Finance

'Plays vital role to realise Viksit Bharat', PM Modi on Nirmala Sitharaman's birthday

GST reforms will bring transparency to India's tax system, correct inverted duty structure: FICCI

The GST Council's newly-approved two-tier GST structure, effective from September 22, 2025, will benefit labour-intensive industries, households, and consumption-driven growth, the industry group said.

Sep 4, 2025

SEBI reminds investors to link PAN with Aadhaar before Sep 30

How SEBI is enhancing investor security with new mandates

With a goal to reduce unauthorized access, SEBI's key measures include SIM-binding, biometric verification, QR-code-based logins, temporary account lock, and centralized call-and-trade systems.

Sep 3, 2025

Trump says no tariffs on gold imports, extends China tariff deadline

Gold, silver ETFs rally on US Fed rate cut expectations, festive demand

Spot gold had touched $3,493.10 per ounce, approaching its April record of $3,500.05 at market close. The December gold futures rose to $3,546.10 per ounce and silver reached $40.84 per ounce, marking its highest point since 2011.

Sep 2, 2025

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GST meet, auto sales, GDP data and global cues to drive stock market next week

The GST Council is scheduled to meet on September 3–4 to discuss possible tax cuts. At the same time, auto sales numbers will start coming in from Monday, offering key insights into the health of the economy.

Aug 31, 2025

Centre transfers over Rs 4.28 lakh crore as tax revenue to states

The Centre has transferred Rs 4,28,544 crore to state governments as devolution of share of taxes during this period, which is Rs 61,914 crore higher than the previous year, the Finance Ministry said.

Aug 29, 2025

Indian stock market ends lower amid US tariff jitters, Sensex declines 765 points

GST Reforms Fuel Market Confidence Despite Global Headwinds

"However, the rally lost momentum toward the end of the week as investors turned cautious due to profit booking and external headwinds. A spike in the 10-year Indian government bond yield also raised concerns about the fiscal position in light of the GST reforms," said Vinod Nair, Head of Research, Geojit Investments Ltd.

Aug 23, 2025

Include mobile phones in 5 pc GST slab of essential goods: Industry

Include mobile phones in 5% GST slab of essential goods: Industry

"The mobile phone is no longer an aspirational good; it is an essential digital infrastructure for education, healthcare, financial inclusion, and governance. It should rightly be taxed at 5 per cent GST, in line with the Prime Minister's GST reform agenda and his vision of a $500 billion electronics ecosystem," said Pankaj Mohindroo, Chairman, ICEA.

Aug 19, 2025

Banks to clear cheques within few hours starting October 4: RBI

The RBI decided to transition CTS from batch processing to continuous clearing with 'on-realisation-settlement' to improve the efficiency of cheque clearing, reduce settlement risk for participants, and enhance customer experience.

Aug 14, 2025

SEBI Proposes Special AIF Schemes Exclusively for Accredited Investors

SEBI has proposed a new category of Alternative Investment Fund (AIF) schemes open only to accredited investors—those meeting specified wealth, net worth, and income criteria certified by a SEBI-recognised agency. The plan aims to replace the current Rs 1 crore minimum investment rule with accreditation status as the sole eligibility criterion, with a transition period where both rules apply.

Aug 9, 2025

ICICI bank hikes minimum account balance for new customers

ICICI Bank Raises Minimum Balance Requirement for New Customers

ICICI Bank has increased the monthly minimum average balance (MAB) for new savings account holders effective August 1. Customers in metro and urban areas opening accounts after this date must maintain an MAB of ₹50,000, while semi-urban and rural customers need ₹25,000 and ₹10,000 respectively. Existing customers will retain the earlier lower limit.

Aug 9, 2025

NSDL IPO issue oversubscribed by 15 times

NSDL shares list at 10 pc premium over issue price, touch intraday high of Rs 920

Shortly after listing, the stock reached an intraday high of Rs 920. As of 11.45 A.M., NSDL shares were trading at Rs 913.65, up 33 points or 3.82 per cent from its listing price.

Aug 6, 2025

RBI leaves repo rate unchanged at 5.5 pc, sticks to neutral stance

The RBI Governor said that inflation had come down to much lower levels there was still some volatility in food prices, especially vegetables. However, core inflation had remained steady at around 4 per cent.

Aug 6, 2025

Budget 2025-26: CII seeks cut in income tax, 3-tier Customs duty to spur growth

Finance Act 2025 provides substantial relief under new tax regime: Minister

The new measures will play a significant role in creating a fair and equitable system of direct taxation that ensures no additional burden of direct taxes on the working and middle-class population of the country, Minister of State for Finance, Pankaj Chaudhary, told the Lok Sabha in a written reply.

Aug 4, 2025

India projected to see salary hikes between 6.2-11.3 pc across industries in FY26

According to the report, top roles within industries with the highest salary increment are Electrical Design Engineer (12.4 per cent) in EV and EV Infrastructure, In-Store Demonstrator (12.2 per cent) in Consumer Durables, Relationship Executive (11.6 per cent) in NBFC, and Fashion Assistant (11.2 per cent) in Retail.

Jul 29, 2025

Strong dollar keeps rupee in check; gold loses shine on easing tariff war

The price of 24-carat gold (10 gram) started the week at Rs 98,896 on Monday, rose to Rs 1,00,533 on Wednesday, and ended the week at Rs 98,880, according to data published by the India Bullion and Jewellers Association (IBJA).

Jul 26, 2025