Another area where substantial progress has been made is product classification. By Sanket Desai, Tax Partner, EY IndiaAs India completes nine years of the Goods and Services Tax (GST), the reform has emerged as one of the most significant catalysts for change in the FMCG sector. Introduced in July 2017, GST replaced a multitude of…
Donald Trump gains $1.4 billion from crypto (AP) US President Donald Trump’s latest financial disclosure has revealed a dramatic shift in the source of his wealth, with cryptocurrency emerging as the biggest contributor to his income.The annual disclosure filed with the US office of government ethics showed Trump reported more than $1.4 billion in income…
Voltas sells 1 million units in 81 days as India sizzles MUMBAI: Voltas entered the new financial year on a strong footing, with its room air conditioning business crossing the milestone of one million units in a record 81 days, chairman Noel Tata said Tuesday at what marked his final annual general meeting as chairman…
MUMBAI: Banks’ bad loans, which are at a multi-decadal low, are expected to rise marginally to 1.9% by March 2028 under a baseline scenario from 1.8% in March 2026, even as capital ratios are projected to moderate over the same period according to RBI’s bi-annual Financial Stability Report. According to the macro stress test results…
Seeking mobile numbers for policy information ‘dark pattern’: Irdai chief Ajay Seth (Image/ANI) MUMBAI: Irdai has flagged insurers seeking personal information to provide quotes or policy details as a ‘dark pattern’ and has commissioned a study by a public policy institute to define and track such practices over nine months. Speaking at an event organised…
Nifty closed at 23,865.75, declining 80.50 points, while Sensex settled at 76,478.67, down 249.70 points Indian equity markets ended lower on Tuesday as selling pressure in information technology stocks weighed on benchmarks, while electric vehicle (EV) companies emerged as bright spots after the Delhi government announced a new EV policy aimed at boosting adoption of…
45% of homes will need electrical upgrades to charge EVs: Study NEW DELHI: Amid the push for EVs and Delhi govt’s policy of stopping registration of CNG- and petrol-fuelled threewheelers from Jan 2027 and two-wheelers from April 2028, a study released Tuesday has found nearly 45% of Indian homes need electrical upgrades to safely charge…
MUMBAI: India’s invisible surplus widened sharply in the quarter ended Mar 2026 and over FY26, driven by strong services exports and higher remittances, while primary income outflows remained contained.The surplus rose to $90,513.93 million in Q4 FY26, up 24.05% from $72,968.57 million a year earlier. For FY26, it expanded to $312,047.60 million, up 18.20% from…
NEW DELHI: The Centre on Tuesday revised the windfall tax on fuel exports, increasing the levy on petrol while reducing duties on diesel and aviation turbine fuel (ATF). The revised rates will come into effect from July 1.According to a finance ministry notification, the special additional excise duty (SAED) on petrol exports has been increased…
Despite gains, the S&P 500 and Nasdaq remained on course to end June with their first monthly declines after two strong months US stocks traded mixed to higher on Tuesday, the final trading session of June, with investors balancing a rebound in artificial intelligence (AI) stocks, resilient economic data and lingering concerns over interest rates…