Recent cut in corporate tax rate was done to boost investments: CEA
"Private investment is the driver of economic growth. Steps that we are taking, be it corporate tax rate cut, be it code on wages and industrial relations, is to try and create a more favourable environment for investment," Chief Economic Adviser KV Subramanian said at the FICCI Young Leaders Summit. He said investment is required for a sustained economic growth.
Solar power earns Rs 1 crore for South Delhi Municipal Corporation
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Suraksha Realty hopeful of getting favourable vote of lenders, home buyers on Jaypee bid
A Committee of Creditors (CoC) on Saturday decided that home buyers and lenders of Jaypee Infratech will vote on the bids of state-owned NBCC Ltd and private sector firm Suraksha Realty at the same time.
Share market update: PSU shares advance; SAIL climbs 3%
The Nifty PSE index was trading 0.42 per cent up at 3136.30 .
Share market update: Nifty Financial Services index up; Cholamandalam Investment gains 3%
The Nifty Financial Services index was trading 0.33 per cent up at 14,088.05 .
Geojit Financial maintains hold on ONGC, target price Rs 137
The brokerage cited lower than expected September quarter results for the rating.
Luxury retailer The Collective plans expansion
It costs Rs 5-6 crore per store to set up and over the next three years, the company will spend Rs 50-60 crore on The Collective portfolio, its brand head, Amit Pande, said. “We want to double our footprint and our monobrand portfolio will also see growth. However, those (mono-brand) stores cost much less at about Rs 2-3 crore per store to set up.”
MCXCCL first Indian clearing corporation to get ESMA recognition
European participants shall be able to apply lower risk weightage towards their exposures to MCXCCL and be benefitted towards lower capital requirements.
Parliament okays corporate tax cut; FM says software developers, miners not eligible for lower rates
Replying to a debate on the legislation, Sitharaman said a negative list of activities that do not constitute manufacturing has been created and will not be eligible for the lower 15 per cent tax rate for manufacturing firms that are set up after October 1 and that begin operations by 2023.
While trade war between US & China escalated, couldn't have waited to slash corporate tax: Nirmala Sitharaman
FM Sitharaman had in September announced corporate tax rate cut from an effective 35% (including surcharges and cesses) to an effective 25.17% while the rate for new manufacturing companies reduced to 15% from 25%.
Corporate revenues contract 0.9 per cent in Q2: Report
An analysis of the second quarter financial results of 609 companies in the Indian corporate sector (excluding financial sector entities) by Icra showed a year-on-year (y-o-y) and sequential contraction in revenues for the first time in almost four years. Aggregate revenues contracted by 0.9% on a y-o-y basis.
Lok Sabha passes Bill to effect corporate tax reduction
The Lok Sabha passed a Bill to replace an Ordinance for effecting reduction of corporate tax rates. In the biggest reduction in 28 years, the government in September slashed corporate tax rates up to 10 percentage points as it looked to pull the economy out of a six-year low growth with a Rs 1.45 lakh crore tax break.
Sebi orders LIC, SBI, Bank of Baroda to reduce stake to below 10% in UTI AMC
UTI AMC is promoted by four public sector financial institutions as sponsors -- State Bank of India, Life Insurance Corporation of India, Bank of Baroda and Punjab National Bank.
ET Awards 2019: Wipro wins the 'Corporate Citizen of the Year'
Rishad Premji wipro chairman receives the 'Corporate Citizen of the Year'. Watch!ET Awards 2019: Wipro wins the 'Corporate Citizen of the Ye...
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