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BloombergQuint | Latest and Live Business, Market, Political and Economy News - Economy
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President Murmu’s New BMW Import Sparks GST Exemption Talk
In a development for India's highest office, the President of India will soon be travelling in a new BMW, replacing the long-serving Mercedes-Benz S600 Pullman Limousine. The new vehicle, valued at approximately Rs 3.66 crore and this decision is part of a periodic upgrade of the presidential fleet. Recognising the nature of this import for a constitutional office, the fitment committee of the GST Council proposed an ad hoc exemption from the IGST and compensation cess.
Consumer Durables Stocks PG Electroplast, Voltas, Havells, Dixon Tech Trade Higher After GST Cut
GST Reforms: UBS, for instance, has a direct positive view on the GST changes, noting that the increased affordability will directly benefit companies like Voltas and Havells. Similarly, Macquarie has taken a bullish stance on the sector, initiating an 'outperform' rating on several companies including Kaynes, Avalon, Syrma SGS, Dixon, and Amber, while maintaining a 'neutral' rating on Cyient DLM.
Export Lobby Seeks Rupee At 103 Per Dollar To Offset US Tariffs
Indian exporters said they will lobby the central bank to allow them to temporarily convert proceeds from their US business at a rupee rate that’s 15% lower than current levels, to help cushion the blow from President Donald Trump’s punitive tariffs.
Jammu And Kashmir: Jhelum River Crosses Danger Mark, Dal Lake Dwellers Asked To Take Precautions
Authorities in Kashmir on Thursday issued an advisory to people living in houseboats on the Dal Lake to take precautionary measures in case water from the River Jhelum needs to be diverted to the water body. The water level in River Jhelum has crossed the danger mark of 21 feet.
Happy Teachers' Day 2025: Wishes, Quotes, Images And Messages To Share With Your Teachers
Every year, Teachers’ Day is celebrated across India on Sept. 5 to honour the contribution of teachers to society. The day is an occasion to recognise the role of teachers, educationists, scholars and mentors in nation-building. The special occasion also marks the birth anniversary of renowned scholar, philosopher and former President of India, Dr. Sarvepalli Radhakrishnan.
'GST Now Means 'Garib Saves Tax'': Memes, Reactions Pour In After Rate Cuts
Finance Minister Nirmala Sitharaman’s announcement of a reduction in Goods and Services Tax (GST) rates on Wednesday has set off a flurry of responses online. The reactions on social media ranged from political comments to memes and demands for improved tracking.
GST Reforms: Madhusudhan Kela Calls It A Landmark Event And Expects More Reforms
In an exclusive conversation with NDTV Profit, Madhusudhan Kela, Founder of MK Ventures, has said the GST reforms marks a landmark moment for the country and could go a long way in boosting consumption. "This is a landmark move for the country and has a significant impact for boosting demand," said Kela, who lauded the government's efforts to boost liquidity and consumption in the country.
PUBG Mobile 4.0 Update: New Theme, Modes, Weapons, How To Download On Apple App Store, Google Play Store
The PUBG Mobile 4.0 update has been released for download, bringing an array of new features, Halloween-themed events, and improvements. The main attraction of the PUBG Mobile 4.0 update is the Spooky Soiree mode, a Halloween-themed event that includes enchanting locations such as the Magic Mirror Castle and other enthralling setups. Here's a look at new theme, modes, weapons, and how to download on Apple App Store and Google Play Store.
Maharashtra Increases Working Hours For Pvt Sector To 10 Hours, Triggers Backlash On Social Media
The Maharashtra cabinet on Sept. 3 approved the proposed amendment of labour laws paving the way for increasing the maximum daily working hours for private sector employees from the present nine to 10 hours. However, the employer will have to give overtime compensation for the extra hour. The move triggered a debate online and led to widespread criticism on social media.
GST 2.0 Reform Boosts Markets and Business Sentiment; Sensex Hits Record High - Read Motilal Oswal Report
Key stock beneficiaries: Given the wide-ranging effect of the measures, many domestic-focused stocks are likely to benefit. Some of the key names include: Maruti, M&M, Ashok Leyland, HUL, Britannia, Varun Beverages, Ultratech, JK Cement, Havells, Voltas, Amber, Metro, Trent, LemonTree, Indian Hotels, Niva Bupa, HDFC Life, IGL, Acme Solar, Suzlon, Swiggy, Delhivery, ICICI Bank, HDFC Bank, Bajaj Finance, Shriram Finance.
Stock Market Stock Market LIVE: Nifty, Sensex Pare Most Gains As RIL, Infosys Shares Drag
Good afternoon, welcome to NDTV Profit's blog for live market coverage. The NSE Nifty 50 and BSE Sensex pared most gains as Reliance Industries Ltd. and Infosys Ltd. share prices weighed. The initial euphoria for GST reforms boosting demands faded as traders likely have booked profits in the second half of the session. Bajaj Finance Ltd., and Trent Ltd. were top gainers in the Nifty 50 inde. Eicher Motors, Mochip Technologies hit record high in Thursday's session.
Id-E-Milad 2025 Holiday: Are Banks Open Or Closed On Sept. 5? Details Here
Banks in several parts of the country will remain closed on Sept. 5 on account of Id-E-Milad and regional festivals like Thiruvonam in Kerala. According to the Reserve Bank of India’s (RBI) holiday calendar, banks will remain closed in Gujarat, Mizoram, Maharashtra, Karnataka, Madhya Pradesh, Tamil Nadu, Uttarakhand, Telangana, Manipur, Jammu and Kashmir, Uttar Pradesh, Kerala, New Delhi, Jharkhand and Andhra Pradesh.
Chapati vs Pizza: How Will GST Rate Cuts Affect Your Fast Food Cravings?
The sweeping changes to GST rates introduced by the GST Council is set to take effect from September 22 and is expected to significantly reduce your bill, next time you go to your favourite cafe or restaurant. That is because GST 2.0 takes great effort in reducing the rate for most fast food items, including chapati, pasta and even pizza.
Nifty Metals Index Rallies As CLSA Says 'Worst Looks Behind'; Vedanta, Hindalco Among Top Picks
Amid a largely flat trading day, Nifty Metal has emerged as the top-performing sector, led by strong gains in Lloyds Metals, Welspun Corp and Nalco, among others. The Nifty Metal index is trading with gains of almost 1.5%. Lloyds Metals is the top-gaining stock within the Nifty Metal index, with gains of more than 2.6%. Hindustan Copper and Welspun Corp have also showcased similar gains in trade today.
Coldplay Kiss Cam To Nestle: CEOs Get Derailed By Office Romance
The fraternity of corporate chiefs ousted over an office romance just added a new member. Nestlé SA CEO Laurent Freixe lost his job this week after an investigation found he had had an undisclosed romantic relationship with a subordinate. Freixe is not alone. Whether it’s exposed via social media or by a whistleblower, C-Suite dalliances continue to cause turmoil atop some of the world’s biggest companies, raising the question of whether internal corporate alarm systems are working — or not.
Stock Market LIVE: Nifty, Sensex Rangebound After Tepid Open; Tata Steel, Cipla, JSW Steel Top Gainers
Good morning, Welcome to NDTV Profit's blog for real-time market coverage. The NSE Nifty 50 and BSE Sensex were stuck in a narrow range after a tepid open. Most market participants remained on the sidelines awaiting details on rate rationalisation from the GST Council meeting. The NSE Nifty Bank erased losses from previous session. The NSE Nifty Metal index was leading gains as Tata Steel and JSW Steel shares led. CG Power and Industrial Solutions and Ola Electric Mobility share prices rose.
‘Velcro And Tape Everywhere’: Shubhanshu Shukla Shows How Astronauts Dine In Zero Gravity
In an Instagram video, Shukla demonstrates how even something as ordinary as a meal turns into a complex task in space. “Eating and drinking in space is a real challenge,” he says, offering a view of his dining table aboard the ISS. Unlike on Earth, nothing stays put— spoons, bottles and even drops of coffee drift unless secured.
Punjab Floods Live Updates: Over 1,400 Villages Submerged, Rescue Operations Underway
Punjab Floods Live Updates: Punjab is reeling through devastating floods due to the swollen Sutlej, Beas, and Ravi rivers and seasonal rivulets. This was also followed by heavy rainfall in catchment areas across Himachal Pradesh and Jammu and Kashmir. As per reports, the state is facing its worst floods since 1988.
Zomato Under Fire Over Platform Fee Hike: ‘Platform Fee Will Cost More Than The Food Itself’
Food delivery platform Zomato has drawn sharp criticism from customers following its latest platform fee hike. The company’s decision to increase the platform fee by 20% from Rs 10 to Rs 12 per order has triggered backlash on social media. The timing of the hike coincides with rising demand in the days leading up to the festive season. Irked netizens took to social media to vent about the fee hike and what they felt was lack of transparency in pricing policies.
Delhi-NCR Rains Live Updates: National Capital Records Wettest Aug, Gurugram Waterlogged
Delhi-NCR Rains Live Updates: Delhi has breached 1,000 mm of rainfall for the season as rain continues to lash the national capital and its surrounding areas including Noida and Gurugram. The national capital had already crossed its annual average rainfall mark of 774 mm last month.
Sandhar Technologies Eyes 20% Revenue Growth In FY26, Bets Big On Two-Wheeler Smart Locks
Sandhar Technologies, a leading automotive components manufacturer, is on a trajectory to achieve double-digit Ebitda margins by the end of the current financial year, according to its Chairman, Managing Director (MD) and CEO Jayant Davar. “At the closure of this particular year, we will have a 50 basis points improvement in margin, which will be in double digits for sure and a safe double digit in that sense,” he said during a conversation with NDTV Profit.
Gmail Security Warning To 2.5 Billion Users ‘False,’ But Phishers Always Looking To Target Inboxes, Says Google
Google has refuted assertions regarding an “emergency warning” being sent to all Gmail users recently. In a blog post, the tech major asserted that “Gmail’s protections are strong and effective” and allegations of a security breach are “entirely false.”
Rs 10,000 SIP vs Rs 10 Lakh Lump Sum: Which Route Makes You Crorepati Sooner?
Mutual funds are gaining popularity among investors due to the flexibility and higher returns compared to traditional investment instruments. In terms of amount and tenure, mutual funds offer enormous options. Investors can choose a Systematic Investment Plan (SIP) or a lump-sum investment as per the amount in hand and financial goals. But if you are looking forward to accumulating your first Rs 1 crore, let’s see which investment mode via mutual funds could be more rewarding.
MOIL Share Price Jumps Over 6% Following Record Production In August
MOIL Share Price: Shares of MOIL surged over 6% in trade after the company achieved record August production during the month of August. The company reported a record 17% output growth in August at 1.45 lakh tonne year on year. The sales also reported a 25% uptick at 1.13 lakh tonne year on year. During the April to August period, the performance of the company has seen growth in various segments.
Got Big Inheritance From Your Grandparents? Here’s How To Manage It Wisely
In India, it is common for grandparents to pass on their wealth to grandchildren. When you receive a huge amount of money or valuable assets, it’s natural to feel overwhelmed. Once you get past the initial sense of awe, it is important to consider how this corpus can pave the way for your financial security.