The Economic Times

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.

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.

Banks are expected to report a nearly 60% decline in treasury income for the July-September quarter. Analysts predict treasury gains to decrease from 13,100 crore last year to 5,500 crore this year. Rising government bond yields have negatively impacted investment portfolios, leading to lower gains. Public sector banks will feel a more pronounced effect due to their larger government securities portfolios.

TCS reported a 15% year-on-year rise in September-quarter net profit to Rs 13,884 crore, while revenue grew 11.2% to Rs 73,188 crore. AI services revenue doubled to $3.1 billion annually, but constant-currency growth was just 0.5%. Margins narrowed to 24% as hiring and operating costs increased.

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.

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.

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.

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.

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.

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 occa

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.

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.

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.

Delhi has been put on high alert ahead of the CJP protest scheduled for October 10, with extensive security arrangements being put in place across the national capital, sources said.

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.

ITC witnessed a nearly Rs 9,437 crore block deal as a GQG-linked fund sold 36.51 crore shares, while Fidelity and major Indian mutual funds bought stakes. The transaction comes as ITC shares remain under pressure from taxation concerns and weak volume recovery.

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.

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.

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.

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.

Russia's health regulator has denied claims of a second illness connected to a plague laboratory worker. The worker, Darya Shipilova, died from pneumonia recently, though the exact cause remains unclear. Russian authorities have assured that there is no risk of an epidemic arising from this incident. The World Health Organization has requested confirmation of media reports about another pneumonia case.

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.

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.

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.

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.

The Bombay High Court is questioning former assistant police inspector Sachin Waze's use of luxury vehicles and hotel stays. Witness statements indicate that Waze drove high-end cars and stayed at a five-star hotel for months. The court is concerned about the source of his income, given his modest salary as an API. The National Investigation Agency argued for his continued detention, citing potential witness tampering.

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 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%.

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.

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.

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.

State Bank of India Chairman C S Setty stated there will be no deposit rate hikes for the next three months. He cited sufficient liquidity in the system as a key reason for this prediction. Setty mentioned that credit growth is expected to sustain at 14 to 15 percent over time. He emphasized that banks need to ensure positive real interest rates for depositors amid rising inflation.

On October 8, shares of Adani Group experienced sharp declines amid a wider market downturn, with Adani Green Energy plunging by 10% and Adani Enterprises by 7%. Despite receiving a long-term rating upgrade from CARE Ratings, investor confidence remained shaky. Other subsidiaries, including Adani Power and Adani Ports, also witnessed losses, underscoring the market's inherent volatility and investor unease regarding the current economic climate.

At least 46 companies are expected to report double-digit profit declines in Q2, despite Motilal Oswal projecting 22% earnings growth for its coverage universe. Autos, cement, healthcare, consumer and capital goods are among sectors facing pressure, highlighting the uneven nature of the September-quarter earnings recovery.

Vedanta has announced its first interim dividend of Rs 5 per share for FY27, with a total payout of Rs 1,955 crore. The dividend comes after the companys mega demerger earlier this year. Investors will need to hold Vedanta shares by October 14 to qualify, with October 13 being the last buying day.

Nine smallcap stocks that fell over 40% in 2025 have more than doubled in 2026, highlighting sharp turnarounds in investor sentiment and emerging as some of the years biggest multibagger stories.

Nifty 50 approaches its 52-week low as the index breaches key technical support levels amid RBI policy tightening, persistent FII selling, rising oil prices and weak global cues.

Murli Manohar Joshi addressed the media at the FICCI Higher Education Summit regarding student protests. He emphasized that students' demands should be heard with empathy and understanding. Joshi compared students to children, suggesting that their concerns must be taken seriously by authorities. He expressed his disapproval of using force to handle protests, citing the impact on society.