BUSINESS
Bank of Baroda Labels Anil Ambani’s Reliance Communications Loan Accounts as ‘Fraudulent’
The action pertains to loans advanced prior to RCom going into the corporate insolvency resolution process (CIRP). The action adds a new dimension to the long-standing financial woes of the erstwhile telecom behemoth and its past leadership.
PM Modi on GST Reforms: India’s Middle Class Drives the Nation’s Growth Journey
Replying to a tweet by Dixon Technologies Chairman Sunil Vachani, the Prime Minister noted that the recent Goods and Services Tax (GST) reforms are aimed at reducing the prices of many household items and appliances — including TVs and air conditioners.
PM Modi Urges Promotion of Swadeshi; Calls for ‘Har Ghar Swadeshi’ Boards in Shops and Homes
In his dialogue with the National Teachers' Award winners, Modi had recommended that schools declare special days as 'Swadeshi Day' or even 'Swadeshi Week,' where students bring home-made products from home and explain the backstories behind them.
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.
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