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Swadeshi Jagran Manch (SJM) has dubbed the proposal to introduce 35 per cent GST on «sin goods» like aerated beverages and tobacco products as a «bad idea» as it would lead to smuggling and loss of revenue for the country. Besides, other bodies like All India Consumer Products Distributors Federation (AICPDF) and Indian Sellers Collective — an umbrella body of trade associations and sellers across the country — have raised concerns on the recommendations of the GoM on GST rate rationalisation. Earlier this month, the Group of Ministers (GoM) recommended a special rate of 35 per cent on sin goods like aerated beverages, cigarettes, tobacco and related products. The GoM headed by Bihar Deputy Chief Minister Samrat Chaudhary also suggested rationalisation of tax rates on apparel. «Another slab in GST, in the name of luxury and sin goods is primarily a bad idea, which will defeat the very efficiency principle of taxation. Already, a need is being felt among economists that the present number of slabs should be reduced, and the highest 28 per cent slab be abolished,» SJM national co-convenor Ashwani Mahajan said.

shareholders have rejected automotive components manufacturer Automotive Axles' proposed transaction with an affiliate company, according to the voting results published by the company. Automotive Axles, a joint venture between the Kalyani Group and Cummins, had sought shareholder approval for transactions worth ₹2,500 crore in FY26 with Meritor HVS India (MHVSIL). About 79% of public institutional investors and 88% of non-institutional investors voted against the resolution, the exchange filing said. Proxy advisory firms opposed the proposal, arguing that the business should be conducted directly through the listed company to benefit all shareholders, rather than through a joint venture.

DIGI-EXAM system to check impersonation, multi-stage and multi-session testing, test centre allocation policy, setting up secured test centres in each district and mobile testing centres in rural and remote areas are among the recommendations made by the Centre's high-level panel on exam reforms. The report by the seven-member panel headed by former Indian Space Research Organisation (ISRO) chief R Radhakrishnan was made public on Tuesday. The panel noted that there was a strong case for transition from pen-and-paper based tests to Computer Based Test (CBT) as the preferred methodology while the challenges in reaching out to underserved areas could be network, test infrastructure and competent human resources. The panel recommended the introduction of a DIGI-EXAM system on the lines of DIGI-YATRA to ensure that only the candidate writing the exam joined the intended programme.

Subscribe to enjoy similar stories. Fish is the most common and recurring symbol in the Indus valley seals, which were used for trade purposes. Many of these seals have also been found at other contemporaneous sites in Mesopotamia, Egypt, and Iran.

medical entrance exam NEET-UG in pen and paper mode or online mode and a decision in this regard is expected soon, Union Education Minister Dharmendra Pradhan said on Tuesday. The Education Ministry has held two rounds of talks with the Health Ministry led by Union Minister JP Nadda. Currently, NEET-UG is conducted offline — in pen and paper mode — wherein students have to solve multiple choice questions on an OMR sheet. The National Eligibility cum Entrance Test (NEET) is the largest entrance exam in the country in terms of number of candidates appearing for the test. In 2024, a record over 24 lakh candidates took the exam.

Investec, Equirus, and JM Financial have shared their outlooks on Afcons Infrastructure, Delhivery, and Piramal Pharma, respectively, projecting significant upsides for investors.

A U.S. Senate committee says at least two internal Amazon studies have found a relationship between worker speed and injuries in the online retailer's warehouses

Lok Sabha and assembly elections simultaneously is listed in the Lower House of the Parliament on Tuesday. It is likely to be referred to a joint committee of the two Houses. The Lok Sabha agenda said the Constitution (One Hundred and Twenty-Ninth Amendment) Bill, 2024, popularly being referred to as the Bill on «one nation, one election», will be introduced by Union Law Minister Arjun Ram Meghwal. Post the introduction, Meghwal will request Lok Sabha Speaker Om Birla to refer the Bill to a Joint Committee of Parliament for wider consultations. The joint panel will be constituted on a pro-rata basis, based on the strength of MPs of various parties.

Ashok Leyland Ltd. traded 0.36 per cent at Rs 232.85 at 01:54PM (IST) on Monday, even as BSE benchmark Sensex 400.35 points to 81732.77. The stock had closed at Rs 232.00 in the previous session. The stock quoted a 52-week high price of Rs 264.70 and 52-week low of Rs 157.65, respectively. As per BSE data, total traded volume on the counter till 01:54PM (IST) stood at 574797 shares with a turnover of Rs 13.28 crore.

Oberoi Realty shares surged as much as 6.3% on Monday to a record high of Rs 2,250.65 on BSE after brokerage firm Axis Securities initiated coverage on the real estate developer with a 'buy' rating, at a target price of Rs 2,560, implying an upside of about 14% from current levels. The brokerage said that its recommendation is underpinned by the company’s strong positioning in Mumbai’s luxury real estate market, a growing annuity income stream, strategic geographic expansion, and solid financial fundamentals.

Subscribe to enjoy similar stories. Selecting an insurance plan can be a hassle. You need to choose the insurance company and then the insurance product.

Ben eventually sold his business for a whopping $1.8 million on Flippa.com. How? Unlike brick-and-mortar businesses, online businesses are harder to sell. The problems online business owners such as Ben face are multi-faceted. How did Ben arrive at such a valuation for his business? How did he connect to a prospective pool of buyers? How did he handle the marketing? How did he access domain experts and arrive at an informed decision? How should entrepreneurs such as Ben manage their exit strategies more effectively to maximise value for themselves and other stakeholders? These are all questions Ben had to consider before proceeding with the sale. For online businesses, it becomes difficult to address these issues. This is where Flippa—an online platform that connects owners of online businesses to potential buyers—comes in. Flippa provides sellers with an artificial intelligence (AI) matching engine that precisely tackles the problems online business owners face while trying to sell their enterprises. Flippa gives accurate valuations using the latest machine learning (ML) algorithms in as little as 30 minutes. Additionally, Flippa provides access to thousands of buyers and what's more their AI recommendation engine matches sellers such as Ben to a highly targeted set of buyers, which reduces the time he would otherwise spend finding the potential buyer.

₹1,900 crore from anchor investors on Thursday. The public offering, priced between ₹397 and ₹417 per share, is set to close on December 17.

Reliance Industries Limited (RIL) shares will remain in focus on Monday after the company announced the acquisition of a 74% equity stake in Navi Mumbai IIA Private Limited (NMIIA) for Rs 1,628.03 crore. The deal, approved by RIL's Board of Directors on December 11, 2024, was completed following consent from the City and Industrial Development Corporation of Maharashtra Limited (CIDCO), which waived its rights of first refusal on December 12, 2024.

Subscribe to enjoy similar stories. The Nifty 50, India’s benchmark index, saw volatile trading on 13 December as it retested its breakout level—the downward-sloping trendline connecting the highs of 6 November and 27 November. Following a subdued opening, the index tumbled sharply to an intraday low of 24,180 during the first half of the session.

Subscribe to enjoy similar stories. On 13 December, Friday, the trend remained choppy, but the bulls survived the onslaught of the bears and forge ahead as we near the mid of the month. The supports of 24,600 mentioned were broken decisively only to be regained quite quickly.

A barrier to entry in some of Canada’s most expensive housing markets just got lower thanks to new changes impacting the country’s mortgage landscape.

Aurobindo Pharma USA Inc, a subsidiary of Hyderabad-based drug maker, is recalling over 1 lakh bottles of Cinacalcet tablets in multiple strengths. The New Jersey-based firm is recalling the product due to «GMP Deviations: Presence of N-nitroso Cinacalcet impurity above FDA recommended interim limit,» the US health regulator said. The company initiated the Class II recall on November 7 this year. Cinacalcet tablets are used to treat hyperparathyroidism.

Ryan Montgomery, an ethical hacker known for identifying security flaws in company networks, has recently warned the public about the risks of using charging cables from unknown sources. Montgomery shared his findings on Instagram, cautioning that charging cables that seem harmless could actually pose significant cybersecurity threats.

Sensex and NSE Nifty 50 indices fluctuated throughout the week, with a strong rally on Friday, December 13, driving modest weekly gains. On Friday, the Sensex surged by 843.16 points (1.04%) to close at 82,133.12, while the Nifty 50 advanced 219.60 points (0.89%) to settle at 24,768.30, a recovery driven by easing food inflation, strategic price hikes by FMCG companies, and expectations of increased U.S. spending benefiting the IT sector.

The path ahead for Toronto-Dominion Bank is rocky, but analysts at Jefferies Financial Group Inc. are predicting a recovery in the stock’s valuation as they turn bullish on the outlook for the Canadian lender and name it a top pick for 2025.