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Daily Money Show #891: Stock Market News
Original: #891 Daily Money Show | Money Purse Stock Market News
Takeaway
Branded liquor (Tilaknagar) and Tata Motors festive demand are near-term plays; watch GST council for insurance and digital-payment decisions.
Summary
- Market wrap: Sensex +375 pts to 81,559; Nifty +84 pts to 24,936; midcap -0.18%, smallcap -0.77%, Bank Nifty +1.07%.
- Tilaknagar Industries' board approved further ₹1,315 cr investment over 18 months in Spaceman Spirits Lab (Samsara Gin, Sitaram brand) — stake rises from 10% to 20% with milestone-based further acquisition; will sell these brands through their distribution network in select Indian states and abroad.
- Tilaknagar mgmt told CNBC that AP and Telangana contribute 50% of sales; AP government's new excise policy (effective Oct 1) should boost branded liquor sales, supporting 8-10% CAGR growth over next 5 years with Mansion House brandy driving 3-year growth.
- 54th GST Council meeting: media reports consensus on reducing GST on insurance premiums (decision in next meeting); rumored 18% GST on sub-₹2,000 online transactions was clarified by Uttarakhand FM as referred to Fitment Committee, no decision yet.
- Tata Motors launched 'Festival of Cars' scheme with price cuts — Tiago entry price now ₹4.99 lakh (₹65,000 cut), with reductions on Tigor, Altroz, Nexon, Harrier, Safari to drive festive sales; Mazagon Dock got ₹1,486 cr ONGC pipeline replacement order (due Feb 2026); Jio Financial formed second JV with BlackRock for investment advisory/risk management; Suzlon completed 51% acquisition of Renom Energy.
daily-markettilaknagargst-council
Original description
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