BUSINESS
Finance Ministry Refutes Rumors of GST on High-Value UPI Payments
"The reports that the government is considering GST on UPI transactions of over Rs 2,000 are totally false, misleading, and baseless. Currently, no such proposal is under consideration," the Finance Ministry stated.
U.S. Invokes National Security in Defense of Steel Tariffs Amid WTO Dispute with India
This is a clarification from Washington following India's formal April 11 request to the WTO for consultations with the US regarding the increase in tariffs. India has invoked the WTO's Safeguards Agreement in its plea, stating that the measures, regardless of their characterization, are within the ambit of safeguard measures.
India’s defence production to touch Rs 3 lakh crore by 2029, Says Rajnath Singh
Delivering a speech at the 'Defence Conclave 2025 – Force of the Future' organized by The Week magazine, Singh reiterated India's resolve to cut dependence on defence imports and develop a strong indigenous defense industrial base that not only serves national requirements but also increases defence exports.
BSE Marks 150 Years in 2025: From Banyan Tree to Dalal Street
With more traders, the Native Share and Stock Brokers' Association came into existence formally on July 9, 1875. This association then developed into the BSE. Interestingly, this was three years prior to when the Tokyo Stock Exchange was set up, thereby making BSE the oldest stock exchange in Asia.
Gensol Shares Plunge 90% After SEBI Uncovers Major Fraud Linked to BluSmart's Parent Firm
The sharp fall follows after the Securities and Exchange Board of India (SEBI) approved an interim order revealing serious financial malpractices and excluding the company's promoters from participating in any managerial position.
Sensex Soars 1,500+ Points, Nifty Bank Nears Record High
The BSE Sensex, which is celebrating its 150th birthday on April 17, began the day in a weakish manner at 76,968 and went as low as 76,666 in the session. Later, there came a good bounceback, and the index surged to an intra-day high of 78,617 — recording a steep turnaround of 1,951 points from its session low.
India’s Exports to US and Imports from China Hit Record High in 2024-25
Provisional foreign trade data of the Commerce Ministry show that Indian imports from China also reached an all-time high of $113.45 billion during the previous year. Indian exports to America also made a huge jump with exports crossing over $10 billion in March itself, an increase of 35% over the corresponding month the previous year. Overall exports did not change much.
ArcelorMittal Nippon Steel Commits ₹60,000 Crore for Green Steel Push in India
The firm aims to increase its capacity to produce steel, enhance scrap processing capacity, and enhance the use of renewable power. AM/NS India hopes that 70% of its production will be rated three stars under the government's carbon emission intensity regulations that will be implemented in December 2024.
China: US Tariff Hikes No Longer Economically Justifiable
The spokesperson continued saying that if the U.S. continues to be obsessed with "tariff numbers," China will decide to disregard such measures, according to Xinhua news agency.
BluSmart Halts Cab Bookings Until May 7 Following SEBI Action on Parent Firm Gensol
BluSmart, which has a presence in Mumbai, Delhi-NCR, and Bengaluru, has suspended its cab services in all three metropolitan areas temporarily.
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