Progress in India–US trade negotiations depends heavily on Washington revoking the additional 25 per cent tariffs linked to India’s Russian oil imports, according to a report by the India-based Global Trade Research Initiative (GTRI) as discussions resumed in New Delhi on Tuesday.“Negotiations will remain slow unless Washington signals genuine flexibility,” the GTRI report stated, as […]
GST revamp: Government asks retailers to highlight discounts; focus on festive season sales
In a major relief to the consumers, the commerce and industry ministry has asked retail chains to clearly display and advertise discounts arising from the recent rationalisation of GST rates, directing them to pass on the benefit to final buyers ahead of the festive season.In a communication to the Retailers Association of India, the Department […]
Gold loans surge as small borrowers shun MFIs: 122% jump in June, shows RBI data; soaring prices, lower rates fuel shift
Lower-income borrowers with limited income are increasingly turning to gold loans instead of microfinance institutions (MFIs) to meet urgent financial needs. Rising gold prices, lower gold-loan interest rates and stricter MFI lending norms are driving the trend. RBI data show gold-backed loans jumped 122 per cent year-on-year until June, while the Microfinance Industry Network reported […]
India’s first private-sector strategic petroleum reserve! Megha Engineering bags Rs 5,700-crore project; why it’s important
The venture includes a crude oil filling expense of $1.25 billion (Rs 11,020 crore) at present rates. (AI image for representative purpose) India is looking to build its first-ever private sector strategic petroleum reserve in the next five years. The massive Rs 5,700 crore project contract has been awarded to Megha Engineering & Infrastructures Ltd.According […]
Russia’s economy to outpace global growth; focus on fiscal stability, technology and foreign ties: Putin
Russian President Vladimir Putin stressed the need for Russia’s economic growth to outpace global rates during a conference addressing financial matters.At the conference, Putin highlighted how the country’s fiscal stability and execution of initiatives and schemes are directly linked to its economic performance. “It is obvious that the stability of public finances, the implementation of […]
ITR filing due date extended to September 16: Why did Income Tax department grant an extra day for tax returns filing? What we know
ITR filing due date extension: The move came, even as the number of filed returns crossed 7.3 crore by 15 September, the highest ever. ITR filing FY 2024-25 due date extended: Amid a record surge in Income Tax Return (ITR) filings, the government has extended the deadline for Assessment Year 2025-26 by a day, pushing […]
India-US trade deal: First in-person talks since Donald Trump imposed 50% tariffs; what to expect
This is the first face-to-face trade discussion since US President Donald Trump levied punitive tariffs on New Delhi. (AI image) India and the US are set to resume bilateral trade deal talks on Tuesday with Donald Trump administration’s Brendan Lynch, the assistant US Trade Representative for South and Central Asia, heading the delegation.This is the […]
Stock market today: Nifty50 opens near 25,100; BSE Sensex up around 70 points
Market experts anticipate continued consolidation whilst observing the US Fed’s decisions and developments in bilateral trade discussions between India and the US. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Tuesday. While Nifty50 was near 25,100, BSE Sensex was up over 70 points. At 9:16 […]
Top stocks to buy today: Stock market recommendations for September 16, 2025 – check list
Top stocks to buy (AI image) Stock market recommendations: According to Somil Mehta, Head – Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, the top stocks to buy today are Prestige, and GMR Airport:Prestige – Buy in the range between Rs 1600 & Rs 1610; Stoploss: Rs 1545; Target: Rs 1720Prestige has broken out of […]
Govt asks e-tailers to promote GST rejig
MUMBAI: Govt has directed e-commerce firms to disseminate information about the GST reforms on their platforms. In a meeting held last week, it was suggested that platforms run a ‘GST Bachat Utsav’ campaign on their portals for 100 days starting Sept 22. Firms were also asked to reflect GST reduction in the bill. “All the […]