Business

India’s services sector experienced a significant uptick in February, reflected in the activity index jumping to 59 from 56.5 in the prior month, per the HSBC PMI survey released recently. This growth also boosted job creation to one of the highest levels since 2005, as companies expanded hiring to accommodate new business and alleviate capacity…

The cryptocurrency market lost $300 billion in value in a single day after a brief growth period fueled by Donald Trump’s announcement of US Crypto Strategic Reserves. Bitcoin dropped by nearly 10%, and major altcoins like Ethereum, Solana, and XRP plummeted by 15% or more due to Trump’s imposition of tariffs on China, Mexico, and…

Tata Motors has initiated trials for hydrogen-powered heavy-duty trucks in India to support the green campaign against climate change. The trial, a notable progress for sustainable cargo transport, was inaugurated by Ministers Nitin Gadkari and Pralhad Joshi to promote green energy. The trial, lasting up to 24 months, will test 16 advanced hydrogen-powered trucks on…

The Goods and Services Tax Network (GSTN) updated biometric verification for new GST registrations. Promoters and directors in certain business entities can now verify their biometrics at any GST Suvidha Kendra (GSK) in their home state, instead of visiting a specific GSK. This change applies to promoters/directors in specified company types per the promoter/partner tab.…

Uber has introduced ‘Uber for Teens’ in India for youths aged 13-17, starting in Bengaluru, Delhi NCR, and Mumbai. Expansion to 35 more cities such as Ahmedabad, Chennai, Hyderabad, and Pune is planned in the coming weeks. Parents and guardians use the ‘Uber for Teens’ service to set up accounts for their wards. This enables…

Effective April 1, 2025, Club Vistara co-branded credit card issued by IDFC First Bank and SBI will undergo significant changes. Cardholders will no longer receive milestone ticket vouchers and renewal perks as confirmed by the banks in official communications. IDFC First Bank will cease milestone benefits for Club Vistara IDFC First Credit Cardholders by March…

With recent gold price surges, many investors are now considering their investment options. In India, 24K gold at 10g costs ₹86,793, and 22K gold is priced at ₹79,573. Despite a slight dip last week, prices for February have risen by 2.2%. Digital investment forms like Gold ETFs are gaining popularity over physical gold purchases in…

India’s GST collections for February surged by 9.1% to ₹1.84 lakh crore, marking the 12th consecutive month above ₹1.7 lakh crore. This consistent growth reflects a steady rise in tax revenue for the country. In February, gross GST revenue saw a significant rise with domestic revenues growing by 10.2% to ₹1.42 lakh crore, and import…

Today, gold prices in India dropped slightly below ₹80,000 for 10g of 22K gold. Currently, 22K gold is trading at ₹79,590 per 10g and 24K at ₹86,830 per 10g in Mumbai. This decrease follows a recent surge in gold prices. In Delhi and Jaipur, 10g of 22K gold costs ₹79,740 and 24K gold is priced…

Cloud kitchens, ghost kitchens, or virtual kitchens – all thriving in India – operate without physical dining spaces, serving online food orders exclusively. Understanding taxation is crucial for compliance and financial efficiency. Cloud kitchens earning over ₹20 lakh annually must register for GST, with the threshold at ₹10 lakh for northeastern states. Upon registration, they…