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Business

GST Refund Expansion to Boost Indian Markets and Capital Investment

Indian equity markets are expected to open in green as GST Council proposes extending input tax credit refunds to input services from November 2026 and plant and machinery from April 2027. This change aims to resolve working capital blockages caused by the inverted duty structure, benefiting sectors like pharmaceuticals, FMCG, and textiles by reducing financing costs and encouraging fresh investments and capacity expansion. Exporters will also benefit from refunds on plant and machinery credits.

NDTV·

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Business

Sensex and Nifty Rebound Led by TCS After Two-Day Slide

The Sensex and Nifty indices rebounded in early trade on Friday after two days of decline, driven by a rally in TCS and other IT stocks. Sensex rose 292 points to 71,876.10, and Nifty gained 84.60 points to 22,310.40. TCS surged over 4% after reporting a 15% net profit increase to Rs 13,884 crore. Other gainers included Infosys, ITC, HCL Tech, Tech Mahindra, Adani Ports, and HDFC Bank. Brent crude fell 1.11% to $103 per barrel. Foreign investors sold equities worth Rs 12,943.58 crore on Thursday.

Deccan Herald··Mumbai

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Politics

Golden Statue of Trump Installed in European Parliament

A 2.6-meter-tall statue of US President Donald Trump, naked and covered in 23-karat gold leaf, has been installed inside the European Parliament in Strasbourg, France. Titled 'The Orange Plague,' the sculpture by Danish artist Jens Galschiøt depicts Trump sitting on the shoulders of a smaller man, symbolizing the burden of political power on the less powerful. The artwork critiques Trump's impact on the environment, international cooperation, and justice.

TOI World··Strasbourg

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Politics

Congress Criticizes PM Modi for Not Retaliating Against US Visa Crackdown

The Congress party criticized Prime Minister Narendra Modi for not responding to the US government's visa restrictions targeting Indian IT professionals. Congress leader Jairam Ramesh accused Modi of being 'thoroughly compromised' and under pressure due to the 'GyaneshGate' controversy. He also highlighted that India has legal options to retaliate, such as the Digital Personal Data Protection Act, 2023, but the government has chosen not to act.

Deccan Herald··New Delhi

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Sports

New Zealand Names Replacements After Injuries Ahead of India T20Is

New Zealand's head coach Rob Walter announced replacements Blair Tickner and Josh Clarkson for the squad after the team suffered two injuries ahead of the T20 series against India. Walter expressed gratitude for being able to bring these players into the team as they prepare for the upcoming matches.

NDTV Cricket·

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Politics

Government Denies NEET Protestors' Biometrics in Criminal Database

The Indian government has rejected claims by Rajya Sabha MP A.A. Rahim that biometric data of thousands of NEET-UG protestors were enrolled in national criminal databases. An affidavit from the Home Ministry and NCRB stated these sweeping allegations lack factual basis. The government emphasized that privacy and free speech violations must be proven with concrete evidence, and no unlawful biometric data collection or retention has been identified.

The Hindu··New Delhi

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