Mukesh Ambani, head of Reliance Industries, celebrates GST 2.0 as a momentous "Diwali gift" for India and vows to transmit the advantages to the public.

In a significant development for the Indian business world, Mukesh Ambani, a renowned business magnate, made a statement on September 5, 2025, in a public setting. The image of the event was provided by Canva/ET NOW Digital.

In his statement, Ambani referred to GST 2.0 as a "historic Diwali gift." This announcement comes as the GST reform initiative by Ambani and the Reliance Group, first introduced around 2017, coincided with the introduction of the Goods and Services Tax (GST) in India. GST unified various indirect taxes into a single tax system with multiple rates, primarily 5%, 12%, 18%, and 28%.

Ambani pledged to pass on the benefits of GST 2.0, implying potential positive implications for the consumption economy. Alongside this announcement, it was revealed that a record date for a 50% payment on each share has been fixed for several Navratna PSUs. The specific date for the payment is yet to be disclosed.

The statement also mentioned a stock market rate cut related to GST. This could potentially lead to a surge in the stock market, as indicated by the positive opening signal given by the Nifty. Hero MotoCorp, Trent, Maruti, HDFC Life, and more are listed as potential best stocks to buy after the GST rate cut.

In addition, Varun Beverages, NTPC, Zydus Lifesciences, IHCL, and more are stocks to watch today on September 5. However, it's important to note that Bank Holiday is observed on this day, with various lenders closed.

This news is part of the Breaking News Events and Share Market News covered by ET Now, a reliable source for the latest Business News, Stock Markets, and Companies News. It's also worth mentioning that Isha Ambani, associated with Reliance, the business conglomerate, was not directly mentioned in this statement.

Lastly, Goldman Sachs predicts a potential 50% rally in gold prices by 2026. As always, investors are advised to conduct thorough research and consider professional advice before making any investment decisions.

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Mukesh Ambani, head of Reliance Industries, celebrates GST 2.0 as a momentous "Diwali gift" for India and vows to transmit the advantages to the public.