CORPORATE TAX CUT
CITU condemns cut in small savings schemes interest rates
"This will affect financially the mass of the populace, the superannuated, income-less several crores of senior citizens in particular who survive mainly on the meager return on their savings," Tapan Sen, general secretary of CITU said in a statement.
Maharashtra CM, cabinet to take a 60% pay cut for this month
Chief Minister Uddhav Thackeray and other MLAs will be taking 60% deductions in ...
LPG cylinder prices cut sharply, second price reduction in two months
As per IOC's revised rate list that was made public today, the 14.2 cyl...
Tata Steel cuts down production across all major operations in Inda and Europe
The company also said in view of the restrictions in the despatch of finished goods and poor market conditions due to the shutdown of customer operations in automotive, construction and other segments, shipments to customers have been curtailed. "All payments to MSME vendors and contract workers are being done on due dates," the statement added.
Brazil's Oi kicks off renewable energy project to cut costs by $77 mln per year
The renewable project, which involves 25 solar, biomass and hydroelectric mills totaling 123 megawatts in capacity, follows the so-called "distributed generation" model, in which Oi buys clean energy at lower prices.
PNB, IOB cut lending rates by 75 basis points
"We have decided to pass on the full benefit of the recent RBI's policy rate cut of 75 bps to our borrowers covered under external benchmark-linked product of repo-linked lending rate (RLLR)," PNB said in a statement.
Fiat Chrysler boss takes 50% temporary pay cut on virus
The head of the Italian-American automaker made the announcement in a letter to employees obtained Tuesday by AFP. The letter says that Fiat Chrysler Chairman John Elkann and members of the company's board of directors were giving up their salaries until the end of 2020.
SpiceJet announces 10-30% cut in March salary for all employees
Employees will take 10-30% deductions in their March pay. SpiceJet chairman Ajay Singh will take a 30% pay cut. IndiGo, India's largest airline, had announced similar cuts a couple of weeks ago. GoAir, owned by the Wadia group, has asked employees to go on a rotational leave without pay.
Lockdown effect: ANMI urges Sebi to cut trading hours to 10 am-2 pm
At present, the market opens at 9.15 am and closes at 3.30 pm.
RBI likely to cut interest rates by 100 bps in FY21: Fitch Solutions
Fitch Solutions said an easing of inflation back within the RBI's 2-6 per cent target range will provide room for the RBI to ease monetary policy further over the course of the year to support the economy.
These banks have cut interest rates on loans
For instance, Bank of Baroda announced that it has reduced its repo-linked lending rate (BRLLR) by 75 bps with effect from March 28, 2020.
Natural gas prices cut by steep 26 pc; huge dent in ONGC revenues
Oil Ministry's Petroleum Planning and Analysis Cell (PPAC) said the bulk of India's existing gas production will be priced at USD 2.39 per million British thermal unit for the six-month period beginning April 1, down from USD 3.23 as of now. This will be the second reduction in six months to the lowest since 2014.
Cut out the noise. Now’s the time to add more to your equity SIPs
Investors who have SIPs should not panic and stop their investments.
UP CM Yogi Adityanath cuts short visit to COVID-19 affected districts; to hold emergency meeting on Nizamuddin sit
Twenty-four people, who took part in a religious congregation in Nizamuddin West earlier this month, have tested positive for the novel coronavirus. The Delhi Police has cordoned off a major area in Nizamuddin West where several people showed symptoms of the coronavirus after taking part in the Tabligh-e-Jamaat.
Bernstein cuts Bajaj Finance to ‘underperform’
This is one of the biggest cuts in price target on an Indian blue-chip stock in recent times.
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