In the five trading sessions leading up to February 14, the Sensex benchmark index saw a 2.5% drop, closing at 77,939. This downward trend was evident across all five sessions. During this period, ETMarkets identified 13 stocks within the BSE100 index that consistently experienced price declines throughout the entire span of the last five trading days. (Data Source: ACE Equity)
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