Sword of Damocles: Fiscal Deficit and Sovereign Rating
India's fiscal deficit is at the centre of debate after many years of calm. Finance minister Nirmala Sitharaman has little room to manoeuvre. More than printed numbers, it is the details that will matter with doubts over budget numbers.
Gold rate today: Bullion slips as traders move to riskier assets
Gold futures were down 0.34 per cent to Rs 40,105 per 10 gram.
What to expect from Budget 2020: Tweaks in I-T rates, DDT & LTCG
Few analysts say an income-tax rate cut may not materialise this time around.
ITI cuts FPO price band, extends issue period
The telecom equipment maker cut the price band to Rs 71-77 per share.
Government may get Rs 45,000 crore cushion on corporate tax cut
The govt is estimating a Rs 1 lakh cr loss due to a reduction in corporate tax, lower than what was expected.
Ind-Ra cuts rating on Voda Idea debentures
“India Ratings and Research (Ind-Ra), has downgraded its rating on Non-Convertible Debentures of Rs. 3,500 crores of erstwhile Vodafone Mobile Services Limited (since merged with the Company),” said the telco in a regulatory exchange on Friday .
Corporates cut back on business with Oyo because of service, quality issues
Owing to multiple issues hovering around Oyo Hotels & Homes ranging from safety and security of women to service and quality issues, several companies including L&T Infotech, Vodafone Idea, TCS and others have cut back on their business with Softbank-powered Oyo. As a result, Oyo’s corporate business has stayed flat over the past one year.
Banks approve reduced fees for UPI, RuPay
After a letter from the Indian Banks’ Association (IBA) on removing entire fees on these transactions, which would have meant significant revenue loss for its owner National Payments Corporation of India (NPCI), the two parties have reached an understanding for now.
From Budget 2020, common man wants income tax cut and incentives to spend: Survey
A recent survey by Local Circles, a community social media platform, found that most people want the government to not just provide a tax cut but also announce measures that will provide an incentive to spend.
Maruti’s Q3 margins improve on cost-cutting: 5 key takeaways
Exports for the company rose 2.7% as it sold 23,663 vehicles outside India during the quarter.
More infectious but less fatal than SARS
As per WHO statistics, 202 laboratory-confirmed cases of nCoV including three deaths were reported till last week. During the period of infection in the 2003 SARS outbreak, 774 deaths were reported. Public Health Foundation of India president Dr K Srinath Reddy said, “At present nCoV seems less virulent than SARS but looking at the quick spread it is more infectious than SARS.”
View from New York: World waits to see if FM takes a short cut in Budget
Taking a front lens to Budget instead of evaluating the past from an accounting standpoint would be a good step.
View: Sitharaman must stoke optimism in Budget 2020
There is one thing Sitharaman's upcoming Budget should focus on, bringing back optimism.
Old electric car batteries may help cut costs of storing power
Relectrify, which is holding talks with battery manufacturers and distributors, sees potential to eventually help improve performance of batteries for the auto sector, in addition to energy storage.
Revised property tax rate will not burden ordinary men: Kozhikode corporation mayor
Houses having 660 square feet need not remit any type of tax hence there will not be any burden of tax on the ordinary men.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service