Devastating earthquakes in Afghanistan's Kunar and Nangarhar provinces have claimed over 2,200 lives and injured thousands, leaving survivors homeless and in dire need of assistance. Rescue efforts continue amidst challenging conditions, with international aid agencies warning of dwindling resources and a looming humanitarian crisis.
SoftBank Group has divested a 2.15% stake in Ola Electric over nearly two months, reducing its holding to 15.68%. Despite this sale, Ola Electric shares experienced a recent surge, fueled by government incentives and PLI scheme approval. However, a GST cut on traditional two-wheelers and SoftBank's stake sale led to a 7% drop in share price.
The Goods and Services Tax (GST) Council has reduced insurance GST rates from 18% to zero. This change applies to policy renewals after September 22, 2025, and new policies. The Insurance Regulatory Development Authority of India (IRDAI) clarified that existing policies and advance payments are not eligible for refunds. Nirmala Sitharaman announced this will make insurance more affordable.
