The GST Council, in its meeting on Saturday, is likely to decide on reducing tax rates on life and health insurance premiums, while hiking it on high-end wrist watches, shoes and apparels, besides considering a separate 35 per cent tax slab for sin goods. The 55th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising state counterparts, is likely to discuss rate rejig in about 148 items, besides, it will also deliberate on bringing Aviation Turbine Fuel (ATF), a major component for airline industry's operation cost, in the Goods and Services Tax (GST) fold.
Ahead of the crucial legislature party meeting scheduled for Wednesday, Bharatiya Janata Party leader Devendra Fadnavis met with caretaker Chief Minister Eknath Shinde on Tuesday, the first in-person meeting since their discussions in Delhi last week for government formation.
Former Indian Prime Minister Manmohan Singh passed away at the age of 92 on Thursday. He will be given a state funeral with full state honors at Nigambodh Ghat on Saturday. Singh served as Prime Minister from 2004 to 2014 and was known for his role in India's economic reforms. Leaders from across the political spectrum paid their respects to the departed leader, highlighting his contributions to the nation.
Another farmer leader and SKM member said the agitation is likely to be called off on Wednesday as there have been some positive responses from the government side on the farmers' demands.
The name of the Maharashtra chief minister will be announced on Wednesday, a day ahead of the swearing-in ceremony of the Mahayuti government, after the Bharatiya Janata Party elects its legislature party leader, a senior functionary said on Monday.
He drew the roadmap of India's economic reform, unshackled it from the licence raj and pulled it back from the brink when even its gold reserve was pledged.
Speaking to reporters in Delhi, Patole asserted there are no disagreements within the MVA, adding that discussions on seat-sharing were underway and would conclude soon.
There was plenty of action over the last 12 months that kept the loyal Indian fan interested.
'The biggest near-term risk to Indian equities is the outflow of investments to China as tactical trades by foreign investors.'
Social media needs to be made more accountable and stricter rules in this regard could be brought in if there is political consensus on the matter, Information Technology Minister Ashwini Vaishnaw said in Rajya Sabha on Friday.
Maharashtra Deputy Chief Minister Devendra Fadnavis on Wednesday said the Bharatiya Janata Party still wants to throw its weight behind Maharashtra Navnirman Sena head Raj Thackeray's son Amit Thackeray in Mahim assembly seat, which the ruling Shiv Sena is also contesting.
The stock of online classified major Info Edge (India) was up over 6 per cent on Friday on expectations of demand improvement for Indian IT companies. Strong revenue growth prospects for each of its online verticals - including recruitment, matrimony, real estate, education, and upside from its holdings in companies such as Zomato - had prompted Goldman Sachs to upgrade the stock. Info Edge's standalone revenue grew 10.6 per cent year on year (Y-o-Y) in Q2FY25, beating consensus. 99acres (+16.9 per cent Y-o-Y) and Jeevansathi (+33 per cent Y-o-Y) were drivers of growth while recruitment grew 8.5 per cent Y-o-Y.
The name of Devendra Fadnavis has been finalised as the new chief minister of Maharashtra who will be elected as the legislature party leader in a meeting to be held either on December 2 or 3, a senior Bharatiya Janata Party leader said on Sunday night.
During the meeting, it was reiterated that "restoration of peace and tranquillity, and respect for the LAC are the essential basis for restoration of normalcy in bilateral relations", it said.
Maharashtra's outgoing Chief Minister Eknath Shinde on Sunday said the Bharatiya Janata Party will decide on the new CM and assured his full support while ruling out differences among Mahayuti allies over the government formation.
Bangladesh's interim government on Wednesday said it is 'consulting all stakeholders' to decide the fate of President Mohammed Shahabuddin, as authorities beefed up security around his residence in the wake of protests demanding his removal over comments that raised questions on prime minister Sheikh Hasina's resignation.
In a recent report, the Department-related Standing Committee on Law and Justice and Personnel said it expects the government and the judiciary to finalise the revised MoP, 'which is more efficient and transparent', in terms of a Supreme Court observation.
The BJP on Sunday authorised its president J P Nadda and Union minister Rajnath Singh to hold consultations with different political parties, including those in the opposition, on the president's election, in what is being seen as an outreach by the ruling party to arrive at a consensus on the choice for the top constitutional post.
'The economy is clearly at a very soft spot, and earnings growth is disappointing every day.' 'After three great years, the Indian economy has hit a rough patch.'
Ahead of the Maharashtra assembly polls, Union home minister Amit Shah has met Chief Minister Eknath Shinde as well as Deputy CMs Devendra Fadnavis and Ajit Pawar in Chhatrapati Sambhajinagar.
Coal India's (CIL's) revenue for the first quarter of 2024-25 (Q1FY25) came in at Rs 36,500 crore, up 1 per cent year-on-year (Y-o-Y) and down 3 per cent sequentially, which was in line with consensus. The blended average selling price was Rs 1,687/tonne, down 5 per cent Y-o-Y and down 1 per cent Q-o-Q, which was below estimates. The adjusted operating profit (excluding overburden removal or OBR costs) stood at Rs 11,500 crore up 3 per cent Y-o-Y and up 17 per cent Q-o-Q, which beat the street. This was due to lower operating expenses.
Dabur's performance in the July-September quarter of the current financial year (Q2FY25) was weak but in line with consensus. Consolidated revenue declined 5 per cent year-on-year (Y-o-Y) due to a temporary adjustment in General Trade (GT) inventory. Indian revenue declined 7.6 per cent, while international business grew 13 per cent Y-o-Y in constant currency (CC) terms.
Chinese ambassador to India, Xu Feihong, on Wednesday expressed hope that the recently completed Indo-China border disengagement in Eastern Ladakh would smoothen relations and pave the way for a better understanding between the two neighbours in the days ahead.
The feud between Indian Olympic Association (IOA) president PT Usha and revolting Executive Council members took another ugly turn after a dozen of them shot off a letter to senior IOC official Jerome Poivey accusing the legendary athlete of running the organization in an "autocratic" manner.
'We are going to need more technical people in government.' 'You can't expect a generalist to understand the complicated world of financial engineering.' 'I regret to say that most of our politicians have no competence to deal with these things. Nor is there a willingness to learn.'
United States President Joe Biden on Monday hosted a Diwali celebration at the White House that was attended by more than 600 eminent Indian Americans, including Congressmen, officials, and corporate executives, from across the country.
Tata Power's Q2FY25 reported results were above consensus despite challenges like low plant availability at Mundra and Odisha discom operations affected by rain. A positive development for the power major included module manufacturing hitting nearly 100 per cent capacity utilisation. The Board has approved an investment proposal for a 1GW pumped storage project (PSP).
Bypolls will be held on Wednesday in 31 assembly seats spread across 10 states and Kerala's Wayanad Lok Sabha constituency, from where Congress general secretary Priyanka Gandhi Vadra is making her electoral debut. Though these bye-elections are not going to have any bearing on the governments, they are seen as a big test for the Congress and the INDIA bloc which failed to put up a united show in the recent Haryana assembly polls. Most of these seats fell vacant after the sitting MLAs contested the Lok Sabha elections and won while in some constituencies, the bypolls are being held due to death of the representatives. The Wayanad seat was vacated by Rahul Gandhi, who also won from the Rae Bareli parliamentary constituency which he kept. Voting will be held in seven seats in Rajasthan, six in West Bengal, five in Assam, four seats in Bihar, three in Karnataka, two seats in Madhya Pradesh, and one seat each in Chhattisgarh, Gujarat, Kerala and Meghalaya. Votes will be counted on November 23.
Although a one-off tax provision negatively impacted the bottom line, HDFC Asset Management Company (HDFC AMC) posted an excellent operational performance in Q2FY25. The equity quarterly average assets under management (QAAUM) growth was 14.7 per cent quarter-on-quarter (Q-o-Q). And, equity AUM market share rose 50 basis points (bps) year-on-year (Y-o-Y) to 12.9 per cent.
New initiatives to boost cooperation to ensure stability in the Indo-Pacific, ways to find peaceful solutions to the conflicts in Ukraine and Gaza and addressing concerns of the global South will be the focus of Prime Minister Narendra Modi's three-day visit to the US beginning Saturday.
Eighteen distinct amendments to the Constitution and other statutes would be required for the implementation of the Kovind committee's recommendations on simultaneous elections, according to the panel's report accepted by the Union Cabinet on Wednesday.
Maha Vikas Aghadi constituents -- the Congress, the Shiv Sena-Uddhav Balasaheb Thackeray, and the Nationalist Congress Party-Sharadchandra Pawar -- are still struggling to resolve internal differences over certain seats and fix an agreeable formula for the assembly polls even though the deadline for filing nominations is closing on October 29.
Jaishankar said that both sides also exchanged views on the next steps in the India-China bilateral ties.
'Domestic investors are opening up to the idea of high-growth Internet companies as a pool of value creation.' 'They like the execution that they see with Zepto, and for us, that is the most important factor.'
Lucknow Super Giants' new mentor Zaheer Khan wants the Impact Player rule to be persisted with in the IPL.
Congress leader K C Venugopal and Dravida Munnetra Kazhagam's T R Baalu walked out of Defence Minister Rajnath Singh's office, refusing to endorse NDA candidate Birla without being offered the Deputy Speaker's position.
From the point of view of qualification, Murmu is probably educationally the least qualified among India's recent Presidents. But then, with the BJP in command, she will be required to do little but sign on the dotted line.
Fresh plans of privatisation or divestment in central public sector enterprises and public sector banks might take a back seat this financial year because these may require a large consensus among coalition partners.
No final decision has been taken on the alliance with the Congress for the October 5 Haryana assembly polls yet, sources in Aam Aadmi Party said on Sunday. The last date to file nominations is September 12.
Prime Minister Narendra Modi will pay a three-day visit to the United States beginning September 21 to attend the annual Quad Summit and address the 'Summit of the Future' at the United Nations General Assembly.
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