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India’s sweeping Goods and Services Tax (GST) overhaul, announced on September 3, 2025, has triggered a wave of price recalibrations across consumer categories. While the reform simplifies the tax structure by collapsing four slabs into two—5 percent and 18 percent—it also introduces a new 40 percent “sin tax” category for select goods. Surprisingly, carbonated beverages and sugary drinks now face a steeper tax burden than cigarettes, raising eyebrows across industry and consumer circles. This shift Read More

On September 4, 2025, shares of ITC Ltd surged over 3 percent intraday, closing at ₹418.05, following a key announcement from the 56th GST Council meeting. While the Council approved a sweeping overhaul of India’s indirect tax structure—simplifying the four-slab system into two rates of 5 percent and 18 percent—tobacco products, including cigarettes, were notably excluded from the rate cuts. This decision was interpreted by investors as a short-term positive for ITC, which derives a Read More

Indian equity benchmarks closed higher on September 4, 2025, extending their recovery from recent profit-booking sessions. The BSE Sensex rose by 150 points to settle at 81,210, while the NSE Nifty 50 ended above the 24,700 mark, supported by gains in FMCG, healthcare, and select financial stocks. Market sentiment remained cautiously optimistic amid global volatility and domestic macro resilience. Market Overview The trading session began on a flat note but gradually gained momentum as investors Read More

India’s services sector surged to its strongest growth level in 15 years this August, driven by robust domestic and international demand, according to the HSBC India Services Purchasing Managers’ Index (PMI) compiled by S&P Global. The PMI rose to 62.9 in August from 60.5 in July, marking the highest reading since mid-2010. Any figure above 50 indicates expansion, and this jump reflects a significant acceleration in business activity across the country’s service industries. However, this Read More

In a strategic shift that could reshape global energy and manufacturing dynamics, China’s aggressive push to curb industrial overcapacity is emerging as a major tailwind for Reliance Industries Ltd (RIL). According to a recent note by Morgan Stanley, the Indian conglomerate is set to be the biggest beneficiary of Beijing’s “anti-involution” policies—measures aimed at reducing cutthroat competition and excess production across sectors like solar, petrochemicals, and energy. Morgan Stanley has reaffirmed its overweight rating on Read More