Insurers will no longer be able to claim input tax credit (ITC) on Goods and Services Tax (GST) paid on commissions and brokerage for individual health and life insurance policies from September 22, the Central Board of Indirect Taxes and Customs (CBIC) clarified on Tuesday. The move comes ahead of the implementation of the new…
The world’s largest and most influential video platform wants to persuade a lot more content creators to broadcast live. Source link
The US Federal Reserve opened a key interest rate meeting on Tuesday, just hours after Donald Trump’s close aide Stephen Miran was sworn in as a governor of the central bank, while another top official, Lisa Cook, is fighting the president’s attempt to oust her.Miran, who has been a senior adviser to Trump, took the…
The lawsuit, filed by the president in federal court in Florida, claims The Times defamed him and sought to undermine his campaign in the 2024 election. Source link
US stocks stayed close to record highs on Tuesday as investors awaited the Federal Reserve’s first interest rate cut of the year, expected on Wednesday. The S&P 500 rose 0.1% from its recent peak, the Dow Jones Industrial Average gained 52 points, or 0.1%, and the Nasdaq composite was 0.1% higher as of 9:35 a.m….
India has placed its $4 billion National Critical Mineral Mission at the heart of its energy strategy, with fresh emphasis on overseas acquisitions to secure supplies of lithium, cobalt and nickel. Union Minister for Coal and Mines G Kishan Reddy said on Tuesday that state-run Khanij Bidesh India Limited (KABIL) is holding active negotiations with…
The automaker said the reductions at its factory in Cologne come on top of 4,000 job cuts across Europe that were announced last year. Source link
Gold rate today: Gold futures soared to fresh peaks on Tuesday, with expectations of an imminent US Federal Reserve rate cut and a weaker dollar driving safe-haven buying across global and domestic markets. On the Multi Commodity Exchange (MCX), October contracts jumped Rs 384, or 0.34 per cent, to a record Rs 1,10,563 per 10…
The state has led the country in adopting electric cars and reducing gas use, but it now faces much higher gas prices as oil companies plan to shut down refineries. Source link
The Reserve Bank of India (RBI) is likely to cut policy rates by 25 basis points each in October and December, bringing the terminal rate down to 5 per cent, global brokerage Morgan Stanley has projected in its latest report. The easing cycle is supported by sustained disinflation and inflation undershooting the central bank’s 4…
