The 56th meeting of the Goods and Services Tax (GST) Council, chaired by Union Finance Minister Nirmala Sitharaman, concluded on September 4, 2025, after two days of deliberations. In one of the biggest tax overhauls since GST was introduced in 2017, the Council approved a rate reduction on…
In a major upgrade for salaried employees, the Employees’ Provident Fund Organisation (EPFO) is set to roll out EPFO 3.0, a new system designed to make provident fund access faster and more seamless. Under the initiative, members will soon be able to withdraw up to ₹1 lakh instantly…
Bharat Heavy Electricals Limited (BHEL) has received a significant order from MB Power (Madhya Pradesh) Limited for the supply of equipment to its upcoming 1x800 MW Anuppur Thermal Power Project in Madhya Pradesh. The order, valued at approximately ₹2,600 crore (excluding GST), was formalised through a Letter of…
Aditya Vision Ltd’s Chairman and Managing Director, Yashovardhan Sinha, has sold a 5.1% stake in the company through block deals on September 3, 2025, raising nearly ₹300 crore. According to stock exchange data, Sinha sold 32.6 lakh shares on the BSE at an average price of ₹460.37 and…
GST Overhaul: Only 5% and 18% Slabs to Remain, 40% for Super Luxury Items From September 22, India will move towards a simpler Goods and Services Tax (GST) structure, with only two primary slabs – 5% and 18%. The higher rate of 40% will continue to apply to…
Here are the major corporate developments and stock-specific updates investors should keep an eye on today. GST Reset to Impact Multiple Sectors FMCG, Consumer Durables, Dairy, Insurance, Agri, Automobiles, Cement, Healthcare – 90% of items have been moved into the 5% and 18% GST slabs, effective September 22.…
View on market: Volatility persists, eagerly searching for growth: Asian equities moved higher alongside Wall Street as weak US job openings data strengthened expectations of a Federal Reserve rate cut. Stocks in Japan, Australia and South Korea opened in the green, while futures for the S&P 500 and…
The State Bank of India (SBI), the country’s largest lender, has raised $500 million through 5-year dollar-denominated bonds, securing the lowest-ever borrowing cost achieved by an Indian issuer. The bonds were priced at just 75 basis points above US Treasury yields, translating into a coupon rate of 4.5%.…
According to revised payroll data from the Employees' Provident Fund Organisation (EPFO), India added 12.9 million net formal jobs in FY25, marking the second consecutive year of decline. This is marginally lower than 13.1 million in FY24 and a sharper drop from 13.8 million in FY23, when job…
TBO Tek Limited has announced an agreement to acquire Classic Vacations, a US-based luxury travel company, from The Najafi Companies in a deal valued at up to $125 million. The acquisition strengthens TBO’s position in the premium outbound travel segment, combining its global travel platform with Classic Vacations’…