Page 192 - Industry News

GST cut brings hope to textile MSMEs; expensive garments to see price hikes

The new GST changes provide relief to textile MSMEs and consumers but could lead to higher prices for garments above Rs 2,500. Industry experts call for a relook at the pricing thresholds

Prices of diagnostic tests unlikely to change much despite GST rate cut

GST reduction on medical devices, diagnostic kits, and reagents is a welcome move, but leading diagnostic players believe test prices will remain largely unaffected due to minimal changes

Andhra okays ₹856-cr plan for India's largest printed circuit board plant

Syrma SGS will set up India's largest printed circuit board (PCB) plant at an investment of Rs 1,595 crore. The project is being done in partnership with Korea's Shinhyup Electronics

High single-digit growth to still elude IT firms for some time: Cognizant

Cognizant's Surya Gummadi predicts IT services growth will return once enterprises deploy AI across technology stacks, though macro dynamics may delay this for some time

Amazon completes acquisition of Indian lender Axio after RBI approval

Amazon has completed its $200 million acquisition of Axio, formerly Capital Float, after receiving approval from the Reserve Bank of India, deepening its push into digital lending services in India

Goyal urges industry to pass on GST rate cut benefits to consumers

Union Commerce and Industry minister said the GST reforms would boost demand in almost all sectors, supporting the economic growth of the country

From cancer drugs to glucometers, patients to save more after GST cuts

GST Council removed tax on 33 life-saving drugs and slashed GST on all medicines and medical devices to 5%, easing treatment costs and improving healthcare access

FMCG firms plan to offer more grammage for same price after GST reforms

FMCG players plan to cut prices of large packs and raise grammage in smaller packs as soaps, noodles, coffee, ghee and ice cream get cheaper under new GST rates

Diwali shopping cart reimagined with GST relief on sweets, ACs and SUVs

GST 2.0: From mithai and jewellery to cars and consumer durables, here's what changes for Diwali buyers

Indian coal prices to drop after tax changes, boosting local demand

That could push up domestic consumption at the expense of imports, they said, putting further pressure on already plunging global coal pricesZ

Garments above ₹2.5K to be costlier, will hurt affordability: Industry

While GST on footwear of sale value not exceeding Rs 2,500 per pair has been cut to 5 per cent from 12 per cent, for those exceeding Rs 2,500 per pair has been maintained at 18 per cent

A minor can't be treated as 'non-earning': SC on road accident compensation

The SC bench increased an accident victim's compensation from ₹8,65,000 to ₹35,90,489, observing that it should be calculated considering the minimum wage of a skilled worker

Cheaper cement, lower costs: GST cuts could revive affordable housing

GST Council has cut cement tax to 18% and reduced rates on key building materials, easing costs for developers and homebuyers. Experts say the move could revive affordable housing, fuel jobs

IEX electricity trade rises nearly 19% to 11,803 million units in Aug

A total of 21.68 lakh Renewable Energy Certificates (RECs) were traded during the month, an IEX (Indian Energy Exchange) statement said

TVs, ACs, dishwashers GST cut may brighten Diwali for consumer electronics

GST Council has reduced rates on TVs, ACs and dishwashers to 18% from 28% which may boost consumer demand ahead of Diwali

Thaw in India-China relations set to boost foreign tourist arrivals

Direct flights resumption, tourists visas to provide tailwinds for Indian travel and tourism sector

Maharashtra IGR launches e-registration system for property agreements

The Inspector General of Registration in Maharashtra has launched online e-registration of property agreements, with Hiranandani Fortune City becoming the first project to adopt it

FMCG sector set to gain as soaps, noodles, shampoo shift to 5% GST slab

The GST Council has moved several FMCG items to the 5% slab and exempted breads, paneer and milk, a move expected to lower prices, spur consumption and aid festive demand

Diwali travel costs spike as airfares rise 52% on weak rupee, capacity cut

Airfares for Diwali week 2025 are up to 52 per cent higher year-on-year, with rupee weakness raising costs and aircraft shortages cutting flight capacity across routes

New-age reality check: NSO set to reboot industrial activity codes

MoSPI drafts NIC-2025 to classify emerging activities from ashwagandha farming to drone toys and digital tutoring, aligning with UN ISIC standards