India’s Q1 GDP growth at 6.7 percent still towers over rest of the world

The latest estimates put out by the National Statistical Office (NSO) showed that India’s real or inflation-adjusted gross domestic product (GDP) grew 6.7 percent in the April-June quarter, slower than the previous quarter's 7.8 percent and 8.2 percent growth in the same quarter of the previous year. The Indian economy remains by far the fastest-growing major economy in the world, amid comparatively stronger bullish prospects. Read here

Take a look at these key events

Today
NBCC board to consider issue of bonus shares
Meerut to Lucknow: New Vande Bharat Express inaugural run
MUDA case: HC to hear on CM Siddaramaiah's prosecution
MUDA case: Congress to hold 'Raj Bhavan Chalo' march
Karnataka: Cong to hold ‘Raj Bhavan Chalo’ march demanding prosecution of HD Kumaraswamy
SC to host National Conference Of District JudiciaryTomorrow
New TRAI rules to come into effect
New credit card rules
GST payers with no valid bank account barred from filing GSTR-1 from tomorrow
NDA and CDS Exam
Shivaji statue collapse: MVA to hold protest march
UAE launches two-month visa amnesty program
MahaRERA to launch new MahaCRITI website
Malaysia to increase visa filing fees for expatriates and dependants
Delhi Police to relaunch upgraded traffic mobile application
Toll fee at 25 toll plazas in Tamil Nadu to be hiked
Aero lounge at Kochi airport to be launched

Brokerages remain bullish as Reliance Industries aims to double EBITDA, expand O2C, retail, and new energy

Reliance Industries Ltd has announced plans to double its EBITDA by 2030 at its 47th annual general meeting, boosting investor confidence. The conglomerate will focus on expanding its oil-to-chemicals sector, advancing digital and retail efforts, and investing in new energy ventures. According to brokerage Motilal Oswal, both RJio and Reliance Retail are likely to record 25% and 19% EBITDA CAGR over FY24-26, respectively. “The growth would be driven by footprint additions, new categories in the retail sector, a focused approach to subscriber growth, and tariff hikes in the telecom business,” the brokerage said. Read more here

GST Council likely to exempt term life insurance from tax, no change in investment-linked plans

The GST Council is expected to exempt term life insurance policies from the goods and services tax (GST) while continuing to tax insurance policies with an investment component, a decision that could boost demand for pure protection policies. The decision is likely to be formalised in the GST Council meeting on September 9, a senior government official said, requesting anonymity. While the exemption on term life insurance is expected to encourage more individuals to opt for basic life coverage, the continued taxation on investment-linked life insurance plans may have a contrasting effect. Read more here

All you need to know how to ensure tax-efficient inheritance

Most people equate estate planning with writing and registering a will, but that is just one part. For larger estates, you must create family trust structures, assign Power of Attorney to the right member, and also engage in succession planning. Read on

The Drive Report: Maserati Grecale Trofeo

Maserati’s first big sales success in recent times came from the Levante so it stands to reason that a follow-up act would tread similar ground. That’s what the Grecale SUV is about. A more compact but just as luxurious everyday SUV, boasting flamboyant Italian styling and far better driving dynamics than the larger Levante. The Grecale is the latest weapon in Maserati’s offensive to sustain sales momentum and keep the brand in the green. Having officially arrived in India in three forms – GT, Modena and Trofeo – it goes up against the likes of the Porsche Macan GTS. Can the latest Maserati super-SUV's explosive mix of performance and charisma help deliver what its rivals cannot? Find out

Motorola Razr 50 set to launch in India on September 9

Motorola is set to expand the Razr 50 foldable series, as the company is set to launch the vanilla Motorola Razr 50 in India soon. The brand has confirmed on social media platform X that this upcoming foldable smartphone will launch on September 9 and has placed a microsite on the e-commerce platform Amazon. It is also confirmed to come with a 3.6-inch cover-screen display, similar to last year’s Motorola Razr 40 Ultra. Expected specs, price, and more here