ITI Ltd shares surged 5% to Rs 284 after receiving a revised order to transfer 22.258 acres of land for Rs 200 crore. The company received Rs 100 crore upfront, with the balance pending statutory formalities. Despite short-term gains, the stock remains down 25.66% YTD and trades below key moving averages.
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