The street has wide expectations from the Finance Minister Nirmala Sitharaman including restructuring in Securities Transaction Tax (STT), long-term capital gain tax, distribution tax, cut in personal income tax, positive measures to industries, schemes for rural market to boost consumption, large-scale disinvestments of PSUs, steps to implement the next phase of Direct Benefit Transfer (DBT) etc. Sector-specific goodies could also be on the cards for segments like agriculture, housing finance, auto, infra, realty etc. … [Read more...] about Market Week Ahead: 10 key things that will keep traders busy this week
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Supply cuts from OPEC countries were balanced by increased shale oil supply from the US. Until a few years back, Saudi Arabia controlled the global oil prices. But now, increased shale oil exploration through advanced drilling techniques has made the US a vital player in the oil market. … [Read more...] about Crude oil in Indian futures market rose 38% in 2019: Where is it headed now?
Tata Consultancy Services (TCS), HDFC Bank, HDFC, Kotak Mahindra Bank and ITC were the other bluechips which witnessed a drop in their market capitalisation (m-cap) for the week ended January 24, while HUL, ICICI Bank, Infosys and SBI finished on the gainers' side. … [Read more...] about 6 of top-10 companies lose Rs 81,148cr in m-cap
Jain said the authorities seriously consider three issues -- efficacy of fintech companies to provide solutions for financial inclusion, myriad of laws and safeguards against abuse of such laws by governments.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app. … [Read more...] about Need to ease norms for fintech sector in India, says a lawyer
The company had said in November 2019 that it would close down its loss-making Saldanha Works due to various factors, including a global downturn in the steel market and a reduction of the plant's export edge due to high costs of electricity, rail transport and price regulation. … [Read more...] about ArcelorMittal SA heads for huge loss; to shed 1,000 jobs