Mining major Vedanta Limited has proposed an upfront payment of ₹4,000 crore in its bid for the bankrupt Jaiprakash Associates Ltd (JAL), with the remaining balance to be paid over the next five to six years, according to a PTI report.

With this, the Anil Agarwal-owned mining conglomerate’s bid carries a net present value (NPV) of ₹12,505 crore in the auction conducted by lenders to find buyers for JAL.

Former US National Security Adviser (NSA) Jon Bolton on Thursday said that President Donald Trump's relationship with Prime Minister Narendra Modi has "gone now." In a post on X, Bolton said, "Trump had a very strong relationship with Modi. I think that's gone now."

Bolton, who served as the NSA during Trump's first term, commented on the relationship between the two leaders during an interview with British media platform LBC News.

Bank of Baroda has classified loan accounts of Reliance Communications Ltd (RCom) and its former promoter Anil Ambani as “fraud”, escalating troubles of the debt-laden telecom operator that has been under insolvency proceedings since 2019.

In an exchange filing on Thursday, RCom said it had received a communication dated September 2 from the state-owned lender.

The cut in goods and services tax (GST) rates effective September 22 has set the stage for the foreign institutional flows to return to India, believe analysts. However, they would still be mindful of US tariffs’ impact, valuations and the tepid corporate earnings growth back home before they return to Indian shores with animal spirits, they said.

This week’s recast was the biggest overhaul in the GST tax regime since its introduction in 2017 and saw an overall reduction in taxes across consumption categories.

Apple CEO Tim Cook on Thursday announced the opening of two new Apple stores in India, located in Bengaluru and Pune.

With this launch, Apple now has four official stores in the country. The first two were Apple BKC in Mumbai and Apple Saket in Delhi, followed by the newly announced Apple Hebbal in Bengaluru and Apple Koregaon Park in Pune.

India has voiced regret over the Ukraine conflict's collateral consequences, including prices of fuel, saying countries of the Global South have been left to fend for themselves, as Delhi underscored that diplomatic efforts hold the promise to end the war and bring lasting peace.

India continues to remain concerned over the situation in Ukraine. We maintain that the loss of innocent lives is unacceptable, and no solution can be found on the battlefield, India's Permanent Representative to the UN, Ambassador Parvathaneni Harish, said Thursday.

US President Donald Trump hosted a power-packed cohort of technology executives, including Microsoft CEO Satya Nadella and Google chief Sundar Pichai, at the White House, saying the high IQ group is leading a revolution in business.

The most brilliant people are gathered around this table. This is definitely a high-IQ group and I'm very proud of them, Trump said, sitting at the centre of a long table and flanked by First Lady Melania Trump, Microsoft co-founder and billionaire philanthropist Bill Gates on one side and Meta CEO Mark Zuckerberg on the other.

The recast of goods and services tax (GST) rates on Wednesday exceeded expectations in select product categories, but the markets had priced in most positives ahead of the outcome, suggest analysts.

Once the GST-triggered euphoria settles, analysts believe the markets will start to focus on India Inc’s earnings trajectory and developments on the US tariff front.

Former India cricketer Shikhar Dhawan has been summoned by the Enforcement Directorate (ED) for questioning in a money laundering investigation related to an illegal betting app, officials told news agency PTI on Thursday.

The probe agency will record Dhawan’s statement under the Prevention of Money Laundering Act (PMLA) in connection with an investigation into an 'illegal' betting app named 1xBet.

The 56th Goods and Services Tax (GST) Council meeting, chaired by Finance Minister Nirmala Sitharaman, announced on Wednesday that GST rates will be reduced to 5 per cent and 18 per cent. Most of the items useful for common man have been moved to 5 per cent slab.

"These reforms have been carried out with a focus on the common man. Every tax on the common man's daily use items has gone through a rigorous review, and in most cases, the rates have come down drastically..", the Finance Minister said.

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