BUSINESS
Jefferies projects India to receive $50–70 billion in new inflows within the next year
The brokerage added that although foreign investor exposure at present is at multi-year lows, India still is the most compelling structural growth opportunity among the emerging markets.
GST reforms unlikely to create significant fiscal pressure on government: Report
Government estimates indicate that GST reforms would translate into a short-term annualised revenue loss of around ₹48,000 crore. But keeping in mind that overall GST collections in the previous financial year were at ₹10.6 lakh crore, the effect is still fairly contained, Crisil Ratings noted.
GST Reforms Prompt Suzuki Motorcycle to Cut Two-Wheeler Prices by Up to ₹18,000
The firm, a two-wheeler subsidiary of Suzuki Motor Corp, announced that Gixxer SF 250 would be given the biggest cut of Rs 18,024 in ex-showroom price, followed by V-Strom SX (Rs 17,982), Gixxer 250 (Rs 16,525), and Gixxer (RS 11,520).
Reduced GST Rates to Lighten Tax Load, Boost MSMEs, and Promote Formalisation: Report
For rural families, the share of exempted and merit goods in their consumption basket will go up dramatically from 56.3 per cent to 73.5 per cent. In urban families, this proportion is expected to increase from 50.5 percent to 66.2 percent.
Stock Market Extends Rally for Third Straight Day on US Fed Rate Cut and IT Sector Buying
The Sensex rose 320.25 points, or 0.39 per cent, to close at 83,013.96. Opening higher at 83,108.92 from Wednesday's close of 82,693.71, the index largely traded range-bound during the day, with IT stocks giving the major thrust.
GST Reforms May Cut Rates on 11 of the 30 Most Consumed Items: Report
These goods range from staple milk products, non-essential purchases like automobiles and beauty treatments, to rapidly expanding categories such as processed foods.
Government Official Projects India’s Share in Global GDP Growth to Hit 9% by 2035
Addressing the annual Infrastructure Conclave 2025, hosted by the National Bank for Financial Infrastructure and Development (NABFID), Nagaraju pointed out that whereas uncertainties prevail globally, India's economy keeps growing fast and is still the world's fastest-growing major economy.
PepsiCo CEO Meets PM Modi, Confirms Continued Long-Term Commitment to India
It is Laguarta's second trip to India in the last six months, and this highlights India's importance for the beverages and snacks behemoth. He is joined by the global executive committee members of PepsiCo.
Gold drops ₹612 as strong dollar and weak global cues follow Fed action
On the Multi Commodity Exchange (MCX), gold futures for delivery in October fell Rs 612, or 0.56 per cent, to Rs 1,09,210 per 10 grams. The December contract also fell Rs 566, or 0.51 per cent, settling at Rs 1,10,300 per 10 grams.
Sensex and Nifty surge on positive sentiment following US Fed rate cut
At 9:24 am, the Sensex gained 347 points, or 0.42 per cent, to 83,041, while the Nifty gained 89 points, or 0.35 per cent, to 25,419.
Don't Miss
Advertisement