
Gems and Jewellery Sector Calls for 1% GST Reduction in Upcoming Budget
The gems and jewellery industry has made a strong plea to the government to reduce the Goods and Services Tax (GST) from 3% to 1% in the upcoming Budget. According to the All India Gem and Jewellery Domestic Council (GJC), this move would reduce the industry's growing cost burden, especially amid rising gold prices, and improve affordability for consumers, particularly in rural areas. Rajesh Rokde, Chairman of GJC, emphasized that such a reduction would also promote better tax compliance
Gems and Jewellery Sector Calls for 1% GST Reduction in Upcoming Budget
The gems and jewellery industry has made a strong plea to the government to reduce the Goods and Services Tax (GST) from 3% to 1% in the upcoming Budget. According to the All India Gem and Jewellery Domestic Council (GJC), this move would reduce the industry's growing cost burden, especially amid rising gold prices, and improve affordability for consumers, particularly in rural areas. Rajesh Rokde, Chairman of GJC, emphasized that such a reduction would also promote better tax compliance

Goldman Sachs Sets Rs 500 Target for ITC After Demerger
Goldman Sachs has set a target price of Rs 500 per share for ITC Ltd. following the company's recent demerger, citing strong potential for profitability growth and the expansion of its consumer business. The brokerage firm highlighted a steady recovery in the cigarette business, predicting healthy earnings growth from fiscal 2023-25. The target represents an upside of 13% from the stock's previous close. ITC shares saw a nearly 6% adjustment in a special pre-open session on
Goldman Sachs Sets Rs 500 Target for ITC After Demerger
Goldman Sachs has set a target price of Rs 500 per share for ITC Ltd. following the company's recent demerger, citing strong potential for profitability growth and the expansion of its consumer business. The brokerage firm highlighted a steady recovery in the cigarette business, predicting healthy earnings growth from fiscal 2023-25. The target represents an upside of 13% from the stock's previous close. ITC shares saw a nearly 6% adjustment in a special pre-open session on

S&P 500, Dow Edge Up Ahead of US Jobs Data Release
On Tuesday, both the S&P 500 and Dow Jones Industrial Average saw slight increases, as traders prepared for the upcoming release of US jobs data. The S&P 500 rose by over 0.39%, while the Nasdaq Composite and Dow Jones gained 0.26% and 0.38%, respectively. Nvidia, Walt Disney, Boeing, Nike, and Coca-Cola were some of the key gainers, with Nvidia's stock rising 1.5%. However, companies like Amazon, Goldman Sachs, and Salesforce faced declines after a Monday rally. The market will c
S&P 500, Dow Edge Up Ahead of US Jobs Data Release
On Tuesday, both the S&P 500 and Dow Jones Industrial Average saw slight increases, as traders prepared for the upcoming release of US jobs data. The S&P 500 rose by over 0.39%, while the Nasdaq Composite and Dow Jones gained 0.26% and 0.38%, respectively. Nvidia, Walt Disney, Boeing, Nike, and Coca-Cola were some of the key gainers, with Nvidia's stock rising 1.5%. However, companies like Amazon, Goldman Sachs, and Salesforce faced declines after a Monday rally. The market will c

Bitcoin and Ether See Gains as Crypto Market Rises
On January 3, 2025, the cryptocurrency market continued its positive momentum, reflecting profits for the third consecutive day. Bitcoin (BTC) witnessed a 1.82% increase in its price on international exchanges, reaching $96,863 (around Rs. 83.05 lakh). On Indian exchanges, Bitcoin saw a slightly higher price of $97,042 (roughly Rs. 83.2 lakh), marking a 2.28% price surge. Investor sentiment around Bitcoin remains optimistic, with the Fear-Greed Index indicating a rise in market conf
Bitcoin and Ether See Gains as Crypto Market Rises
On January 3, 2025, the cryptocurrency market continued its positive momentum, reflecting profits for the third consecutive day. Bitcoin (BTC) witnessed a 1.82% increase in its price on international exchanges, reaching $96,863 (around Rs. 83.05 lakh). On Indian exchanges, Bitcoin saw a slightly higher price of $97,042 (roughly Rs. 83.2 lakh), marking a 2.28% price surge. Investor sentiment around Bitcoin remains optimistic, with the Fear-Greed Index indicating a rise in market conf

Restaurants See Strong New Year’s Eve Sales Despite Economic Concerns
This New Year’s Eve marked a remarkable recovery for the restaurant industry, with occupancy rates 15-30% higher than last year, defying concerns of low consumer spending amidst persistent inflation. Many dining spots reported record-breaking sales and packed houses, especially on December 31. Zorawar Kalra, founder of Massive Restaurants Pvt., mentioned that several of their chains achieved "all-time high" sales. Rajit Shetty from the Ramee Group of Hotels also note
Restaurants See Strong New Year’s Eve Sales Despite Economic Concerns
This New Year’s Eve marked a remarkable recovery for the restaurant industry, with occupancy rates 15-30% higher than last year, defying concerns of low consumer spending amidst persistent inflation. Many dining spots reported record-breaking sales and packed houses, especially on December 31. Zorawar Kalra, founder of Massive Restaurants Pvt., mentioned that several of their chains achieved "all-time high" sales. Rajit Shetty from the Ramee Group of Hotels also note

India Should Focus on FTA and China-Specific Safeguards for Steel Imports
India's government is investigating rising steel imports, particularly in two categories of flat-rolled steel products (HS 7208 and 7210), which account for over 75% of the surge in imports. Instead of implementing global safeguards, experts suggest that India should focus on Free Trade Agreement (FTA)-specific safeguards and measures targeting China. Many imports come duty-free under FTAs with coun
India Should Focus on FTA and China-Specific Safeguards for Steel Imports
India's government is investigating rising steel imports, particularly in two categories of flat-rolled steel products (HS 7208 and 7210), which account for over 75% of the surge in imports. Instead of implementing global safeguards, experts suggest that India should focus on Free Trade Agreement (FTA)-specific safeguards and measures targeting China. Many imports come duty-free under FTAs with coun

Adani Enterprises Raises USD 2 Billion from Adani Wilmar Stake Sale
Adani Enterprises is set to exit its joint venture with Adani Wilmar, selling its 44% stake to Wilmar International. This move is expected to raise over $2 billion for Adani Enterprises, which will be used to boost investments in its core infrastructure platforms, including energy, utilities, transport, and logistics. The transaction involves two steps: Adani Enterprises will sell 13% of Adan
Adani Enterprises Raises USD 2 Billion from Adani Wilmar Stake Sale
Adani Enterprises is set to exit its joint venture with Adani Wilmar, selling its 44% stake to Wilmar International. This move is expected to raise over $2 billion for Adani Enterprises, which will be used to boost investments in its core infrastructure platforms, including energy, utilities, transport, and logistics. The transaction involves two steps: Adani Enterprises will sell 13% of Adan