VinFast has suspended plans to manufacture three electric vehicles in India and ordered suppliers to halt work on the projects while it reassesses costs, according to two sources and a company memo reviewed by ​Reuters - a year after the Vietnamese automaker entered a crucial growth market.

Unified Payments Interface (UPI) monthly transactions in August hit a record 24.51 billion, worth ₹29.82 trillion, according to data shared by the National Payments Corporation of India (NPCI) on Tuesday.

Transaction volume rose 3.6 per cent compared with July, while value declined 0.2 per cent. August was the second consecutive month of record volume for UPI, following 23.66 billion transactions (worth ₹29.88 trillion) in July.

India’s gross goods and services tax (GST) collections jumped 14.8 per cent year-on-year to nearly ₹2 trillion in August, data released by the Ministry of Finance on Tuesday showed. However, collections were lower sequentially than the ₹2.11 trillion recorded in July.

Growth in import-related GST collections continued to outpace domestic revenue during the month.

The Supreme Court on Monday refused to pass orders on a plea seeking prohibition on a protest march the Cockroach Janata Party has called on September 5, saying it expects everybody will act and behave in a peaceful and lawful manner.

A bench comprising Chief Justice Surya Kant and Justices Joymalya Bagchi and V Mohana asked the petitioner to submit his petition to the High Powered Enquiry Committee.

Tamil Nadu Chief Minister C Joseph Vijay on Monday announced major policy decisions regarding a further hike in Aavin milk procurement price for dairy farmers, and also unveiled a multi-crore infrastructure push spanning power, semiconductors, and logistics.

Announcing further increase in the Aavin-milk procurement prices, aimed at providing a crucial relief for the dairy farmers across the state.

Prime Minister Narendra Modi on Monday met Iranian President Masoud Pezeshkian on Monday on the sidelines of the Shanghai Cooperation Organisation (SCO) summit, which is being held in Kyrgyzstan's Bishkek.

The meeting took place as leaders gathered for the SCO summit, which is scheduled to discuss regional and international issues and ways to strengthen cooperation among member states.

The Supreme Court on Monday refused to entertain a PIL seeking a directive to the Centre and others to ensure mandatory and uniform labelling on every dispensing nozzle at petrol pumps, disclosing the exact percentage of ethanol in petrol.

A bench of Justices MM Sundresh and PB Varale said it is not going to entertain the PIL under Article 32 (right to approach Supreme Court directly) and the petitioner Narendra Kumar Goswami can approach the jurisdictional high court for relief.

The GST 2.0 gave impetus not only to the automobile industry but to several sectors of the Indian economy, which continues to do well despite the impact of the West Asia war, Maruti Suzuki India Chairman RC Bhargava said, adding the tax reform provided the necessary buffer to navigate this uncertain period.

The death toll from the flash floods in Nepal rose to 903 on Monday, while the number of people reported missing climbed to 4,250. According to the National Disaster Risk Reduction and Management Authority (NDRRMA), around 9,500 people have been rescued so far.

The Supreme Court is scheduled to hear a petition on August 31 seeking a directive to the Centre and others to ensure mandatory and uniform labelling on every dispensing nozzle at petrol pumps, disclosing the exact percentage of ethanol in petrol.

According to the apex court's causelist of August 31, the plea would come up for hearing before a bench comprising Justices M M Sundresh and Prasanna B Varale.

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