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The Bombay Stock Exchange (BSE) Sensex closed on Monday at 81,635.91 points, up 329.05 points or 0.40 per cent, while Nifty closed at 24,967.75 points, up 97.65 points or 0.39 per cent, respectively. The market sentiment was buoyed&nbsp;by the indication that the US Fed rates may come down. Which are the biggest gainers and losers?&nbsp;Over 25 Nifty 500 stocks logged gains between 3% and 10%. Action Construction gained 10 per cent to Rs 1080, eClerx Services rallied 9 per cent to Rs 4238. Newgen Software rose 6.3% to Rs 920. Kirloskar Brothers' stock rose 4.7% to Rs 2,034.&nbsp;Vodafone Idea stock also rose 4.7 per cent to Rs 7.4.&nbsp;Jubilant FoodWorks, Hyundai Motor India, Mastek, and ACME Solar Holdings, each rising over 4%, reported Mint, adding that Bikaji Foods International recovered from intraday losses to close 3.7% higher at Rs 798.40.&nbsp;PG Electroplast gained 3.6% gain to reach Rs 584.&nbsp;Zydus Lifesciences, PTC Industries, Elecon Engineering, Zen Technologies, Olectra Greentech, Infosys, and Godfrey Phillips India gained 3 per cent. Sundaran Finance stock dropped 5.7 per cent. Reliance Power dropped 5 per cent to arrive at Rs 46 per share.&nbsp;Emami's shares fell 4.3 per cent to Rs 585. Neuland Laboratories, Sterling and Wilson Renewable Energy, HBL Engineering, and Aptus Value Housing closed after losing over 2% in share value.&nbsp;Experts said that the markets started on a positive note because of global cues. In Nifty, investors bought major IT stocks.&nbsp;The US&nbsp;Federal Reserve hinting at a possible rate cut next month boosted risk appetite.&nbsp;The proposed GST reforms and a good monsoon also catalyzed to boost in investor sentiment.&nbsp;However, the picture is still grim. Sensex is 4500 points below its lifetime high of 85978. In 2024, Sensex and Nifty grew 9-10 per cent. In 2023, the indices had gained 17 per cent.&nbsp;&nbsp;This year, the Sensex has only grown 4 per cent so far.

The Bombay Stock Exchange (BSE) Sensex closed on Monday at 81,635.91 points, up 329.05 points or 0.40 per cent, while Nifty closed at 24,967.75 points, up 97.65 points or 0.39 per cent, respectively.

The Bombay Stock Exchange (BSE) Sensex closed on Monday at 81,635.91 points, up 329.05 points or 0.40 per cent, while Nifty closed at 24,967.75 points, up 97.65 points or 0.39 per cent, respectively. The market sentiment was buoyed by the indication that the US Fed rates may come down. Which are the biggest gainers and losers? Over 25 Nifty 500 stocks logged gains between 3% and 10%. Action Construction gained 10 per cent to Rs 1080, eClerx Services rallied 9 per cent to Rs 4238. Newgen Software rose 6.3% to Rs 920. Kirloskar Brothers' stock rose 4.7% to Rs 2,034. Vodafone Idea stock also rose 4.7 per cent to Rs 7.4. Jubilant FoodWorks, Hyundai Motor India, Mastek, and ACME Solar Holdings, each rising over 4%, reported Mint, adding that Bikaji Foods International recovered from intraday losses to close 3.7% higher at Rs 798.40. PG Electroplast gained 3.6% gain to reach Rs 584. Zydus Lifesciences, PTC Industries, Elecon Engineering, Zen Technologies, Olectra Greentech, Infosys, and Godfrey Phillips India gained 3 per cent. Sundaran Finance stock dropped 5.7 per cent. Reliance Power dropped 5 per cent to arrive at Rs 46 per share. Emami's shares fell 4.3 per cent to Rs 585. Neuland Laboratories, Sterling and Wilson Renewable Energy, HBL Engineering, and Aptus Value Housing closed after losing over 2% in share value. Experts said that the markets started on a positive note because of global cues. In Nifty, investors bought major IT stocks. The US Federal Reserve hinting at a possible rate cut next month boosted risk appetite. The proposed GST reforms and a good monsoon also catalyzed to boost in investor sentiment. However, the picture is still grim. Sensex is 4500 points below its lifetime high of 85978. In 2024, Sensex and Nifty grew 9-10 per cent. In 2023, the indices had gained 17 per cent. This year, the Sensex has only grown 4 per cent so far.

Sensex and Nifty, two main stock market indices, showed momentum today. Both markets reacted positively to global cues, particularly to the speculation that US Fed rates will come down.&nbsp;

How the stock market performed today: Top gainers and losers in Nifty 500

Over the past few years, India has strategically expanded its gold reserves within its foreign exchange after boosting both the volume and the share. Let's have a look at the last 5 years of increased gold reserves of India.


Over the past few years, India has strategically expanded its gold reserves within its foreign exchange after boosting both the volume and the share. Let's have a look at the last 5 years of increased gold reserves of India.

India's gold reserves over the years from 2021 to 2025 — RBI — (in Metric Tonnes)

With the growth in the number of investors due to increased financial education, the number of people investing in the stock market has increased exponentially in India. However, in some regions, the popularity of these investment instruments is more than the others. The National Stock Exchange (NSE) has published a report that shows the growth of retail investors in India's major regions.&nbsp;NSE revealed that North India has more investors in the stock market than any other region in the country. As of July of this year, this region has over 4.3 crore registered investors.&nbsp;The National Stock Exchange (NSE) also said that the growth in the number of investors in the region was 20 per cent year-on-year. How&nbsp;did other regions perform?&nbsp;<a href="https://www.wionews.com/business-economy/donald-trump-s-tariff-to-take-effect-impact-on-indian-trade-and-economy-decoded-1756115321329">Also read: Donald Trump's tariff to take effect: Impact on Indian trade and economy decoded</a>&nbsp;It said the number of investors in West India was 3.5 crore, South India was 2.4 crore, and East India was 1.4 crore.&nbsp;"North and South India posted over 20 per cent growth in investor numbers," it added.&nbsp;11.8 crore people have invested in the National Stock Exchange by July of this year. In July, NSE added 15.1 lakh new investors, a rise of 19 per cent.&nbsp;<a href="https://www.wionews.com/business-economy/fitch-gives-india-bbb-rating-warns-new-delhi-on-donald-trump-s-tariff-1756121628486">Also read: Fitch gives India 'BBB-' rating, warns New Delhi on Donald Trump's tariff</a>&nbsp;The report also pointed out that the total count of unique trading accounts crossed 23 crore in July. This figure captures all client registrations, as investors often register with multiple trading members. Despite a moderation in growth compared with last year, the recent trend has been encouraging.&nbsp;This financial year, the average addition of investors is an impressive 12.4 lakh. The number was affected by hostility in the market because of rising geopolitical tensions and the tariff war.

With the growth in the number of investors due to increased financial education, the number of people investing in the stock market has increased exponentially in India.

With the growth in the number of investors due to increased financial education, the number of people investing in the stock market has increased exponentially in India. However, in some regions, the popularity of these investment instruments is more than the others. The National Stock Exchange (NSE) has published a report that shows the growth of retail investors in India's major regions. NSE revealed that North India has more investors in the stock market than any other region in the country. As of July of this year, this region has over 4.3 crore registered investors. The National Stock Exchange (NSE) also said that the growth in the number of investors in the region was 20 per cent year-on-year. How did other regions perform? Also read: Donald Trump's tariff to take effect: Impact on Indian trade and economy decoded It said the number of investors in West India was 3.5 crore, South India was 2.4 crore, and East India was 1.4 crore. "North and South India posted over 20 per cent growth in investor numbers," it added. 11.8 crore people have invested in the National Stock Exchange by July of this year. In July, NSE added 15.1 lakh new investors, a rise of 19 per cent. Also read: Fitch gives India 'BBB-' rating, warns New Delhi on Donald Trump's tariff The report also pointed out that the total count of unique trading accounts crossed 23 crore in July. This figure captures all client registrations, as investors often register with multiple trading members. Despite a moderation in growth compared with last year, the recent trend has been encouraging. This financial year, the average addition of investors is an impressive 12.4 lakh. The number was affected by hostility in the market because of rising geopolitical tensions and the tariff war.

The National Stock Exchange (NSE) said in a report that both North India and South India recorded a robust 20 per cent growth in the number of investors in July.

Which region in India has the largest number of stock market investors? NSE reveals

Fitch Ratings, one of the world's foremost ratings agencies, on Monday affirmed India's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-' with a stable outlook. The agency said in a statement that the ratings were based on India's robust economic growth and solid external finances.&nbsp;Fitch Ratings said India demonstrated a strengthening record of delivering growth with macro stability and improving fiscal credibility. It said these factors should improve structural metrics, including GDP per capita.&nbsp;It further said that India's economic performance ensures the likelihood of a modest downward trend in the medium term. It said India's economic outlook will remain strong compared to its peers. The ratings agency said the GDP growth will be at 6.5 per cent in 2025-2026, which will be above the median of 'BBB' ratings at 2.5 per cent.&nbsp;<a href="https://www.wionews.com/business-economy/donald-trump-s-tariff-to-take-effect-impact-on-indian-trade-and-economy-decoded-1756115321329">Also read: Donald Trump's tariff to take effect: Impact on Indian trade and economy decoded</a>&nbsp;It asserted that India's domestic demand will remain solid. The ongoing capex drive and private consumption will remain robust. Due to the US tariff risk, it said, private investment will remain modest.&nbsp;Fitch Ratings further said that India's nominal GDP has slowed down. It said the GDP growth will expand 9 per cent in 2025-2026, lower than 9.8 per cent in 2024 and 2025.&nbsp;Fitch said that the direct impact of US tariffs on Indian GDP would be modest.&nbsp;However, the uncertainty will dampen business sentiment, it added.&nbsp;“The direct impact on GDP will be modest as exports to the US account for 2 per cent of GDP, but tariff uncertainty will dampen business sentiment and investment,” it said.&nbsp;Moreover, India's ability to benefit from supply chain shifts out of China would be reduced if US tariffs ultimately remain above that of Asian peers, it added.&nbsp;Fitch ratings also commented on India's proposed Goods and Services Tax reforms, saying that if adopted, they would support consumption.

Fitch Ratings, one of the world's foremost ratings agencies, on Monday affirmed India's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-' with a stable outlook.

Fitch Ratings, one of the world's foremost ratings agencies, on Monday affirmed India's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-' with a stable outlook. The agency said in a statement that the ratings were based on India's robust economic growth and solid external finances. Fitch Ratings said India demonstrated a strengthening record of delivering growth with macro stability and improving fiscal credibility. It said these factors should improve structural metrics, including GDP per capita. It further said that India's economic performance ensures the likelihood of a modest downward trend in the medium term. It said India's economic outlook will remain strong compared to its peers. The ratings agency said the GDP growth will be at 6.5 per cent in 2025-2026, which will be above the median of 'BBB' ratings at 2.5 per cent. Also read: Donald Trump's tariff to take effect: Impact on Indian trade and economy decoded It asserted that India's domestic demand will remain solid. The ongoing capex drive and private consumption will remain robust. Due to the US tariff risk, it said, private investment will remain modest. Fitch Ratings further said that India's nominal GDP has slowed down. It said the GDP growth will expand 9 per cent in 2025-2026, lower than 9.8 per cent in 2024 and 2025. Fitch said that the direct impact of US tariffs on Indian GDP would be modest. However, the uncertainty will dampen business sentiment, it added. “The direct impact on GDP will be modest as exports to the US account for 2 per cent of GDP, but tariff uncertainty will dampen business sentiment and investment,” it said. Moreover, India's ability to benefit from supply chain shifts out of China would be reduced if US tariffs ultimately remain above that of Asian peers, it added. Fitch ratings also commented on India's proposed Goods and Services Tax reforms, saying that if adopted, they would support consumption.

Fitch Ratings said India's Goods and Services Tax reforms will improve consumption if approved by the GST Council. Fitch also said that Donald Trump's tariffs may harm the business sentiment in India.

Fitch gives India 'BBB-' rating, warns New Delhi on Donald Trump's tariff

US President Donald Trump's tariff hike on India will take effect on August 27. His administration imposed a hike of 50 per cent on Indian exports to the United States to penalise New Delhi for buying Russian oil and weapons. It will impact India because&nbsp;the US is its largest export market.&nbsp;&nbsp;A 50 per cent tariff will make Indian exports to the US less competitive than those made by Vietnam, Bangladesh, and Mexico.&nbsp;Several US politicians have accused India of financing Russia's war in Ukraine by buying discounted oil and weapons. India says it is only ensuring its energy security and is doing what is good for its people.&nbsp;According to reports, due to the announcement of the tariffs, textiles and apparel&nbsp;orders are being diverted to other Asian exporters. India's gems and jewellery shipments have also been halted, reported Business Standard. Auto parts, pharmaceuticals, and electronics items are also under strain because of margin woes.&nbsp;<a href="https://www.wionews.com/business-economy/world-s-top-6-stock-exchanges-include-2-indian-markets-check-full-list-1756109750078">Also read: World's Top 6 stock exchanges include 2 Indian markets. Check full list</a>&nbsp;In the financial year 2024, New Delhi shipped goods worth $86.5 billion, which is 20 per cent&nbsp;of India's total exports of merchandise.&nbsp;If the tariffs continue, experts believe that in the long run, New Delhi's shipments could decline by 40 to 50 per cent. This will erode India's foreign exchange earnings.&nbsp;Per the paper, if the tariffs on India's US exports continue, the Indian economy's annual growth might be 0.2-0.4 percentage points lower. It could also reduce investments in the Indian economy, exacerbating&nbsp;the already delicate situation.&nbsp;The Ministry of External Affairs has described the move as “unfair and unreasonable". New Delhi, however, hasn't reacted with reciprocal tariffs. However, there hasn't been any major reduction in purchasing Russian oil. In July, India was the second-largest Russian oil importer after China.

US President Donald Trump's tariff hike on India will take effect on August 27. His administration imposed a hike of 50 per cent on Indian exports to the United States to penalise New Delhi for buying Russian oil and weapons. 

US President Donald Trump's tariff hike on India will take effect on August 27. His administration imposed a hike of 50 per cent on Indian exports to the United States to penalise New Delhi for buying Russian oil and weapons. It will impact India because the US is its largest export market. A 50 per cent tariff will make Indian exports to the US less competitive than those made by Vietnam, Bangladesh, and Mexico. Several US politicians have accused India of financing Russia's war in Ukraine by buying discounted oil and weapons. India says it is only ensuring its energy security and is doing what is good for its people. According to reports, due to the announcement of the tariffs, textiles and apparel orders are being diverted to other Asian exporters. India's gems and jewellery shipments have also been halted, reported Business Standard. Auto parts, pharmaceuticals, and electronics items are also under strain because of margin woes. Also read: World's Top 6 stock exchanges include 2 Indian markets. Check full list In the financial year 2024, New Delhi shipped goods worth $86.5 billion, which is 20 per cent of India's total exports of merchandise. If the tariffs continue, experts believe that in the long run, New Delhi's shipments could decline by 40 to 50 per cent. This will erode India's foreign exchange earnings. Per the paper, if the tariffs on India's US exports continue, the Indian economy's annual growth might be 0.2-0.4 percentage points lower. It could also reduce investments in the Indian economy, exacerbating the already delicate situation. The Ministry of External Affairs has described the move as “unfair and unreasonable". New Delhi, however, hasn't reacted with reciprocal tariffs. However, there hasn't been any major reduction in purchasing Russian oil. In July, India was the second-largest Russian oil importer after China.

Donald Trump's 50 per cent tariff hike on India will take effect later this week. How will it impact Indian businesses and the economy? According to experts, it may also impact India's growth story. Here's a look.&nbsp;

Donald Trump's tariff to take effect: Impact on Indian trade and economy decoded

Stock markets are facilities where investors can trade shares. All major nations have stock exchanges, including India, the United States, and China. In total, there are 21 stock exchanges in the world with a market&nbsp;capitalization&nbsp;of over US $ 1 trillion. Two of these stock exchanges are in India. But have you wondered which are the biggest stock exchanges in terms of market capitalization in the world? Well, Indian exchanges are in the list, but they are not the biggest. The biggest are in the United States and China, the world's largest economies in the world.<h2>Which are the world's largest stock exchanges in the world?</h2><h3>New York Stock Exchange</h3>The New York Stock Exchange is the largest in the world in terms of market capitalization. It is located in the Financial District of Lower Manhattan in New York City. Its market cap exceeded $25 trillion last year. It is owned by an American company called Intercontinental Exchange. Its current market cap is $31.58 trillion.<h3>NASDAQ</h3>With a market cap of $30.61 trillion, the National Association of Securities Dealers Automated Quotations (NASDAQ) is the second-largest stock exchange in the world. It is also located in New York City. It is owned by NASDAQ Inc. It mainly lists technology firms and trades the stock of foreign firms. In this stock exchange, Chinese and Israeli firms are the largest foreign sources.<h3>Shanghai Stock Exchange</h3>With a market cap of $7.19 trillion, the Shanghai Stock Exchange (SSE) is the third-largest stock exchange in the world. It is located in Shanghai, a futuristic city in China. It is Asia's biggest stock exchange in terms of market cap. It is not entirely open to foreign investors because of the Chinese government's policies. It is one of the three stock exchanges being operated in China, the world's second-largest economy.<h3>Tokyo Stock Exchange</h3>With a market cap of $6.7 trillion, the Tokyo Stock Exchange is the fourth-largest stock exchange in the world. It is also called Tosho, TSE, or TYO. It is located in Tokyo, Japan. It is owned by the Japan Exchange Group.<h3>National Stock Exchange</h3>With a market cap of $5.7 trillion, India's National Stock Exchange of India Limited, also known as the National Stock Exchange (NSE), is the 5th largest stock exchange in the world. It crossed the $5 trillion threshold in May 2024. It is located in Mumbai, India.<h3>Bombay Stock Exchange</h3>With a market cap of $5.5 trillion, BSE Limited, also known as the Bombay Stock Exchange (BSE), is Asia's oldest stock exchange. It is the tenth oldest in the world. It is the sixth-largest stock exchange in the world. It is located in Mumbai, India.

Stock markets are facilities where investors can trade shares. All major nations have stock exchanges, including India, the United States, and China. In total, there are 21 stock exchanges in the world with a market capitalization of over US $ 1 trillion.

Stock markets are facilities where investors can trade shares. All major nations have stock exchanges, including India, the United States, and China. In total, there are 21 stock exchanges in the world with a market capitalization of over US $ 1 trillion. Two of these stock exchanges are in India. But have you wondered which are the biggest stock exchanges in terms of market capitalization in the world? Well, Indian exchanges are in the list, but they are not the biggest. The biggest are in the United States and China, the world's largest economies in the world. Which are the world's largest stock exchanges in the world? New York Stock Exchange The New York Stock Exchange is the largest in the world in terms of market capitalization. It is located in the Financial District of Lower Manhattan in New York City. Its market cap exceeded $25 trillion last year. It is owned by an American company called Intercontinental Exchange. Its current market cap is $31.58 trillion. NASDAQ With a market cap of $30.61 trillion, the National Association of Securities Dealers Automated Quotations (NASDAQ) is the second-largest stock exchange in the world. It is also located in New York City. It is owned by NASDAQ Inc. It mainly lists technology firms and trades the stock of foreign firms. In this stock exchange, Chinese and Israeli firms are the largest foreign sources. Shanghai Stock Exchange With a market cap of $7.19 trillion, the Shanghai Stock Exchange (SSE) is the third-largest stock exchange in the world. It is located in Shanghai, a futuristic city in China. It is Asia's biggest stock exchange in terms of market cap. It is not entirely open to foreign investors because of the Chinese government's policies. It is one of the three stock exchanges being operated in China, the world's second-largest economy. Tokyo Stock Exchange With a market cap of $6.7 trillion, the Tokyo Stock Exchange is the fourth-largest stock exchange in the world. It is also called Tosho, TSE, or TYO. It is located in Tokyo, Japan. It is owned by the Japan Exchange Group. National Stock Exchange With a market cap of $5.7 trillion, India's National Stock Exchange of India Limited, also known as the National Stock Exchange (NSE), is the 5th largest stock exchange in the world. It crossed the $5 trillion threshold in May 2024. It is located in Mumbai, India. Bombay Stock Exchange With a market cap of $5.5 trillion, BSE Limited, also known as the Bombay Stock Exchange (BSE), is Asia's oldest stock exchange. It is the tenth oldest in the world. It is the sixth-largest stock exchange in the world. It is located in Mumbai, India.

India's Bombay Stock Exchange and National Stock Exchange are among the world's top stock exchanges in terms of market&nbsp;capitalization. Both have a market cap of over $ 5 trillion. Have you wondered which are the other four? Here's a look.

World's Top 6 stock exchanges include 2 Indian markets. Check full list

According to the data collated from the Tax Foundation and Pricewaterhouse Coopers, here is a list of the top 10 countries with the lowest Corporate Tax Rates in 2025.

According to the data collated from the Tax Foundation and Pricewaterhouse Coopers, here is a list of the top 10 countries with the lowest Corporate Tax Rates in 2025.

Global Corporate Tax 2025: Top 10 countries with the lowest corporate tax rates

Microsoft India (R&amp;D) has signed a 264,000 sq ft office lease in Hyderabad for R&amp;D expansion, marking one of the largest deals in the financial district. The global technology giant has signed a new five-year lease with managed workspace provider Table Space Technologies, set to begin on July 1, 2025, according to lease documents accessed via Propstack.&nbsp;As per the ET report, the agreement covers 264,000 sq ft across the third and fourth floors of the building, in which Microsoft will pay a base rent of Rs 1.77 crore at a rate of Rs 67 per sq ft. Including common area maintenance, operating expenses, capital expenditure and management fees, the total monthly expenditure of the company to touch Rs 5.4 crore per month or Rs 204 per sq ft.&nbsp;An annual escalation of 4.8% and a security deposit of Rs 42.15 crore for a 60-month lease are also covered in the agreement. Table Space has a registered lease pact with Phoenix Tech Zone. It acts as the sub-lessor for the company.Also read: <a href="https://www.wionews.com/photos/global-debt-2025-top-5-countries-with-the-highest-public-debt-to-gdp-ratios-1756036362415">Global Debt 2025: Top 5 countries with the highest public debt-to-GDP ratios</a><h3>Big boost for Microsoft</h3>This new lease by Microsoft marks a significant expansion of its Hyderabad footprint and shows the appeal of the city to large tech occupiers due to its talent infrastructure, availability, and cost advantage.&nbsp;In 1998, Microsoft first set up its India Development Centre in the city, making the largest R&amp;D base outside the US. The Gachibowli campus already acts as a spot for artificial intelligence, engineering, and cloud innovation.Also read: <a href="https://www.wionews.com/photos/global-gold-reserves-2025-top-countries-impact-economy-1755950962586">Global gold reserves 2025: Countries with highest gold reserves and how it impacts their economy</a>&nbsp;Its Gachibowli campus already serves as a hub for engineering, artificial intelligence, and cloud innovation. The new space at Phoenix Centaurus is expected to house additional R&amp;D teams and technology units. Meanwhile, additional R&amp;D teams and technology units are likely to get housed in the new space at Phoenix Centaurus.&nbsp;"Large tech occupiers continue to bet on Hyderabad due to its talent availability, infrastructure and cost advantage," said a senior workspace real estate consultant. "Transactions like this indicate that global corporations are not just consolidating but also expanding in the city, especially in premium Grade-A spaces," he said.&nbsp;

The agreement of 264,000 sq ft covers the third and fourth floors of the building, in which Microsoft will pay a rate of Rs 67 per sq ft at a base rent of Rs 1.77 crore, according to a lease document accessed via Propstack.

Microsoft India (R&D) has signed a 264,000 sq ft office lease in Hyderabad for R&D expansion, marking one of the largest deals in the financial district. The global technology giant has signed a new five-year lease with managed workspace provider Table Space Technologies, set to begin on July 1, 2025, according to lease documents accessed via Propstack. As per the ET report, the agreement covers 264,000 sq ft across the third and fourth floors of the building, in which Microsoft will pay a base rent of Rs 1.77 crore at a rate of Rs 67 per sq ft. Including common area maintenance, operating expenses, capital expenditure and management fees, the total monthly expenditure of the company to touch Rs 5.4 crore per month or Rs 204 per sq ft. An annual escalation of 4.8% and a security deposit of Rs 42.15 crore for a 60-month lease are also covered in the agreement. Table Space has a registered lease pact with Phoenix Tech Zone. It acts as the sub-lessor for the company. Also read: Global Debt 2025: Top 5 countries with the highest public debt-to-GDP ratios Big boost for Microsoft This new lease by Microsoft marks a significant expansion of its Hyderabad footprint and shows the appeal of the city to large tech occupiers due to its talent infrastructure, availability, and cost advantage. In 1998, Microsoft first set up its India Development Centre in the city, making the largest R&D base outside the US. The Gachibowli campus already acts as a spot for artificial intelligence, engineering, and cloud innovation. Also read: Global gold reserves 2025: Countries with highest gold reserves and how it impacts their economy Its Gachibowli campus already serves as a hub for engineering, artificial intelligence, and cloud innovation. The new space at Phoenix Centaurus is expected to house additional R&D teams and technology units. Meanwhile, additional R&D teams and technology units are likely to get housed in the new space at Phoenix Centaurus. "Large tech occupiers continue to bet on Hyderabad due to its talent availability, infrastructure and cost advantage," said a senior workspace real estate consultant. "Transactions like this indicate that global corporations are not just consolidating but also expanding in the city, especially in premium Grade-A spaces," he said.

The agreement of 264,000 sq ft covers the third and fourth floors of the building, in which Microsoft will pay a rate of Rs 67 per sq ft at a base rent of Rs 1.77 crore, according to a lease document accessed via Propstack.

Microsoft cracks one of Hyderabad’s largest office deals, leasing 264k sq ft for R&D at THIS whopping amount

The Bombay Stock Exchange (BSE) Sensex on Friday lost 693 points and closed at 81,306. The Nifty 50 index closed at 24870, losing 213 points. Bank Nifty index lost 606 points, finishing at 55149. The Indian stock market dropped drastically after a six-day surge due to panic selling ahead of Jerome Powell's speech as the Chair of the Federal Reserve of the United States. However, experts believe that Monday could see a massive reversal, as global investor sentiment has improved after Powell's speech at the Jackson Hole Symposium.<h2>Here are the factors that can impact the Indian stock market</h2><h3>US Fed rate cut hope</h3>After the annual gala of the American Central Banks, hopes of a US Fed rate cut this year revived, which put US dollar rates under pressure. Experts have predicted that FII (Foreign Institutional&nbsp;Investors) selling is likely, which can trigger bullish sessions.Experts said Powell's speech, the US Fed rate cut, sluggish dollar can affect the Indian stock market this week.&nbsp;Sugandha Sachdeva, Founder of SS WealthStreet, told Mint that the market will open on a positive note. It is because in the address, Jerome Powell gave a signal that a rate cut is imminent. Sachdeva said that due to the rising risks of a weakening US job market, Powell conceded the possibility of shifting the Fed’s monetary policy stance to support employment and growth.&nbsp;Anuj Gupta, Director at Ya Wealth, told the paper that after the Jackson Hole Symposium, the Indian market is expected to follow the global cues. He said that the international market is expecting a US Fed rate cut of 25 basis points. He, however, said that despite this buzz, the Nifty 50 might not be able to cross the 25,250-25,300 hurdle.<h3>FIIs, geopolitical tensions, and RBI rate cut hopes</h3>Gupta also said that he is expecting a pause in the selling of FIIs. He said such investors have been selling in the Indian stock market. However, with the US Fed rate cut buzz, there could be a pause. He said that the rate cut has put bond yield and dollar under pressure, which can trigger a pause in FII selling. While FIIs' outflow last week was Rs 1559.51 crore, DIIs' inflow was Rs 10,388.23 crore.&nbsp;There is a buzz of an RBI rate cut as well, which could affect the market. There is speculation that the RBI could consider a 25-bps rate cut.&nbsp;Gupta, however, said there is uncertainty&nbsp;over the Russia-Ukraine war despite hopes of a Donald Trump-Vladimir Putin-Volodymyr&nbsp;Zelensky meeting. Any change in these conditions could change the market dynamics, he added.

The Bombay Stock Exchange (BSE) Sensex on Friday lost 693 points and closed at 81,306. The Nifty 50 index closed at 24870, losing 213 points. Bank Nifty index lost 606 points, finishing at 55149.

The Bombay Stock Exchange (BSE) Sensex on Friday lost 693 points and closed at 81,306. The Nifty 50 index closed at 24870, losing 213 points. Bank Nifty index lost 606 points, finishing at 55149. The Indian stock market dropped drastically after a six-day surge due to panic selling ahead of Jerome Powell's speech as the Chair of the Federal Reserve of the United States. However, experts believe that Monday could see a massive reversal, as global investor sentiment has improved after Powell's speech at the Jackson Hole Symposium. Here are the factors that can impact the Indian stock market US Fed rate cut hope After the annual gala of the American Central Banks, hopes of a US Fed rate cut this year revived, which put US dollar rates under pressure. Experts have predicted that FII (Foreign Institutional Investors) selling is likely, which can trigger bullish sessions. Experts said Powell's speech, the US Fed rate cut, sluggish dollar can affect the Indian stock market this week. Sugandha Sachdeva, Founder of SS WealthStreet, told Mint that the market will open on a positive note. It is because in the address, Jerome Powell gave a signal that a rate cut is imminent. Sachdeva said that due to the rising risks of a weakening US job market, Powell conceded the possibility of shifting the Fed’s monetary policy stance to support employment and growth. Anuj Gupta, Director at Ya Wealth, told the paper that after the Jackson Hole Symposium, the Indian market is expected to follow the global cues. He said that the international market is expecting a US Fed rate cut of 25 basis points. He, however, said that despite this buzz, the Nifty 50 might not be able to cross the 25,250-25,300 hurdle. FIIs, geopolitical tensions, and RBI rate cut hopes Gupta also said that he is expecting a pause in the selling of FIIs. He said such investors have been selling in the Indian stock market. However, with the US Fed rate cut buzz, there could be a pause. He said that the rate cut has put bond yield and dollar under pressure, which can trigger a pause in FII selling. While FIIs' outflow last week was Rs 1559.51 crore, DIIs' inflow was Rs 10,388.23 crore. There is a buzz of an RBI rate cut as well, which could affect the market. There is speculation that the RBI could consider a 25-bps rate cut. Gupta, however, said there is uncertainty over the Russia-Ukraine war despite hopes of a Donald Trump-Vladimir Putin-Volodymyr Zelensky meeting. Any change in these conditions could change the market dynamics, he added.

On Friday, BSE, Nifty and Nifty 50 showed a massive slump. However, several factors can revive investor sentiment this week, sending the Indian stock market upwards. Here's what experts said about factors that can revive the Indian stock market.

US Fed rate cut, FII selling pause hopes: What can affect the Indian stock market?

Due to recent geopolitical uncertainties and the recent US tariffs declaration, the global debt levels have accelerated. The Fiscal Monitor’s debt-at-risk analysis projected that the worldwide public debt might surpass 117% of GDP by 2027.

Due to recent geopolitical uncertainties and the recent US tariffs declaration, the global debt levels have accelerated. The Fiscal Monitor’s debt-at-risk analysis projected that the worldwide public debt might surpass 117% of GDP by 2027.

Global Debt 2025: Top 5 countries with the highest public debt-to-GDP ratios

In countries where it intervened, the US had always advocated privatisation of their businesses. But two recent deals are making it look like the US is ‘nationalising’ its private sector—or at least entering business through the backdoor. How different is it from the free market ideals of the US? Here is a reality check.<h2>America, the land of the free market where government enters business through the backdoor?</h2>For all its preaching on privatisation—advising developing countries to keep their hands off the market or cheering on post-Soviet deregulation—America’s message was clear: government should never play entrepreneur.Come 2025, Uncle Sam (or should we say Donald Trump) seems to have dusted off his business suit, ready to sit at the corporate boardroom table.&nbsp;The recent government deals with Nvidia and Intel suggest that the US government, long averse to nationalisation, is now flirting with it.Add to that the reports suggesting the government may become some sort of player in keeping TikTok in the US, and you get the idea.None of this is happening through the front door.<a href="https://www.wionews.com/business-economy/nvidia-set-to-replace-intel-in-the-dow-jones-index-772924">Also read: Nvidia set to replace Intel in the Dow Jones Index</a><h2>What exactly is happening with Nvidia?</h2>This month, in a move that an authoritarian regime would envy, the Trump administration secured a 15 per cent revenue cut from Nvidia and AMD’s AI chip sales to China.In return, it granted them the golden ticket of export licences, after months of holding them back.This arrangement will affect chips like Nvidia’s H20 and AMD’s MI308. It's expected to add more than $2 billion to the US Treasury. Who needs taxes when you can just shake the corporates a little for profits?Critics are calling it an "unconstitutional export tax," while in practice it's a "pay-to-play" arrangement.&nbsp;It smacks of commercialising national security, with the government acting as a silent business partner—without actually investing a dime or breaking a sweat.<h2>Why is the Intel investment unusual for America?</h2>Intel, once the rock star of chip-making, has been struggling for some time. And an unlikely knight in shining armour has arrived: Donald Trump.The proposal is to transform some $10.9 billion in CHIPS Act grants into a 10 per cent equity stake for the government.This is basically another way of saying that the US government is going to become a major shareholder in a private company.Not quite socialism, right?The government explains this as support for domestic chip production, aligning with Trump’s “America First, Silicon Edition” policy.But it could also mean government intervention in Intel’s strategic decisions.<a href="https://www.wionews.com/business-economy/intel-faces-uncertain-future-amid-qualcomm-acquisition-talks-761023">Also read: Intel faces uncertain future amid Qualcomm acquisition talks</a><h2>State capitalism is bad when China does it, but nice when the US does it?</h2>The US has often scoffed at the 'state capitalism' of countries like China. Its officials raised concerns when the Chinese government took "golden shares" in private companies for strategic leverage.Now, it seems the US may be entering its own phase of state capitalism too.Experts are calling it a move divergent from America’s free-market ideals.These new arrangements open the door to bureaucratic interventions and a fresh wave of corporate lobbying.<h2>US government intervention in business is not new. Remember the financial crisis?</h2>The Nvidia and Intel deals do not reflect a government takeover of these businesses, at least not yet. But government interventions in business are not new—though still rare. The last most significant example was the ‘bailouts’ of the 2008 financial crisis.At the time, a very reluctant US government bought a 60 per cent stake in General Motors, later selling it at a $10 billion loss. It also took an 80 per cent stake in failing insurance giant AIG to stave off disaster.<a href="https://www.wionews.com/business-economy/intel-gets-2-billion-softbank-lifeline-as-chipmaker-struggles-for-ai-relevance-1755580359723">Also read: Intel gets $2 billion SoftBank lifeline as chipmaker struggles for AI relevance</a>&nbsp;Those were exceptional circumstances. But the current deals look more like business ventures, aimed at long-term strategic control of key sectors.There have been other, less-reported deals in recent months. For instance, the US Defence Department bought a $400 million stake in MP Materials in July.While free-market capitalism might still make for good PR, the US is now dabbling in the kind of state-run manoeuvring it once despised.The US government is no longer just regulating and monitoring the market—it’s entering it. With a chequebook.

The US government deals with chip makers Nvidia and Intel— taking revenue cuts and equity stakes- is raising questions about its avowed stance of keeping away from the markets. These moves echo China-style state capitalism. Here is why it matters

In countries where it intervened, the US had always advocated privatisation of their businesses. But two recent deals are making it look like the US is ‘nationalising’ its private sector—or at least entering business through the backdoor. How different is it from the free market ideals of the US? Here is a reality check. America, the land of the free market where government enters business through the backdoor? For all its preaching on privatisation—advising developing countries to keep their hands off the market or cheering on post-Soviet deregulation—America’s message was clear: government should never play entrepreneur. Come 2025, Uncle Sam (or should we say Donald Trump) seems to have dusted off his business suit, ready to sit at the corporate boardroom table. The recent government deals with Nvidia and Intel suggest that the US government, long averse to nationalisation, is now flirting with it. Add to that the reports suggesting the government may become some sort of player in keeping TikTok in the US, and you get the idea. None of this is happening through the front door. Also read: Nvidia set to replace Intel in the Dow Jones Index What exactly is happening with Nvidia? This month, in a move that an authoritarian regime would envy, the Trump administration secured a 15 per cent revenue cut from Nvidia and AMD’s AI chip sales to China. In return, it granted them the golden ticket of export licences, after months of holding them back. This arrangement will affect chips like Nvidia’s H20 and AMD’s MI308. It's expected to add more than $2 billion to the US Treasury. Who needs taxes when you can just shake the corporates a little for profits? Critics are calling it an "unconstitutional export tax," while in practice it's a "pay-to-play" arrangement. It smacks of commercialising national security, with the government acting as a silent business partner—without actually investing a dime or breaking a sweat. Why is the Intel investment unusual for America? Intel, once the rock star of chip-making, has been struggling for some time. And an unlikely knight in shining armour has arrived: Donald Trump. The proposal is to transform some $10.9 billion in CHIPS Act grants into a 10 per cent equity stake for the government. This is basically another way of saying that the US government is going to become a major shareholder in a private company. Not quite socialism, right? The government explains this as support for domestic chip production, aligning with Trump’s “America First, Silicon Edition” policy. But it could also mean government intervention in Intel’s strategic decisions. Also read: Intel faces uncertain future amid Qualcomm acquisition talks State capitalism is bad when China does it, but nice when the US does it? The US has often scoffed at the 'state capitalism' of countries like China. Its officials raised concerns when the Chinese government took "golden shares" in private companies for strategic leverage. Now, it seems the US may be entering its own phase of state capitalism too. Experts are calling it a move divergent from America’s free-market ideals. These new arrangements open the door to bureaucratic interventions and a fresh wave of corporate lobbying. US government intervention in business is not new. Remember the financial crisis? The Nvidia and Intel deals do not reflect a government takeover of these businesses, at least not yet. But government interventions in business are not new—though still rare. The last most significant example was the ‘bailouts’ of the 2008 financial crisis. At the time, a very reluctant US government bought a 60 per cent stake in General Motors, later selling it at a $10 billion loss. It also took an 80 per cent stake in failing insurance giant AIG to stave off disaster. Also read: Intel gets $2 billion SoftBank lifeline as chipmaker struggles for AI relevance Those were exceptional circumstances. But the current deals look more like business ventures, aimed at long-term strategic control of key sectors. There have been other, less-reported deals in recent months. For instance, the US Defence Department bought a $400 million stake in MP Materials in July. While free-market capitalism might still make for good PR, the US is now dabbling in the kind of state-run manoeuvring it once despised. The US government is no longer just regulating and monitoring the market—it’s entering it. With a chequebook.

The US government deals with chip makers Nvidia and Intel— taking revenue cuts and equity stakes- is raising questions about its avowed stance of keeping away from the markets. These moves echo China-style state capitalism. Here is why it matters

Nvidia, Intel deals with US govt: Is the Trump administration sneakily 'nationalising' firms in the name of capitalism?

As of mid-2025, the World Gold Council's rankings show the following trends US leads, India and the UAE are surging at a record pace. Here is the list of the countries with the highest gold reserves.

As of mid-2025, the World Gold Council's rankings show the following trends US leads, India and the UAE are surging at a record pace. Here is the list of the countries with the highest gold reserves.

Global gold reserves 2025: Countries with highest gold reserves and how it impacts their economy

Prime Minister Narendra Modi will visit China this month, weeks after the United States imposed tariffs on New Delhi for buying Russian oil and weapons. He will attend the Shanghai Cooperation Organisation Summit 2025. Here's a look at how much oil trade and China carried out with Russia, one of the United States' oldest strategic rivals, in July.&nbsp;The Centre for Research on Energy and Clean Air (CREA), a Finnish non-profit that focuses on revealing the trends, causes, and health impacts of air pollution, said in a July report that Russian monthly fossil fuel export revenues saw a 3% month-on-month decline.&nbsp;Russia has been withstanding crippling sanctions from Western countries, including the US, since it invaded Ukraine. Some US lawmakers have accused India of funding Moscow's war in Ukraine by buying Russian oil exports.&nbsp;<a href="https://www.wionews.com/business-economy/sco-summit-india-and-china-a-business-secret-you-probably-didn-t-know-1755950660213">Also read: SCO Summit: India and China, a business secret you probably didn't know</a>&nbsp;New Delhi says it is acting in its people's interests when it buys discounted Russian oil.&nbsp;CREA said in its July report that the five largest European Union importers of Russian fossil fuels paid Russia a total of EUR 1.1 bn for fossil fuel purchases. 67 per cent of this is natural gas, which isn't sanctioned by the EU.&nbsp;China is the largest international buyer of Russian fossil fuels in July 2025, accounting for 42 per cent of its monthly export earnings from the top five countries. 66 per cent of these imports were crude oil (EUR 4.1 billion).&nbsp;India remained the second-largest purchaser of Russian fossil fuels, importing fossil fuels worth EUR 3.5 bn. Crude oil accounted for 78% (EUR 2.7 bn) of these imports.&nbsp;Turkiye was the third-largest importer of Russian fossil fuels in July, contributing 21% (EUR 3.1 bn) of the total export earnings. However, its crude oil imports were one-third of its total imports from Russia.&nbsp;<a href="https://www.wionews.com/world/shanghai-cooperation-organisation-summit-how-much-do-member-nations-contribute-to-the-world-s-gdp-1755946170254">Also read: Shanghai Cooperation Organisation Summit: How much do member nations contribute to the world's GDP?</a>&nbsp;The EU was the fourth-largest buyer of Russian fossil fuels. Seventy percent of these imports were Russian LNG and gas via pipeline.&nbsp;Saudi Arabia bought EUR 489 mn of Russian fossil fuels in July -- most were oil products.&nbsp;The US singled India out when it comes to tariffs for purchasing Russian oil products.

Prime Minister Narendra Modi will visit China this month, weeks after the United States imposed tariffs on New Delhi for buying Russian oil and weapons. 

Prime Minister Narendra Modi will visit China this month, weeks after the United States imposed tariffs on New Delhi for buying Russian oil and weapons. He will attend the Shanghai Cooperation Organisation Summit 2025. Here's a look at how much oil trade and China carried out with Russia, one of the United States' oldest strategic rivals, in July. The Centre for Research on Energy and Clean Air (CREA), a Finnish non-profit that focuses on revealing the trends, causes, and health impacts of air pollution, said in a July report that Russian monthly fossil fuel export revenues saw a 3% month-on-month decline. Russia has been withstanding crippling sanctions from Western countries, including the US, since it invaded Ukraine. Some US lawmakers have accused India of funding Moscow's war in Ukraine by buying Russian oil exports. Also read: SCO Summit: India and China, a business secret you probably didn't know New Delhi says it is acting in its people's interests when it buys discounted Russian oil. CREA said in its July report that the five largest European Union importers of Russian fossil fuels paid Russia a total of EUR 1.1 bn for fossil fuel purchases. 67 per cent of this is natural gas, which isn't sanctioned by the EU. China is the largest international buyer of Russian fossil fuels in July 2025, accounting for 42 per cent of its monthly export earnings from the top five countries. 66 per cent of these imports were crude oil (EUR 4.1 billion). India remained the second-largest purchaser of Russian fossil fuels, importing fossil fuels worth EUR 3.5 bn. Crude oil accounted for 78% (EUR 2.7 bn) of these imports. Turkiye was the third-largest importer of Russian fossil fuels in July, contributing 21% (EUR 3.1 bn) of the total export earnings. However, its crude oil imports were one-third of its total imports from Russia. Also read: Shanghai Cooperation Organisation Summit: How much do member nations contribute to the world's GDP? The EU was the fourth-largest buyer of Russian fossil fuels. Seventy percent of these imports were Russian LNG and gas via pipeline. Saudi Arabia bought EUR 489 mn of Russian fossil fuels in July -- most were oil products. The US singled India out when it comes to tariffs for purchasing Russian oil products.

Shanghai Cooperation Organisation (SCO) Summit: India or China - who buys more Russian oil exports?

SCO Summit: How much oil did China and India purchase from Russia in July?

Persistent Systems' CEO, Sandeep Kalra, has become the highest-paid CEO in the country with annual earnings of Rs 148 crore, which is twice his previous year's remuneration. Here's a list of the highest-paid executives in India.&nbsp;Pawan Munjal, Hero MotoCorp promoter and chairman, earned Rs 109 crore. His yearly remuneration&nbsp;is unchanged. The biggest change is seen in the yearly remuneration&nbsp;of Lakshmi Nandan Reddy Obul, the co-founder of Swiggy. Obul's salary package surged 14 times; he earned Rs 90 crore.&nbsp;According to Business Standard, BSE 200 companies paid remuneration of Rs 5,819.75 crore to their CEOs and directors.&nbsp;Murali K Divi, the CEO of Divi Laboratories, earned Rs 88 crore. He is fourth on the list.&nbsp;Swiggy Group CEO Sriharsha Majety earned Rs 76.6 crore, 11 times his salary in the financial year 2024.&nbsp;SN Subrahmanyan, Executive Chairman, Larsen and Toubro, earned Rs 76.3 crore. His remuneration&nbsp;jumped nearly 50 per cent. He had earned Rs 51.05 crore&nbsp;in the financial year 2024.&nbsp;Adani Enterprises Executive Director Vinay Prakash earned Rs 69.3 crore.&nbsp;&nbsp;Bajaj Auto’s Rajiv Bajaj earned Rs 58.6 crore, and Tech Mahindra’s Mohit Joshi earned Rs 53.9 crore.&nbsp;156 executives and directors earned Rs 10 crore in FY 2025. 399 executives earned between Rs 1 crore and Rs 10 crore.<h2>Who is Sandeep Kalra?</h2>Sandeep Kalra is the Executive Director and CEO of Persistent Systems. He has over 30 years of experience in the IT service industry.&nbsp;&nbsp;Sandeep Kalra is a graduate of the Indian Institute of Management, Calcutta. He spent over 16 years at HCL. He held leadership positions, including for outsourced Product Engineering, extending HCL Technologies' presence in Latin America and Canada, as well as leading the Pharmaceuticals vertical.&nbsp;He also worked at Symphony Teleca. He also led the 7,000+ member services business unit for HARMAN.

Persistent Systems' CEO, Sandeep Kalra, has become the highest-paid CEO in the country with annual earnings of Rs 148 crore, which is twice his previous year's remuneration.

Persistent Systems' CEO, Sandeep Kalra, has become the highest-paid CEO in the country with annual earnings of Rs 148 crore, which is twice his previous year's remuneration. Here's a list of the highest-paid executives in India. Pawan Munjal, Hero MotoCorp promoter and chairman, earned Rs 109 crore. His yearly remuneration is unchanged. The biggest change is seen in the yearly remuneration of Lakshmi Nandan Reddy Obul, the co-founder of Swiggy. Obul's salary package surged 14 times; he earned Rs 90 crore. According to Business Standard, BSE 200 companies paid remuneration of Rs 5,819.75 crore to their CEOs and directors. Murali K Divi, the CEO of Divi Laboratories, earned Rs 88 crore. He is fourth on the list. Swiggy Group CEO Sriharsha Majety earned Rs 76.6 crore, 11 times his salary in the financial year 2024. SN Subrahmanyan, Executive Chairman, Larsen and Toubro, earned Rs 76.3 crore. His remuneration jumped nearly 50 per cent. He had earned Rs 51.05 crore in the financial year 2024. Adani Enterprises Executive Director Vinay Prakash earned Rs 69.3 crore. Bajaj Auto’s Rajiv Bajaj earned Rs 58.6 crore, and Tech Mahindra’s Mohit Joshi earned Rs 53.9 crore. 156 executives and directors earned Rs 10 crore in FY 2025. 399 executives earned between Rs 1 crore and Rs 10 crore. Who is Sandeep Kalra? Sandeep Kalra is the Executive Director and CEO of Persistent Systems. He has over 30 years of experience in the IT service industry. Sandeep Kalra is a graduate of the Indian Institute of Management, Calcutta. He spent over 16 years at HCL. He held leadership positions, including for outsourced Product Engineering, extending HCL Technologies' presence in Latin America and Canada, as well as leading the Pharmaceuticals vertical. He also worked at Symphony Teleca. He also led the 7,000+ member services business unit for HARMAN.

Who earned the highest salary in FY 2025? BSE 200 companies paid remuneration of Rs 5,819.75 crore to their CEOs and directors. Here's a list of the highest-paid chief executive officers (CEO) and company directors.&nbsp;

In FY25, the highest salary was Rs 148 crore. Who earned it? List

The central government&nbsp;is mulling over eliminating the 12 per cent and 28 per cent Goods and Services Tax (GST) to ease the tax burden on the common man, to spur consumer spending, and economic growth. The Group of Ministers has approved the centre's proposal. However, the final decision will be made by the&nbsp;Goods and Services Tax (GST) Council. When is the council&nbsp;meeting?&nbsp;According to a statement, the Goods and Services Tax (GST) Council's 56th meeting will be held on September 3-4, where the government's decision can be ratified.&nbsp;An official memorandum issued by Arvind Shrivastava, Secretary to the Government of India and ex officio Secretary to the GST Council, said that the meeting would be organized on these dates.&nbsp;"The undersigned is directed to refer to the above subject and to convey that the 56th Meeting of the GST Council will be held on 3rd and 4th September, 2025," it added.&nbsp;It further added that the venue of the planned meeting and the agenda will be communicated soon.&nbsp;Prime Minister Narendra Modi announced during his Independence Day Speech that the people of the country would get a big gift on Diwali as the government was embarking on GST reform.&nbsp;The GST Council is a constitutional body responsible for making recommendations on issues related to the implementation of the Goods and Services Tax (GST) in India.&nbsp;The government has proposed to place the majority of goods and services under the&nbsp;12 per cent and 28 per cent GST slabs into 5 per cent and 18 per cent GST slabs, which will lower taxes significantly. A 40 percent tax will be charged on "sin goods", including tobacco products.&nbsp;Earlier this week, the Group of Ministers approved the Centre's proposal.&nbsp;"Everyone made suggestions over the proposals made by the Centre. Some states have a few observations. This has been referred to the GST Council. The Council will make a decision," Bihar Deputy Chief Minister Samrat Choudhary said on Thursday.

The central government is mulling over eliminating the 12 per cent and 28 per cent Goods and Services Tax (GST) to ease the tax burden on the common man, to spur consumer spending, and economic growth.

The central government is mulling over eliminating the 12 per cent and 28 per cent Goods and Services Tax (GST) to ease the tax burden on the common man, to spur consumer spending, and economic growth. The Group of Ministers has approved the centre's proposal. However, the final decision will be made by the Goods and Services Tax (GST) Council. When is the council meeting? According to a statement, the Goods and Services Tax (GST) Council's 56th meeting will be held on September 3-4, where the government's decision can be ratified. An official memorandum issued by Arvind Shrivastava, Secretary to the Government of India and ex officio Secretary to the GST Council, said that the meeting would be organized on these dates. "The undersigned is directed to refer to the above subject and to convey that the 56th Meeting of the GST Council will be held on 3rd and 4th September, 2025," it added. It further added that the venue of the planned meeting and the agenda will be communicated soon. Prime Minister Narendra Modi announced during his Independence Day Speech that the people of the country would get a big gift on Diwali as the government was embarking on GST reform. The GST Council is a constitutional body responsible for making recommendations on issues related to the implementation of the Goods and Services Tax (GST) in India. The government has proposed to place the majority of goods and services under the 12 per cent and 28 per cent GST slabs into 5 per cent and 18 per cent GST slabs, which will lower taxes significantly. A 40 percent tax will be charged on "sin goods", including tobacco products. Earlier this week, the Group of Ministers approved the Centre's proposal. "Everyone made suggestions over the proposals made by the Centre. Some states have a few observations. This has been referred to the GST Council. The Council will make a decision," Bihar Deputy Chief Minister Samrat Choudhary said on Thursday.

Goods and Services Tax news: The central government has proposed that two slabs of the GST will be abolished, and majority of goods and services in these slabs will be placed in the lower slabs.

Goods and Services Tax reforms: When is the GST Council meeting? Dates revealed

Do you know that if you have earned an income through online money games, you are liable to pay income&nbsp;tax? Here's an eye-opener&nbsp;for you. Under the law, any monetary gains are considered income and must be declared. Under Rule 12BA of the Income Tax Law, TDS needs to be deducted on every rupee you earn.&nbsp;Money earned through online games is taxable at a flat rate of 30 per cent. If a person's net taxable income is less than Rs 2.5 lakh, the reporting of such income is mandatory.&nbsp;Section 115BBJ of the Income-tax Act, 1961, mandates that such gains be taxed at 30 per cent with all surcharges and cesses. No basic exemption limit or rebates apply to such gains.&nbsp;All such transactions can be disclosed. However, only positive&nbsp;net winnings&nbsp;are taxed. These gaming&nbsp;platforms&nbsp;are obligated to deduct tax at source (TDS) on withdrawals.&nbsp;Declaring them is mandatory even if the overall income is below Rs 2.5 lakh.&nbsp;Chartered Accountant Mohit Gupta, Partner – PNAM &amp; Co LLP, told ET that even if the income is just Rs 10 from online money gaming, the income must be disclosed while filing the income tax return.&nbsp;"Yes, in this situation, an ITR will be required. Unlike regular income, winnings from online gaming are governed by a special regime under Section 115BBJ of the Income-tax Act. Such winnings are taxed at a flat rate of 30%, plus applicable surcharge and health &amp; education cess, without reference to the basic exemption limit or income slabs," he said.&nbsp;Even if the winnings are nominal, they are taxable. The reporting of these income tax earnings should be done under "Income from Other Sources".&nbsp;The disclosure of these incomes, even if nominal, must be done from a compliance perspective.&nbsp;The central government, meanwhile, has barred online money gaming. It passed a bill in the Parliament, which has become a law. The violators can be punished with a jail sentence of three years and fines up to Rs 1 crore or both.

Do you know that if you have earned an income through online money games, you are liable to pay income tax? Here's an eye-opener for you. Under the law, any monetary gains are considered income and must be declared.

Do you know that if you have earned an income through online money games, you are liable to pay income tax? Here's an eye-opener for you. Under the law, any monetary gains are considered income and must be declared. Under Rule 12BA of the Income Tax Law, TDS needs to be deducted on every rupee you earn. Money earned through online games is taxable at a flat rate of 30 per cent. If a person's net taxable income is less than Rs 2.5 lakh, the reporting of such income is mandatory. Section 115BBJ of the Income-tax Act, 1961, mandates that such gains be taxed at 30 per cent with all surcharges and cesses. No basic exemption limit or rebates apply to such gains. All such transactions can be disclosed. However, only positive net winnings are taxed. These gaming platforms are obligated to deduct tax at source (TDS) on withdrawals. Declaring them is mandatory even if the overall income is below Rs 2.5 lakh. Chartered Accountant Mohit Gupta, Partner – PNAM & Co LLP, told ET that even if the income is just Rs 10 from online money gaming, the income must be disclosed while filing the income tax return. "Yes, in this situation, an ITR will be required. Unlike regular income, winnings from online gaming are governed by a special regime under Section 115BBJ of the Income-tax Act. Such winnings are taxed at a flat rate of 30%, plus applicable surcharge and health & education cess, without reference to the basic exemption limit or income slabs," he said. Even if the winnings are nominal, they are taxable. The reporting of these income tax earnings should be done under "Income from Other Sources". The disclosure of these incomes, even if nominal, must be done from a compliance perspective. The central government, meanwhile, has barred online money gaming. It passed a bill in the Parliament, which has become a law. The violators can be punished with a jail sentence of three years and fines up to Rs 1 crore or both.

The Income Tax rules say such money should be taxed. Taxpayers must declared such earnings under the head Income From Other Sources. Here's what the Income Tax rules say about earning money through online money games.&nbsp;

Is money earned through online gaming taxable under Income Tax rules?

Fixed deposits&nbsp;are a great financial instrument for short-term savings. These provide fixed returns and also keep your invested money safe. Their utility increases during market volatility, when other modes of investment become riskier. However, before you open your fixed deposit&nbsp;accounts, you must compare the interest rates leading banks offer. This is because most banks offer different rates for their services. A marginal difference in interest rates can affect your returns. For instance, 0.5 per cent on a fixed deposit of Rs 10 lakh can set you back by Rs 5000 in one year.<h2>Here's a list of banks offering the highest fixed deposit rates for FDs with a one-year term.</h2><h3>HDFC Bank</h3>HDFC Bank offers an interest rate of 6.25 per cent on fixed deposits with a one-year term. Senior citizens get more returns. Their FD attracts a 6.75 per cent per annum return for the FD of one-year term.<h3>ICICI Bank</h3>ICICI Bank is also a major private player in the Indian banking space. It offers a 6.25 per cent interest rate for an FD of one year. Senior citizens get 6.75 per cent interest for a one-year FD.<h3>Union Bank of India</h3>Union Bank of India offers 6.40 per cent interest for fixed deposits for a one-year term. Senior citizens get FD interests for a one-year term at 6.90 per cent.<h3>State Bank of India</h3>State Bank of India (SBI) is the largest lender and bank in India. It offers a handsome 6.25 per cent interest on fixed deposits&nbsp;for a year. Senior citizens get an interest rate of 6.75 per cent for a one-year fixed deposit.<h3>Kotak Mahindra Bank</h3>Kotak Mahindra Bank's FD rates are similar to those of the State Bank of India. It offers 6.25 per cent for regular citizens for a one-year FD. For senior citizens, the rates are 6.75 per cent.<h3>Federal Bank</h3>Federal Bank offers the highest returns on FDs. This private bank offers 6.40 per cent and 6.90 per cent interest on one-year fixed deposits to regular and senior citizens.

Fixed deposits are a great financial instrument for short-term savings. These provide fixed returns and also keep your invested money safe. 

Fixed deposits are a great financial instrument for short-term savings. These provide fixed returns and also keep your invested money safe. Their utility increases during market volatility, when other modes of investment become riskier. However, before you open your fixed deposit accounts, you must compare the interest rates leading banks offer. This is because most banks offer different rates for their services. A marginal difference in interest rates can affect your returns. For instance, 0.5 per cent on a fixed deposit of Rs 10 lakh can set you back by Rs 5000 in one year. Here's a list of banks offering the highest fixed deposit rates for FDs with a one-year term. HDFC Bank HDFC Bank offers an interest rate of 6.25 per cent on fixed deposits with a one-year term. Senior citizens get more returns. Their FD attracts a 6.75 per cent per annum return for the FD of one-year term. ICICI Bank ICICI Bank is also a major private player in the Indian banking space. It offers a 6.25 per cent interest rate for an FD of one year. Senior citizens get 6.75 per cent interest for a one-year FD. Union Bank of India Union Bank of India offers 6.40 per cent interest for fixed deposits for a one-year term. Senior citizens get FD interests for a one-year term at 6.90 per cent. State Bank of India State Bank of India (SBI) is the largest lender and bank in India. It offers a handsome 6.25 per cent interest on fixed deposits for a year. Senior citizens get an interest rate of 6.75 per cent for a one-year fixed deposit. Kotak Mahindra Bank Kotak Mahindra Bank's FD rates are similar to those of the State Bank of India. It offers 6.25 per cent for regular citizens for a one-year FD. For senior citizens, the rates are 6.75 per cent. Federal Bank Federal Bank offers the highest returns on FDs. This private bank offers 6.40 per cent and 6.90 per cent interest on one-year fixed deposits to regular and senior citizens.

Fixed deposits are a great way to save money. However, most banks offer different rates for their services. Here are the name of some banks that provide the highest interest rates.&nbsp;

Which banks offer the highest interest on one-year FDs? HDFC, SBI, ICICI rates

The central government has increased the fees for the renewal of registration for older vehicles. The move aims to discourage the renewal of vehicle registration for vehicles older than 15 years.&nbsp;According to reports, the fee for renewing registration for vehicles older than 15 years has become twice as expensive. The draft amendment was finalized on Thursday.&nbsp;For motorcycles older than 20 years, the renewal of the certificate of registration now costs Rs 2000. The fee was Rs 1000. For three-wheelers, the fee has been increased from Rs 3500 to Rs 5000.&nbsp;The cost of renewal of such imported two-wheelers or three-wheelers has been increased to Rs 20000. The fee for old imported cars has been increased to Rs 80000. Earlier, this fee was Rs 10000 and Rs 40000 for imported motorcycles and cars.&nbsp;A ministry&nbsp;official told News18 that the government wants to discourage the use of vehicles manufactured before the introduction of BS-II emission norms. It is because the government wants to bring vehicular pollution under control.&nbsp;The Supreme Court recently barred authorities from taking coercive action against petrol vehicles over 15 years old and diesel vehicles over 10 years old in Delhi and its surrounding areas.&nbsp;&nbsp;Here's the list of renewable fees. Motorcycle: Rs 2,000Three-wheeler/Quadricycle: Rs 5,000Light motor vehicle: Rs 10,000Imported motor vehicle (2 or 3 wheels): Rs 20,000Imported motor vehicle (4 or more wheels): Rs 80,000Other vehicles: Rs 12,000&nbsp;These fees don't include Goods and Services Tax (GST). Vehicles older than 15 years can be registered for up to 20 years from the date of first registration.

The central government has increased the fees for the renewal of vehicle registration for older vehicles. The move aims to discourage the renewal of vehicle registration for vehicles older than 15 years.

The central government has increased the fees for the renewal of registration for older vehicles. The move aims to discourage the renewal of vehicle registration for vehicles older than 15 years. According to reports, the fee for renewing registration for vehicles older than 15 years has become twice as expensive. The draft amendment was finalized on Thursday. For motorcycles older than 20 years, the renewal of the certificate of registration now costs Rs 2000. The fee was Rs 1000. For three-wheelers, the fee has been increased from Rs 3500 to Rs 5000. The cost of renewal of such imported two-wheelers or three-wheelers has been increased to Rs 20000. The fee for old imported cars has been increased to Rs 80000. Earlier, this fee was Rs 10000 and Rs 40000 for imported motorcycles and cars. A ministry official told News18 that the government wants to discourage the use of vehicles manufactured before the introduction of BS-II emission norms. It is because the government wants to bring vehicular pollution under control. The Supreme Court recently barred authorities from taking coercive action against petrol vehicles over 15 years old and diesel vehicles over 10 years old in Delhi and its surrounding areas. Here's the list of renewable fees. Motorcycle: Rs 2,000 Three-wheeler/Quadricycle: Rs 5,000 Light motor vehicle: Rs 10,000 Imported motor vehicle (2 or 3 wheels): Rs 20,000 Imported motor vehicle (4 or more wheels): Rs 80,000 Other vehicles: Rs 12,000 These fees don't include Goods and Services Tax (GST). Vehicles older than 15 years can be registered for up to 20 years from the date of first registration.

The move is taken after the Supreme Court barred the authorities from taking coercive actions against owners of vehicles older than 15 years.

Registration fees for vehicles older than 15 years increased. Check list

Union minister Jyotiraditya Scindia announced&nbsp;the nationwide rollout of Advanced Postal Technology (APT) by India Post Office. He described the move as a historic leap in India's digital journey.&nbsp;"Backed by an investment of Rs 5800 Cr under IT 2.0, APT will transform India Post into a world-class public logistics organisation," he wrote on X. He said the Advanced Postal Technology will help the country chart the path of Digital India.<h2>India Post launches APT under IT 2.0: Key features, use</h2><h3>What is India Post IT 2.0?</h3>The central government said that the move is part of the department's modernisation journey of its 1.65 lakh post offices. It will increase the swiftness, reliability of the postal and financial services.&nbsp;The Advanced Postal Technology (APT) is an application developed by the&nbsp;Centre for Excellence in Postal Technology (CEPT). The application is hosted by the Government of India's MeghRaj 2.0 cloud platform and supported by BSNL's connectivity.&nbsp;This technology platform will help the postal service to support digital transactions and accept UPI payments for services from customers of any bank.&nbsp;Before this, UPI transactions of only accounts of India Post Payments Bank were supported for the purchase of postal services.<h3>New features for customers</h3>The features are: It has a single user interface. It is cloud-ready. It provides an end-to-end solution, from booking to delivery. It includes QR-code payments and OTP-based delivery services. To enhance the accuracy of digital payments, a 10-digit alphanumeric DIGIPIN will be used. This service handled 32 lakh bookings and 37 lakh deliveries in a single day using the service.<h3>How will it help customers?</h3>Users will now be able to make digital payments after scanning QR codes. It will allow cashless transactions for several services, including speed post, registered post, parcels, international mail, and electronic money orders.<h3>How has the APT system helped improve postal services</h3>The APT system has improved the speed of the transaction and overall payment experience. The Communications Ministry said in the release: "The APT system is now delivering notable improvements in transaction speed, digital payment integration, real-time tracking, and overall user experience. On 05.08.2025, more than 20 lakh articles were booked and more than 25 lakh articles were delivered through the new application across India".

Union minister Jyotiraditya Scindia announced the nationwide rollout of Advanced Postal Technology (APT) by India Post Office. He described the move as a historic leap in India's digital journey.

Union minister Jyotiraditya Scindia announced the nationwide rollout of Advanced Postal Technology (APT) by India Post Office. He described the move as a historic leap in India's digital journey. "Backed by an investment of Rs 5800 Cr under IT 2.0, APT will transform India Post into a world-class public logistics organisation," he wrote on X. He said the Advanced Postal Technology will help the country chart the path of Digital India. India Post launches APT under IT 2.0: Key features, use What is India Post IT 2.0? The central government said that the move is part of the department's modernisation journey of its 1.65 lakh post offices. It will increase the swiftness, reliability of the postal and financial services. The Advanced Postal Technology (APT) is an application developed by the Centre for Excellence in Postal Technology (CEPT). The application is hosted by the Government of India's MeghRaj 2.0 cloud platform and supported by BSNL's connectivity. This technology platform will help the postal service to support digital transactions and accept UPI payments for services from customers of any bank. Before this, UPI transactions of only accounts of India Post Payments Bank were supported for the purchase of postal services. New features for customers The features are: It has a single user interface. It is cloud-ready. It provides an end-to-end solution, from booking to delivery. It includes QR-code payments and OTP-based delivery services. To enhance the accuracy of digital payments, a 10-digit alphanumeric DIGIPIN will be used. This service handled 32 lakh bookings and 37 lakh deliveries in a single day using the service. How will it help customers? Users will now be able to make digital payments after scanning QR codes. It will allow cashless transactions for several services, including speed post, registered post, parcels, international mail, and electronic money orders. How has the APT system helped improve postal services The APT system has improved the speed of the transaction and overall payment experience. The Communications Ministry said in the release: "The APT system is now delivering notable improvements in transaction speed, digital payment integration, real-time tracking, and overall user experience. On 05.08.2025, more than 20 lakh articles were booked and more than 25 lakh articles were delivered through the new application across India".

India Post launches APT under IT 2.0 was launched by Jyotiraditya Scindia on August 19. Advanced Postal Technology allows digital transactions for postal services, enhancing the payment experience.

India Post launches APT under IT 2.0: How will it improve India's postal services

A Sebi enforcement team raided the house of trader and market influencer Avadhut Sathe in Maharashtra's Karjat. Sathe was under Sebi's scanner for months. The operation began on Wednesday morning and went on till Thursday evening, after which his digital devices and trading data were seized for forensic analysis. The action was reportedly carried out to send a signal that the market regulator would&nbsp;act against those who mislead retail traders under the garb of financial education.<h2>Who is Avadhut Sathe?</h2>Avadhut Sathe is a Pune-based financial influencer. He is known for imparting trading lessons to budding retail traders who want to earn money from the stock market. He is well-known for his unique style of delivering their lectures.&nbsp;He is a flamboyant&nbsp;market coach who would often start dancing in his videos. He offers courses in Hindi, Marathi, and English, and has trained around 18000 people about the nitty-gritties of the stock market.<h3>Avadhut Sathe: From a middle-class background to fame</h3>Most of his target audience is people from middle-class backgrounds. Sathe, 52, is an engineer. He, however, is a trader by passion.&nbsp;He once told ET that a financial war had been underway in which traders could be a person's biggest weapon.&nbsp;He was born in a chawl in central Mumbai's&nbsp;Dadar.&nbsp;He worked as a software engineer and lived in Singapore, Australia,&nbsp;and the United States. He later returned to India.<h3>Avadhut Sathe Trading Academy&nbsp;</h3>He began investing and lost money during the initial trading sessions. He left his job in 2007 and became a full-time trader and teacher.&nbsp;He later started Avadhut Sathe Trading Academy (ASTA), which has trained thousands of people across India. His teaching course involves four modules of one month each. Each is priced at Rs 18,000.&nbsp;He later forayed into social media influencing. He has garnered a following of 9.36 lakhs subscribers on YouTube.



A Sebi enforcement team raided the house of trader and market influencer Avadhut Sathe in Maharashtra's Karjat. 

A Sebi enforcement team raided the house of trader and market influencer Avadhut Sathe in Maharashtra's Karjat. Sathe was under Sebi's scanner for months. The operation began on Wednesday morning and went on till Thursday evening, after which his digital devices and trading data were seized for forensic analysis. The action was reportedly carried out to send a signal that the market regulator would act against those who mislead retail traders under the garb of financial education. Who is Avadhut Sathe? Avadhut Sathe is a Pune-based financial influencer. He is known for imparting trading lessons to budding retail traders who want to earn money from the stock market. He is well-known for his unique style of delivering their lectures. He is a flamboyant market coach who would often start dancing in his videos. He offers courses in Hindi, Marathi, and English, and has trained around 18000 people about the nitty-gritties of the stock market. Avadhut Sathe: From a middle-class background to fame Most of his target audience is people from middle-class backgrounds. Sathe, 52, is an engineer. He, however, is a trader by passion. He once told ET that a financial war had been underway in which traders could be a person's biggest weapon. He was born in a chawl in central Mumbai's Dadar. He worked as a software engineer and lived in Singapore, Australia, and the United States. He later returned to India. Avadhut Sathe Trading Academy He began investing and lost money during the initial trading sessions. He left his job in 2007 and became a full-time trader and teacher. He later started Avadhut Sathe Trading Academy (ASTA), which has trained thousands of people across India. His teaching course involves four modules of one month each. Each is priced at Rs 18,000. He later forayed into social media influencing. He has garnered a following of 9.36 lakhs subscribers on YouTube.

Who is Avadhut Sathe? He is a software engineer-turned-trading guru who quit his job to become a full-time trader. He runs a trading education platform. He is also very popular on YouTube with over nine lakh subscribers.&nbsp;

Who is Avadhut Sathe, trading guru under Sebi's radar?

Are you still waiting for the fourth stimulus cheques? Here's what we know. Speculation of the fourth stimulus cheques of $2,000 has surfaced on the Internet. However, there is no official confirmation about this from the Internal Revenue Service (IRS) or the US Congress.<h2>History of stimulus cheques: Will you get it this year?</h2>Three stimulus cheques have been issued. The first stimulus cheque was for up to $1,200 for individuals and $2,400 for married couples, plus $500 per qualifying child under the age of 17. The second was for $600 per individual and $600 per qualifying child. The&nbsp;third was for $1400 per individual or married couple and $1400 for dependents. The deadline for the third such checks was April 15, 2025. The IRS has said in a statement that the claims were false.&nbsp;As of now, the IRS said, there was no recovery rebate for taxpayers to claim. It said it was because no formal legislation had been passed by Congress. The confusion was caused because people mistook it for a recovery rebate credit on 2021 tax returns as additional stimulus payments.<h2>Who can return a federal tax refund on taxes?</h2>The official US website of the US Department of the Treasury says a taxpayer with AGI of up to $75,000 for singles is eligible for the tax credit. For households, the amount is $112,500. For married couples, the amount is $150,000.&nbsp;The refund status can be checked on the IRS's "Where's My Refund" online portal. A person can access their account after entering their Social Security Number, filing status, and refund amount. It can be done 24 hours after filing returns.&nbsp;Taxpayers can also reach out to the IRS at 800-829-1954 phone number.&nbsp;James Fishback, CEO OF Arizona Investment, claimed that DOGE had saved up to $2 trillion, and around 20 per cent of the amount could be reimbursed to taxpayers. Elon Musk and Donald Trump had reportedly backed the idea. However, there is no confirmation from the authorities that the masses would get the money.&nbsp;&nbsp;

Are you still waiting for the fourth stimulus cheques? Here's what we know. Speculation of the fourth stimulus cheques of $2,000 has surfaced on the Internet. However, there is no official confirmation about this from the Internal Revenue Service (IRS) or the US Congress.

Are you still waiting for the fourth stimulus cheques? Here's what we know. Speculation of the fourth stimulus cheques of $2,000 has surfaced on the Internet. However, there is no official confirmation about this from the Internal Revenue Service (IRS) or the US Congress. History of stimulus cheques: Will you get it this year? Three stimulus cheques have been issued. The first stimulus cheque was for up to $1,200 for individuals and $2,400 for married couples, plus $500 per qualifying child under the age of 17. The second was for $600 per individual and $600 per qualifying child. The third was for $1400 per individual or married couple and $1400 for dependents. The deadline for the third such checks was April 15, 2025. The IRS has said in a statement that the claims were false. As of now, the IRS said, there was no recovery rebate for taxpayers to claim. It said it was because no formal legislation had been passed by Congress. The confusion was caused because people mistook it for a recovery rebate credit on 2021 tax returns as additional stimulus payments. Who can return a federal tax refund on taxes? The official US website of the US Department of the Treasury says a taxpayer with AGI of up to $75,000 for singles is eligible for the tax credit. For households, the amount is $112,500. For married couples, the amount is $150,000. The refund status can be checked on the IRS's "Where's My Refund" online portal. A person can access their account after entering their Social Security Number, filing status, and refund amount. It can be done 24 hours after filing returns. Taxpayers can also reach out to the IRS at 800-829-1954 phone number. James Fishback, CEO OF Arizona Investment, claimed that DOGE had saved up to $2 trillion, and around 20 per cent of the amount could be reimbursed to taxpayers. Elon Musk and Donald Trump had reportedly backed the idea. However, there is no confirmation from the authorities that the masses would get the money.

The IRS has denied the rumours of another stimulus cheque. The official US website of the US Department of the Treasury says a taxpayer with AGI of up to $75,000 for singles is eligible for the tax credit, but not stimulus cheque was offered.

Still waiting for the fourth stimulus cheques? Here's what the IRS says

The artificial intelligence boom, fuelled by the overvaluation of AI stocks and heavy promotion by experts, industry insiders, and investors like Bill Gates, is beginning to crack. Soaring computing costs are not matching returns on investment (ROI). Experts now warn that we are living in an era much like the dot-com bubble of the late 1990s, which burst at the start of this millennium. Will the AI crash hit in 2026? Who will survive it? Here's what you should know.Also read: <a href="https://www.wionews.com/business-economy/nvidia-to-resume-h20-ai-chip-sales-to-china-following-us-policy-reversal-1752578149833">Nvidia to resume H20 AI chip sales to China following US policy reversal</a><h2>AI boom is starting to crack – AI stocks are already falling</h2>Between 2020 and 2025, the AI sector attracted enormous media attention and capital. The frenzy drew comparisons to the dot-com boom. But recent developments suggest that this period of irrational exuberance may soon face a sharp reality check.The stock of AI chip giant Nvidia — the poster child of the AI hardware boom — dropped by nearly 7.4 per cent over two consecutive days. This same stock had surged over 3,000 per cent in recent years. The fall reflects a wave of investor scepticism. CoreWeave, one of Nvidia’s cloud computing partners, lost 33 per cent of its value in just two days, wiping out $24 billion in market capitalisation.<h2>What triggered fears of an AI industry collapse?</h2>A mix of disappointing AI product updates and poor business returns has raised concerns. The underwhelming response to GPT-5, the latest iteration of ChatGPT, is one example. But the bigger shock came from a recent MIT study that found 95 per cent of enterprise generative AI projects had delivered no measurable return on investment.<h2>What the MIT study revealed about AI startups</h2>The MIT study analysed 300 enterprise AI initiatives, conducted 150 executive interviews, and surveyed 350 employees. It found that only 5 per cent of new AI deployments had delivered tangible business value. Many initiatives were misaligned with actual business needs, prioritising flashy features over cost-saving or efficiency—supposedly AI’s core strengths. Internally developed systems failed more often than vendor-supplied solutions, suggesting poor planning, integration, and execution in many companies.<h2>Sam Altman and others warn of overvaluation</h2>Recently, Sam Altman, CEO of OpenAI, publicly compared today’s AI fervour to the dot-com bubble. He warned of "overexuberant investment."Torsten Sløk of Apollo Global Management added that AI valuations are “more extreme than during the dot-com era,” with vastly greater speculative capital at risk.Also read: <a href="https://www.wionews.com/world/-chatgpt-hallucinates-don-t-over-rely-on-it-openai-ceo-sam-altman-warns-users-1751366853229">‘ChatGPT ‘hallucinates’, don’t overrely on it,’ OpenAI CEO Sam Altman warns users</a>&nbsp;<h2>Valuations far exceed real earnings</h2>AI companies are being valued at levels far above their actual revenue. OpenAI is reportedly valued at $157 billion — roughly 40 times its estimated annual income. Anthropic is targeting a 50× valuation. Deutsche Bank has warned that these levels are unsustainable and a sharp correction is likely.Also read: <a href="https://www.wionews.com/photos/how-will-openai-s-gpt-5-change-the-way-you-use-chatgpt-1754649832228">How will OpenAI’s GPT-5 change the way you use ChatGPT?</a><h2>Computing and infrastructure costs could make ai startups unviable</h2>AI model training requires immense computing resources. Models like GPT-4 cost around $100 million to train. Since 2016, training costs have doubled approximately every year.Environmental and infrastructure costs are also climbing. GPT-4 consumed around 50 GWh of energy during training. Water usage by AI data centres is projected to exceed 6.6 billion cubic metres per year by 2027—more than half of the UK’s annual water use.&nbsp;<a href="https://www.wionews.com/videos/shared-chatgpt-links-publicly-visible-in-google-search-1754072068804/embed">https://www.wionews.com/videos/shared-chatgpt-links-publicly-visible-in-google-search-1754072068804/embed</a><h2>Will the AI bust mirror the dot-com crash?</h2>A Financial Times analysis suggests that while a market shake-up is likely, today’s Big Tech firms—Amazon, Google, Microsoft—are built on strong earnings and operational capacity. They are better positioned to survive a downturn. The firms most at risk are small or mid-sized startups without deep financial reserves or real-world utility.<h2>Real-world use, not novelty, will determine survival</h2>As Bret Taylor, chairman of OpenAI, put it, only companies that deliver "real-world use" will persist. He noted that after the dot-com crash of 2000–2001, only those offering genuine utility, like Google and Amazon, survived.The AI boom may not be over, but it is entering a phase of correction and realism. The most optimistic view is that any “apocalypse” will ultimately consolidate the sector, leaving only a few serious players with sustainable models and deep pockets. &nbsp;

The Artificial Intelligence or AI industry is seeing a looming bust, similar to the dot-com crash. A recent study found that 95 per cent of generative AI pilots failed to deliver return on investment. Who will survive the crash?

The artificial intelligence boom, fuelled by the overvaluation of AI stocks and heavy promotion by experts, industry insiders, and investors like Bill Gates, is beginning to crack. Soaring computing costs are not matching returns on investment (ROI). Experts now warn that we are living in an era much like the dot-com bubble of the late 1990s, which burst at the start of this millennium. Will the AI crash hit in 2026? Who will survive it? Here's what you should know. Also read: Nvidia to resume H20 AI chip sales to China following US policy reversal AI boom is starting to crack – AI stocks are already falling Between 2020 and 2025, the AI sector attracted enormous media attention and capital. The frenzy drew comparisons to the dot-com boom. But recent developments suggest that this period of irrational exuberance may soon face a sharp reality check. The stock of AI chip giant Nvidia — the poster child of the AI hardware boom — dropped by nearly 7.4 per cent over two consecutive days. This same stock had surged over 3,000 per cent in recent years. The fall reflects a wave of investor scepticism. CoreWeave, one of Nvidia’s cloud computing partners, lost 33 per cent of its value in just two days, wiping out $24 billion in market capitalisation. What triggered fears of an AI industry collapse? A mix of disappointing AI product updates and poor business returns has raised concerns. The underwhelming response to GPT-5, the latest iteration of ChatGPT, is one example. But the bigger shock came from a recent MIT study that found 95 per cent of enterprise generative AI projects had delivered no measurable return on investment. What the MIT study revealed about AI startups The MIT study analysed 300 enterprise AI initiatives, conducted 150 executive interviews, and surveyed 350 employees. It found that only 5 per cent of new AI deployments had delivered tangible business value. Many initiatives were misaligned with actual business needs, prioritising flashy features over cost-saving or efficiency—supposedly AI’s core strengths. Internally developed systems failed more often than vendor-supplied solutions, suggesting poor planning, integration, and execution in many companies. Sam Altman and others warn of overvaluation Recently, Sam Altman, CEO of OpenAI, publicly compared today’s AI fervour to the dot-com bubble. He warned of "overexuberant investment." Torsten Sløk of Apollo Global Management added that AI valuations are “more extreme than during the dot-com era,” with vastly greater speculative capital at risk. Also read: ‘ChatGPT ‘hallucinates’, don’t overrely on it,’ OpenAI CEO Sam Altman warns users Valuations far exceed real earnings AI companies are being valued at levels far above their actual revenue. OpenAI is reportedly valued at $157 billion — roughly 40 times its estimated annual income. Anthropic is targeting a 50× valuation. Deutsche Bank has warned that these levels are unsustainable and a sharp correction is likely. Also read: How will OpenAI’s GPT-5 change the way you use ChatGPT? Computing and infrastructure costs could make ai startups unviable AI model training requires immense computing resources. Models like GPT-4 cost around $100 million to train. Since 2016, training costs have doubled approximately every year. Environmental and infrastructure costs are also climbing. GPT-4 consumed around 50 GWh of energy during training. Water usage by AI data centres is projected to exceed 6.6 billion cubic metres per year by 2027—more than half of the UK’s annual water use. https://www.wionews.com/videos/shared-chatgpt-links-publicly-visible-in-google-search-1754072068804/embed Will the AI bust mirror the dot-com crash? A Financial Times analysis suggests that while a market shake-up is likely, today’s Big Tech firms—Amazon, Google, Microsoft—are built on strong earnings and operational capacity. They are better positioned to survive a downturn. The firms most at risk are small or mid-sized startups without deep financial reserves or real-world utility. Real-world use, not novelty, will determine survival As Bret Taylor, chairman of OpenAI, put it, only companies that deliver "real-world use" will persist. He noted that after the dot-com crash of 2000–2001, only those offering genuine utility, like Google and Amazon, survived. The AI boom may not be over, but it is entering a phase of correction and realism. The most optimistic view is that any “apocalypse” will ultimately consolidate the sector, leaving only a few serious players with sustainable models and deep pockets.

What we're covering here: &nbsp;The Artificial Intelligence or AI industry is seeing a looming bust, similar to the dot-com crash. A recent study found that 95 per cent of generative AI pilots failed to deliver return on investment. Who will survive the crash?

AI APOCALYPSE is coming: The bubble of overvalued stocks, underperforming apps will burst soon, but who will survive?

Elon Musk's X has reached a tentative settlement with former employees of the platform, formerly known as Twitter, who had sued the company for $500 million in unpaid severance. The agreement was revealed in a court on Wednesday, where both parties requested to postpone the hearing to September 17, 2025. On Thursday, the San Francisco federal appeals court granted the request, allowing time to conclude the settlement.&nbsp;However, details of the settlement remain confidential. The lawsuit filed as a proposed class action by former Twitter employees Courtney McMillan and Ronald Cooper alleged that Twitter failed to pay legally owed severance packages to them and other terminated workers, according to a report by the Associated Press.&nbsp;Meanwhile, other lawsuits are still pending, including a separate case filed by Twitter executives, including ex-CEO Parag Agrawal.<h3>Why Elon Musk and former Twitter employees are fighting</h3>Elon Musk fired around 6,000 Twitter employees after the acquisition in 2022. In response, those staff sued the company over their terminations and severance pay. As per the lawsuit, a 2019 severance plan ensured basic pay for two months and one week off pay for each full year of service for most Twitter employees.&nbsp;The billionaire's mass layoffs at Twitter's workforce became a model of his months-long leadership of President Donald Trump’s Department of Government Efficiency, or DOGE, which eliminated tens of thousands of federal jobs earlier this year.&nbsp;An email to federal employees announcing a “deferred resignation offer”, allowing them to collect pay through September without working, was titled “Fork in the Road,” mirroring a message Musk had sent to Twitter staff in 2022.&nbsp;The protracted legal dispute of Elon Musk with over 2,000 former Twitter employees also points to the courtroom battles the Trump administration now faces over its federal workforce cuts, though under other circumstances.

The lawsuit was filed by former Twitter employees Courtney McMillan and Ronald Cooper, who alleged that Twitter failed to pay legally owed severance packages to them and other terminated workers

Elon Musk's X has reached a tentative settlement with former employees of the platform, formerly known as Twitter, who had sued the company for $500 million in unpaid severance. The agreement was revealed in a court on Wednesday, where both parties requested to postpone the hearing to September 17, 2025. On Thursday, the San Francisco federal appeals court granted the request, allowing time to conclude the settlement. However, details of the settlement remain confidential. The lawsuit filed as a proposed class action by former Twitter employees Courtney McMillan and Ronald Cooper alleged that Twitter failed to pay legally owed severance packages to them and other terminated workers, according to a report by the Associated Press. Meanwhile, other lawsuits are still pending, including a separate case filed by Twitter executives, including ex-CEO Parag Agrawal. Why Elon Musk and former Twitter employees are fighting Elon Musk fired around 6,000 Twitter employees after the acquisition in 2022. In response, those staff sued the company over their terminations and severance pay. As per the lawsuit, a 2019 severance plan ensured basic pay for two months and one week off pay for each full year of service for most Twitter employees. The billionaire's mass layoffs at Twitter's workforce became a model of his months-long leadership of President Donald Trump’s Department of Government Efficiency, or DOGE, which eliminated tens of thousands of federal jobs earlier this year. An email to federal employees announcing a “deferred resignation offer”, allowing them to collect pay through September without working, was titled “Fork in the Road,” mirroring a message Musk had sent to Twitter staff in 2022. The protracted legal dispute of Elon Musk with over 2,000 former Twitter employees also points to the courtroom battles the Trump administration now faces over its federal workforce cuts, though under other circumstances.

The lawsuit was filed by former Twitter employees Courtney McMillan and Ronald Cooper, who alleged that Twitter failed to pay legally owed severance packages to them and other terminated workers

Elon Musk’s X reaches tentative settlement in $500M severance lawsuit with former Twitter workers

The US dollar is one of the strongest currencies&nbsp;in the world because most of the global trade takes place by exchanging US dollars. Many other countries, including China, have been attempting to break the status quo. US President Donald Trump last month alleged that BRICS nations had been trying to challenge the supremacy of the US dollar in global trade. While the currencies of many countries can compare with the US dollar as far as their values are concerned, several&nbsp;nations' currencies are struggling with their values against the dollar impossibly low.<h2>Here's a list of countries with badly performing currencies</h2><h3>Lebanon</h3>Lebanon is in the midst of the Israel-Gaza war. The war has taken a toll on the Lebanese economy. Its currency, the Lebanese Pound, is very weak. One US dollar is equal to 89,953.94 Lebanese pounds. The country suffers from inflation, political issues, and the meltdown of the banking system. These factors have led to the downfall of the country's currency.<h3>Iran</h3>Iran is one of the biggest strategic rivals of the United States. It is also an enemy of US allies, including Israel. Iran's economy has been suffering from the US-led Western countries' sanctions. The country suffers from hyperinflation. It is one of the weakest currencies in the world. One US dollar fetches 42,050 Iranian rials.<h3>Vietnam</h3>Vietnamese Dong is another such country. The Southeast Asian nation is fast emerging as a manufacturing hub. It is also a tourism haven because of the cheaper cost of vacationing. However, its currency is very low compared to the US dollar. One US dollar equals&nbsp;26,432. It is a deliberate strategy as it wants to keep its exports competitive.<h3>Sierra Leone</h3>Sierra Leone's&nbsp;currency is valued very low. 22,500 leones equals one dollar. The African nation is afflicted with rickety infrastructure. It relies on mineral exports and is fraught with inflation. These economic issues lead to the currency's poor performance.<h3>Indonesia</h3>Indonesia is one of the countries in Southeast Asia that is doing well economically. However, its currency sells at 16,500 Rupiah per US dollar.

The US dollar is one of the strongest currencies in the world because most of the global trade takes place by exchanging US dollars. Many other countries, including China, have been attempting to break the status quo. 

The US dollar is one of the strongest currencies in the world because most of the global trade takes place by exchanging US dollars. Many other countries, including China, have been attempting to break the status quo. US President Donald Trump last month alleged that BRICS nations had been trying to challenge the supremacy of the US dollar in global trade. While the currencies of many countries can compare with the US dollar as far as their values are concerned, several nations' currencies are struggling with their values against the dollar impossibly low. Here's a list of countries with badly performing currencies Lebanon Lebanon is in the midst of the Israel-Gaza war. The war has taken a toll on the Lebanese economy. Its currency, the Lebanese Pound, is very weak. One US dollar is equal to 89,953.94 Lebanese pounds. The country suffers from inflation, political issues, and the meltdown of the banking system. These factors have led to the downfall of the country's currency. Iran Iran is one of the biggest strategic rivals of the United States. It is also an enemy of US allies, including Israel. Iran's economy has been suffering from the US-led Western countries' sanctions. The country suffers from hyperinflation. It is one of the weakest currencies in the world. One US dollar fetches 42,050 Iranian rials. Vietnam Vietnamese Dong is another such country. The Southeast Asian nation is fast emerging as a manufacturing hub. It is also a tourism haven because of the cheaper cost of vacationing. However, its currency is very low compared to the US dollar. One US dollar equals 26,432. It is a deliberate strategy as it wants to keep its exports competitive. Sierra Leone Sierra Leone's currency is valued very low. 22,500 leones equals one dollar. The African nation is afflicted with rickety infrastructure. It relies on mineral exports and is fraught with inflation. These economic issues lead to the currency's poor performance. Indonesia Indonesia is one of the countries in Southeast Asia that is doing well economically. However, its currency sells at 16,500 Rupiah per US dollar.

US President Donald Trump recently accused the BRICS nations of attempting to diminish the role of US dollar in global trade. The US dollar is one of the strongest currencies in the world. Here's a list of the weakest currencies compared with US dollar.

Nations with the weakest currencies against the US dollar

ESPN has launched a direct-to-consumer streaming service simply branded "ESPN", which will deliver a personalised experience like fans' own 'Sports Centre'. ESPN has also acquired NFL media assets, integrating the NFL's content into its streaming platform."One of the things I've always craved is a 'SportsCenter' that is tailored to me. So I'm [a fan of] Yankees, Giants, Knicks, Rangers, Notre Dame," ESPN chairman Pitaro told in an interview with ABC News.&nbsp;<h2>What does it mean for fans?</h2>The service is summed up by the chairman, Pitaro, as 'All of ESPN', and it is priced at $29.99 per month or $299.99 per year. There is a limited selection of content at a lower price of $11.99/month or $119.99/year. It will offer users access to 47,000 live events, 12 networks and the full slate of ESPN original programming.The streaming platform is focused on personalising experiences tailored to specific users, including the option to track fantasy teams, track four different games at the same time, and watch, bet at the same time. There is a new feature called &nbsp;"SportsCenter for You," which will include specific videos catering to user interests.&nbsp;<h2>ESPN's acquisition of the NFL</h2>ESPN has reached a nonbinding agreement with the NFL to acquire major media properties. These includes NFL Network, NFL Fantasy, and Red Zone, NFL has received 10 per cent equity ESPN. Furthermore, ESPN will integrate NFL within its streaming platfom. NFL will retain the digital rights via NFL and NFL Film. ESPN will gain the rights for licensing aditional NFL games total 28 NFL game slots per season, however NFL network will retain exclusive rights of eight games. This partnership will deepen ESPN's content offerings and revitalises NFL's network.&nbsp;

ESPN has launched its all-new streaming service and struck a landmark deal to acquire NFL Network, RedZone, and NFL Fantasy. Here’s what it means for fans, pricing, and the future of sports streaming.

ESPN has launched a direct-to-consumer streaming service simply branded "ESPN", which will deliver a personalised experience like fans' own 'Sports Centre'. ESPN has also acquired NFL media assets, integrating the NFL's content into its streaming platform. "One of the things I've always craved is a 'SportsCenter' that is tailored to me. So I'm [a fan of] Yankees, Giants, Knicks, Rangers, Notre Dame," ESPN chairman Pitaro told in an interview with ABC News. What does it mean for fans? The service is summed up by the chairman, Pitaro, as 'All of ESPN', and it is priced at $29.99 per month or $299.99 per year. There is a limited selection of content at a lower price of $11.99/month or $119.99/year. It will offer users access to 47,000 live events, 12 networks and the full slate of ESPN original programming. The streaming platform is focused on personalising experiences tailored to specific users, including the option to track fantasy teams, track four different games at the same time, and watch, bet at the same time. There is a new feature called "SportsCenter for You," which will include specific videos catering to user interests. ESPN's acquisition of the NFL ESPN has reached a nonbinding agreement with the NFL to acquire major media properties. These includes NFL Network, NFL Fantasy, and Red Zone, NFL has received 10 per cent equity ESPN. Furthermore, ESPN will integrate NFL within its streaming platfom. NFL will retain the digital rights via NFL and NFL Film. ESPN will gain the rights for licensing aditional NFL games total 28 NFL game slots per season, however NFL network will retain exclusive rights of eight games. This partnership will deepen ESPN's content offerings and revitalises NFL's network.

ESPN has launched its all-new streaming service and struck a landmark deal to acquire NFL Network, RedZone, and NFL Fantasy. Here’s what it means for fans, pricing, and the future of sports streaming.

"All of ESPN": ESPN launches new streaming service as NFL network joins the family

The United States and the European Union have entered a trade agreement, the White House announced on Thursday, adding that the deal&nbsp;represents a "concrete demonstration of our commitment to fair, balanced, and mutually beneficial trade and investment".&nbsp;"This Framework&nbsp;Agreement&nbsp;will put our trade and investment relationship –&nbsp;one of the&nbsp;largest in the world – on a solid footing and will reinvigorate our economies’&nbsp;reindustrialization," the White House said in the statement.&nbsp;&nbsp;The US said the agreement reflects that the EU acknowledged&nbsp;US concerns regarding&nbsp;trade imbalances. The deal would “unleash the full potential of our combined economic power”, it added.&nbsp;It said that the US and the European Union will expand the framework and continue to improve market access and increase trade and investment relationships.&nbsp;Per the agreement, the US will impose 15 per cent tariffs on most European Union imports. The US will further lower auto tariffs once the EU passes matching legislation, slashing tariffs.&nbsp;From September 1, the&nbsp;US will apply only MFN tariffs on EU aircraft/parts, generics, chemical precursors, and scarce natural resources.&nbsp;The EU will eliminate tariffs on all US industrial goods and grant preferential access for US seafood/agriculture.<h2>Here are some salient points of the trade agreement.&nbsp;</h2><h3>Energy &amp; Tech Purchases:</h3>1. EU to buy $750B in US LNG, oil, and nuclear products.2. EU to purchase at least $40B in US AI chips.<h3>Investment &amp; Cooperation:</h3>1. EU firms to invest $600B in US strategic sectors by 2028.2. Both sides to negotiate rules of origin to ensure benefits remain bilateral.3. Exploring cooperation on steel and aluminum market protections.4. Joint commitment to tackle digital trade barriers; EU pledges not to adopt network usage fees.

The United States and the European Union have entered a free-trade agreement, the White House announced on Thursday, adding that the deal represents a "concrete demonstration of our commitment to fair, balanced, and mutually beneficial trade and investment".

The United States and the European Union have entered a trade agreement, the White House announced on Thursday, adding that the deal represents a "concrete demonstration of our commitment to fair, balanced, and mutually beneficial trade and investment". "This Framework Agreement will put our trade and investment relationship – one of the largest in the world – on a solid footing and will reinvigorate our economies’ reindustrialization," the White House said in the statement. The US said the agreement reflects that the EU acknowledged US concerns regarding trade imbalances. The deal would “unleash the full potential of our combined economic power”, it added. It said that the US and the European Union will expand the framework and continue to improve market access and increase trade and investment relationships. Per the agreement, the US will impose 15 per cent tariffs on most European Union imports. The US will further lower auto tariffs once the EU passes matching legislation, slashing tariffs. From September 1, the US will apply only MFN tariffs on EU aircraft/parts, generics, chemical precursors, and scarce natural resources. The EU will eliminate tariffs on all US industrial goods and grant preferential access for US seafood/agriculture. Here are some salient points of the trade agreement. Energy & Tech Purchases: 1. EU to buy $750B in US LNG, oil, and nuclear products. 2. EU to purchase at least $40B in US AI chips. Investment & Cooperation: 1. EU firms to invest $600B in US strategic sectors by 2028. 2. Both sides to negotiate rules of origin to ensure benefits remain bilateral. 3. Exploring cooperation on steel and aluminum market protections. 4. Joint commitment to tackle digital trade barriers; EU pledges not to adopt network usage fees.

The White House said the US-EU trade agreement reflects that the European block acknowledged&nbsp;US concerns regarding&nbsp;trade imbalances. It said the agreement could be expanded to cover other areas.

US enters trade deal with European Union, to levy 15 per cent tariff: Check key details