Asia

GST rate cut will counter US tariff hike, India to keep buying Russian oil: FM Sitharaman

The government's main focus would now be on ensuring that the GST rate cuts on various goods and services, that will kick in from Sept 22, are passed on to consumers," Sitharaman said in a media interview.

Sep 5, 2025

Stock market ends flat; auto shares surge as IT and FMCG decline

Sensex closed at 80,710.76, down 7.25 points or 0.01 per cent. The 30-share index started the session with a positive note at 81,012.42 against last session's closing of 80,718.01. The index, however, remained volatile amid buying in automobile stocks and selling pressure in the IT and FMCG shares. It hit an intra-day high and low at 81,036.56 and 80,321.19, respectively.

Sep 5, 2025

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Indian stock market opens higher, Nifty above 24,700

Nifty Bank was up 4.05 points or 0.01 per cent at 54,079.50 The Nifty Midcap 100 index was trading at 57,291.20 after adding 332.05 points or 0.58 per cent. Nifty Smallcap 100 index was at 17,704.70 after gaining 82.75 points or 0.47 per cent.

Sep 5, 2025

Sensex, Nifty open lower amid uncertainty around Trump tariffs

Indian indices end marginally up as profit booking, IT stocks erase early gains

Sensex ended the session at 80,718.01, up 150.30 points or 0.19 per cent. The 30-share index started the session with a massive gap-up at 81,456.67 against the last session's closing of 80,567.71 on the GST reform announcement.

Sep 4, 2025

GST Council Meet May Signal Major Rejig in Tax Slabs, Cess Policy

GST on 33 cancer drugs, rare disease medicines slashed to 0 from 12 pc: FM Sitharaman

The decision taken by the GST Council, chaired by Finance Minister Nirmala Sitharaman, on Wednesday, rationalised the indirect tax structure, cutting the current four slabs down to two -- scrapping the 12 per cent and 28 per cent rates, while retaining the 5 per cent and 18 per cent slabs.

Sep 4, 2025

GST 2.0: Small cars, 2-wheelers to get cheaper ahead of festive season

The GST Council has approved transformational changes to India's indirect tax structure — adopting a 5 per cent and 18 per cent tax structure — and several daily-use goods will become cheaper from September 22.

Sep 4, 2025

Household food expenses to drop significantly after tax on staples slashed

The move was announced by the GST council even as inflation is cooling, with headline retail inflation dropping to 1.55 per cent in July, the lowest since June 2017. Food inflation has also slipped into negative territory (–1.76 per cent), the lowest since January 2019.

Sep 4, 2025

Number of Jan Dhan accounts crosses 55 crore, FM Sitharaman tells banks to reach out more

Explained: How GST rate rejig is going to boost businesses, empower common man

"Food preparations not elsewhere specified will attract a GST rate of 5 per cent. Bread was already exempt, while pizza bread, roti, porotta, paratha, etc., attracted different rates. All Indian breads, by whatever name called, have been exempted even though only a few goods have been mentioned by way of illustrative example," the ministry said.

Sep 4, 2025

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Sensex rallies over 550 points in morning trade, Nifty Auto jumps 2.51 pc amid GST reforms

The broadcap indices, Nifty Midcap 100 inched up by 0.21 per cent, and the Nifty Small cap 100 inched up 0.05 per cent. The GST Council has reduced rates across insurance, medicines, and daily essentials, providing significant relief to households, farmers, and industries.

Sep 4, 2025

Goods to turn cheaper as GST Council brings more consumer items under lower tax rates

GST reforms 2025: Food, fertilisers, footwear cheaper; cigarettes, sugary drinks to cost more

The new tax structure, adopted on Wednesday, has two major slabs now 5 per cent and 18 per cent, and a whopping 40 per cent for sin goods. For the common man, this change means more money in hand, which the government hopes will be routed into the economy, giving it a significant boost.

Sep 4, 2025

Sensex, Nifty trade flat after mild early losses; realty stocks gain

Indian equity indices edge higher as GST Council meet begins

Nifty ended the session at 24,715.05, up 135.45 points or 0.55 per cent. The Indian equities closed higher after a mixed start to the session, buoyed by expectations of a consumption-led stimulus from the potential GST slab rationalisation, said analysts.

Sep 3, 2025

Sensex, Nifty open with gains as potential rate cut in US boosts sentiment

Nifty, Sensex open flat as investors eye GST Council meet outcome

As of 9.29 am, the Sensex moved 32 points up, or 0.04 per cent to 80,190, while the Nifty 50 inched up 2 points, or 0.01 per cent to 24,582. The broadcap indices, Nifty Midcap 100 advanced by 0.278 per cent, and the Nifty Smallcap 100 inched up 0.36 per cent.

Sep 3, 2025

2-day GST Council meet aims to cut compliance burdens, benefit small businesses

The two-day meeting, starting Wednesday, is chaired by Finance Minister Nirmala Sitharaman and ministers from all states. According to FM Sitharaman, the next generation GST reforms will create an open and transparent economy, reduce compliance burdens, and benefit small businesses.

Sep 3, 2025

Stock market ends volatile session slightly lower ahead of GST Council meet

Sensex closed at 80,157.88, down 206.61 points or 0.26 per cent. The 30-share index started the session with a decent gap-up at 80,520.09 against last session's closing of 80,157.88, buoyed by the affirmative SCO summit and strong GST collection data. The index escalated further to touch an intra-day high at 80,761.14; however, it fell into negative territory amid profit booking.

Sep 2, 2025

Markets rebound after 4-day losing streak, Sensex gains 317 points

Globtier Infotech's shares tank 20 pc on market debut, investors suffer big losses

The stock opened at Rs 57.60 against the IPO price of Rs 72, leaving investors with immediate losses of Rs 14.40 per share. For those who invested the minimum two lots, the listing translated into a loss of around Rs 46,080.

Sep 2, 2025

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