“It’s a chain reaction. If the end consumer loses appetite, the effect will go right up to the producer. This is an extraordinary time, and the problem is so widespread that it’s hard for anybody in the middle to absorb the shock,” a GAIL executive told the paper. … [Read more...] about Coronavirus impact | Energy firms receive force majeure notices from customers: Report
Dallas based investment firms
The stock had fallen nearly 80 percent in the last three-month period, which was quite a big correction compared to Nifty Bank (down 46 percent), Nifty (down 34 percent) and Nifty Private Bank (down 49 percent), following concerns around asset quality and strength of funding franchise. … [Read more...] about UBS Principal Capital buys Rs 197cr worth shares of IndusInd Bank
Out of the 100-odd tax exemptions available to the tax payer earlier, 70 of them have been eliminated. While I haven’t read the fine print yet, the first reactions point to the fact that many of the widely-used exemptions like HRA, PPF, Interest on home loan etc have been removed under the new tax regime. Extreme confusion could prevail in the initial days before tax payers could compute the tax liability from the two cases: … [Read more...] about Budget 2020: A good opportunity squandered
Companies, however, have said that this would effectively broaden the restricted window for a period of 202 days (roughly seven months) of the financial year. The restricted window is for financial results, takeovers, buybacks, dividends, mergers, expansion plans and public and rights issues. … [Read more...] about SEBI tightens rules; promoters, insiders not allowed to buy shares until June 30: Report
The CSO releases the quarterly GDP estimates with a two-month lag every year. It also releases annual advance estimates in first week of January and later in the last week of February. National accounts estimates go through multiple revisions through three years based on updated data across sectors.The first provisional annual estimates are released on the last working day of May. So, for 2018-19, the provisional GDP estimates will be released on May 31, 2019. … [Read more...] about Fresh Row: What is India’s GDP and how is it calculated?