Intentar ORO - Gratis
Relief for cement cos, but demand stalls
Mint New Delhi
|September 05, 2025
The Goods and Services Tax (GST) Council has slashed the rate on cement from 28% to 18%, a move aimed at boosting construction activity.
"...because cement is so essential for the middle class when building homes, that is why the 28% has been reduced to 18%," finance minister Nirmala Sitharaman said late Wednesday while addressing the media after the GST Council meeting. The change will be effective from 22 September.
The decision, a long-pending demand of the industry and consumer groups, is expected to reduce the effective billing price of cement by nearly ₹30 per bag, according to a 24 August Yes Securities note.
The two largest cement makers, Aditya Birla Group's UltraTech Cement Ltd and Adani group's Ambuja Cements, closed 0.64% and 1.05% lower on the stock exchange, even as the benchmark Nifty closed almost unchanged.
Esta historia es de la edición September 05, 2025 de Mint New Delhi.
Suscríbete a Magzter GOLD para acceder a miles de historias premium seleccionadas y a más de 9000 revistas y periódicos.
¿Ya eres suscriptor? Iniciar sesión
MÁS HISTORIAS DE Mint New Delhi
Mint New Delhi
IN INDIA'S KNITWEAR CAPITAL, A SURVIVAL ACT
Hit by Trump's tariffs, textile manufacturers in Tiruppur are renegotiating deals while scouting for newer markets
7 mins
October 10, 2025
Mint New Delhi
INDUSIND BANK RATED INDIA INVOLVED BY SKOCH FOR EXCELLENCE IN MSME BANKING
Once upon a spreadsheet, India's MSMEs were drowning in paperwork, late payments and queues that snaked through branch corridors like endless fiscal serpents.
2 mins
October 10, 2025
Mint New Delhi
Lodha faces execution test as H2 turns crucial for sales goal
The first half of fiscal year 2026 (FY26) was modest for realty firm Lodha Developers Ltd, with pre-sales or bookings up 8% year-on-year (yo-y) to ₹9,020 crore.
1 mins
October 10, 2025
Mint New Delhi
Inflation likely fell to 1.5% in Sep
India's retail inflation is likely to have cooled to 1.5% in September from 2.1% in August, mainly due to the statistical effect of a favourable base and easing food prices, according to 19 economists polled by Mint.
1 mins
October 10, 2025
Mint New Delhi
Capital goods shine selectively
The S&P BSE Capital Goods index gained 21% in the previous six months on the back of some key developments.
2 mins
October 10, 2025
Mint New Delhi
Sebi's Ananth Narayan steps down
Ananth Narayan G., the Securities and Exchange Board of India (Sebi) official who led the high-profile investigation of alleged market manipulation by US high-frequency trading firm Jane Street, stepped down on Thursday at the end of his three-year term.
1 min
October 10, 2025
Mint New Delhi
Andreessen Horowitz to open office in Bengaluru
Andreessen Horowitz, one of the world's biggest venture capital funds, is setting up an office in Bengaluru, multiple people familiar with the development said.
2 mins
October 10, 2025
Mint New Delhi
DoT says spectrum price fine, next auction hinges on demand
No telecom service provider (TSP) has approached the government with concerns over the high reserve prices for spectrum, Neeraj Mittal, telecom secretary, said on Thursday.
2 mins
October 10, 2025
Mint New Delhi
Silver ETFs fired up by scarcity, festivals
Silver exchange traded funds or ETFs opened Thursday with a record 10-12% premium to spot prices, underscoring a scramble for the metal as festive buying, industrial use, and investor FOMO (fear of missing out) drove up demand against tight supplies.
2 mins
October 10, 2025
Mint New Delhi
AI BROKE THE INFO BOTTLENECK, BUT VALUE INVESTING STILL DEPENDS ON INSIGHT
In a Bloomberg column, Guy Spier argues that AI has ended the golden age of value investing by removing the old information edge.
3 mins
October 10, 2025
Listen
Translate
Change font size