Vodafone Idea shares to be in focus on Friday after GST penalty worth over ₹637 crore
  • 01 Jan 2026 06:21 PM
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Vodafone Idea shares to be in focus on Friday after GST penalty worth over ₹637 crore

Source: https://www.livemint.com/market/stock-market-news/vodafone-idea-shares-to-be-in-focus-on-friday-after-gst-penalty-worth-over-rs-637-crore-11767266528487.html

Vodafone Idea share price will be in the focus of the stock market investors on Friday, 2 Janaury 2026, after the telecom giant received a ₹637 crore goods and services tax (GST) penalty demand from the Office of the Additional Commissioner Jurisdiction - CGST, Ahmedabad, according to an exchange filing.

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India’s fiscal fault lines between Centre and states return to the spotlight
  • 01 Jan 2026 06:07 PM
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India’s fiscal fault lines between Centre and states return to the spotlight

Source: https://www.livemint.com/economy/fiscal-fault-lines-between-centre-states-back-in-focus-rural-job-guarantee-scheme-vbgramg-11767158361166.html

States argue that their autonomy is being eroded as the Union government forces them to co-finance centrally sponsored schemes that they did not necessarily approve.

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CAG flags states' fiscal stress as debt, committed spending erode revenue gains
  • 01 Jan 2026 05:56 PM
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CAG flags states' fiscal stress as debt, committed spending erode revenue gains

Source: https://www.livemint.com/news/india/cag-states-debt-spending-revenue-fiscal-stress-11767197189054.html

India's states began FY24 with improved revenue but faced fiscal stress due to rising debt and fixed spending commitments. The CAG report highlights disparities in resource generation among states and a growing rigidity in budgets, limiting investment capacity despite better tax collections.

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Exit old cess, enter new cess: Regime change for tobacco taxation from 1 February
  • 01 Jan 2026 06:02 PM

Exit old cess, enter new cess: Regime change for tobacco taxation from 1 February

Source: https://www.livemint.com/economy/regime-change-tobacco-products-taxation-cess-gst-compensation-revamp-11767201749441.html

New Delhi: The Centre on Wednesday issued an order giving effect to a new law levying a health and national security cess on tobacco and its products in place of the goods and services tax (GST) compensation cess, effective from 1 February. Separately, it also withdrew the compensation cess on tobacco products from the same date.

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India's GST collections rise 6.1% to ₹1.74 trillion in December 2025 — Details here
  • 01 Jan 2026 06:18 PM

India's GST collections rise 6.1% to ₹1.74 trillion in December 2025 — Details here

Source: https://www.livemint.com/economy/indias-gst-collections-rise-6-1-to-rs-1-74-trillion-in-december-2025-details-here-11767261041193.html

India's gross goods and services tax (GST) collections surged 6.1% to hit ₹1.74 trillion in December 2025, compared on a year-on-year (YoY) basis amid the tax cuts implemented by the central government, according to the official data released on Thursday, 1 Janaury 2026.

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Annual GST Returns Deadline Sought to Be Extended Due to Complex ITC Reporting
  • 31 Dec 2025 06:20 PM

Annual GST Returns Deadline Sought to Be Extended Due to Complex ITC Reporting

Source: https://taxguru.in/goods-and-service-tax/follow-up-representation-challenges-filing-form-gstr-9-gstr-9c-request-extension-due-date.html

The representation seeks an extension of the due date for filing Forms GSTR-9 and GSTR-9C for FY 2024-25, citing substantial practical challenges. Recent amendments have significantly increased the granularity and complexity of ITC reporting, requiring detailed bifurcation, multi-table disclosures, and intricate reconciliations spanning three financial years due to spill-over credits and reversals.

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Two-wheeler and passenger vehicle sales smash all-time records in a year of many firsts for automakers
  • 31 Dec 2025 06:06 PM

Two-wheeler and passenger vehicle sales smash all-time records in a year of many firsts for automakers

Source: https://www.livemint.com/industry/twowheeler-passenger-vehicle-sales-smash-all-time-records-automobiles-evs-maruti-hyundai-rare-earths-11767170697002.html

According to Vahan data, two-wheeler registrations grew 7% to a record 20.2 million units in 2025, while passenger vehicle registrations grew 9% to 4.38 million units, also a record.
New Delhi: India’s top manufacturers of scooters, motorcycles and cars are set to close the year on a record high, with two-wheeler retail registrations crossing 20 million and four-wheeler registrations crossing 4.3 million for the first time.

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India pips Japan to become world's fourth largest economy, says govt
  • 31 Dec 2025 05:39 PM

India pips Japan to become world's fourth largest economy, says govt

Source: https://www.livemint.com/economy/india-economy-goldilocks-period-high-growth-low-inflation-fy26-outlook-11767106329374.html

The country is set to enter the new year on a strong economic footing with favourable farm prospects, the effects of GST rationalization, benign inflation, and strong corporate balance sheets, the government said in a year-end update on the economy.

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India’s FMCG sector is entering 2026 betting on volumes, not prices
  • 31 Dec 2025 06:14 PM

India’s FMCG sector is entering 2026 betting on volumes, not prices

Source: https://www.livemint.com/industry/india-fmcg-sector-2026-outlook-volume-led-growth-pricing-11765783529618.html

Easing inflation, GST tweaks and stable commodity costs are lifting sentiment, but questions remain over the durability of demand and margin protection.
Dear reader, as 2025, a year of global tumult and volatility, rolls by, Mint's reporters and columnists look around the corner on what is coming in 2026—to help you know what to expect and prepare for it. Tell us what you think at feedback@livemint.com.

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Stocks to watch: RITES, Bharat Forge, IndiGo, Lupin, among 8 shares in focus today; Check list here
  • 31 Dec 2025 05:48 PM

Stocks to watch: RITES, Bharat Forge, IndiGo, Lupin, among 8 shares in focus today; Check list here

Source: https://www.livemint.com/market/stock-market-news/stocks-to-watch-rites-bharat-forge-indigo-lupin-among-8-shares-in-focus-today-check-list-here-11767148268376.html

Indian stock market benchmark indices — Sensex and Nifty 50 — were expected to open flat on Wednesday, December 31, the final trading session of 2025, amid thin volumes. Most Asian markets, including Japan, South Korea and Thailand, were closed for New Year’s Eve.

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