GoM backs centre’s GST reform plans NEW DELHI: The Group of Ministers (GoM) on GST rate rationalisation accepted the Centre’s proposal to reduce the current four-slab structure to two, Bihar Deputy Chief Minister Samrat Choudhary said on Thursday. The GoM, chaired by Choudhary, endorsed the move to scrap the existing 12 and 28 per cent…
PM to launch new metro services in Kolkata NEW DELHI: Prime Minister Narendra Modi will inaugurate multiple metro projects in Kolkata on Friday (August 22).The PM, during his visit to West Bengal, will flag off a newly built 13.61-km metro corridor with services to be launched on these route.His schedule also includes green-lighting a new…
India’s economic growth beat RBI predictions in FY26 Q1 The Indian economy likely achieved a robust growth rate between 6.8 per cent and 7 per cent in the initial quarter of the current fiscal year, surpassing the Reserve Bank of India‘s projection of 6.5 per cent, according to State Bank of India (SBI) analysis.According to…
India’s oil import map has changed with Russia gaining significant ground (AI image) Russia’s increasing dominance in India’s oil imports has altered trading dynamics but the position of major suppliers from the Middle East has been mostly maintained.Iraq, Saudi Arabia and the UAE remain primary suppliers, while smaller exporters have seen their market presence shrink,…
Gold price prediction: MCX Gold has declined by 1.60% this week, indicating a continuation of the ongoing correction phase. (AI image) Gold and silver price prediction today: Gold prices have been dipping and a key support level is seen to be Rs 97,000. MCX Silver is also witnessing selling pressure. Abhilash Koikkara, Head – Forex…
Image used for representative purposes India’s Nayara Energy Ltd., facing EU sanctions, has adapted by utilizing dark-fleet tankers for transport and limiting its crude import options to maintain operations.Indian government has expressed concern about potential disruptions to oil flows affecting national energy security. They have authorised at least one coastal tanker recently to assist the…
Top stocks to buy (AI image) Top stock market recommendations: According to Aakash K Hindocha, Deputy Vice President – WM Research, Nuvama Professional Clients Group, Godawari Power and Ispat Limited, Amara Raja Energy & Mobility Ltd, and HDFC Life are the top buy calls for today. Here’s his view on Nifty, Bank Nifty and the…
CHENNAI: A little over a year after UltraTech Cement acquired India Cements, billionaire industrialist Kumar Mangalam Birla‘s building materials flagship is set to sell Rs 740 crore worth of India Cements shares to comply with Sebi’s minimum public shareholding norms. Currently, UltraTech owns 81.5% of India Cements, while the capital market regulator’s rules mandate that…
MUMBAI: Indian cricket’s latest blue-eyed boy, Shubman Gill, is the new favourite with brands. His stellar performance in the India-England Test series, both as captain and batsman, had already bolstered his brand value. Now, Gill’s selection for the Asia Cup as vice-captain will only give further impetus to his brand equity. A Gen Z with…
NEW DELHI Finance minister Nirmala Sitharaman said on Wednesday that proposed GST rate rationalisation was aimed at providing greater relief to the common man, farmers, the middle class and MSMEs, while ensuring a simplified, transparent and growth-oriented tax regime.In her address here to the group of ministers (GoM) set up by the GST Council on…
