The GST Council is expected to approve significant tax rate changes for footwear and apparel, potentially reducing the tax burden on consumers. Items priced up to Rs 2,500 may fall under the 5% GST slab. The council also intends to eliminate the 12% and 28% slabs, streamlining the tax structure and promoting economic transparency.
Reliance Jio’s anticipated IPO by 2026 is poised to significantly impact India’s telecom sector, potentially triggering a rerating of Bharti Airtel. CLSA highlights Jio’s dominant 42% market share, driven by over 500 million subscribers and aggressive expansion. The IPO and tariff hikes are expected to fuel substantial revenue and EBITDA growth for Jio.
A sprawling bungalow on Motilal Nehru Marg, formerly Jawaharlal Nehru’s residence, is poised to be sold for approximately Rs 1,100 crore, potentially marking India’s most expensive residential deal. A businessman prominent in the beverage industry is reportedly acquiring the 3.7-acre property from its current owners, Raj Kumari Kackar and Bina Rani, after a year-long due…
Bank of Baroda expects India’s 10-year government bond yield to stay between 6.50 and 6.60 percent in September. The upcoming borrowing calendar is a key factor. A widening interest rate gap with the US supports this. The US Federal Reserve might cut rates, but the Reserve Bank of India is likely to maintain its stance.
Citi has appointed Kaustubh Kulkarni as co-head of Investment Banking Coverage for Japan, Asia North and Australia, and Asia South. Kulkarni, joining from JPMorgan after nearly three decades, will be based in Singapore and report to global banking head Viswas Raghavan.
German foreign minister Johann Wadephul’s visit to India reaffirmed the commitment to strengthen economic and strategic cooperation between the two nations. Discussions centered on trade facilitation, innovation, defence, and security, with a focus on finalizing the India-EU Free Trade Agreement by 2025.
The GST Council is considering a rate cut on health and term insurance, potentially making premiums more affordable. While a full exemption could lower premiums significantly, it may create a revenue shortfall for the government. Insurers might face short-term profitability pressures due to slower repricing, but long-term benefits include increased insurance penetration.
Donald Trump has accused India of being the ‘most tariffed nation,’ claiming a historically one-sided trade relationship favoring India. He stated India offered a ‘no tariff’ deal, but it’s ‘getting late.’
COP30 faces a significant challenge as only 4-5% of the promised $1.3 trillion climate action fund has been achieved. Vishwas Chitale emphasizes the urgency for developed nations to fulfill their commitments, while COP30 aims for broader synergies beyond finance.
With domestic gold prices soaring by 42.5% in the past year, Indian investors are increasingly drawn to the yellow metal. The article suggests that exposure to gold can be achieved through mutual funds, ETFs, and SIPs, offering advantages over physical gold by eliminating storage hassles and purity concerns.
