India’s business community has warmly welcomed Prime Minister Narendra Modi’s announcement to overhaul the Goods and Services Tax (GST), describing it as a crucial step towards boosting demand, cutting compliance burdens and supporting growth.In his Independence Day address from the Red Fort, PM Modi said the government will simplify the GST framework by reducing the…
Nifty 50 could fluctuate between 11 per cent below and 4 per cent above its year-end target of 25,000 as markets face a host of uncertainties, according to a report by BofA Securities.As per news agency ANI, the brokerage said that possible US trade tariffs on Indian goods, a shaky US economic outlook, delays in…
Travellers wait in line for the next available agent at the Air Canada counter in Montreal-Pierre Elliott Trudeau International Airport in Dorval, Quebec. (Picture credit: AP) Air Canada has suspended all operations after more than 10,000 of its flight attendants walked off the job early Saturday, plunging peak summer travel into chaos and leaving passengers…
Democrats rip into Trump’s tariff move (Picture credit: AP) Democrats on the US House Foreign Affairs Committee have sharply criticised the Trump administration’s warning of higher tariffs on India if talks with Russian President Vladimir Putin fail to produce results.Responding on social media platform X to comments by US treasury secretary Scott Bessent, the Committee…
File photo: PM EAC member Sanjeev Sanyal (Picture credit: ANI) India’s sovereign credit upgrade from S&P Global Ratings was “much required” but still leaves the country rated below its true economic strength, Economic Advisory Council to the Prime Minister (EAC-PM) member Sanjeev Sanyal said.Reacting to S&P’s move to lift India’s rating from ‘BBB-’ to ‘BBB’,…
NEW DELHI: PM Narendra Modi‘s announcement of a GST revamp is set to push states, especially those ruled by Opposition parties, to agree to the Centre’s rate rationalisation plan, with the finance ministry’s calculations suggesting that the exercise will result in a short-term impact on revenue, which will be more than made up in the…
MUMBAI: CareEdge Ratings is positioning itself as a global player in sovereign and cross-border corporate ratings through its Gift City-based subsidiary, CareEdge Global IFSC, and is engaging with global debt issuers and institutional investors like sovereign wealth funds.“We are already among the top 10 global rating agencies when it comes to sovereign ratings by number…
NEW DELHI: With traditional multi-specialty hospital chains nearing deal saturation, investors are increasingly shifting their focus on single-specialty hospitals (SSHs), which are fast emerging as the next growth frontier in India’s healthcare landscape. Offering focused care, operational efficiency and faster scalability, SSHs have become particularly attractive to private equity (PE) firms, analysts told TOI. This…
NEW DELHI: State-run IndianOil Corporation Ltd has reported a standalone profit of Rs 5,689 crore in the first quarter against Rs 2,643 crore in the year-ago period on the back of robust margins. The company recorded an inventory loss of Rs 6,465 crore against a gain of Rs 3,345 crore in the previous corresponding period….
BENGALURU: Vyome Holdings, created through the merger of biotech startup Vyome Therapeutics and Nasdaq-listed ReShape Lifesciences, began trading on Friday under the ticker ‘Hind’, with Vyome shareholders holding a controlling 91.6% stake in the combined company. The debut coincided with India’s 79th Independence Day. Source link
