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The Government is actively monitoring whether e-commerce platforms are passing on GST rate cut benefits on FMCG and daily essential items to consumers, officials said Tuesday.Following complaints that some online platforms have not fully reflected the reduced GST rates in their pricing, authorities have instructed field formations to track price changes closely. New GST Rates…
Gold rate today: Gold prices surged Rs 2,700 to hit a fresh peak of Rs 1,18,900 per 10 grams in the national capital on Tuesday, propelled by sustained global demand for the safe-haven asset and a sharp fall in the rupee following the US H-1B visa fee hike.According to the All India Sarafa Association, 99.9…
Swiss banking giant UBS will pay 835 million euros ($985 million) to settle a long-running legal case in France over assisting wealthy clients in evading taxes, the bank and French authorities announced on Tuesday.The settlement includes a 730-million-euro fine and 105 million euros in damages to the French state, bringing closure to the 14-year-old legal…
RmKV’s 2025 festive collection Since the opening of its first store at Tirunelveli, RmKV Silks has come a long way in the past 101 years. The RmKV management believes that this remarkable achievement has been possible because of the unwavering love of its customers, the unshakeable support of its business associates, and the tireless dedication…
The Indian rupee slipped to a record low of 88.75 against the US dollar on Tuesday, a fall of 47 paise that exporters said will improve price competitiveness in global markets, even as they flagged risks from volatility and higher import costs.Import-heavy sectors such as gems and jewellery, petroleum and electronics may derive limited benefit…
MUMBAI: British fashion brand NEXT is has its exclusive brand store in India’s Pune in partnership with Myntra Jabong India (MJIPL), the B2B wholesale entity of Myntra and its franchisee partners. As part of the strategic association with NEXT, MJIPL has the licensed rights to distribute the brand’s range of products and the brand’s rights…
China’s internet watchdog has moved against two major platforms, Bytedance owned news app Jinri Toutiao and Alibaba’s internet browser company UCWeb, accusing them of spreading harmful material. The move was announced on Tuesday, a day after Beijing launched a two-month campaign to tighten control over online content.The Cyberspace Administration of China (CAC) said on Monday…
Shell faces low oil prices and US tariff uncertainty (Image credits: X @Shell) US President Donald Trump’s tariffs are creating uncertainty into the global economy, impacting investment decisions more than supply chain costs, said Shell India’s Robin Mooldijk, president of projects and technology.“The primary effect is on our supply chain. It becomes more expensive and…
Cochin Shipyard Ltd (CSL) is set to invest about Rs 15,000 crore in a greenfield shipyard in Tamil Nadu in partnership with HD Korea Shipbuilding & Offshore Engineering (HD KSOE), according to an official statement issued on Tuesday.The first phase of the project is expected to generate nearly 10,000 jobs–4,000 direct and 6,000 indirect– and…
Tata Motors and Hyundai Motor India representative image The Indian automobile industry saw record-breaking Navratri 2025 car sales on Day 1, with Tata Motors, Hyundai Motor India, and pre-owned car platform CARS24 reporting good sales.The surge was driven by lower vehicle prices under next-generation GST 2.0 reforms which came into effect on Monday and strong…
