Business

FM Nirmala Sitharaman explains motive of GST reforms, says "focus

Union Finance Minister Nirmala Sitharaman on Friday announced that the foremost priority of the government is to ensure that the benefits of the GST tax reforms reach all the common people of the country.

2025-09-05T11:43:26.063276+00:00 IST

Indian stock market ends flat after witnessing volatile trading s

Indian equities ended flat today, but sentiment stayed mildly positive as key indices rebounded from intraday lows on buying at support levels.

2025-09-05T10:45:35.114191+00:00 IST

AI reshaping manufacturing with predictive maintenance & intel

Innovations in the manufacturing and industrial sector have focused on predictive maintenance coupled with intelligent automation and supply chain optimization. Artificial Intelligence-based tools are now forecasting indirect material consumption as well as reducing inventory levels and improving cash flow, according to the Vision AI: Trends and Strategic Insights 2025 report by Protiviti and CII.

2025-09-05T10:06:08.396864+00:00 IST

Niti Aayog recommends strategies to 2x India’s pulses production

Government think-tank Niti Aayog has recommended strategies and pathways to be adopted by government to make India self-sufficient, (Atmanirbhar) in pulses by 2030 and double the production of pulses by 2047. The report noted, India's pulses production is set to witness steady growth in the coming years with output projected to rise to 34.45 million tonnes (MT) by 2030 and 51.57 MT by 2047, up from 26.06 MT in 2022.

2025-09-05T09:35:19.823432+00:00 IST

GST cut on cement will bring brighter prospects for industry

The reduction in GST on cement from 28 per cent to 18 per cent is expected to be a game-changer for the sector, according to a sector report by Nuvama Institutional Equities.

2025-09-05T09:17:31.414578+00:00 IST

Construction cost for real estate sector to decline by 3.5-4.5%

Rationalisation of tax rates on construction material is expected to cut the construction cost for the real estate sector by 3.5 to 4.5 per cent, according to a report by Crisil Intelligence. The government has announced to cut GST rates on cement, marble, granite, sand, bricks, etc substantially, which is likely to reduce construction costs for builders.

2025-09-05T08:45:14.743734+00:00 IST

Global MNCs are looking for JVs in India’s semiconductor sector:

Multinational companies from around the world are showing growing interest in partnering with local firms through joint ventures to begin operations in India's semiconductor industry, a report by Yes Bank's subsidiary Yes Securities observed after visiting Semicon India 2025.

2025-09-05T08:32:45.013086+00:00 IST

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Business

India focusing on data-driven tech platforms to foster safety

India is focusing on building a safer and more resilient road network by leveraging data-driven technology platforms such as the Integrated Road Accident Database (iRAD), according to a report released by FICCI and Crisil.

2025-09-05T08:20:57.252101+00:00 IST

Business

Momentum in Gold to continue; prices up in all major currencies

A strong rally into the month-end saw gold reach USD 3,429/oz, up by 4 per cent, and as of the end of August, gold was up 31 per cent for the year. As per the Gold Market Commentary report by the World Gold Council, Gold gained in all major currencies, despite a much weaker US dollar, and the positive momentum has carried on in early September.

2025-09-05T07:27:39.608474+00:00 IST

Business

GAIL conferred with two SCOPE Eminence Awards

GAIL (India), the country's leading natural gas transmission and distribution company, has been conferred with two prestigious SCOPE Eminence Awards in the institutional category, recognising its outstanding contributions in the fields of Corporate Governance and Corporate Social Responsibility and Responsiveness.

2025-09-05T07:21:36.338098+00:00 IST

Business

GST 2.0 to boost FMCG consumption, larger packs items to get

The latest Goods and Services Tax (GST) rate rationalization is expected to give a strong boost to the fast-moving consumer goods (FMCG) sector, according to a report by Nuvama.

2025-09-05T07:03:57.467062+00:00 IST

Business

Regulatory reforms needed for corporate growth in Korea

Only four out of every 10,000 small- and medium-sized enterprises (SMEs) advance to mid-market status. Business leaders and Industry chambers advocate the need for reforms for corporate growth, as per a report by Pulse, the English service of Maeil Business Newspaper Korea.

2025-09-05T06:50:56.615026+00:00 IST

Business

Samsung, LG Electronics push AI home strategies in Europe

South Korea's biggest home appliance makers, Samsung Electronics and LG Electronics, unveiled their strategies for artificial intelligence in homes at Europe's largest home appliance fair on Thursday, as per a report by Pulse, the English service of Maeil Business Newspaper Korea.

2025-09-05T06:29:22.860210+00:00 IST

Business

GST rate rationalization to cause Rs 10,664-crore shortfall

The central government is expected to face a revenue shortfall of Rs 10,664 crore in Integrated Goods and Services Tax (IGST) receipts due to the recent GST rate rationalization, according to an analysis report by the Global Trade Research Initiative (GTRI).

2025-09-05T06:27:29.167986+00:00 IST

Business

Sectors impacted from US tariffs will get a boost from GST 2.0

Industry bodies and experts have welcomed the government's announcement of GST 2.0, calling it a move that will simplify the tax system and reduce the burden on consumers, ultimately giving a push to the economy. Speaking to ANI, representatives from various sectors affected by the recently imposed higher tariffs from the US said the reforms will create more opportunities and give a boost to the industry.

2025-09-05T05:44:57.722440+00:00 IST

Business

FICCI on Govt's Critical Mineral Recycling Incentive Scheme

The Federation of Indian Chambers of Commerce and Industry (FICCI) President, Harsha Vardhan Agarwal, lauded the government's decision to approve the Rs 1,500 crore Incentive Scheme to promote Critical Mineral Recycling in the country and termed it a "landmark step."

2025-09-05T05:39:41.525719+00:00 IST

Business

Semicon 2025 highlights India’s ability to emerge as powerhouse

The events like Semicon India 2025 highlights that the semiconductor industry in India is growing rapidly with India showcasing that it has the ability to emerge as a powerhouse in the semiconductor sector, stated Ashok Chandak, President, Semi India.

2025-09-05T04:48:57.747178+00:00 IST

Business

Sensex opens 300 pts higher, Nifty up 0.34%; Experts see GST 2.0

Indian stock markets continued their upward momentum on Friday with a positive opening, supported by optimism around the recently announced GST 2.0 reforms.

2025-09-05T03:58:06.590062+00:00 IST

Business

Govt's revenue loss due to GST rate reduction will be Rs 3700 cr

The revenue loss of the central government due to the recent GST rate reduction will be around Rs 3,700 crore in FY26, as higher growth and a boost in consumption have reduced the impact on revenues, according to a report by the State Bank of India (SBI).

2025-09-05T03:13:23.872616+00:00 IST

Business

Entire GST rate cut benefit will be passed on to common man

Union Minister of Commerce and Industry Piyush Goyal has assured that the benefits of the reduction in Goods and Services Tax (GST) rates will be fully passed on to the common man, with industries across all sectors committing to implement the reforms in letter and spirit.

2025-09-05T02:27:53.573963+00:00 IST

Business

Reliance O2C profit margins largely unaffected by Russian crude:

Reliance Industries' Oil-to-Chemicals (O2C) profitability in the first half of 2026 is tracking a strong 15 per cent year-on-year growth, well ahead of the full-year forecast of 8 per cent, supported by strength in auto fuels, the report said.

2025-09-04T17:02:00.681685+00:00 IST