Loading...

Top
Help
×

By creating an account you can:

Logo TaxTMI
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters 0/2000
Make Most of Text Search
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  6. Text Search
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. Text Search
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
❮❮ Hide
Default View
Expand ❯❯
Close ✕
🔎 News - Adv. Search
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text
  • Main Text
  • Main Text + AI Text
  • AI Text
Category: ?
Categorized by AI
---- All Categories ----
  • ---- All Categories ----
  • Income Tax
  • GST
  • Customs, DGFT & SEZ
  • FEMA & RBI
  • Corp. Laws, SEBI & IBC
  • PMLA, Black Money & ED
  • Budget
  • News and Press Release
  • PTI News
Month:
---- All Months ----
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ----
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
Relevance Default Date
    Rupee falls 10 paise to close at 95.29 against US dollar
    CBSE opens portal for verification, re-evaluation of board exam answer sheets
    JOY-N-CREW Vacations LLP Marks Three Years of Redefining Premium Group Travel in India
    ED searches against Vedanta Group in FEMA case
    Crafting Bharat – Season 3 launches its fourth episode featuring Vaibhav Tambe of TransBnk.
    Gross and Net GST revenue collections for the month of May, 2026
    India’s Seafood Exports Reach Record High of ₹73,890 Crore in FY 2025–26
    Accounts of the Government of India for the Financial Year 2025-2026 (Provisional/Unaudited)
    Monthly review of accounts of Government of India for April 2026 (FY 2026-27)
    Kerala banking sector posts healthy growth; CM Satheesan calls for closer collaboration
    Andhra logs best-ever May GST revenue of Rs 4,987 crore
    Court allows CBI to arrest former Reliance ADAG executive Jhunjhunwala in bank fraud case
    Rupee declines 34 paise to close at 95.19 against US dollar
    Kerala HC admits CMRL appeal against ED probe, stays action till Jun 5
    Chhattisgarh liquor 'scam': ED attaches assets worth over Rs 1,000 cr, names 4 more accused
    IDFC First Bank 'fraud': ED makes 3rd arrest in Rs 645-crore embezzlement case
    Britain's steel safeguard, carbon tax sticking points in implementation of India-UK trade pact: Sources
    India-Oman FTA comes into force; textiles, eng, gems, jewellery get duty-free access
    UK Trade Secretary Peter Kyle to visit India to ramp up FTA implementation
    Most aspects finalised in trade pact with US; talks now focus on minor issues, commas, full stops: Goyal
❯❯
Maximize Maximize Maximize
0 / 200
Expand Note
Add to Folder

No Folders have been created

+

Are you sure you want to delete "My most important" ?

NOTE:

News
Showing Results for :
Reset Filters
Results Found:
Show All Summaries Hide All Summaries
June 2, 2026
Show AI Summary
Rupee depreciation against the US dollar weighs on sentiment as crude prices, dollar strength and fund outflows pressure the market.
The rupee depreciated against the US dollar in interbank foreign exchange trading, closing lower amid rising crude oil prices, a firm dollar and foreign fund outflows. Market participants also watched the forthcoming Reserve Bank of India monetary policy meeting, while the USD/INR spot rate was expected to trade in a narrow near-term range.
June 2, 2026
Show AI Summary
Verification of answer books and re-evaluation portal opens for board exam students through a fully online process.
CBSE opened an online portal for students with scanned copies of evaluated answer books to seek verification of issues in those copies and re-evaluation of answers. The process is available only online, requires Aadhaar-based login, permits only one application each for verification and re-evaluation, and must be completed within the stated timeline. The verification facility covers missing pages, blurred pages, missing supplementary sheets, incorrect answer books and similar issues, while re-evaluation may be sought for one or more questions across subjects.
June 2, 2026
Show AI Summary
Premium group travel expansion drives curated tours, repeat customers, and Series A discussions for growth.
JOY-N-CREW Vacations LLP is a Pune-based premium group travel company founded in 2022 and expanded to seven Indian cities. It reports serving over 5,000 guests, a 78% repeat customer rate, and a travel model built around curated international tours, cultural immersion, central accommodations, doctor-on-call support, and unhurried itineraries. The company has also entered premium educational travel and says it is in advanced discussions for Series A funding to support expansion, technology development, and a broader tour portfolio.
June 2, 2026
Show AI Summary
Foreign exchange violation investigation under FEMA leads to searches at Vedanta Group premises amid regulatory scrutiny.
Enforcement Directorate initiated a foreign exchange violation investigation under the civil provisions of the Foreign Exchange Management Act against Vedanta Group and conducted searches at its premises in Delhi, Rajasthan and other locations. The company said it was extending full cooperation, providing information sought, and remaining committed to compliance with applicable laws and regulations.
June 2, 2026
Show AI Summary
Unified transaction banking is reshaping corporate finance through API-driven platforms, cloud scale, and stronger compliance controls.
Transaction banking in India is shifting toward unified, API-driven platforms that address fragmented banking systems, manual processes, and reconciliation challenges in corporate banking. The commentary links this evolution to digital infrastructure growth and highlights the role of cloud systems, AI tools, and strong compliance guardrails, including regulatory compliance, data protection standards, and certifications such as ISO and SOC2, in enabling scalable and reliable financial technology operations.
June 2, 2026
Show AI Summary
GST revenue collections showed provisional growth in May 2026, with adjusted figures reflecting the telecom spectrum one-time payment.
Gross and net GST revenue collections for May 2026 were presented as provisional figures, with break-ups for domestic revenue, import revenue, refunds and net collections under CGST, SGST and IGST. The note stated that May 2025 included a one-time telecom spectrum payment, and that adjusted growth is the better indicator of GST performance for May 2026. State-wise tables also showed SGST and IGST settlement figures and domestic GST revenue growth across States and Union Territories.
June 2, 2026
Show AI Summary
Seafood export growth: India's frozen shrimp-led shipments hit a record high as the US and China stayed top markets.
India's seafood exports reached a record high in FY 2025-26, with frozen shrimp remaining the dominant export item and contributing the largest share of export earnings and overall quantity. The United States and China continued to be the principal overseas markets, with the United States leading in value terms and China leading in quantity terms. The European Union, Southeast Asia, Japan and the Middle East also remained major export destinations, while Visakhapatnam, Jawaharlal Nehru Port Trust and Kochi were the top ports handling seafood export cargo.
June 2, 2026
Show AI Summary
Government accounts highlight revenue receipts, tax devolution to states, and expenditure composition across revenue and capital heads.
Government accounts for financial year 2025-26 were consolidated and published on a provisional, unaudited basis, showing receipts of the Union Government as net tax revenue, non-tax revenue, and non-debt capital receipts. During the period, a substantial amount was transferred to State Governments as devolution of the share of taxes, and total expenditure was recorded on both revenue and capital account, with interest payments and major subsidies forming significant components of revenue expenditure.
June 2, 2026
Show AI Summary
Government revenue and expenditure account for April 2026 highlights tax receipts, devolution to states, and major spending heads.
Government of India's monthly account for April 2026 records the consolidated receipt and expenditure position for the month. Receipts comprise tax revenue, non-tax revenue and non-debt capital receipts, with a transfer made to State Governments by way of devolution of taxes. The account also notes the corresponding expenditure split between revenue account and capital account, and identifies interest payments and major subsidies as significant components of revenue expenditure.
June 1, 2026
Show AI Summary
Banking sector growth drives priority lending, while emergency credit support scheme implementation gets expedited for eligible borrowers.
Kerala's banking sector showed strong growth in deposits, advances and priority-sector lending, with the credit-deposit ratio above the RBI benchmark. The review meeting also examined implementation of the Emergency Credit Line Guarantee Scheme and directed banks to identify eligible borrowers and deliver benefits expeditiously while supporting broader economic development.
June 1, 2026
Show AI Summary
GST revenue growth driven by AI-based compliance and data integration lifted Andhra Pradesh to its best-ever May collections.
Andhra Pradesh recorded its highest-ever May GST revenue since the introduction of GST, with strong year-on-year growth in total collections and net GST receipts despite GST 2.0 rate rationalisation measures. The revenue increase was supported by higher IGST settlement, petroleum VAT, professional tax and liquor VAT collections, along with technology-driven compliance measures. The department also expanded data integration and enforcement through AI-based analytics, scrutiny systems, UPI transaction analytics, Aadhaar integration and inter-departmental data sharing.
June 1, 2026
Show AI Summary
Bank loan misuse allegations lead to formal arrest permission and judicial custody in the ongoing fraud investigation.
CBI investigation into alleged misuse and diversion of bank loan funds in relation to Reliance Communications proceeded against a former senior executive, with the court permitting formal arrest in connection with the bank fraud case and remanding him to judicial custody in the meantime. The proceeding arose from allegations that loan funds and credit facilities sanctioned by a consortium of banks were managed and utilised in a manner that caused wrongful loss to the lending banks, while investigation against the accused remained ongoing.
June 1, 2026
Show AI Summary
Rupee depreciation reflects geopolitical tensions, crude price gains and a stronger dollar, with RBI policy now in focus.
The rupee weakened against the US dollar amid renewed geopolitical tensions, higher crude oil prices, a stronger dollar, and softer global risk sentiment. Forex traders noted intraday volatility in the interbank foreign exchange market and said the currency was under pressure from external market conditions, while any continued peace talks could limit further downside. Market attention shifted to the upcoming RBI Monetary Policy Committee meeting and the central bank's policy signal.
June 1, 2026
Show AI Summary
PMLA investigation dispute over scheduled offence timing and natural justice challenge in CMRL appeal
Appeal against a single-judge order permitting the Enforcement Directorate to continue a PMLA investigation was admitted, with no precipitative action to be taken until judgment. The dispute centres on whether a later SFIO complaint could justify an investigation that had allegedly begun before any scheduled offence existed, and whether additional affidavits filed after reservation violated natural justice. The company also challenged the ECIR, summons and related proceedings on jurisdictional grounds.
June 1, 2026
Show AI Summary
Money laundering probe in alleged Chhattisgarh liquor scam leads to major asset attachments and four fresh accused
Properties worth more than Rs 1,000 crore were provisionally attached under the Prevention of Money Laundering Act in connection with the alleged Chhattisgarh liquor scam, on the basis that the probe had identified proceeds of crime exceeding Rs 2,883 crore. The investigation alleged manipulation of the excise system through inflated procurement rates, unaccounted liquor manufacture and commission extraction through FL-10A licences. The attachment orders covered properties linked to Vikas Agrawal and alleged benami properties of Dhebar, Hotel Westinn Goa, and financial assets of three FL-10A licence-holder companies. A fresh supplementary prosecution complaint named four additional accused.
June 1, 2026
Show AI Summary
Money laundering investigation under the Prevention of Money Laundering Act turns on alleged layering and concealment of public funds.
Money laundering investigation under the Prevention of Money Laundering Act concerns alleged embezzlement of public funds from bank accounts linked to government departments and private schools. The investigation records an arrest for allegedly receiving proceeds of crime and participating in the generation, layering and concealment of laundered funds. It also alleges use of shell entities, jewellers and linked accounts to route, distribute and invest the proceeds, while the money trail and related assets are being traced.
June 1, 2026
Show AI Summary
Steel safeguard and carbon border adjustment issues are emerging as key sticking points in India-UK trade pact implementation.
India and the United Kingdom are expected to discuss Britain's steel safeguard measure and proposed carbon border adjustment mechanism as implementation issues under the bilateral trade pact. The reported concern is that UK restrictions on tariff-free steel imports and the planned carbon pricing on carbon-intensive goods have become sticking points, prompting India to consider re-balancing duty concessions, including those on Scotch whisky, if the matters are not addressed.
June 1, 2026
Show AI Summary
Duty-free market access expands under India-Oman trade pact, boosting exports, services commitments and skilled professional mobility.
Duty-free market access under the India-Oman Comprehensive Economic Partnership Agreement has come into force, granting duty-free entry for 99.38 per cent of India's exports by value and covering textiles, engineering products, gems and jewellery, pharmaceuticals and electronics. The arrangement also provides quota-based tariff concessions on selected Omani exports to India, while India has withheld concessions in several sensitive sectors. The pact further expands services commitments and skilled-professional mobility, and contemplates future discussions on social security continuity. Pharmaceutical access is reinforced through binding zero-duty treatment and streamlined marketing authorisation conditions.
June 1, 2026
Show AI Summary
Trade liberalisation and market access drive India-UK FTA implementation talks in New Delhi.
UK Business and Trade Secretary Peter Kyle is scheduled to visit New Delhi to accelerate implementation of the India-UK Comprehensive Economic and Trade Agreement and bring the bilateral Free Trade Agreement into force as quickly as possible. The visit is intended to advance the modern economic partnership, support businesses and consumers, and prepare industry for the agreement's entry into force through wider trade opportunities and tariff liberalisation.
June 1, 2026
Show AI Summary
Bilateral trade agreement talks focus on final drafting, tariff recalibration, and broader market access negotiations.
India and the United States have largely finalised the first phase of their bilateral trade agreement, with remaining discussions focused on drafting details, legal wording, and adjustments needed to reflect changes in the US tariff environment. The two sides are working toward completion of the interim agreement and then broader negotiations on market access, non-tariff measures, customs and trade facilitation, investment promotion, and economic security alignment. The framework contemplates tariff reductions and expanded Indian purchases of US goods, while current talks may recalibrate the framework in light of changed tariff measures and Section 301 developments.

News

Back

All News

Showing Results for :
Reset Filters
No Records Found

News

Back

All News

Showing Results for : Reset Filters
Customs & Trade

Unimech Aerospace rebounds from a tariff-hit year; order book triples to ~Rs. 314 crore as scale becomes its competitive moat

June 12, 2026

Contents
Summary
Note

Note

-

Bookmark

Print

Print

Bengaluru, 12 June 2026: Unimech Aerospace & Manufacturing Ltd., a Bengaluru-based high precision engineering solutions provider, has returned to growth after a year of temporary disruption in global customer ordering. Its consolidated order book has tripled to approximately ₹314 crore as of 26 May, 2026, from about ₹100 crore a year earlier, and the fourth quarter marked a decisive turn.
Through much of FY26, a wave of CY2025 tariff measures, baseline US duties, and reciprocal tariffs, led global buyers to pause and defer orders. For FY26, Unimech’s total revenue stood at ₹287.5 crore. EBITDA of ₹75.1 crore and PAT of ₹63.3 crore moderated largely by design: the company front-loaded investment in capacity, capability and talent to build ahead of the recovery.


For Q4 FY26, total revenue rose to ₹96.6 crore, up 116% sequentially and 23% year-on-year; EBITDA recovered to ₹35.2 crore from ₹1.5 crore in Q3 FY26, and PAT to ₹26.1 crore from ₹2.4 crore in Q3 FY26. More than 200 first-article qualifications completed during the year, some of which are now converting into production. Collectively, the current order book, provides strong revenue visibility over the next 12 months and beyond.
Unimech’s advantage rests on a deeply integrated manufacturing and qualification platform — spanning nearly 6,000 SKUs, a qualification engine that approved over 200 first articles last year and is targeting a meaningful scale-up in FY27, and a manufacturing footprint exceeding 600,000 sq. ft. Each qualified part strengthens Unimech’s integration within customer supply chains, gradually increasing switching costs over time. In precision engineering, particularly within aerospace, energy and high-spec industrial applications, supplier qualification is a long and rigorous process involving process validation, repeatability checks, documentation standards and customer approvals. Once a supplier is qualified and embedded into an OEM or Tier-1 programme, replacement becomes both time-consuming and operationally expensive.


As seen with some of India’s strongest precision-engineering suppliers, durable competitive advantages are not built purely on production volume, but on the breadth of qualified capabilities, process reliability and customer embedment. Every additional approved component expands the company’s relevance within existing programmes while opening adjacencies across platforms and customers. Over time, this creates a compounding moat driven by qualification depth, engineering credibility and execution consistency rather than scale alone.


The acquisition of Hobel Bellows was also aligned with Unimech’s long-term growth and capability strategy. The transaction strengthens the group’s manufacturing depth and engineering capabilities, enabling Unimech to offer larger and more integrated solution packages to customers while increasing wallet share across existing relationships. The acquisition also enhances the company’s positioning in high-precision and critical application segments, where customers increasingly prefer integrated suppliers with broader manufacturing capabilities. Additionally, during the year, the company received about ₹87 crore of nuclear orders tied to the Tarapur and Madras stations, positioning Unimech for India’s Nuclear Energy Mission target of 100 GW by 2047 (from under 9 GW currently).


Building on the capabilities, Unimech’s associate entity Dheya Engineering Technologies is developing indigenous micro gas turbine engines under the Make in India initiative, strengthening its position in advanced propulsion technologies. Unimech’s exclusive manufacturing partnership for several of these offerings creates meaningful long-term opportunities for Unimech in advanced propulsion and defence applications.


The company is also expanding its international footprint through a joint venture with the Yusuf Bin Ahmed Kanoo Group in Saudi Arabia. Phase I of the project, involving a planned investment of US$30 million, is already underway, with investment approvals secured and facility finalisation and machine procurement activities initiated. The platform is expected to emerge as an important long-term growth driver for the company.


Unimech enters FY27 against a supportive backdrop, as global manufacturers accelerate sourcing from India, with utilisation expected to substantially improve from its current 50% levels over the next 30 to 36 months.


About Unimech Aerospace and Manufacturing Limited
Unimech Aerospace and Manufacturing Limited (BSE: 544322 | NSE: UNIMECH) is an advanced precision engineering platform founded in 2016, and headquartered in Bengaluru, serving global customers across aerospace, defence, energy, oil & gas and semiconductors. Operating from in excess of 600,000 sq. ft. AS9100-certified facility with 150+ CNC machines, Unimech delivers complex build-to-print components, assemblies and engineered sub-systems with micron-level precision. Recent initiatives include the proposed acquisition of Hobel Bellows and a strategic joint venture in Saudi Arabia with YBA Kanoo. The Company is certified to AS9100, ISO 9001:2015, and ISO 45001, reflecting its commitment to quality, safety and compliance for globally regulated industries.


For more information, visit www.unimechaerospace.com.


(Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR

Topics

Acts Income Tax