"It has been a challenging journey to get us to this stage, but we now look forward to starting work in partnership with all stakeholders to revive these plants and bring employment back. On a personal note, it is great to be investing in the country where my family began in the steel industry a generation ago," Gupta said. … [Read more...] about Sanjeev Gupta finally gets a presence in India, completes acquisition of Adhunik Metaliks
Investment companies that buy houses
Total Income (INR)Extant Rates (per cent)Proposed Rates (per cent)Up to 250,000NilNilFrom 250,000 - 500,00055From 500,001 – 750,0002010From 750,001 – 1,000,00015From 1,000,001 – 1,250,0003020From 1,250,001 – 1,500,00025Above 1,500,00030While offered as a simple tax relief, many from the astute middle class are left pondering as to whether they should buy in to the new low tax regime. For the salaried class, the key deductions and exemptions required to be foregone include house rent allowance, leave travel concession, standard deduction, interest on housing loans, etc. For the business class these deductions also include tax incentives provided for special economic zones, incentives for investing in specified business, additional depreciation claims, etc. … [Read more...] about Budget 2020|Personal tax rate cuts – to elect or not to elect?
There was a strong margin improvement of 326 bps QoQ, purely driven by lower raw material costs (as a percentage of sales). The YoY contraction in margin was mainly due to negative operating leverage as other expenses as a percentage of sales were higher at 14.9 percent in Q3FY20 versus 11.1 percent in Q3FY19. … [Read more...] about Analysts bullish on this synthetic leather-maker, see over 20% upside