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Gland Pharma shares jumped seven percent to touch an intraday high of thirty-three hundred fifty-two rupees on November ninth, despite a broader market sell-off. The stock opened at thirty-one hundred forty-seven rupees on the National Stock Exchange following a previous close of thirty-one hundred thirty-two rupees and eighty paisa on Sunday.
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A newly released drafting manual aims to help Goods and Services Tax officers prepare proper show cause notices. It also assists tax practitioners in identifying and challenging defective legal notices. This resource ensures that foundational tax proceedings begin correctly.
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Divi's Laboratories stock touched a new 52-week peak after reporting strong financial numbers for the second quarter of the 2027 fiscal year. Net profit increased significantly by 64 percent from the previous year, while total revenue saw a strong 35 percent rise. Market analysts pointed to expected growth in specialized manufacturing segments.
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Citi Research forecasts the Nifty 50 index will hit 28,000 points by the conclusion of 2027. This optimistic outlook stems from robust earnings expectations and declining crude oil prices. Furthermore, recent foreign investor participation has boosted market confidence.
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Taxscan has published the third part of its Goods and Services Tax Appellate Tribunal case digest for October 2026. The downloadable document compiles tribunal findings, legal questions, and final decisions into a concise format for professionals. It serves as a reference for practitioners seeking recent legal updates.
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Pearl Global Industries shares climbed nearly 6 percent to reach a 52-week high following higher quarterly profit figures. The apparel manufacturer also declared an interim dividend of ₹5 per share ahead of its record date. Investors are now watching to see if the stock price momentum will persist.
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Indian benchmark indices traded lower during the session, with the Nifty falling below the 24,500 mark. HCL Tech and Bharti Airtel emerged among the top losers on the exchanges. Investors experienced a downward market trend as key equities faced selling pressure.
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Tata Steel anticipates reaching a financial break-even point in its United Kingdom operations during the fourth quarter of fiscal year 2027. Meanwhile, the company expects its domestic Indian segment to see performance gains in the second half.
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This document compiles Goods and Services Tax Appellate Tribunal rulings published on Taxscan.in throughout October 2026. It highlights primary legal questions, tribunal conclusions, and final verdicts in a summarized layout for professionals.
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According to Axis Mutual Fund, Democratic gains in United States midterms might reduce geopolitical tensions and encourage foreign portfolio investments. However, domestic corporate earnings growth remains the primary driver for equity markets.
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The Authority for Advance Rulings determined that Kraft paper bags manufactured from Kraft paper and adhesive gum attract a 5 percent Goods and Services Tax under Entry 1 of Schedule I to Notification No. 9/2025-Central Tax (Rate). Input tax credit is available if Section 16 conditions are met.
Effective Not specified in the update
For professionals: Verify billing software and invoice classifications to reflect the 5 percent Goods and Services Tax rate under Notification No. 9/2025-Central Tax (Rate). · Audit supplier documentation to ensure all prerequisites under Section 16 are fully satisfied before claiming input tax credit.
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Domestic equity benchmarks Sensex and Nifty opened higher following favorable cues from international markets. Trading activity reflected upbeat sentiment across major global indices.
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