Angel Tax: No assessment of startups registered with DPIIT
This means startups registered by the DPIIT Start-ups will not face tax verification on account of angel taxation in case they are picked up for scrutiny. There are 99,380 startups recognised by the DPIIT. Besides, in cases where proceedings are auto generated, “contentions of such recognised startup companies on the issues will be summarily accepted”.
India is in a good place but global economy is getting weaker, riskier: World Bank chief economist Indermit Gill
In an interview with Deepshikha Sikarwar on the side lines of G20 finance ministers and central bank governors meeting in Marrakech, Morocco, Indermit Gill, chief economist, World Bank, said governments will have a tough time managing.
Q2 results this week: HDFC Bank, HUL, ITC, ICICI Bank, Kotak Bank, Wipro, Paytm and more
In the coming week, financials are set to dominate the earnings with big private banks including ICICI Bank, Kotak Bank, and HDFC Bank set to report their results. Apart from them, several Nifty heavyweight across sectors are slated to announce their earnings. Here’s a look
Time for Tata Steel, Hindalco to join metal rally; prefer Ashok Leyland to Tata Motors: Sanjiv Bhasin
“Tata Motors, Maruti, TVS and Hero MotoCorp are all hitting new highs. But rather than Hero, I will go with Bajaj Auto. And not Tata Motors, I would put my money on Ashok Leyland. They have garnered more market share. Tata Motors is the institutional favourite but I would put my money on Ashok Leyland.”
Finance minister Nirmala Sitharaman pitches for strong, quota-based IMF
In her remarks at the IMF Board of Governors meeting here on the theme of ‘Dialogue on Policy Challenges’, Sitharaman expressed concerns about the slowdown in global growth. The IMF’s steering committee has agreed on achieving a “meaningful increase” in quotas by the end of this year, its chair Nadia Calvino said. The committee also […]