Tag: goods and services tax

Infosys, Wipro and other IT stocks fall up to 3% after TCS Q1 earnings disappoint on revenue quality

StocksJuly 11, 2025

Shares of Indian IT majors slumped up to 3% on Friday, with Tata Consultancy Services (TCS), Infosys, and Wipro leading sectoral losses after TCS’s first-quarter earnings showed sluggish growth and failed to reassure markets amid...

Asian markets mixed; Wall Street hits record high; Hong Kong’s Hang Seng jumps 1.6%

BusinessJuly 11, 2025

( Representative AI image) Asian markets were mixed on Friday as investors stayed cautious despite Wall Street hitting record highs.Chinese markets led regional gains, with the Hang Seng Index in Hong Kong surging 1.6%...

GST Council meet key decisions: No GST on bank penal charges, clarity on tax rate on popcorn & more – top announcements

BusinessDecember 21, 2024

GST council has sanctioned a rate increase to 18% from 12% for transactions involving the sale of old and used cars. GST...

GST Council to hold 55th meet on December 21 in Jaisalmer, Rajasthan

EconomyNovember 18, 2024

Union Finance Minister Nirmala Sitharaman will meet her state counterparts on December 21 in Jaisalmer, Rajasthan, for the 55th GST Council meeting. Key...