When Mariam Naficy poured $2.5 million raised from friends and family into Minted, sales never took off. Instead of quitting, she rethought the company’s approach and leaned into a single “hunch” about what customers would actually buy. The result: a turnaround that fueled rapid growth and now drives about $300 million in annual revenue.
Heineken’s India operations recorded modest, low single digit revenue growth in the March quarter of 2026. While the overall picture stayed muted, premium beer delivered strong gains, reflecting the company’s push to expand its premium portfolio. It also introduced a new variant aimed at mainstream drinkers, though updated accounting policies muddled volume reporting.
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India is weighing GST rate rationalisation to simplify the current four-slab structure, with talks that may consolidate rates and even remove the 12% slab. Officials must, however, balance lower tax burdens on essentials with the need to protect revenue collection. The final design will depend on how much simplification is feasible without triggering shortfalls.
GST collection for October clocked in at about Rs 1.51 lakh crore, marking the second-highest monthly figure since the implementation of the Goods and Services Tax. The finance ministry had anticipated collections would finally surpass the Rs 1.5-lakh-crore threshold in October, and the results landed just above that mark.
India’s GST collections surged 26% in September, reaching over Rs 1.47 lakh crore, the finance ministry said. The monthly mop-up has stayed above Rs 1.40 lakh crore for seven consecutive months, signaling sustained tax collections amid the ongoing push to grow compliance and stabilize revenues.
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