Business

Gold surged to Rs 1.06 lakh per 10 grams and silver crossed Rs 1.23 lakh per kg this week, driven by global uncertainty, tariffs, and investor demand for safe-haven assets

The Sep 15 deadline for filing ITRs is fast approaching, with over 4.56 crore returns already filed. Taxpayers are urged to avoid last-minute submissions to prevent inconvenience

AAP leader Arvind Kejriwal urged Prime Minister Narendra Modi to impose a 75 per cent tariff on US imports in response to Washington’s duties on Indian goods. He warned that exempting duty on US cotton would harm Indian farmers

Air India CEO Campbell Wilson said recent incidents involving the airline are proportionate to its scale, with over 1,200 daily flights. The carrier plans to let cabin crew issue e-vouchers to address service lapses while boosting transparency and customer trust

Bernstein predicts India’s consumption will get a boost from the government’s GST rate cuts. Personal care, home care, FMCG, grocery retail, footwear, apparel, and quick-service restaurants are expected to gain from the revised tax structure, which lowers GST on key items.

With reduction in GST on passenger vehicles, effective September 22, automakers slash prices across models to boost festive demand

Vedanta’s takeover of debt-ridden Jaiprakash Associates with a Rs 17,000 crore bid has raised doubts over the timely completion of the SLBC tunnel, the world’s longest irrigation tunnel, already delayed by a roof collapse and geological challenges.

JAL — with interests in real estate, cement, power, hotels and roads — has been dragged into insolvency proceedings after defaulting on payment of loans

Vem Technologies has delivered its second centre fuselage assembly for the Tejas Mk1A to HAL, strengthening India’s indigenous fighter jet programme. HAL is expected to hand over the first two Mk1A jets to the IAF in October, pending weapon trials.

Adani Power shareholders have approved a 1:5 stock split, sub-dividing each ₹10 share into five shares of ₹2 each. The move, aimed at boosting retail investor participation, raises total equity shares from 2,480 crore to 12,400 crore

The success of the GST reforms will depend on how well the States are compensated for the losses they are bound to incur

Small car prices are set to drop by up to Rs 1 lakh following the GST rate cut, offering relief to middle-class buyers and reviving demand in smaller cities. The move, welcomed by automakers, is expected to boost festive season sales

Kerala Finance Minister K N Balagopal warned that the state could lose Rs 8,000–10,000 crore annually due to GST rate rationalisation. He urged the Centre to ensure benefits reach consumers and pressed for compensation to states facing major revenue losses

The Congress on Thursday termed the GST overhaul “GST 1.5” and said the wait for a “true GST 2.0” continues. Party leaders Kharge, Chidambaram, and Ramesh demanded five more years of compensation for States, simplification of compliance, and relief for MSMEs

Auto stocks surged as the GST Council approved major reforms, cutting rates on small cars, entry-level bikes, and hybrids from 28% to 18%. Mahindra & Mahindra rose nearly 8%, while sector-wide gains lifted the BSE auto index and market sentiment

The GST Council, led by Finance Minister Nirmala Sitharaman, slashed taxes on daily essentials and packaged foods ahead of the festive season. UHT milk, paneer, parathas, biscuits, chocolates, dry fruits, and dairy products now attract lower or nil GST, boosting consumption outlook

Benchmark indices Sensex and Nifty surged sharply after the GST Council approved a major overhaul of the tax regime, lowering rates on daily-use items and insurance. Investors cheered the reform, boosting consumption outlook, though concerns over tariff issues remain

Andhra Pradesh Deputy CM Pawan Kalyan welcomed the GST reforms approved by the Council, calling them a “true Diwali gift” to the nation. Leaders including CM Chandrababu Naidu and Union Ministers Kishan Reddy and Bandi Sanjay also praised the reforms.

With the implementation of a new indirect tax system (5% and 18% slabs) essential items, from milk and dry fruits to footwear and fertilisers, will become cheaper starting September 22. Meanwhile, sin goods like tobacco and sugary drinks face a steep 40% GST, with stricter valuation norms.

In a sweeping reform, the GST Council has rationalised India's tax structure by reducing four tax slabs to two—retaining only the 5% and 18% rates. While essential items like snacks and personal care products have seen a steep drop in GST, the rates on tobacco and sugary goods have been raised to 40%.

The BFS frontline staff face a perfect storm: attrition at historic highs, stagnant wages, and rising pressures from digital shift. Time RBI created a Productivity and Attrition Task Force for them

Economists say the 56th GST Council meeting, chaired by Finance Minister Nirmala Sitharaman, may result in a significant reform of the GST structure that could simplify the tax regime and lower prices. Experts believe the changes would boost household disposable income, increase demand, and drive consumption-led growth.

The India-EFTA Trade and Economic Partnership Agreement (TEPA) will take effect on October 1, Switzerland announced. The pact commits $100 billion investment over 15 years, ensures sustainable trade provisions, and offers India improved market access for Swiss goods and services

President Donald Trump criticized the US-India trade relationship as “one-sided,” citing high Indian tariffs on American goods. While acknowledging improved ties, he defended steep US tariffs. India called the measures “unjustified,” asserting its right to protect national economic interests