The Central Government is proposing significant tax reductions under the ongoing GST reform, including lowering the GST on cars with engine capacity below 1,800 cc from 28% to 18%. The uniform 5% GST rate for all food items and textiles is also under consideration. However, this has raised revenue concerns for states like Kerala, which could see an annual loss of up to ₹10,000 crore due to the proposed changes. While business and trade sectors welcome the potential decrease in prices, there is a need for the Centre to ensure protection of state revenues to avoid only benefiting consumers without any reduction in retail prices. The final decisions on these matters will be made by the GST Council during their meeting on September 3 and 4.
Gumroad CEO Sahil Lavingia discusses the unique approach of the platform, which prioritizes convenience and freedom for creators rather than rapid growth and profits. Lavingia's philosophy challenges the traditional methods used by other platforms and instead focuses on providing creators with a simple, easy-to-use sales tool. Despite criticism from investors, Lavingia stands by his belief that in the long run, creators should choose a platform that aligns with their own beliefs and values. As the creator economy continues to grow, Gumroad's unconventional approach may prove to be successful after all.
The Indian rupee is in for a tumultuous week as developments in U.S. trade policy dominate the market. With steep tariffs on Indian goods expected to come into effect and concerns over fiscal slippage, traders and investors will be closely monitoring key economic reports and updates. The initial support from Federal Reserve Chair Jerome Powell's potential rate cut announcement may be short-lived as the focus shifts to U.S. tariff developments.
Mark your calendars for the biggest day in tech! Apple has officially announced its fall hardware event, set to take place on Tuesday, September 9th at 10 a.m. PT / 1 p.m. ET, where we can expect to see the launch of the new iPhone 17 lineup, a possible sneak peek at a foldable device, and upgrades to the Apple Watch lineup. CEO Tim Cook has promised an "awe-dropping" event, with rumors suggesting a major redesign of the iPhone Air inspired by the MacBook Air. Don't worry if you can't make it to Cupertino, as Apple will be live streaming the event on its website. Stay tuned for all the exciting details!
Prime Minister Narendra Modi will mark a major milestone in India's journey towards self-reliance and green mobility as he inaugurates the production of hybrid battery electrodes and flags off battery electric vehicle exports to 100 countries. The e-VITARA, Suzuki's first global BEV, will be produced in India and exported worldwide, showcasing the success of Make in India and Aatmanirbhar Bharat. With a joint venture between Toshiba, Denso, and Suzuki, India will now serve as a global hub for electric vehicles, boosting its domestic manufacturing and clean energy innovation.
Witness the much-awaited facelift of Tata's popular SUV, Punch, as automotive enthusiast Suhit Kulkarni shares new spy shots. While the exteriors may not see any major changes, the interiors will feature a new 2-spoke steering wheel and updated instrument cluster. The powertrain options will remain the same, with the 1.2-litre petrol engine and 5-speed manual or AMT transmission. With over 6 lakh units sold since its launch in 2018, Punch continues to be India's fastest-selling SUV, competing with the likes of Maruti Fronx and Hyundai Exter.
Prime Minister Narendra Modi praised Maruti Suzuki for their contribution to India's 'Make in India' initiative as he inaugurated their electric car and battery plant in Ahmedabad. The plant will also produce hybrid battery electrodes and the company's first global battery electric vehicle, which will be exported to over 100 countries. This is a significant step towards India's goal of becoming a major player in the electric vehicle market. Modi also highlighted the government's efforts in encouraging local production and achieving self-reliance.
The SRAM & MRAM Group, a global conglomerate, has marked its 30th anniversary with the unveiling of the prestigious Blue Ribbon Award on August 23, 2025. The award recognizes leaders who demonstrate responsibility, innovation and positive impact on society. This milestone highlights the Group's resilience, growth and commitment to sustainability over the past three decades.
On August 26, Patel Retail made a strong start on the stock market with its shares listing at a 20% premium over the IPO price. This success was driven by high demand from investors, with the IPO being subscribed nearly 96 times. On the NSE and BSE, the shares debuted at Rs 300 and Rs 305 respectively, reflecting a significant premium. After the successful listing, Patel Retail's market capitalization has surpassed the Rs 1,000 crore mark.
Uttar Pradesh Chief Minister Yogi Adityanath's vision to provide employment opportunities to every youth is set to become a reality with the upcoming Rojgar Mahakumbh 2025. The three-day event will witness over 100 renowned companies from India and abroad offering job opportunities to more than 50,000 youth in diverse sectors. This event is a milestone in the state's employment and skill revolution, providing lakhs of young people with direct access to industries and opening vast avenues of employment.