Royal Enfield's new subsidiary brand, Flying Flea, is set to enter the world of EVs with its first prototype, the C6. The bike draws inspiration from the World War II era motorcycle of the same name and has already won the Red Dot Award for its design. It will be built on a newly developed platform and will feature modern amenities like LED lighting and a digital TFT instrument console.
Nissan Motor India and Spinny have teamed up to launch a 'Preferred Exchange Partner Platform' for Nissan dealerships in India. This will provide customers with better exchange benefits and create new business opportunities for dealers. Customers can enjoy exclusive exchange benefits on new Nissan vehicles, and Spinny's vehicle evaluation teams will be available at Nissan dealerships.
Markets off early highs, Sensex and Nifty down, small and midcaps see bigger cuts. M&M and Bajaj Finance among top gainers due to new GST rates. Ola Electric, one of the biggest losers despite lower GST rates for EVs. Vishal Megamart gets ‘Buy’ rating with potential upside of 16% due to GST reforms.
Speculation is mounting that Devendra Fadnavis, Maharashtra Deputy Chief Minister, could be the next BJP president, replacing JP Nadda. Nadda's tenure has officially ended and his term was extended to steer the party through crucial contests. Organisational elections are underway, with Fadnavis, Radha Mohan Singh, and other senior leaders being considered as possible contenders.
The government has increased the GST rates on IPL tickets to 40%, putting it at par with other events like casinos and race clubs. However, movie tickets under Rs 100 will now attract only 5% GST, down from 12%. BCCI generates over half its revenue from IPL, making it a major source of income. Movie tickets priced above Rs 100 will continue to attract 18% GST.
The GST Council has raised the tax rate on carbonated drinks to 40%, while reducing it to 5% for plant-based milk drinks. This move is part of the "NextGen GST" reforms, aiming to balance health concerns and tax rationalisation. The new rates will be effective from 22 September 2025.
The GST council has introduced a new two-tier tax slab system, ranging from 5% to 40%, to be implemented from September 22. This move was made in preparation for the upcoming festivities and to boost travel, retail, and investments. The internet was flooded with memes, and opinions were divided on the increase in sin goods tax. The new rates also aim to promote a healthier nation.
The Yamuna river in Delhi has surpassed danger levels, leading to flooding and disturbance in daily life. While the water level at Old Railway Bridge is stable, it is expected to decrease. Floodwater has entered landmark areas, and relief camps have been established. Traffic jams and diversions have been reported by Delhi Traffic Police.
VECV partners with Jio-bp pulse to enhance charging infrastructure for electric commercial vehicles in India. The MoU will give VECV customers access to Jio-bp's 6000+ charging points and promote electric truck and bus adoption. The My Eicher app will also integrate charging network discoverability. This collaboration aims to drive the shift towards zero-emission vehicles.
Motilal Oswal's latest 'Buy' calls cover various sectors, with notable tax cuts on automobiles, life and health insurance, and a promising outlook for the hospitality industry. Mahindra & Mahindra, HDFC Life Insurance, and Lemon Tree Hotels are expected to see significant gains.
The GST Council has implemented a two-tier tax system for movie tickets, reducing the rate to 5% for tickets below Rs 100. While this benefits the common man, tickets above Rs 100 will still have an 18% tax. However, the increase in GST for IPL matches and sporting events will raise costs and fund their growing popularity, causing a significant increase in ticket prices for cricket enthusiasts.
TMC takes credit for GST exemption on life and health insurance policies, claiming it as a victory for the common people and a result of persistent pressure from party supremo Mamata Banerjee. The party vows to continue challenging anti-people decisions. The GST Council has announced sweeping reforms, including rationalizing the tax structure and exempting essential goods.
ITC's share price surged 3.7% to an intra-day high of Rs 427 on the National Stock Exchange due to two key factors. The 56th GST Council meeting revamped tax slabs, benefiting the FMCG sector ahead of the festive season. Additionally, ITC plans to invest Rs 20,000 crore in the FMCG and agriculture segments.
The government has announced a reduction in GST for small cars and three-wheelers, while rates for mid-sized and large vehicles have been increased. Despite this, luxury cars would get cheaper. This is because the new GST rates at 40% have no cess. Earlier, with cess, the overall tax incidence ranged from 45-50%.
The GST council has announced new tax rates for consumer products and services, including automobiles, which will come into effect from 22 September 2025. While small cars will become more affordable, luxury cars will see a decrease in overall prices. Two-wheelers below 350cc will become cheaper, but those above 350cc will become costlier. There will be no change in the GST rate for EVs.
Hyundai has launched three new variants of the CRETA Electric and increased the battery range to 420km and 510km. The new models offer advanced technology and convenience features, making electric vehicles more appealing to customers.
BJP workers in Bihar's Gaya and Danapur protested during a five-hour bandh organized by NDA in response to derogatory comments against PM Modi's late mother. Essential services and rail operations will continue as usual. The protest was led by BJP Mahila Morcha and PM Modi condemned the remarks, stating they were an insult to all Indian women.
The GST Council has introduced a two-tier rate structure with 5%, 12%, 18%, and 40% tax slabs to benefit the common man. This will make personal care items, fitness centers, and travel cheaper, but will result in a loss of revenue. Tobacco and cigarettes will remain expensive.
The 56th GST Council meeting on 3 September introduced changes to the indirect tax system. Essential goods will have lower tax rates, while carbonated and caffeinated drinks will be taxed at 40%. This aims to maintain uniformity and discourage harmful product consumption. Cigarettes will also be taxed at 40%. The FMCG sector is expected to be impacted.
Recent global trade uncertainty is impacting Asia, with Australia, Korea, and Japan reporting slowed growth. India's GDP remains resilient, but downward revisions highlight emerging sustainability risks. Tariffs are complicating ESG reporting for Indian companies, distorting emissions figures and leading to unnecessary costs.
Finance Minister Nirmala Sitharaman's GST overhaul has brought the auto sector into focus, with tax cuts on small cars and bikes. Investors are now eyeing stocks of top companies like Maruti Suzuki, Tata Motors, M&M, and Hero MotoCorp. This change, effective from September 22, may affect pricing, demand, and product offerings.
Polymatech Electronics, a Chennai-based semiconductor company, is requesting a 10-year tax holiday and removal of import duties on machinery and raw materials from the government. The CEO emphasized the need for long-term fiscal relief rather than subsidies to support the industry. The company is also investing in a GaN chip plant in Chhattisgarh.
The Indian telecom industry is shifting towards data consumption and higher-value services, with mobile subscriber growth slowing down in July. Jio and Airtel lead in active user additions, while Vi and BSNL see declines. The focus has now shifted to data monetisation, 5G adoption, and bundled digital content offerings.
GST Council approves wide-ranging reforms to simplify tax regime and reduce burden on citizens and businesses. Two primary slabs of 5% and 18% replace four-tier structure, with essential goods moved to zero GST. 33 life-saving drugs, education items, and personal care products among those receiving tax relief. Higher brackets rationalised, with luxury goods still at 40% rate.
"India's first fully indigenous 32-bit microprocessor, Vikram-32, was presented to Prime Minister Narendra Modi by Electronics and IT minister Ashwini Vaishnaw. Developed by the Vikram Sarabhai Space Centre and fabricated at the Semiconductor Laboratory in Mohali, the chip marks a significant milestone in India's journey towards self-reliance in semiconductor technology.
Trump slams China's World War Two ceremony for ignoring U.S.'s role in Japan's defeat. Xi Jinping uses event to display military strength and alliances with Russia and North Korea. U.S.-China tensions persist, but Trump maintains friendly ties with Xi and suggests meeting. Trump's social media jab at Xi prompts Kremlin to deny any collusion.
Harvard wins legal battle against Trump administration over grant funding as judge rules in favor of university, citing violation of free speech rights. Faculty and AAUP celebrate, while White House plans to appeal. Other Ivy League schools have already reached agreements with administration.
Republican Senator Eric Schmitt of Missouri delivered a fiery speech at the National Conservatism Conference, denouncing legal immigration and the H-1B visa program for taking away American jobs. He also claimed that America belongs to its citizens and not to immigrants, and warned against the erasure of American history and traditions.
The GST Council has approved significant reforms to simplify the tax system and ease financial burden on citizens and businesses. The new structure will have two primary slabs of 5% and 18%, replacing the 12% and 28% categories. Effective from 22 September, the changes are expected to boost business sentiment and provide relief to sectors like agriculture, education, and healthcare.
JSW Cement plans to cut costs by Rs 400/tonne in 2 years through logistics optimization, renewable energy, and alternative fuels. It aims to expand capacity to 34 million tonnes by 2028 and enter North Indian market for geographic diversification and increased demand. Despite challenges, company remains confident in industry's growth potential, driven by government infrastructure spending.
SEBI chairman stressed the importance of banks strengthening their internal controls to prevent insider trading. He emphasized the need for safeguarding UPSI and timely disclosures, as weak controls are a major cause of fraud. Pandey also suggested implementing policies, a code of conduct, and training to ensure employee accountability, and warned against informal sharing of information.
Mercedes-Benz is determined to maintain its high sales numbers of 19,565 units in 2024, despite challenges from geopolitical and economic uncertainties. They are focusing on expanding into emerging markets and have already opened 11 new touchpoints, with 19 more in the works.
The GST Council has approved a major restructuring of indirect tax, reducing tax slabs to two and introducing a 40% rate for sin goods. This will benefit businesses and consumers, with lower rates for essential items and higher rates for luxury goods. The changes will take effect during the festive season and are expected to generate Rs 47,700 crore in revenue.
India's top home services provider, Urban Company, has revealed a price range of Rs 98-103 per share for its IPO, valuing the company at Rs 14,789 crore. The company has displayed impressive financial growth, reporting revenues of Rs 1,144.4 crore and a profit of Rs 239.76 crore in FY25. CEO Abhiraj Singh Bhal's focus is on expanding services and strengthening the India business.
GE Aerospace has adopted AI technology to enhance precision and uniformity in engine maintenance for narrow-body planes. They have a vast collection of AI patents and employ 100 experts in this domain. AI is also being used to create virtual models, improve predictive maintenance, and enhance safety and efficiency.
The government is providing support to exporters through ease of doing business initiatives and targeted trade support to combat the effects of increasing global tariffs. The commerce and industry minister urges exporters to improve product quality, diversify supply chains, and explore new markets.
Hansgrohe Group, a German luxury home fittings maker, plans to expand its retail presence in India by entering 200 cities and adding 50 stores each year. It aims to have 500 stores in 3-4 years and move up the global market. A new India MD has been appointed and local manufacturing may be expanded to introduce global designs.
Switzerland, as part of the European Free Trade Association, has made regulatory changes to enforce customs concessions from a trade deal with India signed in March 2024. The agreement, effective October 1, includes commitments to sustainable development and upholds international agreements.
American Bitcoin, a company supported by President Trump's sons, has joined the Nasdaq stock market through a merger with Gryphon Digital Mining. They aim to differentiate themselves in the corporate bitcoin market by using self-mining and strategic purchases. The Trump family's shift to cryptocurrency has caused controversy, but their projects have boosted the value of their crypto assets.
RCPL plans to double its distribution network to 2.5-3 million outlets across 10 states by March 2026 and reach a revenue of Rs 1 lakh crore in five years. The company's focus is on providing affordable products, investing in research and development, and expanding globally after stabilizing its distribution in India. Quality products at affordable prices will remain their top priority.
Punjab, facing floods in multiple districts, may adopt PMFBY to aid farmers. 0.4 million hectares of crops have been affected. Earlier, the state cited financial burden and strong irrigation infrastructure as reasons for not joining. Under PMFBY, farmers pay 1.5-2% premium, with Centre and states sharing the rest. Punjab had its own scheme, unlike other states.
The GST Council Meeting is set to lower rates on renewable energy products from 12% to 5%, potentially reducing costs for developers and manufacturers and promoting local manufacturing of solar cells. This could make Indian products more competitive and decrease solar power costs by 10-15%, while also aiding India's climate goals and increasing accessibility to solar installations.
Zomato and Swiggy are testing higher platform fees in certain areas, charging Rs 12 and Rs 12.70 to regular customers and members of Zomato Gold and Swiggy One. This is to see if customers are willing to pay extra during peak times. Both companies have a history of making trial hikes permanent, with fees increasing from Rs 2 to Rs 10 in the past.
The Union Cabinet has approved a Rs 1,500 crore Incentive Scheme to develop recycling capacity for critical minerals in India under the National Critical Mineral Mission (NCMM). The scheme will run for six years and aims to create 70,000 jobs and attract investments of Rs 8,000 crore by incentivizing the extraction of critical minerals from secondary sources.
Intel CEO Lip-Bu Tan is expected to visit Odisha for the ground-breaking ceremony of 3D Glass Solutions' semiconductor plant. The production of chips by SicSem is set to begin in two years, while 3DGS is looking for a date from Tan. The state government has signed pacts with two companies for electronics manufacturing projects worth Rs 2,655 crore.
Opposition-ruled states met to discuss seeking compensation for potential revenue loss due to GST slabs rejig. Some states proposed continuation of compensation cess or state-specific cess. Study shows GST hasn't improved states' revenue productivity, but Centre refutes this. Concerns about distribution of I-GST among states. Centre committed to maintaining overall tax incidence on sin goods.
Maruti Suzuki India is targeting the booming SUV market and aims to enter the premium segment. With SUVs dominating 55% of passenger vehicle sales in India, the company plans to enhance its SUV portfolio. The upcoming launch of Victoris and e-Vitara this fiscal, along with continued investments in small cars, are part of this strategy.
SBI is targeting mid-sized businesses to increase its corporate loan book, with an 18% growth in the mid-corporate portfolio. The commercial client group is driving this growth, with a focus on sectors like NBFCs, infrastructure, and power. However, credit demand from large corporates is low, and analysts predict a 12-13% credit growth in FY26.
BHEL has secured a Rs 2,600 crore order from MB Power for the supply of boiler, turbine, and generator for the Anuppur Thermal Power Project. The company also received a favourable order from the CGST Commissioner, dropping a Rs 31.2 crore tax notice. However, BHEL was penalized by BSE and NSE for failing to appoint independent directors. The company has requested a waiver on the penalty.
Punjab government declares all 23 districts as flood-hit, with over 1,200 villages submerged and 30 people killed. Chief Secretary authorizes necessary orders under Disaster Management Act, while CM and Governor visit affected areas. CM demands release of Rs 60,000 crore from Centre, while Governor demands permanent ownership rights for farmers. Rescue and relief efforts underway.
Horse Powertrain will introduce their compact and efficient C15 range extender technology at IAA Mobility, enabling OEMs to easily integrate it into their BEV platforms and create REEVs. The unit offers multiple fuel options, Euro 7 compliance, and maintains battery charge for a smooth driving experience, providing a cost-effective and sustainable solution for the increasing demand for REEVs.