GST e-invoicing may cover services imports from unregistered companies

The Indian government is set to enhance GST reporting for imported services through e-invoicing. This expansion will affect businesses with an annual turnover exceeding ₹5 crore. Companies will need to modify their documentation processes to comply with the new regulations. Proposed changes aim to reduce mismatches between tax liabilities and input tax credits. The consultation on these changes is expected to begin shortly, with implementation likely in April 2027.

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RBI to meet daily dollar needs of 3 state-run oil firms to ease rupee pressure

The Reserve Bank of India has stepped in to support three prominent oil firms: Indian Oil, Bharat Petroleum, and Hindustan Petroleum, as they face a combined daily dollar necessity of around $200 million for imports. This proactive approach aims to ease pressure on the rupee amidst soaring dollar demand, with the RBI offering dollars via selected banks at prevailing market rates to ensure smoother oil dollar flows.

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Delhi Metro shuts select stations amid Congress' protest

Entry and exit will remain closed at six Delhi Metro stations from 6 am to 4 pm. This action is taken due to security concerns amid a planned protest by Congress. The Delhi Traffic Police has warned of traffic disruptions and road diversions throughout Central Delhi. Commuters are advised to plan their journeys accordingly, considering possible delays. Security agencies will review the situation during the day and provide necessary updates.

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India awaits how Trump will route diesel buy from Russia

India is carefully studying Trump's announcement and its implications for the country's energy purchases from Moscow, sources added. While Trump's phone call with Prime Minister Narendra Modi on September 30 was described as good, the Trump administration has not taken a conclusive decision yet on any waiver under the Russia and Iran Sanctions Act (SRIA).

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Pressure on rupee may continue after temporary gains on RBI actions, say economists

The Reserve Bank of India has implemented emergency measures to stabilize the rupee, which is facing strong global pressure. Analysts indicate that the rupee may continue to decline despite these efforts. The rupee's drop is influenced by rising US bond yields and significant foreign investment outflows. Measures such as transaction limits and cash reserve requirements are aimed at curbing speculation.

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India's startup story is only getting started

The 12th edition of The Economic Times Startup Awards (ETSA) captured this transition, reflecting an ecosystem that has moved beyond the race for scale to pursue technological depth, durable businesses and international markets.

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IPO Rush: Eight issues to raise over Rs 11,000 crore this week

Investors can look forward to an active primary market with six mainboard and two SME IPOs on the horizon. Zetwork Manufacturing is expected to head the list, seeking an impressive Rs 5,000 crore, followed by Bonfiglioli Transmission aiming for Rs 2,500 crore and Tonbo Imaging India with a target of Rs 1,500 crore. Supporting this momentum are HD Fire Protect, Fusion CX, and Medical Technologies.

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India-UK trade deal to boost bilateral trade by £25.5 billion annually by 2040

Britain and India have officially inked the Comprehensive Economic and Trade Agreement, a major step towards deepening economic ties. The agreement aims to elevate bilateral trade by £25.5 billion annually by the year 2040. It encompasses initiatives focused on job creation, innovation, and cultural exchange, while also providing Indian students enhanced educational opportunities at the forthcoming University of Liverpool campus.

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Banks may explore easier forex hedging amid RBI curbs

The Reserve Bank of India has implemented fresh regulations that drastically reduce the maximum limit for dollar forward transactions by corporates from $100 million to just $5 million, imposing more stringent documentation requirements. To ease compliance, companies may consider classifying contracted exposures as anticipated exposures. This regulatory shift aims to enhance management of exchange rate risks in light of volatile market conditions, sparking ongoing industry dialogues about its practical impacts.

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RBI measures may boost local bond demand amid rupee pressure

Indian companies may re-enter the bond market given recent central bank measures aimed at stabilizing the rupee. High overseas yields and increased hedging costs have limited borrowing options for these businesses. Analysts suggest that some companies could reconsider bond issuances previously canceled because of excessive yields. With rising bank borrowing costs, bonds may become more appealing for certain issuers seeking flexibility.

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Swan Defence and Heavy Industries Ltd set to win Rs 1,897 crore tanker order

Swan Defence and Heavy Industries Ltd is set to secure a major contract with state-owned companies for the construction of four dual-fuel ready Medium Range product tankers. By offering a more competitive price than Cochin Shipyard Ltd, SDHI has positioned itself favorably. This upcoming order not only bolsters the company’s portfolio since it resumed operations but also heralds a new era for India's shipbuilding sector, propelled by government support.

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China's trade restrictions for services exporters under review

India is proactively gathering insights on the trade hurdles faced by its services exporters in China, engaging with industry representatives to address concerns. The investigation encompasses aspects like licensing, data regulations, and the challenges faced by Indian professionals in movement. Despite a potential of $8.95 billion in services exports to China in 2024, there's room for improvement through better partnerships and streamlined regulations, especially in mutual recognition and certification standards.

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Carlsberg India told to close Alwar unit over pollution breach ahead of $700 million IPO plans

Carlsberg India's operating consent for its Alwar brewery was revoked due to high particulate emissions. The brewery's pollution levels were reported to be eight times above the limit allowed. As a result, the company has been ordered to shut down the facility immediately. This closure could impact supplies in Rajasthan but occurs after peak summer season sales.

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Stocks in news: HCL Technologies, DMart, Adani Green Energy, PTC Industries and Anand Rathi Wealth

Indian equity markets showed a significant recovery driven by bargain buying and favorable global cues. The Nifty 50 and Sensex both closed higher, indicating improved investor sentiment. Notable companies reporting earnings include Canara Robeco Asset Management and Avenue Supermarts, among others. Banking stocks are expected to draw attention due to changes in cash reserve ratio requirements by the Reserve Bank of India.

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Nifty Outlook: Can bulls sustain recovery after 8-week losing streak?

Nifty's recent recovery has generated optimism, but a sustained close above key resistance is crucial for further gains. Analysts suggest a cautious approach with potential accumulation of certain stocks during dips. Key stocks for investment include Aurobindo Pharma and TCS, which display strong price momentum and resilience. Market participants are advised to monitor immediate support levels for Nifty and Bank Nifty.

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RBI repo rate hike: How home loan borrowers can reduce their EMI and interest burden

Extending the tenure instead of raising EMIs will push up the interest outgo on your home loan.

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World is happy to put their hard-earned savings in India, assures DBS chief amid bleeding outflows

DBS Bank CEO Tan Su Shan emphasized the strong demand for FCNR(B) deposits as investor confidence in India. She highlighted India's potential for foreign direct investment and its advantageous position in the artificial intelligence sector. Despite foreign net sales affecting the rupee, she remains optimistic about India's economic growth and digital infrastructure. Tan discussed the importance of promoting FDI and exports to stabilize currency levels.

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Assessing products to counter side effects of GLP-1, says Bayer's Triana

Bayer AG plans to expand its consumer health business in India significantly by 2030. The company aims to triple its revenue in the Indian market during this period. Bayer is specifically targeting opportunities in digestive health, nutrition, and multivitamins related to GLP-1 drug side effects. Additionally, Bayer will develop products locally and seek manufacturing partnerships to enhance their market presence.

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JSW, Gemstar & Actis vie for Polaris smart metering

As Polaris Smart Metering progresses to the next phase of its sale, several shortlisted bidders, such as Actis, JSW Energy, and Gemstar Infra, have wrapped up due diligence and are on the verge of submitting binding bids. The estimated value of this deal lies between ₹1,800 crore and ₹2,000 crore.

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Roche calls for global healthcare overhaul to tackle disease burden

Roche highlights the urgent need for a transformation in global healthcare to effectively tackle chronic diseases. Jorg Rupp pointed out that existing healthcare infrastructures are largely reactive, falling short in proactively addressing the rise of non-communicable diseases. This burgeoning issue not only challenges health systems but also imposes heavy financial demands. Governments must begin viewing healthcare as a crucial investment aimed at enhancing health outcomes.

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Have Money, Will Buy! Festive online sales off to fine 'premium' start

During the festive season, demand for premium goods has seen significant growth on e-commerce platforms. Sales have increased by 40% compared to last year, driven by consumers upgrading their purchases. Quick-commerce platforms have also experienced higher transaction values, particularly in urban areas. While mass-market demand has softened due to rising prices, premium products continue to perform well.

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'Investors must have a long-term view to unlock India's sports market potential': JioStar VC Uday Shankar

Uday Shankar highlights that India's sports industry presents substantial long-term investment opportunities, particularly in cricket and others. He urges potential investors to adopt a longer timeframe beyond five years for returns. Shankar also notes that while cricket remains dominant, other sports are gaining significant audiences as well. The challenges include rising media-rights costs and competition with technology platforms. Furthermore, simplifying cricket formats could enhance viewer enjoyment and excitement over time.

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BNP Paribas leases 5 lakh sq ft office in Mindspace REIT’s Chennai complex

BNP Paribas has signed a long-term lease for around half a million square feet in Chennai. The deal spans four floors within the One Radial commercial complex and is among the largest in the city this year. Office rentals in this area are approximately Rs 90 per square foot per month. Chennai is increasingly appealing to multinational companies due to lower operating costs and a skilled talent pool.

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Mercedes-Benz India sees luxury buyers paying 5-6% more for plug-in hybrids

Mercedes-Benz India is optimistic about the demand for plug-in hybrid vehicles in the luxury segment. CEO Santosh Iyer noted the appeal for customers due to the convenience and flexibility of these vehicles. The company plans to expand its plug-in hybrid offerings, with new models like the Maybach S-Class. Deliveries are expected to begin for these models by the end of October.

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