Don’t go gaga over GST; Here’s why there’re no big bang gains on D-Street

ET Markets Daily Brief | Thu, Aug 04, 2016 | 04:51 PM IST Follow ET Markets

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Did market overrate GST Bill? Here's why there're no big bang gains on Street The bill indeed is the biggest tax reform in India since Independence, yet, it is not a magic wand that would change the shape of the economy overnight. Thank you Congress, market sees hope in the political unity you showed on GST The passage of the GST bill by the Rajya Sabha has removed a major impediment in the way of the tax reforms bill becoming a law by April 1, 2017 deadline. LIVE UPDATE: Look who's moving my market today We capture every action from the listed universe of India Inc; be it largecap, midcap or smallcap, to keep you up-to-date on anything that may move your market.

Interview One to One In an exclusive chat with ET Now, Sanjeev Prasad of Kotak Institutional Equities, says that challenge for India would... Sanjeev Prasad , Kotak Institutional Equities

Market Watch 4 Aug | 04:51PM| SENSEX NIFTY USD/INR GOLD 27714.37 ↑16.86 8551.10 ↑6.25 66.95 ↓-0.04 31615.00 ↑7.00

Gainers Losers 4 Aug, 2016, 04:51PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Indo National Ltd. 996.05 20.00 62585 996.05 821.00 Prabhat Telecoms (India) Ltd. 73.40 19.93 38000 73.40 73.40 Nishtha Finance and Investment (India) Ltd. 16.39 18.85 18010 16.54 12.55

Tweet of the day... Wait, GST is not a reality yet: It still has to cover 7 gruelling steps

FROM THE NEWSPAPER

Job loss, higher inflation ahead as India begins the GST journey Rajya Sabha cleared the GST bill, thereby empowering the Centre and the state legislatures to have concurrent powers to make laws on GST. Watershed moment: India Inc says GST to stir up animal spirits of economy GST bill, which was passed yesterday, will be a game-changing reform since Independence, and will not only boost investment activity but also usher in foreign capital. 'Crocodile' manufacturer's IPO sails through; subscribed 1.07 times The company has allocated 26,76,685 equity shares to seven anchor investors for Rs 268 apiece, aggregating to Rs 71.74 crore. GST likely to drive up headline inflation by 20-70 bps in first year: Foreign brokerages Short-term impact of the GST could be mixed, but it will be big long-term positive. Greater price competitiveness should lift growth via higher exports , said Nomura. IL&FS eyes Rs 5,000 crore in first infra trust IPO It would be a test case for the recently allowed trusts owning income-generating assets to raise capital for the infrastructure build-up in Asia's third largest economy.

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