Taxman asks companies to reverse credit claimed on IPO expenses
Tax authorities have started issuing notices to these companies, asking them to reverse credit claimed on expenses for listing of the shares, people aware of the matter said. The authorities argue that listing of shares is equivalent to trading of securities, which is an exempted service as per the GST provisions, hence tax credit claimed […]
India to focus on bridging international skills gap
Efforts will be made towards building a consensus among the G20 countries on developing a framework for assessing the skill gaps and harmonisation of skills qualification across these countries to enable faster and easier labour mobility and at a reduced cost.
India seeking to restructure multilateral fin institutions like IMF, WB in its G-20 presidency: Amitabh Kant
He said 15x more resources can be ploughed in to fight various developmental challenges like education and health and achieve sustainable development goals by using innovative financial instruments like blended finance, credit enhancement and first loss guarantees.
Manufacturing, services log 8.27 per cent attrition in Q3: Report
With a continuance of the ‘Great Churn’, attrition across industries witnessed a 0.46 percentage point increase from an average of 7.81 per cent in the second quarter to 8.27 per cent in the third quarter, according to TeamLease “Employment Outlook Report”.
BPCL Q3 Results: Net profit falls 36% YoY to Rs 1,747 crore
Revenue from operations rose 13% to Rs 1.33 lakh crore in the three months ended December
No large shareholder has exited Adani Group; huge promoter debt unsubstantiated speculation, says CFO Jugeshinder Singh
“Every week on average, our portfolio makes about Rs 1,100 crore. This Sunday also, that number was achieved. Next Sunday it will be the same, the following Sunday it will be the same. We believe that it will become clear to investors that this short-term volatility will be addressed as we go through over the […]
Budget a boon! Sensex gives positive returns for 4 years in a row
The spike in commodity prices following Russia’s invasion of Ukraine, spiralling inflation, and steep rate hikes by central banks hurt consumption significantly and hurt consumer durables and consumer discretionary firms.
76 stocks turned multibaggers since last Budget. Which sectors may benefit this time?
In the last Budget, which was pro-growth, Sitharaman had increased capex by 35%. Nifty had welcomed the Budget with great vigour and closed the Budget day session on a cheerful note, up 1.4%.
Chart Check: This midcap offers attractive risk-reward post 40% fall from highs; contra buy?
The stock hit a 52-week high of Rs 168 on 2nd February 2022 but it failed to hold on to the momentum. The stock bounced back after hitting a low of Rs 93 back in June 2022.
L&T Q3 preview: PAT growth seen slowest in 3 quarters, order inflows outlook key
The management’s outlook for orders, particularly from the government side, will be closely tracked by investors. This year will be critical from a government-spend perspective given that general elections are scheduled to take place in 2024.