India’s net direct tax collection so far in FY26 has reached ₹12.92 lakh crore, up 7% year-on-year, according to official data from the Central Board of Direct Taxes. The rise reflects strong compliance and robust corporate and salaried segment performance. Government expenditure plans remain intact, supporting fiscal stability. 

The improved tax momentum provides greater flexibility for infrastructure and social-welfare spending, although economists caution that tax buoyancy needs to be sustained and matched with actual growth performance in key sectors.

Bengaluru-based SaaS company Capillary Technologies has fixed its initial public offering (IPO) size at ₹877.50 crore, with the issue opening on 14 November and closing on 18 November. The price band is set at ₹549 to ₹577 per share. The issue comprises a fresh share offering worth ₹345 crore and offer-for-sale of ₹532.5 crore. The company, which provides AI-based loyalty and customer-engagement solutions, has reserved 75% for QIBs, 15% for NIIs and 10% for retail investors. 

The listing is expected around 21 November.