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Najib Shah, Former Chairman of CBEC On GST Rate Rationalisation

“This is phenomenal, very big news. As a Centre, one expected the GoM to deliberate or have some concerns. But the Centre has been able to persuade the GoM in terms of there not being any major revenue concerns. It’s very good from the point of view of simplification. It’s a very good move from the point of view of rate rationalisation, which has been the demand right from the time when GST was introduced. The GST Council will now deliberate, and I am quite sanguine that they too will go ahead with this proposal.”

The Nifty Smallcap index has managed to hold against the tide of slowdown that has seen the Midcap index turn negative.

Hind Rectifiers shares are currently down over 6%, a day after declining 10% in the previous session.

The stock has been in the red for two out of the last five sessions.

It has gained 28.6% in the past month and 74.3% in the last six months.

#BreakingNews | The Promotion and Regulation of #OnlineGamingBill, 2025, passed by #RajyaSabha; the bill, cleared by #LokSabha on August 20, is now likely to be placed for presidential assent pic.twitter.com/gHUTnLEiSG

— CNBC-TV18 (@CNBCTV18Live) August 21, 2025

IDBI Bank is up 9% after DIPAM Secretary said that qualified interested parties have nearly completed due diligence for the bank’s divestment, with the process expected to conclude by September.

Shares of Izmo Ltd. are currently trading 20% higher.

The stock is in the green for the fourth consecutive day. It has gained for eight out of the last nine sessions.

The stock has gained 65% in the last six months but has declined 13.4% this year, so far.

The Central Board of Indirect Taxes and Customs (CBIC) has extended the due date for filing the GSTR-3B return to August 27. The relief applies to registered taxpayers whose principal place of business is located in Mumbai City, Mumbai Suburban, Thane, Raigad, and Palghar districts of Maharashtra. here

Mankind Pharma shares are currently up 3.7%.

The stock is also the top Nifty Midcap gainer.

It has gained 11.7% in the last six months but has declined 9.8% this year, so far.

Nifty 50 is currently at 25,107.00.

Cipla, Dr Reddy’s Laboratories, Bajaj Finserv, Bajaj Finance, Reliance Industries are the top Nifty gainers.

A total of 23 of the 50 stocks are trading with gains.

Here are the top contributors towards its upside:

Paras Defence and Space Technologies

PTC Industries on Thursday announced that it has won an order exceeding ₹100 crore from BrahMos Aerospace for the supply of critical titanium castings used in the supersonic cruise missile programme. here

Matt Orton, Chief Market Strategist at Raymond James Investment, said investors should brace for choppy trading until key events like the US Federal Reserve Chair Jerome Powell’s speech at Jackson Hole on August 22 and the September jobs report are out. here#JustIn | #SulaVineyards clarifies that the report of the company eyeing entry into the premium spirits market via acquisition is factually incorrect and has no basis.

The company says no discussions have taken place with respect to any acquisition or entry into the premium… https://t.co/Dhz6ic80C8 pic.twitter.com/S3TbAGbHw3

— CNBC-TV18 (@CNBCTV18Live) August 21, 2025

The Group of Ministers (GoM) on GST rationalisation has accepted the Centre’s proposal to move to a simplified two-slab Goods and Services Tax (GST) structure of 5% and 18%. Bihar Deputy Chief Minister Samrat Choudhary said on Thursday (August 21), adding that the GoM has recommended scrapping the 12% slab. here

Concord Bio

Indian Railway Finance Corporation (IRFC) has executed a refinancing facility of up to ₹1,125 crore for Bhartiya Rail Bijlee Company Limited (BRBCL), a joint venture of NTPC Ltd. (74%) and Ministry of Railways (26%). here

Transrail Lighting Ltd. on Thursday, August 21, said it has won two new orders, cumulatively worth ₹837 crore, pushing its order inflows for this fiscal beyond ₹3,157 crore. here#CNBCTV18Market | GoM accepts Center’s proposal to move to 2 slabs; #FMCG & #Auto stocks in Focus pic.twitter.com/36WFQKfK67

— CNBC-TV18 (@CNBCTV18Live) August 21, 2025

Shares of Hexaware Technologies Ltd. gained as much as 4% on Thursday, August 21, after brokerage firm Nuvama initiated coverage on the stock, projecting a potential upside of 22.5% from its previous closing price. here#Breaking | Bihar Deputy CM Says, GoM recommends scrapping #GST slabs of 12% & 28%

GoM on GST rationalisation to send Centre’s plan to Council#GSTReforms #GSTRationalisation #GSTCouncil https://t.co/Wy0WDMZS9m pic.twitter.com/tTpnhoX5PA

— CNBC-TV18 (@CNBCTV18Live) August 21, 2025

Brokerage firm Goldman Sachs has projected a potential 17% downside for Delhivery Ltd. in its latest note on Thursday, August 21. here

The US’ priority should be to reverse the “downward spiral” in ties with India, Republican leader Nikki Haley has said, stressing that New Delhi must be treated as a “prized free and democratic” partner. here

All states in the Group of Ministers (GoM) deliberations on health and life insurance have supported exempting premiums from Goods and Services Tax (GST). But the consensus came with caution: states want proof that the relief will translate into lower premiums for policyholders and not just higher margins for insurers, sources told CNBC-TV18. here

August 21, observed as World Senior Citizen’s Day, has put the spotlight on health insurance patterns among older Indians. Policybazaar data shows that 57% of senior health insurance buyers are in the 60–65 age group, reflecting that most prefer to secure coverage soon after retirement rather than delaying it. here

DIPAM Secy Says

Shares of Angel One Ltd. fell as much as 6.6% on Thursday, August 21, after SEBI Chairperson Tuhin Kanta Pandey, spoke about the need to increase the tenure of derivative contracts. hereNewsLive TVMarketPopular CategoriesCalculatorsTrending NowLet's Connect with CNBCTV 18Network 18 Group :©TV18 Broadcast Limited. All rights reserved.