Consumers who feel they have not received the benefit of the recent Goods and Services Tax (GST) rate cut can now raise complaints through multiple channels, the government said on Tuesday.A set of FAQs released by the Central Board of Indirect Taxes and Customs says that people can call the National Consumer Helpline (NCH) on…
The global economy is heading into a phase of weak growth and systemic disruption, the World Economic Forum (WEF) said in its latest Chief Economists’ Outlook released on Tuesday.India, projected by the IMF to grow 6.5 per cent in 2025, continues to be the fastest-growing major economy, but its manufacturing ambitions face hurdles from the…
Shares of Tylenol maker Kenvue rebounded sharply on Tuesday, recovering from a steep fall triggered by President Donald Trump’s unfounded remarks linking the drug to autism.At the opening bell, Kenvue shares climbed more than 6 per cent, a day after plunging 7.5 per cent, AP reported. Trump had repeatedly instructed pregnant women to avoid Tylenol…
Gold rate today: Gold prices surged Rs 2,700 to hit a fresh peak of Rs 1,18,900 per 10 grams in the national capital on Tuesday, propelled by sustained global demand for the safe-haven asset and a sharp fall in the rupee following the US H-1B visa fee hike.According to the All India Sarafa Association, 99.9…
Swiss banking giant UBS will pay 835 million euros ($985 million) to settle a long-running legal case in France over assisting wealthy clients in evading taxes, the bank and French authorities announced on Tuesday.The settlement includes a 730-million-euro fine and 105 million euros in damages to the French state, bringing closure to the 14-year-old legal…
The Indian rupee slipped to a record low of 88.75 against the US dollar on Tuesday, a fall of 47 paise that exporters said will improve price competitiveness in global markets, even as they flagged risks from volatility and higher import costs.Import-heavy sectors such as gems and jewellery, petroleum and electronics may derive limited benefit…
Shell faces low oil prices and US tariff uncertainty (Image credits: X @Shell) US President Donald Trump’s tariffs are creating uncertainty into the global economy, impacting investment decisions more than supply chain costs, said Shell India’s Robin Mooldijk, president of projects and technology.“The primary effect is on our supply chain. It becomes more expensive and…
The Employees’ Provident Fund Organisation (EPFO) has temporarily put on hold its earlier order allowing employees to adopt the Unified Pension Scheme (UPS), stating that the matter is still under consideration. “It is to inform that the matter regarding implementation of the Unified Pension Scheme (UPS) for the employees of the Central Board is still…
Gold and silver prices continued their record-breaking rally on Tuesday, with gold futures reaching an all-time high of Rs 1,12,750 per 10 grams and silver futures hitting a lifetime high of Rs 1,34,016 per kilogram on the Multi Commodity Exchange (MCX).The surge was driven by expectations of further US Federal Reserve interest rate cuts, safe-haven…
FMCG drops popular Rs 5 & Rs 10 packs Popular price points of Rs 5 and Rs 10 are disappearing from India’s fast-moving consumer goods (FMCG) shelves. Parle-G, after two decades of selling its smallest biscuit pack at Rs 5, has now priced it at Rs 4.45. Other everyday items are also shifting- the Rs…
