Multiple indirect taxes have given way to a simpler structure, with 5% GST on electric vehicles, 18% as the standard rate for most vehicles. (AI image) By Parul Nagpal, Tax Partner, EY IndiaIndia’s automobile industry is entering an exciting phase of growth. Today, India is the world’s third-largest automobile market, contributing nearly 7% to GDP … Read more
Jet fuel prices cut down by Rs 5 per litre to Rs 110 NEW DELHI: The central government cut down the jet fuel, or aviation turbine fuel (ATF), prices for domestic airlines by Rs 5 per litre on Wednesday following a decline in international crude oil prices, offering some relief to after weeks of elevated … Read more
Another area where substantial progress has been made is product classification. By Sanket Desai, Tax Partner, EY IndiaAs India completes nine years of the Goods and Services Tax (GST), the reform has emerged as one of the most significant catalysts for change in the FMCG sector. Introduced in July 2017, GST replaced a multitude of … Read more
Top stocks to buy today (AI image) Stock market recommendations: NACL Industries, Info Edge (Naukri), and Minda Corporation – these are the top stocks to buy recommended by Mehul Kothari, DVP – Technical Research at Anand Rathi Shares for July 1, 2026:NACL Industries: Inverse Head & Shoulders Breakout with Strong AccumulationBuy: Rs 204–Rs 200 | … Read more
Donald Trump gains $1.4 billion from crypto (AP) US President Donald Trump’s latest financial disclosure has revealed a dramatic shift in the source of his wealth, with cryptocurrency emerging as the biggest contributor to his income.The annual disclosure filed with the US office of government ethics showed Trump reported more than $1.4 billion in income … Read more
Voltas sells 1 million units in 81 days as India sizzles MUMBAI: Voltas entered the new financial year on a strong footing, with its room air conditioning business crossing the milestone of one million units in a record 81 days, chairman Noel Tata said Tuesday at what marked his final annual general meeting as chairman … Read more
MUMBAI: Banks’ bad loans, which are at a multi-decadal low, are expected to rise marginally to 1.9% by March 2028 under a baseline scenario from 1.8% in March 2026, even as capital ratios are projected to moderate over the same period according to RBI’s bi-annual Financial Stability Report. According to the macro stress test results … Read more
Seeking mobile numbers for policy information ‘dark pattern’: Irdai chief Ajay Seth (Image/ANI) MUMBAI: Irdai has flagged insurers seeking personal information to provide quotes or policy details as a ‘dark pattern’ and has commissioned a study by a public policy institute to define and track such practices over nine months. Speaking at an event organised … Read more
45% of homes will need electrical upgrades to charge EVs: Study NEW DELHI: Amid the push for EVs and Delhi govt’s policy of stopping registration of CNG- and petrol-fuelled threewheelers from Jan 2027 and two-wheelers from April 2028, a study released Tuesday has found nearly 45% of Indian homes need electrical upgrades to safely charge … Read more
MUMBAI: India’s invisible surplus widened sharply in the quarter ended Mar 2026 and over FY26, driven by strong services exports and higher remittances, while primary income outflows remained contained.The surplus rose to $90,513.93 million in Q4 FY26, up 24.05% from $72,968.57 million a year earlier. For FY26, it expanded to $312,047.60 million, up 18.20% from … Read more