Business – Page 2

GST Council revokes arrest powers of tax officers and hikes prosecution threshold to ₹5 crore

The 57th GST Council meeting introduced landmark business reforms, moving rate restructuring cycles to an annual timetable.

In its monetary policy review, the central bank implemented its first interest rate hike since 2023 to tame persistent inflation.

International oil benchmarks climbed sharply as geopolitical risks threatened shipping routes near the Strait of Hormuz.

The central corpus will provide targeted equity financing to accelerate capacity expansion in regional industrial manufacturing.

Authorities confirmed that zero merchant transaction fees will remain intact for retail Unified Payments Interface transfers.

Global IT stocks saw selling pressure following US regulatory adjustments restricting employment-based green card petitions.

The 57th GST Council convened to deliberate major legislative amendments curbing tax prosecution before the Winter Session.

The e-commerce giant committed capital toward employee skills, clean energy tech, and operational transparency.

The completed multi-billion-dollar studio consolidation unites major global franchises under a unified entertainment conglomerate.