China, U.S. had ‘constructive’ trade talks in Washington: Xinhua
FILE PHOTO: Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019. REUTERS/Aly Song/File Photo/File PhotoBEIJING (Reuters) - China and the…
India Inc expects corporate tax cut to create positive impact on economy, speedier turnaround
Niti Aayog CEO Amitabh Kant said the government has brought corporate tax on par with the East Asian neighbours and on par with the best tax regimes across the world.Industry leaders from diverse sectors such as manufacturing and…
SBI likely to soon launch co-lending model with mid to large-sized NBFCs
It has been a year since the Reserve Bank of India (RBI) laid out the framework for co-origination of loans by banks and NBFCs in the priority sector.State Bank of India (SBI) is expected to launch a co-lending business model soon with…
Blockbuster Friday: Markets roar to life on tax dose
The Sensex rallied by nearly 2,000 points on Friday, as investors celebrated the announcement of a cut in corporation tax rates as also the removal of the enhanced surcharge on capital gains tax and the withdrawal of the tax on buybacks.…
Businesses warn against even more uncertainty
Business is worried enough about Britain crashing out of the European Union. Now it has a new nightmare: a blind Brexit that could extend the uncertainty over trade for years. Fears are rising that the United Kingdom may…
Tottenham Hotspur FC completes 637 million pound stadium refinancing
LONDON (Reuters) - Tottenham Hotspur Football Club has completed a 637 million pound ($798.67 million) stadium refinancing package that included a bond issue to U.S. investors and a term loan, the company said in a statement. The…
Private placement of NCDs up 47 per cent this fiscal
During this period, public sector companies are understood to have contributed to a bulk of the borrowing, bond market experts said.By Vinayak AggarwalIndian firms and banks have increased their borrowing from the non-convertible…