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Indian Market will kick off with a positive tone GIFT Nifty is up 150 points.
The GST Council has announced sharp reductions in Goods and Services Tax (GST) rates across a wide range of items – from daily essentials (FMCG) and healthcare products to education supplies, electronic goods, farm equipment, insurance, and automobiles. There will now be only two tax slabs: 5% and 18%, with the existing 12% and 28% rates being eliminated. This change is effective from September 22.
U.S. futures are in a holding pattern Dow slightly lower, while S&P and Nasdaq futures hover steady to positive. In Asia, Nikkei is up 1.2%, and but Hang Seng lags with a -0.06% drop.
Stock in News Today
Aptus Value Housing Finance India
Westbridge Capital is expected to sell out of the housing finance firm with 8.23 crore shares (equivalent to a 16.46% stake) for Rs 2,600 crore, at a floor price of Rs 316 per share.
Bharat Heavy Electricals
BHEL has received a Letter of Intent (LOI) from MB Power (Madhya Pradesh) for the sale of equipment (boiler, turbine, generator) for the 1×800 MW Anuppur Thermal Power Project. The value of the contract is Rs 2,600 crore.
Swiggy
Food ordering platform Swiggy has doubled its platform fee to Rs 15 an order, the third such increase in a row. The fee was also temporarily increased to Rs 14 on Independence Day, before the company cut it back to Rs 12.
Prestige Estates Projects
Subsidiary Prestige Office Ventures has been issued a show cause notice by the Directorate General of Goods & Services Tax Intelligence, Hyderabad, for Rs 160.82 crore, along with an equal amount as penalty and interest payable.
UTI Asset Management Company
The Board in unison has elected Vetri Subramaniam, who is at present Chief Investment Officer, as the succeeding Managing Director & Chief Executive Officer (MD & CEO) with effect from February 1, 2026. He will take up the position of MD & CEO Designate with immediate effect. Imtaiyazur Rahman resigned as MD & CEO effective January 31, 2026.
Highway Infrastructure
The firm has got a Letter of Acceptance (LOA) for collection of user fee for the 4-lane Greenfield Expressway spur of Delhi-Vadodara Greenfield Expressway near Bandikui to Jaipur in Rajasthan. The project has been awarded on a Hybrid Annuity Model worth Rs 18.97 crore.