The festive season began on a record-breaking note for the Indian automobile sector as Tata Motors and pre-owned car company CARS24 reported exceptional sales and customer activity on the first day of Navratri.
The rollout of the new GST 2.0 reforms, which have reduced car prices, added further fuel to the festive buying sentiment. The twin impact of the festival and lower prices led to a remarkable performance for Maruti Suzuki.
The volatility in the Indian stock market continued on Tuesday, with both benchmark indices opening almost flat, as investor sentiment remained dented by the sharp increase in H-1B visa costs, which weighed on the IT index.
Uttarakhand Chief Minister Pushkar Singh Dhami hailed the next-generation GST reforms, which came into effect from Monday, calling these reforms a historic milestone set to bring prosperity, growth, and opportunities for all citizens under the leadership of Prime Minister Narendra Modi.
The demand upcycle in the passenger vehicle (PV) segment could continue up to FY29, supported by GST 2.0 reforms and a strong outlook for the automobile sector, according to a report by Nuvama.
United Nations Secretary-General Antonio Guterres is "very supportive" of reforming the Security Council to better reflect the world of 2025 rather than 1945, with India emerging as a key voice in the multilateral system, said UN spokesperson Stephane Dujarric.
Chhattisgarh Chief Minister Vishnu Deo Sai on Monday welcomed the newly implemented Goods and Services Tax (GST) reforms, stating that the changes will benefit all sections of society by reducing prices on essential items and improving economic accessibility.
The Government has announced major changes in Goods and Services Tax (GST) rates to make tourism more affordable, strengthen public transport, and provide relief to artisans.
The Prime Minister laid the foundation stone of two major hydropower projects worth over Rs 3,700 crore in Itanagar. The Heo Hydro Electric Project (240 MW) and Tato-I Hydro Electric Project (186 MW) will be developed in the Siyom sub-basin of Arunachal Pradesh.
While the government hails it as a landmark reform, the Opposition criticises it as inadequate and a "historic blunder" being corrected after eight years.
The Ministry of Coal has welcomed the landmark decisions taken at the 56th meeting of the GST Council held in New Delhi, which have brought significant changes to the taxation structure of the coal sector, a press release from the Ministry of Coal said.