Business

India’s packaged foods sector anticipates a boost from proposed GST rate rationalization, potentially igniting Diwali sales. The government plans to consolidate GST slabs, primarily reducing rates on consumer goods to stimulate spending. Experts believe lower prices will revitalize urban demand and increase purchasing power, benefiting both consumers and FMCG companies, ultimately fueling economic growth.

The FASTag Annual Pass is gaining popularity. It crossed five lakh users in four days. The pass was launched on Independence Day. It allows non-commercial vehicles for one year. Tamil Nadu, Karnataka, and Haryana lead in purchases. Transactions are high in these states and Andhra Pradesh. The Rajmargyatra App facilitates activation. NHAI is addressing user…

India’s consumption is set for a boost. Morgan Stanley reports that GST reforms and income tax cuts will drive demand. The government plans a simplified GST system with fewer slabs. This could significantly impact growth, fiscal balance, and inflation. Experts predict a positive effect on growth. Consumption accounts for a large portion of India’s GDP.

India’s unemployment rate experienced a decrease to 5.2% in July from 5.6% in June, as indicated by the government’s recent labour force survey. Rural areas saw improvement, with joblessness falling to 4.4%, while urban areas saw a slight increase to 7.2%. The Labour Force Participation Rate also rose to 41.4% nationally, reflecting a positive trend…

Qantas Airways faced a penalty of $59 million for unfairly firing over 1,800 ground staff during the Covid-19 pandemic. This is in addition to the $78 million compensation already agreed upon. The court found the airline guilty of serious labor law breaches. Qantas CEO Vanessa Hudson apologized for the hardship caused.

Stock market recommendations:Motilal Oswal Financial Services recommends HDFC Life and Hindustan Aeronautics as top stock picks for the week starting August 18, 2025. HDFC Life’s strong Q1 performance, driven by APE and VNB growth, positions it favorably. Hindustan Aeronautics boasts a robust order book and margin expansion, with Tejas deliveries being a key growth catalyst.

Gold price prediction today: Gold prices are expected to fluctuate due to various global factors. Easing safe-haven demand and geopolitical developments impacted the metal, despite support from dovish US rate expectations. Investors are awaiting US PMI data, Fed Chair Powell’s speech, and updates from the Jackson Hole symposium for policy signals.

Software services companies are adopting a cautious hiring approach for the second half of FY25, projecting a 3-5% growth focused on skilled freshers and junior roles. While overall IT recruitment faces global pressures, demand for AI, cloud, and cybersecurity skills remains strong. Companies prioritize cost optimization and invest in entry-level talent with new-age skills.

US State Secretary Marco Rubio has warned of potential energy price hikes if the US imposes secondary sanctions on China for processing Russian oil. This comes amid concerns over the US’s approach, with tariffs on India for similar purchases. Rubio highlighted that China refines Russian oil and sells it globally, impacting prices.