GST refunds in December increased by nearly 31% to ₹28,980 crore, according to official data. File | Photo Credit: Getty Images/iStockphoto The Goods and Services Tax (GST) collections rose 6.1% year-on-year to ₹1.74 lakh crore in December 2025, marking a three-month high, official data showed. However, a sharp increase in refunds resulted in net revenues slumping…
Image used for representative purpose only. | Photo Credit: Reuters The rupee depreciated 10 paise to close at 89.98 (provisional) against the U.S. dollar on Thursday (January 1, 2026), the first trading session of 2026, as sustained foreign fund outflows and a negative trend in domestic equities dented investor sentiments. Forex traders said the USD/INR…
Gold futures started the new year on a firm note and edged higher by ₹119 to ₹1,35,566 per 10 grams on Thursday as investors remained cautious amid limited global cues. On the Multi Commodity Exchange (MCX), the yellow metal for February delivery moved in a narrow range after opening higher. It pared early gains due…
The cess was originally introduced for a period of five years to compensate States for any loss arising out of the implementation of GST. File. | Photo Credit: Getty Images/iStockphoto The Ministry of Finance on Thursday (January 1, 2026) issued a series of notifications that would bring into effect the new taxation regime for tobacco products…
On the first day on 2026, the rupee opened on a negative note. | Photo Credit: Getty Images The rupee started the new year on a negative note and depreciated 11 paise to 89.99 against the U.S. dollar in early trade on Thursday (January 1, 2026) weighed down by persistent foreign fund outflows. Forex traders…
Representative image | Photo Credit: Getty Images/iStockphoto Shares of cigarette and tobacco product makers tumbled on Thursday (January 1, 2026) morning trade after the government notified February 1 as the date from which additional excise duty on tobacco products, and a health cess on pan masala will be levied. The stock of Godfrey Phillips India…
Gold climbed more than 50% this year and broke through key levels in 2025. Silver and platinum have also hit record highs. | Photo Credit: Getty Images As 2025 draws to a close, gold has been one of the standout performers in global markets, hitting repeated record highs amid safe‑haven demand and expectations of U.S….
Representative image | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty began the first trading session of 2026 on an optimistic note, supported by steady buying by domestic institutional investors and strong gains in blue-chip Reliance Industries. The 30-share BSE Sensex climbed 223.54 points to 85,444.14 in early trade on Thursday (January 1, 2026)….
The new levies on tobacco and pan masala will be over and above the GST rate, and will replace the compensation cess which is currently being levied on such sin goods. | Photo Credit: Reuters The government on Wednesday (December 31, 2025) notified February 1 as the date from which additional excise duty will be…
The rupee slumped 5% in 2025 as persistent capital outflows from foreign investors, alongside heightened dollar demand from importers, made it one of the worst-performing Asian currencies. On the last trading session of 2025, the rupee depreciated 13 paise to close at 89.88 (provisional) against the U.S. dollar as month-end demand and FPIs’ dollar buying…
