Savings Effect

May 2025 GST Revenue included Rs. ~10,000 crore of one-time payment made by a telecom operator for spectrum allocation. Domestic May 2025 figures reflect this base effect, with no such one-time payment in May 2026. Goods sector taxable supply grew +26.9% in April 2026-27, with positive growth recorded across all 27 commodity groups, confirming the breadth and durability of domestic demand Services sector taxable supply grew +22.2% in April 2026-27, with every major service category registering positive growth, demonstrating structural resilience in domestic consumption

IMPORT IGST SURGES 20.2% IN MAY 2026, SIGNALING STRONG INDUSTRIAL MOMENTUM • Import IGST collections rose 20.2% YoY to ₹60,166 crore in May 2026 from ₹50,070 crore, making it the strongest contributor to overall tax revenue growth. • Growth was driven primarily by imports of industrial raw materials, intermediate goods, and energy inputs, indicating robust manufacturing activity and capacity utilization.

INDIA MAY TOTAL GST COLLECTIONS AT INR 1.942 TLN, UP 3.2% ON YEAR

NMDC: HOPE TO MINE 0.75-1 MLN TN COAL FROM CAPTIVE MINE IN Q2 || EXPECT GREATER PROFIT FROM NMDC STEEL THIS YEAR

A new Airbnb report finds that 87% of Indian Gen Z travelers prefer short trips and weekend breaks over long vacations, with 7 in 10 opting for three short trips over one long annual holiday.

ANTONY WASTE HANDLING CELL LIMITED: CO. ANCHORS 20% CAGR GROWTH GUIDANCE OVER THE NEXT FIVE YEARS

ANTONY WASTE HANDLING CELL LIMITED: CO. DECLARES MAIDEN 10% DIVIDEND IN SILVER JUBILEE YEAR; RECORD ORDER BOOK OF ₹18,000 CRORE; TOTAL MSW MANAGED GROWS 15% TO 5.69 MILLION TONNES IN FY26

OLA ELECTRIC: MAY TOTAL SALES 15,139 UNITS VS 12,323 UNITS (YOY)

H.G. INFRA ENGINEERING LTD: CO. RECEIVES APPOINTED DATE FROM NATIONAL HIGHWAYS AUTHORITIES FOR VARNASI-RANCHI-KOLKATA HIGHWAY PROJECT; PROJECT COST ₹1303.11 CR; LENGTH 35.6 KM; CONSTRUCTION PERIOD 730 DAYS; APPOINTED DATE MAY 30, 2026

GPT INFRA: LOOKING TO ACHIEVE ADDITIONAL ORDER OF 3000 CR IN FY27 - ETNOW

SUPRAJIT ENGINEERING LIMITED: CO. SECURES MULTIPLE NEW CONTRACTS WORTH USD 12 MILLION/YEAR IN MAY 2026; INCLUDES LARGEST-EVER EV CABLE CONTRACT WITH NORTH AMERICAN AUTO MAJOR WORTH USD 5.25 MILLION/YEAR; CUSTOMER RECOGNITIONS INCLUDE GM AND M&M AWARDS; NEW ADVANCED TESTING FACILITY INAUGURATED.

SUPRAJIT ENGINEERING LIMITED: CO. SECURES MULTIPLE NEW CONTRACTS WORTH USD 12 MILLION/YEAR IN MAY 2026; INCLUDES LARGEST-EVER EV CABLE CONTRACT WITH NORTH AMERICAN AUTO MAJOR WORTH USD 5.25 MILLION/YEAR; CUSTOMER RECOGNITIONS INCLUDE GM AND M&M AWARDS; NEW ADVANCED TESTING FACILITY INAUGURATED.

TATA TECHNOLOGIES: CO SECURES SAP PARTNEREDGE SELL AUTHORISATION, HELPS STRENGTHEN ENTERPRISE AND AI-LED TRANSFORMATION CAPABILITIES

India holds third spot in global Schengen visa demand, rejection rate rises to 15.8% At the country level, Slovenia recorded the highest rejection rate for Indian applicants at 46.5%.

Trump on Truth social Iran really wants to make a deal, and it will be a good one for the U.S.A. and those that are with us. But don’t the Dumocrats, and various seemingly unpatriotic Republicans, understand that it is MUCH tougher for me to properly do my job and negotiate, when political hacks keep negatively “chirping,” at levels never seen before, over and over again, that I should move faster, or move slower, or go to war, or not go to war, or whatever. Just sit back and relax, it will all work out well in the end - It always does! President DJT

PURAVANKARA LTD: CO. SIGNS JDA FOR 11.23-ACRE LAND PARCEL IN NORTH BENGALURU WITH POTENTIAL GDV OF ₹1,100 CRORE; PROJECT TO HAVE DEVELOPABLE AREA OF ~0.74 MSFT; FY26 SALES REACHED ₹7,407 CRORE, UP 55% Y-O-Y.

INDIA PMI MFG ACTUAL: 55.0 VS 54.3 PREVIOUS

SUPRIYA LIFESCIENCE: CO SAYS CROSSING 1000 CR REVENUE IN FY27: INTERVIEW

Lipulekh is once again in the news after Nepal's new Prime Minister, Balendra Shah, said on Sunday, May 31, that he learned of his country “encroaching” on territories in India as he took questions on the decades-old dispute with India. Speaking on the disputed locations, including Lipulekh, Shah informed Parliament that a diplomatic note has been sent to India over “encroachment” of territories.

India's largest state-run ​refiner and fuel ​retailer, Indian ‌Oil Corporation, has raised the price of a 19 kilogram commercial LPG cylinder for industrial clients ‌by ₹42 to ₹3,113.50 from ₹3,071.5.