"We firmly believe that there is much more to come in midcaps and smallcaps this year. The correction in this space started from 2018 and has lasted for almost 1 and a half year. The rationale remains, first the valuations have reached to comfortable level, however, with the recent sharp rally seen already in last two months they are not as cheap as they were, but still look attractive," Himanshu Gupta, VP Research at Globe Capital Markets told Moneycontrol. … [Read more...] about Corporate tax cut cheer: 40 NSE stocks gain 30-108% since Sept 2019
Changing real estate agents buyer
There are three ways to withdraw an application under the IBC. First, when the Committee of Creditors (CoC) approves withdrawal of an application by 90 percent vote share. Second, after giving justifiable reasons to allow application withdrawal once expressions of interest have been invited and the CoC is constituted. Third, before the constitution of the committee of creditors (therefore, without 90 percent voting requirement) when such application is filed through interim resolution professional. Once withdrawn and approved by the NCLT (National Company Law Tribunal), a promoter can regain control of the company. … [Read more...] about New IBC amendment: Is it all over now for defaulting promoters?
The drop in total direct tax collections recorded in mid-January was followed by a decline of over 4 percent in December. The total collection from Mumbai up to December stood at Rs 2.20 trillion, 4.3 percent less than Rs 2.30 trillion in the same period in 2018. The fall further grew to double digits after the department released refunds on December 31, said the report citing an I-T official. … [Read more...] about Direct tax collections from Mumbai dip 13% first time in 10 years
"Only together can government, business, the scientific community, and NGOs can solve the world's most pressing challenges – and only if they put a relentless focus on what to achieve and how to achieve it," said SAP co-chief executive officers, Jennifer Morgan and Christian Klein. … [Read more...] about World losing trust in climate science, Indians most-trusting: WEF survey
Interestingly, a lot of mayors are willing to give up parking spaces for gasoline vehicles to improve electric vehicle infrastructure, though this was split along party lines, with 78% of Democratic mayors and 40% of Republican mayors in support of this change. That’s a win for the environment, but it’s still prioritizing cars on city streets. Getting people to challenge car culture is going to be really important going forward, Einstein says. “We hope that mayors can see these results and say, ‘Huh, maybe I need to think more critically about how I treat parking spots in cities,'” she adds. Still, it’s clear it’s not just mayors who are still idolizing cars, and if they’re going to change anything around how vehicles fit into their cities, Americans need to be willing to let go of their cars a little bit, too. … [Read more...] about U.S. mayors like the idea of being less car-focused but hate the policies that could make it happen