The good news is that Indian GDP Q2 results shown an impressive change from the previous quarter. The GDP growth raised to 6.3%. It was 5.7% in the first quarter. The festival season played an important role in this quarter which was beneficial for the Indian economy growth.
Q2 GDP 6.3%
Sectors like Electricity, Gas, Communication, Broadcasting Services, Transportation, Hotels and Manufacturing played a major role in the economical growth this quarter. GST was badly affected GDP in the first quarter but it is helped the Indian market later the implementation.
The positive news will make the stock market more stronger. As per Moody’s recent result country shown some growth after GST and festivals.
The growth rate for 1. Agri Forestry and Fishing 2. Construction, 3. Mining and quarrying are 1.7, 2.6, 5.5 respectively. Real Estate and Professional Services 5.7. Admin, Public, Defence growth stood at 6%.
In a stock market an IPO means Initial Public Offer which is the first availability of shares for public. It is also called the primary market. An individual can submit an IPO form through stock broker to avail the IPO stocks. Here are the list of IPO which opened in this year in India.
Bharti AirTel expressed its interest on Rcom’s spectrum. As per reports Reliance communication is having a debt of upto 50000 Crores and the company is shutting down its various departments like Broadband, 2G and 3G networks.
If the auction deal happens it will be a great progression for Airtel after Telenor merger.
Airtel current price level is NSE 500.10 and Rcom at level NSE 13.75.
It is not necessarily a company can buy the assets but more than one company get this opportunity. There were rumors that Relaince Jio has eyes on Rcom properties. But all these financial news didn’t came official.
It is always been a question why the Renegade version still not in the Indian market. There are hope that it will be launched in Indian market by 2018. The price is always been a confusion it can be in between 10 Lakh to 30 Lakh according to the model.
Jeep Compass and other models are being a success in the market, Renegade can be an upcoming super hit version.
Even though it is a basic compact SUV, the design and features will make it popular among Indian people. The model comes with 4×2 and 4×4 varients. If the model get launched it will be a big competitor for Eco Sport and Brezza.
Varients : Sport, Latitude, Altitude and Trailhawk
The American brand is already a hit in the international market and now they are expanding the business in India, China and Brazil. Already the company run its testing in India streets, which denotes the arrival of this exciting compact model.
Current available models of Jeep in Indian market
Grand Cherokee, Wrangler, Compass and Grand Cherokee SRT
GST is implemented in India from July 1st, 2017. What is GST? How it is different from previous tax structure. Consider this business structure, Buying Raw Materials
Manufacturing -> Sell To Warehouse or Wholesaler -> Sale To Retailer -> Final Sale To Consumer ->
For example, A shoe manufacturer need leather and plastics after production he sells to the wholesale team, Hence they will add labels with additional value to the products. After this, The retailer buys this product and after separate packaging process, they will increase the value to the shoes. But GST will be levied on all transactions happening during the entire manufacturing chain. That means instead of the excise duty, State wise VAT and the point of sale VAT there is only GST. The shopkeeper has paid a tax when he bought the item from the wholesaler. To recover that amount, he passes the liability to the customer. GST means the final liability on the end consumer is decreased.
There 3 Kind of GST
CGST: where the revenue will be collected by the central government.
SGST: where the revenue will be collected by the state governments for intra-state sales
IGST: where the revenue will be collected by the central government for inter-state sales
Goods and Service Tax (GST) as the name suggest is one single tax on the supply of goods and services, right from the Manufacturing to the ultimate delivery to a customer.
ie, The final consumer will thus bear only the GST charged by the last dealer in the supply chain, with set-off benefits at all the previous stages.