Business News

PhysicsWallah Files Updated IPO Papers to Raise ₹3,820 Crore for Expansion and Growth

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Edtech unicorn PhysicsWallah has submitted updated draft documents to market regulator SEBI to raise ₹3,820 crore through an initial public offering (IPO) aimed at expansion and growth. The IPO will consist of a fresh equity issue of ₹3,100 crore and an offer for sale (OFS) of ₹720 crore by the promoters, according to the updated […]

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Big Changes in GST Structure, New Rates Effective from September 22

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The central government has introduced major changes to the Goods and Services Tax (GST) structure. In its very first meeting on Wednesday, the GST Council approved the new framework, announced by Finance Minister Nirmala Sitharaman. From now on, only two standard rates will be applicable—5% and 18%. The 12% and 28% slabs have been removed,

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‘Navratna Business Excellence Award 2025’ initiated by Merchant Association in Asansol

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“Navaratna Business Excellence Award 2025”, Minister Dr. Shashi Panja Slams BJP MP Over Offensive Remarks Against TMC Leader Mahua Moitra Asansol: The Navaratna Business Excellence Award 2025, organized by the South Bengal Federation of Commerce and Industries, was held at a banquet hall near Chitra Cinema, Burnpur, Asansol. The event was inaugurated with a traditional

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Former RBI Governor Urjit Patel Appointed IMF Executive Director

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New Delhi, August 29, 2025 – Former Reserve Bank of India (RBI) Governor Urjit Patel has been appointed as Executive Director at the International Monetary Fund (IMF) for a period of three years, a government notification said on Friday. The appointment was approved by the Appointments Committee of the Cabinet, according to the order dated

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Fitch Retains India’s BBB- Rating, Sees Strong Growth but Flags Fiscal Strains

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Fitch Ratings on Monday reaffirmed India’s credit rating at BBB- with a stable outlook, citing strong economic growth and resilient external finances. However, the agency flagged India’s high fiscal deficits, debt, and debt servicing costs as key weaknesses when compared with other countries in the BBB category. It also noted that structural factors such as

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India Post to Suspend Most US-Bound Shipments from August 25 as New US Duty Rules Take Effect

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The Department of Posts has announced that it will temporarily suspend most postal consignments to the United States starting August 25, following new US customs duty rules set to take effect later this month. On July 30, the US government withdrew the duty-free exemption for goods valued up to USD 800. From August 29, all

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President Murmu Gives Assent to Online Gaming Bill; Money Gaming Banned, E-Sports to Get Legal Boost

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New Delhi, August 22: President Droupadi Murmu on Friday gave her assent to the Promotion and Regulation of Online Gaming Bill, paving the way for a clear legal framework in India’s online gaming sector. The Bill was passed in the Lok Sabha on Wednesday and cleared by the Rajya Sabha on Thursday, August 21. The

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