INDIAN RAILWAYS PRICE HIKE NEWS
Railways suspends Jupiter-Kovis JV for faking localisation
Indian Railways discovered that JWL Kovis, a joint venture, falsified localisation claims in a Modern Coach Factory brake disc tender. Despite claiming 90% local content, the company imported brake disc castings. Consequently, the Railway Board debarred JWL Kovis for six months due to the false certificates, with the ban effective from September 20, 2025.
US Stock Market Top Gainers: Robinhood, AppLovin, Quantumscape lead Wall Street rally as Nasdaq, S&P hit record highs
US stocks surged today, with Nasdaq and S&P 500 hitting record highs while the Dow remained steady. Wall Street saw strong buying in tech, AI, and energy sectors, led by Robinhood (HOOD), AppLovin (APP), and Quantumscape (QS).
Royal Enfield new GST rate: From Hunter 350, Classic to Himalayan, check full list of bikes getting cheaper or costlier after Sept 22
Royal Enfield's new GST rate: Royal Enfield faces a mixed impact from recent GST changes. While bikes below 350cc will benefit from a reduced 18% GST, making models like the Hunter and Classic more affordable, larger motorcycles now face a higher 40% tax. Check full list of bikes and their expected new prices.
Land-for-jobs case: Lalu says CBI FIR filed sans sanction, urges Delhi HC to quash it
Lalu Prasad Yadav has approached the Delhi High Court seeking to quash the CBI FIR in the land-for-jobs scam, arguing it was registered without the necessary sanction under the Prevention of Corruption Act, rendering the investigation illegal. The CBI, however, accused Yadav of deliberately delaying arguments in the trial court.
Oversold bounce won’t last, softer oil prices ahead: Peter McGuire
OPEC+ announced a fresh output hike, lifting Brent crude prices briefly before experts cautioned against a sustained rally. XM Australia’s Peter McGuire expects softer pricing, projecting crude in the high 50s within weeks. Russia’s compliance adds supply, raising concerns of a potential glut by mid-Q4, easing consumer inflation pressures.
Yen slides after Japan PM Ishiba resigns
Ishiba on Sunday announced his resignation, ushering in a potentially lengthy period of policy uncertainty at a shaky moment for the world's fourth-largest economy.
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Vande Bharat sleeper may debut from Delhi
Indian Railways is set to launch its first Vande Bharat Sleeper service from Delhi, covering approximately 1,000 km to destinations like Ahmedabad, Bhopal, and Patna via Varanasi. These 24-car sleeper trains, designed for overnight journeys, can reach a maximum speed of 180 km/h.
Food delivery likely to get costlier on platform fee hike, GST levy
Food delivery is set to get costlier as Zomato, Swiggy and magicpin have raised platform fees ahead of the festive season, with an additional 18% GST on delivery charges effective September 22. Swiggy now charges Rs 15, Zomato Rs 12.50 (plus GST), and magicpin Rs 10 per order. The hikes highlight rising costs in India’s food delivery sector.
Higher IPL ticket prices may squeeze franchise revenues
The GST Council's decision to increase tax on IPL match admissions to 40% from 28% is anticipated to negatively impact franchise revenues, especially for teams in smaller cities. Punjab Kings CEO Satish Menon highlighted the potential severity for franchises outside major metropolitan areas, where price sensitivity is higher.
Northern Railway September 2025 update: Full list of restored trains, new stoppages, & timing changes
Northern Railway will restore several trains from September 2025. This will ease passenger travel. Key trains like Pooja Express and Swaraj Express will be back. New stoppages at Sonagir and Hathras stations are planned. Chhattisgarh Express timings will change. Passengers should check the official website for details. RailMadad Helpline is available for assistance. These changes will improve connectivity.
GST 2.0: Cement prices set to be cheaper by ₹25-30 a bag
Cement prices in India are expected to decrease by ₹25-30 per 50 kg bag following a reduction in GST rates from 28% to 18%. While this move aims to benefit consumers, analysts believe it may not immediately trigger higher demand due to cement's price inelasticity.
Economy flyers may think twice before upgrading
Airlines in India are experiencing a surge in premium cabin demand, but a recent government tax hike on business and premium economy seats threatens this growth. While business class may remain unaffected, premium economy could suffer as price-sensitive economy passengers reconsider upgrades. The tax increase adds to ticket costs, potentially hindering India's competitiveness as an aviation hub.
Urban Company IPO payday; Side effects of CBD wellness rush
Happy Thursday! Urban Company investors look at lucrative returns as the unicorn gets ready to list. This and more in today’s ETtech Morning Dispatch.
EU trade chief heads to India as deal talks make 'rapid progress', New Delhi says
EU trade chief Maros Sefcovic is scheduled to visit New Delhi next week, signaling significant advancements in the ongoing negotiations for a free trade agreement. Indian trade minister Piyush Goyal highlighted the "rapid progress" made in discussions with the EU, aiming for a deal by year-end. This development occurs amidst recent tariff hikes by the U.S. on Indian goods.
Pay more for IPL matches; movie tickets under ₹100 get cheaper
The GST Council has raised tax on sporting events like IPL to 40% while easing levies on cinema tickets under ₹100, now taxed at 5%. Higher-priced movie tickets remain at 18%. The move balances revenue from marquee sports with relief for small-ticket entertainment, despite industry calls for broader cuts.
RVNL, Texmaco joint venture set to operationalise by November to boost rail infrastructure
Rail Vikas Nigam Limited and Texmaco Rail & Engineering Limited will form a joint venture. The aim is to develop India's railway sector. A new company will be incorporated by November. The company will focus on railway projects in India and abroad. The total investment for the JV is Rs 200 crore.
GST impact: Like premium air travel tickets, will premium railway tickets cost more after GST 2.0?
Get ready for changes in Goods and Services Tax or GST on air travel. From September 22, 2025, premium air tickets will cost more with an 18% GST. Economy class tickets will remain at 5%. Train tickets will not change. AC and premium train tickets will continue with a 5% GST. Non-AC train travel will remain exempt from GST.
Zara, Levi’s, Lacoste among global fashion brands that may be hit by new GST rates
India's tax overhaul is set to reduce prices on various goods, but global fashion brands face higher levies on apparel exceeding $29. This move impacts premium wear, affecting brands like Zara and Levi Strauss, as young, brand-conscious consumers may become price-sensitive.
GST hike on apparel above ₹2,500 to hit demand: Industry
The Clothing Manufacturers Association of India (CMAI) called the decision a big blow to the middle class and the organised sector of garment manufacturers, who it said are already impacted by the tariff war.
Oil prices extend losses on OPEC+ considers another output hike
Oil prices decreased on Thursday. Investors are waiting for the OPEC+ meeting this weekend. Producers will consider increasing output targets. Brent crude and U.S. West Texas Intermediate crude both fell. OPEC+ may raise production in October. The group seeks to regain market share. U.S. crude stocks rose last week, according to the American Petroleum Institute.
Market Snapshot: Range-bound trading continues as metals shine amid global cues
Indian equity markets displayed a range-bound trade today, with Bank Nifty managing to remain in the green despite recent volatility. Investors are weighing news developments alongside technical trends, trying to gauge whether short-term headlines will steer the market or if chart trajectories will dictate the next move.
SBI to provide up to Rs 1.6 crore insurance cover to Railway employees with SBI salary accounts
Indian Railways and SBI have partnered to provide enhanced insurance coverage for railway employees. Under the MoU, employees with salary accounts will receive a personal accident cover of ₹1 crore for permanent total disablement, a significant increase from previous limits. Additionally, the agreement includes ₹1.
GST panel calls for steep levies on luxury EVs in blow for Tesla, BMW
GST Council panel has suggested significant consumer levy increases on luxury electric vehicles priced above $46,000, potentially impacting Tesla, Mercedes-Benz, BMW, and BYD sales. This proposal contrasts with Prime Minister Modi's broader tax reform efforts, which aim to reduce taxes on many goods.
GST push, lower rates could power consumption despite tariff shock: Vikas Khemani
Despite tariff concerns, market veteran Vikas Khemani remains bullish on India’s growth story, citing GST rationalisation and falling interest rates as key consumption drivers. He warns investors against chasing hype-driven valuations, urging focus on fundamentals and long-term opportunities.
Indian Railway records 8.5% growth in freight loading during August 2025
Indian Railways freight loading surged to 673.64 million tonnes between April and August 2025, surpassing the previous fiscal year's 653.22 MT. This growth occurred despite rationalized coal loading due to rains and moderating power demand.
Ashish Kachoia-backed Vikran Engineering IPO allotment likely today. Check status, GMP and other details
Vikran Engineering’s Rs 772-crore IPO allotment is likely to be finalised today after receiving 24.87x subscription. Backed by Ashish Kacholia and Mukul Agarwal, the EPC firm holds a Rs 24,400-crore order book. Shares are trading at a 6% GMP ahead of Wednesday’s listing.
Morgan Stanley initiates coverage on CG Power, sets Rs 799 target; stock jumps 4%
CG Power shares: Morgan Stanley initiated coverage on multibagger CG Power with an ‘Overweight’ rating and a ₹799 target, calling it a proxy for India’s manufacturing growth. Shares rose 4% after the call, with the brokerage citing strong positioning in motors, power systems.
China to reimpose specialty fertilizer export curbs from Oct, India braces for price surge: SFIA
India's specialty fertiliser sector anticipates new supply issues. China plans to reinstate export restrictions starting in October. This could lead to price increases for farmers. Rajiv Chakraborty of the Soluble Fertilizer Industry Association shared this. Companies are trying to secure supplies before the restrictions begin. Indigenous supplies might help later. India heavily relies on Chinese specialty fertiliser imports.
Railway Board Chairman Satish Kumar gets one year extension
Satish Kumar's tenure as Chairman Railway Board is extended. The Appointments Committee of Cabinet made the decision. Kumar will now retire on September 1, 2026. He assumed the role of Chairman and CEO on September 1, 2024. Kumar is an officer from the 1986 batch. His work includes the Fog Safe Device.
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