Business

14

Sep

By The Press Editor

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Business

Medicines to get cheaper from September 22 as 5% GST removed: NPPA issues guidelines to pharma companies

Starting September 22, 2025, medicines under the 5% GST slab will be exempt from GST, making them cheaper, as per NPPA's new directive to pharmaceutical companies. New Delhi: In a significant move aimed at reducing the financial burden on patients, the National Pharmaceutical Pricing Authority (NPPA) has announced that medicines and medical devices falling under the 5 per cent GST slab will now be exempted from GST, effective September 22, 2025. Following the 56th GST Council meeting, the new directive mandates all pharmaceutical manufacturers and marketers to reflect the revised tax rates in their product pricing and pass on the…

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13

Sep

By The Press Editor

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Business

NPCI announces major changes in UPI transaction limits, effective September 15

NPCI raises UPI transaction limits for select categories from September 15, enhancing high-value payment flexibility while keeping general P2P limits unchanged. New Delhi: The National Payments Corporation of India (NPCI) has introduced significant changes to the transaction limits for UPI payments, set to come into effect from Monday, 15th September 2025. These changes are expected to benefit not only everyday users but also merchants and businesses that rely heavily on UPI for their transactions. As per the new rules, the transaction limit for certain specific categories, such as insurance premiums, capital markets, and credit card bill payments, will be increased…

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12

Sep

By The Press Editor

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Business

Pharma stock surges 14% amid positive momentum in markets – Do you own

According to BSE Analytics, the stock has delivered a positive return of 41.40 per cent in three years and 14.62 per cent in two years. Mumbai: Shares of pharmaceutical firm Sigachi Industries moved higher by 14 per cent on Friday, September 12, 2025. This is the fourth straight day the stock has rallied. Today's rally is primarily due to a surge in volume, which is more than 14.07 times higher. The counter started today's trading session at Rs 38.30 on the BSE against the previous close of Rs 37.77. Amid a spurt in volume, the stock touched an intraday high…

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12

Sep

By The Press Editor

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Business

Delhi government to unveil Rs 3,000 crore projects on PM Modi’s birthday – Check details

Twenty-five small fire tenders suited to work in narrow, congested areas as well as outlying parts of the city, will also be flagged off during the 15-day Seva Pakhwada. New Delhi: The Seva Pakhwada (service fortnight), which will kick off on September 17 on the occasion of the birthday of Prime Minister Narendra Modi, will see the unveiling of projects worth Rs 3,000 crore by the Delhi Jal Board (DJB) and Public Works Department (PWD), along with the launch of 101 Ayushman Mandir centres and 75 drones developed by girl students. During the 15-day campaign by the BJP government, Union…

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12

Sep

By The Press Editor

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Business

How to plan retirement in your 30s: Here’s why it could be the best time – Check Details

Need a corpus of Rs 1 crore or Rs 10 crore? Compounding will do the work. Action taken in your 30s could mean the difference between you retiring financially secure or not. New Delhi: Retirement planning takes a back seat in your 30s, when most people are preoccupied with their career advancement, family life, or home purchase. Yet, financial experts agree that this is the ideal decade to begin building a retirement corpus. The longer your money stays invested, the more powerfully compounding works in your favour. According to Suresh Mansharamani, Business Coach, Co-Founder Tajurba, the key question is not…

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12

Sep

By The Press Editor

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Business

Retail inflation rises to 2.07% in August, stays within RBI’s tolerance band

The Reserve Bank has been mandated by the government to ensure inflation remains at 4 per cent with a margin of 2 per cent on either side. New Delhi: Retail inflation in August has jumped slightly to 2.07 per cent from 1.61 per cent in the preceding month, mainly due to an increase in food prices, including vegetables, meat and fish, according to government data released on Friday. The inflation based on the consumer price index (CPI) was 3.65 per cent in August 2024. The annual inflation during August 2025 over August 2024 was at (-) 0.69 per cent, according…

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12

Sep

By The Press Editor

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Business

10308% return in 5 years: This semiconductor stock to be in focus – Check details

According to the report, the company has delivered a strong turnaround, with revenue rising from Rs 545.75 million in FY24 to Rs 947.64 million in FY25 and operating profit reaching Rs 192.85 million. Mumbai: Shares of Hyderabad-headquartered MIC Electronics Limited (MICEL) have been in focus amid the government's 'Make in India' push for semiconductors. The company, engaged in the design, development, manufacturing, and sale of LED video displays, electronic products, telecom equipment, oxygen concentrators, and LED lighting solutions, recently signed a memorandum of understanding (MoU) with Singapore-based Top2 PTE Limited to identify a semiconductor partner from Taiwan. "The purpose of…

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12

Sep

By The Press Editor

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Business

Gold scales fresh high: Will it rise further? Here’s what investors should do

Gold has surged more than 40 per cent since December 2024, fuelled by speculative long positions, ETF inflows, and a global shift away from the US dollar as fiscal deficits widen and debt-servicing costs climb. Mumbai: Precious metals hit fresh peaks on Friday, with the yellow metal hitting Rs 1,13,800 per 10 grams, and silver crossing Rs 1,32,000 per kilogram in Delhi. The surge in the prices of gold and silver comes amid strong global demand and heightened expectations of an interest rate cut by the US Federal Reserve next week. According to the All India Sarafa Association, the precious…

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12

Sep

By The Press Editor

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Business

Tamil Nadu secures 92 investment pacts totalling Rs 24,000 crore at Hosur meet – Details here

In his speech, Tamil Nadu CM MK Stalin stressed that his recent visits to Germany and the UK brought Rs 15,516 crore worth of investments to Tamil Nadu. Chennai: In its bid to become a USD 1 trillion economy, the state of Tamil Nadu is leaving no stone unturned and maintaining the growth momentum. In a recent step, the government of Tamil Nadu signed a total of 92 Memoranda of Understanding (MoUs) amounting to Rs 24,307 crore at the TN Rising Investment Conclave in Hosur. This is expected to create almost 49,353 jobs. Hosur International Airport The land acquisition process…

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12

Sep

By The Press Editor

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Business

Nepal: Chaudhary Group, targeted amid unrest, vows to rebuild stronger after violence

Chaudhary Group, Nepal's largest business conglomerate, has suffered severe damage amid violent unrest, but its leadership vows to rebuild stronger, reaffirming their deep commitment to the nation's development and resilience. New Delhi: In a tragic turn of events, Chaudhary Group (CG)—Nepal's largest and most diversified business conglomerate—has found itself at the centre of violent unrest that has rocked the nation over the past week. A symbol of entrepreneurship, development, and resilience, the group is now grappling with widespread destruction, including attacks on its factories, offices, showrooms, and even family homes. Among the first to be targeted were business leaders and…

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