August 18, 2025August 18, 2025 According to Nikhil Gupta, India Economist at CLSA, a goods and services tax (GST) cut could result in an annual revenue loss of approximately Rs 1.5 lakh crore. This loss would be split equally between the Centre and the states. Gupta explained that if…
Brokerage firm CLSA has decided to reverse its earlier move from India to China, citing growing concerns over China’s economy and investor sentiment. This change comes after Rs 1.2 lakh crore in foreign institutional investor (FII) outflows from India in recent months, which has affected the Indian market. CLSA notes that Chinese equities have faced…
PSU bank stocks fell sharply by up to 10% on Tuesday in intraday trade on the BSE, following early trends showing the BJP-led NDA coalition with an upper edge. However, the early numbers were not in line with exit polls, causing investor concerns. Shares of Central Bank tumbled 9.5% to Rs 65.4, while Union Bank…