The S&P BSE Sensex closed with gains of more than 100 points while the Nifty50 held on to 18,100 levels for the week ended 4 November.
FCNR(B) hurdle: Singapore holds ground on withholding tax
Given the spread between interest offered on FCNR deposits and interest charged on loans, a 10% WTH on loan interest on tax grossed-up basis would