Tobacco Stocks Plunge Amid GST Hike Speculation

• The GoM on GST rate rationalisation has proposed a 35% tax on sin goods like tobacco and aerated beverages, up from 28%.
• New GST rates for apparel: 5% for items up to Rs 1,500, 18% for Rs 1,500-10,000, and 28% for above Rs 10,000.
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Online gaming startups are among those rare breeds which were profitable . With this move, even they will be forced to do layoffs..

Smoking due to work related stress .

• Domestic equity benchmarks Sensex and Nifty 50 closed marginally lower, dragged by blue-chip IT stocks. Sensex dipped 28.21 points to 75,939.18, while Nifty dropped 12.40 points to 22,932.90.
• Concerns over US tariffs on auto, semicon...