Category: Business

Business

Rupee hits fresh low, closes 15 paise down at 88.27 against U.S. dollar

September 5, 2025 admin

Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto The rupee declined 15 paise to close at an all-time low of Rs 88.27 (provisional) against the U.S. dollar on Friday (September 5, 2025) amid sustained outflow of foreign funds and fear of additional U.S. tariffs against India. A weak greenback and falling crude…

Business

Centre to keep vigil to ensure GST benefits passed fully to consumers, says Piyush Goyal

September 5, 2025 admin

File photo of Union Minister Piyush Goyal | Photo Credit: ANI The Centre will keep vigil to ensure that the benefits of GST rationalisation are passed on fully to consumers, Union Minister Piyush Goyal said on Friday (September 5, 2025), stating that the industry has given him assurance that the entire fall in taxes on…

Business

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

September 5, 2025 admin

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…

Business

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

September 5, 2025 admin

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…

Business

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

September 5, 2025 admin

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…

Business

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

September 5, 2025 admin

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…

Business

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

September 5, 2025 admin

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…

Business

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

September 5, 2025 admin

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…

Business

Trump vows ‘fairly substantial’ chip tariffs soon

September 5, 2025 admin

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…

Business

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

September 5, 2025 admin

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….

Business