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business

tobacco products

India to impose higher excise duty and health cess on tobacco, pan masala from February 1

New tax regime to replace GST compensation cess, signaling a tougher stance on sin products.

RBI

RBI unveils emergency lifeline for exporters hit by 50% US tariffs

Moratorium, extended credit cycles and eased norms move fast to prevent a liquidity crunch across trade sectors.

ED

ED arrests Jaypee Infratech MD Manoj Gaur in ₹12,000-crore homebuyer funds laundering scandal

Investigators allege massive diversion of money meant for housing projects; Enforcement Directorate seizes cash, documents, and digital records in multi-city raids.

Reliance Group chairman Anil Ambani

ED summons Anil Ambani again as loan fraud probe intensifies

The Reliance Group chairman has been called for a second round of questioning on November 14 as investigators track alleged multi-crore fund diversion, evergreening of loans and mounting unpaid dues.

gst

GST cuts spark festive boom: Bank credit doubles as India’s spending spree powers post-monsoon surge

Lower taxes, soaring consumer confidence, and festival offers drive record growth in retail loans and demand for vehicles, homes, and white goods.

ford

Ford returns to Chennai with ₹3,250 crore powertrain revival but not its cars

Four years after its India exit, the American automaker is back to build next-gen engines for global markets, signalling a strategic reboot without re-entering the domestic car race.

Lokpal

Lokpal BMW purchase sparks outrage over luxury choice

The anti-corruption body’s plan to buy seven BMW sedans has triggered backlash, with calls to cancel the tender and opt for Made-in-India electric vehicles.

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