Business

The rupee rose 6 paise to 88.70 against the US dollar on Friday, supported by a weaker greenback and hopes of an India-US trade deal. FII outflows, rising crude prices, and cautious equity markets limited gains for the local currency.

Effective implementation of the tax reform will ensure equity and address the States’ revenue loss

The Seattle coffee giant will notify employees whose positions are being eliminated on September 26

Karnataka State Hotels Association says high GST on LPG cylinders and property rents prevent hoteliers from passing government GST cuts to consumers. The association urges relief on rent and fuel to make food and room tariffs more affordable

Maruti Suzuki’s INVICTO has earned a 5-star safety rating in Bharat NCAP, joining Dzire and VICTORIS in the company’s 5-star portfolio. With six airbags and NEXA/ARENA Safety Shield, safety and innovation come standard across models

Gautam Adani, at the fourth Adani Green Talks, called on young entrepreneurs to lead India’s “second freedom struggle,” focusing on social innovation, equality, and sustainable growth. He emphasized building a collaborative ecosystem for startups to transform society and inspire change

Sensex and Nifty declined in early trade on Thursday as persistent FII outflows and concerns over US H-1B visa fees pressured investors. Weak global cues added to the decline, while Brent crude fell 0.43% to USD 69.01 a barrel.

The rupee rose 15 paise to 88.60 against the US dollar amid a weaker greenback. Trade uncertainties, H-1B visa fee hikes, and US tariffs continue to weigh, while Commerce Minister Piyush Goyal holds trade talks in the US.

Rushed implementation, lack of transparency, and questionable economics are creating avoidable confusion on ethanol-blended fuel policy

Srini Gopalan's appointment comes as US President Trump signed a proclamation imposing a staggering USD 100,000 fee on new H-1B visas

The Indian rupee slipped 7 paise to 88.80 against the US dollar on Wednesday amid US tariffs and H-1B visa fee hike concerns, coupled with persistent foreign fund outflows. Sensex and Nifty also opened lower, reflecting investor risk aversion.

Sensex and Nifty opened lower on Wednesday amid foreign fund outflows and concerns over the US H-1B visa fee hike. Major laggards included Tech Mahindra and ICICI Bank, while Brent crude rose 0.28% and Asian markets were mixed.

Rising tariffs, stagnant productivity, and AI disruptions demand a Commission for Productivity and Employment Growth

While the sweeping reduction of GST rates is a welcome move, the Centre must also address the legitimate concerns of the States over the potential revenue losses

ICICI Bank will implement same-day cheque clearance from October 4, aligning with RBI’s new settlement framework. Customers depositing cheques at branches will see faster processing, with Positive Pay mandatory for high-value cheques to prevent fraud and ensure smooth dispute resolution

Japanese lender SMBC has acquired an additional 4.22 per cent stake in Yes Bank, raising its holding to 24.22 per cent and becoming the largest shareholder. The move coincides with fresh AA- ratings for Yes Bank, signalling stronger governance, capital position, and performance

The Centre is monitoring whether e-commerce platforms are passing on GST rate cut benefits on FMCG items. Field officers will submit the first report by September 30. The revised GST structure is expected to lower prices for 99 per cent of daily-use goods

TRAI on Tuesday released a draft amendment to reshape broadcasting and cable distribution norms, proposing new audit cycles, stricter compliance, and transparency measures. Public comments are invited by October 6, with the rules set to take effect from April 2026.

Andhra Pradesh CM N Chandrababu Naidu on Monday announced a month-long awareness campaign to educate people about the benefits of GST 2.0 reforms. The state will hold 65,000 meetings till Diwali, highlighting tax cuts and economic gains for households and MSMEs.

The RBI has cancelled the certificate of registration of Datta Finance and Trading Pvt Ltd for violating guidelines on outsourcing core functions in digital lending. The company will no longer operate as an NBFC following irregular lending practices

After SEBI dismissed Hindenburg’s allegations, Gautam Adani said the group will focus on innovation, transparency, and long-term growth. Operational resilience during scrutiny strengthened the company, which now aims to build a lasting legacy across energy, infrastructure, and logistics

Jio Payments Bank has launched 'Savings Pro', allowing account holders to earn up to 6.5 per cent interest on idle funds. Surplus balances above Rs 5,000 will be invested in overnight mutual funds, offering flexible redemption, transparency, and a fully digital process via the JioFinance app

Uttar Pradesh CM Yogi Adityanath praised GST 2.0 reforms in Gorakhpur, calling them a catalyst for growth. He said reduced rates will benefit farmers, students, and consumers, boosting markets and festive celebrations.

India’s next-generation GST, “GST Bachat Utsav,” was implemented, cutting taxes on over 370 items, including essentials, medicines, appliances, and toiletries. Luxury and sin goods face higher levies. The reform aims to boost consumer disposable income and inject Rs 2 lakh crore into the economy.