BUSINESS
PM Modi: GST 2.0 to Drive Growth, Next-Gen Reforms to Continue
Addressing the winners of the National Teachers' Awards, Modi reminded them of his Independence Day address in which he had committed to a "double dhamaka" of reforms during Diwali and Chhath. Making the announcement, he said that the new, simpler GST regime would be implemented on September 22, marking the first day of Navratri.
GST Windfall Triggers Market Rally; Sensex Soars by Nearly 900 Points
The BSE Sensex jumped 888.96 points in morning trade to reach 81,456.67, while the NSE Nifty rose 265.7 points to 24,980.75. Investor sentiment was boosted by the Council's move to reduce the number of slabs in GST, which is likely to reduce costs on a number of everyday items.
India's Service Sector Hits 15-Year Growth Peak in August, PMI Shows
HSBC's India Services Purchasing Managers' Index (PMI), as put together by S&P Global, rose to 62.9 during August from 60.5 in July. (Above 50 represents growth, below 50 indicates decline.)
Top Investor Mark Mobius Says China Unable to Outpace India’s Growth
Mobius underscored that in spite of short-term volatility and US tariffs on Indian imports, factors such as robust domestic demand, the government's reform initiatives, and the resilience of Indian businessmen will enable India to continue its advantage over other emerging economies. The investor has invested close to 20 per cent of his portfolio in India.
India’s Services Trade Surplus to Reach Record $205–207 Billion in FY26: Report
The nation's current account deficit (CAD) narrowed sharply to $2.4 billion (0.2 per cent of GDP) in Q1 FY26, much better than the $8.6 billion deficit (0.9 per cent of GDP) of Q1 FY25.
UPI hits record high in August due to festive demand and policy changes: Report
The India Narrative report pointed out that pre-festival demand fueled a 34 per cent year-on-year and a 3 per cent month-on-month growth in UPI transactions in August.
India’s Plan to Construct 1 Million Homes in Australia Could Become the Largest Housing Partnership in History
Goyal clarified that the project's scale requires international cooperation, and contacts have already been made with the UAE to look into financial support.
GST Reforms Will Boost Transparency and Support Small Businesses: FM Sitharaman
Addressing the 120th Foundation Day of City Union Bank in Tamil Nadu, the Finance Minister said that Prime Minister Narendra Modi has established a task force for the reforms, which is mandated with streamlining regulations, reducing compliance costs and developing a more nurturing environment for startups and MSMEs.
India Engaging with US on Bilateral Trade Agreement: Piyush Goyal
Speaking at an industry chamber conference, Goyal stated, “We are in dialogue with the US for a bilateral trade agreement (BTA),” after the Trump administration's 50 percent tariffs on India, with a 25 percent retaliatory tariff associated with Russian oil imports.
BSE Alerts Investors to Four Unregistered Firms Peddling Stock Tips and Seeking Sensitive Information
The organizations—Money Talks with Payal, NSE Stock Pro, PTS Prabhat Trading, and PTS Prabhat Trading Service—are said to be operating on Telegram and Instagram, providing stock market tips or guaranteed returns on investment, as per an official announcement.
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