Higher tax for tobacco: Centre mulls new bill for Parliament’s winter session; compensation cess stays for now
[ad_1] The central government is likely to propose legislation during Parliament’s winter session to implement a tax on tobacco and related products, potentially replacing the existing GST compensation cess levied on these items.The present compensation cess, applied alongside the 28% GST, is expected to remain for a minimum of three months, allowing the government to complete its loan repayment to
Rupee slips to a fresh low of 88.27 against $
[ad_1] MUMBAI: The rupee bucked the trend among Asian peers on Friday, slipping to a record low even as most emerging market currencies strengthened against the dollar. It closed at 88.27 after touching an intra-day low of 88.36, weaker than Thursday’s close of 88.15.The fall came amid concerns over US tariffs, while intervention by Reserve Bank of India through state-run
Kenvue stock drops 10% on RFK Jr. Tylenol autism report
[ad_1] Kenvue Inc. Tylenol brand pain reliever for sale at a pharmacy in New York, US, on Wednesday, March 27, 2024. Bloomberg | Bloomberg | Getty Images Shares of Kenvue fell more than 10% on Friday after a report that Health and Human Services Secretary Robert F. Kennedy Jr. will likely link autism to the use of the company’s pain
Fixing problems, unlocking India’s growth potential
[ad_1] India’s economic journey has always been shaped by bold reforms, and the latest set of Goods and Services Tax (GST) measures announced at the 56th GST Council meeting on September 3, 2025, may well prove to be one of the most consequential yet. For years, businesses and policymakers alike have called for simplification, predictability, and fairness in India’s indirect
Lululemon (LULU) Q2 2025 earnings
[ad_1] Lululemon shares plunged 20% in extended trading after the company gave a much worse than expected full-year outlook, as tariffs take a bite from its profits. The company topped second-quarter earnings estimates but slightly missed revenue expectations. It said it expected President Donald Trump’s tariffs to hit its full-year profits by $240 million. Lululemon said it expects full fiscal-year
NFL MVP Josh Allen leaves Nike to sign with New Balance
[ad_1] NFL MVP Josh Allen signs with New Balance. Courtesy of New Balance NFL MVP Josh Allen has left Nike to sign an endorsement deal with New Balance. The Buffalo Bills quarterback announced the news on Friday in a letter to his hometown of Firebaugh, California. The deal is a major win for Massachusetts-based New Balance. Allen has been a
Massive Powerball jackpot means big boost for DraftKings
[ad_1] Budrul Chukrut | SOPA Images | Lightrocket | Getty Images Powerball fever is spreading as the jackpot hits $1.8 billion, making it the second-largest prize in U.S. lottery history. The enthusiasm for the gargantuan pot is fueling business on Jackpocket, a lottery courier owned by DraftKings and available in 16 states. DraftKings said 15 million Powerball tickets have been
AMD offers 100K hours of free developer cloud access to Indian researchers, startups to democratise compute
[ad_1] AMD, a semiconductor firm headquartered in Santa Clara, on Friday (September 5, 2025) said it would provide Indian researchers and startups, 100,000 hours of free access to AMD Developer Cloud (ADC) over the next year. ADC offers developers and open-source contributors on-demand access to its AMD Instinct MI300X GPUs, a GPU accelerator designed to power Artificial Intelligence (AI) and
Mortgage rates see biggest one-day drop in over a year
[ad_1] A sign is posted in front of a home for sale on Aug.27, 2025 in San Francisco, California. Justin Sullivan | Getty Images The average rate on the 30-year fixed mortgage dropped 16 basis points to 6.29% Friday, according to Mortgage News Daily, following the release of a weaker-than-expected August employment report. It marks the lowest rate since October
The next frontier of Hollywood IP harvesting
[ad_1] Warner Bros. | Universal Studios | Amazon Prime Hollywood is finally leveling up. For decades, studios have tried to capitalize on the financial success and cultural relevance of video games, but it’s only been in the past few years that things have clicked. With the box office achievements of Universal’s “The Super Mario Bros. Movie” and Warner Bros.’ “A
Yieldstreet tells investors in $89 million worth of marine loans to expect losses
[ad_1] Cargo containers stacked aboard a ship at the Jakarta International Container Terminal in Tanjung Priok Port on Aug. 7, 2025. Str | Afp | Getty Images The private market assets platform Yieldstreet struck a deal to recoup some of its legal expenses for an ill-fated series of marine loans — but its customers are less fortunate. Yieldstreet is getting
Mobility sector sees signs of revival ahead of festive season: Shriram Mobility Bulletin
[ad_1] There was a positive recovery in truck rentals across India’s logistics and mobility ecosystem with steady freight rates, rising digital toll collections, and sustained momentum in electric vehicle adoption, even as weather disruptions impacted trucking activity in Northern India, especially in the states of Punjab, Himachal Pradesh and Uttarakhand, says the September edition of Shriram Mobility Bulletin. The festive
Quarterly demand for industrial space falls for the first time in 15 years
[ad_1] Owngarden | Moment | Getty Images Five years ago, when the pandemic pushed e-commerce to new highs, the industrial warehouse space became the biggest commercial real estate play around. It began to slow in 2022, but now economic uncertainty brought on by constantly changing tariff policy and persistently high inflation is taking a greater toll on the previously hot
Foundation stone laid for pilot green methanol bunkering and refuelling at VOC Port in Thoothukudi
[ad_1] K. Senthil Raj, Managing Director of SIPCOT and Susanta Kumar Purohit, Chairperson of V.O. Chidambaranar Port Authority exchange MoUs in the presence of Sarbananda Sonowal, Union Minister of Ports, Shipping and Waterways at V.O.C. Port Authority in Thoothukudi | Photo Credit: RAJESH N The foundation stone for the pilot green methanol bunkering and refuelling facility worth ₹35.34 crore was
Mauritius PM Navinchandra Ramgoolam to visit India next week
[ad_1] Mauritius Prime Minister Navinchandra Ramgoolam will be on a State Visit to India from September 9-16, the Ministry of External Affairs (MEA) announced on Friday. This will be Ramgoolam’s first overseas bilateral visit to India in his current term. While addressing a weekly media briefing in New Delhi, MEA spokesperson Randhir Jaiswal recalled Ramgoolam’s earlier visit to India in
EAM Jaishankar meets Bhutan PM Tobgay, hails unique and time-tested ties
[ad_1] External Affairs Minister (EAM) S Jaishankar called on Bhutan Prime Minister Tshering Tobgay in New Delhi on Friday, conveying greetings of Prime Minister Narendra Modi and hailing the “unique and time-tested” partnership between the two nations. Following their meeting, EAM Jaishankar in a post on X wrote, “Delighted to call on PM Tshering Tobgay of Bhutan this evening. Conveyed
Weather Update (September 5): Heavy rains batter several states; IMD warns of more showers this weekend
[ad_1] The monsoon maintained its grip across multiple states on Friday, with the IMD issuing a red alert for Gujarat and forecasting more heavy rain in Rajasthan, Odisha and Maharashtra. Delhi and its adjoining districts remained on edge as the Yamuna stayed above the danger mark, while Punjab and Himachal Pradesh continued to grapple with widespread flood devastation. The IMD
GST cut impact on realty: “Overall construction cost to decline by 3.5-4.5%”
[ad_1] The rationalisation of tax rates on construction material by the GST Council is expected to provide the real estate sector some relief but since the rates applicable on property remain unchanged, there would be stability in taxation, Crisil Intelligence said in a study. Since the rates applicable on affordable housing (1%), under-construction properties (5%) and completed properties (exempt) remain
Motilal Oswal Executive Centre opened at ISB, Hyderabad
[ad_1] File picture: Motilal Oswal, Chairman, Motilal Oswal Foundation | Photo Credit: jaishankar Deputy Chief Minister of Telangana, Bhatti Vikramarka Mallu, on Friday formally inaugurated the Motilal Oswal Executive Centre (MOEC) at the Indian School of Business campus here. The Centre is expected to enhance ISB’s capacity to deliver world-class executive education, leadership programmes and bridge academia and industry. The opening of the Motilal Oswal
Himachal Pradesh: Monsoon toll climbs to 355; 194 rain-related deaths
[ad_1] The monsoon fury in Himachal Pradesh has left a trail of destruction, claiming 355 lives so far this season, including 194 in rain-related incidents such as landslides, flash floods, drowning, lightning strikes, and other weather-triggered causes, and 161 in road accidents, according to the State Disaster Management Authority (SDMA). The SDMA’s cumulative report from June 20 to September 4
Rotten meat scam devastates Kashmir food sector, leading to layoffs, shrinking sales
[ad_1] Official data show authorities seized around 11,668 kg of meat unfit for consumption in the first week of August, while several tonnes were also found dumped along roadsides. In early August, diners in Kashmir Valley were blindsided when authorities seized several hundred kilograms of rotten meat from a cold storage facility in Srinagar to be supplied to restaurants and
Elon Musk package: Tesla board files $1 trillion Musk pay plan if 12 goals met; targets include robotaxis, AI bots
[ad_1] Tesla CEO Elon Musk could be in line for a payout worth as much as $1 trillion if the electric carmaker meets a series of highly ambitious targets over the next decade, according to a regulatory filing released on Friday, the news agency AP reported.The proposed package includes a dozen share tranches linked to goals ranging from vehicle deliveries
Starbucks renovating cafes to be more accessible
[ad_1] As Starbucks revamps its U.S. locations, the coffee chain is trying to make its cafes welcoming to all through more inclusive design. As part of its broader effort to bring back customers, the company has prioritized plans to give makeovers to roughly 1,000 locations by the end of 2026. It will sideline major store renovations and development in the
Gold rate today: Prices surge Rs 900 near record high; silver stays flat at Rs 1.25 lakh per kg
[ad_1] Gold rate today: Gold prices soared by Rs 900 to Rs 1,06,970 per 10 grams in the national capital on Friday, edging closer to record highs amid rupee weakness, firm global trends, and expectations of a US Federal Reserve rate cut later this month.According to the All India Sarafa Association, gold of 99.5 per cent purity also advanced by
GST relief for gems sector: Small diamond imports exempted from IGST; jewellery box tax cut to 5%
[ad_1] The Gem and Jewellery Export Promotion Council (GJEPC) on Friday said that recent GST reforms have delivered significant relief to the diamonds and jewellery sector, easing costs for both exporters and consumers.The government’s move to exempt imports of natural cut and polished diamonds up to 25 cents under the Diamond Imprest Authorisation Scheme (DIAS) from the 18% IGST will