Business News: Economy & Markets

Top CBIC officials clarify next-gen GST reforms at taxpayers’ meet

IANS | October 16, 2026 1:30 PM

Hyderabad, Oct 16 (IANS) As part of the government’s outreach, Vivek Chaturvedi, Chairman of the Central Board of Indirect Taxes and Customs (CBIC), along with Sanjay Mangal, Member (GST), interacted with trade and industry representatives here to highlight next-gen GST process reforms aimed at simplifying compliance and easing the burden on honest taxpayers.

Elon Musk unveils flying car prototype, says will redefine urban travel

IANS | October 16, 2026 1:22 PM

New Delhi, Oct 16 (IANS) Tesla CEO Elon Musk on Friday unveiled a new version of its Roadster sports car, showcasing a prototype that briefly lifted off the ground during a demonstration at a SpaceX facility in Texas.

Brokerages flag capital risks for Yes Bank after SC order; stock falls nearly 4 pc

IANS | October 16, 2026 12:49 PM

New Delhi, Oct 16 (IANS) Shares of Yes Bank on Friday traded nearly 4 per cent lower as analysts have turned cautious after the Supreme Court upheld the quashing of its Rs 8,415-crore Additional Tier-1 (AT-1) bond write-off, warning of pressure on capital and book value.

China+1 shift can create big opportunity for India's manufacturing sector: Report

IANS | October 16, 2026 12:19 PM

New Delhi, Oct 16 (IANS) India could capture a significantly larger slice of global manufacturing as companies diversify supply chains beyond China, with momentum further driven by production‑linked incentive schemes and rising exports, a report said on Friday.

Indian airlines cancel flights to Saudi cities until Oct 20 amid security concerns

IANS | October 16, 2026 12:01 PM

New Delhi, Oct 16 (IANS) Indian carriers -- Air India and Air India Express -- on Friday announced the suspension of flights to several destinations in Saudi Arabia till October 20, citing the evolving security situation in the region.

FM Sitharaman pushes for early India-US trade deal

IANS | October 16, 2026 10:30 AM

New Delhi, Oct 16 (IANS) Finance Minister Nirmala Sitharaman on Friday called for an early conclusion of the proposed India-United States Bilateral Trade Agreement (BTA) and said its finalisation would be in the interest of both global trade and bilateral economic ties.

Welcome competition in satellite communications, including Starlink: Reliance

IANS | October 16, 2026 10:11 AM

Mumbai, Oct 16 (IANS) Reliance Industries Ltd (REL) on Friday said that India’s rules apply equally to domestic and foreign companies in the field of satellite communications, amid Elon Musk’s criticism of the regulatory hurdles facing Starlink in the country.

Sensex, Nifty trade lower in early deals; IT shares buck trend

IANS | October 16, 2026 9:48 AM

New Delhi, Oct 16 (IANS) Domestic equity benchmark indices traded lower on Friday, tracking mixed global cues, while information technology (IT) shares supported the market with gains.

Govt raises petrol export duty to Rs 2.5 per litre, slashes for diesel

IANS | October 16, 2026 9:18 AM

New Delhi, Oct 16 (IANS) The government has raised the windfall tax on exports of petrol to Rs 2.5 per litre and cut the duty on diesel, effective from Friday.

Piyush Goyal reviews reforms to simplify clearances for industry, improve ease of doing biz

IANS | October 16, 2026 9:09 AM

New Delhi, Oct 16 (IANS) Commerce and Industry Minister Piyush Goyal, in a review meeting on reforms in India's trade and commerce administration, has discussed time-bound decision-making, streamlining compliance requirements, simplifying clearances for industry and exploring innovative approaches to improve ease of doing business.

Business

Top CBIC officials clarify next-gen GST reforms at taxpayers’ meet

Elon Musk unveils flying car prototype, says will redefine urban travel

Brokerages flag capital risks for Yes Bank after SC order; stock falls nearly 4 pc

China+1 shift can create big opportunity for India's manufacturing sector: Report

Indian airlines cancel flights to Saudi cities until Oct 20 amid security concerns

FM Sitharaman pushes for early India-US trade deal

Welcome competition in satellite communications, including Starlink: Reliance

Sensex, Nifty trade lower in early deals; IT shares buck trend

Govt raises petrol export duty to Rs 2.5 per litre, slashes for diesel

Piyush Goyal reviews reforms to simplify clearances for industry, improve ease of doing biz

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