business

Sensex, Nifty soar as GST overhaul sparks market rally

Two-slab tax structure hailed as game changer; investors bet on surge in consumption.

Tobacco cess to stay until pandemic loans repaid, GST Council clears two-slab structure

GST 2.0 ushers in sweeping tax cuts and simpler two-slab regime from September 22

Philippines’ move clears path for India’s Basmati rice exports

Dream11 CEO says 95% of revenues wiped out by new online gaming law

With the enactment of the Promotion and Regulation of Online Gaming Bill, 2025, Dream11's core revenue stream has been significantly affected.

India–Russia trade surges fivefold to $68 billion, but deficit balloons to $59 billion, says Jaishankar

Amid US tariffs on Indian goods tied to its Russian oil imports, External Affairs Minister Jaishankar urges broader market access for Indian exports as bilateral trade soars.

GST cut on health, term insurance on the cards

Government mulls scrapping 18% levy or reducing it to 5%; move could slash premiums, boost coverage and widen insurance reach.

former Reserve Bank of India (RBI) governor

Trump tariffs could shave 50 bps off India’s growth, worsen jobless recovery, says former RBI governor

Duvvuri Subbarao warns of export shock, rising borrowing costs, and reputational risks from US rhetoric.

Surat diamond hub faces US tariff blow as exports and jobs hang in balance

A sudden 50% tariff on Indian polished diamonds threatens to wipe billions from exports, slash lakhs of jobs and shake the very foundations of the world’s largest cutting and polishing hub.

US tariffs on India may widen India–China stock gap, heighten export risks

India faces increasing economic pressure as steep 50% US tariffs jeopardize key export sectors, potentially opening the door for competitors while prompting urgent responses from India’s political and state leaders.