Business Brief:BSE, NSE to organise Muhurat Trading from 1:45 pm to 2:45 pm on Oct 21; Gold reaches record high levels

Here’s a brief outlook on today’s key events and a recap of major business news headlines on Monday. Before yesterday’s big news, today’s headlines to watch out for… Now read yesterday’s big news… 1. Paneer, soap, shampoo along with cars, ACs cheaper: New GST rates implemented From September 22, from ghee, cheese to cars and ACs all have become cheaper. The government announced a reduction in GST on September 3, which came into effect from Monday. Now GST would be applied in only two slabs – 5% and 18%. The government had done this to simplify the tax system. This decision was taken in the 56th meeting of the GST Council. 2. New GST prices of two-wheelers: Honda Activa, TVS Jupiter new starting price around ₹73,000; Bajaj Pulsar gets cheaper by ₹7,000, RE Bullet by ₹15,000 Honda Activa and TVS Jupiter at starting price of around ₹73,000. Bajaj Pulsar becomes affordable by ₹7,000. Suzuki Access to have a starting ex-showroom price of ₹84,300. Two-wheeler (2w) companies have started announcing reduction in prices after the Centre’s big Goods and Services Tax (GST) cut. 3. Luxury cars cheaper by up to ₹30.40 lakh: Land Rover Defender reduced by ₹18.6 lakh and Mercedes prices cut by ₹23.50 lakh, see the full list Luxury cars from JLR, Mercedes, Audi, Porsche, and BMW have become cheaper by 5% to 10%, ie, from ₹2.40 lakh to ₹30.40 lakh. The new rates of Goods and Services Tax came into effect from Monday. Under this, the tax on luxury cars has been reduced from 45% (28% GST + 17% cess) to 40%. 4. Gold increases by ₹2,380 to an all-time high of ₹1.12 lakh: Silver reaches a record of ₹1.32 lakh per kg The prices of gold and silver reached their new all-time high on September 22. According to the India Bullion and Jewelers Association (IBJA), 10 grams of 24-carat gold increased by ₹2,380 to reach ₹1,12,155. Earlier, it was at ₹1,09,775. Meanwhile, silver also increased by ₹4,869 to reach ₹1,32,869 per kilogram. 5. Muhurat trading in the market on Diwali will be on October 21: This time trading will be from 1:45 to 2:45 in the afternoon, this tradition is 69 years old Muhurat trading is celebrated in the Indian stock market on the occasion of Diwali. Although the stock exchange is closed on this day, it is specially opened for just one hour in the evening, which is called Muhurat trading. However, this time Muhurat trading will be in the afternoon on October 21 instead of the evening. On this occasion, a one-hour special Muhurat trading session will be held on the stock exchanges BSE and NSE from 1:45 PM to 2:45 PM. There will be a 15-minute pre-opening session for Muhurat trading from 1:30 PM to 1:45 PM. Petrol/Diesel Prices As of Tuesday LPG Prices As of Tuesday