GST 2.0 and ripple effect on luxury, investments, and wealth planning
GST 2.0 simplifies India’s indirect tax regime with two core rates of 5% and 18%, plus a 40% de-merit slab. Insurance premiums become GST-exempt, renewables gain from lower costs, and consumer electronics see relief. The reform aims to boost compliance, influence spending patterns, and realign sectoral margins.
Mcap of eight of top-10 most valued firms jumps by Rs 1.69 lakh cr; Bajaj Finance biggest gainer
The combined market valuation of eight of the top-10 most valued firms jumped by Rs 1,69,506.83 crore last week in tandem with an optimistic trend at the Dalal Street, where Bajaj Finance emerged as the biggest gainer.
Universal Cables Holdings among top 5 unique stocks held by mutual funds in August
In August, around 240 unique stocks—those held by only one fund house—were identified, with over Rs 100 crore in market value. Key examples include Sundaram Finance Holdings, Premier Explosives, Universal Cables, Network People Services Technologies, and E2E Networks.
LIC-backed Paisalo Digital in focus as promoter raises 0.5% stake in smallcap
Paisalo Digital gained attention after promoter Equilibrated Venture Cflow raised its stake to 18.17% by acquiring 45 lakh shares. Despite underperforming with a 37% yearly decline, the NBFC reported Q1 profit of Rs 47 crore, strong AUM of Rs 5,203 crore, and remains supported by LIC’s holding.