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

The Closing Auction Session faced volatility as weekly derivatives contracts expired in Indian markets. Nifty surged over 300 points and then dropped significantly while Sensex also fluctuated. This market movement occurred due to falling Brent crude oil prices and global market cues. Investors remained cautious ahead of the RBI policy decision on inflation and potential tightening.

4G mobiles make a comeback on costlier 5G smartphones
https://timesofindia.indiatimes.com/business/india-business/4g-mobiles-make-a-comeback-on-costlier-5g-smartphones/articleshow/134753200.cms

India is experiencing a noticeable slowdown in the shift to 5G smartphones due to rising costs. As a result, the demand for 4G devices is increasing, especially in the Rs 10,000-20,000 segment. More smartphone brands are now offering 4G models as consumers seek better specifications without the 5G price tag. Analysts indicate that this shift to 4G may persist as component costs remain high.

Cabinet OKs 10,000 crore SME growth fund
https://timesofindia.indiatimes.com/business/india-business/cabinet-oks-10000-crore-sme-growth-fund/articleshow/134753423.cms