According to the proposals, GST on four-wheeled EVs priced between Rs 20 lakh and Rs 40 lakh will be raised from 5% to 18%, while EVs costing more than Rs 40 lakh will face a jump from 5% to 28%. Only electric buses will continue to enjoy the existing 5% concessional rate. The GoM argued…
Strong demand and solid external finances support rating; high debt and fiscal gaps remain key constraints, Fitch says Fitch Ratings on Monday affirmed India rating at BBB- with a stable outlook on the back of robust growth and solid external finances. The credit rating agency mentioned that the fiscal metrics are a credit weakness, with…
Sensex rose 329 points to close at 81,636, led by gains in IT stocks. Nifty closed at 24,968, facing resistance near 25,000. IT firms led gains while paper stocks surged. The Indian market closed higher today in line with its US peers led by a rally in the IT stocks. Sensex rose 329 points,…
Atomic power is witnessing a revival globally due to its ability to deliver low-emissions energy “Nuclear can’t just be a fashion statement,” Praveer Sinha, chief executive officer at Tata Power Co., said at the BNEF Summit in New Delhi. “It needs to replace coal-based power as a source of affordable power.” India’s top energy firms…
The use of TREPS is becoming increasingly widespread, and as per PrimeMFDatabase, 89.71 percent of equity schemes had exposure to cash equivalents like TREPS, CBLO (Collateralized Borrowing and Lending Obligation), or reverse repos in July. In just two months, 18 additional equity schemes have begun using these instruments to manage cash positions. Mutual Funds…
“The plans to extend the tenure of such contracts is at a conceptual stage,” SEBI chairman Tuhin Kanta Pandey said at the sidelines of an industry event “Markets regulator Securities and Exchange Board of India – SEBI is planning to increase the tenure and maturity of equity derivatives contracts,” its chairman Tuhin Kanta Pandey said…
These “next generation GST reforms” are aimed at making India Aatmanirbhar, she told to the GoM during a meeting, adding that the Centre committed to building broad-based consensus with states on next-gen GST reforms. Finance Minister Nirmala Sitharaman on Wednesday told a Group of Ministers that the rate rejig in GST reforms will provide relief…
Under the Bill, no bank or financial institution will be allowed to permit transfer of funds for online money gaming. The Union Cabinet, chaired by Prime Minister Narendra Modi, on Tuesday approved the Online Gaming Bill, which makes online betting a punishable offence. Sources told Business Today TV that the government will ban all “money-based…
At the bourses, the consumption-driven theme has played out well thus far in FY26 with the Nifty India Consumption index rising nearly 11 per cent as compared to around 5 per cent rise in Nifty 50 The proposed rejig in goods and services tax (GST) announced by the government last week coupled with eights…
The advisable approach to debt funds is to match the portfolio maturity of the fund with your investment horizon. Two key events last week – Trump’s 50 percent tariff on Indian imports and the Reserve Bank of India’s (RBI) status quo on repo rate – are bound to get retail investors thinking about their debt…