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Narendra Modi praised the transformative impact of the Goods and Services Tax (GST) over its seven-year implementation. Citing data compiled y the Central Board of Indirect Taxes and Customs (CBIC), PM Modi posted on «X» (formerly Twitter) that GST has significantly enhanced the lives of 140 crore Indians. «For us, reforms are a means to improve the lives of 140 crore Indians. After the introduction of GST, goods for household use have become much cheaper.» The Prime Minister also emphasized that the implementation of GST has led to increased savings for the poor and common man. He noted that GST has lowered taxes on essential household items such as flour, curd, and detergent, making daily necessities more affordable.

Lok Sabha witnessed a display of linguistic diversity on Monday, with the newly-elected MPs taking their oaths in English and Indian languages, including Sanskrit, Hindi, Dogri, Bengali, Assamese and Odia. Prime Minister Narendra Modi took his oath in Hindi amid slogans of «Jai Shri Ram» from the treasury benches. Union Home Minister Amit Shah, Defence Minister Rajnath Singh, Road Transport and Highways Minister Nitin Gadkari, Women and Child Development Minister Annapurna Devi, Telecom Minister Jyotiraditya Scindia and Urban Development Minister ML Khattar were among those who took oath in Hindi. Education Minister Dharmendra Pradhan, the MP from Odisha's Sambalpur, took oath in Odia.

RBI) Governor Raghuram Rajan has cautioned investors against fake videos of him circulating on social media, giving investment tips, especially on individual stocks. «I understand there are videos of me on various social media purporting to give advice on investing, especially in individual stocks. These are fake and the perpetrators should be reported to the relevant authorities. I do not give investment advice to the public, and have never touted individual stocks,» Rajan said.

initial public offer (IPO) of luxury furniture maker Stanley Lifestyles was booked 3.2 times so far on the second day of the bidding process. The issue closes tomorrow. The categories reserved for NII and retail investors were subscribed over 4 times, respectively. The QIB portion of the issue was booked at just 30%.

₹440-340 levels on the weekly chart, signalling a positive bias.The stock is trending in a higher high-low pattern on the weekly chart, indicating a medium-term uptrend.It found support at the 20-week SMA (simple moving average) and bounced back, which will serve as short-term support moving forward.The weekly RSI strength indicator has crossed above its reference line and broken through the falling channel, generating a buy signal.Railtel Corporation of India has demonstrated a breakout above the ₹465-340 consolidation zone on the weekly chart, indicating the continuation of the medium-term uptrend.During the pattern formation, volume activity tended to decline, while at the breakout, there was an increase in activity, indicating heightened market participation.The stock took support at the 38 per cent Fibonacci retracement level of a rally from ₹96 to ₹496, positioned at ₹337, confirming a medium-term support base.The weekly strength indicator RSI has given a crossover above its reference line, generating a buy signal.Ramkrishna Forgings has demonstrated a breakout above nine months of consolidation between ₹815-600 levels on the weekly chart, indicating the continuation of the medium-term uptrend.The volume of activity increased at the breakout, indicating an influx of market participation at the breakout level.The stock closed above the weekly upper Bollinger band, generating a medium-term buy signal.The weekly strength indicator RSI has broken above a downward-sloping trendline, hence generating a buy signal.Elgi Equipments displays a bullish trend on the weekly chart, characterised by higher highs and higher lows, supported by an upward-rising channel.It took support at the lower band recently and is now heading

Stock market today: Financials and metals were the primary drivers of Monday's declines in the domestic benchmark indices, the Sensex and Nifty 50. A report indicating that the markets regulator was looking into claims of "front-running" at Quant Mutual Fund also caused some small- and mid-cap stocks to fall.The Nifty 50 began trading at 23,382.30 level, down 118.80 points or 0.51%, while the 30-share BSE Sensex opened down by 324.18 points or 0.42% at 76,885.65 level.Also Read: Stocks to buy: PVR INOX, Kalyan Jewellers among 10 stocks that may rise 8-17% in the next 3-4 weeks, say analystsAnalysts predicted that the national budget declaration next month and the earnings season will have an impact on the direction of the markets.On the future and options (F&O) market, Bank Nifty so far added 60.93 lakh contracts in open interest whereas 84.31 lakh have been added in Put open interest, while Nifty 50 so far today have added 90.54 lakh contracts in open interest; whereas 1.62 crore have been added in Put open interest.

Shree Cements Ltd. 0.0 per cent to Rs 27388.3 in Monday's trade as of 12:02PM (IST) even as the benchmark Nifty ruled at 23532.9, up 31.81 points. The scrip had closed at Rs 27390.1 in the previous session. The stock quoted a 52-week low of Rs 22601.3 and a high of Rs 30710.15. The company quoted a market-cap of Rs 98447.04 crore on the BSE.

Stanley Lifestyles IPO: The initial public offering (IPO) of Stanley Lifestyles Limited commenced on 21st June 2024, and will continue until 25th June 2024. The IPO was met with a strong response from primary market investors, with the public offer being fully subscribed on the first day of bidding.

Moneycontrol reported.Quant Mutual Funds, the fastest growing MF in the country with asset under management (AUM) of more than ₹90,000 crore, issued a statement saying it will cooperate with the regulator.Front-running, also known as tailgating, is a form of market manipulation.It is trading in a stock or a financial instrument by a broker who has inside information about a future transaction that would affect its price. The broker works on the basis of information that is not out in public, on whether a firm is about to buy or sell, or issue recommendations, that would affect the price of securities in the market.SEBI defines front-running as an unethical practice where brokers trade an equity based on information from the analysis department before their clients have been provided the information.

₹1721.85, more than 4% higher on Monday over the previous close of ₹1645.15 on the BSE , however gained further to touch highs of Rs1818.20 , marking more than 8% gains.Also Read- JSW Energy stock hits new all-time high as subsidiary wins 300 MW wind-solar hybrid projectThe Garden Reach Shipbuilders share price is only slightly short of all time highs of ₹1904.55 it had scaled a few days back.The Garden Reach Shipbuilders share price having risen more than 200% in last one year has given Multibagger returns to the investors. Notably Garden Reach Shipbuilders share price has gained more than 106% year to date also.The investor confidence remains strong on the Defence Sector companies looking at the country's Make In India Initiative.

The Nifty future closed negative with losses of 0.52% at 23460 levels on Friday. India VIX was down by 1.24% from 13.34 to 13.18 levels.

Out of the lot, two are Nifty companies, i.e., Titan and IndusInd Bank, along with other names like Bajaj Holdings & Investment, Voltas, REC, etc.

Sensex declined 269.03 points, or 0.35%, to close at 77,209.90, while the Nifty 50 settled 65.90 points, or 0.28%, lower at 23,501.10.“The market is expected to trade sideways next week due to the absence of strong buying or selling triggers. While the underlying sentiment remains bullish, dips might attract opportunistic buying, which could support the market.

Buy or sell stocks for today: Following weak global market cues, the Indian stock market ended lower on Friday last week. Among the frontline indices, the Nifty 50 index dropped 65 points and closed at 23,501, while the BSE Sensex lost 269 points and closed at 77,209.

Justice Department officials that criminal charges be brought against Boeing after finding the planemaker violated a settlement related to two fatal crashes, two people familiar with the matter told Reuters. The Justice Department must decide by July 7 whether to prosecute Boeing. The recommendation of prosecutors handling the case has not been previously reported. In May, officials determined the company breached a 2021 agreement that had shielded Boeing from a criminal charge of conspiracy to commit fraud arising from two fatal crashes in 2018 and 2019 involving the 737 MAX jet.

Reinsurance and coinsurance are not the supply of a service and, hence, not liable to tax, according to a decision by the Goods and Services Tax (GST) Council on Saturday. This spells a significant breather to insurance companies facing thousands of crores in tax demands. The GST Council also recommended clarifications on taxability of reimbursements of securities or shares as employee stock option plans given by a company to its workers. Officials said exemptions would be conditional and notified later. Coinsurance, in this instance, refers to insurers sharing insurance-bearing liabilities. Reinsurance is the cover an insurer buys to insure itself through the payment of premiums. The industry has contended that GST should only be paid by one company in this chain. However, the Directorate General of Goods and Services Tax Intelligence (DGGI) last year issued notices to about 20 insurance companies raising tax demands of about Rs 12,000 crore for non-payment of GST on coinsurance and reinsurance premiums. Apex grouping General Insurance Council had lobbied the government, seeking clarity. It submitted that the levy of GST on all firms amounted to double taxation.

Eight employers who challenged some federal health insurance requirements cannot be forced to provide no-cost coverage for certain types of preventive care, including HIV prep and some kinds of cancer screenings, a federal appeals court in New Orleans ...

India needs to take critical actions to transform its electronic sector ecosystem from an 'import dependent assembly led manufacturing' to 'component level value-added manufacturing', highlights a report by Confederation of Indian Industry. As per the Report, in 2023, the demand for components and sub-assemblies stood at USD 45.5 billion to support USD 102 billion worth of electronics production. This demand is expected to scale to USD 240 billion to support the USD 500 billion worth electronics production by 2030. The priority components and sub-assemblies including PCBAs (Printed Circuit Board Assembly), are projected to grow at a robust CAGR (Compounded Annual Growth Rate) of 30 per cent, reaching USD 139 billion by 2030.

GST taxpayers will now have the option to amend outward supply or sales return form GSTR-1 before payment of taxes for a month or quarter. The GST Council in its meeting on Saturday had recommended providing a new optional facility by way of Form GSTR-1A to facilitate taxpayers to amend the details in Form GSTR-1 for a tax period and/or to declare additional details. GSTR-1A will, however, have to be filed before filing of return in GSTR-3B for the said tax period. This will facilitate the taxpayer to add any particulars of supply of the current tax period missed out in reporting in form GSTR-1 of the said tax period or to amend any particulars already declared in GSTR-1 of the current tax period (including those declared in IFF, for the first and second months of a quarter, if any, for quarterly taxpayers), to ensure that correct liability is auto-populated in GSTR-3B.

CBI) registered First Information Report (FIR) in connection with alleged irregularities in NEET-UG examinations. The Ministry of Education on Saturday entrusted the matter of alleged irregularities in the NEET (UG) Examination 2024 to the Central Bureau of Investigation (CBI) for a comprehensive investigation. CBI has been handed charge by the Centre to probe irregularities in both UGC-NET and NEET-UG examinations. «National Testing Agency (NTA) conducted the NEET(UG) Examination on May 5, 2024 in OMR (Pen and paper) mode. Certain cases of alleged irregularities/cheating/impersonation/malpractices have been reported. For transparency on the conduct of the examination process, the Ministry of Education, Government of India, after a review has decided to entrust the matter to the Central Bureau of Investigation (CBI) for comprehensive investigation. Central Government has also enacted the Public Examination (Prevention of Unfair Means) Act, 2024, to prevent unfair means in public examinations and to provide for matter connected therewith or incidental thereto,» the government said.

Indian stock market: Nifty has been hovering within the 23300 to 23600 range, indicating indecisiveness, which sets the stage for a very volatile monthly expiry. A decisive move above 23600 might take the index towards 24000 in the short term, whereas failure to hold above 23300 might trigger panic in the market. Below 23300, the Nifty might fall towards 22750 in the short term.The BankNifty index witnessed a volatile trading session but ended on a flat note, highlighting the evident tussle between buyers and sellers.