Friday, September 11
NEW DELHI: The proposed goods and services tax (GST) recast could perk up the small passenger car market, which has been under pressure for some time amid a growing preference for larger vehicles such as SUVs.Small cars are likely to be placed in the 18% tax slab, substantially reducing the tax burden on them, people familiar with the matter said. Small cars of 4 metres and less in length and engine capacity up to 1,200 cc (petrol, CNG and LPG) now attract 28% GST and 1% cess. Large cars and SUVs are likely to face the special rate of 40%, they said. Currently, these vehicles attract 43-50% tax, which includes GST and cess.There will likely be no change in the GST rate for electric vehicles, currently at 5%, the people said.Prime Minister Narendra Modi announced an overhaul of the eight-ye
Air Canada said on Sunday it has suspended its plans to restart operations after the Canadian Union of Public Employees directed its flight attendant members to defy a direction from the Canadian Industrial Relations Board to return to work. The airline said it will resume flights as of Monday evening.
President Donald Trump walked into a summit with Russia's Vladimir Putin pressing for a ceasefire deal and threatening "severe consequences" and tough new sanctions if the Kremlin leader failed to agree to halt the fighting in Ukraine.123332059 Instead, Trump was the one who stood down, dropping his demand for a ceasefire in favour of pursuing a full peace accord - a position that aligns with Putin's. After calls with Ukrainian President Volodymyr Zelenskyy and European leaders, Trump wrote as he flew home from Friday's meeting in Alaska that it had been "determined by all that the best way to end the horrific war between Russia and Ukraine is to go directly to a Peace Agreement, which would end the war, and not a mere Ceasefire Agreement, which often times do not hold up." It was a drama
The combined market valuation of five of the top-10 most valued firms increased by Rs 60,675.94 crore last week, with State Bank of India and HDFC Bank emerging as the lead gainers in line with a positive trend in equities.In a holiday-shortened last week, Sensex climbed 739.87 points or 0.92 per cent, and the Nifty edged higher by 268 points or 1.10 per cent.From the top-10 pack, Reliance Industries, HDFC Bank, Bharti Airtel, State Bank of India and Infosys saw an addition in their valuation, while Tata Consultancy Services (TCS), ICICI Bank, Hindustan Unilever Ltd, Life Insurance Corporation of India (LIC) and Bajaj Finance faced erosion from their market capitalisation (mcap).The valuation of State Bank of India jumped Rs 20,445.82 crore to Rs 7,63,095.16 crore, the most among the top-1
Foreign investors offloaded Indian equities worth nearly Rs 21,000 crore in the first half of August, pressured by US-India trade tensions, lacklustre first-quarter corporate earnings, and a weakening rupee.With this, the total outflow by Foreign Portfolio Investors (FPIs) in equities reached the Rs 1.16 lakh crore mark so far in 2025, according to data with the depositories.The FPI activity will be influenced by the action on the tariff front ahead.The recent easing of tensions between the US and Russia, coupled with the absence of fresh sanctions, suggests that the proposed 25 per cent secondary tariff on India is unlikely to take effect after August 27, a clear positive for the market, Vaqarjaved Khan, CFA - Senior Fundamental Analyst, Angel One, said.Also, S&P has upgraded India's
