[ad_1] Finance Minister Nirmala Sitharaman on Wednesday announced major Goods and Services Tax (GST) rate cuts, saying that with the two-tier tax rate system approved, the common man will benefit greatly. The GST Council approved the two-tier rate structure of 5% and 18%. The GST rate rationalisation will be implemented from September 22, according to…
[ad_1] In a major step to boost domestic supply chain resilience, the Union Cabinet on Wednesday approved a Rs 1,500 crore incentive scheme to promote recycling of e-waste and battery waste for extraction of critical minerals.The scheme, which is part of the National Critical Mineral Mission (NCMM), will run for six years from FY 2025-26…
[ad_1] The India-US trade relationship faces challenges as Trump has increased tariffs from August. (AI image) Indian companies are betting on robust demand from smaller towns and villages to counter the impact of US President Donald Trump’s 50% tariffs on India. India’s GDP grew at a 5-quarter high of 7.8% in the April-June period. Private…
[ad_1] Wall Street steadied on Wednesday as Alphabet and other technology stocks lifted sentiment, helping the S&P 500 edge higher and break its recent losing streak. The benchmark index gained 0.5% and was on track to end a two-day decline that followed its latest record high. The Nasdaq composite rose 0.8%, while the Dow Jones…
[ad_1] Reliance Jio’s upcoming stock market debut could reshape India’s telecom sector, with financial services firm CLSA calling it a “mega event” that may also trigger a rerating of Bharti Airtel. The brokerage underlined that Jio, which commands a subscriber base of over 500 million across 4G and 5G networks, holds 42 per cent market…
[ad_1] Gold rate today: Gold prices shot up by Rs 1,000 to hit a fresh all-time high of Rs 1,07,070 per 10 grams in Delhi on Wednesday, fuelled by mounting expectations of a US Federal Reserve rate cut, geopolitical tensions, and concerns over the US economy. The yellow metal of 99.9 per cent purity had…
[ad_1] File photo: Former Prime Minister Jawaharlal Nehru The iconic bungalow at Motilal Nehru Marg (earlier 17 York Road), which once served as the first official residence of former Prime Minister Jawaharlal Nehru, is set to change hands in what could be the costliest residential property deal in India.According to ET, the property is being…
[ad_1] According to Trump, the India-US bilateral trade relationship has been predominantly favourable to India. (AI image) US President Donald Trump has said that India is the ‘most tariffed nation’ in the world, reiterating his claim that New Delhi has offered a ‘no tariff’ deal. During a telephone conversation on The Scott Jennings Radio Show,…
[ad_1] Indian and Chinese companies are moving quickly to firm up joint ventures and partnerships in electronics and automobiles after the recent meeting between Prime Minister Narendra Modi and Chinese President Xi Jinping.Both leaders have pledged to improve ties, a signal that has boosted business sentiment amid US tariff pressures. China’s Xi Makes ‘Let’s Be…
[ad_1] The proposal to reduce drug costs for Americans through pharmaceutical tariffs could have unintended consequences. (AI image) US President Donald Trump is mulling tariffs on the pharmaceutical sector – as high as 200%! Trump intends to levy substantial import duties on pharmaceutical products, a sector that has largely remained unaffected by his trade policies….