CORPORATE TAX CUTS
People from many industries are coming to us and saying they are out of distress: Nirmala Sitharaman
Commenting on her decision to slash corporate tax, the finance minister said that the industry has told her that the decision was taken at the right time and that it has made a big difference to their books. She said that the decision was announced on September 20 and industry will take time in announcing major investment decisions.
Mid, smallcap-focused PMSes played catch up with largecap peers in Oct amid tax cut-fuelled rally
Just one out of every 10 PMSes could delive...
Govt mulling cutting stake in IOC to below 51%
Indian Oil is the third oil company in which it is thinking of cutting stakes.
Tax cut shores up India Inc’s profit, but revenues slip
First turnover fall in nine quarters due to low demand, inventory pile-up & base effect.
Budget 2020: FinMin seeks suggestions for rationalising income tax, other duties
While the ministry holds pre-budget consultations with representatives of different sectors and stakeholders, the Department of Revenue in the finance ministry perhaps for the first time put out circular seeking suggestions for changes in income tax rates for both individuals and corporates as well as in indirect taxes such as excise and customs duty.
Midcaps will outperform largecaps over 2-3 years: Kashyap Pujara, Axis Capital
It is going to be a U-shaped recovery for the midcaps, said Kashyap Pujara.
Commodity companies seek tax rebate to cut costs
A tax of 0.01% is levied on exchange-traded commodity derivatives apart from other taxes.
IMF wants Indian government to be more credible, transparent on fiscal numbers
India should be more transparent on fiscal numbers as it is a laggard among G20 peers on this front, said IMF.
RBI to cut rates by 40 bps by Feb despite high inflation
The consumer price inflation fastened to 4.62 per cent for October.
Fitch raises India's FY20 fiscal deficit forecast to 3.6% of GDP
Fitch said it was revising the fiscal deficit forecast as revenue collection is likely to fall far short of the projections in the FY2019/20 Union Budget due to weak GST and corporate tax collections. Weak revenue collections resulting from sluggish economic growth and government's sweeping corporate tax rate cut were the other reasons, it said.
Trade truce unlikely in 2020 but US recession fears recede: Poll
Asked about the Fed’s next interest rate move, 55 of 75 economists said it would be a cut.
Fed chief Powell pushes back on negative interest rates
Powell's opening statement, in fact, emphasized that even after a year in which many market analysts saw a rising risk of a US recession, the Fed's outlook is for continued growth.
Kotak Institutional Equities downgrades BHEL to sell, cuts fair value to Rs 46
Sell Bharat Heavy Electricals Ltd. at a price target of Rs 46.0 .
Credit Suisse retains neutral on Edelweiss Financial Services, cuts target price to Rs 135
Neutral Edelweiss Financial Services Ltd. at a price target of Rs 135.0 .
Oil rises amid optimism over OPEC supply cuts, hopes on US-China trade
Brent crude futures were up 19 cents, or 0.3 per cent, at $62.47 a barrel by 0759 GMT.
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