Group of ministers on GST to meet next week

NEW DELHI: Amid discussions for reduction of GST for many products, a group of ministers from states, headed by Bihar deputy CM Samrat Chaudhary, will meet next week. Several members of GoM, especially those from the Opposition, had suggested maintaining status quo on slabs and rates, citing possible adverse impact on revenue, but govt has…

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‘Operating at a healthy run rate’: EU-sanctioned Nayara Energy in talks with government & partners, vows to maintain refinery stability

Russian oil major Rosneft-backed Nayara Energy Ltd is engaging with the Indian government and trade partners to ensure smooth transactions and maintain operational stability at its Vadinar refinery in Gujarat, which has been impacted by European Union sanctions.The company, included in the EU’s 18th sanctions package on Russia over the Ukraine conflict, has faced challenges…

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Trump sees a ‘dead economy’ – but US-based S&P Global upgrades India’s credit rating – here’s why

S&P has said that the impact of US tariffs is not likely to be extensive on India’s economy. S&P Global, the US-based credit ratings agency, has upgraded India’s rating to ‘BBB’ from ‘BBB-) citing several positive factors in favour of the world’s fifth largest economy. S&P’s confidence in India’s growth story comes at a time…

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Vodafone Idea Q1 results: Loss widens to Rs 6,608 crore on higher finance cost, revenue up 5% as ARPU rises 15% YoY

Debt-laden Vodafone Idea reported a consolidated net loss of Rs 6,608 crore for the quarter ended June 30, 2025, widening from Rs 6,426.7 crore a year earlier, as higher finance costs weighed on earnings.Revenue from operations rose about 5% to Rs 11,022.5 crore in the April–June period, compared with Rs 10,508.3 crore in the same…

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Trade data: India’s exports rise 7.29% to $37.24 billion in July, imports grow 8.6% to $64.59 billion

India’s merchandise exports touched $37.24 billion in July, marking a 7.29% increase from $34.71 billion a year earlier, according to government data released Thursday. The trade deficit for the month came in at $27.35 billion.Imports rose 8.6% year-on-year to $64.59 billion in July, PTI reportedCumulatively, in April–July 2025-26, exports grew 3.07% to $149.2 billion, while…

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