Category: Business

Business

Closely monitoring situation, says Tata Group-owned Indian Hotels on malware incident

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Closely monitoring situation, says Tata Group-owned Indian Hotels on malware incident

Indian Hotels Company Limited (IHCL) informed about the incident in a regulatory filing. Photo: in.linkedin.com The country’s biggest hospitality player Indian Hotels Company Limited has reported a malware incident, saying immediate action has been taken to contain the impact and secure its systems, maintaining that the Tata Group-owned firm is closely monitoring the situation while…

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Adani Power gets shareholders’ nod for 1:5 stock split

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Adani Power gets shareholders’ nod for 1:5 stock split

Image used for illustration purpose only. | Photo Credit: Reuters Adani Power on Friday (September 5, 2025) said it has received shareholders’ approval for a stock split in the ratio of 1:5 through a postal ballot notice issued on August 1, 2025. The resolution has been considered as duly passed with the requisite majority, as…

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Business

GST reforms will cause ₹3,700 crore revenue loss to government: SBI report

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GST reforms will cause ₹3,700 crore revenue loss to government: SBI report

At the 56th meeting of GST Council meeting, the current four-tier structure has been replaced with a two-tier one, with a standard rate of 18% and five per cent, and de-merit rate of 40% on selected few goods and services. | Photo Credit: Getty Images The State Bank of India (SBI) in its latest research…

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Business

Amazon India sees 170% rise in one-day deliveries in Kolkata

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Amazon India sees 170% rise in one-day deliveries in Kolkata

Arindam Ganguly, Director, Amazon Transportation Services – India, briefs the media about Great Indian Festival in Kolkata on September 4, 2025. The E-Commerce giant reports a major surge in premium luxury product sales across Kolkata and West Bengal. | Photo Credit: Debasish Bhaduri Kolkata Amazon India has reported a 170% year-on-year growth in one-day deliveries…

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Business

Rupee rises 1 paisa to 88.11 against U.S. dollar in early trade

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Rupee rises 1 paisa to 88.11 against U.S. dollar in early trade

Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto The rupee rose 1 paisa to 88.11 against the U.S. dollar in early trade on Friday (September 5, 2025) on the back of a weaker greenback and a drop in global crude oil prices. However, sustained FII outflows capped further gains in the local…

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Business

Stock markets rally in early trade; Sensex climbs over 300 points

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Stock markets rally in early trade; Sensex climbs over 300 points

A view of the Bombay Stock Exchange in Mumbai. | Photo Credit: Reuters Benchmark equity indices Sensex and Nifty rallied in early trade on Friday (September 5, 2025), buoyed by GST rate cuts announcement and a positive trend in global markets. The 30-share BSE Sensex climbed 318.55 points to 81,036.56 in early trade. The 50-share…

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Business

Trump vows ‘fairly substantial’ chip tariffs soon

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Trump vows ‘fairly substantial’ chip tariffs soon

He did not give a timetable or details for the new levy, which he has repeatedly threatened in the past, to be enacted [File] | Photo Credit: REUTERS U.S. President Donald Trump said Thursday the United States will soon put a “fairly substantial tariff” on semiconductors coming into the country, after previously threatening a 100-percent…

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Business

Renewable Energy industry sees boost to domestic manufacturing, lower tariffs with GST reductions 

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Renewable Energy industry sees boost to domestic manufacturing, lower tariffs with GST reductions 

Image for representational purposes only. | Photo Credit: istock/imacoconut The GST Council’s recommendation to reduce the taxation rate on renewable energy devices, relating to solar, wind and biogas, and on parts required to manufacture them, from 12% to 5% has been welcomed by the industry as a step towards spurring domestic manufacturing by easing capital expenditures….

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Business

Swipe now, pay forever | Credit card debt in India is no longer a silent crisis

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Swipe now, pay forever | Credit card debt in India is no longer a silent crisis

On the ‘Credit Cards India’ subreddit, a user writes, “Lost my job, ₹80k in credit card debt, no income. What are my options?” Another says, “Drowning in credit card debt (ICICI, Axis, HDFC, Federal) — no income, no support. Please help.” A third asks, “Struggling with EMIs. Is foreclosure a good idea?” These are just…

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Business

Imposed tariffs against India for purchasing Russian energy products: Trump administration tells U.S. Supreme Court

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Imposed tariffs against India for purchasing Russian energy products: Trump administration tells U.S. Supreme Court

File picture of U.S. President Donald Trump. | Photo Credit: Reuters The Trump administration has told the U.S. Supreme Court that it imposed tariffs against India for purchasing Russian energy products “to deal with a preexisting national emergency regarding Russia’s war in Ukraine” and as a “crucial aspect” of the President’s push for peace in…

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