Post Budget, companies likely to change dividend tax policy

An analysis of S&P BSE 500 companies suggests that promoters of Indian private-sector companies in particular could end up paying at least 20 per cent more as additional tax on the same dividend income. Indian companies may well change the way they return capital to shareholders after alternations in dividend tax policy. An analysis of S&P BSE 500 companies suggests […]

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As Maruti signals diesel exit, Hyundai hopes to drive in

For long, Hyundai has been unable to crack the segment due to Maruti Suzuki’s strong product portfolio. According to the data from the industry, the Indo-Japanese car-maker’s product Swift Dzire has a 55 percent market share of the segment. With Maruti opting to quit the diesel segment, Hyundai feels the Aura will provide customers the option to shift from Dzire. […]

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What financial gifts can you give your kids?

Jimmy Patel, MD & CEO, Quantum Mutual Fund, suggests some valuable financial gifts for your children. A well thought out financial gift will enable parents to have a positive impact on their children’s future. Here are four financial gifts parents should consider: Make prudent investments in mutual funds At a time when inflation is eroding the purchasing power of our […]

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Will SC order help Vijay Mallya in extradition case?

A direction by Chief Justice of India S A Bobde, Justice B R Gavai, and Justice Surya Kant to the Karnataka high court asked the latter to expeditiously settle the matter of assets deposited before it by Mallya for liquidation, and thereby payment to creditors ‘preferably not later than three months’.  It will be interesting to see the view of […]

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Humble potato takes tech route to health food status

The technology for producing healthy potato seeding material through aeroponic system, which has already been passed on by the CPRI to about 18 entrepreneurs, would expedite multiplication of seeds of potato, including those of the specialty potatoes, to promote their cultivation, says Surinder Sud. Potato scientists are reworking the nutritional profile of this third largest consumed food, next to rice […]

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Coming soon! The end of public sector banks

‘We may bite the bullet and draw up plans for privatisation.’‘If that is done now, the sale of the government stake will fetch money; a delay will see erosion in whatever value is left in these banks,’ says Tamal Bandyopadhyay. Sometime in March 2018, Nandan Nilekani, co-founder and chairman of Infosys Ltd and founding chairman of the Unique Identification Authority […]

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Asean bloc invites India for RCEP dialogue in Bali next month

The Asean secretariat hopes the meet may be able to iron out existing wrinkles raised by India. Since there had been no significant progress on the matter over the past two years on most issues, New Delhi is yet to decide on the invite. India has been extended an invitation to join talks on the proposed Regional Comprehensive Economic Partnership […]

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Direct tax collections from Mumbai dip 13%

It had declined by slightly over 4 per cent in December. The city contributes 37 per cent to the total direct tax revenues. If the trend continues, it could affect the Budget estimates of Rs 13 trillion for the current fiscal year. Direct tax collections from India’s commercial capital, Mumbai, slipped again after witnessing a decline in December, prompting tax […]

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Do not park too much money in co-operative banks

Do not go for riskier options like co-operative bank only for the higher return. Even if you go for them, park only a small portion of your capital there, say Tinesh Bhasin and Sanjay Kumar Singh. Depositors would be feeling extremely harassed with the Reserve Bank of India’s (RBI’s) decision to restrict withdrawal from Punjab & Maharashtra Co-operative Bank or PMC Bank. […]

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Iran police shoot at those protesting plane shootdown

Iranian security forces fired both live ammunition and tear gas to disperse demonstrators protesting against the Islamic Republic's initial denial that it shot down a Ukrainian jetliner, online videos purported to show Monday. Videos sent to the New York-based Center for Human Rights in Iran and later verified by The Associated Press show a crowd of demonstrators near Azadi, or […]

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