NEW DELHI: Amid discussions for reduction of GST for many products, a group of ministers from states, headed by Bihar deputy CM Samrat Chaudhary, will meet next week. Several members of GoM, especially those from the Opposition, had suggested maintaining status quo on slabs and rates, citing possible adverse impact on revenue, but govt has […]
US 30-year mortgage rate falls to 6.58%, lowest since October, homebuyers get relief
The average rate on a 30-year mortgage in the US fell to 6.58% this week, its lowest in nearly 10 months, offering prospective homebuyers a boost in purchasing power amid a sluggish housing market, Freddie Mac reported on Thursday. The long-term rate declined from 6.63% last week, while a year ago it averaged 6.49%, AP […]
UPI fraud clampdown: NPCI to end P2P collect requests from October 1; Banks, apps told to block pull transactions permanently
National Payments Corporation of India (NPCI) has directed banks and payment apps to stop all peer-to-peer (P2P) ‘collect requests’ on UPI from October 1, 2025, in an effort to curb financial fraud.In a circular dated July 29, NPCI said, “It is hereby informed that by October 1, 2025 UPI P2P collect shall not be allowed […]
‘Operating at a healthy run rate’: EU-sanctioned Nayara Energy in talks with government & partners, vows to maintain refinery stability
Russian oil major Rosneft-backed Nayara Energy Ltd is engaging with the Indian government and trade partners to ensure smooth transactions and maintain operational stability at its Vadinar refinery in Gujarat, which has been impacted by European Union sanctions.The company, included in the EU’s 18th sanctions package on Russia over the Ukraine conflict, has faced challenges […]
PPI spike: US producer prices inflation hit 3-year high in July, tariffs add pressure on businesses
US producer price inflation surged in July to its highest level since 2022, with fresh signs that President Donald Trump’s tariffs are driving up business costs, official data showed Thursday.The producer price index (PPI) jumped 0.9% month-on-month after being flat in June, according to the Department of Labor, AFP reported. The figure far exceeded the […]
US market today: S&P 500, Nasdaq slip from peaks; Dow down 104 points after hot inflation data
Wall Street retreated from record levels on Thursday after US government data showed wholesale inflation rose more than expected last month, dimming hopes for imminent interest rate cuts.The S&P 500 slipped 0.2% from its all-time high set on Wednesday, while the Dow Jones Industrial Average fell 104 points, or 0.2%, and the Nasdaq composite eased […]
Fraud crackdown: Sebi launches AIR campaign; grassroots push to protect rural investors
Markets regulator Sebi has rolled out an investor awareness campaign on All India Radio (AIR) to warn against fraudulent activities in the securities market, particularly those executed through social media platforms.The initiative, the regulator said, aims to “caution investors to protect themselves from fraudsters, to curb fraudulent activities taking place on social media platforms, and […]
Gold rate today: Yellow metal jumps Rs 400 to Rs 1,01,420; silver surges Rs 1,500 on fresh buying
Gold rate today: Gold prices in the national capital rose Rs 400 to Rs 1,01,420 per 10 grams on Thursday, supported by fresh buying from stockists and firm global trends, according to the All India Sarafa Association. The yellow metal of 99.9% purity had closed at Rs 1,01,020 in the previous session.Gold of 99.5% purity […]
Manufacturing leap: India should shift from low-cost to innovation; Accel report outlines decade’s big opportunity
AI image India’s manufacturing industry has a ‘rare opportunity to leapfrog global incumbents’ by moving away from its low-cost production image and embracing innovation-led growth, according to Accel’s Advanced Manufacturing Report 2025, released on Thursday.As per news agency PTI, the global venture capital firm identified precision engineering, aerospace, EV components, semiconductors, robotics, and advanced materials […]
Trade data: India’s exports rise 7.29% to $37.24 billion in July, imports grow 8.6% to $64.59 billion
India’s merchandise exports touched $37.24 billion in July, marking a 7.29% increase from $34.71 billion a year earlier, according to government data released Thursday. The trade deficit for the month came in at $27.35 billion.Imports rose 8.6% year-on-year to $64.59 billion in July, PTI reportedCumulatively, in April–July 2025-26, exports grew 3.07% to $149.2 billion, while […]