Morgan Stanley expects select steel stocks to outperform the broader India Materials sector over the next few months. The brokerage upgraded its ratings on JSW Steel, Tata Steel, and SAIL, while maintaining an Equalweight stance on Jindal Steel & Power.
Read MoreNothing focuses the mind like a commonly felt external threat. Suddenly, the quagmire that had developed in India’s goods and services tax (GST) regime has been cleaned up. Even though the GST Council had begun to discuss changes some time ago, those discussions were gridlocked. Voila, just this week, we have GST rate simplification, thanks to US President Donald Trump’s 50% effective tariff on India.
Read MoreNew Delhi, Sep 8 (PTI) Auto stocks continued to remain on buyers' radar on Monday, fuelled by hopes of demand recovery following the recent GST rate cut announcement.
Read MoreInvesting in bonds is essential for portfolio diversification and stability, especially during equity market volatility. Recent economic changes and interest rate trends in India present a favorable opportunity for bond investments, with yields now more attractive than traditional fixed deposits.
Read MoreThe Nifty Auto index climbed 3.4% to 27,220 points, driven by a rally in auto stocks following GST rate cuts. Automakers like Tata Motors and Mahindra announced significant price cuts across key models.
Read MoreNew Delhi, Sep 8 (PTI) The government is working on a comprehensive package to support Indian exporters impacted by a steep 50 per cent tariff imposed by the US, Finance Minister Nirmala Sitharaman has said, asserting a multi-departmental engagement is underway to assess the impact on Indian shipments.
Read MoreThe Nifty 50 and Sensex started positively, driven by global signals and GST rate cuts, yet concerns linger about sustaining gains. Analysts suggest short-term global trends will dominate, while the GST reforms may boost consumer demand post-September 22.
Read MoreThe Supreme Court clarified that all proceedings pending before the high courts regarding challenges to the new gaming law will now be heard only by the top court, and the high courts will not entertain any petition on related cases.
Read MoreSource: https://taxguru.in/goods-and-service-tax/cbic-warns-fake-gst-transition-benefit-news.html
The Central Board of Indirect Taxes and Customs (CBIC) today issued a stern clarification, dismissing a widely circulated social media message that falsely claimed new Goods and Services Tax (GST) transition benefits would be implemented from September 22, 2025.
Read MoreAudi India has slashed prices across its lineup after GST 2.0 reduced the overall tax on passenger vehicles. Customers benefit between ₹2.60–7.80 lakh, with models like Q3, A4, Q5, A6, Q7, and Q8 seeing major cuts.
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