Business

As GST completes nine years, the focus may now shift from implementation to the future. The next phase of reforms may ensure that India’s tax system keeps pace with the changing needs of the automotive industry.

Crude oil prices edged up as stalled Iran-US talks reignited fears of Middle East supply disruptions. Despite claims of Strait of Hormuz reopening, uncertainty persists. Analysts have lowered oil price forecasts, but US inventory data and ongoing diplomatic efforts remain key market drivers. Investors await official US figures for further direction.

Nayara Energy, India’s largest private fuel retailer, has slashed petrol prices by Rs 5 and diesel by Rs 3 per litre nationwide. This marks the first price reduction by any fuel retailer in over two years, driven by easing Middle East tensions and falling international crude oil prices. While Nayara passed on the benefits, state-run

One of the most notable achievements of GST has been the reduction in the tax burden on several mass-consumption products. Over the years, the GST Council has rationalized tax rates on a range of FMCG products, making essential goods more affordable for consumers.

Commercial LPG prices have seen a significant drop of Rs 183.50 effective July 1, bringing relief to businesses like hotels and vendors. A 19 kg cylinder now costs Rs 2930 in Delhi. Meanwhile, prices for household cylinders remain unchanged. This follows a price hike in June attributed to supply issues.

Stock market recommendations: NACL Industries, Info Edge (Naukri), and Minda Corporation – these are the top stocks to buy recommended by Mehul Kothari, DVP – Technical Research at Anand Rathi Shares for July 1, 2026: