IBT Business Desk

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

Indian stock market rally continues, Sensex jumps 370 points

Sensex settled at 81,644.39, up 370 points or 0.46 per cent. The 30-share index started the session with a decent gap-up at 81,39.11 against last session's closing of 81,273.75. Continuing the last session's gaining momentum, the index touched an intra-day high at 81,755.88, buoyed by buying in auto, FMCG, oil and gas and others. Aug 19, 2025
Average daily UPI transactions reach Rs 90,446 crore by value in August

Average daily UPI transactions reach Rs 90,446 crore by value in August

"The share of peer-to-merchant (P2M) transactions in total value transactions has increased from mere 13 per cent in Jun 2020 to 29 per cent in July 2025. During the same period, the share in volume has increased to 64 per cent from 39 per cent, indicating robust growth in digital payments and financial inclusion," said the report. Aug 18, 2025
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GST reforms booster: Sensex surges 676 points, Nifty gains 245 points

Sensex closed at 81,273.75, up 676.09 points or 0.84 per cent. The 30-share index opened the session with a huge gap-up at 81,315.79 against last session's closing of 80,597.66. Buoyed by overall buying post the GST reform announcement, the index touched an intraday high at 81,765.77. Aug 18, 2025
Indian stock market ends lower amid US tariff jitters, Sensex declines 765 points

Sensex, Nifty jump over 1.3 pc; auto stocks lead rally

The BSE Sensex surged 1,056 points, or 1.31 per cent to 81,654 points. The Nifty 50 jumped 354 points, or 1.44 per cent up to 24,985. Sectorally, the Nifty Auto led the gains with 4 per cent jump. The Nifty Bank advanced 695 points or 1.26 per cent to settle at 56,037.15. Aug 18, 2025
'Diwali Gift' GST Reforms Touted as Big Step in Tax Efficiency

'Diwali Gift' GST reforms termed as big step in tax efficiency by CII

CII also applauded the heightened focus on strategic sectors, the push for Made-in-India semiconductor chips by year-end underscores India's emergence in global tech manufacturing, while the Sudarshan Chakra Mission, energy self-reliance, and space capabilities, including the plan for an indigenous space station, signal a transformative leap in indigenous innovation. Aug 16, 2025
Indian stock market ends lower amid US tariff jitters, Sensex declines 765 points

India's Forex reserves scale $693.6 bn after $4.75 bn boost

For the week ending on Aug 8, foreign currency assets, a major component of the reserves, increased by $2.84 billion to $583.98 billion. Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. Aug 16, 2025
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