Well, most of the earnings data, especially for mid and smallcap companies is yet to be announced. For the ones that have announced, while things look decent on the topline front, the margin pressure is visible for different sectors barring banks. But this is on expected lines, and we would not be surprised to see the pressure in the next quarter as well.
Higher capital gains tax: Who benefits the most?
Excluding tax havens such as Hong Kong, Singapore and the UAE, India’s capital gains tax remains one of the lowest globally, especially as the amount