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Sitharaman is probably going to give you a tax cut on February 1

India is facing its worst economic slowdown in a decade. Growth slipped to 4.5% in the July-September quarter.
The Economic Times

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E-commerce needs clarity on sale of prescription medicines

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Apple logs double-digit growth in iPhone sales in India in Dec quarter

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  • In 2019, worldwide smartphone sales declined 2%, the first time since 2008, as the global smartphone market experienced a decline. 2019 was a challenging year for smartphone vendors, primarily due to oversupply in the high-end sector in mature markets and longer replacement cycles overall.

    The numbers under the non-debt capital receipts — more commonly known as disinvestment proceeds — look like an eyesore at the moment when seen in the context of the Budgeted target of Rs 1.05 lakh crore. Given the govt's tight fiscal situation, the fear is that Budget 2020 may crimp spending — the very thing needed at the moment.

    While the terms of the second divestment attempt have been considerably sweetened by relaxing eligibility norms for bidders, allowing them to take on a much lower debt-cum-liability burden and the government exiting fully, Air India's biggest strength could be its network. Among Indian carriers, AI and AI Express account for 50.6% market share.

    Over 3.4 lakh investors dealing in listed equity shares and mutual funds are suspected to have evaded or not reported long-term capital gains tax, an analysis by the income tax department showed, prompting authorities to dismiss demands for the abolition of the levy introduced two years ago.

    The last date for submitting bids has been set at February 17.

    A division bench of Justices R Bhanumathi and AS Bopanna observed that under the law, petitioner Bid Services Division (Mauritius) has to go to the high court first before approaching the top court. The court has also directed the Delhi High Court to hear the matter and pass its ruling expeditiously.

    Unsold luxury homes accounted for nearly 34% of all unsold stock across top residential markets at the end of 2019.

    "We hope to see a robust implementation of the auto scrappage policy. We hope the government continues its thrust on infrastructure to strengthen and propel us forward on the path to higher growth once more," Gulf Oil MD said. In 2019, the auto industry recorded its worst-ever sales decline in two decades, with an unprecedented slowdown hampering vehicle offtake.

    The KK Modi Family Trust is said to have put Godfrey Phillips India and other the family controlled businesses including wellness brand Modi...

    Godfrey Phillips sells Marlboro brand of cigarettes and is among the country’s largest tobacco manufacturers.

    A consortium of Indian banks, led by State Bank of India, are likely to be among those claimants as they pursue a separate bankruptcy order against Mallya over unpaid loans related to his now-defunct Kingfisher Airlines. Mallya, meanwhile, remains on bail on a warrant executed by Scotland Yard in April 2017 pending a High Court appeal next month against him.

    Anarock Property Consultants' commercial business will operate in all major cities. It has already secured mandates to strata sell 3 million square feet office space in MMR, NCR. It will focus on sales of office assets to corporates, HNI investors & end-users.

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