Business
-
GST Council begins work to rejig tax rates; Oppn states seek revenue protection
New Delhi: The work to overhaul the tangled goods and services tax (GST) began on Wednesday, September 3, as the government looks to cut the tax rate on common-use items, ranging from…
-
GST Council meet on rate reform begins
New Delhi: The 56th meeting of the GST Council, chaired by Finance Minister Nirmala Sitharaman and comprising state ministers, on Wednesday started deliberations on ‘next-gen GST’ reforms, which will lower tax rates…
-
Trump’s tariffs are headed to the US Supreme Court, prolonging the chaos on trade
Brisbane: Trading partners of the United States are facing a fresh period of uncertainty after a US federal appeals court ruled President Donald Trump’s “reciprocal” tariffs were illegal. In a 7-4 majority,…
-
Sensex, Nifty open marginally higher ahead of key GST meet
Mumbai: The Indian benchmark indices opened marginally higher on Tuesday as investors are keen on the two-day GST Council meeting this week, where a major rate overhaul is expected. As of 9.26…
-
Rupee falls 6 paise to 88.16 against US dollar in early trade
Mumbai: The rupee depreciated 6 paise to 88.16 against the US dollar in early trade on Tuesday, weighed down by persistent foreign fund outflows and dollar demand. Forex traders said on Monday,…
-
Rs 1 cr accidental death cover for Railway staff with SBI accounts
New Delhi: The Indian Railways on Monday signed a Memorandum of Understanding (MoU) with State Bank of India to provide significant insurance cover for its employees and their families, an official statement…
-
SpiceJet fined Rs 55K after single burger deemed ‘inadequate’ in 14-hr delay
Mumbai: A District Consumer Disputes Redressal Commission has directed SpiceJet to pay Rs 55,000 to a passenger after observing that a “single burger and fries” were “inadequate arrangement” for a 14-hour flight…
-
GST revenue rises 6.5 pc to Rs 1.86 lakh cr in August
New Delhi: GST collection in August rose 6.5 percent to over Rs 1.86 lakh crore with increased domestic sales, and the upcoming festive season is likely to swell the kitty going forward.…
-
Sensex gains 335 points, Nifty above 24,500 as IT stocks lead rally
Mumbai: The Indian benchmark indices opened the week on a higher note on Monday, as IT and public sector bank stocks led the rally in the early trade. Market sentiment was buoyed…
-
Commercial LPG cylinder’s price reduced by Rs 51.50, effective Sep 1
New Delhi: Oil marketing companies (OMCs) on Sunday said that the price of commercial LPG gas cylinders will be reduced by by Rs 51.50, effective September 1. Following the revision, a 19-kg…
-
India set to finalise Rs 1 lakh crore submarine deals by next year
New Delhi: India is likely to seal two mega submarine deals worth over Rs 1 lakh crore by the middle of next year to crank up its undersea warfare capabilities against the…
-
Modi’s first China visit in 7 yrs: Talks with Xi focus on trade, stability
Tianjin: Prime Minister Narendra Modi and Chinese President Xi Jinping on Sunday held bilateral talks against the backdrop of Washington’s tariff tussle that has impacted almost all leading economies across the world.…
-
India becomes Ukraine’s top diesel supplier amid US tariffs over Russian crude
New Delhi: India has become Ukraine’s largest diesel supplier, despite facing a 50 per cent tariff from the US, according to a report on Saturday. The report comes as the US alleges…
-
Rupee hits record low of Rs 88.09 as US tariffs, fund outflows weigh
Mumbai: The rupee breached the 88-mark for the first time and closed at an all-time low of 88.09 against the US dollar on Friday, registering a sharp decline of 51 paise amid…
-
India growth forecast held at 6.3–6.8 pc despite steep US tariff risks
New Delhi: Chief Economic Advisor V Anantha Nageswaran on Friday exuded confidence that the Indian economy will grow at 6.3-6.8 per cent in the current fiscal as proposed GST rate cut is…
