80 per cent and Hindustan Unilever 1.95 per cent, V-Guard Industries 5. So far, footwear up to Rs 500 attracted 5 per cent GST, and those having retail sale price of over Rs 500 attracted 18 per cent rate. Shares of footwear, paint makers, consumer durables and FMCG companies surged up to 10 per cent on Monday after the GST Council reduced tax rates on a number of products.

The GST Council on Saturday cut tax rates on 88 items, including footwear, refrigerator, washing machine and small screen TV. ITC rose 3.84 per cent. The revised tax rates will come into effect from July 27.76 per cent.The scrip of Shalimar Paints rose 4.

Shares of footwear, paint makers, consumer durables and FMCG companies surged up to 10 per cent on Monday after the GST Council reduced tax rates on a number of products.Shares of Havells India surged 9.Footwear costing up to Rs 1,000 will now attract 5 per cent GST.96 per cent, Khadim India Vacuum space bags Factory 6."Consumption oriented sector inched higher in expectation of improvement in margin and volume growth on account of lower GST rates," said Vinod Nair, Head of Research, Geojit Financial Services.63 per cent, Akzo Nobel India 1.33 per cent, Butterfly Gandhimathi Appliances 5 per cent, Whirlpool of India 3.The GST Council on Saturday cut tax rates on 88 items, including footwear, refrigerator, washing machine and small screen TV.35 per cent, Bata India 6.

We see paint companies, footwear companies, hotels to be some of the key beneficiaries of the GST Council's decisions on rate-rationalisation," JM Financial Institutional Securities said in a report.09 per cent, Kansai Nerolac Paints 2.75 per cent, Berger Paints 1.71 per cent, Asian Paints 2.77 per cent on BSE.63 per cent and Kajaria Ceramics 0. Among footwear stocks, Liberty Shoes soared 10.13 per cent, Bajaj Electricals 5.40 per cent and Relaxo Footwears 2.45 per cent and IFB Industries 2.The highest tax bracket of 28 per cent has been rationalised further with rates on daily-use items like perfumes, cosmetics, toiletries, hair dryers, shavers, mixer grinder, vacuum cleaners, lithium-ion batteries, being lowered to 18 per cent.38 per cent on BSE.54 per cent, Mirza International 4. Refrigerator, washing machine, small screen TV, storage water heaters, paints and varnishes, will henceforth attract 18 per cent GST as against 28 per cent earlier

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During the quarter, healthcare and pharmaceutical sector overtook the BFSI sector to emerge as the second highest lessor of office space, trailing behind the IT-BPM sector.According to it, IT firms leased smaller offices at an average of 23,000sqf in Q1, from an average of 35,000sqf in Q1 2017.According to property consultant Cushman & Wakefield, companies from the IT-BPM sector leased lower space at approximately 2.Bengaluru accounted for the highest share in the sector’s leasing, followed by Hyderabad and Mumbai.

The property consultant noted that the IT-BPM sector is grappling with challenges on several fronts ranging from protectionist policies in countries such as US, advent of robotics and AI, and lower IT spending. Bengaluru accounted for the highest share in the sector’s leasing, followed by Hyderabad and Mumbai.Healthcare and pharmaceutical sector’s leasing increased seven-fold from Q1 2017 to approximately 1 msf, with both international and national developers taking up larger offices during the quarter.

However, in subsequent quarters, we expect IT-BPM companies to step up hiring for new skills required for enabling newer technology.7 million square feet across the top eight cities in Q1 2018 following which its share in total leasing declined to 37 per cent in Q1 2018 from 46 per cent in Q1 2017.According to it, IT firms leased smaller offices at an average of 23,000sqf in Q1, from an average of 35,000sqf in Q1 2017.

Bengaluru, which has the numero-uno position in the technology space, recorded 36 per cent lower leasing by Cube vacuum space bags Factory IT-BPM companies, while their leasing declined by 16 per cent in Hyderabad. Some big-ticket deals continue to take place in this IT-BPM space, and we expect that to continue in subsequent quarters,” said Anshul Jain, country head & MD, Cushman & Wakefield, India.

Currently, the IT-BPM industry is going through a new phase of growth wherein hiring is restrained in the face of newer technologies like robotics, AI. Mumbai: The IT-BPM sector, which has a higher share in office lease activities in top cities recorded 30 per cent lower uptake of office space in Q1 2018 as compared to the same period last year on account of slowdown in fresh hiring amidst multiple headwinds faced by the sector

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