Asian markets saw a dip for the second day as a strong rally cooled. US Treasuries held their ground after gains. Samsung Electronics reported record profits but its stock fell. Mixed US economic data is influencing Federal Reserve rate cut expectations. Geopolitical concerns and economic outlook are also impacting markets.
Losing $1 billion a day: Gurmeet Chadha urges PMO, Finance Ministry to revisit capital gains tax, STT
Gurmeet Chadha has urged the government to revisit capital gains tax and STT, citing sustained foreign capital outflows. He claims India is losing nearly $1