India’s retail sector is poised for a consumption-led revival as the GST Council’s recent decision to rationalize tax slabs promises to lower prices across a wide spectrum of goods. Effective September 22, the new structure simplifies the system into two primary slabs—5% and 18%—while retaining a 40% rate for sin and luxury items. The most…
The Indian market ended higher on Thursday after the government trimmed levies on a range of goods in a Goods and Services Tax (GST) overhaul aimed at spurring consumption ahead of the festive season and offsetting pressure from steep U.S. tariffs. The NSE Nifty advanced 19.25 points, or 0.08%, to finish at 24,734.30, while the…
Indian equities closed out August with a second straight month of losses, as the Nifty fell 1.38% in a holiday-shortened month and recorded its weakest two-month stretch since early 2023. The benchmark index has been weighed down by U.S. tariff shocks, foreign fund outflows, and profit-taking across key sectors. Investors now face a pivotal week…
The Indian market ended in the green on Tuesday, extending their rally, lifted by heavyweights Reliance Industries and Bharti Airtel, as optimism over potential goods-and-services tax (GST) reforms and tentative signs of progress in Russia-Ukraine peace talks buoyed sentiment. The S&P BSE Sensex climbed 370.64 points, or 0.46%, to close at 81,644.39, while the NSE…