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Emkay analysts indicate that the 2026 US midterms will have minimal direct influence on India-US relations. Domestic equities will remain driven primarily by global crude prices, the US dollar strength, and bond yields.
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The tribunal held that a retracted statement requires corroborative physical evidence to prove clandestine clearance of goods. Departmental actions alleging duty evasion must be supported by independent tangible proof rather than solely relying on disputed testimonies.
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The tribunal determined that parallel invoices demonstrate undervaluation for current shipments but cannot automatically justify enhancing values for historical imports. Each consignment must be assessed independently based on concrete transactional evidence.
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India registered total power consumption of 159.76 billion units in October 2026, driven by heightened commercial and industrial activity during the festive period. Peak electricity demand similarly climbed to 260.73 GW compared to the previous year.
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The tribunal clarified that while parallel invoices establish customs undervaluation for active cases, they cannot serve as the sole basis for wholesale enhancements of prior imports. Authorities are required to examine each import bill independently.
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A succession disagreement involving the Venu Srinivasan family has impacted TVS Holdings and TVS Motor Company. The dispute centers on family asset division and management structures, prompting governance concerns from advisory firms regarding minority shareholder interests.
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The Supreme Court declined to interfere with a lower judicial order concerning a disputed CENVAT credit of 5.57 crore rupees. The ruling leaves the existing indirect tax liability and appellate findings undisturbed for the litigants.
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The Supreme Court held that the principle of unjust enrichment cannot be invoked to deny refund claims arising from provisional customs duty assessments. Importers seeking refunds from provisional assessments are exempt from proving they did not pass the burden to consumers.
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Private equity and venture capital investments surged to eight billion dollars in October, driven largely by a major five point six billion dollar stake acquisition by Fairfax. This performance marks the highest monthly total in over four years, with year to date inflows already surpassing the total figures recorded for the full year of 2025. This surge highlights robust investor confidence and capital deployment within the Indian market.
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India will begin exporting Vande Bharat trains within three to four years, according to railway Minister Ashwini Vaishnaw. The announcement follows the recent launch of the Bengaluru Mumbai Vande Bharat Sleeper train, designed to improve overnight travel comfort and reduce journey times. Fares for this new sleeper service remain competitive compared to global rail alternatives.
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PNB Housing Finance plans to expand its corporate loan book fourfold to three thousand crore rupees by the end of March 2027. While growing this portfolio, the firm will maintain its primary focus on retail housing finance. The current corporate loan book stands at six hundred eighty nine crore rupees, representing three percent of total loans, while overall financial year loan growth guidance remains at eighteen to twenty percent.
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The Supreme Court dismissed the revenue department's special leave petition challenging an eight point five five crore rupee CENVAT credit refund granted to BlackBerry. The decision brings finality to the prolonged indirect tax dispute involving the technology firm. Legal experts note the ruling reinforces established principles surrounding cenvat credit utilization.
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