The Goods and Services Tax (GST) Council in its meeting on Monday is likely to decide on four options regarding tax treatment of health insurance, with the cost to the exchequer potentially ranging from nearly Rs 650 crore to Rs 3,500 crore.

These four options have emerged from a detailed analysis by the Council’s fitment panel, which includes revenue officials from both central and state governments, and follow a request from the Department of Financial Services (DFS) to reduce taxes on health insurance products to make them more affordable and accessible.

India's Reliance Industries, the country's most valuable company, on Thursday approved a one-for-one issue of bonus shares and recommended an increase in authorised share capital.

The board recommended an increase in authorized share capital to Rs 50,000 crore ($5.96 billion) from 15,000 crore.

Tamil Nadu Chief Minister M K Stalin on Thursday said the state government has signed a MoU with US-based Trilliant for establishing its manufacturing unit and a global support centre in the state at an investment of Rs 2,000 crore.

The pact was signed in the US city of Chicago. The CM is on an official trip to the US to garner investments to the state and has already clinched a number of deals.

The Supreme Court is slated to hear, on Thursday, the pleas filed by Delhi Chief Minister Arvind Kejriwal seeking bail and challenging his arrest by CBI in connection with the liquor policy case. As per the cause list published on the website of the apex court, a bench of Justices Surya Kant and Ujjal Bhuyan will resume hearing the matter on Thursday, September 5.

In his special leave petition filed before the apex court, the AAP convenor has challenged his arrest and subsequent remand orders, while also pressing for bail in the corruption case.

Bahujan Samaj Party supremo Mayawati on Thursday asked the Yogi Adityanath government to stop doing "bulldozer politics" and make a strategy to deal with wild animals straying into the human habitat and attacking people.

"In some districts of UP, wild animals are attacking children, elderly and youngsters. Government should take necessary steps to stop this because labourers and poor people are not able to arrange fodder for their animals... the government should make a strategy to deal with wild animals," she said.

Adani Enterprises' first retail bond was fully subscribed at its launch on Wednesday, local Indian stock exchange data showed, in a rare issue on the market.

While the Indian group has raised money from institutional investors since US short-seller Hindenburg Research accused it of improper use of offshore tax havens and stock manipulation in January 2023, the new bond is the first test of retail demand.

World’s leading artificial intelligence (AI) chipmaker Nvidia on Tuesday suffered a record loss of $279 billion or 9.5 per cent of market capitalisation, leading the broader US market selloff triggered by disappointing economic data.

This setback followed last week’s announcement that Nvidia's third-quarterly revenue is expected to be around $32.5 billion.

The Securities and Exchange Board of India (Sebi) on Wednesday rejected the allegations of fostering an unprofessional work culture, terming them “misguided” and an attempt to undermine employee capabilities.

The market regulator clarified that the recent human resource (HR) initiatives aimed to recognise deserving employees based on objective performance assessments.

Adani Power is planning to significantly expand its Kawai power plant in Rajasthan by investing up to Rs 18,000 crore to more than triple the plant's current capacity, The Economic Times reported on Wednesday.

At present, the plant has a capacity of 1,320 MW and will undergo an expansion in two phases. Each phase will add 1,600 MW, eventually increasing the plant's total capacity to 4,520 MW over the next few years, the report added.

In a significant boost to the Indian primary markets, August witnessed a sharp surge in initial public offering (IPO) activity, reaching its highest level in over two years. A total of 10 companies successfully raised a cumulative Rs 17,047 crore, marking the largest monthly fundraising since May 2022, according to a report by Moneycontrol.

Of the total raised, about 57 per cent, or Rs 9,715 crore, came from fresh issue capital, while Rs 7,333 crore came from offer for sale (OFS) components.

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