The share price rose 189 percent in last 3 months.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 Unitech locked in upper circuit even as firm clears the air on ED notice
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Under GAAR, foreign investors have to prove they are not operating from a jurisdiction just to take advantage of the tax treaty. To determine if an entity has a ‘material substance’ in that jurisdiction, tax authorities see if an entity has an office with sufficient staff and conducts operations from there. … [Read more...] about Why foreign investors prefer France to route derivative trades
"While macro factors are still not conducive, FMCG growth in the last quarter of 2019 seems to be stabilizing. This comes from the festive uptick in MT and E-commerce channels. Excessive and untimely rains have impacted growth in the West Zone," said Sharang Pant,Lead, RMS and Retail Vertical, Nielsen South Asia. … [Read more...] about January-March FMCG growth at 8-9%, slowest in three years: Nielsen India
The key takeaway from the earnings announced so far is this: the economic slowdown is hurting the pr banks. Most of the large bad loan accounts may get adjusted in the third and fourth quarters, but the real challenge for banks will be to expand their loan book, which in turn will help increase profits. … [Read more...] about Bad loan hit banks wary of corporate loans; what it means for a struggling economy?
Here, Tongia said that while wires business saw a healthy growth, the cables business on the institutional side saw a degrowth. He attributed this dip to the large base and the one-time orders as well as the slowdowing leading to project delays and liquidity crisis. … [Read more...] about Polycab India Q3 net profit up 14% on low finance costs, tax outgo