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India eyes its own Big Four! PMO to review regulatory changes on September 23; domestic audit firms aim to scale globally

File photo: PM Modi (Picture credit: ANI) The Prime Minister’s Office (PMO) will hold a meeting on September 23 to discuss regulatory changes and other measures aimed at enabling domestic audit and consultancy firms to scale up to compete with the Big Four globally, people familiar with the matter said. According to ET, the meeting…

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EU CBAM challenge: GTRI warns of trade hit; urges India to fast-track carbon scheme

Indian steel and aluminium exporters face fresh challenges as the European Union (EU) will begin collecting carbon border taxes under the Carbon Border Adjustment Mechanism (CBAM) from 1 January 2026, according to a new report by the Global Trade Research Initiative (GTRI). The levy, notified in May 2023, initially covers steel, aluminium, cement, electricity, hydrogen,…

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GST consumer support: INGRAM portal adds dedicated category ahead of rollout; complaints to be tracked efficiently

The ministry of consumer affairs, food & public distribution has activated a dedicated GST category on the INGRAM portal to address consumer queries and complaints related to the revised GST charges, rates, and exemptions effective from September 22, 2025.The move aligns the National Consumer Helpline (NCH) with the Next-Gen GST Reforms 2025, approved during the…

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India’s medicine market: Pharma sector grows 8% in August; industry projected to reach $130 billion by 2030

India’s pharmaceutical market grew 8.1% in August as compared with the same month last year, according to data from IQVIA quoted in an HDFC Securities report. The growth follows a 7.1% rise in July and is close to the 8% pace seen through FY25. However, unit sales in August slipped 0.8%.The steady performance was led…

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Mumbai-Ahmedabad bullet train: India’s first high-speed rail project achieves key milestone; E10 Shinkansen set for 2027 launch

NEW DELHI: Union railway minister Ashwini Vaishnaw on Saturday announced a major milestone in India’s first bullet train project, the Mumbai-Ahmedabad high-speed rail corridor. He said that out of the 508 km stretch, 320 km of viaduct has already been completed.According to Vaishnaw, the first section of the bullet train, the 50 km Surat-Billimora stretch…

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India Wealth Report 2025: Maharashtra leads with 1.78 lakh millionaires; Mumbai tops as ‘Millionaire Capital’

Maharashtra has emerged as the leading hub of wealth creation in India, with 1,78,600 millionaire households, marking a 194 per cent increase since 2021, according to the Mercedes-Benz Hurun India Wealth Report 2025. The state’s growth is strongly supported by a 55 per cent surge in its Gross State Domestic Product (GSDP) since 2020-21, with…

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Mumbai-Ahmedabad bullet train: First phase of tunnel breakthrough achieved; E10 Shinkansen set for 2027 launch

NEW DELHI: Union railway minister Ashwini Vaishnaw on Saturday announced a key milestone in India’s first bullet train project. He said that 320 km of the 508 km Mumbai-Ahmedabad High-Speed Rail (MAHSR) corridor viaduct has been completed.The minister also confirmed that the advanced E10 Shinkansen will operate on the corridor, with the first section set…

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Trump hikes H-1B visa fee to $100,000! How much does it cost right now & how will Indian IT companies, tech employees be hit? Explained

H-B visa fee hike: This decision could notably affect Indian IT professionals and workers in the United States. H-B visa fee hiked! The Donald Trump administration sent shockwaves across the technology sector – particularly Indian IT, by substantially hiking the fee for H-1B visas. The revised regulations mandate organisations recruiting foreign professionals on H-1B visas…

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GST 2.0 rollout: Cheaper essentials hit shelves early; FMCG, e-commerce firms pass on rate cuts

Consumers are beginning to see cheaper daily essentials on store shelves as companies move early to pass on the benefits of reduced Goods and Services Tax (GST) rates, which come into force from Monday. According to ET, firms are dispatching products with revised price tags and absorbing the tax gap themselves to avoid a last-minute…

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Donald Trump tariffs: Container freight rates likely to remain subdued amid uncertainty; expected to correct 10–15%

Container freight rates are expected to remain subdued for the rest of FY26 as uncertainty in global trade continues, driven by US President Donald Trump’s unpredictable tariff policies, industry experts said. According to ET, exporters rushed shipments to the US ahead of the August 27 deadline for a steep 50% tariff on Indian goods, targeting…

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