Trump Holds Off Tariffs, Finance Secretary On GST Rationalisation, Tata Chemicals Q3 Loss

In information again house, Finance and Income Secretary Tuhin Kanta Pandey has stated that the rationalisation of charges below the products and providers tax regime is an train that must be carried out. Addressing a FICCI occasion on Monday, Pandey stated that there’s “hope that we will perform rationalisation in GST as effectively.” His feedback got here within the backdrop of discount of revenue tax charges and restructuring of tax slabs, as introduced within the Union Finances 2025 on Saturday.

In different information, Sapna Govind Rao, a minority shareholder holding 500 shares in Religare Enterprises Ltd., has made an enchantment towards a single-judge order within the Delhi Excessive Court docket, which shot down a proposal by US-based businessman Danny Gaekwad to purchase a big stake within the firm. The courtroom is prone to hear the case on Wednesday. Earlier, the Excessive Court docket choose had refused to remain Religare’s Annual Basic Assembly and had termed the Gaekwad supply infructuous.

For his half, Gaekwad has written letters to Securities and Alternate Board of India in addition to the Reserve Financial institution of India, in search of exemptions to submit a bid towards the Burman household for almost all stake in Religare Enterprises.

In earnings, Tata Chemical substances reported a shock loss within the third quarter of this monetary 12 months, lacking analysts’ estimates. The corporate posted a lack of Rs 53 crore for the quarter ended December, in comparison with a revenue of Rs 158 crore in the identical quarter of the earlier fiscal. Analysts had anticipated a revenue of Rs 191-crore.

The corporate attributed the underperformance to decrease soda ash pricing throughout geographies and better mounted price within the US, because of plant manufacturing outage throughout the quarter.

Energy Grid Corp.’s consolidated web revenue fell 4.13% within the third quarter of the present monetary 12 months, lacking analysts’ estimates. The state-run energy transmission main posted a revenue of Rs 3,861.6 crore compared to Rs 4,028.5 crore within the year-ago interval, in line with an trade submitting on Monday. Analysts tracked by Bloomberg had set a consensus estimate of Rs 4,031 crore.