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’…
Indus Towers Ltd, India’s leading telecom infrastructure provider, has announced its first international expansion with plans to establish operations in Nigeria, Uganda, and Zambia. The move, approved by the company’s board, marks a significant step in diversifying beyond India and entering high-growth emerging markets. Strategic Rationale Managing Director…
UPL Ltd has announced that its subsidiary, Advanta Mauritius, will acquire Decco Holdings UK for $502 million. The deal, disclosed on September 2, 2025, is part of UPL’s internal restructuring and will consolidate Decco’s post-harvest solutions business under the company’s seed platform. Transaction Details Decco is currently a…
According to a report by Crisil, remittances to India surged to $33 billion in the first quarter of FY26, up from $28.6 billion a year ago. The rise in remittance inflows, alongside a stronger services trade surplus, helped narrow the current account deficit (CAD) to $2.4 billion, or…
According to an exchange filing on September 2, 2025, Tata Consultancy Services (TCS) has signed a €550 million, seven-year contract with Tryg, one of Scandinavia’s largest non-life insurers. The deal builds on their 15-year partnership and aims to modernize Tryg’s IT landscape across Denmark, Sweden, and Norway. Scope…