GST rejig: Group of Ministers accepts the Centre's rate rationalisation proposal, which includes consolidating the slabs into two — 5 per cent and 18 per cent, and scrapping the 12 per cent and 28 per cent slab rates.
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As the Indian stock market grapples with high valuations and stagnant earnings, expert Trivesh D of Tradejini highlights sectors poised for growth amid the uncertainty. With GST reforms in play and a focus on niche opportunities, investors must stay vigilant in this evolving landscape.
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The spread between the RBI repo rate at 5.50% and the 10-year government bond yield at recent high of 6.54% stands at around 104 basis points, reflecting a modestly upward-sloping yield curve.
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Letter to home minister warns The Promotion and Regulation of Online Gaming Bill, 2025, could wipe out a ₹2-trillion sector employing over 200,000 people
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The move to regulate online gaming makes sense, but the proposal to ban any game with a monetary dimension is a total mistake.
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Godfrey Phillips India's stock rebounded 13.5% to ₹10,975 after recent declines. The company's strong quarterly results initially boosted shares, but fears of a 40% GST on sin goods caused volatility. The firm reported significant revenue growth and strengthened partnerships during June quarter.
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The Indian stock market faces mixed signals with optimism from GST reforms and S&P upgrades, while challenges arise from tariffs and weak earnings. Experts suggest focusing on value stocks like PSU banks, infrastructure, and energy for long-term gains amid market volatility.
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Stocks to buy: Axis Securities' top conviction ideas include Hero MotoCorp and Bajaj Auto in two-wheelers, Ashok Leyland in commercial vehicles, and Mahindra & Mahindra in passenger vehicles and tractors, supported by its strong SUV portfolio and tractor leadership.
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The Indian stock market stayed in positive territory for the fourth consecutive session on Tuesday, August 19, as GST rationalisation and India’s credit rating upgrade kept investor risk appetite intact.
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Stock market today:The benchmark Nifty 50 Index ended just short of the psychological hurdle of the 25,000 mark. The experts say that one may expect Nifty to move up further in the short term and could reach the upside target of 25300 in the near term. Immediate support is placed at 24850.
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