Trump and Putin held a private meeting in Alaska to address the Russia-Ukraine crisis, but the outcome was not disclosed. The summit ended abruptly without any agreement or opportunity for questions. The media was surprised by Putin's dominance and Trump's apparent reluctance to appear weak.
The recent tax cuts by the GST Council have been well-received by Corporate India, as it is expected to boost domestic demand and provide relief to households. These reforms, after eight years of GST's introduction, are seen as a game-changing move that will accelerate growth and empower consumers. The reduction of GST rates in essential categories is expected to increase accessibility.
Kaynes Semicon, the semiconductor subsidiary of Kaynes Technology, is set to deliver its first chip from its outsourced semiconductor assembly and testing (OSAT) facility in Sanand, Gujarat, by October. The company expects to break even within 18 months and is eyeing a public listing once revenues cross $100 million.
The recent reduction in GST rates before state elections is being exaggerated for political gain. However, India's rates are already low compared to other countries and the tax-GDP ratio is lower. The previous tax system was more complex, and rate cuts have mostly benefited top corporations. The belief that lower prices will increase demand and offset revenue loss is unlikely in the economy.
Several states and cities in India will have bank closures on September 5 for Eid-e-Milad un-Nabi and Onam festivals, and on September 8 in Maharashtra. The Reserve Bank of India has declared no transactions and settlements on September 8, with postponed settlements on September 9. Other bank holidays in September include September 6, 12, 22, 23, 29, and 30, varying by state and region.
The recent GST rate cuts are projected to cause a yearly deficit of Rs 10,664 crore in IGST on imports, as per GTRI. While certain products will have higher IGST rates, the overall aim is to reduce costs, control inflation, and promote local production and investments. The government is hopeful that the move will have positive effects on the economy.
The Indian government's plan to reduce GST on renewable energy devices and equipment from 12% to 5% is expected to have significant benefits. It will decrease project costs, speed up clean energy capacity growth, and lead to lower tariffs for discoms. This change is also expected to make solar and wind power projects more appealing to discoms and end users.
Millionaires may have different morning routines, but they all prioritize their physical and mental well-being. From early morning workouts to setting daily goals and practicing mindfulness, these intentional habits control their productivity and motivation. While some wake up as early as 3:45 AM, others start their day at 6:30 AM.
The recent increase in GST on oil and gas EDP contracts is expected to negatively affect upstream operations and increase production costs. However, the removal of compensation cess on coal will benefit the thermal power sector and potentially lead to lower tariffs for consumers. This could pose a challenge to the government's efforts to boost domestic oil production.
Maruti Suzuki India chairman RC Bhargava believes that the recent GST reduction on small cars will have a major impact on the industry. Popular models like Alto and Wagon R are expected to see a drop in prices, leading to significant savings for buyers. This, along with other factors like lower income tax and inflation, is expected to boost demand and revive the struggling small car market.
Bajaj Allianz General Insurance's CEO, Tapan Singhel, expects policyholders to benefit from the complete passing on of GST rationalisation, resulting in an 18% decrease in premiums. This will make insurance more accessible, potentially increasing demand. While there may be initial hesitation, the long-term impact is expected to be positive, with improved affordability.
HMIL has launched the Hyundai CRETA Electric Knight, i20 Knight, and ALCAZAR Knight as part of their Knight lineup for the upcoming festive season. These models boast striking black designs and luxurious features such as black alloy wheels, red brake calipers, and brass color inserts in the black interiors. The CRETA Electric Knight offers two battery pack options.
TVS Motor Company has launched the Ntorq 150 in India, available in two variants with a starting price of Rs 1.19 lakh. It offers a sleek design inspired by a stealth aircraft, with advanced connectivity and safety features. The scooter also boasts a full-TFT instrument panel and over 50 connected features. It is powered by a 149.7cc engine and can reach a top speed of 104 kmph.
India Post Payments Bank, launched 8 years ago, has revolutionized financial inclusion in the country. With over 1.65 lakh post offices and services in 13 languages, it has reached 12 crore customers, mostly from rural India. The bank offers digital savings accounts and cross-border remittances, and has been praised by India's leadership for empowering rural communities.
The recent GST rate overhaul in India is set to stimulate consumption and drive economic reforms. The upcoming festive season is expected to witness increased buying due to lower tax slabs for everyday goods, automobiles, and household essentials. The auto sector, FMCG, consumer durables, and retail sectors are expected to benefit from this change.
The recent reduction in GST rates for solar modules and cells is expected to drive growth in the renewable power sector in India. This move will make solar power more affordable and competitive, leading to an increase in demand for solar players and developers. While there may be some initial challenges, this policy change is crucial for India's efforts towards achieving its green energy targets.
After a decade, The Great Indian Kapil Show returns on Netflix with Kiku Sharda still on the team despite rumours of quitting. He has also finished shooting for upcoming episodes and will appear on a new reality series, competing with the show. Archana Puran Singh is also confirmed to stay on the show.
Gunther Fehlinger-Jahn, an Austrian economist and activist, caused controversy by suggesting the breakup of India into smaller parts, including a separate Sikh homeland. He also referred to Prime Minister Modi as a "Russian man" and shared a map depicting northern Indian states as part of Khalistan.
Mercedes-Benz dominates the Indian luxury car market with a diverse range of vehicles. Their AMG division, known for their experience in Formula One, has added the AMG CLE 53 Coupe to their lineup. This performance grand tourer boasts a stunning design, luxurious interior, and impressive adaptive dynamics that provide both comfort and agility on the road.
The Singhola Flyover on NH-44 in Delhi was closed due to a pothole caused by heavy rain. Commuters are advised to take alternate routes and use the Metro to avoid delays. The Yamuna river is at a dangerous level and expected to rise. This event emphasizes the need for repairs to Delhi's road infrastructure.
India's new consumer tax reform has lowered levies on items under $29, but raised them to 18% for luxury apparel. This has caused concern for global fashion brands like Zara and Levi Strauss, as well as domestic garment makers. The tax hike could also impact the wedding industry and lead to decreased sales for premium brands.
Shahid Kapoor's debut film, Ishq Vishk, brought fame to all its characters, including Vishal Malhotra's Mambo. However, a fallout with the producer left Malhotra unemployed for two years. He turned to business for financial stability but remains recognized for his on-screen roles and as the face of Harpic's ad campaign, providing him with economic security.
The GST Council has implemented a two-rate structure, exempting health and life insurance from GST. Tax rates have been lowered in various categories, benefiting FMCG, fertilisers, agriculture, and medical equipment. While the government predicts a revenue loss of Rs 48,000 crore, experts believe the increase in consumption will balance it out.
India's big GST revamp, set to take effect on September 22, is expected to boost consumption and offset the negative impact of higher US tariffs. Experts predict a 100-120 bps increase in GDP growth over the next 4-6 quarters, while traders and businesses are expected to benefit from higher volumes.
The government's recent GST rate revision has sparked concerns about fiscal sustainability and its impact on consumption. While most categories have seen a reduction in rates, the newly announced 40% category has some surprising inclusions. The FMCG sector, agricultural products, fertilisers, equipment, cement, and the auto industry are expected to benefit greatly.
Motilal Oswal hails the new GST rate overhaul as a boost to consumer sentiment and growth, with a manageable fiscal impact. The simplification of the complex four-tier rate structure to a two-tier structure and focus on ease of doing business will benefit sectors like automobiles, consumer durables, cement, and insurance. Top stocks to benefit include Maruti, HUL, Ultratech Cement, and others.
Anti-immigration rallies in Australia saw politicians and neo-nazis joining. An Indian immigrant spoke out against immigration, but was booed and had the mic taken by a violent person. Netizens had mixed reactions, questioning why he was allowed to speak. Government figures show a decline in immigration, despite claims of record high numbers.
Indian stock market sees a positive surge as GST Council announces tax changes. However, gaming, defence, and IT industries face challenges. Delta Corp and Nazara Technologies suffer losses due to high GST on casinos and online betting. Defence and IT stocks, except for TCS, witness a decline in prices despite GST rationalisation.
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.