Business

New Delhi: India's revamped Goods and Services Tax system, dubbed next-generation GST or "GST Bachat Utsav", was implemented  Monday, reducing taxes on around 370 products, including daily essentials and lifesaving medicines. Union Finance Minister Nirmala Sitharaman announced that the overhaul aims to inject approximately Rs...

New Delhi: The decision to hike US H-1B visa application fee to $100,000, trade talks and the GST rate cut will be the key drivers for stock market movement this week, analysts said. Besides, trends in global equity markets would also be tracked by investors....

Bhubaneswar: Odisha Chief Minister Mohan Charan Majhi Sunday said that the new reforms in the tax structure place people at the centre of governance. He said, "Odisha expresses its heartfelt gratitude to Prime Minister Narendra Modi for this visionary and transformative reform that truly places...

New Delhi: Prime Minister Narendra Modi Sunday announced the launch of nationwide Next Gen GST reforms from the first day of Navratri Monday, calling it a "festival of savings for the people of India." In his address to the nation, the Prime Minister said that...

New Delhi: Foreign investors have pulled out Rs 7,945 crore from Indian equities so far in September, weighed down by global uncertainties such as tariffs and persistent geopolitical tensions. This follows heavy outflows of Rs 34,990 crore in August and Rs 17,700 crore in July,...

New Delhi: The combined market valuation of seven of the top-10 most valued firms jumped by Rs 1,18,328.29 crore last week, with State Bank of India and Bharti Airtel emerging as the biggest gainers, amid an optimistic trend in equities. Last week, the BSE benchmark...

New Delhi: The committed expenditure on salaries, pensions, and interest payments increased by 2.49 times to Rs 15,63,649 crore in fiscal 2022-23 across all states from Rs 6,26,849 crore in 2013-14, said a CAG report on state finances. A large share of the revenue expenditure...

New Delhi: Buyers are in for a bonanza with leading automakers Maruti Suzuki, Tata Motors and Hyundai Motor India set to cut prices from Monday, coinciding with the first day of the auspicious Navaratri period. Luxury carmakers Mercedes-Benz and BMW as well as two-wheeler makers...

New York/Washington: The Trump administration has clarified that the newly introduced $100,000 fee for H-1B visas will apply only to fresh petitions and will not affect existing visa holders. Officials said the amount is a one-time payment. The clarification is a cause of huge relief...

New Delhi: From kitchen staples and medicines to electronics and automobiles, a wide range of goods and services will become cheaper starting Monday as the reduced GST rates on nearly 375 items come into effect. In a bonanza to consumers, the GST Council, comprising Centre...