India’s gross Goods and Services Tax (GST) collection rose 7.5 per cent year-on-year to Rs 1.96 lakh crore in July 2025, helped by higher domestic revenues, according to data released by the finance ministry on Friday.The gross GST mop-up in July 2024 stood at Rs 1.82 lakh crore, while the June 2025 collection was Rs…
Experts widely view Trump’s tariff move as a pressure tactic to get India to agree to US terms. The US decision to impose 25% tariffs will have minimal effect on India, sources told PTI. India is clear that duty exemptions for agricultural, dairy and genetically modified (GM) products in trade agreements is a no-go area,…
India’s manufacturing sector achieved a 16-month peak of 59.1 in July, driven by increased orders and output amidst positive market conditions, according to a Friday survey report.The HSBC India Manufacturing Purchasing Managers’ Index increased to 59.1 in July from June’s 58.4, indicating the sector’s strongest performance since March 2024.For PMI measurements, readings above 50 indicate…
India will face an additional penalty for its oil and arms trade with Russia. The quantum of this penalty has not yet been announced. (AI image) Donald Trump tariff impact? Public sector refiners including Mangalore Refineries and Petrochemicals Ltd (MRPL), Bharat Petroleum Corporation, Indian Oil Corporation, and Hindustan Petroleum Corporation have stopped buying Russian crude…
Image used for representative purposes(AI image) NEW DELHI: Global trading company Jane Street is reportedly not assisting the Income Tax Department with their ongoing investigation, according to sources.Sources told ANI that the investigation faces significant challenges as the company’s essential servers are situated outside India, with officials encountering access limitations. “Access to the servers is…
Cnergyico, Pakistan’s biggest refinery, has finalised a deal with Vitol to import 1 million barrels of American oil. (AI image) Pakistan is set to get its first crude oil shipment from the US later this year after US President Donald Trump announced a trade deal with the country. Trump also said that the US will…
It’s raining NFOs in the monsoon. At least 10 new mutual fund schemes are slated for launch this month. (AI image) Mumbai: It’s raining NFOs in the monsoon. At least 10 new mutual fund schemes are slated for launch this month. This is in addition to the 10 ongoing NFOs that were launched in the…
Market analysts indicate that Nifty’s underlying short-term trend remains positive despite high volatility. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in red on Friday as India braces for 25% tariff rate on its exports to the US. While Nifty50 went below 24,750, BSE Sensex was down over…
Top stocks to buy today (AI image) Stock market recommendations: According to Bajaj Broking Research, Axis Bank, and Larsen and Toubro are the top stock picks for today. Here’s its view on Nifty, Bank Nifty and the top stock picks for August 1, 2025:Index View: NIFTYBenchmark indices remain highly volatile amid escalating trade tensions between…
US President Donald Trump issued a sharp warning to pharmaceutical giants, calling on them to slash prescription drug prices in the United States or face the consequences.In letters addressed to 17 major drug companies, Trump urged them to cooperate with his administration to implement sweeping reforms aimed at lowering costs for American patients, who currently…