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The GST Council has approved major reforms to ease business compliance, like faster registration for MSMEs and automated GST refunds for exporters. It also plans to reduce GST slabs to boost consumption, benefit key sectors, and offset export losses. Some states may oppose due to expected revenue losses of around ₹50,000 crore.
Gold prices reached new highs in Dubai and Saudi Arabia, with 24K gold at Dh 426.25 and SAR 438.00 per gram. Global uncertainty and expected U.S. interest rate cuts are driving the surge. Buyers prefer lightweight designs, digital gold, and EMI options to manage rising costs. Experts advise closely watching market trends.
The GST Council may reduce tax on small cars and bikes from 28% to 18%, helping buyers and boosting sales. But luxury electric cars and high-end bikes (above 350cc) may face higher tax. This could hit brands like Tesla and Royal Enfield. The government hopes higher sales will offset revenue loss during the festive season.
Stock markets closed higher on Wednesday as metal and pharma stocks rose. Sensex gained 410 points to 80,567, and Nifty rose 134 points to 24,715. Positive GST Council talks and strong August services data boosted sentiment. Tata Steel, Hindalco led gains, while Infosys and Nestle fell. Metal and Pharma sectors outperformed.
Kinetic India approaches the GST Council and urges it to continue lowering the GST to 5% on electric vehicles. The center has proposed to reduce and change the current GST. On vehicles below 5%. The updated taxes reduce from 40% to 28% on all vehicles; if it continues, there will be a huge loss to […]
An Italian court has reduced the 1.13-billion-euro fine imposed on Amazon. In 2021, Italy’s competition authority alleged that Amazon had abused its dominant market position. Amazon appealed the decision and submitted a request for the fine to be recalculated. After considering the arguments, the court approved the reduction of the fine.
The Sensex and Nifty opened at fresh record levels in early trade on Wednesday, September 3, 2025. The Sensex started trading today at 80231.36, up at 73.48 points or 0.09%, and the Nifty was at 24616.50, up at 36.90 points or 0.15%. Meanwhile, the Indian rupee was trading today at 88.06 against the dollar.
The Walt Disney Company will pay $10 million to settle FTC allegations alleging it collected 13 years of children’s personal data. The FTC stated that Disney has violated the rules of the COPP Act. COPP is an act that describes the content to be shown to the children. It also says that they mislead the […]
Union Minister Piyush Goyal expressed optimism about finalizing the India-US bilateral trade agreement by November, despite recent geopolitical tensions and U.S. tariff hikes. Talks aim to double trade to $500 billion by 2030. Negotiations have slowed due to global issues, but Goyal remains hopeful of resolution and stronger economic ties.
Ahead of the festive season, Amazon, Flipkart, Meesho, and Myntra are set to create nearly 50 lakh job opportunities across logistics, supply chain, and customer service. Meesho leads with 1 million jobs, Flipkart with 2.2 lakh, Amazon with 1.5 lakh, and Myntra adds 11,000. Most roles are based in tier-2 to tier-4 cities.
Netflix announced new WWE Raw start times for September and October 2025, including early broadcasts from international locations like Paris and Perth. Most shows air earlier than usual due to John Cena’s farewell tour. Cena plans to retire from WWE by the end of 2025, with special events marking his exit.
RBI confirmed that Rs 2000 notes remain legal tender, though withdrawn from circulation in May 2023. As of August 31, 2025, Rs 5,956 crore worth remains unreturned—98.33% has been deposited or exchanged. Notes can be exchanged at RBI offices or sent via India Post for bank account credit across 19 designated cities.
Sensex and Nifty ended lower after early gains, dragged by banking and pharma stocks ahead of the GST Council meet and F&O expiry. Sensex fell 206 points to 80,157; Nifty dropped 45 to 24,579. Power Grid gained, while ICICI Bank and M&M slipped. Broader indices rose; Private Bank, Pharma sectors lagged.
Indian Tea Association officials are saying that Trump’s 50% tariffs on imports from India will affect them. They also said that the early import values are high compared to this year, which was a huge loss to them. The previous year their exports were around 17 million kg, now it comes to 6.26 kg. If […]
SEBI has introduced new rules for monitoring intraday positions in equity derivatives. Starting October 1, each entity can hold a net intraday position limit of ₹5,000 crore in index options, up from the end-of-day limit of ₹1,500 crore. The move follows action against Jane Street for allegedly manipulative trading practices.