The GST reform will progressively deliver a positive impact on the Indian economy by enhancing ease of doing business, lowering retail prices and strengthening consumption growth drivers, according to an article in the Reserve Bank of India’s September Bulletin.The bulletin said global uncertainty remained elevated in the wake of US tariffs on major trading partners…
The UAE-India Business Council (UIBC) has signed a series of strategic agreements to strengthen industry collaborations and expand trade and investment flows between India and the UAE.As part of three separate pacts, UIBC and the UAE-India CEPA Council (UICC) agreed to enhance institutional collaboration, ensuring greater coherence in advancing the objectives of the UAE-India Comprehensive…
Union finance Minister Nirmala Sitharaman on Wednesday launched the Goods and Services Tax Appellate Tribunal (GSTAT), positioning it as a landmark reform aimed at clearing a massive backlog of tax disputes and strengthening trust between businesses and the administration. The tribunal will begin hearing cases from December, offering what she described as “a true symbol…
US stocks showed modest gains on Wednesday as Wall Street paused after a strong rally that pushed major indexes to near record highs.The S&P 500 rose 0.1% in early trading following its first loss in four days, while the Dow Jones Industrial Average gained 152 points, or 0.3%, AP reported. The Nasdaq composite was up…
The US Treasury is in discussions with Argentina to provide a $20 billion swap line to the South American country’s central bank, Treasury Secretary Scott Bessent said Wednesday, as right-wing President Javier Milei seeks to stabilise markets ahead of upcoming midterm elections. Following the announcement, the Argentine peso gained 2.4 percent to 1,333.90 per dollar.“The…
Iran’s rial tumbled to an all-time low of 1,074,000 against the US dollar on Wednesday, just ahead of Iranian President Masoud Pezeshkian’s scheduled address at the United Nations, AP reported.The sharp decline follows Supreme Leader Ayatollah Ali Khamenei’s rejection of direct talks with the United States over Iran’s nuclear programme, limiting the scope for diplomacy…
IT stocks fell for a third consecutive day on Wednesday, as concerns over a sharp increase in US H-1B visa fees continued to weigh on investor sentiment. The BSE IT index dropped 0.69 per cent to 34,529.91.Mastek Ltd plunged 3.42 per cent, Infobeans Technologies declined 3.41 per cent, Wipro lost 2.06 per cent, Tech Mahindra…
India’s mutual fund industry continues its strong growth trajectory, scaling a fresh peak in August 2025, with assets under management (AUM) touching an all-time high of Rs 75.19 lakh crore — up 12.7% from Rs 66.7 lakh crore a year ago, according to a Franklin Templeton report.Equity-oriented schemes continue to dominate, with AUM at Rs…
PhonePe plans $1.5 billion IPO PhonePe Limited filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) late Tuesday night, taking the confidential route.The company confirmed the development and said the filings were made in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, reported ET.PhonePe…
Tata 1mg seeks $200 mn funding Tata 1mg, the online pharmacy arm of Tata Digital, is looking to raise $200 million in a fresh funding round, attracting interest from Novo Holdings, Canadian pension fund CPPIB, Permira, and Chrys Capital, according to sources familiar with the matter.The fundraising is part of a larger capital raise across…