The newly launched FASTag Annual Pass has seen a remarkable response, crossing the landmark figure of five lakh users across the country within just four days, an official statement said on Monday.Introduced on Independence Day, the pass allows non-commercial vehicle users to make a one-time payment of Rs 3,000 for one year’s validity or 200 […]
US stocks today: Wall Street trades in red ahead of crucial week; Dow slips 60 points, Nasdaq down 0.11%
Wall Street began the week on a cautious note on Monday, with investors holding back as they waited for a busy line-up of corporate earnings and a key speech from the Federal Reserve chief later this week.US stocks began the day trading near their record highs but slowly drifted in red.The Dow Jones Industrial Average […]
GST revamp: India’s new regime to lift demand, consumption – here’s what Morgan Stanley says
India’s consumption story could soon receive a major boost, with a mix of tax reforms and economic measures paving the way for stronger domestic demand, according to a new Morgan Stanley report.The report, dated August 17, said an overhaul in GST rate slabs, along with support from personal income tax cuts, monetary policy easing, signs […]
Indian job market: Unemployment eases to 5.2% in July; rural areas drive improvement
India’s unemployment rate eased to 5.2% in July, from 5.6% in June, according to the government’s latest labour force survey, released on Monday.The Periodic Labour Force Survey (PLFS), conducted by the Ministry of Statistics and Programme Implementation (MoSPI), showed that the unemployment rate in May had also stood at 5.6%.Data collected under the current weekly […]
GST overhaul: Rs 1.1 trillion worth revenue might be lost; UBS says fiscal cost manageable
The fiscal cost of the government’s proposed Goods and Services Tax (GST) rate rationalisation will remain manageable, with an estimated revenue loss of Rs 1.1 trillion annually or 0.3% of the GDP, a UBS report said.For the financial year 2026, the firm expected the shortfall of Rs 430 billion, or 0.12% of GDP, that could […]
‘Why no extra tariffs?’ US Secretary Marco Rubio defends US sparing China, Europe over buying Russian oil; warns sanctions risk global price surge
US Secretary Marco Rubio (File photo) US State Secretary Marco Rubio cautioned on Monday about potential energy price increases if the United States enforces secondary sanctions on China for processing Russian oil.The US secretary was asked, “is Europe still buying Russian oil?”“Well, if you look at the oil that’s going to China and being refined, […]
Top stocks to buy: Stock recommendations for the week starting August 18, 2025 – check list
Top stocks to buy (AI image) Stock market recommendations: According to Motilal Oswal Financial Services Ltd, the top stock picks for the week (starting August 18, 2025) are HDFC Life, and Hindustan Aeronautics (HAL). Let’s take a look: Stock Name CMP (Rs) Target (Rs) Upside (%) HDFC Life 788 910 15% HAL 4544 5800 28% […]
AU$90 million penalty: Qantas Airways fined for illegal sackings during Covid pandemic; judge questions lack of remorse
A judge in Australia fined Qantas Airways 90 million Australian dollars ($59 million) for unlawfully dismissing more than 1,800 ground staff during the early stages of the Covid-19 pandemic. The penalty is in addition to the AU$120 million ($78 million) compensation the airline had already agreed to pay dismissed employees.Justice Michael Lee of the Australian […]
GST revamp! Over 40 company stocks set to gain from rate cuts, say experts– check full list of potential beneficiaries
Prime Minister Narendra Modi‘s Independence Day announcement regarding India’s GST restructuring by Diwali has significantly impacted Dalal Street, with over 40 stocks across various sectors identified as potential beneficiaries. As the stock markets marked the opening for the week on Monday, it witnessed substantial gains across automotive, financial, real estate, consumer and cement sectors as […]
Gold price prediction: What’s the gold rate outlook for August 18, 2025 week – should you buy or sell?
Gold price prediction: The upcoming meeting between the US and Ukrainian leaders could weigh on gold prices. (AI image) Gold price prediction today: Gold prices are likely to be range-bound with several global factors impacting sentiment this week. Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial services Ltd shares his outlook on gold […]