipts rise 6.4% in March qtr
March 19, 2026
|Financial Express Kochi
Direct tax mop-up slightly short of RE
THE MARCH-QUARTER (Q4 FY26) instalment of advance taxes expectedly lagged the year-ago growth by a wide margin, causing the overall growth in direct tax receipts so far to fall marginally short of the revised estimates (RE).
According to data released by the Central Board of Direct Taxes (CBDT), the Centre’s advance tax collections for Q4 FY26 from companies, LLPs and individuals rose by 6.42% on year, compared with a 14.62% growth seen in the year-ago quarter. This was owing largely to the massive personal income tax relief announced in the Budget FY26. In absolute terms, Q4 advance tax collections stood at ₹11.13 lakh crore as on March 17.
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Financial Express Kochi
Nirav Modi seeks to reopen plea on extradition
FUGITIVE DIAMOND MERCHANT Nirav Modi’s application hearing seeking permission to reopen his extradition appeal concluded in the High Court in London, with claims that he faces a “real risk of torture” during interrogations by the investigating agencies in India.
1 min
March 19, 2026
Financial Express Kochi
Microsoft mulls legal action over Amazon-OpenAI deal
MICROSOFT IS CONSIDERING legal action against its partner OpenAI and Amazon over a $50 billion deal that could violate its exclusive cloud agreement with the ChatGPT maker, the Financial Times reported on Wednesday.
1 mins
March 19, 2026
Financial Express Kochi
Spot LNG prices rise sharply
Govt makes ad hoc provision of ₹600 crore for fertiliser plants
2 mins
March 19, 2026
Financial Express Kochi
Social feeds power micro-drama boom: Report
MICRO DRAMAS ARE rapidly emerging as a new content category in India, with social media feeds driving discovery for a vast majority of viewers, according to a joint report by Meta and Ormax Media.
1 min
March 19, 2026
Financial Express Kochi
Tankers with 1.7 MT of oil, LPG & LNG stuck in Gulf
TWENTY-TWO INDIAN-FLAGGED ships — carrying 1.67 million tonne of crude oil, 320,000 tonne of LPG and about 200,000 tonne of LNG — remained stranded in the western Persian Gulf amid the raging conflict in West Asia, officials said on Wednesday.
1 min
March 19, 2026
Financial Express Kochi
Q-comm share in F&B market to touch 15-20% by 2030: Redseer
QUICK COMMERCE HAS rapidly emerged as a key channel for packaged food and beverages in India, growing faster than other channels and grabbing incremental demand, a Redseer report said.
1 min
March 19, 2026
Financial Express Kochi
Rupee drifts to new lows amid tensions
THE RUPEE DEPRECIATED to a fresh low against the dollar on Wednesday as crude oil prices remained above the $100 /barrel mark fuelled by the war in West Asia.
1 min
March 19, 2026
Financial Express Kochi
Nazara to buy 2 Spanish gaming firms for $100 mn
DIVERSIFIED GAMING AND sports media firm Nazara Technologies on Wednesday said its UK-based subsidiary willacquire a 50% controlling stake in Spanish social gaming platforms Bluetile Games and BestPlay Systems for $100.3 million (about %918 crore).
1 min
March 19, 2026
Financial Express Kochi
₹2,584-cr small hydro power scheme cleared
THE CABINET on Wednesday cleared a ₹2,584.6-crore small hydro power scheme to add 1,500 MW capacity, making a renewed push to scale up decentralised renewable energy in remote & underserved regions.
1 min
March 19, 2026
Financial Express Kochi
Iran's huge gas field struck in big escalation in W Asia
IRAN’S HUGE PARS gas field was hit on Wednesday in the first reported strikes on Iranian energy infrastructure in the Gulf during the US-Israeli war, a major escalation that prompted Tehran to warn its neighbours that their energy installations would be targeted “in the coming hours”, reports Reuters.
2 mins
March 19, 2026
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