Your Money: Charitable granting soars even as tax changes transform giving
NEW YORK (Reuters) - Despite tax reforms that changed an important incentive for giving to charities last year, Americans are still giving away record amounts - just from funds they had put aside for donations in previous years. FILE…
Tata rules out intention to sell Jaguar Land Rover; looks for partners
Losses at Tata’s automotive business have mounted with a slump in India’s car market, as well as trouble overseas.The Indian conglomerate that owns Jaguar Land Roversaid it is open to finding partners for the automaker but isn’t…
RBI raises withdrawal limit for PMC Bank depositors to Rs 40,000
In what could be seen as an attempt at damage control, finance minister Nirmala Sitharaman on Saturday said she had spoken to the RBI governor, who had assured her that customers’ concerns will be treated as a top priority.The Reserve…
Wipro share price jumps after strong Q2 results; should you buy or sell stock?
Wipro share price jumped more than 3.29% to hit the day’s high at Rs 251.80 on BSE. (Image: Reuters)Shares of India’s major IT giant Wipro gained on Wednesday morning after the firm reported robust Q2 results. Wipro share price jumped…
Huawei looks at India as US bans it for spying for China govt; commits to follow all rules
India, the largest wireless market outside China by number of subscribers, has been a focus for investment by Huawei.Huawei Technologies Co., the wireless network giant blocked from selling its equipment in the U.S. and some other…
Indian public sector banks had “worst phase” under Manmohan Singh, Raghuram Rajan:…
Delivering a lecture at the prestigious Columbia University’s School of International and Public Affairs here on Tuesday, Sitharaman said that giving all the public sector banks a “lifeline” is today her primary duty.Finance Minister…
Stock corner: Sun Pharma trading at 20% discount, retain buy – Jefferies
Sun is trading at 16x FY21 PE, a 20% discount to peers.Sun announced the launch of its dry eye treatment drug Cequa. We expect it to have $70m peak sales in two years. While Restasis genericization is a risk, we believe Cequa, given its…