The Centre has proposed exempting individual life and health insurance policies from GST, Bihar Deputy Chief Minister and convenor of the Group of Ministers (GoM) on insurance Samrat Choudhary said on Wednesday. At present, insurance premiums attract 18% GST.“The Centre’s proposal is clear that the individual insurance policies should be exempt from GST. This has…
Chinese internet major Baidu reported a fall in quarterly revenue on Wednesday, hit by sluggish domestic consumption even as the company ramped up its artificial intelligence drive and overseas robotaxi ambitions.Baidu posted revenue of 32.7 billion yuan ($4.56 billion) in the April-June quarter, a 4% year-on-year decline, according to its filing with the Hong Kong…
Infosys bonus distribution covered employees at levels 4, 5 and 6, comprising the majority of the organisation’s 323,000 workforce. Infosys, India’s second largest IT services firm, has distributed performance bonus letters to qualifying staff members for the April-June (Q1FY2025-26) quarter. The IT giant is paying out a significantly higher average bonus compared to the previous…
China’s exports of rare earth magnets bounced back strongly in July, climbing to a six-month high and signalling that trade flows of the critical minerals essential for electric vehicles have returned to levels seen before Beijing tightened export controls.Data released by the General Administration of Customs on Wednesday showed that exports from the world’s largest…
NEW DELHI: Chandigarh Police’s Cyber Crime unit arrested a 34-year-old man from Mumbai for allegedly defrauding a city resident of Rs1.3 crore through an elaborate WhatsApp impersonation scam. The accused, identified as Joshua Oscar Nevis, allegedly posed as the victim’s employer and tricked him into transferring the money. Fraud via WhatsApp Impersonation According to officials,…
Online Gaming Bill tabled in Lok Sabha The Online Gaming Bill was tabled in the Lok Sabha, after being cleared by cabinet, on Wednesday, with the government describing it as a move that “strikes a balanced path—encouraging innovation and youth engagement through safe and positive online gaming, while firmly prohibiting harmful online money games.”Titled the…
Uday Kotak emphasised that the Indian government needs to provide “direct fiscal support” to enhance small businesses. Uday Kotak, the billionaire Indian banking figure, has urged Prime Minister Narendra Modi’s government to enhance fiscal assistance for small and medium enterprises, highlighting concerns about the impact of Donald Trump administration’s tariffs on the Indian economy.The founder…
Gold demand in India improved slightly last week as a price pullback lifted buying interest among consumers. (AI image) Gold price prediction today:Gold rates are stuck in a range, feel analysts, Maneesh Sharma, AVP – Commodities & Currencies, Anand Rathi Shares and Stock Brokers shares his views and recommendations for gold investors:Gold prices which rose…
India intends to secure approximately 10% share of worldwide green hydrogen demand, projected to surpass 100 million metric tonnes by 2030, according to Shripad Naik, minister of state for power and new and renewable energy, speaking on Tuesday. Under the National Green Hydrogen Mission, Substantial progress has been achieved towards production goals, with 19 companies…
Unemployment on rise in Washington (AI-image) US capitol Washington DC maintained the nation’s highest seasonally adjusted unemployment rate for three consecutive months, according to recent Bureau of Labour Statistics data released on Tuesday.The District’s July unemployment rate reached 6%, primarily due to extensive federal workforce reductions implemented by President Donald Trump‘s Department of Government Efficiency….
