Business news

Tirupati-bound SpiceJet flight returns to Hyderabad due to technical snag

SpiceJet's stock falls over 5 pc over weak Q1 results

The budget carrier slipped into losses during the April-June quarter, reporting a consolidated net loss of Rs 234 crore. On a standalone basis, the airline reported a net loss of Rs 235.08 crore. This is a sharp reversal from the net profit of Rs 158.18 crore it had posted in the same quarter previous year. Sep 8, 2025
Pahalgam terror attack: Nirmala Sitharaman cuts short US-Peru visit

Nil GST on life, health insurance to boost affordability, consumption

The move comes as part of the broader GST rationalisation, which merged the 12 per cent slab with 5 per cent and subsumed the 28 per cent into 18 per cent. Health and life insurance, which earlier attracted 18 per cent GST, have now been moved to the nil tax category. Sep 8, 2025

Jan 1, 1970
Indian stock market rally continues for 3rd consecutive day, Sensex jumps 213 points

Stock market opens higher, auto stocks lead rally over GST booster

Among sectoral indices, the Nifty Auto was the top gainer, rising 1.52 per cent, followed by Nifty Metal and Nifty Realty. In the Nifty pack, Tata Steel (up 2.57 per cent), Tata Steel, Tata Motors NTPC, Hindalco and SBI were the major gainers, while losers included SBI Life Insurance, Asian Paints, Dr Reddys Labs, Titan Company and Trent. Sep 8, 2025
Gold, silver prices hit record high amid global uncertainties

Gold jumps by Rs 4,000 this week, silver crosses Rs 1.23 lakh per kg

The price of 22-carat gold has risen to Rs 97,406 from Rs 93,787, while 18-carat gold has climbed from Rs 76,791 to Rs 79,754 per 10 grams. Silver too witnessed a strong rally. During the review period, its price rose by Rs 5,598 to Rs 1,23,170 per kilogramme, up from Rs 1,17,572 earlier. Sep 7, 2025
CBIC denies viral claims on GST transition benefits from Sep 22, calls message misleading

CBIC denies viral claims on GST transition benefits from Sep 22, calls message misleading

"It has come to notice that an informal message claiming to be from Chairman CBIC is being widely circulated on social media, claiming that certain transition benefits under GST will be applicable from September 22 on issues related to unutilised cess credit, ITC of exempted supplies and new price adjustment provisions. It is hereby informed that such claims are factually incorrect and misleading," CBIC said in its post. Sep 7, 2025
GST rate cuts big relief for FMCG, apparel, footwear, restaurants: Report

GST Slash on Personal Care, Apparel, and QSR Inputs to Drive Demand, Margins

Footwear below Rs 1,000 faced 12 per cent GST while those above Rs 1,000 had 18 per cent. Apparel and footwear priced between Rs 1,000 and Rs 2,500 will be taxed at only 5 per cent. For apparel priced above Rs 2,500, the GST has been raised to 18 per cent from the earlier 12 per cent, while footwear above Rs 2,500 continues at 18 per cent. Sep 7, 2025
Sensex, Nifty open lower amid uncertainty around Trump tariffs

Stock market outlook: Key factors to watch next week

On September 12, the government will release retail inflation figures. Retail inflation stood at 1.55 per cent in July -- reflecting the pace at which prices of goods are rising and offering insights into demand and supply conditions in the economy. Sep 7, 2025
'GST 2.0 a Huge Gift to People,' Says Ashwini Vaishnaw, Hails PM Modi's New Reforms

'GST 2.0 a Huge Gift to People,' Says Ashwini Vaishnaw, Hails PM Modi's New Reforms

The GST 2.0 reforms, approved by the 56th GST Council, aim to simplify the tax structure by transitioning from a multi-slab system to a primary two-slab system of 5 per cent and 18 per cent, effective from September 22, 2025. This overhaul is designed to make essential goods and services more affordable, reduce the compliance burden on businesses, and stimulate consumption-led economic growth. Previously, the GST structure comprised four slabs of 5 per cent, 12 per cent, 18 per cent, and 28 per cent. Sep 6, 2025
Indian stock market rally continues for 3rd consecutive day, Sensex jumps 213 points

GST 2.0 Fuels Stock Market Gains Despite Choppy Trading

The Nifty IT slipped over 2.5 per cent this week amid concerns of reduced discretionary spending, driven by economic uncertainty, elevated rates, and geopolitical risks. Sector-wise, Nifty Metal and Auto indices gained around 1 per cent each, while Realty and FMCG slipped up to 1.5 per cent on profit booking. Sep 6, 2025
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