Business

Following the withdrawal of Western companies, Indian MSMEs and exporters have a significant opportunity to expand into the Russian market. ITE Group is facilitating this expansion through roadshows, highlighting the growing demand for Indian products like food, technology, and equipment. Bilateral trade has surged, and both countries aim for $100 billion by 2030, emphasizing increased…

Gold prices are expected to consolidate as investors await the US Federal Reserve’s policy meeting. Geopolitical tensions and central bank demand continue to support bullion, with gold surpassing inflation-adjusted peaks. Silver mirrored gold’s gains, driven by industrial use and ETF inflows, with analysts anticipating further upward momentum for precious metals.

Finance Minister Nirmala Sitharaman hailed the latest GST reforms as beneficial for all Indians, reducing the tax burden and stimulating the economy. Almost all items previously taxed at 12% are now at 5%. These changes, effective from September 22, simplify GST and aim to boost demand, fostering trust and propelling India towards its 2047 vision.

Last week witnessed a significant surge in the combined market valuation of eight of the top ten domestic firms, climbing by Rs 1,69,506.83 crore, mirroring the positive momentum at Dalal Street. Bajaj Finance emerged as the frontrunner, while Infosys, TCS and Reliance Industries also saw substantial gains in market capitalization.