Business

China issued a strong protest on Monday against the United States’ decision to broaden its export restriction catalogue, stating it would implement essential steps to protect Chinese companies’ rightful interests.The United States implemented stricter controls on Monday targeting firms in China and various nations that employ subsidiary operations to circumvent limitations on semiconductor manufacturing equipment…

Diwali shoppers may feel the excitement of GST 2.0, with headlines promising lower taxes on televisions, air-conditioners, cars, and other goods. At first glance, the new GST slabs — simplified to 5%, 18%, and 40% — appear to deliver a straightforward win for buyers. The government hopes the reform will reduce prices, simplify compliance, and…

MUMBAI: The Reserve Bank of India (RBI) has set about easing lending norms while tightening its financial oversight. Its latest rules promise cheaper and more flexible loans for borrowers, wider access to credit against gold, and easier capital-raising avenues for banks. Draft proposals, meanwhile, would extend repayment terms, sharpen exposure limits and quicken credit reporting—measures…

Minister of state for external affairs and textiles, Pabitra Margherita will travel to Moscow this week for meetings with Russia’s Ministry of Industry and Trade and leading entrepreneurs from the textile and apparel sector, the Textile Ministry said on Monday.The visit, scheduled from October 1 to 3, comes at a time when India is scouting…

The Small Industries Development Bank of India (Sidbi) on Monday reported a 19.5% rise in its net profit, touching an all-time high of Rs 4,811 crore for FY25 against Rs 4,026 crore a year earlier.Sidbi said its balance sheet crossed Rs 5.6 lakh crore during the year, with total assets growing 8.7% to Rs 5,68,238…

The United States is once again staring at a possible government shutdown. Unless Congress agrees on a funding deal before midnight on September 30 large parts of the federal government will run out of money and be forced to close from October 1.Here’s what’s happening and why it matters. What is a government shutdown? A…

Gold rate today: Gold prices in India touched a fresh all-time high of Rs 1,19,500 per 10 grams on Monday in the national capital, driven by strong global trends and safe-haven buying amid geopolitical and economic uncertainty, according to the All India Sarafa Association.The 99.9% purity metal surged Rs 1,500 from Rs 1,18,000 per 10…

Electronic Arts (EA), the creator of globally popular video games including “Madden NFL,” “Battlefield,” and “The Sims,” is poised to exit public markets after agreeing to a $55 billion acquisition. The deal, one of the largest leveraged buyouts ever, will transfer EA into private ownership, giving the company room to restructure without the scrutiny of…

Union minister Ashwini Vaishnaw, along with Bihar Deputy Chief Minister Samrat Choudhary, on Monday inaugurated seven new trains in Bihar, including three Amrit Bharat Express services. The launch raises the total Amrit Bharat Express services originating from Bihar to 26 out of 30 nationwide, strengthening connectivity within the state and across the country.The newly flagged…

India’s industrial sector recorded a steady growth of 4.0% year-on-year in August 2025, according to the Quick Estimates of the Index of Industrial Production (IIP) released by the ministry of Statistics and Programme Implementation. This marks an improvement over the 3.5% growth reported in July 2025. The overall IIP for August 2025 stood at 151.7,…