Goods and Services Tax (GST) was implemented from midnight of June 30, 2017. The all new tax system is going to help all from users to investors. According to an estimate, GST would boost India’s GDP growth by 1 percent to 1.5 percent.
Indian capital markets traded higher on Wednesday. Nifty was able to sustain the level of 9650. Reserve Bank of India kept repo rate unchanged at 6.25 per cent, but cut the statutory liquidity ratio (SLR) by 50 basis points to 20 per cent.
State Bank of India (SBI) has decided to sell 12 per cent stake in its life insurance venture, SBI Life via initial public offering (IPO). SBI Life is looking to list by September, 2017.
TVS Motor Company has tied-up with Guatemala-based MASESA (Mayor Servicios Socieda Anonima), to distribute its products in five countries across the central America.
The stocks which are expected to witness significant movement on May 11 are Bajaj Finance, Arvind/Glenmark Pharmaceuticals, Astrazeneca Pharma India, Jain Irrigation Systems/Escorts and Tata Motors.
The stocks which are expected to witness significant movement on May 10 are Titagarh Wagons, ZEE Entertainment Enterprises/ Phoenix Mills, PI Industries, JSW Steel and Power Grid Corporation of India.
Indian capital markets traded flat to positive on Tuesday. Nifty was able to sustain above the level of 9300.
Trident declared its Q4FY17 results on Tuesday. The company’s revenue increased 31.02 per cent to Rs 1268 crore in Q4FY17 as compared to same period in previous financial year.
Share of S Chand and Company listed on premium with 5.52 per cent at Rs 707 in pre-market opening on Tuesday. Soon after, the share price of the company came down from its premium listing and is trading at Rs 678 with gain of 1.19 per cent in an intraday basis.
Matchmaking and marriage services provider Matrimony.com has filed its Draft Red Herring Prospectus (DRHP) with Securities Exchange Board of India (SEBI) for its Initial Public Offering (IPO).