Finance minister Nirmala Sitharaman said India is close to taking a final call on reducing goods and services tax (GST) rates further and reviewing the levy’s slabs. The revenue neutral rate had dropped from 15.8% when GST was introduced in 2017, to 11.4% by 2023, she said at the 25th ET Awards for Corporate Excellence … Read more
India’s services sector activity witnessed a sharp uptick in February boosted by improving domestic and international demand, which resulted in a quicker expansion in output and a substantial increase in employment, a monthly survey said on Wednesday (March 5, 2025). The seasonally adjusted HSBC India Services PMI Business Activity Index rose from January’s 26-month low … Read more
An emerging movement against Tesla and its CEO Elon Musk has heated up, prompting protests at showrooms throughout the US and Europe, as per a report. Tesla takedown The movement, called “Tesla Takedown,” is urging consumers to shed their Teslas and sell their shares, aiming at Musk’s strong relationships with the Trump administration’s radical government … Read more
During his hours long speech, US President Donald Trump said he has received a letter from the Ukrainian President Volodymyr Zelensky, just days after he was publicly criticized him and US aid to Ukraine was suspended. Zelensky, in his letter, expressed a willingness to negotiate a minerals deal that could greatly benefit both nations. The … Read more
The initiative, part of the Promotion of Research & Innovation in Pharma MedTech Sector (PRIP) scheme—launched in August 2023 for a five-year period—seeks to boost domestic R&D and reduce India’s reliance on imported technology. Also read: DCGI seeks post-market surveillance data on 2 combination drugs within 3 months “We are planning to float the expression … Read more
US President Donald Trump has announced a new visa program that will offer a “gold card” with a potential pathway to US citizenship for $5 million, that could significantly benefit Indian graduates and investors. This initiative, which Trump expects to generate significant revenue, is set to replace the existing EB-5 visa program. A new opportunity … Read more
The announcement by US President Donald Trump on Tuesday on the launch of a gold card investor visa programme, for wealthy immigrants, is likely to impact many Indians who are looking at applying for US green cards or permanent residency through the EB-5 visa route. President Trump told reporters on Tuesday that the new gold … Read more
RBI governor Sanjay Malhotra in his maiden monetary policy committee (MPC) meeting had said that it was an ‘appropriate time’ to cut rates, given the macroeconomic outlook and expected inflation alignment with the target. Malhotra had argued that monetary easing, along with agricultural growth and budgetary measures, would stimulate household consumption, housing investment and capital … Read more
Dubai-based cryptocurrency exchange Bybit has found itself at the centre of a financial storm. Hackers made off with nearly $1.5 billion worth of Ethereum (ETH) from the platform’s cold wallet, triggering a mass panic among users. The fallout was immediate: over $4 billion in additional withdrawals followed, bringing the total outflow to a jaw-dropping $5.5 … Read more