SURAT
ITR Filing Deadline Extension: Now Karnataka commerce body, Surat CA unit seek ITR due date extension
Several bodies are requesting an extension to the Income Tax Return (ITR) filing deadline. The Federation of Karnataka Chambers of Commerce & Industry and the Chartered Accountants Association, Surat, have also joined. They cite technical issues, form changes, and portal glitches as reasons for the delay.
NTPC Green Energy shares in focus after MoU to set up hydrogen fuel station at VOC Port
NTPC Green Energy partners with V.O. Chidambaranar Port Authority to establish a green hydrogen fueling station and deploy hydrogen-powered trucks, promoting green energy technologies and decarbonization. The company's financial performance shows a strong increase in net profit and sales. Technically, the stock exhibits mixed signals, trading below longer-term moving averages but above shorter-term ones.
Microhistory goes Mainstream: How Instagram and heritage walks make the past personal
Microhistory is gaining traction as people seek personal and relatable narratives beyond grand historical accounts. Social media platforms are instrumental in this trend, with historians and enthusiasts sharing bite-sized stories about everyday life, food, fashion, and local communities.
VinFast debuts in India with VF6 and VF7 electric SUVs, eyes premium EV segment: Check price, features & more
VinFast, Vietnam's EV manufacturer, has entered the Indian market with its premium Vf6 and Vf7 models, aiming to compete with established players like Maruti Suzuki and Tata Motors. The company plans to establish a strong presence with 32 dealerships across 27 cities, expanding to 35 by 2025.
Next-Gen GST reforms will help states as demand and compliance rise: Gujarat CM Bhupendra Patel
Gujarat Chief Minister Bhupendra Patel anticipates short-term effects from GST reforms but foresees long-term benefits for farmers, MSMEs, and the middle class. He assures support for exporters facing US tariffs, emphasizing collaboration between government and the private sector.
India plans relief package for exporters hit by US tariffs
Nirmala Sitharaman announced India's plan to aid exporters affected by increased U.S. tariffs. The new duties included levies on Indian goods, impacting sectors like textiles and jewellery. The government will offer credit guarantees for small businesses and exporters. Labour-intensive industries face significant challenges, leading to job losses. The tariffs have strained relations between India and the U.S.
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Why a family’s Rs 18 lakh yearly expense today could rise to Rs 1.37 crore in 30 years. CA shares formula to beat inflation
Chartered Accountant Nitin Kaushik highlights how inflation can erode wealth, even for affluent families, using the example of a Surat business family whose expenses could increase 7.6x in 30 years. He emphasizes that financial security isn't just about current income but about strategic planning, building assets, and diversifying income to outpace inflation and maintain lifestyle.
GST cuts positive, but Trump’s tariffs could offset gains: Saurabh Mukherjea
India’s economy has received a significant boost with the government’s latest GST reforms, aiming to revitalize consumption, which accounts for roughly 60% of the country’s GDP. Experts, however, caution that external and domestic headwinds could offset the gains.
Flexible office space provider Dev Accelerator announces IPO dates. Check details
Dev Accelerator, a flexible office space provider under the DevX brand, will launch its IPO on September 10, offering 2.35 crore fresh shares. The three-day issue aims to fund expansion across India and internationally, with listing on BSE and NSE on September 17.
MHA names designated immigration posts at airports, seaports, railports
The airports with designated immigration posts are Ahmedabad, Lucknow, Amritsar, Varanasi, Bagdogra, Bangalore, Bhubaneswar, Raja Bhoj International Airport, Bhopal, Calicut (Kerala), Chandigarh, Chennai, Cochin, Coimbatore, Dabolim (Goa), Delhi, Gaya (Bihar), Guwahati, Hyderabad, Indore (Madhya Pradesh), Jaipur, Kolkata.
Rs 18 lakh cost today, Rs 1.37 crore tomorrow: CA issues warning against hidden enemy of personal finance
Chartered Accountant Nitin Kaushik has cautioned families about the long-term impact of inflation on household finances. Using the example of a business family in Surat, he showed how current annual expenses of Rs 18 lakh could rise to Rs 1.37 crore in 30 years if inflation averages 6 percent. The analysis highlights that inflation alone, without lifestyle changes, can multiply expenses more than sevenfold.
Government identifies 10 highway stretches for plying green hydrogen trucks
The government is planning to introduce green hydrogen-powered trucks on ten highway stretches across India. This initiative aims to curb vehicular pollution. Indian Oil and Reliance Petroleum will establish hydrogen filling stations along these routes. Tata Motors, Ashok Leyland, and Volvo are developing hydrogen trucks. The project targets to reduce logistics costs and boost India's green hydrogen export potential.
Jewellery exporters press for relief as US tariffs bite
The GJEPC is appealing to the Centre for immediate relief as the US tariffs of 50% on Indian goods are impacting the gems and jewellery industry. Exporters had anticipated tariff action, but the unexpected duty has left the industry reeling, especially in Surat.
Indian exporters look to expand in Africa to dodge 50% US tariff
Indian companies plan to increase production in Africa. This is to export goods to the US. It follows high tariffs imposed by the US on Indian goods. Gokaldas Exports and Raymond Lifestyle are considering this shift. They aim to leverage lower tariffs in African nations. Diamond and jewelry exporters are also exploring expansion in Africa.
Indian Navy's stealth frigate 'Tamal', guided-missile destroyer 'Surat' visit Saudi Arabia
Indian Navy's stealth frigate INS Tamal and guided-missile destroyer INS Surat made port calls at Jeddah, signaling India's dedication to bolstering defence cooperation and amicable relations with Saudi Arabia. The visit facilitates sharing best practices and exploring further engagement avenues between the two navies.
150 Puja special trains from September 21 to November 30 to handle passenger rush
The Railway Board has announced 150 Puja special trains, totaling 2,024 trips, to manage the increased passenger traffic from September 21 to November 30. South Central Railway will operate the most trains, with 48 completing 684 trips, primarily from major stations like Hyderabad and Secunderabad.
IAF Chief AP Singh emphasises the need for a unified approach to fight emerging threats during his visit to Shillong
Air Chief Marshal Amar Preet Singh addressed commanders at Eastern Air Command headquarters in Shillong. He stressed a unified strategy against emerging threats. Singh emphasized the crucial role of EAC in securing northern and eastern borders. The conference focused on enhancing operational capabilities and coordination. Air Force Stations received trophies for excellence in operations, maintenance, and administration.
'Don’t visit Lalbaugcha Raja if you don’t have Rs 100 crores in pocket': Social post sparks aam aadmi vs celebrity debate
A viral social media post has ignited a debate regarding the mismanagement at Mumbai's Lalbaugcha Raja, with a devotee recounting a harrowing experience of chaos and inadequate facilities. The post alleges VIP treatment for celebrities while ordinary devotees face hours of waiting and safety concerns.
Mid-air technical glitch forces IndiGo's Surat-Dubai flight to divert to Ahmedabad
An IndiGo flight en route from Surat to Dubai, carrying approximately 150 passengers, was diverted to Ahmedabad due to a technical issue encountered mid-air on Thursday. The flight, which departed Surat around 9:30 am, safely landed in Ahmedabad at approximately 11:00 am. IndiGo arranged a replacement aircraft for the passengers, which departed for Dubai around 1:45 pm after inspection.
Abril Paper Tech sets price band for IPO opening on August 29. Check details
Abril Paper Tech is set to launch its IPO on August 29. The price is fixed at Rs 61 per share. The company aims to raise Rs 13.42 crore through this IPO. The IPO will remain open until September 2. The funds will be used for expansion and working capital. The company manufactures sublimation paper rolls.
'US will remain dependent on India,' Surat Diamond Traders confidant of riding out Trump Tariff effects
The US tariffs of 50% on Indian imports have commenced, potentially impacting Surat's diamond industry, though stakeholders anticipate only a short-term effect due to India's dominance in diamond production. While the US market presents challenges, manufacturers are considering alternative markets in Europe and Russia. The tariffs are a result of an executive order addressing threats from the Russian Federation.
Gujarat stations on Mumbai–Ahmedabad Bullet Train corridor nearing completion
The Mumbai-Ahmedabad Bullet Train project is making significant progress, particularly in Gujarat, where stations are nearing completion. Railway Minister Ashwini Vaishnaw announced that the inaugural bullet train service is imminent. This high-speed rail will drastically reduce travel time between Mumbai and Ahmedabad to approximately two hours and seven minutes.
Jewellery exporters seek gem of a package
Indian gem and jewellery exporters are seeking a bailout package due to Trump's 50% tariffs on Indian goods, impacting a key market. The industry is requesting financial support for diversification, interest deferment, and SEZ reforms. Facing a 32% export decline already, a further 75% drop is feared, leading to layoffs in Surat's diamond sector.
Indian gems, jewellery exports face major blow from US tariff; industry seeks govt intervention
The US imposition of a 50% tariff on Indian gems and jewellery imports is a major setback, potentially slashing exports by 75% and threatening 1.7 lakh jobs. Industry experts urge government intervention through duty drawbacks and working capital relief to mitigate the impact on global competitiveness and domestic markets.
Gems, jewellery exporters seek counsel on rerouting shipments
Indian gems and jewellery exporters are worried about the impact of the 50% tariff imposed by the US. They have approached the Reserve Bank of India for support regarding working capital. Exporters are also exploring rerouting shipments through countries with lower tariffs like Dubai and Mexico. Surat's diamond industry fears job losses after Diwali.
SAIL supplies 8,000 tonnes of critical grade steel to Indian Navy's advanced frontline frigates
SAIL provided about 8,000 tonnes of steel for INS Udaygiri and INS Himgiri. Rajnath Singh launched these advanced frigates. The ships are part of Project 17A. SAIL supplied steel from Bokaro, Bhilai, and Rourkela plants. This supports 'Atmanirbhar Bharat'. SAIL also supplied steel for INS Vikrant and other vessels. This reduces India's reliance on imported steel for defense.
Export units at Tirupur, Noida, Surat halt production amid high US tariffs: FIEO
Apex exporters body FIEO raises alarm over rising US tariffs. Indian goods face increased duties from August 27, 2025. Textile manufacturers in Tirupur, Noida, and Surat have stopped production. Cost competitiveness is worsening. FIEO urges government support. They seek interest subvention schemes and export credit. Focus is on MSMEs. Diplomatic engagement with the US is crucial.
Empty offices, lost orders: India's diamond hub stands idle as steep US tariffs loom
The Surat Diamond Bourse, intended to be a hub, is struggling. Weak Chinese demand and potential US tariffs are hurting India's diamond exports. Orders are declining, and some companies consider moving operations. Many offices remain unused. Workers face uncertainty as demand slumps. The industry is trying to boost sales elsewhere, but domestic demand offers some relief.
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