Business
Modi Govts MASSIVE Festive Bonanza: GST Council Approves 2-Slabs Tax Structure; To Be Implemented From 22 September 2025

New Delhi: GST Council Meeting: The 56th meeting of the GST Council that kick off on Tuesday morning has announced the much anticipated big-bang reforms in GST tax structure.
The GST Council has accepted Group of Minister’s (GoM) proposal to retain two slabs — 5 percent and 18 percent.
Till date, As per Indian GST rules, a four-slab GST system was being followed — 5 percent, 12 percent, 18 percent, and 28 percent — along with an additional cess on sin and luxury goods.
Business
Donald Trump tariffs: US 40% trans-shipment levy intended for China could end up hitting Asean supply chains including India; Moody’s flags risks – The Times of India

The 40 per cent trans-shipment tariff recently announced by the United States is expected to create significant compliance challenges for companies in India and the ASEAN region, particularly in sectors such as machinery, electrical equipment and semiconductors, Moody’s Ratings said on Tuesday.In July, US President Donald Trump imposed the tariff on goods deemed to have been transshipped, adding to broader country-level tariffs. Moody’s noted that the administration has yet to clarify the precise definition of trans-shipment, though the measures appear aimed at products originating in China and routed through third countries with lower duties, as per news agency PTI.“The lack of clarity around the trans-shipment tariff poses risks to ASEAN economies. If the US maintains a narrow interpretation—targeting only minimally processed Chinese goods re-exported to the US—the impact may be limited. However, a broader approach, covering goods with any significant Chinese input, could damage the Asia-Pacific supply chain,” the report said.Moody’s highlighted that private sector exporters will likely face heightened due diligence and certification requirements, needing to prove “substantial transformation” of goods to avoid penalties. The sectors most exposed include machinery, electrical equipment, semiconductors, and consumer optical products, with trans-shipped goods concentrated in intermediate inputs rather than final consumer items.Trans-shipment, a legal practice involving the transfer of goods through hubs such as ports and rail terminals, supports logistical efficiency and supply chain flexibility. However, it can also be used to obscure product origin to evade tariffs—a concern the US seeks to address with this new measure.While Moody’s indicated that Asean’s manufacturing competitiveness will largely remain intact, noting lower labour costs and ongoing “China+1” diversification strategies, the rating agency warned that the tariff could disrupt regional supply chains and increase operational costs for companies heavily reliant on Chinese inputs.Countries most exposed include Vietnam, Malaysia, and Thailand, given their deep integration with Chinese supply chains, with key sectors facing potential credit pressures spanning electronics, solar energy, automotive, machinery, and semiconductors.India could face similar compliance and operational challenges in sectors such as machinery, electrical equipment and consumer optical products, including semiconductors.The move signals the US administration’s increased scrutiny of global trade flows, especially concerning tariff evasion, and may compel companies to reassess sourcing, certification, and logistical arrangements across Asia-Pacific markets.
Business
Industrial leasing boom: India’s top 8 cities see 28% rise; Delhi-NCR leads with 11.7 million sq ft – The Times of India

Leasing of industrial and warehousing spaces across India’s eight major cities surged 28 per cent to a record 37 million sq ft during January-September 2025, driven by robust demand in Delhi-NCR, according to real estate consultancy CBRE. In comparison, total leasing across these top cities—including Delhi-NCR, Bengaluru, Mumbai, Hyderabad, Chennai, Pune, Kolkata, and Ahmedabad—stood at 28.8 million sq ft in the same period of 2024.As per news agency PTI, CBRE’s latest ‘India Market Monitor Q3 2025 – Industrial & Logistics’ report highlighted that Delhi-NCR accounted for the largest share of leasing activity at 11.7 million sq ft, followed by Bengaluru at 5.7 million sq ft and Hyderabad at 4.6 million sq ft.
Collectively, these three cities contributed 59 per cent of total space take-up. Mumbai and Kolkata registered leasing of 4.2 million sq ft and 3.8 million sq ft, respectively.Anshuman Magazine, chairman & CEO – India, South-East Asia, Middle East & Africa at CBRE, said, “The demand is largely led by the expansion of Third-Party Logistics (3PL) providers and the accelerated deployment of quick commerce. Companies are increasingly focused on supply chain optimisation and resilience, driving a mandate for sophisticated, high-specification Grade A assets that support automation and reduce last-mile friction.”As per PTI, Ram Chandnani, managing director, advisory & transaction services, India at CBRE, added that this momentum is expected to continue as businesses focus on optimising supply chains and expanding their footprints.During the January-September period, new supply reached 23.8 million sq ft, with institutional investor-backed developers continuing to expand. Bengaluru, Chennai, and Mumbai together accounted for 62 per cent of the total new supply in the first nine months of the year, the report noted.
Business
Coca-Cola tops earnings and revenue estimates but says demand for drinks is still soft

Sina Schuldt | Picture Alliance | Getty Images
Coca-Cola reported its fiscal third-quarter earnings before the bell on Tuesday.
Here’s what the company reported compared with what Wall Street analysts surveyed by LSEG were expecting:
- Adjusted earnings per share: 82 cents adjusted vs. 78 cents expected
- Adjusted revenue: $12.41 billion adjusted vs. $12.39 billion expected
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