India’s goods and services tax (GST) revenues rose 9.1% year-on-year to Rs 1.89 lakh crore in September, Reuters reported citing government data.In August, Gross GST collections had stood at Rs 1.86 lakh crore, reflecting a 6.5% rise from Rs 1.75 lakh crore in the same month last year. Net collections for August were Rs 1.67 […]
100% tariff on foreign films: Will Trump’s move hit Indian Cinema? Here’s all you need to know
President Donald Trump‘s move to impose a 100% tariff on films made outside the United States is expected to severely dent revenues of Indian films in the American market, according to industry experts.Earlier announcing the measure on social media, Trump claimed that “America’s movie business has been stolen by other countries” and compared it to […]
Gold rate today: Prices cross Rs 1.21 lakh per 10g in Delhi; US government shutdown and Fed rate cut bets lift bullion
Gold rate today: Gold prices surged by Rs 1,100 on Wednesday to cross the Rs 1.21 lakh per 10 grams mark in the national capital, tracking firm global cues amid the US government shutdown after Congress failed to approve fresh federal funding.According to the All India Sarafa Association, 99.9 per cent purity gold jumped to […]
Oberoi Group unveils integrated wellness experience
NEW DELHI: The Oberoi Group Wednesday announced the launch of “Asmi by Oberoi” —wellness offering that “reflects the brand’s commitment to creating experiences.” Derived from timeless Indian wisdom and supported by contemporary practice, the group says ASMI is a “lifestyle framework designed to strengthen alignment and vitality across five pillars: movement, nutrition, bodywork, breath work, […]
US job data: Private sector sheds 32,000 jobs in September; ADP report shows slowdown despite wage growth
The US private sector lost 32,000 jobs in September, according to payroll processor ADP, defying analysts’ expectations of employment growth. The biggest losses came in leisure and hospitality, professional services, and financial activities, AFP reported.Hiring also contracted in trade, transportation and utilities, along with manufacturing, the report showed.“Despite the strong economic growth we saw in […]
Aging population : CEA Nageswaran urges long-term savings for India’s elderly; warns of demographic shift
Chief Economic Advisor V Anantha Nageswaran has emphasised the need for long-term savings to ensure financial security as India’s elderly population expands in the coming decades. Speaking at the ‘NPS Diwas Conference on Inclusive Pensions, Innovative Solutions: Strengthening Retirement Security in India,’ he said as quoted ANI, “We have enormous responsibility towards the population at […]
US manufacturing data: Sector contracts for 7th month in a row; ISM index shows slight improvement
The US manufacturing sector contracted for the seventh consecutive month in September, although the pace of decline eased slightly as production and demand showed marginal improvement.The Institute for Supply Management’s (ISM) manufacturing index rose to 49.1 in September from 48.7 in August. The figure remained below the 50-point mark that separates expansion from contraction, AFP […]
India-EFTA trade deal: Switzerland’s official hails pact as ‘booster’ for investment; claims massive interest among Swiss firms
Switzerland’s State Secretary for Economic Affairs Helene Budliger (Photo- PTI) Switzerland’s State Secretary for Economic Affairs Helene Budliger on Wednesday said that the free trade agreement between India and the European Free Trade Association (EFTA) is set to bring transformative changes in two-way economic ties and could not have come at a better time. The […]
US market today: Wall Street drifts on weak ADP jobs data; treasuries gain as yields fall
US stocks drifted on Wednesday as fresh signs of weakness in the job market stoked caution among investors. The S&P 500 fell 0.3% in early trading, though it remained near last week’s record high. The Dow Jones Industrial Average declined 51 points, or 0.1%, while the Nasdaq composite dropped 0.4%, AP reported.Treasury yields fell sharply […]
ICRIER leadership change: IMF economist Shekhar Aiyar named director and CEO; to join in November
IMF economist Shekhar Aiyar has been appointed as the new Director and Chief Executive of the Indian Council for Research on International Economic Relations (ICRIER), the think tank announced on Wednesday. He is set to take charge in November, news agency PTI reported.Aiyar currently serves as Assistant Director in the Research Department of the International […]