GST reforms impact, FPIs exit India, RMG ban to hit ads & Apple’s AI strategy | MC Editor's Picks

On GST reforms: GoM okays plan to scrap 12% and 28% rates, states seek guarantees to cover revenue loss, and Q3 and Q4 might still see solid earnings from consumer companies. Also inside: FPIs vote with their feet, Sebi chair’s mission to reform capital markets, surge in IT sector M&As, advertisers feel squeeze of RMG ban and more news from the day.