27 C 
PwCs Pratik Jain said the GST Councils latest measures mark the third phase of the tax reform, shifting focus to bolder policy changes and ease of doing business. He said wider refunds for input services and capital goods, along with ITC on employee insurance, could ease working-capital stress and lower costs.
Deloitte Indias MS Mani said the latest GST reforms reflect growing trust between government and industry, with technology enabling simpler compliance and more targeted enforcement. He said easier registration, annual returns with quarterly payments, return corrections and removal of arrest provisions could reduce compliance fears and bring more businesses onto the GST platform.
EY partner Bipin Sapra said the GST Councils latest reforms address input tax credit blockages, expand refunds, support exporters and streamline tax administration. He said rationalising Section 17(5) could reduce tax cascading and costs for businesses, while decriminalisation and removal of arrest powers should create a more conducive business environment.
ET Graphics: The GST playbook milestones over 9 years
From its rollout in 2017 to GST 2.0, Indias goods and services tax has evolved into a more digitised and predictable tax regime. Over nine years, the system has seen changes in tax rates, slabs, compliance and technology, reshaping how businesses manage indirect taxes and interact with the tax administration.
Apple is set to unveil several smart home products at its upcoming event on October 13, including a smart home hub. This new hub is expected to have a 6-inch display and will combine various functionalities. Updates to the HomePod mini and Apple TV 4K are also anticipated, featuring improved technology and capabilities. The event will take place in New York and may include a hands-on experience for media members.
New Delhi [India], October 8: Rocket Learning, one of India's largest early learning non-profits, hosted Udaan 2026 in New Delhi - India's largest convening on Early Childhood Care and Education (ECCE). The event brought together a diverse line-up of speakers and experts from government and policymaking, research and academia, education, civil society and technology. The theme for this edition was 'From Surviving to Thriving', and the event saw discussions on enhancing Anganwadis, investing in early childhood development, the role of technology in supporting India's youngest children and the resulting impact, through speaker sessions and panel discussion.
Texprocil to focus on Kasturi Cotton, benefits of FTAs for textile sector
Currently, less than 50% of the cotton that is brought for branding meets the mandatory specifications and tests to be branded as Kasturi Cotton
Amazon India expects its Great Indian Festival 2026 to set new records, after early deals grew 3540%. The company expanded Amazon Now to 120 cities, increased fulfilment capacity by nearly 50%, added logistics facilities and created 160,000 seasonal jobs, its top executive in India said.
Amazon Great Indian Festival opens with record 100% growth in orders
Customers from every pin code placed orders as premium smartphones, home entertainment, fashion and beauty drove demand, with Amazon reporting its biggest-ever opening day
Announcing the venture on social media, Navya said she had been working on the initiative for some time before making it public.
MRPL, ONGC and OPaL form new petrochemicals marketing joint venture
The new entity will oversee branding, pricing, distribution, logistics, customer management and sales planning for the groups downstream products
Micro units await details on SME Growth Fund
FSSAI issues notices to Dr Reddy's, Nestle, Flipkart over misleading ads
The regulator also suspended Shreyash Retail's licence over expired and rotten food products and sanctioned prosecution against Nex International over excessive pesticide residues
Bank of Baroda becomes only PSU bank after SBI to enter pension fund business: What it means
Bank of Baroda has entered the pension fund business, becoming the second PSU bank after SBI to do so. The move comes as PFRDA seeks to expand NPS, targeting up to 4 crore new subscribers over the next 2-3 years.
Life insurers new business premium rose 21% in Sept to 48,780 crore
In the non-life insurance segment, gross direct premium underwritten rose 6.12% for September to 32,951.16 crore
FSSAI issues notice to Dr. Reddys, Nestle Health Science, e-comm players over misleading claims
The notice was issued regarding non-compliant advertising and claims for Celevida GLP+ on e-commerce platforms
UPI MDR decision likely today; industry expects deferral to January 2027
The panel comprises the Indian Banks Association (IBA), the Payments Council of India (PCI), and representatives of banks, payment service providers (PSPs) and various associations
Copper prices seen staying above $14,000; Hindustan Copper banks on cost discipline for expansion
The Hindustan Copper CMD stated the gap between global demand and supply could mean copper prices stay above the $14,000 per tonne-mark
Ahead of Market: 10 things that will decide stock market action on Friday
Indian markets plunged on Thursday as RBI policy tightening, persistent FII selling, rising bond yields and rupee weakness battered sentiment. The Nifty hit a 52-week low of 22,179, while the Sensex fell 1,045 points, wiping out over Rs 10 lakh crore.
GST Council allows employers to claim ITC on group insurance coverage
The GST Council's decision to allow input tax credit on employee group health and life insurance is expected to reduce coverage costs for employers, particularly MSMEs
RBI's first big liquidity mop-up after rate hike falls short as banks park less than half the target
In a bid to manage liquidity, the Reserve Bank of India executed a 29-day variable rate reverse repo auction, yet banks only stashed away Rs 79,655 crore instead of the anticipated Rs 2 lakh crore. Early fund withdrawal was permitted, but participation remained tepid, mostly because of the daily VRRR options available. The existing inter-bank surplus liquidity sits at Rs 4.24 lakh crore, highlighting ongoing hurdles in monetary transmission.
Djokovic plans to reach out to Sinner after injury ended the No. 1 player's season
Novak Djokovic plans to reach out to Jannik Sinner after his injury led to season cancellation. Sinner has been suffering from knee inflammation, causing him to withdraw from major tournaments. Djokovic understands the difficulties of recovery, having faced his own injury challenges in the past. He expressed that Sinner's absence will be felt in the tennis world and praised his achievements this year.
Karnataka: Kumaraswamy challenges Shivakumar to probe sting operation
Union Heavy Industries and Steel Minister HD Kumaraswamy has challenged Chief Minister DK Shivakumar regarding an alleged sting operation. Kumaraswamy stated that if evidence exists, it should be presented to the public. He questioned why individuals involved in the sting operation were not arrested if they were known to the police. Additionally, he suggested the establishment of a Special Investigation Team to probe the matter.
Market Trading Guide: Deepa Jewellers among 2 stock recommendations for Friday
Indian markets remained under pressure as hawkish RBI policy, persistent FII outflows, rising bond yields and rupee weakness weighed on sentiment. Amid the sell-off, analysts identified Brooks Laboratories and Deepa Jewellers as medium-term opportunities based on bullish technical breakouts.
Smirnoff Ice enters India as United Spirits bets on ready-to-drink market
The company has introduced two variants - Smirnoff Ice and Smirnoff Ice Max - with alcohol by volume (ABV) of 4% and 8%, respectively, in flavours including Jamun, Cranberry and Citrus. To begin with, the company has started sales in Goa, Bengaluru and Mumbai.
Old dupattas can be transformed into various functional items, encouraging sustainability and creativity. Cushion covers can highlight the embroidered sections of dupattas for a decorative touch. Additionally, sturdy cotton dupattas can be made into storage baskets for organizing household items. Decorative wall hangings can add vibrant colors and patterns to living spaces using old dupattas. Finally, converting dupattas into reusable gift bags promotes eco-friendly practices during special occasions.
Iran steps up economic, connectivity push with Afghanistan
Iran is stepping up economic and connectivity cooperation with Afghanistan as ties between Kabul and Islamabad deteriorate. Irans energy minister is in Kabul for talks on water and energy, while Tehran is exploring railway connectivity linking western and northern Afghanistan. A 180-member Iranian trade delegation is also attending an Afghan exhibition.
Gaikwad, Padikkal, Sudharsan need to raise their games in second ''A'' One Dayer
Skipper Ruturaj Gaikwad and key players aim to improve their performance in the upcoming match. After a significant loss, the team looks to recover against Australia A in the second ODI. In the first game, India A struggled with batting, as nine players failed to score more than 20 runs. Suryansh Shedge's impressive bowling performance offers selectors an additional option for upcoming matches.
India, Singapore explore 3,000-km power transmission corridor via Southeast Asia
The proposed 2,000 MW interconnection could link Imphal with Singapore through Myanmar, Thailand and Malaysia, boosting cross-border electricity trade and regional energy security.
Trump trust bought millions in Meta, SpaceX in August
In August, the trust that oversees Donald Trump's assets embarked on a notable investment campaign, acquiring shares in Meta and bonds from SpaceX. Managed by Donald Jr., this trust executed a remarkable 517 trades during the month. Among these transactions, Meta shares were purchased, valued between $5 million and $25 million, while SpaceX bonds were acquired for $1 million to $5 million, raising concerns over potential conflicts of interest.
India Inc's Q2 revenue growth to moderate to 16-16.5%: Report
India Incs revenue growth is estimated to moderate to 16-16.5% year-on-year in the September quarter from 17.4% in Q1, while aggregate Ebitda margins are expected to remain broadly stable at 18.2-18.6%, Crisil Intelligence said. Domestic demand remained supportive, led by automobiles, power, metals and consumer staples, despite divergent sectoral trends.
The forum was held under the theme 'Anchoring Maritime Decarbonisation' and saw participation from representatives of 62 Hydrogen Council member companies.
HCLTech rolls out a bouquet of industry AI solutions
The solutions combine deep domain expertise with AI capabilities to address high-value, industry-specific use cases across banking, healthcare and life sciences, aerospace, retail, telecom, mobility, energy and manufacturing.
Harness buys select assets of Augment Code to automate software coding
The acquisition brings Augment Code's Cosmos and Auggie CLI products into Harness, strengthening its push towards autonomous coding, testing, security and software deployment
TCS Q2 Results: Net profit up 11% as AI deal flow slowly picks up
TCS Q2 Results 2026-27: Net profit of India's largest IT services firm rose 15% to 13,884 crore, on the back of revenue that increased 11% to 73,188 crore.
Rolls-Royce eyes deeper India partnerships across defence, aerospace and energy
Holds first board meeting in India; CEO meets PM Modi to discuss long-term ambitions
Centre plans 30% trade-margin cap on non-scheduled cancer drugs
The proposed cap could cut retail prices by up to 70%, with the government moving ahead of a broader crackdown on steep mark-ups in cancer medicines.
PepsiCos India biz witnessed broad-based growth in Q3 CY2026
The snacks and beverage major said that international organic revenue growth accelerated to 8 per cent in Q3 CY2026
Citi helps Indian companies raise nearly $16 billion so far in 2026
Citi has helped Indian companies raise nearly $16 billion through debt and equity markets in 2026 and advised on M&A transactions worth over $36 billion amid strong deal activity
'Is Ambani the real boss of India?': Musk questions Starlink licence delay
Elon Musk questioned why Starlink still lacks an India licence despite five years of compliance, asking: Is Ambani the real boss of India?
New Delhi [India], October 8: In a first-of-its-kind rural initiative at a national scale, In-Dot Sports Pvt. Ltd. and Prasar Bharati today announced the launch of the Kisan Cricket League (KCL), a nationwide sports and entertainment platform designed to create a unique opportunity through an organized pathway for cricket and singing talent from rural and semi-urban India to reach the global stage.
Chief Economic Advisor V Anantha Nageswaran indicated that India's absence of AI focus might become an advantage. He believes that if the AI boom falters, foreign investors will seek alternative growth opportunities in India. Despite currency depreciation and external challenges, India maintains strong economic fundamentals and growth. Nageswaran highlighted the manageable current account deficit and well-capitalized banking system as positive factors.
Jane Street accuses Sebi of shifting goalposts in SAT hearing on documents
Jane Street seeks order logs and counterparty details to defend itself in the market manipulation case, while Sebi argues that it has disclosed all material relied upon so far
Amazon Great India Festival opens with 100 per cent y-o-y growth in order volume
In over 120 cities served by Amazon Now, one out of every two products were delivered within minutes
Dr. Reddys facility in Andhra Pradesh gets 2 U.S. FDA observations
The company will address the observations within the stipulated timeline.
Dr. Reddys facility in Andhra Pradesh gets 2 U.S. FDA observations
The company will address the observations within the stipulated timeline.
DoT refutes bias in Starlink authorisation, says all licensees approvals pending
SpaceX founder and CEO Elon Musk had accused certain oligarchs in India of blocking the satellite internet service here. On Thursday, he asked if Ambani [was] the real boss of India.
Samsung sees record $80 bn quarterly profit as AI chip demand surges
Samsung forecasts record Q3 profit of 107.4 trillion won as AI-driven memory chip demand fuels earnings, while tight supply and rising chip costs pressure its smartphone business.
DailyObjects raises 332 crore led by Xponentia, others at 1,050 crore valuation
The fundraise marks a new phase in DailyObjectss growth journey, enabling it to scale its retail presence, deepen its product and R&D capabilities, strengthen brand building and evaluate opportunities in global markets
Honeywell to accelerate engine deliveries to HAL for trainer aircraft
Honeywell will deliver 16 engines to HAL by mid-2027, potentially easing a key bottleneck that has delayed production of the Indian Air Forces HTT-40 trainer aircraft.
Muzaffarnagar's Urban Transformation: How Numax City is Shaping a New-Age Integrated Township
Muzaffarnagar (Uttar Pradesh) [India], October 8: Muzaffarnagar is witnessing a gradual transformation in its urban and real estate landscape, driven by improving connectivity, changing consumer aspirations and the growing demand for organised, well-planned communities. As the city and surrounding regions evolve, integrated developments that bring residential, commercial, lifestyle and social infrastructure together are emerging as an important part of this transformation. At the centre of this shift is Numax City Muzaffarnagar, a 100-acre integrated township located along the Delhi-Dehradun Highway.
This Indian company ranks among Forbes top 50 companies for women: See who else made the list
Companies needed to have a significant international presence to be considered for the ranking. For example, they had to operate in at least two of six continental regions.
National Payments Corporation of India chief Dilip Asbe joins Swift board
Swift's 15-member board will oversee strategy, management, risk and controls under a revised governance structure approved by shareholders.
Amazon lays off nearly 1,000 employees globally; 106 affected in India
The affected employees in India are from the customer care services and retail segments
Centrum Capital allots 1.17 crore shares to promoter entity as warrant conversion continues
Shares issued at 28.52 each, comprising a face value of 1 and a premium of 27.52; JBCG pays 24.99 crore balance
TCS announced 13 key initiatives in Q2, including partnerships with Porsche, Best Buy, Honeywell, Aareal Bank and Vodafone. It also launched Google Gemini centres, AI labs, an agentic AI platform for drug development and custom SoC design services.
Tanishq brings Rahul Mishra couture jewellery to India
The limited-edition collection was first presented at Paris Couture Week
SUN Mobility names new CEOs for battery swapping and energy businesses
Satish Sundaresan to lead SUN Mobility, while Kamaldeep Singh heads Indofast Energy
NCL Industries cement output surges 22% in Q2 FY27, stock slides 2.3%
The stock has shed over 22% in the past year, against a broader market decline of around 11%
Honeywell targets early completion of engine deliveries for HALs HTT-40
As per the company, some supply-chain challenges have been addressed, strengthening its confidence in completing deliveries ahead of schedule
Bio-Synergy targets 3-5 million in India sales with DNA testing kit
UK health science firm partners with Kynora Life Sciences to launch DNA and epigenetics testing kits priced between 25,000 and 85,000, targeting personalised wellness in India
Chef Gomes has received a major honour - Lifelong Excellence in Culinary Leadership from EICA
Kolkata (West Bengal) [India], October 8: Everything else should explain why this honour matters and why he deserves it.
TCS announced a five-year partnership with Porsche, including an AI Mobility Centre of Excellence and MHP acquisition. It will also transition Best Buys India GCC into an AI Capability Center, expanding its AI-led business.
M&M, Maruti Suzuki among 6 Sensex stocks that hit 52-week lows and slipped up to 12% in a month
Seven Sensex stocks touched fresh 52-week lows as Indian equities suffered a sharp sell-off on Thursday. Mahindra & Mahindra and Maruti Suzuki fell around 12% each over the past month, while Bharat Electronics, Power Grid, NTPC and ITC also hit yearly lows.
DailyObjects raises 332 cr in Series C funding round
The Series C funding round was led by Xponentia Capital Partners, Anicut Capital and Axiom Asia Private Capital
Judge says Paramount and Warner must halt merger for at least two weeks
Twelve States sued to block Paramount's pending buyout of Warner last week, alleging that such a combination would extinguish competition in Hollywood and lead to fewer choices for consumers
Ex-Flipkart Executives press Walmart to buy out their stock options
With no timing for a Flipkart IPO, eight former C-suite and senior executives said Walmart buying their shares would let them liquidate holdings
In a recent vlog, Farah Khan explored the Ashiana Senior Living Resort, where Mandira Bedi showcasing the facilities available. Residents can enjoy everything from a vibrant gaming room to a dynamic clubhouse filled with activities. Watch as elegant three-bedroom flats are highlighted, exemplifying a senior community that promotes an active, engaging lifestyle, making it a wonderful option for leisure-driven seniors.
SIR protest day 3: Rahul Gandhi says 300 MPs stopped, vows action against Modi, Shah, CEC, Bhagwat
The National Human Rights Commission is currently investigating serious allegations of sexual harassment involving three women journalists during a protest at Jantar Mantar on October 3. The Delhi Police have filed complaints and routed the case to their Crime Branch. Tensions escalated when demonstrators were detained for demanding an FIR, drawing significant attention from human rights groups concerned with the implications of these events.
The second coming: From credit roots, Shriram Group now eyes an equities empire
Beyond truck loans and balance sheets, Shriram Group is chasing Indias retail investing boom. Can an 89-year-old founder's legacy and a high-touch ground network beat Silicon Valley-style discount apps? We take a deep dive into the conglomerates high-stakes bet.
South Korea test-flies its first domestically developed hypersonic weapon
On Thursday, South Korea conducted its first flight test of a domestically developed hypersonic weapon. The weapon is designed to travel at least five times the speed of sound, increasing defense capabilities. President Lee Jae Myung attended the test and emphasized strengthening national security. This development follows escalating tensions with North Korea, particularly after recent mine explosions. North Korea has increased its weapons tests and rejected calls for resumed diplomacy.
May join CJP's Jantar Mantar protest on Oct 10, will decide later: Mamata Banerjee
Mamata Banerjee has signaled her intent to join a protest at Jantar Mantar on October 10, voicing strong criticisms against the BJP and the Election Commission for alleged electoral misconduct in West Bengal. She expressed her support for Congress leaders Rahul Gandhi and Priyanka Gandhi Vadra, highlighting their treatment during recent demonstrations.
Indias hidden AI play: Hiren Veds 12-stock basket has beaten the Magnificent Seven
Indian markets extended their sell-off as the RBIs hawkish policy stance pressured rate-sensitive sectors and reset near-term valuations. The Nifty fell 1.64% to 22,231.80, while the Sensex dropped 1.46% to 71,593.24, with metals and realty leading losses.
TCS Q2 net up 15% to 13,884 cr, AI revenue crosses $3 bn; board approves 12 dividend
Porsche and Best Buy represent a new category of transformation partnerships. Together with the clients, it is building repeatable value platforms that will industrialize AI at scale.
8% growth creates new industries, and that is where alpha lies: Elaras Harendra Kumar
Who is Anne Carson, the Canadian author who won the 2026 Nobel Prize in Literature?
Anne Carson has received the 2026 Nobel Prize in Literature for her inventive body of work. She merges classical traditions with contemporary literature, creating new literary forms. Carson's career includes prominent books like Autobiography of Red and The Beauty of the Husband. Her achievements have earned her various prestigious awards and teaching positions across several universities. This recognition highlights her significant contributions to literature and scholarship.
Motilal Oswal Wealth MD & CEO Ashish Shanker explains 4C Framework for AIFs
India at an inflection point in private credit space: What is creating the opportunity?
Nobel Prize in Literature 2026 awarded to Canadian author Anne Carson
Canadian author Anne Carson has been awarded the 2026 Nobel Prize in Literature for her unique contributions. This prize, announced by the Swedish Academy, acknowledges her engaging interaction with classical traditions. The Nobel Prize in Literature is accompanied by a monetary award, a medal, and a diploma. Since its inception in 1901, the award has been given 119 times to 123 individuals.
A 36-year-old tech professionals possible move to the US has sparked a debate over whether higher nominal pay would translate into a better financial and career outcome. While he expects to save thousands of dollars each month in San Jose and sees potential for professional growth, Reddit users remain divided, with the L-1 visas employment restrictions adding another layer to his decision.
TCS dividend! IT giant declares second interim dividend of Rs 12 per share for FY27
TCS announced a second interim dividend of Rs 12 per share for FY27 after reporting a 15% rise in Q2 net profit to Rs 13,884 crore. Revenue grew 11% to Rs 73,188 crore, while operating margin stood at 24%.
Mar-a-Lago face: Susan Dell, wife of Dell CEO, goes viral after White House appearance with Trump
Susan Dell and President Donald Trump recently appeared to promote Trump Accounts, providing investment funds for children. The initiative aims to distribute $1,000 in seed money to eligible newborns born between 2025 and 2028. Susan Dell encouraged families to claim these accounts, which are now available. Michael Dell highlighted the importance of financial support in a child's early life. The Dells committed a total of $6.
Vi Business and Hindalco partner to build future-ready DigiMine in Odisha
The multi-year managed services deployment includes a complete private network stack with spectrum, core, RAN and managed services
Anand Mahindra expressed his condolences for the death of actor Nana Patekar on social media. Mahindra emphasized Patekar's cultural impact and distinct persona in Indian cinema. He noted that Patekar represented qualities such as individuality, authenticity, and humor. Many prominent figures from various fields mourned his passing, acknowledging his influence beyond the film industry. Patekar's last rites are scheduled to take place with full state honors in Pune.
Mint Explainer: Why is Elon Musks Starlink at war with Indian telecom giants?
Elon Musk claims Indian oligarchs are stalling Starlinks launch, deepening a fierce battle with Jio and Airtel over spectrum allocation and market control.
ONGC, MRPL, OPaL incorporate petrochemicals marketing joint venture
OPML has an authorised and subscribed share capital of 50 crore divided into 5 crore equity shares of 10 each
Tinna Rubber expands into Chile, deepens Saudi bet as stock slides 5.5%
The Board has approved an overall investment cap of up to 5 crore into the Chile entity
Keep UPI free, govt should withdraw proposed charges: GTRI
The Global Trade Research Initiative has urged the government to withdraw the proposed UPI charges set for October 15. Introducing fees on UPI transactions may adversely affect small businesses and consumer spending. Maintaining free UPI supports broader digital payments and benefits banks and payment apps. The anticipated changes could lead to higher prices for consumers and reduced earnings for merchants.
