India's economic momentum remains intact despite a somewhat erratic monsoon, and real GDP growth of 6.5-7 per cent projected in the Economic Survey seems appropriate, a finance ministry report said on Thursday.

According to the Monthly Economic Review for July, the Indian economy has sustained its momentum in the first four months of FY25.

Kalpataru Projects International Ltd on Thursday said it has received a tax notice from the GST Authority.

The authority has demanded tax and penalty for the financial year 2019-20 on grounds of excess claim of Input Tax Credit, the company said in an exchange filing.

"The authority has demanded to pay an aggregate tax amount of Rs 10.50 lakh and a penalty of Rs 1.50 lakh. The authority has also proposed to levy interest as applicable," the filing said.

Swiss-Indian agri-tech platform Innoterra on Thursday announced the expansion of its subsidiary MilkLane's Aayush cattle feed business, launching two new premium products and outlining plans for nationwide growth.

The company introduced Aayush Supreme and Aayush Vardhan, containing 22 per cent and 24 per cent crude protein respectively, aimed at the premium segment of the cattle feed market.

Reserve Bank Deputy Governor Swaminathan J has asked financial institutions to adopt a more sensitive and empathetic approach towards MSMEs, and deploy supportive measures like restructuring options for loans, to support the sector which plays a key role in the economy.

In a speech at the Annual Day of the Foreign Exchange Dealers Association of India (FEDAI) in Mumbai, the deputy governor said MSMEs face challenges like access to affordable finance, delayed payments, infrastructure bottlenecks, and requirements of compliance, among others.

TVS Motor Company (TVSM) today launched the all new TVS Jupiter 110. The scooter will be available at an ex-showroom starting price of ₹73,700.

Ahead of the GST Council meeting on September 9, the Group of Ministers (GoM) on GST rate rationalisation will meet on Thursday, officials said.

The GoM has been tasked with suggesting the required rate rationalisation and correction of inverted duty structure with an objective of simplifying the rate structure, reviewing the GST exemption list and enhancing revenues from Goods and Services Tax (GST).

Newly-listed Ola Electric has laid out a roadmap to profitability banking on higher volume, vertical integration of supply chain and in-house produced cells, while it has shelved plans to make electric car, according to company founder and CMD Bhavish Aggarwal.

The company, which forayed into the electric motorcycle segment last week, will build products that Indians need, which are by a vast majority two-wheelers and three-wheelers, he said in an interaction with PTI editors at the agency's headquarters here.

IT major Cognizant announced the appointment of Rajesh Varrier as global head of operations and India Chairman and Managing Director following the resignation of Rajesh Nambiar, who is set to take over as Nasscom president.

Nasscom, in a separate release, announced the appointment of Nambiar as its president designate, succeeding Debjani Ghosh upon the completion of her term in November 2024. Notably, Nambiar has been member of the Nasscom Executive Council before being elected as the chairperson in 2023. Nasscom highlighted that his leadership and strategic initiatives have been instrumental in positioning India’s tech sector as a global leader.

Telecom regulator TRAI has recommended the introduction of a new experimental authorisation for spectrum in 95 GHz to 3 THz range.

The purpose of 'Tera Hertz Experimental Authorisation' or THEA should be to promote Research and Development (R&D), indoor and outdoor testing, technology trial, experimentation, and demonstration in the 95 GHz to 3 THz range, the regulator said in its recommendations on the 'Tera Hertz Spectrum'.