Search For "slashed"
South Korea's L&F sees Tesla contract value slashed to almost zero
Updated : 5 months ago IST
South Korean battery materials manufacturer L&F Co. announced on Monday that its major contract to supply cathode materials to Tesla has been reduced to nearly zero. The total value of the deal dropped from 3.83 trillion won (USD 2.68 billion) to just 9.73 million won (USD 6,808), effectivel
Read More
Repo Rate Slashed to 5.25 percent; Softer Rate Cycle Reignites Demand Acro
Updated : 5 months, 3 weeks ago IST
New Delhi [India], December 6: The Reserve Bank of India (RBI) has unanimously cut the repo rate by 25 basis points, bringing it to 5.25 percent. This marks the fourth rate reduction in 2025, totalling a cumulative 125 bps cut since the start of the year. This decisive move comes against a b
Read More
Indian wood and furniture exporters to gain competitive edge in US after T
Updated : 8 months ago IST
Indian wood products and furniture exporters will become far more competitive in the US market, as tariffs on this category will be slashed from 50 per cent to 10-25 per cent after the latest tariff imposed by US President Donald Trump on wood products, said policy think tank GTRI.
Read More
GST rate drones slashed to 5%
Updated : 8 months ago IST
Under the new Goods and Services Tax (GST) reforms, a uniform GST of 5% has been introduced for all drones, regardless of whether the camera is integrated or separate and irrespective of whether they are used for commercial or personal purposes, said the Union Ministry of Civil Aviation in a
Read More
GST on Cement Slashed to 18 percent; Marks a Win-Win for Real Estate Devel
Updated : 8 months ago IST
Delhi NCR [India], September 5: The GST Council has rationalised tax rates into a simplified two-slab structure of 5% and 18%. Among the most impactful changes is the reduction of GST on cement from 28% to 18%, a move expected to significantly lower project costs and drive growth in real es
Read More
"Big Diwali gift for every Indian": Industrialist Harsh Goenka on GST rate
Updated : 8 months ago IST
Industrialist Harsh Goenka has called the recent Centre's decision to slash and rationalise Goods and Services Tax (GST) rates under the NextGen GST framework a "big Diwali gift" for every Indian. The government has slashed GST on daily essentials, healthcare, education, and farming input
Read More
GST rates slashed across sectors to provide Diwali bonanza for consumers
Updated : 8 months ago IST
In a major reform aimed at providing relief to households, farmers, businesses and the healthcare sector, Finance Minister Nirmala Sitharaman on Wednesday announced a sweeping reduction in Goods and Services Tax (GST) rates on a wide range of essential items, automobiles, agriculture inpu
Read More
Commercial LPG prices slashed by Rs 51.50 from Sept 1; no change in domest
Updated : 8 months ago IST
The retail price of a 19 kg LPG commercial cylinder in Delhi is set to be Rs 1,580, down from Rs 1,631.50. Meanwhile, in Kolkata, Mumbai and Chennai, commercial LPG prices will be revised down to Rs 1,684, Rs 1,531.5, and Rs 1,738 respectively.
Read More
EV manufacturers could lose edge if GST slashed on ICE vehicles: HSBC Repo
Updated : 9 months, 1 week ago IST
Electric vehicle (EV) manufacturers may face a competitive setback if the government proceeds with a proposed reduction in Goods and Services Tax (GST) on internal combustion engine (ICE) vehicles, according to a recent report by HSBC Investment Research.
Read More
Home Loan Festive Offers: Bajaj Finserv Offering Lowest Interest Rates Sta
Updated : 9 months, 2 weeks ago IST
Pune (Maharashtra) [India], August 20: In India, the period from August to November is considered auspicious because of the various festivals celebrated during this time, including Ganesh Chaturthi and Diwali. These festivals are believed to bring happiness and prosperity. This positive sent
Read More
India Ratings slashes GDP forecast below RBI estimates, citing headwinds
Updated : 9 months, 3 weeks ago IST
India Ratings and Research (Ind-Ra) has slashed India's GDP projections for 2025-26 to 6.3 per cent, a 30 basis points lower than its earlier forecast of 6.6 per cent in December 2024.
Read More
Commercial 19-kg LPG cylinder price slashed by ₹58.50, no change in
Updated : 11 months ago IST
While in Delhi, with the latest revision, the retail sale price of a 19 kg commercial LPG cylinder was set at Rs 1665, down from the previous rate. However, there was no change in the price of 14.2 kg domestic LPG cylinders, which are widely used in households.
Read More