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  • Business

    Promoters fudging sales data to boost stock prices

    This company already has a wonderful history of statutory auditors resigning, arrest of CEO/CFO for GST violations etc. Frauds in the company jungle. Very easy to cheat, hard to discover and even harder to accept. Take the case of this company named Manpasand Beverages. The company was brazen enough to have a board meeting, ducking the independent directors. The sequence of events and the story...

    • 6 hrs ago
  • Business

    More upside could be in store

    According to experts, the tax cut decision will drive the market in the short run. Mumbai: The positive momentum triggered by the tax cuts announced by the government could drive the market higher even as factors like F&O expiry as well as foreign fund flows are the factors to watch out in the week ahead. "The market will witness a revival in enthusiasm as the newly announced fiscal measures will give...

    • 7 hrs ago
  • Business

    Tax cuts to boost cash flows, private capex

    Friday's tax cuts could boost corporate profitability and cash flows that is likely to be used by India Inc for debt reduction and capex growth. Mumbai: Friday's tax cuts could boost corporate profitability and cash flows that is likely to be used by India Inc for debt reduction and capex growth. According to ICICI Securities, "the immediate benefit is increased cash flows to corporate...

    • 7 hrs ago
  • Business

    Top 1,000 listed firms may see tax savings of Rs 37,000 cr post corp tax cut: CRISIL

    The drop in tax rate would now bring India at par with most Asian economies, the report added. New Delhi: CRISIL Research on Sunday said top 1,000 listed companies could see tax savings of Rs 37,000 crore on account of the corporate tax cut. "Over the past few days, a slew of measures have been introduced to address the slowdown in the Indian economy....

    • 12 hrs ago
  • Business

    Experience more relevant than what you learnt 35-40 years ago: RBI Gov Das

    RBI Gov Shaktikanta Das was responding to a question whether his academic qualification weighed him down as the governor. Mumbai: Shaktikanta Das has played down many jokes and spoofs about his history background soon after his surprise appointment as the 25th governor of the Reserve Bank of India (RBI) last December after the 'protest' resignation of Urjit...

    • 13 hrs ago
  • Business

    Tax cuts to boost industry; now need to focus on spurring demand: India Inc

    These tax cuts will have tremendous positive effect. We will soon see a turnaround, said Godrej Group Chairman Adi Godrej. Mumbai: Industry leaders from diverse sectors such as manufacturing and services expect the reduction in corporate tax rates to create a positive impact on the economy, leading to a speedier turnaround. Last Friday, the government announced a...

    • 13 hrs ago
  • Business

    MASSIA to hold industrial expo in Aurangabad in January

    The expo will showcase the industrial strength of Marathwada region, export convener Sunil Kirdak said. Aurangabad: The Marathwada Association of Small Scale Industries and Agriculture (MASSIA) will organise the 'Maharashtra Advantage Expo' in Aurangabad in January next year, a senior office-bearer said on Sunday. Companies from Germany, China, Japan and some other countries have...

    • 14 hrs ago
  • Business

    Non-life insurers register 17 pc rise in Aug new premium income at Rs 15,964 cr

    The 34 insurers' gross premium collection stood at Rs 13,657.51 crore in the same month a year ago. New Delhi: India's non life insurance companies registered a rise of 17 per cent in their combined new premium collection at Rs 15,964 crore in August, Irdai data showed. Among these, the 25 general insurance providers had a combined premium of Rs 12,447.10...

    • 15 hrs ago
  • Business

    Post Saudi attacks, in last 6 days petrol price rises to highest in 2 years: Report

    Petrol price was on Sunday hiked by 27 paise to Rs 73.62 a litre in the Delhi market. New Delhi: Petrol prices have soared by Rs 1.59 a litre and diesel by Rs 1.31 in the last six days -- the most since daily price revision was introduced in 2017, as a massive strike at Saudi Arabian oil facilities jolted oil markets. Petrol price was on Sunday hiked by 27 paise...

    • 16 hrs ago
  • Business

    Banking, FMCG to benefit from corp tax cut; pharma, IT to remain untouched: Report

    The immediate benefit is increased cash flows to corporate India. New Delhi: The government's big announcement of a cut in corporate tax will benefit sectors such as banking and FMGC but Information Technology and pharma may not see any tangible benefits as their current effective tax rate is lower, ICICI Direct Research said in a report. "Like a bolt...

    • 17 hrs ago

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