South Korea and the United States finalized an agreement for the release of South Korean nationals detained during an immigration raid at a Hyundai plant in Georgia. Over 300 South Koreans were among the 475 individuals taken into custo ...more

The country's forex kitty is hovering close to its all-time high of USD 704.89 billion touched in September 2024. For the reported week, India's foreign currency assets (FCA), the largest component of foreign exchange reserves, stood at USD 583.937 billion, a rise of USD 1.7 billion.

VinFast has officially entered the Indian market, introducing its VF 6 and VF 7 electric SUVs assembled in Tamil Nadu. The company aims to establish a comprehensive ecosystem beyond just selling cars, including e-buses, e-two-wheelers, ...more

Industry leaders to also discuss measures to decarbonise the sector, price risk management, logistics and infrastructure efficiency, says Indian Steel Association

GST on cement, bricks, tiles, and stone fittings is cut, making home construction cheaper.

The Trump administration has slapped a 25 per cent punitive tariff on India for buying Russian oil, in addition to an existing 25 per cent base rate. This 50 per cent duty is among the steepest in Asia, leaving Indian goods at a disadvantage compared to competitors like Vietnam, South Korea, and Bangladesh.

ONGC has partnered with Mitsui OSK Lines to operate two VLECs for importing ethane to OPaL's Dahej facility. The vessels, costing $370 million, are expected to be ready by mid-2028. This move addresses a supply gap arising from revised ...more

GST rate cuts to boost demand across sectors, offset ₹48,000 crore revenue shortfall without impacting fiscal math

Gold prices rose nearly ₹4,000 per 10 grams or 3.81% in the last week

Finance Minister Nirmala Sitharaman is confident that increased consumption following GST rate cuts will offset the estimated revenue shortfall of Rs 48,000 crore. She anticipates the GST overhaul and strong Q1 GDP growth will boost the ...more

"The GST Council's decision to simplify the tax structure from the current four slabs -- 5,12,18 and 28%, to a two-rate structure 5 and 18% will make taxation more transparent and easier to follow," Srivastava

The company said the price cut ranging between ₹60,640 on Verna to ₹2.4 lakh on premium SUV Tucson will be applicable from September 22

Foreign Portfolio Investors withdrew Rs 12,257 crore from Indian equities in early September, extending outflows driven by a stronger dollar and geopolitical tensions. High valuations and slowing corporate earnings in India also contrib ...more