The Kurnool District Consumer Disputes Redressal Commission has directed the car manufacturer and its dealer to refund the ex-showroom price of a diesel car to its owner after the vehicle was found to have developed recurring diesel particulate filter (DPF) problems. The Kurnool District Consumer Disputes Redressal Commission directed the car manufacturer and its dealer to pay the car owner Rs 10.99 lakh, which is the ex-showroom price of the vehicle.

‘System already straining’: Global oil buffers shrink amid mounting supply risks, say industry leaders
https://timesofindia.indiatimes.com/business/india-business/system-already-straining-global-oil-buffers-shrink-amid-mounting-supply-risks-say-industry-leaders/articleshow/134748674.cms

Man deposits Rs 85.3 lakh given to him as cash gifts, gets notice; ITAT gives relief
https://timesofindia.indiatimes.com/business/india-business/man-deposits-rs-85-3-lakh-received-as-cash-gifts-from-wife-relatives-income-tax-calls-it-unexplained-and-sends-notice-but-itat-chennai-accepts-gift-deeds-and-gives-relief/articleshow/134743903.cms

In one such case in Chennai, a man received cash gifts of Rs 85.03 lakh from his relatives. The Income Tax Department began making enquiries into the source of the Rs 85.03 lakh deposited by the man. The department also sent tax notices to the relatives who had given him the cash. The man eventually won relief in ITAT Chennai.

Most GST refunds may be processed within 17 days
https://timesofindia.indiatimes.com/business/india-business/most-gst-refunds-may-be-processed-within-17-days/articleshow/134752858.cms

The GST Council intends to shorten the refund processing period to around 17 days for businesses. It will also work to automate registering for a GST number to speed up the process. For small businesses operating in multiple states, avoiding repetitive registrations will be considered. Additionally, the proposal includes eliminating physical verification for registration cancellations. Changes will allow input tax credit on various business-related expenses to facilitate smoother operations.

E-way bills point to fertiliser diversion
https://timesofindia.indiatimes.com/business/india-business/e-way-bills-point-to-fertiliser-diversion/articleshow/134752896.cms

The introduction of the e-way bill has significantly improved the tracking of fertiliser movement across India. Preliminary checks during the fertiliser crisis revealed diversion of goods meant for designated locations. The government is keen to combat such activities, especially following the increased pressure on fertiliser prices. A parliamentary committee highlighted instances of leakage and unauthorized movement during transportation.

FMCG Q2: Margins under pressure
https://timesofindia.indiatimes.com/business/india-business/fmcg-q2-margins-under-pressure/articleshow/134752923.cms

Fast-moving consumer goods companies are experiencing increased commodity costs, alongside the impact of weak monsoons on consumption. Despite these challenges, companies are projecting revenue and volume growth for the quarter. However, analysts expect profitability pressures to continue, which may limit earnings surprises. Selective price hikes have negated some benefits from GST cuts in the domestic market. Overall, the outlook remains cautious as companies monitor inflationary conditions closely.

World Bank raises India's FY27 growth forecast to 7.1%
https://timesofindia.indiatimes.com/business/india-business/world-bank-raises-indias-fy27-growth-forecast-to-7-1/articleshow/134753010.cms

The World Bank has revised India's economic growth projection to 7.1% for 2026-27, up from an earlier estimate. Strong domestic demand and exports are expected to support this growth despite global challenges. The Indian economy's performance in the first quarter of the current financial year has led to upgrades from various global entities. Agricultural output may be affected by sub-par monsoons, impacting rural demand and food inflation.

Volatility triggered by CAS surges on NSE on expiry day
https://timesofindia.indiatimes.com/business/india-business/volatility-triggered-by-cas-surges-on-nse-on-expiry-day/articleshow/134753147.cms