Business

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

At the Semicon India 2025 event in New Delhi, industry leaders hailed India's growing semiconductor ecosystem, citing strong government support, rising local demand, and international collaborations as key drivers. The event also saw 12 MoUs signed to boost indigenous technologies and talent development.

Apple launched its first store in Bengaluru, Apple Hebbal, the company’s third outlet in India. Customers can explore iPhone 16, MacBook Pro M4, and other latest products. The store employs 70 staff from 15 states and operates on renewable energy

The Tata group company starts sending letters of increment to employees; hike to be applicable from September

The GST Council will review proposals to cut rates on over 150 products, including food, snacks, vehicles, and education supplies. The move aims to ease household spending, expand the zero-GST list, and simplify the current four-rate structure

Finance Minister Nirmala Sitharaman said the next generation of GST reforms will simplify compliance, benefit small businesses, and boost transparency. She praised banks for improved asset quality, noted record GDP growth, low inflation, and underlined trust, technology, and transparency as guiding principles

The Reserve Bank of India has approved the reappointment of former Deputy Governor R. Gandhi as Yes Bank’s part-time chairman from September 2025 to May 2027. Gandhi, a veteran central banker with 37 years’ experience, previously served in RBI, SEBI, and IDRBT

Prime Minister Narendra Modi announced that India is entering the next phase of its Semiconductor Mission, with 10 projects worth over USD 18 billion underway. He said the DLI scheme will be revamped as India aims for a major global chip market share

Peter Navarro, Trump’s top trade adviser, criticized Indian PM Modi’s display of unity with Russia and China at the SCO summit, calling it “troublesome.” He urged India to align with the US, Europe, and Ukraine instead of supporting Russia

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