The Goods and Services Tax (GST) Council has revised the taxation framework for old and used vehicles, including electric vehicles (EVs). A uniform GST rate of 18% now applies, replacing earlier variable rates. This change aims to simplify taxation; however, clarifications provided by Union Finance Minister Nirmala Sitharaman following the 55th GST Council meeting have …
On December 26, 2024, the stock market had a quiet trading session with little overall change. The BSE Sensex closed nearly flat at 78,472.48, down just 0.39 points, after moving between 78,898.37 and 78,173.38 during the day. On the NSE, the Nifty50 ended slightly higher at 23,750.20, gaining 22.55 points or 0.1%. It reached a …
A wave of corporate restructuring is sweeping through Indian businesses, with several major companies announcing plans to split their operations. These strategic demergers aim to sharpen focus on core areas, raise capital, and enhance shareholder value. While some firms have already executed their business splits, many are preparing to finalise their demerger plans in 2025. …
The Indian stock exchanges, including the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), will remain shut on Thursday, December 25, 2024, in observance of Christmas. This closure will apply to all trading segments, including the equity segment, derivatives, and Securities Lending and Borrowing (SLB) segments. Trading Timings For MCX As per the BSE …
In a significant legal development, the National Company Law Appellate Tribunal (NCLAT) on Monday, December 23, 2024, upheld the National Company Law Tribunal’s (NCLT) order, which approved Sapphire Media’s resolution plan for Reliance Broadcast Network Ltd (RBNL), the company behind the popular Big 92.7 FM radio network. The NCLAT dismissed the appeals filed by the …
The start of 2025 set to witness the return Shark Tank India with its its fourth season, bringing with it a fresh wave of entrepreneurial spirit and a panel of esteemed investors ready to make deals. This season sees the return of familiar faces alongside exciting new additions, promising a dynamic and engaging viewing experience. …
In a landmark announcement, Japan’s Nissan and Honda revealed plans to merge, setting the stage for a transformative shift in the global automotive industry. The two companies signed a memorandum of understanding, initiating discussions to establish a joint holding company by August 2026. This Nissan and Honda merger, expected to be finalised by mid-2025, positions …
The Goods and Services Tax (GST) Council, in its 55th meeting held in Jaisalmer, took up several contentious issues but deferred decisions on some key matters. This article covers the major updates from the meeting, including discussions on food delivery, insurance premiums, popcorn varieties, and used electric vehicles. Deferment of GST Rate Cuts on Food …
The market regulator Securities Exchange Board of India (SEBI) has identified a case of front-running involving an equity dealer from PNB Metlife India Insurance. The dealer, Sachin Dagli, along with his associates, illicitly gained profits over a span of 3 years through unauthorised trading activities. As a result of the findings, SEBI has issued an …
Popcorn, the quintessential snack for movie lovers, has sparked an online debate—this time not over flavors but taxes. The spotlight is now on caramelised popcorn, which attracts a higher GST rate than its salted counterpart. So, what’s the catch? Let’s dive into the details. The Sweet Divide: Understanding GST Rates Currently, the Goods and Services …
