Health and term insurance premiums could become more affordable if the Goods and Services Tax (GST) Council clears a rate cut during its two-day meeting that began Wednesday, but insurers may face near-term profitability pressures, according to a report by HSBC Securities and Capital Markets (India).At present, health and term insurance products attract an 18%…
German foreign minister Johann Wadephul with commerce minister Piyush Goyal (Picture credit: X/@PiyushGoyal) India and Germany on Wednesday reaffirmed their commitment to deepen economic and strategic cooperation, with discussions covering trade, innovation, defence and security during German foreign minister Johann Wadephul’s two-day visit to the country.Commerce minister Piyush Goyal co-chaired a meeting in the capital…
NEW DELHI: The govt expects businesses to pass on the benefit of lower goods and services tax (GST) to consumers and the states and the Central Board of Indirect Taxes (CBIC) and Customs will engage with industry on the issue. “…last time, industry had passed on the benefits of rate cuts and you would have…
Citi has appointed banking veteran Kaustubh Kulkarni as co-head of its Investment Banking Coverage for Japan, Asia North and Australia, and Asia South, according to an internal memo seen by Reuters.Kulkarni, who will join in December subject to regulatory approvals, will be based in Singapore and serve alongside current head Jan Metzger. Both will report…
Representative image (Picture credit: ANI) India’s benchmark 10-year government bond yield is expected to remain in the 6.50-6.60 per cent band during September, according to a report released by Bank of Baroda.The report highlighted that the announcement of the second-half borrowing calendar will be a key factor, as the allocation of securities across maturity buckets…
The Czech government on Wednesday approved a plan by the defence ministry to acquire 44 Leopard 2A8 battle tanks from Germany in a deal worth more than 34 billion koruna ($1.6 billion). The acquisition is part of Prague’s sweeping military modernisation programme amid Russia’s war against Ukraine.Defence Minister Jana Černochová said the tanks would be…
NEW DELHI: There is good news for buyers of top consumer segments such as small cars, two-wheelers under 350cc, ACs, TVs (over 32’inches) and dishwashers. The GST Council has cut the GST rates on the products from 28% to 18%, which will see significant cuts in consumer prices.Finance Minister Nirmala Sitharaman said that the decision…
In a major step to boost domestic supply chain resilience, the Union Cabinet on Wednesday approved a Rs 1,500 crore incentive scheme to promote recycling of e-waste and battery waste for extraction of critical minerals.The scheme, which is part of the National Critical Mineral Mission (NCMM), will run for six years from FY 2025-26 to…
The National Stock Exchange (NSE) has appointed Injeti Srinivas, former chairman of the International Financial Services Centres Authority (IFSCA), as a Public Interest Director on its board, the exchange disclosed on its website.Sources told PTI that Srinivas may also be in line for the post of NSE chairman, subject to approval from the Securities and…
The India-US trade relationship faces challenges as Trump has increased tariffs from August. (AI image) Indian companies are betting on robust demand from smaller towns and villages to counter the impact of US President Donald Trump’s 50% tariffs on India. India’s GDP grew at a 5-quarter high of 7.8% in the April-June period. Private consumption…