IBT Business Desk

Articles by IBT Business Desk

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After GST rate cut, govt waives mandatory re-labelling of medicines

After GST rate cut, govt waives mandatory re-labelling of medicines

"All manufacturers/ marketing companies selling drugs/ formulations shall revise the Maximum Retail Price (MRP) of drugs/formulations (including medical devices). The manufacturers/ marketing companies shall issue a revised price list or supplementary price list to dealers and retailers for display to consumers, and to State Drug Controllers and the Government, reflecting the revised GST rates and revised MRP," the NPPA said. Sep 16, 2025
ITR filing deadline extended by a day to Sep 16

ITR filing deadline extended by a day to Sep 16

Taking to X late on Monday night, Income Tax India, which is the official account of the Income Tax Department, wrote: "KIND ATTENTION TAXPAYERS! The due date for filing of Income Tax Returns (ITRs) for AY 2025-26, originally due on 31st July 2025, was extended to 15th September 2025. Sep 16, 2025
Stock market ends flat; auto shares surge as IT and FMCG decline

Sensex, Nifty settle slightly lower amid mixed global cues

Sensex settled at 81,785.74, down 118.96 points or 0.15 per cent. The 30-share index started the session flat at 81,925.51 against the last session's closing of 81,904.70. The index remained range-bound, hitting intraday high and low at 81,998.51 and 81,744.70, respectively. Sep 15, 2025
Reserve Bank of India (RBI)

Low inflation to give RBI space to cut rates by 50 bps this year: Report

"The benign trend in headline CPI is likely to be perpetuated further by disinflationary impulses from low food prices, GST rate cuts and lack of input price pressures. As such, we expect headline CPI to average at 2.4 per cent year-on-year in FY26, allowing the RBI to cut rates by 25 bps (0.25 per cent) each in October and December," the report stated. Sep 15, 2025
Gold surges over Rs 3,300 in this week, Silver crosses Rs 1.28 lakh mark

Gold surges over Rs 3,300 in this week, Silver crosses Rs 1.28 lakh mark

Prices of 22-carat gold have climbed from Rs 97,406 to Rs 1,00,492 per 10 grams, while 18-carat gold has risen from Rs 79,754 to Rs 82,280 per 10 grams. Silver prices also gained significantly, rising by Rs 4,838 during the review period. The white metal now trades at Rs 1,28,008 per kg, up from Rs 1,23,170. Sep 14, 2025
GST reforms have reduced the tax burden on people: Nirmala Sitharaman

GST reforms have reduced the tax burden on people: Nirmala Sitharaman

"Earlier, GST had four categories. Now, we have simplified it into two slabs - 5 per cent and 18 per cent. Items that were taxed at 12 per cent and 18 per cent have largely been moved to the lower 5 per cent bracket. For certain essentials, tax has been reduced to zero. This reform will significantly benefit all 1.4 billion Indians," FM Sitharaman said. Sep 14, 2025
GST revamp to enhance mobility, promote healthier lifestyles for youth

GST revamp to enhance mobility, promote healthier lifestyles for youth

By lowering GST rates on gyms/fitness centres, two-wheelers, and small cars, the Government has not only reduced the financial burden on households but also advanced its long-term vision of promoting healthier lifestyles, affordable transportation, and improved ease of living. Sep 14, 2025
Gold and silver prices hit record high this week amid global uncertainty

Gold, Silver Prices Soar to Record Highs on Global Uncertainty

Silver mirrored gold's bullish momentum. The metal ended the week at Rs 1,28,008 per kilogram, higher by Rs 3,595 from Monday's Rs 1,24,413. Silver has also maintained its stronghold above the Rs 1.20 lakh level so far this month, underscoring robust investor appetite. Sep 13, 2025
Sensex, Nifty open with gains as potential rate cut in US boosts sentiment

Markets Cheer GST Reform Hopes; Nifty Gains 1.32% This Week

Benchmark indices Nifty and Sensex ended the week with a gain of around 1.32 per cent and 1.21 per cent, respectively, with the rally driven by auto and IT stocks. Midcap and smallcap stocks outperformed the benchmark indices. Sep 13, 2025
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