Former US National Security Advisor Jake Sullivan expressed concern over the tensions between India and the US caused by President Trump's business deals in Pakistan. He emphasised the importance of maintaining strong ties with India and warned of potential consequences if these relationships are jeopardised. Sullivan also mentioned a deal between a Trump-linked cryptocurrency firm and Pakistan.
While the documents contain flight logs and surveillance video, they mostly consist of already-public information. Both Republicans and Democrats are pushing for the release of the full list of Epstein's clients, with some lawmakers experiencing panic attacks after learning about the victims' stories. A discharge petition has been filed.
Families of victims in two Boeing 737 Max crashes have one last chance to demand criminal prosecution against the company in a Texas court hearing. The judge will decide on a motion to dismiss a felony fraud charge, after rejecting a settlement due to diversity concerns. Some families are still pushing for a public trial and harsh punishment.
TVS is releasing a new and improved version of their Ntorq scooter with a 150cc engine and upgraded headlamp cluster. It will have a digital TFT instrument cluster with Bluetooth connectivity and is expected to be competitively priced under Rs 1.50 lakh. This will make it a tough competitor in the 150cc scooter market against the Yamaha Aerox 155 and Hero Xoom 160.
Mary Kissel, a former US adviser, emphasises the need for India's support to counter China's increasing dominance in the Asia-Pacific. This was evident at the SCO summit, where Indian PM Modi met with leaders of Russia and China. While US President Trump accuses these leaders of plotting against America, Chinese President Xi asserts that China will not be intimidated.
Trump stands by tariffs despite court ruling, causing stock market to drop and raising concerns about economy. He plans to appeal, risking billions in refunds. Higher borrowing costs also worry about US deficit. Wall Street awaits August jobs report to see Fed's next move on interest rates.
Indian equity indices opened higher for the third consecutive session, with Nifty and Sensex rising by 0.07% and 0.08% respectively. Bank Nifty opened flat, while small and midcap stocks saw a positive start. Q1 GDP growth at 7.8% and upcoming GST reforms could lead to an upward revision in earnings growth and attract FIIs, amidst global uncertainty and potential market impacts.
RIL announces its first dividend payout since bonus issue at AGM, with shareholders approving a final dividend of Rs 5.50 per share. The payout will be processed within days and credited to eligible investors between September 1 to 5. Despite a lower dividend, RIL's stock has delivered positive returns and has a market capitalisation of Rs. 181,668 crore.
Donald Trump's ally Charlie Kirk criticized legal immigrants from India for "displacing" American workers, following Fox News' Laura Ingraham's anti-Indian tweet about trade deals and visas. This comes after Trump's decision to allow 600,000 Chinese students into US universities, causing backlash from his conservative base. The unequal treatment of India and China by Trump is evident.
Zomato has raised the platform fee by 20% to Rs 12 per order, following Swiggy's decision to increase the fee to Rs 14 during the festive season. This applies to all cities and even Gold members. Both companies report revenue growth, but also steep losses.
A judge in Washington has ruled in favor of Google, allowing them to keep their Android and Chrome platforms but requiring them to share data with competitors. This decision has caused Google's parent company's shares to rise and marks the end of a five-year legal battle with antitrust regulators. Despite facing competition from AI companies, Google can continue making payments to Apple.
President Trump denies rumors about his health, calling them "fake" and blaming the media for spreading them. He clarifies that his decision to not hold public events for two days was due to a busy Labor Day weekend. Despite concerns about his age, his aides and doctors assure that he is in good health and has high stamina.
FII outflow in 2025 has reached $15.3 billion, significantly more than 2024's $0.8 billion. Earnings weakness and underperformance of Indian markets, along with geopolitical and macro headwinds, are contributing factors. Nilesh Shah of Kotak Mahindra AMC explains that FPI selling is driven by various factors, including high India allocations and short-term valuation concerns.
Google-parent Alphabet's shares surged 8% in after-hours trading following a US court ruling in an antitrust case, sparing the technology giant from drastic penalties. The court rejected calls for sweeping divestitures, benefiting not only Alphabet but also Apple, which earns billions from Google to keep its search engine as the default on iPhones.
The Ganesh Chaturthi celebrations in Bengaluru increased demand for delivery workers, leading to longer hours and heavier workload. Companies are happy with the growth, but workers are facing lower payouts and fatigue. The gig economy is changing, with more seasonal workers hired, causing longer shifts and unpredictable external factors.
Cement companies may soon see a cut in GST from 28% to 18%, giving them room to lower prices and potentially boost demand during the festive season. However, they must balance this with fuel cost inflation and anti-profiteering provisions. The industry is currently facing muted demand, but the proposed GST cut could aid in a quicker recovery.
The GST Council is planning to simplify and restructure the goods and services tax, including a 40% rate on sin and luxury goods and lower levies on everyday items. The revamp aims to address structural issues and ease compliance for small businesses, but there are concerns about revenue losses and effects on specific industries. Increasing compensation for states will also be discussed.
The civil aviation ministry is taking action to address the sharp increase in airfares before the festival season. They plan to issue advisories to airlines and hold a meeting to discuss the issue. Airfares have risen by 50-80% on key routes, with airlines citing supply constraints. The ministry has set up an online system to monitor fares and may introduce regulations if necessary.
TCS announces 4.5-7% salary hikes for employees, with top performers receiving double-digit increases. This modest increase reflects pressure on the IT services industry. A restructuring exercise may lead to the release of 2% of its workforce.
India, led by Ashwini Vaishnaw, is a stable and growing country with a strong semiconductor ecosystem. Vaishnaw urges global industry leaders to invest in India, citing stable policies, strong demand, and expanding talent base. He highlights India's progress in the semiconductor sector, including presenting the first indigenous chip to PM Modi and growth in electronics production and exports.
Businessman Harsh Goenka seems to be struggling with the changing geopolitical dynamics between countries. He previously boycotted Chinese, Turkish, and Maldivian products, and also ditched American products due to the strained India-US relations. However, he is now facing a dilemma over whether watching an India-Pakistan cricket game is against his patriotic spirit.
Paramount and Microsoft's Activision have teamed up to create a live-action film based on 'Call of Duty'. The movie will uphold the franchise's legacy and be on par with Top Gun: Maverick. Paramount's CEO has ambitious plans for the company, including partnerships with the Duffer brothers and Ultimate Fighting Championship. Expect multiple releases in the future.
The Union government plans to cut GST rates for 36 drugs and 25 medical devices, including treatments for genetic disorders and cancer. This move aims to boost consumption and streamline rates for essential medicines. However, experts warn that it may not benefit drugmakers due to high GST on active pharmaceutical ingredients.
India-focused exchange traded funds (ETFs) and active funds are seeing increased investments, driven by factors such as demographic dividends, growth, reforms, domestic consumption, digital adoption, and China's declining weight in global portfolios. These funds allocate 100% of flows into India and have made handsome returns, with their assets swelling.
SEBI has implemented a new framework to monitor intraday positions in equity index derivatives, imposing strict limits for each entity trading in index options. Stock exchanges will monitor compliance daily and penalties will be imposed for exceeding limits. This follows excessive profits made by a US-based market maker, prompting the need for stricter regulations.
An employee was fired from her job, that too, during her vacation, after saying no to working on Sundays. She was let go over Messenger the very same day, citing the "slow season". This came despite her making it clear during the interview that she would not be able to work on Sundays - a condition the management had initially agreed to.
The GST Council is discussing plans to lower or eliminate tax slabs on food items, agricultural machinery, and fertilizers. This will benefit farmers by reducing input costs and increasing demand for crops. The council will also consider reducing GST rates on processed food and agricultural equipment from 12% to 5%.
PM Modi unveiled India's next phase of semiconductor mission, emphasizing on chip design and intellectual property. The design-linked incentive scheme will be revamped to elevate Indian IP in the trillion-dollar global chip market. The government aims to transform India from a talent pool to a creator of semiconductor IP.
India hopeful for BTA with US by November, despite recent tensions. Negotiations continue despite Trump's criticism of India's tariffs. Indian commerce minister confident in resolving issues with US. Other trade agreements, including with EU and EAEU, progressing. Diversification of exports a key focus for India amid tariff challenges.
Indus Towers, a top passive telecom infrastructure provider in India, is expanding into Africa, beginning with Nigeria, Uganda, and Zambia. This strategic move is anticipated to bring sustainable growth and value for shareholders. The company will utilize its expertise to stand out in Africa's rapidly growing telecom industry and collaborate with Bharti Airtel
The government plans to lower the GST rate on air conditioners, TVs above 32 inches, and dishwashers from 28% to 18%, in line with other white goods. This could boost consumption during the festive season and industry executives are hopeful for increased sales. The new rates may be implemented by September 22 after discussion at the GST Council Meeting on Wednesday.
The citizenship debate in India has been reignited by the SIR in Bihar and criticism of the ECI. Two sisters from Kerala, who have been stateless for years, highlight the challenges of obtaining citizenship. Their struggle has been hindered by obstacles such as the absence of a renunciation certificate from Pakistan.
The GST Council plans to increase the GST on coal to 18% and decrease the GST on renewable energy products to 5% to make up for revenue shortfall. This may result in a 15 paise per unit increase in electricity tariffs for utilities and 5-6 paise increase for end users. However, discoms may struggle to pass on the higher costs to end users.
The Indian Commerce Minister, Piyush Goyal, suggested that the approval process for foreign direct investment (FDI) from China may be eased as relations between the two countries improve. The border issues are being resolved, and the visit of Prime Minister Modi to China has raised hopes for better trade ties.
Finance Minister Nirmala Sitharaman commended SCBs for their robust financial performance and minimal NPAs amid the global economic slowdown. She acknowledged their crucial role in driving investments, job opportunities, and growth. President Droupadi Murmu stressed the significance of banks in propelling MSMEs as growth engines.
US imposing 50% tariff on Indian exports, Indian banks warn of broader implications on merchandise trade. Senior bankers concerned for sectors crucial to India's export economy and employment. MSMEs facing pressure, potential for deeper impact if tariffs extend. Textile, shrimp, leather, and gems and jewellery sectors already affected.
The Union government is considering slashing the GST rate on personal care items to 5%, along with a proposed cut in food and beverage items to nil and 5%. This move is expected to give a boost to consumption, with oral care, skin care, and hair care products likely to see a reduction from 18% to 5%. The proposed changes are expected to benefit both consumers and the FMCG industry.
Experts say that GST in India is not fully utilized due to structural flaws, compliance challenges, and administrative problems. The government is trying to address these issues, but challenges persist, such as multiple audits and assessments, delayed refunds, and the need for a single PAN-based registration.
TCS and Tryg join forces in a 7-year deal worth 550 million euros to improve operations and drive technological transformation. Utilizing TCS's AI and Cloud services, the partnership aims to enhance delivery, automate processes, and improve customer experience. According to TCS CEO Krithivasan, adaptability is crucial for success
Honda Cars India has revamped its popular SUV, the Honda Elevate, with stylish interior colour options, improved exterior design elements, and upgraded packages for a more luxurious and bold look. The Elevate now features an Ivory interior theme in the ZX grade and black fabric upholstery in the V and VX grades. It also boasts a powerful petrol engine, advanced safety features, and warranty.
The 56th GST Council meeting will consider restructuring tax slabs and creating a 2-rate structure, with most products in the 12% slab potentially moving to a lower 5% rate. This could boost consumer spending and benefit FMCG companies like HUL, Dabur, and Marico, while providing relief to households and reducing inflation.
Union Minister Piyush Goyal stressed the need for a sustainable approach to boost India's competitiveness at the CII Sustainability Summit. He expressed concern over some countries neglecting sustainability goals, while India remains committed. Goyal also highlighted the importance of self-reliant manufacturing and the success of India's power sector.
Bharti Airtel Group's Airtel Africa is planning to list Airtel Money, its fast-growing mobile money fintech, in the first half of 2026. The company is in talks with Citi Group and is targeting a valuation of over $4 billion. Airtel Africa is considering London, UAE, and Europe as potential venues for the IPO. With operations in 14 countries, Airtel Africa is controlled by billionaire Mittal.
Indian-American Congressman Ro Khanna criticized Trump's tariffs and urged Indian Americans to denounce his policies. Khanna's statement alluded to an Indian author's NYT op-ed speaking out against the US president as India deals with massive 50% tariff hit.
Imagine Marketing, the parent company of boAt, along with Urban Company, has received SEBI's approval for their IPOs. boAt aims to raise Rs 2,000 crore, while Urban Company plans to raise Rs 1,900 crore. Other companies like Juniper Green Energy, Jain Resource Recycling, and Mouri Tech are also planning IPOs for expansion, debt repayment, and providing an exit opportunity to existing shareholders.
Zydus Lifesciences has launched India's first trivalent influenza vaccine, VaxiFluTM, which targets three recommended strains based on WHO's annual surveillance. The company's managing director, Sharvil Patel, emphasized the importance of stronger vaccination coverage to reduce vaccine-preventable diseases.
Donald Trump’s steep tariffs are reshaping global trade, pushing India and China to reset their economic ties despite past border tensions. At the SCO Summit 2025 PM Modi met with Vladimir Putin and Xi Jinping, signaling a shift in alliances as BRICS nations seek to reduce reliance on the US. However, analysts warn normalization of India-China relations could take years.
Motilal Oswal recommends investing in capital goods companies such as Bharat Electronics, Larsen & Toubro, Cummins India, and Siemens Energy, despite high valuations. The sector showed strong profitability in the June quarter, driven by defence, renewables, and T&D orders. Companies like L&T, with over 50% revenue from exports, are benefiting from the export revival.
Nirmala Sitharaman, Union Finance Minister, discussed next generation GST reforms at City Union Bank's 120th Foundation Day. These reforms aim to boost the economy, reduce compliance burden, and support small businesses. A Task Force has been created for this and an upcoming GST Council meeting was mentioned. Collaboration with banks, trust, technology
Markets slip in afternoon trade with Nifty and Sensex down 0.13% and 0.19%, respectively. Sugar sector stocks rally as government lifts cap on ethanol production. RVNL, REC, Power Grid, and Mobikwik see gains in trade today. RVNL forms JV with Texmaco for rolling stocks, REC aims to enter nuclear space, and Mobikwik sees exit of Abu Dhabi Investment Authority.
KTM is testing three new motorcycles, including an adventure, street naked, and fully-faired sport bike, which could be part of their new 490 range. With support from Bajaj and competition from other brands, KTM is revisiting their plans and these models may replace the 690 range, possibly with a twin-cylinder engine. Exciting new concepts will be revealed at EICMA later this year.