Finance Minister Nirmala Sitharaman said excise duty on tobacco will replace the GST compensation cess, ensuring no extra tax burden. Forty-one percent of revenue will go to states, maintaining the same tax incidence while supporting state finances post-Covid
Gold prices dipped below USD 4,000 per ounce, falling 2.7 per cent from last week as easing US-China tensions and a stronger dollar weighed on demand. Despite the decline, gold remains over 50 per cent higher year-to-date, supported by central bank buying
ICICI Bank reported a 3.2 per cent rise in consolidated Q2 net profit to Rs 13,357 crore, driven by growth in core net interest income and advances. Standalone profit increased 5.2 per cent, while GNPA ratio improved to 1.58 per cent
