New GST rates for bikes: The GST Council has approved revised tax slabs, effective September 22, reducing GST on two-wheelers below 350cc to 18%, benefiting most of the Indian motorcycle market. Larger motorcycles above 350cc will face a higher 40% “Sin tax.” Similarly, smaller cars will be taxed at 18%, while larger vehicles and racing cars will be levied at 40%.
BofA Securities enters Kaynes Technologies via Rs 42 crore block deal; stock down 48% in six months
BofA Securities acquired 1.16 lakh Kaynes Technologies shares via a block deal, while the stock continues a multi-month downtrend despite rising revenue and quarterly profit