Category: Business

Business

FM Sitharaman addresses GoMs, explains the importance of the Centre’s GST proposals

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FM Sitharaman addresses GoMs, explains the importance of the Centre’s GST proposals

Union Finance Minister Nirmala Sitharaman. File. | Photo Credit: PTI Union Finance Minister Nirmala Sitharaman on Wednesday (August 20, 2025) addressed the three Groups of Ministers set up by the Goods and Services Tax (GST) Council to emphasise the importance of the Centre’s proposed reforms to the GST system, including the rate rationalisation efforts. The…

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AU Small Finance Bank unveils UPI for NRE, NRO account holders

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AU Small Finance Bank unveils UPI for NRE, NRO account holders

 AU Small Finance Bank (AU SFB), which recently got an approval from Reserve Bank of India (RBI) approval to turn into universal bank has launched Unified Payments Interface (UPI) services for its Non-Resident External (NRE) and Non-Resident Ordinary (NRO) account holders with international mobile numbers.  This rollout follows the National Payments Corporation of India’s directive allowing UPI transactions through international mobile…

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Online gaming Bill introduced in Lok Sabha, industry bodies protest prohibition of real-money games

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Online gaming Bill introduced in Lok Sabha, industry bodies protest prohibition of real-money games

Union Information Broadcasting Minister Ashwini Vaishnaw speaks in Lok Sabha. File | Photo Credit: Sansad TV/ANI Video Grab A Bill seeking to prohibit and regulate online gaming was introduced in the Lok Sabha on Wednesday (August 20, 2025) amid Opposition protests over electoral roll revision in Bihar. Union Minister Ashwini Vaishnaw introduced the Bill as…

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MSMEs in textiles, diamonds, chemicals to be most hit by U.S. tariffs: CRISIL Intelligence

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MSMEs in textiles, diamonds, chemicals to be most hit by U.S. tariffs: CRISIL Intelligence

Representational image only. | Photo Credit: Vijay Soneji “The imposition of higher tariffs by the U.S. will significantly impact the Micro, Small and Medium Enterprise (MSME) sector, which accounts for around 45% of India’s exports, while MSMEs in textiles, diamonds and chemicals are likely to be the most hit,” a report by CRISIL Intelligence said….

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Honda sets up new subsidiary in India for auto financing business, to apply for NBFC licence

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Honda sets up new subsidiary in India for auto financing business, to apply for NBFC licence

Hondo Motors believes that there would be more demand for financing of cars and motorcycles considering the growth in the automobile market in India.  File | Photo Credit: Getty Images Honda Motor Co. Ltd. of Japan on Wednesday (August 20, 2025) announced the establishment of a new company in India, Honda Finance India Private Ltd….

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Nifty, Sensex decline in early trade after four-day rally in-line with weak Asian peers

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Nifty, Sensex decline in early trade after four-day rally in-line with weak Asian peers

From the Sensex firms, Bajaj Finance, Tata Motors, Trent, Bajaj Finserv, Kotak Mahindra Bank and Tata Motors were among the laggards. However, Eternal, Bharti Airtel, Infosys and NTPC were among the gainers. | Photo Credit: The Hindu Equity benchmark indices declined in early trade on Wednesday (August 20, 2025) after a four-day rally tracking weak…

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U.S. seeks equity stake in Intel in return for funding

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U.S. seeks equity stake in Intel in return for funding

White House Press Secretary Karoline Leavitt confirmed Tuesday that Lutnick and the Commerce Department were working on the matter [File] | Photo Credit: REUTERS U.S. Commerce Secretary Howard Lutnick said Tuesday that chipmaker Intel should give the government an equity stake in the company in exchange for grants earlier committed by former president Joe Biden’s…

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