The current Goods and Services Tax framework consists of four tiers: 5, 12, 18 and 28 per cent. (AI image) GST rate cuts coming soon! The Goods and Services Tax (GST) Council will meet for a two-day session starting September 3, as per the notice issued. The meeting comes within days of PM Narendra Modi…
Markets regulator Sebi chairman Tuhin Kanta Pandey on Friday cautioned the mutual fund industry that beyond market-linked investment risks, operational risks such as fraudulent redemptions by impersonators pose a growing threat to investor confidence.Speaking at an event organised by the Association of Mutual Funds in India (Amfi), Pandey stressed the need for heightened vigilance, urging…
The government has already committed about Rs 62,900 crore — nearly 97 per cent of the Rs 65,000 crore earmarked for semiconductor manufacturing incentives — leaving room only for a handful of smaller projects, a top official said on Friday.Electronics and IT Secretary S Krishnan, while briefing on the upcoming Semicon India 2025 event, said…
Infrastructure policies and other elements essential for critical communication in the country are being developed rapidly, Telecom Regulatory Authority of India (Trai) Chairman A K Lahoti said on Friday.Speaking at the Broadband India Forum (BIF) event on critical communications, Lahoti said the regulator has given a series of recommendations to the government to strengthen critical…
India’s white-collar job market is expected to see strong momentum in the latter half of 2025, with nearly 72% of employers planning workforce expansion through net new job creation, according to Naukri’s bi-annual Hiring Outlook report released on Friday.The report, based on inputs from 1,300 employers across sectors, said hiring sentiment remains upbeat, with 94%…
Wall Street powered higher on Friday after Federal Reserve Chair Jerome Powell signalled that interest rate cuts could be approaching, though he stopped short of offering a clear timeline. The rally came as investors and President Donald Trump kept up pressure for lower borrowing costs, which they believe would provide a boost to the economy…
Market regulator Sebi on Friday cautioned investors about fraudulent trading schemes being circulated on social media and mobile apps that falsely claim to offer stock market access through foreign portfolio investors (FPIs).In a cautionary statement, Sebi said such schemes are illegal and not endorsed by the regulator, PTI reported. It urged investors to be alert…
NEW DELHI: Tata’s full service Air India managed to cut its losses by almost a quarter while the low cost (LCC) AI Express saw its losses more than triple in the first fiscal (FY 25) of the salt-to-satellite conglomerate consolidating its airline business.AIX Connect (erstwhile AirAsia India) was merged into AI Express last Oct. The…
The Reserve Bank of India’s central board on Friday took stock of the evolving global and domestic economic landscape, including geopolitical risks and financial market trends, during its 618th meeting held in Lucknow.The meeting, chaired by RBI Governor Sanjay Malhotra, also reviewed the performance of select central office departments, various board committees, and the Ombudsman…
Bajaj Auto experienced temporary delivery restrictions due to international component availability issues in recent weeks. (AI image) Bajaj Auto announced on Friday the restoration of its Chetak electric scooter deliveries to all dealerships, following the resolution of supply limitations caused by worldwide rare earth magnet shortages.China’s restrictions on rare earth magnets have been affecting India’s…
