England lost the ongoing ODI series against South Africa, dropping to 8th place in the rankings. To directly qualify for the 2027 ODI World Cup, a top-8 finish is essential. Continued poor performance could push them into the qualifiers. Such a scenario would be a major humiliation for a team with England’s cricketing legacy.
Indian domestic stock markets closed flat today and will reopen on Monday, September 8. On the Bombay Stock Exchange (BSE), the Sensex dipped 7.25 points to end at 80,710.76, while the NSE Nifty-50 gained 6.70 points to close at 24,741.00. Meanwhile, the Indian rupee traded at 88.17 against the US dollar.
The new GST slab structure, reducing four slabs to two effective rates of 5% and 18%, plus a 40% rate for sin or luxury goods—will be implemented across India starting September 22, 2025, coinciding with Navratri. Most goods and services will transition then, though tobacco and related items will await a later rollout.
The rupee gained 1 paisa to settle at 88.11 against the US dollar in early trade, supported by a weaker greenback and falling global crude oil prices. However, consistent foreign institutional investor (FII) outflows limited further appreciation of the currency, according to forex traders monitoring the market’s mixed signals.
The Sensex and Nifty opened at fresh record levels in early trade on Friday, September 5, 2025. The Sensex started trading today at 80915.30, up at 197.29 points or 0.20%, and the Nifty was at 24797.35, up at 63.10 points or 0.12%. Meanwhile, the Indian rupee was trading today at 88.18 against the dollar.
The e-commerce giants Amazon and Flipkart have announced the dates of the upcoming biggest sale of the year on September 23. Customers can avail the discount prices on a wide range of products like phones, laptops, TVs, home appliances and others. Customers can get additional discounts by using credit cards, no-cost EMI and exchange offers.
Zomato and Swiggy users may see higher bills as GST Council now imposes 18% GST on delivery fees. Earlier treated as pass-through, these charges are now taxable under Section 9(5) of the CGST Act. Platforms may either absorb the cost or pass it to customers, potentially affecting demand or profitability.
Sensex rose 150.30 points to close at 80,718.01 after hitting an intraday high of 81,456.67. Nifty gained 19.25 points to end at 24,734.30, after peaking at 24,980.75. Auto and FMCG sectors led gains post-GST reform announcements. However, Nifty Midcap 100 fell 0.67%, and SmallCap 100 declined 0.71%, reflecting broader market weakness.
The GST Council has raised tax on oil and gas exploration services from 12% to 18%, effective September 22. This will increase production costs, with no input tax credit benefit, hurting margins and potentially stalling projects. Experts warn of reduced competitiveness, especially for coal-bed methane, amid falling global oil prices and weaker upstream returns.
The Central government has reduced GST on insurance policies to zero, meeting long-standing public demands to lower it from 18% or 12%. This major reform will benefit policyholders across various categories, including ULIP plans, term plans, health insurance, and general insurance. The move aims to make insurance more affordable to all citizens.
Here is the full list of items and products, which are taxed at a 12% GST rate across the country. ★Butter, ★Ghee, ★Processed food, ★Almonds, ★Mobiles, ★Fruit Juice, ★Preparations of Vegetables, ★Fruits, ★Nuts or other parts of Plants, including Pickle Murabba, ★Chutney, ★Jam, ★Jelly, ★Packed Coconut Water, ★Umbrella.
Here is the full list of items and products, which are taxed at a 0% GST rate across the country. ★Milk, ★Kajal, ★Eggs, ★Educational Services, ★Curd, ★Lassi, ★Health Services, ★Children’s Books, ★Foodgrains, ★Atta/Maida, ★Paneer, ★Gur, ★Besan, ★Natural Honey, ★Fresh Vegetables, ★Salt, ★Prasad, ★Palmyra Jaggery, ★Phool Bhari Jhadoo.
The Sensex and Nifty opened at fresh record levels in early trade on Thursday, September 4, 2025. The Sensex started trading today at 81127.36, up at 560.18 points or 0.70%, and the Nifty was at 24865.55, up at 151.30 points or 0.62%. Meanwhile, the Indian rupee was trading today at 88.08 against the dollar.