Business news

Number of Jan Dhan accounts crosses 55 crore, FM Sitharaman tells banks to reach out more

Explained: How GST rate rejig is going to boost businesses, empower common man

"Food preparations not elsewhere specified will attract a GST rate of 5 per cent. Bread was already exempt, while pizza bread, roti, porotta, paratha, etc., attracted different rates. All Indian breads, by whatever name called, have been exempted even though only a few goods have been mentioned by way of illustrative example," the ministry said. 11 days ago
Indian rupee strengthens against US dollar

Rupee forecast: Analysts predict steady decline amid tariff pressures

The Indian rupee will avoid a further dramatic slide after falling through 88 per U.S. dollar this week, according to a Reuters poll of foreign exchange analysts, but over one-third expect the currency to drift toward 90 as long as hefty U.S. tariffs on Indian goods stay in force. 12 days ago
Sensex, Nifty trade flat after mild early losses; realty stocks gain

Indian equity indices edge higher as GST Council meet begins

Nifty ended the session at 24,715.05, up 135.45 points or 0.55 per cent. The Indian equities closed higher after a mixed start to the session, buoyed by expectations of a consumption-led stimulus from the potential GST slab rationalisation, said analysts. 12 days ago
Sensex, Nifty open with gains as potential rate cut in US boosts sentiment

Nifty, Sensex open flat as investors eye GST Council meet outcome

As of 9.29 am, the Sensex moved 32 points up, or 0.04 per cent to 80,190, while the Nifty 50 inched up 2 points, or 0.01 per cent to 24,582. The broadcap indices, Nifty Midcap 100 advanced by 0.278 per cent, and the Nifty Smallcap 100 inched up 0.36 per cent. 12 days ago
Stock market ends volatile session slightly lower ahead of GST Council meet

Stock market ends volatile session slightly lower ahead of GST Council meet

Sensex closed at 80,157.88, down 206.61 points or 0.26 per cent. The 30-share index started the session with a decent gap-up at 80,520.09 against last session's closing of 80,157.88, buoyed by the affirmative SCO summit and strong GST collection data. The index escalated further to touch an intra-day high at 80,761.14; however, it fell into negative territory amid profit booking. 13 days ago
Over 150 products may see rate cut in GST Council meet this week

Over 150 products may see rate cut in GST Council meet this week

The proposals to move various items from the 12 per cent and 18 per cent GST slabs to the 5 per cent slab or to the nil GST category aim to reduce the tax burden for households and boost spending. GST council plans to overhaul the rate structure, replacing the current four-rate structure with a two-rate structure. 13 days ago
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