IBTimes News

Central GST collections rose to Rs 34,289 crore, state GST collections to Rs 41,368 crore, and integrated GST collections to Rs 98,894 crore.

The earlier deadline of December 31 was extended after a large number of users complained about technical problems on the MCA portal. Filers reported frequent timeouts, glitches and system errors that made it difficult to upload documents and complete submissions on time.

By simplifying taxation, modernising labour laws, strengthening MSMEs, boosting rural employment and advancing digital payments, these measures collectively foster trust, resilience and global competitiveness in India's economy, according to an official statement issued on Tuesday.

The date of the next GST Council meeting remains unknown, the reports said. The Council last met in September for its 56th session, when rates on purifiers were left unchanged, and officials said any reduction would require consensus among state finance ministers.

Around 9.30 am, the Sensex moved down 115 points, or 0.14 per cent to 84,579 and the Nifty eased 30 points, or 0.12 per cent to 25,911. Main broad cap indices performed in line with benchmark indices, with the Nifty Midcap 100 declined 0.03 per cent, while the Nifty Smallcap 100 lost 0.08 per cent.

The pullback followed an early surge that saw gold touch $4,584 per troy ounce and silver climbed to $82.67 per ounce before both metals failed to hold gains. Analysts attributed the retreat largely to stretched long positions, a hike in margin requirements by the Chicago Mercantile Exchange (CME) and thin holiday trading that amplified intraday swings.

The sharp fall highlights the growing challenges Ola Electric faced through the year. Ola Electric's troubles were also linked to operational issues, including customer complaints related to service delays and inconsistent deliveries.

The growth momentum further surprised on the upside, with GDP expanding to a six-quarter high in Q2 of 2025-26, reflecting India's resilience amid persistent global trade uncertainties.

Gold continues to remain far ahead as the world's most valued asset, with a market capitalisation of $31.598 trillion as of Friday (December 26). The sharp rise in silver's valuation comes amid a historic rally in prices. Spot silver on Comex crossed the $75 per ounce mark on Friday and extended gains to hit a fresh record high.

As per the report titled 'Trends in Private Equity Investments in India: H2 2025', office assets continued to dominate private equity inflows during the year. Office real estate attracted 58 per cent of the total investments, amounting to $2 billion, reflecting strong investor confidence in the sector's scale, rental stability and institutional demand.

Despite the decline, improving regulation, growing institutional involvement and expanding blockchain adoption are keeping long-term optimism alive, with 2026 increasingly being seen as a potential turnaround year for the crypto market.

Further a multiyear structural supply deficit 148.9 million ounces in 2024, has buoyed investor sentiments along with expectations of further Fed easing of 0.75 per cent and at least two rate cuts next year. A weaker dollar, geopolitical tensions are also boosting preciousmetal demand beyond industrial use.

According to government data, electronics production has increased sharply from about Rs 1.9 lakh crore in 2014-15 to around Rs 11.3 lakh crore in 202425. Electronics exports have also risen from Rs 38,000 crore to more than Rs 3.27 lakh crore during the same period.

MCX gold February futures rose 0.72 per cent to a record Rs 1,39,091 per 10 grams, while MCX silver March futures jumped 3.56 per cent to a record Rs 2,31,759 per kg, as of 10.10 am. Earlier in the day, silver futures had touched an intraday high of Rs 2,32,741 per kg.