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A woman in Germany realised that her supposedly private nude images and sex videos, stolen from her Google Cloud storage, were made available in Google search results. She tried for months to get them removed. Now, she is suing the big tech giant in what could be a landmark privacy case, titled 'Our Nudes Not Your Business'. This is yet another contest between user privacy and Google surveillance. Here is why it adds up to several issues faced by the Big Tech monopoly.<h2>What is the case of the German woman who sued Google over naked visuals?</h2>The woman, referred to in court documents as Laura, is suing Google in Ireland, the European headquarters of the tech giant. For months, she tried to get her intimate photos and sex videos removed from Google search results. The visuals were stolen from her private Google Cloud along with her ID. The content was then posted on porn websites and became easily searchable under her name.<h2>More than 2,000 URLs are thrown up by Google when searching for the private sex videos that should not have been indexed</h2>Laura is being supported in the court case by the German non-profit group HateAid. She alleged that more than 2,000 URLs were appearing in Google searches on her images and videos. Some content was initially removed after her complaints.But it didn't stop there. Now there are AI-generated deepfakes of her too. Laura's intimate content kept resurfacing in Google searches, now along with AI-generated deepfakes, said a report in Germany's DW News.<a href="https://www.wionews.com/videos/us-court-orders-google-to-compensate-users-for-privacy-breach-1756986043935/embed">https://www.wionews.com/videos/us-court-orders-google-to-compensate-users-for-privacy-breach-1756986043935/embed</a><h2>How the woman found the horror of her intimate visuals when merely searching her name on Google</h2>Laura found that her sex videos and naked pictures were online purely by chance, when searching her name online.&nbsp;The experience was akin to having been raped, she told Der Spiegel newspaper. It left her with post-traumatic stress disorder. She changed her job and relocated.<h2>Why the case ‘Our Nudes are Not Your Business’ against Google is important</h2>HateAid is running a campaign alongside the lawsuit titled 'Our nudes are #NotYourBusiness.'Josephine Ballon, the CEO of HateAid, which is covering the legal costs as well as future cost risks in this case, said very few such affected people can actually imagine taking the risk of suing a corporation like Google.<h2>'Right to be forgotten' is at the core of the Google vs Laura case over sexual images</h2>Ballon expects a landmark ruling to determine whether search engines must permanently remove reported images, even if re-uploaded elsewhere.&nbsp;As data protection expert Marit Hansen said, the case builds on the 2014 European Court of Justice ruling that established the right to be forgotten. Under the European Union's General Data Protection Regulation (GDPR), people must have control over how their data is used.Hansen noted that, while obligations for global search engine providers like Google will arise, the extent of these obligations with regard to images must now be delineated.Also read: <a href="https://www.wionews.com/trending/google-sold-when-an-indian-man-bought-googlecom-at-12-owned-it-for-seconds-heres-what-happened-next-8963894">Google SOLD! When an Indian man bought Google.com at $12, owned it for seconds, here's what happened next</a><h2>But can Google really scrub the internet of image copies?</h2>But this is a tricky area. Filtering out exact image copies is technically easy, according to Hansen, but altered images, such as cropped or AI-generated visuals, pose a challenge. Reverse image searches used by platforms like Google aren’t always accurate, which could be used by companies to deflect responsibility, she was quoted as saying by DW.Also read: <a href="https://www.wionews.com/world/google-s-big-admission-failed-to-alert-users-of-the-severity-of-turkey-earthquake-1753700838722">Google's big admission: Failed to alert millions of the severity of Turkey earthquake</a><h2>Women are often victims of privacy violations online</h2>From revenge porn to data stolen from computers, mobile phones or cloud storage apps, women have been particularly affected by the misuse of their intimate visuals, including fake or AI-generated pictures and videos. "These days, all you really need is a LinkedIn profile picture,” Hansen said.The case highlights the societal scale of the problem and the need for criminalising non-consensual deepfakes, she added, while stressing the mental toll of such incidents.Without action from the search engines, those affected will have to search for images their whole lives and submit manual removal requests, Hansen noted. This is an incredible psychological burden that "should not exist and doesn't have to exist," she added.Also read: <a href="https://www.wionews.com/world/google-sparks-criticism-for-removing-black-history-month-pride-among-other-cultural-events-8713991">Google sparks criticism by removing Black History Month, Pride Month, other such events from Calendar</a><h2>Nobody is spared in online privacy violations: The Celebgate case is a precedent</h2>While Laura is possibly a common citizen, the predatory violations of privacy involving, or facilitated by, big tech giants have not spared even the most famous or wealthy. The cloud storage of private images is a minefield for privacy. The Celebgate scandal and cases in 2014 are examples. Even public figures like Taylor Swift and Italian Prime Minister Giorgia Meloni have been targets of deepfakes.

A woman is suing Google over stolen nude photos and sex videos posted online. The lawsuit demands permanent removal of intimate images and AI-generated deepfakes from search results, highlighting privacy rights and the right to be forgotten. Here is why this case matters



A woman in Germany realised that her supposedly private nude images and sex videos, stolen from her Google Cloud storage, were made available in Google search results. She tried for months to get them removed. Now, she is suing the big tech giant in what could be a landmark privacy case, titled 'Our Nudes Not Your Business'. This is yet another contest between user privacy and Google surveillance. Here is why it adds up to several issues faced by the Big Tech monopoly. What is the case of the German woman who sued Google over naked visuals? The woman, referred to in court documents as Laura, is suing Google in Ireland, the European headquarters of the tech giant. For months, she tried to get her intimate photos and sex videos removed from Google search results. The visuals were stolen from her private Google Cloud along with her ID. The content was then posted on porn websites and became easily searchable under her name. More than 2,000 URLs are thrown up by Google when searching for the private sex videos that should not have been indexed Laura is being supported in the court case by the German non-profit group HateAid. She alleged that more than 2,000 URLs were appearing in Google searches on her images and videos. Some content was initially removed after her complaints. But it didn't stop there. Now there are AI-generated deepfakes of her too. Laura's intimate content kept resurfacing in Google searches, now along with AI-generated deepfakes, said a report in Germany's DW News. https://www.wionews.com/videos/us-court-orders-google-to-compensate-users-for-privacy-breach-1756986043935/embed How the woman found the horror of her intimate visuals when merely searching her name on Google Laura found that her sex videos and naked pictures were online purely by chance, when searching her name online. The experience was akin to having been raped, she told Der Spiegel newspaper. It left her with post-traumatic stress disorder. She changed her job and relocated. Why the case ‘Our Nudes are Not Your Business’ against Google is important HateAid is running a campaign alongside the lawsuit titled 'Our nudes are #NotYourBusiness.' Josephine Ballon, the CEO of HateAid, which is covering the legal costs as well as future cost risks in this case, said very few such affected people can actually imagine taking the risk of suing a corporation like Google. 'Right to be forgotten' is at the core of the Google vs Laura case over sexual images Ballon expects a landmark ruling to determine whether search engines must permanently remove reported images, even if re-uploaded elsewhere. As data protection expert Marit Hansen said, the case builds on the 2014 European Court of Justice ruling that established the right to be forgotten. Under the European Union's General Data Protection Regulation (GDPR), people must have control over how their data is used. Hansen noted that, while obligations for global search engine providers like Google will arise, the extent of these obligations with regard to images must now be delineated. Also read: Google SOLD! When an Indian man bought Google.com at $12, owned it for seconds, here's what happened next But can Google really scrub the internet of image copies? But this is a tricky area. Filtering out exact image copies is technically easy, according to Hansen, but altered images, such as cropped or AI-generated visuals, pose a challenge. Reverse image searches used by platforms like Google aren’t always accurate, which could be used by companies to deflect responsibility, she was quoted as saying by DW. Also read: Google's big admission: Failed to alert millions of the severity of Turkey earthquake Women are often victims of privacy violations online From revenge porn to data stolen from computers, mobile phones or cloud storage apps, women have been particularly affected by the misuse of their intimate visuals, including fake or AI-generated pictures and videos. "These days, all you really need is a LinkedIn profile picture,” Hansen said. The case highlights the societal scale of the problem and the need for criminalising non-consensual deepfakes, she added, while stressing the mental toll of such incidents. Without action from the search engines, those affected will have to search for images their whole lives and submit manual removal requests, Hansen noted. This is an incredible psychological burden that "should not exist and doesn't have to exist," she added. Also read: Google sparks criticism by removing Black History Month, Pride Month, other such events from Calendar Nobody is spared in online privacy violations: The Celebgate case is a precedent While Laura is possibly a common citizen, the predatory violations of privacy involving, or facilitated by, big tech giants have not spared even the most famous or wealthy. The cloud storage of private images is a minefield for privacy. The Celebgate scandal and cases in 2014 are examples. Even public figures like Taylor Swift and Italian Prime Minister Giorgia Meloni have been targets of deepfakes.

A woman is suing Google over stolen nude photos and sex videos posted online. The lawsuit demands permanent removal of intimate images and AI-generated deepfakes from search results, highlighting privacy rights and the right to be forgotten. Here is why this case matters&nbsp;

She found her naked pics and sex videos online, and is suing Google. Why 'Our Nudes Not Your Business' case is important

South Korean giant LG Electronics' India unit is planning to bring an initial public offering (IPO) of Rs 15000 crore, making it the biggest IPO in the Indian stock markets in 2025. LG Electronics is one of the largest sellers of home appliances in the country. It rivals Samsung in India.<h2>Here are 10 things to know about LG's reported IPO plan.</h2><ol><li>According to reports, LG Electronics is expected to bring the initial public offering during the first half of October, amid the festive season.</li><li>LG Electronics delayed its IPO till market conditions are ideal. The South Korean giant believes October will be the correct time for the release of the IPO, reported Business Standard.</li><li>The Securities and Exchange Board of India (Sebi), the country's market regulator, has approved the IPO, it reported, adding that a draft red herring prospectus (DRHP) was filed in December 2024. Sebi approved the issue in March. Initially, the IPO was planned in April-May, but was deferred owing to market volatility.</li><li>The size of the IPO is expected to be Rs 15,000 crore. LG is expected to raise this amount by selling a 15 per cent stake. It will be the largest IPO released this year.</li><li>LG's plan came after India's stock markets showed signs of recovery after several blows due to the global tariff war started by US President Donald Trump, who also imposed tariffs on India. This year, 30 IPOs have raised Rs 60000 crore from the markets this year. These include HDB Financial Services’ Rs 12,500-crore issue. IPOs worth Rs 70000 crore are expected to be launched this year, including Tata Capital’s Rs 17,200-crore IPO. Groww, Meesho, PhonePe, Boat, WeWork India, Lenskart, Shadowfax, and PhysicsWallah can also raise their IPOs.</li></ol>The company is a market leader in the country when it comes to home appliances and consumer electronics, barring mobile phones.

South Korean giant LG Electronics' India unit is planning to bring an initial public offering (IPO) of Rs 15000 crore, making it the biggest IPO in the Indian stock markets in 2025.

South Korean giant LG Electronics' India unit is planning to bring an initial public offering (IPO) of Rs 15000 crore, making it the biggest IPO in the Indian stock markets in 2025. LG Electronics is one of the largest sellers of home appliances in the country. It rivals Samsung in India. Here are 10 things to know about LG's reported IPO plan. According to reports, LG Electronics is expected to bring the initial public offering during the first half of October, amid the festive season. LG Electronics delayed its IPO till market conditions are ideal. The South Korean giant believes October will be the correct time for the release of the IPO, reported Business Standard. The Securities and Exchange Board of India (Sebi), the country's market regulator, has approved the IPO, it reported, adding that a draft red herring prospectus (DRHP) was filed in December 2024. Sebi approved the issue in March. Initially, the IPO was planned in April-May, but was deferred owing to market volatility. The size of the IPO is expected to be Rs 15,000 crore. LG is expected to raise this amount by selling a 15 per cent stake. It will be the largest IPO released this year. LG's plan came after India's stock markets showed signs of recovery after several blows due to the global tariff war started by US President Donald Trump, who also imposed tariffs on India. This year, 30 IPOs have raised Rs 60000 crore from the markets this year. These include HDB Financial Services’ Rs 12,500-crore issue. IPOs worth Rs 70000 crore are expected to be launched this year, including Tata Capital’s Rs 17,200-crore IPO. Groww, Meesho, PhonePe, Boat, WeWork India, Lenskart, Shadowfax, and PhysicsWallah can also raise their IPOs. The company is a market leader in the country when it comes to home appliances and consumer electronics, barring mobile phones.

LG is a market leader in the country when it comes to home appliances and consumer electronics. The South Korean company is planning to bring an IPO in the first half of October.

LG Electronics to bring IPO in India: 5 points on South Korean giant's planned offering

The US national debt is now at a record $37 trillion, the highest in the world. Despite this colossal burden, the United States remains the largest global economy. How is this possible? The answer lies in a combination of US economic growth, the unique role of the US dollar in global financial system, and the structure of its debt. But how long can this party last? Let's find out.<h2>Why the US owes more than it earns: Where does debt come from?</h2>The US debt-to-GDP ratio has climbed above 119 per cent, meaning the country owes more than its entire annual economic output. By mid-2025, the US GDP stood at around $30.3 trillion. Debt is increasing rapidly, meanwhile—by about $1 trillion every five months—making consistent economic growth essential to managing this load.Of the $37 trillion, nearly $24.4 trillion is public debt owed to private investors, mutual funds, and foreign governments. Approximately $7.3 trillion consists of intragovernmental holdings, such as Social Security and Medicare trust funds. The Federal Reserve, the US central bank, holds about $4.6 trillion in US Treasuries, part of its monetary policy operations.<a href="https://www.wionews.com/videos/trumps-fed-rate-demand-trump-urges-powell-to-cut-rates-amid-falling-prices-9068849/embed">https://www.wionews.com/videos/trumps-fed-rate-demand-trump-urges-powell-to-cut-rates-amid-falling-prices-9068849/embed</a><h2>Who are the main foreign holders of US debt?</h2>Japan is the largest foreign creditor with roughly $1.1 trillion in US debt holdings, followed by the UK ($809 billion), China ($756 billion), the Cayman Islands ($455 billion), and Canada ($426 billion). These countries invest heavily in US debt because the US dollar is the world’s primary reserve currency, and US Treasury securities are considered among the safest and most stable investments worldwide.<h2>The rising interest costs challenge the US budget</h2>Interest payments on the debt are increasingly straining the US budget. In fiscal year 2024, net interest costs reached nearly $880 billion—more than the government spends on Medicare or defence. Average interest rates on government borrowing have more than doubled in recent years, rising from around 1.6 per cent in 2022 to 3.35 per cent by mid-2025. This rise has prompted Moody’s to downgrade the US credit outlook, citing growing deficits and debt.Also read: <a href="https://www.wionews.com/world/trump-s-fed-interference-poses-serious-danger-to-world-economy-warns-ecb-chief-christine-lagarde-1756735770893">Trump’s Fed interference poses ‘serious danger’ to world economy, warns ECB chief Christine Lagarde</a><h2>Why the US economy remains dominant</h2>The global demand for US dollars and Treasury securities underpins America’s economic strength in spite of its public debt. The dollar’s role as the primary reserve currency allows the US government to borrow at relatively low interest rates and continuously re-finance its debt. Investors worldwide see US debt as a safe, liquid asset.US GDP growth has been steady, helping to prevent the debt-to-GDP ratio from worsening despite rising debt. Much of the public debt is also held domestically—in pension funds, mutual funds, and financial institutions—reducing reliance on foreign creditors.Also read: <a href="https://www.wionews.com/world/-will-bring-america-back-to-brink-of-economic-catastrophe-trump-administration-urges-supreme-court-to-allow-tariff-imposition-1756992990632">'Will bring America back to brink of economic catastrophe’: Trump administration urges Supreme Court to allow tariff imposition</a><h2>US economic resilience amid challenges: Risks and projections&nbsp;</h2>The US economy has demonstrated remarkable resilience, successfully navigating the 2008 financial crisis and the COVID-19 pandemic with effective fiscal and monetary stimulus measures that stabilised markets and restored growth.However, risks remain. The Congressional Budget Office projects that public debt could rise from 99 per cent of GDP in 2024 to 116 per cent by 2034, potentially reaching 172 per cent by 2054 if current trends continue. Some forecasts suggest debt could hit 130 per cent of GDP over the next decade without significant policy reforms.Consultancy firm EY warns that unchecked debt growth could reduce economic output by $340 billion by 2035, lead to 1.2 million job losses, cut private investment by nearly 14 per cent, and suppress wages.Also read: <a href="https://www.wionews.com/world/us-economy-staring-at-recession-global-investment-bank-puts-risk-at-93-here-s-why-1756971115068">US economy staring at recession? Global investment bank puts risk at 93%. Here's why</a><h2>Can the US sustain its debt?</h2>A sudden collapse under the debt burden is unlikely, but concerns persist. The US financial system remains one of the most credible globally, but credit rating agencies and investors are closely monitoring the country’s fiscal health. The critical question is whether the US government can manage its debt without undermining its economic leadership.For now, America’s unique position as the issuer of the world’s primary reserve currency, its ongoing economic growth, and deep financial markets allow it to maintain global dominance. However, the future depends on prudent fiscal management to prevent the debt from becoming a significant drag on economic progress.

The US holds $37 trillion in national debt, the highest globally, yet remains the world's largest economy. But just how? The strong trust in and demand for the US dollar, steady GDP growth and investor trust in Treasury securities are the answers. How long can this go on?



The US national debt is now at a record $37 trillion, the highest in the world. Despite this colossal burden, the United States remains the largest global economy. How is this possible? The answer lies in a combination of US economic growth, the unique role of the US dollar in global financial system, and the structure of its debt. But how long can this party last? Let's find out. Why the US owes more than it earns: Where does debt come from? The US debt-to-GDP ratio has climbed above 119 per cent, meaning the country owes more than its entire annual economic output. By mid-2025, the US GDP stood at around $30.3 trillion. Debt is increasing rapidly, meanwhile—by about $1 trillion every five months—making consistent economic growth essential to managing this load. Of the $37 trillion, nearly $24.4 trillion is public debt owed to private investors, mutual funds, and foreign governments. Approximately $7.3 trillion consists of intragovernmental holdings, such as Social Security and Medicare trust funds. The Federal Reserve, the US central bank, holds about $4.6 trillion in US Treasuries, part of its monetary policy operations. https://www.wionews.com/videos/trumps-fed-rate-demand-trump-urges-powell-to-cut-rates-amid-falling-prices-9068849/embed Who are the main foreign holders of US debt? Japan is the largest foreign creditor with roughly $1.1 trillion in US debt holdings, followed by the UK ($809 billion), China ($756 billion), the Cayman Islands ($455 billion), and Canada ($426 billion). These countries invest heavily in US debt because the US dollar is the world’s primary reserve currency, and US Treasury securities are considered among the safest and most stable investments worldwide. The rising interest costs challenge the US budget Interest payments on the debt are increasingly straining the US budget. In fiscal year 2024, net interest costs reached nearly $880 billion—more than the government spends on Medicare or defence. Average interest rates on government borrowing have more than doubled in recent years, rising from around 1.6 per cent in 2022 to 3.35 per cent by mid-2025. This rise has prompted Moody’s to downgrade the US credit outlook, citing growing deficits and debt. Also read: Trump’s Fed interference poses ‘serious danger’ to world economy, warns ECB chief Christine Lagarde Why the US economy remains dominant The global demand for US dollars and Treasury securities underpins America’s economic strength in spite of its public debt. The dollar’s role as the primary reserve currency allows the US government to borrow at relatively low interest rates and continuously re-finance its debt. Investors worldwide see US debt as a safe, liquid asset. US GDP growth has been steady, helping to prevent the debt-to-GDP ratio from worsening despite rising debt. Much of the public debt is also held domestically—in pension funds, mutual funds, and financial institutions—reducing reliance on foreign creditors. Also read: 'Will bring America back to brink of economic catastrophe’: Trump administration urges Supreme Court to allow tariff imposition US economic resilience amid challenges: Risks and projections The US economy has demonstrated remarkable resilience, successfully navigating the 2008 financial crisis and the COVID-19 pandemic with effective fiscal and monetary stimulus measures that stabilised markets and restored growth. However, risks remain. The Congressional Budget Office projects that public debt could rise from 99 per cent of GDP in 2024 to 116 per cent by 2034, potentially reaching 172 per cent by 2054 if current trends continue. Some forecasts suggest debt could hit 130 per cent of GDP over the next decade without significant policy reforms. Consultancy firm EY warns that unchecked debt growth could reduce economic output by $340 billion by 2035, lead to 1.2 million job losses, cut private investment by nearly 14 per cent, and suppress wages. Also read: US economy staring at recession? Global investment bank puts risk at 93%. Here's why Can the US sustain its debt? A sudden collapse under the debt burden is unlikely, but concerns persist. The US financial system remains one of the most credible globally, but credit rating agencies and investors are closely monitoring the country’s fiscal health. The critical question is whether the US government can manage its debt without undermining its economic leadership. For now, America’s unique position as the issuer of the world’s primary reserve currency, its ongoing economic growth, and deep financial markets allow it to maintain global dominance. However, the future depends on prudent fiscal management to prevent the debt from becoming a significant drag on economic progress.

The US holds $37 trillion in national debt, the highest globally, yet remains the world's largest economy. But just how? The strong trust in and demand for the US dollar, steady GDP growth and investor trust in Treasury securities are the answers. How long can this go on?&nbsp;

Debtor nation: The US owes $37 trillion, world's largest public debt, but still dominates global economy. How?

Hyundai India announced on Sunday a price reduction of up to Rs 2.4 lakh for its cars. The move came days after Tata, Mahindra and Mahindra and Renault India also slashed prices of their products.&nbsp;Hyundai Verna's car prices will drop by Rs 60,640, Tuscon's prices will be slashed by Rs 2,40,303. The prices of the Hyundai Grand i10 Nios, Exter, Hyundai i20, Creta, and Alcazar will also be dropped.&nbsp;The new prices of these cars will take effect on September 22.<h2>Here's how much discount Hyundai cars will be on from September 22.</h2>Hyundai Tucson- Rs 2,40,303 i20- Rs 98,053 i20 N Line- Rs 1,08,116 Venue- Rs 1,23,659 Venue N Line- Rs 1,19,390 Grand i 10 Nios- Rs 73,808 Aura- Rs 78,465 Exter- Rs 89,209 Verna- Rs 60,640 Creta- Rs 72,145 Creta N Line- Rs 71,762<h2>Last week, Tata also released a list of cars with discounts</h2>Tiago - Rs 75000 Tigor- Rs 80000 Altroz- Rs 1,10,000 Punch- Rs 85000 Nexon- Rs 1,55,000 Curvv- Rs 65,000 Harrier- Rs 1,40,000 Safari- Rs 1,45,000.<h2>Here are some of the discounts offered by Mahindra.</h2>XUV3XO (Petrol) - Rs 1.40 lakh THAR 2WD (Diesel) - Rs 1.35 lakh Bolero/Neo - Rs 1.27 lakh Scorpio Classic - Rs 1.01 lakh Scorpio-N - Rs 1.45 lakh Thar Roxx- Rs 1.33 lakh XUV 700 - 1.43 lakh<h2>Why are car companies slashing prices?</h2>Last week, Finance Minister Nirmala Sitharaman announced the GST Council's decision that the 12 per cent and 28 per cent slabs will be discontinued. Most of the goods and services in these categories will be moved to the 5 per cent and 18 per cent slabs.&nbsp;The GST on sub-4 metre and below 1200 cc cars, dubbed small cars, was also slashed from 28 per cent to 18 per cent. Utility vehicles, whose engines are above 1500 cc, were moved to the newly created 40 per cent slab, where all sin goods will be placed.&nbsp;Earlier, the total tax on utility vehicles was 48 per cent.&nbsp;All the car companies will pass on the benefits of the GST reduction to their customers. Hence, they have announced the slashing of car prices.&nbsp;The new tax rates will take effect on September 22.

Hyundai India announced on Sunday a price reduction of up to Rs 2.4 lakh for its cars. The move came days after Tata, Mahindra and Mahindra and Renault India also slashed prices of their products.

Hyundai India announced on Sunday a price reduction of up to Rs 2.4 lakh for its cars. The move came days after Tata, Mahindra and Mahindra and Renault India also slashed prices of their products. Hyundai Verna's car prices will drop by Rs 60,640, Tuscon's prices will be slashed by Rs 2,40,303. The prices of the Hyundai Grand i10 Nios, Exter, Hyundai i20, Creta, and Alcazar will also be dropped. The new prices of these cars will take effect on September 22. Here's how much discount Hyundai cars will be on from September 22. Hyundai Tucson- Rs 2,40,303 i20- Rs 98,053 i20 N Line- Rs 1,08,116 Venue- Rs 1,23,659 Venue N Line- Rs 1,19,390 Grand i 10 Nios- Rs 73,808 Aura- Rs 78,465 Exter- Rs 89,209 Verna- Rs 60,640 Creta- Rs 72,145 Creta N Line- Rs 71,762 Last week, Tata also released a list of cars with discounts Tiago - Rs 75000 Tigor- Rs 80000 Altroz- Rs 1,10,000 Punch- Rs 85000 Nexon- Rs 1,55,000 Curvv- Rs 65,000 Harrier- Rs 1,40,000 Safari- Rs 1,45,000. Here are some of the discounts offered by Mahindra. XUV3XO (Petrol) - Rs 1.40 lakh THAR 2WD (Diesel) - Rs 1.35 lakh Bolero/Neo - Rs 1.27 lakh Scorpio Classic - Rs 1.01 lakh Scorpio-N - Rs 1.45 lakh Thar Roxx- Rs 1.33 lakh XUV 700 - 1.43 lakh Why are car companies slashing prices? Last week, Finance Minister Nirmala Sitharaman announced the GST Council's decision that the 12 per cent and 28 per cent slabs will be discontinued. Most of the goods and services in these categories will be moved to the 5 per cent and 18 per cent slabs. The GST on sub-4 metre and below 1200 cc cars, dubbed small cars, was also slashed from 28 per cent to 18 per cent. Utility vehicles, whose engines are above 1500 cc, were moved to the newly created 40 per cent slab, where all sin goods will be placed. Earlier, the total tax on utility vehicles was 48 per cent. All the car companies will pass on the benefits of the GST reduction to their customers. Hence, they have announced the slashing of car prices. The new tax rates will take effect on September 22.

Several car companies have announced heavy discounts on their cars, including Hyundai, Mahindra and Mahindra and Tata Motors. These discounts will take effect from September 22. Here's why the car companies are announcing discounts.

Hyundai, Mahindra, Tata: Why are car companies slashing prices? Check discount lists

New Delhi: Global financial services firm Bernstein also echoed similar sentiments to those of several other experts that the sweeping GST rate cuts will boost India's consumption.&nbsp;The key surprise element, according to the Bernstein report, was the GST on personal care and home care items (soaps, shampoo, hair oil, powder, toothpaste) from 12%/18% to 5%.&nbsp;"This should provide pricing support in the immediate term to FMCG firms, allowing them to keep more of the gross price that consumers are charged. In the medium term, it can drive demand via higher grammage in the products or via indirect higher wallet share with consumers," the Bernstein report read.&nbsp;It expects grocery retailers like DMart, Vishal Mega Mart, and Star (Part of Trent), along with quick commerce firms, to benefit more.&nbsp;In the apparel and footwear segment, the GST for apparel products below Rs 1000 was 5% and above Rs 1000 was 12% while for footwear below Rs 1000 was 12% and above Rs 1000 was 18%.&nbsp;Now, the GST for apparel and footwear products from Rs 1000 to Rs 2500 is also at 5% while apparel products priced above Rs 2500 have their GST increased to 18% from the existing 12% (footwear above Rs 2500 was already at 18%).&nbsp;“We think this is marginally positive for Trent as 30% of their revenues are above the Rs 1,000 average selling price (ASP). ABLBL (Aditya Birla Lifestyle Brands Ltd) and ABFRL (Aditya Birla Fashion and Retail) would also benefit as a larger share of their products are above Rs 1000.”&nbsp;The impact on value apparel retailers like Vishal Mega Mart, Vmart, V2 Retail, and Style Baazar would be broadly neutral, as a majority of their items are priced below Rs 1000.&nbsp;Footwear GST rationalisation, according to Bernstein, would impact retailers like Liberty, Campus, and Metro.&nbsp;The key benefit for quick-service restaurant firms would be the reduction of GST on cheese, packaging materials, condiments (such as sauces), butter/ ghee/ margarine, among others.&nbsp;"QSRs do not get input tax credit - hence all GST on their inputs are expenses. Any GST reduction impacts their gross margins immediately. In the medium term, they may choose to transfer some benefit to drive volumes as well. Within organised players, we expect Jubilant to benefit the most to the tune of 70-80bps improvement in gross margins," it explained.&nbsp;For the other QSR players, we expect the impact to be in the 20-40 basis points range.&nbsp;The sweeping changes have been made under the next-generation GST (Goods and Services Tax) rationalisation on September 3, just days after Prime Minister Narendra Modi announced it from the ramparts of the Red Fort on Independence Day.&nbsp;This is aimed at reducing the tax burden on citizens while stimulating economic growth.&nbsp;The GST Council, on Wednesday, after a threadbare discussion, approved significant rate cuts across multiple sectors, which the government has described as a Diwali gift for the nation.&nbsp;The GST rate rationalisation will come into effect on September 22.

Global financial services firm Bernstein also echoed similar sentiments to those of several other experts that the sweeping GST rate cuts will boost India's consumption.

New Delhi: Global financial services firm Bernstein also echoed similar sentiments to those of several other experts that the sweeping GST rate cuts will boost India's consumption. The key surprise element, according to the Bernstein report, was the GST on personal care and home care items (soaps, shampoo, hair oil, powder, toothpaste) from 12%/18% to 5%. "This should provide pricing support in the immediate term to FMCG firms, allowing them to keep more of the gross price that consumers are charged. In the medium term, it can drive demand via higher grammage in the products or via indirect higher wallet share with consumers," the Bernstein report read. It expects grocery retailers like DMart, Vishal Mega Mart, and Star (Part of Trent), along with quick commerce firms, to benefit more. In the apparel and footwear segment, the GST for apparel products below Rs 1000 was 5% and above Rs 1000 was 12% while for footwear below Rs 1000 was 12% and above Rs 1000 was 18%. Now, the GST for apparel and footwear products from Rs 1000 to Rs 2500 is also at 5% while apparel products priced above Rs 2500 have their GST increased to 18% from the existing 12% (footwear above Rs 2500 was already at 18%). “We think this is marginally positive for Trent as 30% of their revenues are above the Rs 1,000 average selling price (ASP). ABLBL (Aditya Birla Lifestyle Brands Ltd) and ABFRL (Aditya Birla Fashion and Retail) would also benefit as a larger share of their products are above Rs 1000.” The impact on value apparel retailers like Vishal Mega Mart, Vmart, V2 Retail, and Style Baazar would be broadly neutral, as a majority of their items are priced below Rs 1000. Footwear GST rationalisation, according to Bernstein, would impact retailers like Liberty, Campus, and Metro. The key benefit for quick-service restaurant firms would be the reduction of GST on cheese, packaging materials, condiments (such as sauces), butter/ ghee/ margarine, among others. "QSRs do not get input tax credit - hence all GST on their inputs are expenses. Any GST reduction impacts their gross margins immediately. In the medium term, they may choose to transfer some benefit to drive volumes as well. Within organised players, we expect Jubilant to benefit the most to the tune of 70-80bps improvement in gross margins," it explained. For the other QSR players, we expect the impact to be in the 20-40 basis points range. The sweeping changes have been made under the next-generation GST (Goods and Services Tax) rationalisation on September 3, just days after Prime Minister Narendra Modi announced it from the ramparts of the Red Fort on Independence Day. This is aimed at reducing the tax burden on citizens while stimulating economic growth. The GST Council, on Wednesday, after a threadbare discussion, approved significant rate cuts across multiple sectors, which the government has described as a Diwali gift for the nation. The GST rate rationalisation will come into effect on September 22.

The key surprise element, according to the Bernstein report, was the GST on personal care and home care items.

GST reforms most positive for footwear, quick restros, FMCG, grocery retailers: Report

In the wake of the centre's announcement on GST rationalisation, the consumer goods companies are seeking an extension of the September 22 commencement date for their revamped structure, citing logistical problems as to the management of existing stocks.&nbsp;They have also sought clarification from the government on whether they can pass on the GST benefits to customers by increasing the size of their products.&nbsp;Companies&nbsp;have urged the ministries of finance and consumer affairs to provide&nbsp;at least a window of 30 days before the implementation of the GST reform. They argued that they need time to clear their inventories and packaging materials.&nbsp;The companies said that the packaging material with old details had been printed. They also have inventories of already packaged items.&nbsp;"The challenge will be to manage existing stocks and packaging materials already printed, which are in the pipeline," Mayank Shah, vice president at India's biggest food company, Parle Products, told Economic Times.&nbsp;He said the firms have sought clarity on how price cuts can&nbsp;be passed to the customers.&nbsp;Distributors have also sought clarity as to how FCCG companies are planning to handle inventory before the new GST slabs take effect.&nbsp;The firms said that products are already in warehouses and on shelves with prices rated under the current GST structure.&nbsp;They said that if the GST is rolled out as planned, it could create dual inventory problems for them. They said most companies had increased their inventories due to the upcoming festive season.&nbsp;A senior executive at a large multinational home and personal care firm told the newspaper&nbsp;that they should be allowed to retain the prices of popular packs with increased weight or use the same packaging materials. They said they could pass on the benefits through discounts.&nbsp;The central government on Wednesday discontinued the 12 per cent and 28 per cent&nbsp;slabs. It placed the items in these two slabs to 5 per cent and 18 per cent slabs, and created an additional slab of 40 per cent for sin goods.

In the wake of the centre's announcement on GST rationalisation, the consumer goods companies are seeking an extension of the September 22 commencement date for their revamped structure, citing logistical problems as to the management of existing stock.

In the wake of the centre's announcement on GST rationalisation, the consumer goods companies are seeking an extension of the September 22 commencement date for their revamped structure, citing logistical problems as to the management of existing stocks. They have also sought clarification from the government on whether they can pass on the GST benefits to customers by increasing the size of their products. Companies have urged the ministries of finance and consumer affairs to provide at least a window of 30 days before the implementation of the GST reform. They argued that they need time to clear their inventories and packaging materials. The companies said that the packaging material with old details had been printed. They also have inventories of already packaged items. "The challenge will be to manage existing stocks and packaging materials already printed, which are in the pipeline," Mayank Shah, vice president at India's biggest food company, Parle Products, told Economic Times. He said the firms have sought clarity on how price cuts can be passed to the customers. Distributors have also sought clarity as to how FCCG companies are planning to handle inventory before the new GST slabs take effect. The firms said that products are already in warehouses and on shelves with prices rated under the current GST structure. They said that if the GST is rolled out as planned, it could create dual inventory problems for them. They said most companies had increased their inventories due to the upcoming festive season. A senior executive at a large multinational home and personal care firm told the newspaper that they should be allowed to retain the prices of popular packs with increased weight or use the same packaging materials. They said they could pass on the benefits through discounts. The central government on Wednesday discontinued the 12 per cent and 28 per cent slabs. It placed the items in these two slabs to 5 per cent and 18 per cent slabs, and created an additional slab of 40 per cent for sin goods.

Goods and Services Tax reforms 2025: Companies&nbsp;have urged the ministries of finance and consumer affairs to provide&nbsp;at least a window of 30 days for the implementation of the GST reform.&nbsp;

Centre's mega GST move triggers 'unsold inventory' conundrum for FMCG firms

Finance Minister Nirmala Sitharaman on Saturday (September 6) accused Opposition parties of spreading misinformation about the Goods and Services Tax (GST), insisting that the structure was not designed by the BJP alone but was the outcome of decisions taken collectively by the Empowered Committee of state finance ministers.&nbsp;She explained that the GST Council has approved a new structure that replaces the earlier four-slab system of 5%, 12%, 18% and 28% with a simplified arrangement. Going forward, most essential items will attract a 5% tax, while the majority of other goods and services will be taxed at 18%. In addition, a 40% slab has been introduced for luxury and so-called sin goods, which will take effect on September 22.&nbsp;Also Read: <a href="https://www.wionews.com/india-news/who-is-ashwini-kumar-51-year-old-astrologer-accused-of-sending-mumbai-bomb-threats-1757156788006">Who is Ashwini Kumar, 51-year-old astrologer arrested for sending Mumbai bomb threats?</a>&nbsp;Calling the change a “reform for the people,” Sitharaman argued that rationalising tax rates will encourage consumption and ease the financial burden on households. She emphasised that the reform will touch every citizen. “GST impacts everyone, even the poorest, since it applies to small everyday purchases,” she was quoted as saying in an interview with news agency PTI.&nbsp;Also Read: <a href="https://www.wionews.com/india-news/watch-student-slapped-abused-by-classmates-inside-amity-university-campus-fir-logged-against-5-1757156954322">WATCH: Student slapped, abused by classmates inside Amity University campus, FIR logged against 5</a>&nbsp;Sitharaman further stressed that the initiative is not merely about revising rates but also about making the system easier to navigate for businesses. She added that the government had taken extra care to examine taxes on items used in daily life, and in most cases, rates have been significantly reduced.&nbsp;On Friday (September 5), Nirmala Sitharaman announced that the government is preparing relief measures for Indian exporters hit hard by steep US tariffs. The statement comes after Washington, under President Donald Trump, imposed higher duties on Indian goods last month, partly in response to New Delhi’s continued imports of Russian crude oil. The revised tariffs, which affect categories such as garments, jewellery, footwear, and chemicals, have been raised to as high as 50%.

'Opposition misleading on GST,' says Sitharaman as government unveils new tax slabs

Finance Minister Nirmala Sitharaman on Saturday (September 6) accused Opposition parties of spreading misinformation about the Goods and Services Tax (GST), insisting that the structure was not designed by the BJP alone but was the outcome of decisions taken collectively by the Empowered Committee of state finance ministers. She explained that the GST Council has approved a new structure that replaces the earlier four-slab system of 5%, 12%, 18% and 28% with a simplified arrangement. Going forward, most essential items will attract a 5% tax, while the majority of other goods and services will be taxed at 18%. In addition, a 40% slab has been introduced for luxury and so-called sin goods, which will take effect on September 22. Also Read: Who is Ashwini Kumar, 51-year-old astrologer arrested for sending Mumbai bomb threats? Calling the change a “reform for the people,” Sitharaman argued that rationalising tax rates will encourage consumption and ease the financial burden on households. She emphasised that the reform will touch every citizen. “GST impacts everyone, even the poorest, since it applies to small everyday purchases,” she was quoted as saying in an interview with news agency PTI. Also Read: WATCH: Student slapped, abused by classmates inside Amity University campus, FIR logged against 5 Sitharaman further stressed that the initiative is not merely about revising rates but also about making the system easier to navigate for businesses. She added that the government had taken extra care to examine taxes on items used in daily life, and in most cases, rates have been significantly reduced. On Friday (September 5), Nirmala Sitharaman announced that the government is preparing relief measures for Indian exporters hit hard by steep US tariffs. The statement comes after Washington, under President Donald Trump, imposed higher duties on Indian goods last month, partly in response to New Delhi’s continued imports of Russian crude oil. The revised tariffs, which affect categories such as garments, jewellery, footwear, and chemicals, have been raised to as high as 50%.

Finance Minister Sitharaman defends GST revamp, says new 5%, 18% and 40% slabs will ease burden on families; accuses Opposition of spreading misinformation

Indian automaker Mahindra and Mahindra has offered discounts on its internal combustion engine (ICE) cars, days after the central government lowered the Goods and Services Tax (GST) on cars. The group's chairman, Anand Mahindra, said in a post on X that the company will give discounts of nearly two weeks before the GST reform takes effect on September 22.&nbsp;In the post, Mahindra added, "Action. Not just promises. Thank you, Team @Mahindra_Auto," with an attached image that mentions, “Everyone said 22nd Sept, we said NOW. AVAIL GST BENEFITS STARTING 6th SEPT. GET UPTO RS 1.56 LAKH."&nbsp;XUV3XO (Diesel) is being offered at a discount of Rs&nbsp;1.56 lakh, as the GST rate drops from 28 per cent to 18 per cent.<h2>Here are some of the discounts offered by Mahindra.</h2>&nbsp;1. XUV3XO (Petrol) - Rs 1.40 lakh&nbsp;2.&nbsp;THAR 2WD (Diesel) - Rs 1.35 lakh&nbsp;3.&nbsp;Bolero/Neo - Rs 1.27 lakh&nbsp;4.&nbsp;Scorpio Classic - Rs 1.01 lakh5.&nbsp;Scorpio-N - Rs 1.45 lakh6. Thar Roxx- Rs 1.33 lakh&nbsp;7. XUV 700 - 1.43 lakh&nbsp;The central government eliminated the 12 per cent and 18 per cent GST slabs and moved the items in these categories under the 5 per cent and 28 per cent slabs. The government also introduced a new slab at 40 per cent for sin goods.&nbsp;Small cars, described as those with less than 4000 mm wheel base&nbsp;and engine capacity under 1200 cc, will attract a GST of 18 per cent, lower than the previous 28 per cent. Utility vehicles, which used to attract 48 per cent tax, will now attract 40 per cent GST.&nbsp;On electric vehicles, the government continued to levy just 5 per cent tax to aid the adoption of EVs. Mahindra has praised the move.&nbsp;Three-wheeled vehicles, motorcycles with an engine capacity of up to 350 cc, and motor vehicles used for goods transport will also see their GST rates reduced from 28 per cent to 18 per cent.

Indian automaker Mahindra and Mahindra has offered discounts on its internal combustion engine (ICE) cars, days after the central government lowered the Goods and Services Tax (GST) on cars

Indian automaker Mahindra and Mahindra has offered discounts on its internal combustion engine (ICE) cars, days after the central government lowered the Goods and Services Tax (GST) on cars. The group's chairman, Anand Mahindra, said in a post on X that the company will give discounts of nearly two weeks before the GST reform takes effect on September 22. In the post, Mahindra added, "Action. Not just promises. Thank you, Team @Mahindra_Auto," with an attached image that mentions, “Everyone said 22nd Sept, we said NOW. AVAIL GST BENEFITS STARTING 6th SEPT. GET UPTO RS 1.56 LAKH." XUV3XO (Diesel) is being offered at a discount of Rs 1.56 lakh, as the GST rate drops from 28 per cent to 18 per cent. Here are some of the discounts offered by Mahindra. 1. XUV3XO (Petrol) - Rs 1.40 lakh 2. THAR 2WD (Diesel) - Rs 1.35 lakh 3. Bolero/Neo - Rs 1.27 lakh 4. Scorpio Classic - Rs 1.01 lakh 5. Scorpio-N - Rs 1.45 lakh 6. Thar Roxx- Rs 1.33 lakh 7. XUV 700 - 1.43 lakh The central government eliminated the 12 per cent and 18 per cent GST slabs and moved the items in these categories under the 5 per cent and 28 per cent slabs. The government also introduced a new slab at 40 per cent for sin goods. Small cars, described as those with less than 4000 mm wheel base and engine capacity under 1200 cc, will attract a GST of 18 per cent, lower than the previous 28 per cent. Utility vehicles, which used to attract 48 per cent tax, will now attract 40 per cent GST. On electric vehicles, the government continued to levy just 5 per cent tax to aid the adoption of EVs. Mahindra has praised the move. Three-wheeled vehicles, motorcycles with an engine capacity of up to 350 cc, and motor vehicles used for goods transport will also see their GST rates reduced from 28 per cent to 18 per cent.

New GST Rates 2025: Mahindra and Mahindra's XUV3XO (Diesel) is being offered at a discount of Rs&nbsp;1.56 lakh, as the GST rate drops from 28 per cent to 18 per cent.

New GST Rates 2025: Mahindra slashes rates of SUVs | Check discount list

AI giant Anthropic will pay $1.5 billion to settle a US lawsuit for using pirated books to train its artificial intelligence&nbsp;models. It is the first such ruling in the AI era, which can set the tone for how businesses can offset expected losses incurred because of changing user behavior due to artificial intelligence.&nbsp;Authors Andrea Bartz, Charles Graeber, and Kirk Wallace Johnson had filed a class-action lawsuit accusing Anthropic of illegally copying their books to train the firm's AI chatbot, Claude. The AI chatbot is the rival of ChatGPT.&nbsp;In June, US District Court Judge William Alsup ruled that the company's training of its Claude AI models with books -- whether bought or pirated -- transformed the works and could be deemed fair use under the law.&nbsp;Alsup compared AI training to how humans learn by reading books, saying the technology was among the most transformative.&nbsp;However, the judge rejected a blanket protection request urged by Anthropic. He said that the company's practice of downloading millions of pirated books to build a permanent digital library wasn't fair use.&nbsp;Anthropic, which is based in San Francisco, has raised $13 billion in funding, which scaled up the firm's valuation to $183 billion.&nbsp;It competes with Google, OpenAI, Meta, and Microsoft in the AI race.&nbsp;The settlement covered 500000 books at the rate of $3,000 per work. The agreement says that Anthropic will destroy the original pirated files and any copies made.<h2>What the author's guild said</h2>"This settlement sends a strong message to the AI industry that there are serious consequences when they pirate authors' works to train their AI, robbing those least able to afford it," said Mary Rasenberger, CEO of the Authors Guild, in a statement.

AI giant Anthropic will pay $1.5 billion to settle a US lawsuit for using pirated books to train its artificial intelligence models. 

AI giant Anthropic will pay $1.5 billion to settle a US lawsuit for using pirated books to train its artificial intelligence models. It is the first such ruling in the AI era, which can set the tone for how businesses can offset expected losses incurred because of changing user behavior due to artificial intelligence. Authors Andrea Bartz, Charles Graeber, and Kirk Wallace Johnson had filed a class-action lawsuit accusing Anthropic of illegally copying their books to train the firm's AI chatbot, Claude. The AI chatbot is the rival of ChatGPT. In June, US District Court Judge William Alsup ruled that the company's training of its Claude AI models with books -- whether bought or pirated -- transformed the works and could be deemed fair use under the law. Alsup compared AI training to how humans learn by reading books, saying the technology was among the most transformative. However, the judge rejected a blanket protection request urged by Anthropic. He said that the company's practice of downloading millions of pirated books to build a permanent digital library wasn't fair use. Anthropic, which is based in San Francisco, has raised $13 billion in funding, which scaled up the firm's valuation to $183 billion. It competes with Google, OpenAI, Meta, and Microsoft in the AI race. The settlement covered 500000 books at the rate of $3,000 per work. The agreement says that Anthropic will destroy the original pirated files and any copies made. What the author's guild said "This settlement sends a strong message to the AI industry that there are serious consequences when they pirate authors' works to train their AI, robbing those least able to afford it," said Mary Rasenberger, CEO of the Authors Guild, in a statement.

Anthropic lawsuit: The San Francisco-based company's settlement will cover 500,000 books, which translates to $3000 per book. Mary Rasenberger, CEO of the Authors Guild, called it a major win.&nbsp;

Anthropic to pay $1.5 billion to settle lawsuit for using pirated books

US President Donald Trump has reportedly signed an executive order offering tariff exemptions to trading partners who strike trade deals on exports like nickel, gold, and other metals. These offers are extended for 45 categories to "aligned partners" who finalised a framework&nbsp;agreement with the US to cut Trump's "reciprocal" tariffs and duties imposed since he became the president for the second time in a row.<h2>All you need to know about Donald Trump's tariff exemption</h2>The exemptions for countries with US trade deals are set to begin at 12:01 a.m. EDT/0401 GMT on Monday, the order said. Donald Trump said in the tariff order that he is willing to reduce tariffs based on "scope and economic value of a trading partner’s commitments to the United States in its agreement on reciprocal trade".&nbsp;The tariff cuts are offered on items that can't be grown, mined, or produced in the United States. Items that are not abundant in the US are also covered under the order.&nbsp;Items like agricultural products, aircraft, and parts, and non-patented articles for pharmaceutical use are also covered in the order, according to Reuters.&nbsp;Countries that have signed reciprocal trade deals with the United States will benefit under the order, as the US Trade Representative, the Commerce Department, and the customs can now waive tariffs on covered imports without a new executive order.&nbsp;Graphite and nickel, key ingredients in stainless steel manufacturing and electric vehicle batteries, are covered by the order.&nbsp;Donald Trump has been levying tariffs on countries not strategically aligned&nbsp;with the US. He has also used tariffs to bridge trade deficits with other nations.&nbsp;The Donald Trump administration recently imposed 50 percent tariffs on India for continually buying Russian oil and weapons.

US President Donald Trump has reportedly signed an executive order offering tariff exemptions to trading partners who strike trade deals on exports like nickel, gold, and other metals.

US President Donald Trump has reportedly signed an executive order offering tariff exemptions to trading partners who strike trade deals on exports like nickel, gold, and other metals. These offers are extended for 45 categories to "aligned partners" who finalised a framework agreement with the US to cut Trump's "reciprocal" tariffs and duties imposed since he became the president for the second time in a row. All you need to know about Donald Trump's tariff exemption The exemptions for countries with US trade deals are set to begin at 12:01 a.m. EDT/0401 GMT on Monday, the order said. Donald Trump said in the tariff order that he is willing to reduce tariffs based on "scope and economic value of a trading partner’s commitments to the United States in its agreement on reciprocal trade". The tariff cuts are offered on items that can't be grown, mined, or produced in the United States. Items that are not abundant in the US are also covered under the order. Items like agricultural products, aircraft, and parts, and non-patented articles for pharmaceutical use are also covered in the order, according to Reuters. Countries that have signed reciprocal trade deals with the United States will benefit under the order, as the US Trade Representative, the Commerce Department, and the customs can now waive tariffs on covered imports without a new executive order. Graphite and nickel, key ingredients in stainless steel manufacturing and electric vehicle batteries, are covered by the order. Donald Trump has been levying tariffs on countries not strategically aligned with the US. He has also used tariffs to bridge trade deficits with other nations. The Donald Trump administration recently imposed 50 percent tariffs on India for continually buying Russian oil and weapons.

Donald Trump has been levying tariffs on countries not strategically aligned&nbsp;with the US.

Donald Trump offers tariff exemptions to nations with US trade deals | Details

The central government will take steps to ensure that the benefits of the Goods and Services Tax (GST) are passed on to consumers. The Union Consumer Affairs Ministry will reportedly closely monitor social media complaints, representations made by consumer groups, and complaints received in the national consumer helpline (NCH) to check if companies have indeed transferred&nbsp;GST savings to customers.&nbsp;The central government on Wednesday eliminated the 12 per cent and 28 per cent GST slabs, placing items in these categories&nbsp;in 5 per cent and 18 per cent slabs. The move will take effect from September 22.<h2>GST reforms: What steps will the Centre likely take?</h2>Sanjay Kumar Agarwal, chairman of the Central Board of Indirect Taxes and Customs (CBIC), told Mint that tax authorities will closely monitor the price behaviour of businesses after September 22.&nbsp;An official told the newspaper that the government wants to ensure "affordability for consumers and prevent denial of rightful benefits".&nbsp;Another person said that denying the benefits of GST cuts to consumers will be treated as an unfair trade practice. Notices will be issued, the person said, adding that penalties will be levied if the responses to these notices are found to be unjustified.&nbsp;The ministry can take suo motu cognizance of the denial of the GST benefits to the customers.&nbsp;The officer further said that not passing on the benefit of GST reduction to customers could be deemed an unfair trade practice under Section 2(47) of the Consumer Protection Act, 2019.&nbsp;The official said in such cases, consumer courts can impose penalties amounting to Rs 50 lakh.&nbsp;However, the officials said that the ministry will limit its role to ensuring that consumers receive the benefits of the revised GST rates.&nbsp;The Goods and Services Tax Appellate Tribunal (GSTAT) will be made operational for accepting appeals before the end of September, and is expected to begin hearings by December 2025, the paper reported.&nbsp;Most of the items in the now-eliminated slabs, including FMCG products and passenger vehicles, will become cheaper from September 22.&nbsp;The central government has rationalised the GST regime to ensure the masses have more disposable money for boosting domestic consumption.

The central government will take steps to ensure that the benefits of the Goods and Services Tax (GST) are passed on to consumers.

The central government will take steps to ensure that the benefits of the Goods and Services Tax (GST) are passed on to consumers. The Union Consumer Affairs Ministry will reportedly closely monitor social media complaints, representations made by consumer groups, and complaints received in the national consumer helpline (NCH) to check if companies have indeed transferred GST savings to customers. The central government on Wednesday eliminated the 12 per cent and 28 per cent GST slabs, placing items in these categories in 5 per cent and 18 per cent slabs. The move will take effect from September 22. GST reforms: What steps will the Centre likely take? Sanjay Kumar Agarwal, chairman of the Central Board of Indirect Taxes and Customs (CBIC), told Mint that tax authorities will closely monitor the price behaviour of businesses after September 22. An official told the newspaper that the government wants to ensure "affordability for consumers and prevent denial of rightful benefits". Another person said that denying the benefits of GST cuts to consumers will be treated as an unfair trade practice. Notices will be issued, the person said, adding that penalties will be levied if the responses to these notices are found to be unjustified. The ministry can take suo motu cognizance of the denial of the GST benefits to the customers. The officer further said that not passing on the benefit of GST reduction to customers could be deemed an unfair trade practice under Section 2(47) of the Consumer Protection Act, 2019. The official said in such cases, consumer courts can impose penalties amounting to Rs 50 lakh. However, the officials said that the ministry will limit its role to ensuring that consumers receive the benefits of the revised GST rates. The Goods and Services Tax Appellate Tribunal (GSTAT) will be made operational for accepting appeals before the end of September, and is expected to begin hearings by December 2025, the paper reported. Most of the items in the now-eliminated slabs, including FMCG products and passenger vehicles, will become cheaper from September 22. The central government has rationalised the GST regime to ensure the masses have more disposable money for boosting domestic consumption.

Goods and Services Tax (GST) reforms: The centre can take suo motu note of denial of GST benefits to consumers and can issue notices, said a report.

GST reforms: How will the Centre ensure tax benefits are passed on to consumers

&nbsp;Car companies have announced price cuts on their vehicles after the central government reduced the Goods and Services Tax (GST) on small cars from 28 per cent to 18 per cent. Tata Motors, Mahindra and Mahindra, and Maruti Suzuki, India's top car sellers, have announced that they will pass on the benefits of the GST cut to buyers.&nbsp;Tata Motors announced that it will drop the prices of its products up to Rs 1.55 lakh. A day before, Maruti Suzuki India Chairman RC Bhargava said that cars could become cheaper by 8.5-9 per cent.&nbsp;Shailesh Chandra, managing director of Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility, said that his company will pass on the entire benefit of the GST reduction to customers.&nbsp;The price of the Maruti Suzuki Alto might drop by Rs 40,000 to Rs 50,000. Wagon R's prices may drop between Rs 60,000 and Rs 67,000.<h2> Here's a list of price reductions on Tata cars</h2><ol><li>Tiago - Rs 75000</li><li>Tigor- Rs 80000</li><li>Altroz- Rs 1,10,000</li><li>Punch- Rs 85000</li><li>Nexon- Rs 1,55,000</li><li>Curvv- Rs 65,000</li><li>Harrier- Rs 1,40,000</li><li>Safari- Rs 1,45,000. On Wednesday</li><li>Finance Minister Nirmala Sitharaman announced the Goods and Services Tax (GST) Council's decision to eliminate the 12 per cent and 28 per cent GST slabs and place most of the items of these categories into 5 per cent and 18 per cent slabs. It has also decided to form a new slab - 40 per cent - for sin goods. The new rates will be implemented from September 22, the first day of Navratri. Most of the goods and services in the eliminated slabs will get cheaper, including cars. &nbsp; &nbsp;</li><li>All small cars have been placed in the 18 per cent tax bracket. Motor vehicles in the category of Utility Vehicles, with an engine capacity exceeding 1500 cc, length exceeding 4000 mm, and ground clearance of 170 mm and above, will also attract a GST rate of 40% without any cess.</li></ol>

Tata announces price cuts in rates of its cars after GST rates were slashed by the central government. The company has announced that it will drop the prices of its products up to Rs 1.55 lakh.

Car companies have announced price cuts on their vehicles after the central government reduced the Goods and Services Tax (GST) on small cars from 28 per cent to 18 per cent. Tata Motors, Mahindra and Mahindra, and Maruti Suzuki, India's top car sellers, have announced that they will pass on the benefits of the GST cut to buyers. Tata Motors announced that it will drop the prices of its products up to Rs 1.55 lakh. A day before, Maruti Suzuki India Chairman RC Bhargava said that cars could become cheaper by 8.5-9 per cent. Shailesh Chandra, managing director of Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility, said that his company will pass on the entire benefit of the GST reduction to customers. The price of the Maruti Suzuki Alto might drop by Rs 40,000 to Rs 50,000. Wagon R's prices may drop between Rs 60,000 and Rs 67,000. Here's a list of price reductions on Tata cars Tiago - Rs 75000 Tigor- Rs 80000 Altroz- Rs 1,10,000 Punch- Rs 85000 Nexon- Rs 1,55,000 Curvv- Rs 65,000 Harrier- Rs 1,40,000 Safari- Rs 1,45,000. On Wednesday Finance Minister Nirmala Sitharaman announced the Goods and Services Tax (GST) Council's decision to eliminate the 12 per cent and 28 per cent GST slabs and place most of the items of these categories into 5 per cent and 18 per cent slabs. It has also decided to form a new slab - 40 per cent - for sin goods. The new rates will be implemented from September 22, the first day of Navratri. Most of the goods and services in the eliminated slabs will get cheaper, including cars. All small cars have been placed in the 18 per cent tax bracket. Motor vehicles in the category of Utility Vehicles, with an engine capacity exceeding 1500 cc, length exceeding 4000 mm, and ground clearance of 170 mm and above, will also attract a GST rate of 40% without any cess.

Tata announces price cuts in rates of its cars after GST rates were slashed by the central government. The company has announced that it will drop the prices of its products up to Rs 1.55 lakh.

GST rates slashed: Tata cars become cheaper; list of reductions in Tiago, Nexon, Safari prices

Finance Minister Nirmala Sitharaman on Friday (September 5) said the government is working on a set of support measures for Indian exporters struggling under the weight of steep US tariffs. The announcement follows Washington’s decision last month, under President Donald Trump, to impose additional duties on Indian products. The move, tied partly to New Delhi’s continued imports of Russian crude oil, raised levies on several categories—including garments, jewellery, footwear, and chemicals—to as much as 50%.&nbsp;Also Read: <a href="https://www.wionews.com/world/fewer-jobs-more-job-seekers-us-labor-market-under-pressure-in-latest-data-1757079675332">Fewer jobs, more job seekers: US labor market under pressure in latest data</a>&nbsp;Sitharaman said the government would not let exporters “be left stranded” and hinted at targeted assistance for industries most affected. “We will be bringing forward a mechanism to support those who are facing 50% tariffs,” she was quoted as saying to CNBC TV18, noting that Cabinet approval would be required before the measures are rolled out. While exporters are seeking immediate relief, the finance minister made clear that India’s energy strategy would not change under pressure. Speaking to CNN-News18, Sitharaman reaffirmed that the country will continue buying crude oil from Russia, calling it the most viable option for India’s energy security.&nbsp;“India’s foreign exchange outflow is dominated by crude and refined fuel purchases. We will continue buying from sources that suit our economy best—and that includes Russia,” Sitharaman was quoted as saying to the news outlet. India has become the largest buyer of Russian seaborne crude since Europe and the US restricted supplies following Moscow’s 2022 invasion of Ukraine. New Delhi maintains that its purchases have played a stabilising role in global energy markets.&nbsp;Trump, however, has argued that India’s reliance on Russian oil indirectly funds the Ukraine war effort. His administration responded with punitive tariffs on Indian imports, adding pressure on bilateral trade ties even as Washington seeks India’s cooperation in efforts to end the conflict.

India's FM Nirmala Sitharaman plans relief for exporters as US tariffs bite, reaffirms Russian oil purchases

Finance Minister Nirmala Sitharaman on Friday (September 5) said the government is working on a set of support measures for Indian exporters struggling under the weight of steep US tariffs. The announcement follows Washington’s decision last month, under President Donald Trump, to impose additional duties on Indian products. The move, tied partly to New Delhi’s continued imports of Russian crude oil, raised levies on several categories—including garments, jewellery, footwear, and chemicals—to as much as 50%. Also Read: Fewer jobs, more job seekers: US labor market under pressure in latest data Sitharaman said the government would not let exporters “be left stranded” and hinted at targeted assistance for industries most affected. “We will be bringing forward a mechanism to support those who are facing 50% tariffs,” she was quoted as saying to CNBC TV18, noting that Cabinet approval would be required before the measures are rolled out. While exporters are seeking immediate relief, the finance minister made clear that India’s energy strategy would not change under pressure. Speaking to CNN-News18, Sitharaman reaffirmed that the country will continue buying crude oil from Russia, calling it the most viable option for India’s energy security. “India’s foreign exchange outflow is dominated by crude and refined fuel purchases. We will continue buying from sources that suit our economy best—and that includes Russia,” Sitharaman was quoted as saying to the news outlet. India has become the largest buyer of Russian seaborne crude since Europe and the US restricted supplies following Moscow’s 2022 invasion of Ukraine. New Delhi maintains that its purchases have played a stabilising role in global energy markets. Trump, however, has argued that India’s reliance on Russian oil indirectly funds the Ukraine war effort. His administration responded with punitive tariffs on Indian imports, adding pressure on bilateral trade ties even as Washington seeks India’s cooperation in efforts to end the conflict.

India plans relief package for exporters hit by Trump’s 50% tariffs, while reaffirming Russian oil imports as vital for energy security

The US labor market showed further signs of strain in August, as job creation slowed and unemployment edged higher, adding weight to expectations that the Federal Reserve could soon lower interest rates. Economists had projected that the economy would add only around 75,000 jobs last month, while the jobless rate was seen ticking up to 4.3%. Although wages continued to grow at a steady pace—estimated at 0.3% month-on-month and 3.7% year-on-year—the gains were not enough to offset broader weakness.&nbsp;Adding to concerns, prior months’ hiring was revised sharply lower. May and June payrolls were reduced by a combined 258,000, erasing some of the resilience earlier reflected in official data. Meanwhile, the private payrolls report from ADP showed just 54,000 new positions in August, and weekly jobless claims rose to 237,000, the highest level since June.&nbsp;Also Read: <a href="https://www.wionews.com/business-economy/rupee-fall-is-a-boon-for-indian-expats-who-send-money-home-here-is-why-it-matters-for-largest-remittance-receiving-nation-indian-rupee-exchange-rate-1757063609339">Rupee fall is a boon for Indian expats who send money home. Here is why it matters for largest remittance-receiving nation</a>&nbsp;Perhaps most striking, the Labor Department noted that the number of job seekers now exceeds available positions for the first time since the onset of the pandemic. This imbalance signals a cooling market where opportunities are becoming harder to secure even as more people enter the workforce.&nbsp;&nbsp;Also Read: <a href="https://www.wionews.com/world/-innovated-portable-washrooms-maryam-nawaz-called-out-by-netizens-for-posting-old-photo-amid-pak-floods-1757076905858">'Innovated portable washrooms': Maryam Nawaz called out by netizens for posting old photo amid Pak floods</a>&nbsp;Financial markets have quickly adjusted their expectations. Traders now see a rate cut at the Fed’s September 16–18 meeting as virtually certain, with probability estimates above 95%. The central bank has been balancing the need to control inflation with maintaining employment, but weakening job data may push policymakers to act sooner. For now, the August report underscores a shift: after years of resilient employment growth, the U.S. job market appears to be moving into a slower, more fragile phase.<h2>What White House says?</h2>The White House signaled on Friday (September 5) that it expects the Federal Reserve to at least weigh the possibility of a larger interest rate cut when it meets later this month, following disappointing labor market data. Kevin Hassett, Director of the National Economic Council, told reporters that while markets largely anticipate a 25-basis-point reduction, policymakers could discuss a deeper cut. “The main expectation is for 25 basis points. I’d imagine a bigger cut will be considered, though I don’t expect it to be delivered,” he said.&nbsp;Fresh government figures showed the U.S. economy added fewer jobs than expected in August, pushing the unemployment rate to 4.3%—its highest level in nearly four years. The Labor Department also revealed that jobs were lost in June, marking the first such decline in more than four years. Economists pointed to President Donald Trump’s steep import tariffs and tighter immigration policies, which have both constrained the labor pool, as key reasons for the slowdown.&nbsp;Hiring has weakened significantly, with the number of unemployed Americans outpacing job openings in July for the first time since the COVID-19 pandemic. The President’s tariffs—raising the average U.S. duty rate to its highest since 1934—have fueled inflation concerns, prompting the Fed to pause its recent cycle of rate cuts. Trump has repeatedly urged the central bank to slash interest rates further, insisting such moves are necessary to support growth and his broader economic agenda. Critics, however, warn that such pressure risks undermining the Fed’s independence.&nbsp;Still, August’s soft labor data has increased the likelihood of at least a quarter-point cut when Fed officials convene on September 16–17. Some analysts caution that seasonal factors may have exaggerated the weakness, as initial August numbers often appear lower before later revisions. Yet the broader trend shows clear cooling: average monthly job gains have slowed to just 29,000 over the past three months, compared with 82,000 during the same period in 2024.

Fewer jobs, more job seekers: US labour market under pressure in latest data

The US labor market showed further signs of strain in August, as job creation slowed and unemployment edged higher, adding weight to expectations that the Federal Reserve could soon lower interest rates. Economists had projected that the economy would add only around 75,000 jobs last month, while the jobless rate was seen ticking up to 4.3%. Although wages continued to grow at a steady pace—estimated at 0.3% month-on-month and 3.7% year-on-year—the gains were not enough to offset broader weakness. Adding to concerns, prior months’ hiring was revised sharply lower. May and June payrolls were reduced by a combined 258,000, erasing some of the resilience earlier reflected in official data. Meanwhile, the private payrolls report from ADP showed just 54,000 new positions in August, and weekly jobless claims rose to 237,000, the highest level since June. Also Read: Rupee fall is a boon for Indian expats who send money home. Here is why it matters for largest remittance-receiving nation Perhaps most striking, the Labor Department noted that the number of job seekers now exceeds available positions for the first time since the onset of the pandemic. This imbalance signals a cooling market where opportunities are becoming harder to secure even as more people enter the workforce. Also Read: 'Innovated portable washrooms': Maryam Nawaz called out by netizens for posting old photo amid Pak floods Financial markets have quickly adjusted their expectations. Traders now see a rate cut at the Fed’s September 16–18 meeting as virtually certain, with probability estimates above 95%. The central bank has been balancing the need to control inflation with maintaining employment, but weakening job data may push policymakers to act sooner. For now, the August report underscores a shift: after years of resilient employment growth, the U.S. job market appears to be moving into a slower, more fragile phase. What White House says? The White House signaled on Friday (September 5) that it expects the Federal Reserve to at least weigh the possibility of a larger interest rate cut when it meets later this month, following disappointing labor market data. Kevin Hassett, Director of the National Economic Council, told reporters that while markets largely anticipate a 25-basis-point reduction, policymakers could discuss a deeper cut. “The main expectation is for 25 basis points. I’d imagine a bigger cut will be considered, though I don’t expect it to be delivered,” he said. Fresh government figures showed the U.S. economy added fewer jobs than expected in August, pushing the unemployment rate to 4.3%—its highest level in nearly four years. The Labor Department also revealed that jobs were lost in June, marking the first such decline in more than four years. Economists pointed to President Donald Trump’s steep import tariffs and tighter immigration policies, which have both constrained the labor pool, as key reasons for the slowdown. Hiring has weakened significantly, with the number of unemployed Americans outpacing job openings in July for the first time since the COVID-19 pandemic. The President’s tariffs—raising the average U.S. duty rate to its highest since 1934—have fueled inflation concerns, prompting the Fed to pause its recent cycle of rate cuts. Trump has repeatedly urged the central bank to slash interest rates further, insisting such moves are necessary to support growth and his broader economic agenda. Critics, however, warn that such pressure risks undermining the Fed’s independence. Still, August’s soft labor data has increased the likelihood of at least a quarter-point cut when Fed officials convene on September 16–17. Some analysts caution that seasonal factors may have exaggerated the weakness, as initial August numbers often appear lower before later revisions. Yet the broader trend shows clear cooling: average monthly job gains have slowed to just 29,000 over the past three months, compared with 82,000 during the same period in 2024.

US job growth slowed in August, unemployment edged up, and markets now see a near-certain Fed rate cut at the September policy meeting

Tesla has achieved a big milestone in India with the first delivery of its Model Y SUV from its new ‘Tesla Experience Centre’ in Mumbai’s Bandra Kurla Complex (BKC). Maharashtra Transport Minister Pratap Sarnaik became the first Indian customer to receive the car directly from the official Tesla outlet. The Shiv Sena leader had booked the Model Y soon after Tesla opened its first showroom in India in July this year. At the handover, the company showcased the SUV and explained its key technology and eco-friendly features.&nbsp;&nbsp;Speaking at the event, Sarnaik said that his purchase was not just for personal use but also to support Maharashtra’s push for a clean and green environment. He further added that he also plans to gift a Tesla to his grandson to encourage awareness of electric vehicles among the younger generation.&nbsp;&nbsp;The minister also highlighted that his state aims to expand electric vehicle adoption over the next few years. He also mentioned ongoing EV benefits, such as toll exemptions on the Atal Setu and Samruddhi Expressway. He further noted that the state transport body, Maharashtra State Road Transport Corporation (MSRTC), has already added nearly 5,000 e-buses to its fleet.&nbsp;Also Read - <a href="https://www.wionews.com/india-news/tesla-store-delhi-location-after-mumbai-tesla-opens-second-experience-centre-in-delhi-this-city-is-next-1754916198921">After Mumbai, Tesla opens second experience centre in Delhi; THIS city is next</a>&nbsp;<h2>Key features of Tesla Model Y</h2>The Tesla Model Y is available in two versions. In the first variant, the Rear-Wheel Drive (RWD) uses a 60kWh battery and offers a range of up to 500km, while in the second variant, the Long Range RWD variant extends up to 622km. Both models use a single motor, and the RWD variant goes from 0-100 km/h in 5.9 seconds, while the LR RWD does it in 5.6 seconds.&nbsp;Also Read - <a href="https://www.wionews.com/trending/can-elon-musk-become-world-s-first-trillionaire-yes-if-1757073766536">Can Elon Musk become world’s first trillionaire? Yes, if…</a>&nbsp;The price for the RWD model starts at Rs 59.89 lakh ($67,954.50) (ex-showroom, Delhi), while the LR RWD costs Rs 67.89 lakh ($77,031.73). The standard colour of these models is Stealth Grey. While other shades are also available, customers have to pay extra for them. &nbsp;&nbsp;The Pearl White and Diamond Black colours are available at an additional cost of Rs 95,000, while Glacier Blue and Quicksilver or Ultra Red are available at the cost of Rs 1.25 lakh ($1,418.39) and Rs 1.85 lakh ($2,099.22), respectively. &nbsp;

The Tesla Model Y is available in two versions. In the first version, the Rear-Wheel Drive (RWD) uses a 60kWh battery and offers a range of up to 500km, while in the second variant, the long range RWD variant extends up to to 622km. 

Tesla has achieved a big milestone in India with the first delivery of its Model Y SUV from its new ‘Tesla Experience Centre’ in Mumbai’s Bandra Kurla Complex (BKC). Maharashtra Transport Minister Pratap Sarnaik became the first Indian customer to receive the car directly from the official Tesla outlet. The Shiv Sena leader had booked the Model Y soon after Tesla opened its first showroom in India in July this year. At the handover, the company showcased the SUV and explained its key technology and eco-friendly features. Speaking at the event, Sarnaik said that his purchase was not just for personal use but also to support Maharashtra’s push for a clean and green environment. He further added that he also plans to gift a Tesla to his grandson to encourage awareness of electric vehicles among the younger generation. The minister also highlighted that his state aims to expand electric vehicle adoption over the next few years. He also mentioned ongoing EV benefits, such as toll exemptions on the Atal Setu and Samruddhi Expressway. He further noted that the state transport body, Maharashtra State Road Transport Corporation (MSRTC), has already added nearly 5,000 e-buses to its fleet. Also Read - After Mumbai, Tesla opens second experience centre in Delhi; THIS city is next Key features of Tesla Model Y The Tesla Model Y is available in two versions. In the first variant, the Rear-Wheel Drive (RWD) uses a 60kWh battery and offers a range of up to 500km, while in the second variant, the Long Range RWD variant extends up to 622km. Both models use a single motor, and the RWD variant goes from 0-100 km/h in 5.9 seconds, while the LR RWD does it in 5.6 seconds. Also Read - Can Elon Musk become world’s first trillionaire? Yes, if… The price for the RWD model starts at Rs 59.89 lakh ($67,954.50) (ex-showroom, Delhi), while the LR RWD costs Rs 67.89 lakh ($77,031.73). The standard colour of these models is Stealth Grey. While other shades are also available, customers have to pay extra for them. The Pearl White and Diamond Black colours are available at an additional cost of Rs 95,000, while Glacier Blue and Quicksilver or Ultra Red are available at the cost of Rs 1.25 lakh ($1,418.39) and Rs 1.85 lakh ($2,099.22), respectively.

The Tesla Model Y is available in two versions. In the first variant, the Rear-Wheel Drive (RWD) uses a 60kWh battery and offers a range of up to 500km, while in the second variant, the Long Range RWD variant extends up to to 622km.&nbsp;

Elon Musk's Tesla hits Indian road for first time - Who owns it?

Zomato and Swiggy, India's two largest food delivery platforms, are bracing for the financial impact of the GST Council's clarification that they will have to shell out 18 per cent GST on delivery fees. Experts estimate that the ruling has paved the way for an additional combined tax burden of around Rs 180-200 crore.&nbsp;The additional&nbsp;tax burden may be troublesome for these two platforms, which largely changed the way people order food from outside in India, as they already struggle with balancing earnings with the affordability of food for their customers.&nbsp;Both Zomato and Swiggy have registered operational profits in the previous quarter. This additional GST burden might change the structure of their business, as they will have to find a delicate balance between revenue and the volumes of orders they receive from customers. Steep delivery charges may dissuade customers from using the platforms. Earlier, these companies used to absorb delivery charges to boost volumes.<h2>Delivery partners to bear the brunt?</h2>The Economic Times reported that both companies are mulling over passing on a share of the tax burden to customers and delivery partners.&nbsp;"This will be partly passed on to delivery workers and will likely reduce their earnings in the immediate term,” a senior Zomato executive confirmed.&nbsp;However, some analysts said the impact of the tax burden would be modest because the two firms already waive delivery charges under various offers.&nbsp;The two companies have often passed on GST-related costs to consumers.&nbsp;JM Financial told Business Today that both companies lowered the minimum order value (MOV) for subscription-based orders.&nbsp;“Demand has remained broadly inelastic to platform fee increases so far, which emboldens food-tech platforms to undertake such hikes. This supports their adjusted EBITDA margins,” JM Financial added.

Zomato and Swiggy, India's two largest food delivery platforms, are bracing for the financial impact of the GST Council's clarification that they will have to shell out 18 per cent GST on delivery fees. 

Zomato and Swiggy, India's two largest food delivery platforms, are bracing for the financial impact of the GST Council's clarification that they will have to shell out 18 per cent GST on delivery fees. Experts estimate that the ruling has paved the way for an additional combined tax burden of around Rs 180-200 crore. The additional tax burden may be troublesome for these two platforms, which largely changed the way people order food from outside in India, as they already struggle with balancing earnings with the affordability of food for their customers. Both Zomato and Swiggy have registered operational profits in the previous quarter. This additional GST burden might change the structure of their business, as they will have to find a delicate balance between revenue and the volumes of orders they receive from customers. Steep delivery charges may dissuade customers from using the platforms. Earlier, these companies used to absorb delivery charges to boost volumes. Delivery partners to bear the brunt? The Economic Times reported that both companies are mulling over passing on a share of the tax burden to customers and delivery partners. "This will be partly passed on to delivery workers and will likely reduce their earnings in the immediate term,” a senior Zomato executive confirmed. However, some analysts said the impact of the tax burden would be modest because the two firms already waive delivery charges under various offers. The two companies have often passed on GST-related costs to consumers. JM Financial told Business Today that both companies lowered the minimum order value (MOV) for subscription-based orders. “Demand has remained broadly inelastic to platform fee increases so far, which emboldens food-tech platforms to undertake such hikes. This supports their adjusted EBITDA margins,” JM Financial added.

GST Reforms 2025: Zomato, Swiggy will have to find the delicate balance between generating revenue and maintaining customer volume through affordability.

Zomato, Swiggy may pass on Rs 180-200 cr GST hit to delivery partners, customers: Report

The GST Council approved on Wednesday structural reforms&nbsp;in the Goods and Services Tax (GST) regime, eliminating the 12 per cent and 28 per cent slabs. The goods and services in these two slabs have been moved to the 5 per cent and 18 per cent slabs, in an attempt to boost domestic consumption by providing more disposable money to the masses.&nbsp;The GST Council has also decided to increase the GST on premium air travel, including premium economy and business class flight tickets. These tickets are taxed at 12 per cent. However, after September 22, the tickets&nbsp;will be taxed at 18 per cent. The government hasn't changed the tax levy on domestic&nbsp;air travel, which attracts a 5 per cent GST.<h2>But what would happen if you have to travel after September 22?</h2>Chartered Accountant Deep Koradia told Economic Times that under the GST law, the time of supply in case of services in any of the two events out of three as listed below, falls before the date of change in rate, then the old rate will be applicable. These three events are: date of invoice, date of payment, and date of service provided.&nbsp;The Finance Ministry explained the scenario on September 3 through an advisory. It said that the time of supply of any good or service is the date of receipt of payment or the date of the issuance of the invoice – whichever is earlier. If the payment isn't received, the time of supply shall be the date of receipt of payment.&nbsp;So if a person has booked air tickets before September 22, 2025, and has fully paid the amount, the old GST rate of 12 per cent will apply. Even if the person's date of travelling is after the implementation of the new GST rates, she will not be required to pay the difference in tax amount.&nbsp;"Passengers who book and pay before the rate change will continue to enjoy the existing rates, ensuring fairness and avoiding last-minute surprises," Liberatha Kallat, CMD, DreamFolks, told ET.<h2>What about cancellations?</h2>In case a person's flight, which was booked and paid for before September 22, is cancelled and the service is not provided, the airline would be required to cough up 12 per cent GST return. Even if the GST rate is 18 per cent&nbsp;at the time of the cancellation, the amount refunded would be 12 per cent of the payment.

The GST Council approved on Wednesday structural reforms in the Goods and Services Tax (GST) regime, eliminating the 12 per cent and 28 per cent slabs. 

The GST Council approved on Wednesday structural reforms in the Goods and Services Tax (GST) regime, eliminating the 12 per cent and 28 per cent slabs. The goods and services in these two slabs have been moved to the 5 per cent and 18 per cent slabs, in an attempt to boost domestic consumption by providing more disposable money to the masses. The GST Council has also decided to increase the GST on premium air travel, including premium economy and business class flight tickets. These tickets are taxed at 12 per cent. However, after September 22, the tickets will be taxed at 18 per cent. The government hasn't changed the tax levy on domestic air travel, which attracts a 5 per cent GST. But what would happen if you have to travel after September 22? Chartered Accountant Deep Koradia told Economic Times that under the GST law, the time of supply in case of services in any of the two events out of three as listed below, falls before the date of change in rate, then the old rate will be applicable. These three events are: date of invoice, date of payment, and date of service provided. The Finance Ministry explained the scenario on September 3 through an advisory. It said that the time of supply of any good or service is the date of receipt of payment or the date of the issuance of the invoice – whichever is earlier. If the payment isn't received, the time of supply shall be the date of receipt of payment. So if a person has booked air tickets before September 22, 2025, and has fully paid the amount, the old GST rate of 12 per cent will apply. Even if the person's date of travelling is after the implementation of the new GST rates, she will not be required to pay the difference in tax amount. "Passengers who book and pay before the rate change will continue to enjoy the existing rates, ensuring fairness and avoiding last-minute surprises," Liberatha Kallat, CMD, DreamFolks, told ET. What about cancellations? In case a person's flight, which was booked and paid for before September 22, is cancelled and the service is not provided, the airline would be required to cough up 12 per cent GST return. Even if the GST rate is 18 per cent at the time of the cancellation, the amount refunded would be 12 per cent of the payment.

Goods and Services Tax reforms 2025: What will happen if a person books her flight before September 22, but it is scheduled after the date? Here's an explainer on what the GST rules say.

GST reforms 2025: Will you be asked to pay more for flights booked before September 22?

The Indian rupee slid to a record low of ₹88.36 per US dollar this week amid fears of new US tariffs and global economic uncertainties. The Reserve Bank of India, the nation's central bank, reportedly intervened to cap further losses. On August 29, the rupee breached the ₹88 mark, touching ₹88.29. These are among the weakest points for the rupee in recent memory, but one group will benefit: Indian expats sending money home.<h2>India is the largest recipient of global remittances</h2>In the fiscal year 2024–25, India received a record high of $135.46 billion in inward remittances. That marks a steady growth. In 2024, remittance inflows climbed to around $129 billion, according to the World Bank, up from an estimated $125 billion in 2023. The figure was about $111 billion in 2022.Also read: <a href="https://www.wionews.com/india-news/indian-tourists-can-pay-in-indian-rupees-with-local-currency-settlement-agreement-says-maldives-finance-minister-moosa-zameer-1753778762423">Indian tourists can pay in Indian Rupees with local currency settlement agreement, says Maldives Finance Minister Moosa Zameer</a><h2>Why a weaker rupee is a boon for NRIs sending money home</h2>A weaker rupee benefits Indian expatriates by enabling them to convert every dollar, or other foreign currency, into more rupees, increasing the value of their remittances. For example, at ₹88 to a dollar, $1,000 becomes ₹88,000 instead of, say, ₹82,000 — a gain of ₹6,000.This gives greater purchasing power to the recipients of these remittances. Whether for household needs, education, investment, or savings, they gain more value.So, the drop in the rupee rate, driven by US tariff concerns and foreign exchange volatility, is in a way helping this segment of Indian society.<a href="https://www.wionews.com/videos/experts-indian-rupee-likely-to-stabilise-near-88-1756965337036/embed">https://www.wionews.com/videos/experts-indian-rupee-likely-to-stabilise-near-88-1756965337036/embed</a><h2>Who is sending money to India? Origins and destinations</h2>The United States is the key source country in terms of value of remittances, accounting for around 27.7 per cent of total flows. The UAE (19.2 per cent) and the UK (10.8 per cent) are also among the top countries. Remittances of about ₹500,000 account for 28.6 per cent of the total inflows. Smaller transactions — ₹16,500 or less — make up 40.6 per cent.States with high remittance inflows include Maharashtra (20.5 per cent), Kerala (19.7 per cent), and Tamil Nadu (10.4 per cent).Also read: <a href="https://www.wionews.com/business-economy/indo-pak-war-indian-rupee-slides-to-record-lows-falls-to-8588-against-dollar-sharpest-drop-in-over-25-years-9051844">Indo-Pak war: Indian Rupee slides to record lows; falls to 85.88 against dollar, sharpest drop in over 2.5 years</a><h2>Indian rupee fall trends and effect on remittances</h2>The rupee has been falling in recent months, dropping to ₹87.29 per US dollar in February. Historically, a weaker rupee always encouraged NRIs to remit money more frequently and in larger amounts. The 2018 rupee depreciation to 69.62 per US dollar caused a 25 per cent volume spike in remittances from the UAE.The current depreciation — around 3.6 per cent over 10 months — is showing a similar effect, particularly among skilled migrants in high-income countries.<h2>Easier now to send remittances, but challenges remain</h2>Digital infrastructure for sending money, including platforms like UPI, has improved the remittance process by reducing costs, increasing transaction speed and boosting volumes.But challenges remain. Any global slowdown, or headwinds like falling oil prices and economic uncertainties, could impact remittance inflows. There is also the risk of countries changing their visa and immigration policies, which could affect future remittance volumes.

The rupee’s fall to record lows against the dollar is boosting remittances from Non-Resident Indians (NRIs). This is good for the economy as the recipients get more purchasing power to buy goods and services, boosting demand and economic activity

The Indian rupee slid to a record low of ₹88.36 per US dollar this week amid fears of new US tariffs and global economic uncertainties. The Reserve Bank of India, the nation's central bank, reportedly intervened to cap further losses. On August 29, the rupee breached the ₹88 mark, touching ₹88.29. These are among the weakest points for the rupee in recent memory, but one group will benefit: Indian expats sending money home. India is the largest recipient of global remittances In the fiscal year 2024–25, India received a record high of $135.46 billion in inward remittances. That marks a steady growth. In 2024, remittance inflows climbed to around $129 billion, according to the World Bank, up from an estimated $125 billion in 2023. The figure was about $111 billion in 2022. Also read: Indian tourists can pay in Indian Rupees with local currency settlement agreement, says Maldives Finance Minister Moosa Zameer Why a weaker rupee is a boon for NRIs sending money home A weaker rupee benefits Indian expatriates by enabling them to convert every dollar, or other foreign currency, into more rupees, increasing the value of their remittances. For example, at ₹88 to a dollar, $1,000 becomes ₹88,000 instead of, say, ₹82,000 — a gain of ₹6,000. This gives greater purchasing power to the recipients of these remittances. Whether for household needs, education, investment, or savings, they gain more value. So, the drop in the rupee rate, driven by US tariff concerns and foreign exchange volatility, is in a way helping this segment of Indian society. https://www.wionews.com/videos/experts-indian-rupee-likely-to-stabilise-near-88-1756965337036/embed Who is sending money to India? Origins and destinations The United States is the key source country in terms of value of remittances, accounting for around 27.7 per cent of total flows. The UAE (19.2 per cent) and the UK (10.8 per cent) are also among the top countries. Remittances of about ₹500,000 account for 28.6 per cent of the total inflows. Smaller transactions — ₹16,500 or less — make up 40.6 per cent. States with high remittance inflows include Maharashtra (20.5 per cent), Kerala (19.7 per cent), and Tamil Nadu (10.4 per cent). Also read: Indo-Pak war: Indian Rupee slides to record lows; falls to 85.88 against dollar, sharpest drop in over 2.5 years Indian rupee fall trends and effect on remittances The rupee has been falling in recent months, dropping to ₹87.29 per US dollar in February. Historically, a weaker rupee always encouraged NRIs to remit money more frequently and in larger amounts. The 2018 rupee depreciation to 69.62 per US dollar caused a 25 per cent volume spike in remittances from the UAE. The current depreciation — around 3.6 per cent over 10 months — is showing a similar effect, particularly among skilled migrants in high-income countries. Easier now to send remittances, but challenges remain Digital infrastructure for sending money, including platforms like UPI, has improved the remittance process by reducing costs, increasing transaction speed and boosting volumes. But challenges remain. Any global slowdown, or headwinds like falling oil prices and economic uncertainties, could impact remittance inflows. There is also the risk of countries changing their visa and immigration policies, which could affect future remittance volumes.

The rupee’s fall to record lows against the dollar is boosting remittances from Non-Resident Indians (NRIs). This is good for the economy as the recipients get more purchasing power to buy goods and services, boosting demand and economic activity

Rupee fall is a boon for Indian expats who send money home. Here is why it matters for largest remittance-receiving nation

US President Donald Trump seems to be climbing down from his decision of imposing additional tariffs, in regards to some countries like Japan. Trump on Thursday (Sep 4) signed an executive order to implement the US-Japan trade agreement, under which the &nbsp;new tariffs imposed on most Japanese goods, including automobiles will now come down to 15%.&nbsp;Confirming the deal between both the countries, the Trump administration took to X to write, "@POTUS has signed an Executive Order officially implementing the U.S.-Japan Trade Agreement."&nbsp;The deal had been reached in July after months of negotiations but both the countries appeared to differ in its details.&nbsp;Also Read: <a href="https://www.wionews.com/world/-defence-is-too-defensive-trump-wants-pentagon-renamed-as-department-of-war-and-it-will-cost-us-billions-1757055677370">‘Defence is too defensive’: Trump wants Pentagon renamed as ‘Department of War’ and it will cost US BILLIONS</a>&nbsp;“This new tariff framework, combined with expanded United States exports and investment-driven production, will help reduce the trade deficit with Japan and restore greater balance to the overall US trade position," the agreement read.&nbsp;As per the deal, Tokyo will invest $550 billion in projects selected by the US government. It will also speed up its purchase of American agricultural products like corn and soybeans. US-made commercial aircrafts and defense equipment will also be bought by Japan under the new agreement.&nbsp;The new tariffs on Japanese goods will apply retroactively to goods shipped from August 7 -- the date that higher duties on several countries took effect.&nbsp;Trump’s global tariff campaign had put immense pressure on Japan’s massive auto sector. After the new tariffs came into effect last month, Toyota warned that it will take a beating of $10 billion its sales to the US, forcing it to slash by 16% its forecast for full-year operating profits.&nbsp;Other rival auto companies like Ford and GM are likely to see the pre-tax adjusted profit slide by $3 billion and $5 billion, respectively. &nbsp;

The deal had been reached in July after months of negotiations but both the countries appeared to differ in its details.

US President Donald Trump seems to be climbing down from his decision of imposing additional tariffs, in regards to some countries like Japan. Trump on Thursday (Sep 4) signed an executive order to implement the US-Japan trade agreement, under which the new tariffs imposed on most Japanese goods, including automobiles will now come down to 15%. Confirming the deal between both the countries, the Trump administration took to X to write, "@POTUS has signed an Executive Order officially implementing the U.S.-Japan Trade Agreement." The deal had been reached in July after months of negotiations but both the countries appeared to differ in its details. Also Read: ‘Defence is too defensive’: Trump wants Pentagon renamed as ‘Department of War’ and it will cost US BILLIONS “This new tariff framework, combined with expanded United States exports and investment-driven production, will help reduce the trade deficit with Japan and restore greater balance to the overall US trade position," the agreement read. As per the deal, Tokyo will invest $550 billion in projects selected by the US government. It will also speed up its purchase of American agricultural products like corn and soybeans. US-made commercial aircrafts and defense equipment will also be bought by Japan under the new agreement. The new tariffs on Japanese goods will apply retroactively to goods shipped from August 7 -- the date that higher duties on several countries took effect. Trump’s global tariff campaign had put immense pressure on Japan’s massive auto sector. After the new tariffs came into effect last month, Toyota warned that it will take a beating of $10 billion its sales to the US, forcing it to slash by 16% its forecast for full-year operating profits. Other rival auto companies like Ford and GM are likely to see the pre-tax adjusted profit slide by $3 billion and $5 billion, respectively.

The deal had been reached in July after months of negotiations but both the countries appeared to differ in its details.

Trump buckles under pressure? US President signs order slashing tariff on Japanese goods, auto to 15%

Oracle and Salesforce, two of the biggest tech companies across the world, will lay off hundreds of their employees in California and Washington amid reports that growing reliance on Artificial Intelligence is expected to discontinue many job roles across the globe and across industries.<h2>How many jobs do Salesforce, Oracle plan to cut?</h2>Reports suggested that Salesforce and Oracle will cut 500 jobs in the Bay Area and 200 in Seattle. While Salesforce is slashing 262 jobs in San Francisco, Oracle is cutting 254 jobs in Redwood City, Pleasanton, and Santa Clara. These job cuts will be implemented on November 3.&nbsp;A Salesforce spokesperson said that due to the advent of new technology, it no longer needed to backfill support engineer roles. It, however, redeployed several employees into roles like professional services, sales, and customer success.&nbsp;Since 2022, Oracle has cut 744 jobs in the Bay Area alone. Salesforce has sacked 1450 employees during the same period.&nbsp;Other companies, like Amazon, Microsoft, etc, have also either slashed roles or are considering laying off employees due to a shift in priorities.Experts point out that during the pandemic-era hiring boom, companies hired a large number of employees who are no longer needed. Also, all the companies are prioritising artificial intelligence.&nbsp;Microsoft has let go of at least 15000 workers globally since May and has pumped in billions of dollars into AI initiatives.<h2>What did Salesforce say about layoffs in the United States?</h2>"At the start of this year, we deployed help.agentforce.com. Because of the benefits and efficiencies of Agentforce, we’ve seen the number of support cases we handle decline, and we no longer need to actively backfill support engineer roles," a Salesforce spokesperson was quoted by India Today as saying.

Oracle and Salesforce, two of the biggest tech companies across the world, will lay off hundreds of their employees in California and Washington.

Oracle and Salesforce, two of the biggest tech companies across the world, will lay off hundreds of their employees in California and Washington amid reports that growing reliance on Artificial Intelligence is expected to discontinue many job roles across the globe and across industries. How many jobs do Salesforce, Oracle plan to cut? Reports suggested that Salesforce and Oracle will cut 500 jobs in the Bay Area and 200 in Seattle. While Salesforce is slashing 262 jobs in San Francisco, Oracle is cutting 254 jobs in Redwood City, Pleasanton, and Santa Clara. These job cuts will be implemented on November 3. A Salesforce spokesperson said that due to the advent of new technology, it no longer needed to backfill support engineer roles. It, however, redeployed several employees into roles like professional services, sales, and customer success. Since 2022, Oracle has cut 744 jobs in the Bay Area alone. Salesforce has sacked 1450 employees during the same period. Other companies, like Amazon, Microsoft, etc, have also either slashed roles or are considering laying off employees due to a shift in priorities. Experts point out that during the pandemic-era hiring boom, companies hired a large number of employees who are no longer needed. Also, all the companies are prioritising artificial intelligence. Microsoft has let go of at least 15000 workers globally since May and has pumped in billions of dollars into AI initiatives. What did Salesforce say about layoffs in the United States? "At the start of this year, we deployed help.agentforce.com. Because of the benefits and efficiencies of Agentforce, we’ve seen the number of support cases we handle decline, and we no longer need to actively backfill support engineer roles," a Salesforce spokesperson was quoted by India Today as saying.

Oracle and Salesforce to lay off employees: According to reports, the two software giants will lay off hundreds of workers by November of this year.

Oracle to lay off 254; Salesforce attributes planned 262 job cuts to Agentforce

India's Goods and Services Tax (GST) reforms are expected to offset the Trump tariffs at least partially, but it depends on a number of factors. The GST reforms consolidated tax slabs and cut rates on hundreds of items, from cars and electronics to soaps and insurance premiums. The aim is to boost domestic consumption, improve tax collection, and create an investment-friendly business environment. The reforms came days after the 50 per cent tariffs imposed by US President Donald Trump over the trade gap and India's oil purchases from Russia. The tariffs could impact India's textiles, auto parts, and industrial machinery sectors, among others. This could hurt India's export competitiveness in the US, which is its largest trading partner.<h2>What did India's GST reforms do to the taxpayer?</h2>India's ‘GST 2.0’ reforms simplified it to two main slabs of 5 per cent and 18 per cent, while a 40 per cent slab was introduced for luxury/sin goods such as premium cars and tobacco products.Tax rate for consumer durables was cut from 28 per cent to 18 per cent, and for processed foods from 12 per cent to 5 per cent, besides signficant reductions for textiles-linked products.The GDP boost is estimated from 0.6 per cent to 1.2 per cent, as per analysts.It would simplify tax filing for medium and small enterprises (MSMEs), enable faster refunds and improve ease of doing business.GST cuts also could ease inflation, which is already at an eight-year low.<a href="https://www.wionews.com/india-news/gst-reforms-2025-rate-cuts-5-per-cent-slab-middle-class-relief-1756971115143">Also read: GST rate cuts on common goods: Relief for middle class, push for festive demand</a><h2>How India's exports sectors are affected by Trump tariffs</h2>India is estimated to have saved $17 billion by importing discounted Russian oil. The exports to US in 2024 were around $87 billion or around 2.5 per cent of India’s GDP. Up to 66 per cent of these exports are at risk of Trump tariff impact, with estimated loss ranging from 4 billion to 37 billion dollars depending on the value of the lost exports. Textiles could take a hit of $10.3 billion, Gems &amp; Jewellery could be hurt by $10 billion, while auto components, shrimp, chemicals and leather are some other areas that can be affected. Job losses are estimated at over 1 million, particularly in textiles, gems, machinery and fisheries sectors. GDP loss could range from 0.1 per cent to 1 per cent, according to analysts from HSBC, Nomura, Nirmal Bank, Cleartax and others.<a href="https://www.wionews.com/videos/new-gst-reform-what-gets-cheaper-and-what-becomes-costlier-under-new-slabs-1757046365613/embed">https://www.wionews.com/videos/new-gst-reform-what-gets-cheaper-and-what-becomes-costlier-under-new-slabs-1757046365613/embed</a><h2>How India is seeing GST reform amid Trump tariffs</h2>Commerce Minister Piyush Goyal hailed the GST reforms as “game-changing” and hinted that they could partially shield India from global trade disruptions—an indirect reference to the Trump tariffs. National Stock Exchange CEO Ashishkumar Chauhan and Kotak Mahindra’s Nilesh Shah expressed hope that the simplified tax regime would attract investment and spur growth.<a href="https://www.wionews.com/photos/will-flight-tickets-be-cheaper-in-new-gst-slab-quick-overview-before-your-next-vacation-1756994610769">Also read: Will flight tickets be cheaper in new GST slab? Quick overview before your next vacation</a>State Bank of India noted that GST cuts and other recent income tax reliefs might inject some ₹5.31 trillion into the economy, roughly 1.6 per cent of India’s GDP. This is significant, as the impact from Trump tariffs on GDP was estimated at around 1 per cent.Analysts such as Fitch Solutions projected GDP growth of 5.8 per cent in the financial year 2025–26 and 5.4 per cent in 2026–27 if domestic reforms continue and global trade conditions don’t worsen. Elara Capital and Geojit Financial Services estimated that increased consumption resulting from the GST reforms could lift GDP growth by up to 1.2 percentage points over the next 4 to 6 quarters.A Moneycontrol portal survey found that 67 per cent of economists believe GST reforms and tax cuts will at least partially offset the damage from Trump tariffs.<h2>GST reforms vs Trump tariffs: It is more complicated&nbsp;</h2>Some experts, however, cautioned against overestimating the tax reform's capacity to offset the Trump tariffs. Even if consumption rises, export sectors directly hit by tariffs—such as apparel, auto parts, and engineering goods—rely heavily on international markets and could take years to recover from lost US revenue.Economist Gaura Sen Gupta from IDFC First Bank estimated that GST-related growth gains will add 0.6 percentage points to GDP, but persistent tariffs at 50 per cent could neutralise these benefits.It all depends on if Trump tightens his tariff stance. Trump has already hinted at a second and third phase of sanctions or tariffs on buyers of Russian oil, which could also affect India. Therefore, the future effectiveness of India's tax reforms in offsetting the Trump tariffs depends on whether Trump hardens or softens his stance. If tariffs ease to 25 per cent or below by the end of the year, India may still meet its growth targets, according to experts.<h2>The government is taking a hit with GST, income tax reforms</h2>After GST reforms, along with some $12 billion in income tax relief announced earlier this year, the exchequer will take a hit of $20 billion per year due to the reforms, according to analysts.&nbsp;Reduction of GST rates could impact public finances, particularly the tax collection of state governments that rely on GST for their budgets. There is a risk of underfunding crucial infrastructure and social programmes due to reduced revenue.<h2>GST reforms vs Trump tariffs: A buffer, not a cure</h2>Many economists and industry observers feel the GST reforms, while long overdue, are a strategic response to external pressures. They will have only a limited impact in the long run, as they are not a full substitute for losses from US-bound exports. The future will depend on how long the Trump tariffs remain, how the global trade environment evolves, and whether India can diversify its export markets quickly enough.The general consensus is that GST reforms are a strong buffer, but not a cure for the current pressures on the Indian economy due to tariffs. More diplomatic engagement and export diversification are required to fully safeguard the Indian economy.As mentioned earlier, the &nbsp;GDP impact of US tariffs is between 0.2% to –1%, while the GST reform would benefit it by an estimated 0.6%.But it will take time. It should be noted that GST reforms take time to impact the economy, while tariffs are immediate. Then there is sectoral mismatch: The reforms support domestic demand, but not all the export-heavy sectors. If US tariffs are imposed in the 'second or third phases' on IT services, or non-tariff barriers like visa restrictions, it could hit India again. It could add to urban unemployment, which is already at 7.1 per cent in some cities.In short, tariffs have an immediate, export-driven negative impact, &nbsp;causing a potential GDP loss of up to 1 per cent and taking a hit of over $30 billion in trade. GST reforms can be a partial yet significant mitigation by boosting internal demand, and adding up to 0.6 per cent to GDP. &nbsp;

India’s GST reforms could partially offset Trump’s tariffs by boosting consumption and easing taxes but they won’t fully counteract tariff impacts on exports, according to expert views

India's Goods and Services Tax (GST) reforms are expected to offset the Trump tariffs at least partially, but it depends on a number of factors. The GST reforms consolidated tax slabs and cut rates on hundreds of items, from cars and electronics to soaps and insurance premiums. The aim is to boost domestic consumption, improve tax collection, and create an investment-friendly business environment. The reforms came days after the 50 per cent tariffs imposed by US President Donald Trump over the trade gap and India's oil purchases from Russia. The tariffs could impact India's textiles, auto parts, and industrial machinery sectors, among others. This could hurt India's export competitiveness in the US, which is its largest trading partner. What did India's GST reforms do to the taxpayer? India's ‘GST 2.0’ reforms simplified it to two main slabs of 5 per cent and 18 per cent, while a 40 per cent slab was introduced for luxury/sin goods such as premium cars and tobacco products. Tax rate for consumer durables was cut from 28 per cent to 18 per cent, and for processed foods from 12 per cent to 5 per cent, besides signficant reductions for textiles-linked products. The GDP boost is estimated from 0.6 per cent to 1.2 per cent, as per analysts. It would simplify tax filing for medium and small enterprises (MSMEs), enable faster refunds and improve ease of doing business. GST cuts also could ease inflation, which is already at an eight-year low. Also read: GST rate cuts on common goods: Relief for middle class, push for festive demand How India's exports sectors are affected by Trump tariffs India is estimated to have saved $17 billion by importing discounted Russian oil. The exports to US in 2024 were around $87 billion or around 2.5 per cent of India’s GDP. Up to 66 per cent of these exports are at risk of Trump tariff impact, with estimated loss ranging from 4 billion to 37 billion dollars depending on the value of the lost exports. Textiles could take a hit of $10.3 billion, Gems & Jewellery could be hurt by $10 billion, while auto components, shrimp, chemicals and leather are some other areas that can be affected. Job losses are estimated at over 1 million, particularly in textiles, gems, machinery and fisheries sectors. GDP loss could range from 0.1 per cent to 1 per cent, according to analysts from HSBC, Nomura, Nirmal Bank, Cleartax and others. https://www.wionews.com/videos/new-gst-reform-what-gets-cheaper-and-what-becomes-costlier-under-new-slabs-1757046365613/embed How India is seeing GST reform amid Trump tariffs Commerce Minister Piyush Goyal hailed the GST reforms as “game-changing” and hinted that they could partially shield India from global trade disruptions—an indirect reference to the Trump tariffs. National Stock Exchange CEO Ashishkumar Chauhan and Kotak Mahindra’s Nilesh Shah expressed hope that the simplified tax regime would attract investment and spur growth. Also read: Will flight tickets be cheaper in new GST slab? Quick overview before your next vacation State Bank of India noted that GST cuts and other recent income tax reliefs might inject some ₹5.31 trillion into the economy, roughly 1.6 per cent of India’s GDP. This is significant, as the impact from Trump tariffs on GDP was estimated at around 1 per cent. Analysts such as Fitch Solutions projected GDP growth of 5.8 per cent in the financial year 2025–26 and 5.4 per cent in 2026–27 if domestic reforms continue and global trade conditions don’t worsen. Elara Capital and Geojit Financial Services estimated that increased consumption resulting from the GST reforms could lift GDP growth by up to 1.2 percentage points over the next 4 to 6 quarters. A Moneycontrol portal survey found that 67 per cent of economists believe GST reforms and tax cuts will at least partially offset the damage from Trump tariffs. GST reforms vs Trump tariffs: It is more complicated Some experts, however, cautioned against overestimating the tax reform's capacity to offset the Trump tariffs. Even if consumption rises, export sectors directly hit by tariffs—such as apparel, auto parts, and engineering goods—rely heavily on international markets and could take years to recover from lost US revenue. Economist Gaura Sen Gupta from IDFC First Bank estimated that GST-related growth gains will add 0.6 percentage points to GDP, but persistent tariffs at 50 per cent could neutralise these benefits. It all depends on if Trump tightens his tariff stance. Trump has already hinted at a second and third phase of sanctions or tariffs on buyers of Russian oil, which could also affect India. Therefore, the future effectiveness of India's tax reforms in offsetting the Trump tariffs depends on whether Trump hardens or softens his stance. If tariffs ease to 25 per cent or below by the end of the year, India may still meet its growth targets, according to experts. The government is taking a hit with GST, income tax reforms After GST reforms, along with some $12 billion in income tax relief announced earlier this year, the exchequer will take a hit of $20 billion per year due to the reforms, according to analysts. Reduction of GST rates could impact public finances, particularly the tax collection of state governments that rely on GST for their budgets. There is a risk of underfunding crucial infrastructure and social programmes due to reduced revenue. GST reforms vs Trump tariffs: A buffer, not a cure Many economists and industry observers feel the GST reforms, while long overdue, are a strategic response to external pressures. They will have only a limited impact in the long run, as they are not a full substitute for losses from US-bound exports. The future will depend on how long the Trump tariffs remain, how the global trade environment evolves, and whether India can diversify its export markets quickly enough. The general consensus is that GST reforms are a strong buffer, but not a cure for the current pressures on the Indian economy due to tariffs. More diplomatic engagement and export diversification are required to fully safeguard the Indian economy. As mentioned earlier, the GDP impact of US tariffs is between 0.2% to –1%, while the GST reform would benefit it by an estimated 0.6%. But it will take time. It should be noted that GST reforms take time to impact the economy, while tariffs are immediate. Then there is sectoral mismatch: The reforms support domestic demand, but not all the export-heavy sectors. If US tariffs are imposed in the 'second or third phases' on IT services, or non-tariff barriers like visa restrictions, it could hit India again. It could add to urban unemployment, which is already at 7.1 per cent in some cities. In short, tariffs have an immediate, export-driven negative impact, causing a potential GDP loss of up to 1 per cent and taking a hit of over $30 billion in trade. GST reforms can be a partial yet significant mitigation by boosting internal demand, and adding up to 0.6 per cent to GDP.

India’s GST reforms could partially offset Trump’s tariffs by boosting consumption and easing taxes but they won’t fully counteract tariff impacts on exports, according to expert views

India GST reforms can offset Trump tariffs, but only under these conditions

Credit cards are a great tool if used wisely and with prudence. If you plan your expenses well and can avoid mindless spending, credit cards can offer a lot of benefits as well as rewards. For frequent travellers, credit cards can turn out to be a boon. This is because they provide emergency funds to the holders and also bring in many rewards. However, the big question is: Which are the credit cards best suited for travelers?<h2>Here is the list of five cards that carry extra reward points and cashback.</h2><h3>1. HDFC Bank Marriott Bonvoy Credit Card</h3>The HDFC Bank Marriott Bonvoy Credit Card offers a free night award and 10 ELITE night credits. A person becomes eligible for this on the first transaction&nbsp;of Rs 500 or by paying the fee on the card. They also get Marriott Bonvoy Points.<h3>2. Axis Bank Atlas Credit Card</h3>It offers five EDGE miles on travel and 2 miles on other transactions. Once the spends reach Rs 7.5 lakh and Rs 15 lakh, the cardholder is eligible for its silver, gold, and platinum tiers of reward points.<h3>3. SBI Card ELITE</h3>Cardholders can earn bonus reward points worth Rs 12500 every year. It also gives free movie tickets worth Rs 6000 every year, and transactions make the cardholder qualify for at least two tickets per booking every month.<h3>4. HDFC Bank Diners Club Black Credit Card</h3>With this card, HDFC Bank provides annual memberships to Club Marriott, Times Prime, Swiggy One, and MMT Black. One can get good offers on flight tickets and hotel bookings using this card on HDFC Smartbuy.&nbsp;<h3>5. ICICI Bank Emerald Private Metal Credit Card</h3>ICICI Bank provides reward points for every Rs 200 spent using this card. One can earn 1000 reward points per category per statement.&nbsp;Travellers can buy health, beauty, and&nbsp;electronic products using these reward points. Items like travel and luggage, shopping vouchers, and tickets at a cheaper price can also be acquired&nbsp;through them.

Credit cards are a great tool if used wisely and with prudence. If you plan your expenses well and can avoid mindless spending, credit cards can offer a lot of benefits as well as rewards.

Credit cards are a great tool if used wisely and with prudence. If you plan your expenses well and can avoid mindless spending, credit cards can offer a lot of benefits as well as rewards. For frequent travellers, credit cards can turn out to be a boon. This is because they provide emergency funds to the holders and also bring in many rewards. However, the big question is: Which are the credit cards best suited for travelers? Here is the list of five cards that carry extra reward points and cashback. 1. HDFC Bank Marriott Bonvoy Credit Card The HDFC Bank Marriott Bonvoy Credit Card offers a free night award and 10 ELITE night credits. A person becomes eligible for this on the first transaction of Rs 500 or by paying the fee on the card. They also get Marriott Bonvoy Points. 2. Axis Bank Atlas Credit Card It offers five EDGE miles on travel and 2 miles on other transactions. Once the spends reach Rs 7.5 lakh and Rs 15 lakh, the cardholder is eligible for its silver, gold, and platinum tiers of reward points. 3. SBI Card ELITE Cardholders can earn bonus reward points worth Rs 12500 every year. It also gives free movie tickets worth Rs 6000 every year, and transactions make the cardholder qualify for at least two tickets per booking every month. 4. HDFC Bank Diners Club Black Credit Card With this card, HDFC Bank provides annual memberships to Club Marriott, Times Prime, Swiggy One, and MMT Black. One can get good offers on flight tickets and hotel bookings using this card on HDFC Smartbuy. 5. ICICI Bank Emerald Private Metal Credit Card ICICI Bank provides reward points for every Rs 200 spent using this card. One can earn 1000 reward points per category per statement. Travellers can buy health, beauty, and electronic products using these reward points. Items like travel and luggage, shopping vouchers, and tickets at a cheaper price can also be acquired through them.

Credit cards for travelers: HDFC, ICICI, SBI, Axis Bank offer several credit cards which can prove to be beneficial for cardholders. Here's a list of 5 credit cards that provide several benefits and cash rewards. Many also provide reward points.

Credit cards for travelers: Here's a list of 5 cards with perks and benefits

US President Donald Trump on Thursday night hosted a dinner at the White House with the honchos of the global tech industry. Microsoft cofounder Bill Gates, Apple CEO Tim Cook, Meta CEO Mark Zuckerberg, and a dozen other executives from the tech industry attended the meeting, including several India-origin CEOs. Elon Musk, the world's richest person, once a close Donald Trump ally, however, was missing.<h2>Who attended Donald Trump's dinner?</h2>The White House had said that Google founder Sergey Brin, Microsoft CEO Satya Nadella, OpenAI CEO Sam Altman and founder Greg Brockman, Oracle CEO Safra Catz, Blue Origin CEO David Limp, Micron CEO Sanjay Mehrotra, TIBCO Software chairman Vivek Ranadive, Palantir executive Shyam Sankar, Scale AI founder and CEO Alexandr Wang, and Shift4 Payments CEO Jared Isaacman were set to attend the dinner.<h2>Who were the Indian Americans in Donald Trump's dinner?</h2>The five Indian-Americans who were slated to attend the dinner are: Microsoft CEO Satya Nadella, Google CEO Sundar Pichai, Micron Technologies CEO Sanjay Mehrotra, and Chairman of TIBCO, Vivek Ranadive. Shyam Sankar, the CTO of Palantir, was also in attendance. Even though Musk wasn't present, his close associate, Isaacman, attended the meeting.&nbsp;According to reports, Trump described those present at the table as the most brilliant people who gathered around the table. "This is definitely a high-IQ group and I'm very proud of them," he said.&nbsp;Trump was flanked by First Lady Melania Trump, Microsoft co-founder and billionaire philanthropist Bill Gates on one side, and Meta CEO Mark Zuckerberg on the other.&nbsp;Pichai and Apple CEO Tim Cook sat across the table from Trump, while Nadella was seated toward one end of the table.&nbsp;Trump said that the group of people was leading a revolution in business and in genius.&nbsp;Pichai said at the table that the US should be at the forefront of the AI "moment".&nbsp;He noted that the Donald Trump administration has been investing in Artificial Intelligence (AI) and termed the 'AI Action Plan', unveiled in July by the White House, as a "great start".&nbsp;Trump lauded Satya Nadella, noting that the Microsoft stock has gone from USD 28 to USD 500.&nbsp;"What a job you've done," Trump said to Nadella.&nbsp;Nadella thanked Trump.&nbsp;Later, Trump said he had settled seven wars. He said he would speak with Russian President Vladimir Putin in the near future.&nbsp;"We are having a very good dialogue," Trump added.

US President Donald Trump on Thursday night hosted a dinner at the White House with the honchos of the global tech industry. 

US President Donald Trump on Thursday night hosted a dinner at the White House with the honchos of the global tech industry. Microsoft cofounder Bill Gates, Apple CEO Tim Cook, Meta CEO Mark Zuckerberg, and a dozen other executives from the tech industry attended the meeting, including several India-origin CEOs. Elon Musk, the world's richest person, once a close Donald Trump ally, however, was missing. Who attended Donald Trump's dinner? The White House had said that Google founder Sergey Brin, Microsoft CEO Satya Nadella, OpenAI CEO Sam Altman and founder Greg Brockman, Oracle CEO Safra Catz, Blue Origin CEO David Limp, Micron CEO Sanjay Mehrotra, TIBCO Software chairman Vivek Ranadive, Palantir executive Shyam Sankar, Scale AI founder and CEO Alexandr Wang, and Shift4 Payments CEO Jared Isaacman were set to attend the dinner. Who were the Indian Americans in Donald Trump's dinner? The five Indian-Americans who were slated to attend the dinner are: Microsoft CEO Satya Nadella, Google CEO Sundar Pichai, Micron Technologies CEO Sanjay Mehrotra, and Chairman of TIBCO, Vivek Ranadive. Shyam Sankar, the CTO of Palantir, was also in attendance. Even though Musk wasn't present, his close associate, Isaacman, attended the meeting. According to reports, Trump described those present at the table as the most brilliant people who gathered around the table. "This is definitely a high-IQ group and I'm very proud of them," he said. Trump was flanked by First Lady Melania Trump, Microsoft co-founder and billionaire philanthropist Bill Gates on one side, and Meta CEO Mark Zuckerberg on the other. Pichai and Apple CEO Tim Cook sat across the table from Trump, while Nadella was seated toward one end of the table. Trump said that the group of people was leading a revolution in business and in genius. Pichai said at the table that the US should be at the forefront of the AI "moment". He noted that the Donald Trump administration has been investing in Artificial Intelligence (AI) and termed the 'AI Action Plan', unveiled in July by the White House, as a "great start". Trump lauded Satya Nadella, noting that the Microsoft stock has gone from USD 28 to USD 500. "What a job you've done," Trump said to Nadella. Nadella thanked Trump. Later, Trump said he had settled seven wars. He said he would speak with Russian President Vladimir Putin in the near future. "We are having a very good dialogue," Trump added.

US President Donald Trump organised an official dinner for the honchos of the global tech industries. Five Indian-Americans also attended the high-profile meeting. Here's what happened at Trump's dinner.

Trump’s White House Dinner: List of honchos who attended AI-focused meet includes 5 Indians

During the early trading session on Friday, Moschip Technologies' share witnessed a significant jump. At the end of the Thursday trading session, Moschip Technologies' stock zoomed 19 per cent, reaching its 52-week high of Rs 228.87. At 10.40 am, the share was at Rs 236.35.<h2>Why is Moschip Technologies' share rising?</h2>Experts say that the sudden rally in the electronics share can be attributed to the GST reforms announced by Finance Minister Nirmala Sitharaman on Wednesday evening.&nbsp;The GST on the sector was reduced to 18 per cent from 28 per cent. The investor sentiment on the share was also buoyed by the central government's backing of the semiconductor sector.&nbsp;On Wednesday, Prime Minister Narendra Modi met with the top executives of the semiconductor industry at SEMICON India and expressed confidence in India's potential in the crucial sector.&nbsp;"Earlier today, I interacted with leading CEOs from the world of semiconductors during SEMICON India 2025. Their confidence in India’s potential is evident, and they are betting big on India as a global hub for semiconductor innovation and manufacturing. I talked about India's relentless reform journey in this sector, which includes building robust infrastructure and an emphasis on skilling as well as innovation," he said. Many major deals were made during the event. The government's semiconductor push and recent GST reforms have resulted in the rally of the share. The Centre, on Wednesday, made GST simpler by eliminating the 12 per cent and 28 per cent GST slabs.&nbsp;<h2> What is Moschip Technologies? &nbsp;</h2>&nbsp;Moschip Technologies is a semiconductor company. It makes silicon and product engineering solutions. It also gives services for semiconductors, SoCs, IoT solutions, and AI/ML, etc.&nbsp;The company envisages that the market for smart-energy meter integrated circuits (ICs) is expected to grow at a 7%. On September 4, the market capitalisation of the firm stood at Rs 4,324.26 crore. "This rally in the electronics share can be attributed to the GST reforms announced by Finance Minister Nirmala Sitharaman on Wednesday evening. The stock benefits from the GST rate reduction from 28% to 18%," said Seema Srivastava, Senior Research Analyst at SMC Global Securities, told Mint.

During the early trading session on Friday, Moschip Technologies' share witnessed a significant jump.

During the early trading session on Friday, Moschip Technologies' share witnessed a significant jump. At the end of the Thursday trading session, Moschip Technologies' stock zoomed 19 per cent, reaching its 52-week high of Rs 228.87. At 10.40 am, the share was at Rs 236.35. Why is Moschip Technologies' share rising? Experts say that the sudden rally in the electronics share can be attributed to the GST reforms announced by Finance Minister Nirmala Sitharaman on Wednesday evening. The GST on the sector was reduced to 18 per cent from 28 per cent. The investor sentiment on the share was also buoyed by the central government's backing of the semiconductor sector. On Wednesday, Prime Minister Narendra Modi met with the top executives of the semiconductor industry at SEMICON India and expressed confidence in India's potential in the crucial sector. "Earlier today, I interacted with leading CEOs from the world of semiconductors during SEMICON India 2025. Their confidence in India’s potential is evident, and they are betting big on India as a global hub for semiconductor innovation and manufacturing. I talked about India's relentless reform journey in this sector, which includes building robust infrastructure and an emphasis on skilling as well as innovation," he said. Many major deals were made during the event. The government's semiconductor push and recent GST reforms have resulted in the rally of the share. The Centre, on Wednesday, made GST simpler by eliminating the 12 per cent and 28 per cent GST slabs. What is Moschip Technologies? Moschip Technologies is a semiconductor company. It makes silicon and product engineering solutions. It also gives services for semiconductors, SoCs, IoT solutions, and AI/ML, etc. The company envisages that the market for smart-energy meter integrated circuits (ICs) is expected to grow at a 7%. On September 4, the market capitalisation of the firm stood at Rs 4,324.26 crore. "This rally in the electronics share can be attributed to the GST reforms announced by Finance Minister Nirmala Sitharaman on Wednesday evening. The stock benefits from the GST rate reduction from 28% to 18%," said Seema Srivastava, Senior Research Analyst at SMC Global Securities, told Mint.

Moschip Technologies' share: Moschip Technologies is a semiconductor company headquartered in Hyderabad. Moschip Technologies' share has been rising the entire week. Here's the reason why.

Moschip Technologies' share continues to rally: Here's the reason for its record surge

New Delhi: Indian stock benchmarks had a bumper opening bell on Thursday, expectedly so, pushed by massive next-generation GST reforms brought in overnight, sparking investors' interest in the markets.&nbsp;As the day progressed, the indices, however, slid down and closed the day somehow marginally higher than the previous session close.Sensex and Nifty closed in a range of 0.1-0.2 per cent higher.&nbsp;The latest positive momentum in the markets raised hopes for a strong rally.&nbsp;Ajit Mishra - SVP, Research, Religare Broking Ltd, said, “Markets witnessed a volatile session and ended marginally higher, supported by sweeping GST reforms that signalled a structural tax overhaul. The Nifty opened on a strong note, led by sharp gains in auto and consumer staples, but profit-taking and weakness in select heavyweights dragged the index lower as the day progressed.”&nbsp;Sector-wise, auto, financials, and FMCG led the advance, while IT, energy, and realty were the notable laggards.&nbsp;"The GST 2.0 reforms strengthen the case for a consumption-led recovery, with auto and consumer staples expected to benefit the most. Select metals and infrastructure names linked to rural stimulus also remain in focus," Mishra said.&nbsp;The broader outlook stays vulnerable to global macro uncertainties, continued FII outflows, and persistent US tariff headwinds, he further noted.&nbsp;"Despite the strong start, the market struggled to maintain momentum. As the session progressed, markets failed to hold on to higher levels and came under pressure due to profit booking, erasing a large part of the early gains," Sudeep Shah, Head - Technical Research and Derivatives at SBI Securities, said.&nbsp;The GST Council, on Wednesday, after a threadbare discussion, approved significant rate cuts across multiple sectors, which the government has described as a Diwali gift for the nation. On the essential items front, several items of daily household use will now cost less.&nbsp;The 56th GST council meeting decided to rationalise GST rates to two slabs of 5 per cent and 18 per cent, while doing away with the 12 per cent and 28 per cent rates.

Indian stock benchmarks had a bumper opening bell on Thursday, expectedly so, pushed by massive next-generation GST reforms brought in overnight, sparking investors' interest in the markets.

New Delhi: Indian stock benchmarks had a bumper opening bell on Thursday, expectedly so, pushed by massive next-generation GST reforms brought in overnight, sparking investors' interest in the markets. As the day progressed, the indices, however, slid down and closed the day somehow marginally higher than the previous session close. Sensex and Nifty closed in a range of 0.1-0.2 per cent higher. The latest positive momentum in the markets raised hopes for a strong rally. Ajit Mishra - SVP, Research, Religare Broking Ltd, said, “Markets witnessed a volatile session and ended marginally higher, supported by sweeping GST reforms that signalled a structural tax overhaul. The Nifty opened on a strong note, led by sharp gains in auto and consumer staples, but profit-taking and weakness in select heavyweights dragged the index lower as the day progressed.” Sector-wise, auto, financials, and FMCG led the advance, while IT, energy, and realty were the notable laggards. "The GST 2.0 reforms strengthen the case for a consumption-led recovery, with auto and consumer staples expected to benefit the most. Select metals and infrastructure names linked to rural stimulus also remain in focus," Mishra said. The broader outlook stays vulnerable to global macro uncertainties, continued FII outflows, and persistent US tariff headwinds, he further noted. "Despite the strong start, the market struggled to maintain momentum. As the session progressed, markets failed to hold on to higher levels and came under pressure due to profit booking, erasing a large part of the early gains," Sudeep Shah, Head - Technical Research and Derivatives at SBI Securities, said. The GST Council, on Wednesday, after a threadbare discussion, approved significant rate cuts across multiple sectors, which the government has described as a Diwali gift for the nation. On the essential items front, several items of daily household use will now cost less. The 56th GST council meeting decided to rationalise GST rates to two slabs of 5 per cent and 18 per cent, while doing away with the 12 per cent and 28 per cent rates.

As the day progressed, the indices, however, slid down and closed the day somehow marginally higher than the previous session close.

Indian stocks cheered GST reforms but rally short-lived; Sensex dips 800 points from intraday high

Samsung has launched a new smartphone, the Samsung Galaxy S25 FE, which offers flagship performance but at a lower&nbsp;price than the Samsung Galaxy S25. The phone is slimmer than the previous iteration of the FE series. The phone boasts AI tools,&nbsp;long-term software support, and a fast chip, RAM, and memory.<h2>What's Samsung S 25 FE's price?</h2>The Korean company hasn't released&nbsp;the prices of the offering in India. However, the prices of the phone in the United States are out. The phone's price starts at $650 (roughly Rs 57,300). Its 8GB/256GB variant is priced at $710 (roughly Rs. 62,570) in the US.<h2>Samsung S25 FE's features</h2>Samsung Galaxy S25 FE offers premium AI features, including multimodal AI agents and personalized insights. It has become more secure due to the new Knox Enhanced Encryption Protection.&nbsp;It has an upgraded 12 MP front camera with a low noise mode. With AI, users can employ generative editing to remove distractions and fill in backgrounds.&nbsp;Its frame is made from Armour Aluminium. It has a 4,900mAh battery. A larger vapor chamber helps the phone remain cool during demanding tasks.&nbsp;&nbsp;It will be equipped with One UI 8 out of the box – Samsung's latest software based on Android 16.&nbsp;The phone supports 45W wired charging.&nbsp;“Galaxy S25 FE plays an important role as a gateway into the broader Galaxy AI ecosystem, making these experiences more attainable for a wider range of users,” said Jay Kim, Executive Vice President and Head of Customer Experience Office, Mobile eXperience Business at Samsung Electronics. ”With expanded personalized AI experiences and AI-powered photography and editing tools, Galaxy S25 FE empowers more people to bring greater convenience and creativity into their everyday lives.&nbsp;Its display size is 6.7 inches. It is a Dynamic AMOLED 2X display with a 120Hz refresh rate. It will get seven generations of OS upgrades and seven years of security updates.<ol><li>1900 nits of peak brightness.</li><li>Corning Gorilla Glass Victus+ protection.</li><li>Powered by Exynos 2400 processor.</li><li>Back cameras: 50MP wide sensor, a 12MP ultra-wide sensor, and an 8MP telephoto sensor for zoom shots. On the front, a 12MP selfie camera.</li><li>15W wireless charging.</li></ol>

Samsung has launched a new smartphone, the Samsung Galaxy S25 FE, which offers flagship performance but at a lower price than the Samsung Galaxy S25. 

Samsung has launched a new smartphone, the Samsung Galaxy S25 FE, which offers flagship performance but at a lower price than the Samsung Galaxy S25. The phone is slimmer than the previous iteration of the FE series. The phone boasts AI tools, long-term software support, and a fast chip, RAM, and memory. What's Samsung S 25 FE's price? The Korean company hasn't released the prices of the offering in India. However, the prices of the phone in the United States are out. The phone's price starts at $650 (roughly Rs 57,300). Its 8GB/256GB variant is priced at $710 (roughly Rs. 62,570) in the US. Samsung S25 FE's features Samsung Galaxy S25 FE offers premium AI features, including multimodal AI agents and personalized insights. It has become more secure due to the new Knox Enhanced Encryption Protection. It has an upgraded 12 MP front camera with a low noise mode. With AI, users can employ generative editing to remove distractions and fill in backgrounds. Its frame is made from Armour Aluminium. It has a 4,900mAh battery. A larger vapor chamber helps the phone remain cool during demanding tasks. It will be equipped with One UI 8 out of the box – Samsung's latest software based on Android 16. The phone supports 45W wired charging. “Galaxy S25 FE plays an important role as a gateway into the broader Galaxy AI ecosystem, making these experiences more attainable for a wider range of users,” said Jay Kim, Executive Vice President and Head of Customer Experience Office, Mobile eXperience Business at Samsung Electronics. ”With expanded personalized AI experiences and AI-powered photography and editing tools, Galaxy S25 FE empowers more people to bring greater convenience and creativity into their everyday lives. Its display size is 6.7 inches. It is a Dynamic AMOLED 2X display with a 120Hz refresh rate. It will get seven generations of OS upgrades and seven years of security updates. 1900 nits of peak brightness. Corning Gorilla Glass Victus+ protection. Powered by Exynos 2400 processor. Back cameras: 50MP wide sensor, a 12MP ultra-wide sensor, and an 8MP telephoto sensor for zoom shots. On the front, a 12MP selfie camera. 15W wireless charging.

Samsung Galaxy S25 FE price in the US, camera features, display size, and resolution revealed. Samsung Galaxy S25 FE will be equipped with One UI 8 out of the box – Samsung's latest software based on Android 16.

Samsung Galaxy S25 FE launched: Display, battery, camera features; US price revealed