Category Archives: business

business, finance, insurance, policy, regulation

Insurers to pass full GST benefit to customers

Leave a comment

**Insurers to Pass Full GST Benefit to Customers**
*By Akash Pandey | Sep 21, 2025, 06:47 PM*

Insurance companies are preparing to implement the new Goods and Services Tax (GST) rates starting Monday. According to industry insiders, insurers will pass on the entire GST reduction directly to customers without altering product prices for the time being.

This initiative is expected to boost demand slightly, as many customers had postponed their insurance purchases in anticipation of the new tax regime.

**Implementation Status**

While some insurers are ready with their entire product portfolio updated to reflect the new GST rates, others may initially offer only their best-selling products. This phased approach will continue until all offerings are aligned with the revised tax structure.

This move is part of a broader industry effort to comply with the updated tax regulations while maintaining affordable insurance options for consumers.

**Margin Concerns**

Despite passing on the GST cut, insurers remain cautious about the potential impact on profit margins due to the withdrawal of input tax credit. The revised tax structure is seen as part of the government’s wider strategy to simplify and streamline taxation across sectors.

However, the long-term effects of these changes on both businesses and consumers are yet to be fully understood.
https://www.newsbytesapp.com/news/business/insurers-to-pass-on-gst-reduction-to-customers/story

business, finance, investigations, regulation

Adani Group demands accountability from Hindenburg after $150B losses

Leave a comment

**Adani Group Demands Accountability from Hindenburg Following $150 Billion Losses**

*By Akash Pandey | Sep 21, 2025, 05:26 PM*

The Adani Group is calling for accountability from Hindenburg Research after the US-based firm’s allegations led to a staggering loss of nearly $150 billion in shareholder value.

### SEBI Clears Adani Group of Violations

The Securities and Exchange Board of India (SEBI) recently concluded its investigation and cleared the conglomerate of any related-party violations under existing laws. A source close to the group questioned who would be held responsible for the massive losses suffered by millions of investors following Hindenburg’s report.

### Market Response: Stocks Rally After SEBI’s Clean Chit

Following SEBI’s ruling, the stocks of nine companies under the Adani Group witnessed gains ranging from 0.3% to 12.4%. Adani Power emerged as the biggest gainer, climbing 12.4% in stock price.

Despite this positive momentum, the combined market capitalization of these companies remains below ₹14 lakh crore, which is significantly lower than the pre-allegation peak of over ₹19 lakh crore.

### Regulatory Scrutiny Finds No Evidence of Wrongdoing

SEBI had launched a thorough investigation in 2023 in response to the Hindenburg allegations. The regulator found no evidence of fraud, market manipulation, or diversion of funds.

Additionally, a six-member committee appointed by the Supreme Court to examine the claims also cleared the Adani Group of any wrongdoing.

—

The developments mark a crucial chapter in the ongoing saga between the Adani Group and Hindenburg Research, highlighting the impact of financial allegations on market valuations and investor sentiment.
https://www.newsbytesapp.com/news/business/adani-seeks-accountability-as-sebi-dismisses-hindenburg-allegations/story

business, corporate, economy, finance, stock market

Market cap of India’s top 7 firms up ₹1.18L crore

Leave a comment

**Market Cap of India’s Top 7 Firms Jumps by ₹1.18 Lakh Crore**

*By Dwaipayan Roy | September 21, 2025, 02:58 PM*

The combined market capitalization of seven of the top 10 most valuable companies in India saw a substantial increase of ₹1.18 lakh crore last week. This surge was primarily driven by gains in State Bank of India (SBI) and Bharti Airtel, reflecting a broadly positive trend in the equities market.

The Bombay Stock Exchange (BSE) benchmark index also experienced a boost, rising by 721.53 points, or 0.88%, during the same period.

**Market Leaders SBI and Airtel Lead the Charge**

SBI’s market valuation soared by ₹35,953.25 crore, reaching ₹7,95,910 crore. Close behind, Bharti Airtel’s valuation jumped by ₹33,214.77 crore to ₹11,18,952.64 crore. Reliance Industries also registered a significant increase, with its market capitalization rising by ₹17,389.23 crore to ₹19,04,898.51 crore.

Additionally, Tata Consultancy Services (TCS) saw its valuation climb by ₹12,952.75 crore, bringing it to ₹11,46,879.47 crore.

**Other Notable Gainers: LIC and Infosys**

Life Insurance Corporation (LIC) and Infosys also recorded considerable gains. LIC’s market cap grew by ₹12,460.25 crore to ₹5,65,612.92 crore, while Infosys’s valuation increased by ₹6,127.73 crore to ₹6,39,901.03 crore.

HDFC Bank witnessed a modest rise in its market capitalization, up by ₹230.31 crore, reaching ₹14,84,816.26 crore.

**Companies Facing Decline in Market Capitalization**

On the other hand, three companies experienced a dip in their market value. ICICI Bank’s market cap fell by ₹10,707.87 crore to ₹10,01,654.46 crore. Bajaj Finance saw its valuation decrease by ₹6,346.93 crore, down to ₹6,17,892.72 crore. Hindustan Unilever also recorded a decline of ₹5,039.87 crore, bringing its market cap to ₹6,01,225.16 crore.

—

Overall, the positive momentum in India’s equity markets was largely supported by strong performances from SBI, Bharti Airtel, and Reliance Industries, signaling robust investor confidence in these leading firms.
https://www.newsbytesapp.com/news/business/top-7-m-cap-gainers-add-1-18l-crore-last-week/story

business, corporate, economy, finance, stock market

Market cap of India’s top 7 firms up ₹1.18L crore

Leave a comment

**Market Cap of India’s Top 7 Firms Surges by ₹1.18 Lakh Crore**

*By Dwaipayan Roy | Sep 21, 2025, 02:58 PM*

The combined market capitalization of seven out of the top 10 most valuable companies in India witnessed a massive jump of ₹1.18 lakh crore last week. This surge was primarily driven by strong performances from State Bank of India (SBI) and Bharti Airtel, amid a broadly positive trend in the equity markets.

The Bombay Stock Exchange (BSE) benchmark index also reflected this optimism, rising by 721.53 points or 0.88%.

### Market Leaders SBI and Bharti Airtel Lead the Gains

State Bank of India saw its market valuation soar by ₹35,953.25 crore, reaching ₹7,95,910 crore. Bharti Airtel closely followed with an increase of ₹33,214.77 crore, lifting its market cap to ₹11,18,952.64 crore.

Reliance Industries also experienced a significant rise, adding ₹17,389.23 crore to touch a valuation of ₹19,04,898.51 crore.

Tata Consultancy Services (TCS) posted an increase of ₹12,952.75 crore, taking its market capitalization up to ₹11,46,879.47 crore.

### Other Notable Gainers: LIC and Infosys

Life Insurance Corporation (LIC) saw its valuation climb by ₹12,460.25 crore, reaching ₹5,65,612.92 crore. Infosys also recorded gains, with its market cap increasing by ₹6,127.73 crore to ₹6,39,901.03 crore.

HDFC Bank’s market capitalization rose marginally by ₹230.31 crore, closing at ₹14,84,816.26 crore during the week.

### Market Laggers: ICICI Bank, Bajaj Finance, and Hindustan Unilever

On the downside, three firms witnessed declines in their market capitalizations last week. ICICI Bank’s valuation decreased by ₹10,707.87 crore to ₹10,01,654.46 crore.

Bajaj Finance and Hindustan Unilever also saw drops, with market caps falling by ₹6,346.93 crore and ₹5,039.87 crore, respectively. This brought Bajaj Finance’s valuation down to ₹6,17,892.72 crore and Hindustan Unilever’s to ₹6,01,225.16 crore.

—

The overall surge in market caps reflects renewed investor confidence in India’s blue-chip companies, particularly the banking and telecommunications sectors, while some pockets saw profit booking and corrections.
https://www.newsbytesapp.com/news/business/top-7-m-cap-gainers-add-1-18l-crore-last-week/story

business, entertainment, sports

Vince McMahon appears at WWE Wrestlepalooza: Blink and you miss it cameo

Leave a comment

Former WWE chairman Vince McMahon made a surprise cameo at the start of Wrestlepalooza on Saturday.

This appearance marked his first involvement with the event since stepping down from his role as executive chairman of TKO in January 2024. McMahon has not been part of the company since his resignation earlier this year.
https://www.sportskeeda.com/wwe/news-vince-mcmahon-appears-wwe-wrestlepalooza-blink-miss-cameo

business, entertainment, football, la liga, sports

Mallorca vs Atletico Madrid Prediction and Betting Tips | 21st September 2025

Leave a comment

The 2025-26 edition of La Liga is back in action this weekend, featuring an important encounter as Mallorca lock horns with Diego Simeone’s Atletico Madrid at the Estadi Mallorca Son Moix on Sunday. Both teams have experienced contrasting fortunes over the past year and will be eager to secure a win in this matchup.

### Mallorca vs Atletico Madrid Preview

Mallorca currently sit in 19th place in the La Liga standings and have struggled to make a significant impact so far this season. The home side suffered a narrow 3-2 defeat at the hands of Espanyol last week and will need to work hard to bounce back in this fixture.

Atletico Madrid, on the other hand, are positioned 11th in the league table at the moment. The team has been inconsistent throughout the season. In their previous game, Los Colchoneros faced a 3-2 defeat against Liverpool in the UEFA Champions League and will be looking to prove their mettle this weekend.

### Mallorca vs Atletico Madrid Head-to-Head and Key Numbers

Atletico Madrid boast an excellent recent record against Mallorca, having won 17 of the last 35 matches played between the two sides, compared to Mallorca’s nine victories.

Notably, Mallorca have won six of their last 11 home matches against Atletico Madrid in La Liga — matching the number of wins they had achieved in the 19 such games prior to this run.

Atletico Madrid have won each of their last five La Liga encounters against Mallorca and have a chance to secure six consecutive victories against them for only the second time in the history of the competition.

Additionally, Mallorca have failed to find the back of the net in their last four La Liga matches against Atletico Madrid, highlighting the defensive strength of the visitors.

### Mallorca vs Atletico Madrid Prediction

Atletico Madrid have yet to hit their stride this season and cannot afford any slip-ups going into this game. Marcos Llorente, who scored a brace in the previous match, will be looking to make an impact once again this weekend.

Meanwhile, Mallorca have fallen short of expectations and will need to be at their very best to challenge Atletico. Given the current form and head-to-head statistics, Atletico Madrid appear to be the stronger side and are expected to secure the victory.

**Prediction:** Mallorca 1-3 Atletico Madrid

### Mallorca vs Atletico Madrid Betting Tips

– **Tip 1:** Atletico Madrid to win
– **Tip 2:** Over 2.5 goals in the game
– **Tip 3:** Atletico Madrid to score first

Get ready for an exciting clash this Sunday as Mallorca and Atletico Madrid battle it out in what promises to be a thrilling La Liga encounter!
https://www.sportskeeda.com/football/mallorca-vs-atletico-madrid-prediction-betting-tips-21st-september-2025

blockchain, business, cryptocurrency, investment, technology

How BFX Stacks Up Against BNB, TRON, Cardano, And Polkadot

Leave a comment

The crypto market in 2025 is buzzing with activity. Established projects are proving their staying power, while new entrants are offering investors opportunities for exponential growth. Among them, BlockchainFX (BFX) has emerged as one of the most talked-about presales of the year, raising millions in just weeks.

But how does it compare with market veterans like Binance Coin (BNB), TRON (TRX), Cardano (ADA), and Polkadot (DOT)? Here’s a closer look at five tokens shaping the market right now.

### 1. BlockchainFX (BFX): The Newcomer with Multi-Market Ambitions

BlockchainFX is currently in its presale phase, with over $7.7 million already raised. At just $0.024 per token, and a launch price of $0.05, early buyers are securing an immediate upside.

What sets BFX apart is its vision: a trading super app where users can swap between crypto, stocks, forex, commodities, and ETFs seamlessly. The token rewards holders through daily USDT payouts funded by platform fees. Half of all fees are shared with stakers, while buybacks and burns reduce supply.

Investors also gain access to exclusive perks such as the BFX Visa Card, Founders Club membership, and even NFTs. With its BLOCK30 bonus code, buyers currently get 30% extra tokens, making it one of the most attractive presale offers of the year.

If BlockchainFX delivers on its promise of bridging crypto with traditional finance, BFX could become one of the breakout tokens of this cycle.

### 2. Binance Coin (BNB): The Veteran Powerhouse

BNB remains one of the most dominant exchange tokens in the market. Tied directly to Binance, the world’s largest crypto exchange, BNB is used for transaction fees, launchpad access, staking, and DeFi integration.

In 2025, it broke through the $1,000 mark, cementing its place as a blue-chip crypto asset. The BNB Chain continues to evolve, with recent upgrades improving scalability and performance. Analysts remain bullish on its mid-term outlook, projecting prices between $1,200 and $2,000 as adoption grows.

While regulatory challenges around Binance present risks, BNB’s strong ecosystem ensures it remains a core holding for many investors.

### 3. TRON (TRX): The Quiet Performer

TRON has built its reputation on speed, low fees, and high transaction throughput. It is one of the most widely used blockchains for stablecoins, especially USDT, which drives enormous daily transaction volumes.

In 2025, TRON’s price hovers around $0.34, with forecasts projecting slow but steady growth to about $0.43 by 2030. Technical indicators show TRON trending bullish in the short term, with its moving averages sloping upward.

While it may not offer explosive gains, TRON remains a reliable blockchain with a loyal community and a strong use case in payments and stablecoin transfers.

### 4. Cardano (ADA): The Long-Term Builder

Cardano is known for its careful, research-driven approach. Its focus on peer-reviewed development has sometimes slowed adoption, but it has built a solid reputation as a secure and sustainable blockchain.

In 2025, ADA is trading below its all-time highs but continues to develop through upgrades like Hydra, which enhances scalability and transaction speed. Cardano has strong backing in regions like Africa, where it is involved in projects for identity and governance.

Price predictions for ADA are conservative but positive, with expectations it could move toward the $1.50 to $2.00 range in the next few years if adoption accelerates.

### 5. Polkadot (DOT): The Web of Blockchains

Polkadot stands out for its vision of connecting multiple blockchains through its parachain ecosystem. By enabling interoperability, it allows projects to build specialized chains while still communicating with the broader network.

This gives DOT a unique position in the market, as interoperability is seen as a key challenge for the future of Web3. In 2025, DOT trades in the $6 to $8 range, with forecasts suggesting a move toward $15 or more by 2026 if parachain adoption increases.

While Polkadot hasn’t captured mainstream attention like Ethereum or Solana, its technological foundation remains one of the strongest in the space.

—

### Final Thoughts

Each of these tokens represents a different aspect of crypto’s evolution.

– **Binance Coin** is the established leader with massive utility and proven value.
– **TRON** continues to shine quietly as the backbone of stablecoin transactions.
– **Cardano** pushes forward with its methodical development.
– **Polkadot** bets on interoperability as the key to the next phase of Web3.
– **BlockchainFX**, meanwhile, offers something new: a presale opportunity that combines the high-growth potential of an exchange token with the ambitious vision of bridging crypto and traditional finance.

With its staking rewards, buybacks, Visa card perks, and the generous BLOCK30 presale bonus, BlockchainFX could be one of the most interesting projects to watch in 2025.

—

**For More Information**
Website: X:
https://bitcoinethereumnews.com/tech/how-bfx-stacks-up-against-bnb-tron-cardano-and-polkadot/?utm_source=rss&utm_medium=rss&utm_campaign=how-bfx-stacks-up-against-bnb-tron-cardano-and-polkadot

business, financial, leadership, retail

Shake-up at the top for billionaire-backed budget retailer

Leave a comment

The chief executive of Best & Less has left after just nine months in the role, marking the second early departure of a CEO at the budget retailer within a short period.

Aaron Faraguna, who previously served as chief executive at JD Sports and chief operating officer at David Jones, was appointed to lead Best & Less in January. However, the company has now confirmed that Faraguna has tendered his resignation.

In a statement, Best & Less announced that Ray Itaoui, executive chairman of Best & Less Group, has assumed day-to-day responsibilities to maintain business continuity. Faraguna will continue to be available to ensure a smooth handover, the spokesperson added.

Faraguna had publicly announced his appointment as CEO of Best & Less on LinkedIn earlier this year, expressing gratitude to Itaoui for believing in him and offering the opportunity to lead “such a talented and passionate team.”

Founded in 1965, Best & Less operates more than 200 stores across Australia. The clothing and homewares retailer is co-owned by Ray Itaoui — who became CEO of Sanity in 2007 and purchased it two years later — alongside billionaire businessman Brett Blundy.

Itaoui had personally recruited Faraguna from sneaker chain JD Sports, reconnecting after Faraguna began his retail career at Sanity in 1999. Describing the appointment earlier this year, Itaoui told The Australian Financial Review that Faraguna was “exactly what we are looking for” and possessed “the energy we need.”

Before Faraguna’s appointment, Best & Less had announced in April 2023 that former The Iconic CEO Erica Berchtold would be joining as its incoming chief executive. However, in May, Itaoui and Blundy made a takeover bid for the discount fashion retailer.

By late June — months before Berchtold was due to start in September — the company and Berchtold agreed not to proceed with her appointment. Itaoui then assumed the CEO responsibilities himself.

In July 2023, Itaoui and Blundy delisted Best & Less from the Australian Securities Exchange, privatising the company two years after its initial public offering.

Reflecting on the role, Berchtold told Australian businessman Mark Bouris on his podcast, The Mentor, in August 2023: “I resigned, I quit my job, I signed up. I wasn’t allowed to start straight away, and that was fine because I wanted to do the right thing by The Iconic and see out my notice period. During that notice period, the company got bought out, privatised, and the role I wanted — the role I signed up for — was no longer the role that was there. That role just wasn’t there anymore.”

Today, Itaoui co-owns Best & Less alongside Brett Blundy, who is also the founder of Lovisa and holds a 40% stake in Dissh.

A spokesperson for Best & Less declined to answer further questions, and Itaoui was unavailable for interview.

In the 12 months to June 30, 2024, Best & Less reported a 2.2% decline in sales to $625.1 million. Despite the fall in revenue, net profits nearly doubled to $17.5 million from $9.1 million in 2023, according to the company’s most recent financial report filed with the corporate regulator.

—

*The Business Briefing newsletter delivers major stories, exclusive coverage, and expert opinion. Sign up to get it every weekday morning.*
https://www.theage.com.au/business/companies/shake-up-at-the-top-for-billionaire-backed-budget-retailer-20250919-p5mwhn.html?ref=rss&utm_medium=rss&utm_source=rss_business

automotive, business, electric vehicles, luxury, technology

Porsche 718 Boxster and Cayman to retain their combustion engines

Leave a comment

**Porsche 718 Boxster and Cayman to Retain Combustion Engines**

*By Dwaipayan Roy | Sep 20, 2025, 06:46 PM*

**What’s the Story?**

Porsche has announced a significant shift in its electric vehicle strategy. The next-generation 718 Boxster and Cayman models will continue to offer combustion engine options for their “top” variants. This move aligns with the automaker’s broader plan to revamp the combustion engine and plug-in hybrid versions of the Cayenne and Panamera, ensuring these models remain relevant well into the 2030s, according to Porsche CEO Oliver Blume.

**Strategic Shift and Financial Impact**

As part of this strategy, Porsche will halt the development of the SSP 61 ‘Sport’ version of Volkswagen Group’s platform, resulting in a €1.8 billion financial hit. Originally, this platform was intended to support the K1 large SUV, along with electric successors for the Panamera and Taycan. Blume explained that the decision reflects a “clear drop in demand for exclusive battery-electric cars.”

**Update on the K1 Model**

The much-anticipated K1, described by Porsche as a ‘D-SUV,’ will now launch with combustion engine and plug-in hybrid variants instead of being fully electric. However, the company has not disclosed a specific launch date for this model. The change in plans follows a noticeable decline in luxury good demand in China, coupled with the US’s imposition of higher tariffs on imported vehicles.

**Financial Outlook**

These combined challenges are expected to reduce Porsche’s predicted net profit margin to around 2% for the current year. Nevertheless, the company remains optimistic about the medium-term outlook, aiming to boost margins above 10% with the introduction of new products.

Blume emphasized the company’s confidence in its revised approach:
*”This flexibility gives us a strong position with a compelling mix of combustion engines, plug-in hybrids, and battery electric vehicles.”*

—

With this strategic pivot, Porsche is balancing tradition and innovation to adapt to shifting market demands while maintaining its renowned performance legacy.
https://www.newsbytesapp.com/news/auto/porsche-to-offer-combustion-engines-in-next-gen-718-models/story

business, international trade, politics, real estate, technology

Trump’s new visa policy could hit India’s real estate market

Leave a comment

**Trump’s New Visa Policy Could Impact India’s Real Estate Market**

*By Akash Pandey | Sep 20, 2025, 07:13 PM*

US President Donald Trump has introduced a new visa policy that is set to influence India’s real estate market significantly. Starting September 21, 2025, a hefty $100,000 annual fee will be imposed on most H-1B visa petitions. This development is expected to impact the residential property segment in Indian metro cities notably, while the commercial real estate sector might experience different effects, particularly through the operations of Global Capability Centres (GCCs).

### Major Impact on Indian Metro Cities

In the fiscal year 2024, over 71% of H-1B visa approvals went to Indian nationals. Experts believe that the new fee will discourage US onsite deployments and reduce overseas hiring. This shift could directly affect remittance-driven home buying and long-term housing decisions among Indian tech professionals.

Real estate specialists warn that cities such as Bengaluru, Hyderabad, Pune, and Gurugram are especially vulnerable to a slowdown due to this policy change.

### Housing Market Risks

Industry experts have highlighted three primary risks to India’s residential real estate market due to this policy:

– A decline in demand for premium housing.
– Delays in property purchase decisions as US relocations get postponed.
– Slower absorption of mid-to-high-end residential projects targeted at technology sector buyers.

A real estate consultant based in the Delhi NCR region noted that the sudden increase in visa costs is likely to dampen the sentiments of families planning overseas relocations, which could reduce property investments back home.

### The Role of Remittances in Housing Demand

Pareekh Jain, CEO of Pareekh Consulting, pointed out that remittances have been a major driver of housing demand in India. Although primary housing demand may rise due to some individuals returning from the US or moving to Indian metros, overall investment demand in the real estate sector is expected to weaken amid reduced remittances and increased job insecurity.

Similarly, Vishal Raheja, Founder and MD of InvestoXpert, emphasized that the increased H-1B visa fee is likely to affect housing demand negatively.

### Potential Boost for Commercial Real Estate

Despite challenges facing the residential sector, commercial real estate might see a potential upswing. American companies may accelerate the growth of their Global Capability Centres (GCCs) in India as they rethink staffing strategies in response to the new visa costs.

Indian metro cities could witness increased leasing of office spaces and expanded infrastructure development driven by this shift. According to data from CBRE, GCCs currently account for 35-40% of office space absorption in major cities like Bengaluru, Hyderabad, and Pune.

### Shifting Global Investment Patterns

As developers, buyers, and investors adapt to these new conditions, India’s real estate market is likely to experience a shift towards mid-segment housing and rental ecosystems.

Akash Puri from India Sotheby’s International Realty noted that higher H-1B visa costs might encourage top Indian talent to explore luxury real estate markets in other global cities. This dynamic could create fresh demand for real estate markets that offer greater stability and enhanced lifestyle options.

—

The new H-1B visa fee represents a significant shift with wide-ranging consequences for India’s housing and commercial property sectors. Stakeholders will need to closely monitor these trends and adjust their strategies accordingly.
https://www.newsbytesapp.com/news/business/trump-s-h-1b-fee-threatens-india-s-property-boom-in-tech-hubs/story