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India welcomes the Summit meeting in Alaska between US President Donald Trump and Russian President Vladimir Putin. The world wants to see an early end to the conflict in Ukraine, the Ministry of External Affairs said in a statement Saturday. Read more
The India Meteorological Department has forecast extremely heavy rainfall over Konkan, Goa and Ghat areas of Madhya Maharashtra from Saturday to Tuesday. Extremely heavy rainfall is also forecast in Gujarat on Saturday and again from Monday to Wednesday. Similar conditions are seen in Saurashtra on Tuesday and Wednesday, the weather bureau said. Read more
The government has raised the base import price of gold by $20 to $1,083 per 10 grams, according to a notification issued by the Central Board of Indirect Taxes and Customs on Thursday. The base import price of gold was last revised on Aug. 1. Read more
S&P Global Ratings has upgraded long-term issuer credit ratings of seven banks and three financial companies to 'BBB' from 'BBB-' with stable outlooks. Among these, ICICI Bank's long-term issuer credit rating has also been upgraded, with the bank's standalone credit profile affirmed at "A-", the bank informed the exchanges Saturday. Read more
Mahindra and Mahindra Ltd. showcased concept designs for four new cars, which will be built on their new platform called NU_IQ. The company plans to begin launching these cars starting 2027 with an aim to grow presence in global markets, top company executives said at an event in Mumbai Read more
The Centre has proposed continuing with the 5% and the 18% tax slabs under the goods and services tax in its recommendations to the rate rationalisation panel constituted by the GST Council, a senior government source said. In its recommendation to the Group of Ministers reviewing the GST rate structure, the government also suggested doing away with the 12% and the 28% tax slabs, the source said. Read more
The wait for goods and services tax reforms may finally come to an end. Prime Minister Narendra Modi Friday said that the government was reviewing the indirect tax regime and next generation reforms will be brought by Diwali. He said tax on regular-use items will be brought down significantly, which will help lower prices of such goods and also help domestic micro, small, and medium enterprises. Read more
By Shubham Rana and Aaryan KhannaIt took S&P Global Ratings 18 years to upgrade India's sovereign credit rating, vindicating the country's half a decade of fiscal discipline, focus on high quality expenditure, and resilient economy. Read more
By Anshul ChoudharyIndia's top listed companies reported a sharp improvement in year-on-year earnings growth in the June quarter, aided by a slower rise in tax outgo and a low base of last year, when earnings growth was only single digit. However, revenue growth for these companies remained weak in the latest quarter and was even lower than in the previous two quarters. The latest quarter marked the ninth straight quarter of single digit growth in sales for the Nifty 50 companies. Read more
Amidst the diplomatic dilemma that India finds itself in, a group of Indian delegates are scheduled to visit Russia later this month, a senior government official said Thursday. Among a host of discussions, settling bilateral trade in rupee may also be discussed, the official added. Read more
