The Indian stock market closed lower after early gains, with Nifty 50 and Sensex dropping 0.18% and 0.26%. Mid- and small-cap stocks performed well, while banking stocks were the worst hit.
Read MoreJK Tyre & Industries share price leading among the gainers jumped nearly 6 per cent on September 2. Meanwhile, MRF and CEAT shares were trading 5 per cent up.
Read MoreCorporate India, leaner than ever from efficiency gains forged through indirect tax reforms, faces a fresh challenge as the government’s GST overhaul threatens to lock up cash and lengthen working capital cycles, even as weak demand clouds their growth prospects.
Read MoreThe Indian government has announced a reduction in the indirect tax burden on consumers—to be achieved by rationalizing goods and services tax (GST) rates.
Read MoreNEW DELHI (Reuters) -An Indian tax panel has proposed steep increases in consumer levies on luxury electric cars priced above $46,000, a government document showed, a move that could impact sales of carmakers such as Tesla, Mercedes-Benz, BMW and BYD.
Read MoreExpert view: As global economic shifts loom, Indian stock markets may experience volatility. Expert insights reveal how US tariffs, domestic demand, and government reforms will shape the near-term landscape.
Read MoreMarket outlook: The imposition of a 50% tariff on Indian imports by the US from August 27 has crystallized the worst-case scenario. According to Emkay, the direct impact appears limited at ~0.5% of GDP in FY26, with negligible effect on the earnings of listed companies.
Read MoreGST collections for August 2025 is at ₹1.86 lakh crore, up 6.5 per cent YoY, according to official data.
Read MoreNew Delhi, Sep 1 (PTI) The long-term success of Goods and Services Tax (GST) lies in moving towards a single nationwide tax rate, and that GST 2.0 must act as the stepping stone by keeping to just two slabs – 5 per cent and 18 per cent – while capping the peak rate firmly at 18 per cent, not 40 per cent, a report said.
Read MoreReduce GST on automotive tyres, don't treat it on par with luxury goods: ATMA
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