Business

Firming up trade deal with the EU will be yet another demonstration of India’s strategic autonomy in matters of trade and business

Budget carrier SpiceJet, which reported a Rs 238 crore loss in the June quarter, plans to restore 10 grounded aircraft by April 2026. The airline is securing engines, overhaul slots, and lease deals to revive its operations

The Karnataka Media Academy has signed an MoU with Infosys under its CSR programme, Springboard, to train 150 journalists in digital skills, AI, and personality development. The initiative prioritises district-level and women journalists, aiming to strengthen media capacity across Karnataka

The government said GST reforms have rationalised food processing tax rates to 5 per cent, reducing compliance burden, correcting duty anomalies, and making food more affordable. The move is expected to boost demand, encourage investments, strengthen MSMEs, and create jobs across the sector

Nissan Motor India has slashed prices of its New Magnite range by up to ₹1 lakh, passing on GST cuts to customers. With entry models now under ₹6 lakh, the move aims to boost festive season sales starting September 22.

Equity benchmarks Sensex and Nifty surged in early trade on Monday, tracking positive global trends and buoyed by hopes of a US Fed rate cut and domestic GST relief. Automobiles, metals and cement stocks led gains, while select FMCG lagged.

Audi India has slashed prices by Rs 2.6–7.8 lakh across models, including Q3, Q5, Q7, Q8, A4, and A6, following the GST 2.0 rate cut. The move aims to boost festive season demand by enhancing affordability

The cost of home-cooked vegetarian thalis fell 7% and non-vegetarian thalis 8% year-on-year in August, driven by sharp declines in onion, potato, and pulse prices, a Crisil Intelligence report showed. Higher crop production and stable stocks eased household food expenses.

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