Gold rate today: Gold prices soared by Rs 900 to Rs 1,06,970 per 10 grams in the national capital on Friday, edging closer to record highs amid rupee weakness, firm global trends, and expectations of a US Federal Reserve rate cut later this month.According to the All India Sarafa Association, gold of 99.5 per cent…
Tesla CEO Elon Musk could be in line for a payout worth as much as $1 trillion if the electric carmaker meets a series of highly ambitious targets over the next decade, according to a regulatory filing released on Friday, the news agency AP reported.The proposed package includes a dozen share tranches linked to goals…
The Gem and Jewellery Export Promotion Council (GJEPC) on Friday said that recent GST reforms have delivered significant relief to the diamonds and jewellery sector, easing costs for both exporters and consumers.The government’s move to exempt imports of natural cut and polished diamonds up to 25 cents under the Diamond Imprest Authorisation Scheme (DIAS) from…
India is strengthening efforts to build a safer and more resilient road network by deploying technology-enabled, data-driven platforms such as the Integrated Road Accident Database (iRAD), according to a report released by FICCI and Crisil.The report highlighted that iRAD, developed by the National Informatics Centre (NIC), has been implemented nationwide across all 36 states and…
Government think-tank Niti Aayog has outlined a comprehensive strategy to make India self-sufficient in pulses by 2030 and double production by 2047, projecting output to rise from 26.06 million tonnes (MT) in 2022 to 34.45 MT by 2030 and further to 51.57 MT by 2047.According to the report, the projections are based on aggregate as…
India’s food processing sector, which contributes 7.7% to the country’s manufacturing output and supports more than 7 million jobs, is projected to grow to $535 billion by FY26, industry experts said at the Fi India and ProPak India event organised by Informa Markets.The industry is being propelled by rising consumption, higher exports, government support under…
CHENNAI: While cars, two wheelers and SUVs may have gotten cheaper, the new GST slabs have thrown up a Rs 2,500 crore pinch for passenger vehicle dealerships. With the compensation cess set to lapse on Sept 22, passenger vehicle dealers stuck with old stock at higher tax rates will face a sharp pinch with no…
Industry leaders and experts have said the newly announced GST 2.0 reforms will provide much-needed support to sectors impacted by the recent US tariff hikes, easing costs for consumers and boosting domestic demand. As per news agency ANI, stakeholders from textiles, automobiles, jewellery, exports and finance believe the rationalisation will help offset challenges posed by…
The latest Goods and Services Tax (GST) rate rationalisation is expected to deliver a significant boost to the fast-moving consumer goods (FMCG) sector, according to a report by Nuvama.As per news agency ANI, the brokerage noted that almost the entire FMCG pack will benefit from the announced tax cuts, which are likely to translate into…
MUMBAI: India’s second-generation GST reforms will benefit consumers with lower prices and companies in terms of ease of doing business, said RIL chairman Mukesh Ambani. Calling the reforms progressive and a historic Diwali gift to citizens, Ambani said this will be a “big booster to consumption-driven growth”. “The GST rationalisation is a progressive step towards…
