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Business

GST Council May End IGST Exemption on Gold, Silver Imports by Banks

The GST Council is set to meet on October 7 to consider withdrawing the IGST exemption for banks and government-approved agencies importing gold, silver, and platinum. Currently, these entities are exempt from the 3% IGST paid by other traders. The proposed change aims to level the playing field and create a more uniform tax system in precious metals trade, affecting import costs and market dynamics in India.

News18 Business·

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Technology

Huawei and Qualcomm Sign Multi-Year Patent Licensing Deal

Huawei and Qualcomm announced a multi-year patent licensing agreement covering 5G, AI, computing, and networking technologies, pending regulatory approvals. The deal includes cross-licensing of their patent portfolios and Qualcomm acquiring certain Huawei patents registered in the US. Huawei emphasized its 4G and 5G standards contributions, while Qualcomm highlighted its wireless technologies and 5G licensing program.

NDTV Tech·

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Entertainment

Richa Chadha Comments on 'Hanuman Ansh' Success, 2026 Content Cinema

Bollywood actress Richa Chadha recently shared her views on the success of the film 'Hanuman Ansh'. She also stated that calling 2026 a big year for content-driven cinema would be premature at this point.

Amar Entertainment·

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Entertainment

Fire Breaks Out on Nitesh Tiwari's Ramayan Film Set in Mumbai

A fire broke out on the set of Nitesh Tiwari's highly anticipated film 'Ramayan' at Film City in Goregaon, Mumbai. Videos on social media showed flames and smoke, causing panic at the location. Film City Association President BN Tiwari confirmed no injuries. Authorities had issued a warning two days prior after a similar fire incident at Royal Palm. An investigation is underway to determine the cause and whether shooting was ongoing.

Prabhat Khabar··Mumbai

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Technology

IIT Palakkad to Host Innovation Summit with Start-ups and Investors

IIT Palakkad’s Technology Innovation Foundation (TECHIN) will hold the SAMAGRA 2.0 Innovation Summit on October 29-30 at Hyatt Regency, Thiruvananthapuram. Chief Minister V.D. Satheesan will inaugurate the event, with Industries and IT Minister P.K. Kunhalikutty as guest of honour. The summit focuses on water, sanitation, medical, agriculture, food, and deep technologies, offering start-ups opportunities to meet investors, customers, and government agencies. IIT Palakkad’s research projects will also be showcased for industry collaboration and commercialization.

The Hindu··Thiruvananthapuram

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Health

Wall Street's $10 Billion Investment Spurs Debate on Indian Hospital Costs

Wall Street has invested $10 billion in Indian hospitals to expand infrastructure and care capacity, aiding private healthcare growth. However, this influx has led to rising treatment costs, with private hospital expenses far exceeding public healthcare. Insurers and hospitals are now in conflict over increasing medical inflation and patient coverage limits, raising concerns about affordability for patients.

TOI Business·

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