The Central Board of Indirect Taxes and Customs (CBIC) clarified that post-sale discounts offered by manufacturers to dealers, aimed purely at competitive pricing and driving sales, will not attract Goods and Services Tax (GST).In a circular, the board further explained that GST would, however, apply if such discounts are linked to specific promotional services carried…
Natalie ShermanBusiness reporter Getty Images Shares in Warner Brothers Discovery and Paramount Skydance have surged following reports that Paramount Skydance is preparing an offer to buy the rival studio. The reported bid would be for the entire Warner Brothers Discovery business, which includes news network CNN, HBO, and the film studio behind Barbie and Harry…
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Oil extended gains on Tuesday, supported by the latest oil output hike from OPEC+ being smaller than anticipated, expectations that China will continue stockpiling oil and concerns over potential new sanctions on Russia. Eight members of the Organization of the Petroleum Exporting Countries and allies agreed on Sunday to raise production from October by 137,000 barrels…
At a landmark Pakistan-China Business-to-Business Investment Conference, several historic Memorandums of Understanding (MoUs) were signed, marking a significant boost for foreign investment in Punjab. The successful event was credited to the proactive efforts of the Punjab government and Muntaha Ashraf, Chairman of the Punjab Board of Investment and Trade (PBIT). Agreements were inked with top…
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Last Updated:September 05, 2025, 15:50 IST Indian benchmark indices opened higher on Friday, tracking firm global cues, with GIFT Nifty futures also pointing to a positive start Sensex Today Sensex Today: Indian benchmark indices ended Friday’s session on a mixed note after a volatile day of trade. The BSE Sensex, which opened higher, slipped to…
New Delhi: Aiming to herald one of the biggest reforms in the country, the 56th GST Council meeting is all set to discuss the two-slab tax structure proposed by the Centre’s to reduce GST rates on over 150 items as part of a comprehensive rate revision. The two-day meeting, starting Wednesday, is chaired by Finance…
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For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails Nurseries may not have enough staff to deliver the Government’s expansion of free childcare, researchers have warned. Workforce challenges must…
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Zydus Wellness Ltd on Friday announced that its wholly-owned subsidiary, Alidac UK Ltd, will acquire UK-based Comfort Click for GBP 239 million, marking the company’s first international acquisition and entry into the vitamins, minerals, and supplements (VMS) segment. The deal also includes Comfort Click’s three subsidiaries in Ireland, the US, and India.Comfort Click, which operates…
Katy Austin & Simon Browning Transport correspondent & producer Getty Images The bonus for Ryanair workers who intercept passengers with oversized cabin bags will rise from €1.50 to €2.50 per bag, the airline’s boss said. Michael O’Leary told the BBC the change would come in this November, and that he made no apology for it….
The Pakistan Stock Exchange (PSX) opened the rollover week on a turbulent note on Monday as profit-taking and cautious sentiment drove the benchmark KSE-100 index from the intra-day high of 586 points to the low of 735 points. It closed the day at 148,815.31, representing a decrease of 677.75 points, or 0.45%. Banking and cement…
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