GST overhaul a significant shift toward consumption-led growth: Report

IANS | September 5, 2025 3:30 PM

New Delhi, Sep 5 (IANS) The Goods and Services Tax (GST) overhaul, which comes into effect from September 22, is a significant shift aimed at stimulating growth through consumption-led strategies, especially as indirect taxes are regressive in nature, a report said on Friday.

India’s diesel exports to Europe double in August

IANS | September 5, 2025 3:12 PM

New Delhi, Sep 5 (IANS) India’s diesel exports to Europe have more than doubled in August as buyers stepped up purchases to secure supplies at lower prices ahead of the European Union ban on fuels refined from Russian crude that will kick in from January 2026, according to market analysts.

GST reforms to moderate CPI inflation in range of 65-75 bps over FY26-27

IANS | September 5, 2025 2:06 PM

New Delhi, Sep 5 (IANS) The GST reforms can moderate CPI inflation in the range of 65-75 bps over FY26-27, an SBI report has said, adding that the simpler GST 2.0 system unleashes plethora of benefits in the form of consumption boost primarily from the middle class, low inflation, ease of business and ease of living.

Ola Electric’s shares nosedive after SoftBank trims stake

IANS | September 5, 2025 1:40 PM

New Delhi, Sep 5 (IANS) Shares of Ola Electric Mobility dropped nearly 8 per cent on Thursday’s intra-day trading session after Japanese investment giant SoftBank cut its stake in the electric scooter maker through open market deals.

Revenue of India Inc to go up 7 pc as GST cut spurs demand: Report

IANS | September 5, 2025 1:24 PM

New Delhi, Sep 5 (IANS) The revenue of India Inc. will likely grow 6-7 per cent during the current financial year because of the reduction in the goods and services tax (GST) rates. The reductions will have a positive impact on consumption, which accounts for 15 per cent of the revenue of corporates, according to a Crisil Intelligence Report released on Friday.