As India remains one of the few countries that taxes foreign portfolio investors on the gains made in the country’s equities, some market participants said reduction in these taxes could make Indian equities more lucrative for these investors.
Boeing posted a wider-than-expected Q2 loss after a $280 million Air Force One charge, but shares rose 5% as positive free cash flow and higher
Tata Capital announced a substantial net profit increase of over 56 percent. Revenue from operations also saw a healthy rise of more than 15 percent.
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