The GST Council announced that GST on 33 life-saving drugs used in the treatment of critical illnesses such as cancer and certain rare diseases has been cut to zero from the existing 12%. Additionally, three other vital drugs that earlier…
On Wednesday, September 3, CNBC-TV18 reported, citing sources that private equity firm WestBridge Capital as to sell 8.23 crore shares or 16.46% of its stake in Aptus Value Housing Finance India via a block deal worth around ₹2,600 crore.
As much as 87% of Escorts Kubota’s topline in the first quarter came from Agri Machinery products, on which the GST rate has been cut. Tractors are also a significant part of VST Tillers’ portfolio.
In terms of stock impact, CLSA expects Maruti Suzuki as the key beneficiary in PVs, followed by Hyundai Motor India and Mahindra.
Shares of Amanta Healthcare Ltd are tentatively scheduled to be listed on the NSE and BSE on September 9.
Brokerage firm Nomura has cited stocks like HUL, Britannia, Nestle India, Dabur, Colgate to be some of the key beneficiaries after the GST rate revision on most items of daily essentials.
The move was triggered by an internal probe into the accounting of a lump-sum payment of approximately ¥200 million ($1.4 million) by its unit Nidec Techno Motor in Zhejiang. An internal probe found documents suggesting Nidec and its group companies…
While this cut in GST is most likely to be passed on to consumers, part of that benefit could be retained in cement pricing, which is likely to reflect on the margins of these companies.
Prior to the rate rationalisation, coal attracted 5% GST and compensation cess of ₹400 per tonne. The GST Council recommended to end the compensation cess and hence the rate has been merged with the GST. Thus, there would be no…
Globally, ultra-long bonds have come under renewed pressure as fiscal worries resurface across major developed markets, with a shift away from longer maturities by institutional investors such as insurers and pensions. US Treasury yields for the 30-year maturity are close…