BUSINESS

US markets today: Dow up 141 points as Wall Street eyes record week finish, UnitedHealth jumps on Buffett stake

US stocks are near record highs, fueled by hopes of a September Federal Reserve rate cut. The S&P 500 remains virtually unchanged, while the Dow rose. UnitedHealth Group surged after Berkshire Hathaway's investment. However, Applied Materials fell due to disappointing revenue guidance. China's economic slowdown prompts calls for policy support, impacting Asian markets.

TIMES OF INDIA
3 hours ago
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BUSINESS

Ola Electric sets CY27 launch for Diamondhead; expands line-up with S1 Pro Sport

Designed by Ramkripa Ananthan, renowned for Mahindra’s Thar, XUV500, and Scorpio, the Diamondhead was showcased alongside the ₹1.49 lakh S1 Pro Sport scooter, which will begin deliveries in January 2026

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India’s forex reserves surge by $4.75 bn to scale $693.6 bn mark

India's foreign exchange reserves surged by $4.75 billion to $693.62 billion for the week ended August 8, data released by the RBI on Friday showed.

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BUSINESS

GST Rejig Plan: Food Items, Medicines, Phones, Insurance—What Is Likely To Get Cheaper?

The proposal also signals that some goods will become significantly costlier

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BUSINESS

Food Items, Products Of Daily Use By Common People To Attract 5% GST Rate Under New Reforms: Government Sources

Most of the "common man items" are proposed to be moved to the lower GST slab rate of 5 per cent under the GST rationalisation initiative, government sources said on Friday, noting that the Centre will closely engage with states to build a broad-based consensus in the coming weeks.The sources said that food items and daily use items will fall in ...more

ZEE NEWS
1 hour ago
ECONOMY

Major GST shake-up: 12% and 28% slabs to be axed

Only 5% and 18% slabs to be retained; 99% of items currently in the 12% slab will be moved to the 5% rate and 90% of goods and services in the 28% bracket will move to 18%; there will be no cess of any kind over and above the GST rates

THE HINDU
2 hours ago
ECONOMY

Centre proposes fewer GST rates: only 5% & 18% to remain, tax on common-use items slashed

This would entail entirely doing away with the 12% and 28% tax brackets; daily-use items such as toothpaste, soap, and shampoo could see their tax rates slashed; PM says the new reforms are part of Centre’s Deepavali gift

THE HINDU
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BUSINESS

Another tariff hit: Trump signals levies on chips and steel; semiconductor duties may hit 300%

President Trump is planning new tariffs on semiconductor chips and steel, potentially shaking global trade. The rates will start low to encourage domestic manufacturing before increasing significantly. Trump hinted at tariffs as high as ...more

TIMES OF INDIA
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AGRICULTURE

Kaveri Seed Q1 PAT up by 12% at ₹316 cr

During the quarter, the revenue from operations went up to ₹945.31 crore as against ₹808 crore, registering a growth of 17%

THE HINDU BUSINESS LINE
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BUSINESS

Ditch the Desk: 5 Game-Changing Moves For Gen Z Financial Freedom

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ECONOMY

India, ASEAN to hold next round of FTA review in October

New Delhi hosted the 10th joint committee meeting this week; not much headway made in demand for greater market access

THE HINDU BUSINESS LINE
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BUSINESS

Balcony solar trend in US gains momentum, plug-in kits offer cheaper option, demand seen rising as rooftop credits end

Plug-in solar kits, popular in Europe for their affordability and ease of installation, are gaining traction in the US. As rooftop solar tax credits expire, interest in these cheaper alternatives is expected to grow. Regulations and pol ...more

TIMES OF INDIA
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AGRICULTURE

Monsoon rain 20% deficient in August 1-15, Central India 59% below normal

The country as a whole has received 107.2 mm rainfall during August 1-15, which is 19.6% below its long period average (LPA) of 133.3 mm, taking the total seasonal rainfall to 100% of LPA

THE HINDU BUSINESS LINE
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COMMODITIES

Kharif outlook: India’s cotton output may rise on higher yields despite dip in area

CAI President says output likely in the range of 325-330 lakh bales of 170 kg each; Production in South may cross record 1 crore bales

THE HINDU BUSINESS LINE
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ECONOMY

GST Overhaul: Two-tier rate structure of 5% and 18%, 40% for sin goods

Centre plans October rollout, balancing lower rates with fiscal stability

THE HINDU BUSINESS LINE
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AGRICULTURE

India’s coffee consumption to double; Continental Coffee targets full capacity by FY29

To meet growing demand, CCL has doubled its production capacity across India and Vietnam, said CEO Praveen Jaipuriar

THE HINDU BUSINESS LINE
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BUSINESS

JK Tyre unaffected by US Tariffs, to export from Mexico plant

JK Tyre & Industries owns manufacturing plants in Mexico through JK Tornel S.A. de C.V., a brand it acquired in 2008

THE HINDU BUSINESS LINE
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BUSINESS

Promoting EVs: Fragmented charging experience, payment barriers key challenges

The penetration of e-three-wheelers, surpassing 57%, reflects a strong shift towards electrification in this segment. However, the growth of e-two-wheelers and e-four-wheelers remains moderate

THE HINDU BUSINESS LINE
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