A Trump administration advisor has urged India to cease purchasing Russian crude oil, asserting that India is strengthening ties with Russia and China. Peter Navarro suggests India’s actions undermine its strategic partnership with the US.
Mumbai Indians, Royal Challengers Bengaluru, and Lucknow SuperGiants experienced revenue declines in FY25. Mumbai Indians’ profits fell to Rs 84 crore, while RCB’s revenue decreased to Rs 514 crore due to fewer IPL matches. LSG reported a turnover of Rs 557 crore with Rs 72 crore losses, contrasting with the previous year’s profit.
Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, soared in opening trade on Monday. While Nifty50 went above 24,900, BSE Sensex was up over 900 points.
Foreign portfolio investors significantly reduced their Indian equity holdings in early August 2025, totaling over Rs 21,000 crore in outflows. This was triggered by trade disputes with the US, lackluster corporate earnings, and a weakening rupee. However, a potential credit rating upgrade and easing US-Russia tensions could positively influence future FPI outlook.
Prime Minister Narendra Modi announced the circulation of the draft for next-generation GST reforms among states, urging their cooperation for implementation before Diwali. These reforms aim to simplify the GST law and revise tax rates, benefiting the poor, middle class, and businesses. Modi emphasized the government’s continuous focus on reforms to ease the lives of…
Sebi witnessed a surge in settlement applications, receiving 703 in 2024-25, a notable increase from the previous year. The regulator settled 284 cases, collecting significant settlement charges and disgorgement amounts related to various securities law violations. Simultaneously, difficult-to-recover dues rose to Rs 77,800 crore, even as Sebi actively addressed appeals before the Securities Appellate Tribunal.
The rollout of E20 fuel in India has sparked concerns among vehicle owners regarding fuel efficiency and performance. Many report mileage drops and engine issues, particularly in non-E20-compliant vehicles. While the government touts economic and environmental benefits, experts emphasize the need for greater consumer awareness and OEM education to mitigate negative impacts.
Economists believe that the government’s proposed GST rationalisation will bolster domestic consumption, providing crucial support to the Indian economy amidst global headwinds like US tariffs. The reforms, benefiting MSMEs and consumers, aim to simplify the tax structure and boost disposable income. Reduced rates on essentials and consumer durables are expected to stimulate demand and offset…
Prime Minister Narendra Modi inaugurated two significant highway projects in Delhi-NCR, totaling nearly Rs 11,000 crore. These projects include the Delhi section of the Dwarka Expressway and the Alipur–Dichaon Kalan stretch of Urban Extension Road-II (UER-II).
A comprehensive GST 2.0 revamp is on the horizon, aiming to overhaul India’s indirect tax system by resolving classification conflicts and duty inversions. The proposed changes, including rate rationalization and enhanced coordination between tax authorities, seek to provide businesses with greater certainty.
