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The hope for a tax cut fades further after new numbers emerge

The chance that the FM would announce sops for individual taxpayers is becoming less and less likely.
The Economic Times



Nomura sees fiscal deficit slipping to 3.7% in FY20

Nomura expects the Budget to prioritise investment over short-term consumption demand, announce measures for boosting housing demand and attract more long-term risk capital. The brokerage said it expects the Budget to be largely neutral for both growth and inflation.

Nomura maintains neutral on Bandhan Bank, target price Rs 585

Shares of Bandhan Bank closed at Rs 491, down 5.2%.

Nomura maintains buy on Sun TV, target price Rs 689

Overall revenues are likely to decline around 9 per cent year-on-year.

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