Search For "corporate tax"
Weak H1 corporate earnings reflect overall economic slowdown: Care Ratings
Updated : 6 years, 4 months ago IST
Mumbai (Maharashtra) [India], Nov 19 (ANI): Care Ratings said on Tuesday that the first half of current fiscal (H1 FY20) shows that corporate earnings have been weak indicative of an overall slowdown in various industries and the economy.
Read More
RITES Q2 net profit jumps 115 per cent to Rs 233 crore on corporate rate c
Updated : 6 years, 4 months ago IST
Gurugram (Haryana) [India], Nov 13 (ANI): Government-owned RITES Ltd said on Wednesday that recent cut in corporate tax rates helped boost its standalone operational profit after tax of Rs 233 crore in the second fiscal quarter, up 115 per cent from Rs 108 crore in the corresponding period o
Read More
Yes Bank reports Q2 loss at Rs 600 crore on tax hit while asset quality wo
Updated : 6 years, 4 months ago IST
Mumbai (Maharashtra) [India], Nov 1 (ANI): Private sector lender Yes Bank on Friday reported a whopping loss of Rs 600 crore in the second quarter of current fiscal year (Q2 FY20) due to a one-off deferred tax asset (DTA) adjustment of Rs 709 crore on account of change in corporate tax ra
Read More
World Bank president praises India's decision to slash corporate taxes
Updated : 6 years, 5 months ago IST
New Delhi [India], Oct 26 (ANI): World Bank President David Malpass on Saturday appreciated the government's decision to slash corporate tax and said the move will help in the further growth of the economy.
Read More
PM Modi meets USISPF members, highlights steps taken to improve ease of do
Updated : 6 years, 5 months ago IST
New Delhi [India], Oct 21 (ANI): Prime Minister Narendra Modi on Monday highlighted the steps taken by his government to improve the ease of doing business in the country including the reduction of corporate tax and labour reforms during his meeting with members of US India Strategic Part
Read More
Winter session of Parliament to begin on Nov 18
Updated : 6 years, 5 months ago IST
New Delhi [India], Oct 21 (ANI): The winter session of Parliament will commence from November 18 with the government expected to take forward its legislative agenda that includes replacing two ordinances on -- corporate tax rate cuts and e-cigarettes and e-hookahs -- with bills.
Read More
L&T Finance Holdings Q2 profit falls 69 pc to Rs 174 crore
Updated : 6 years, 5 months ago IST
Mumbai (Maharashtra) [India], Oct 19 (ANI): L&T Finance Holdings (LTFH), a diversified non-banking financial company, has posted nearly 68.92 per cent drop in its net profit at Rs 174 crore for the July to September quarter compared to Rs 559 crore in the same quarter of last year. Read More
India's weaker growth outlook dampens prospects for fiscal consolidation:
Updated : 6 years, 5 months ago IST
Mumbai (Maharashtra) [India], Oct 10 (ANI): India is experiencing a pronounced slowdown in economic growth which Moody's Investors Service has assessed to be partly related to long-lasting factors.
Read More
Reduction in repo rate to benefit people, industry: Javadekar
Updated : 6 years, 5 months ago IST
Lucknow (Uttar Pradesh) [India], Oct 5 (ANI): Hailing the Reserve Bank of India's (RBI's) decision to cut repo rate, Union Minister for Information and Broadcasting Prakash Javadekar said on Saturday that the government has asked banks to transmit accruing benefits to loan borrowers.
Read More
RBI's dovish stance point to further rate reductions but lower GDP forecas
Updated : 6 years, 5 months ago IST
New Delhi [India], Oct 4 (ANI): Reduction of interest rate by 0.25 per cent by the Reserve Bank of India (RBI) and the accompanying dovish statement keeps the door open for future reductions to revive economic growth amid volatile global trade, experts said on Friday.
Read More
Corporate tax cut a positive for power sector: ICRA
Updated : 6 years, 5 months ago IST
New Delhi [India], Sep 30 (ANI): The recent announcement by the government to lower the corporate tax rate is a positive development for the power sector as it will allow power generators with cost-plus power purchase agreements (PPAs) to pass on lower tax benefit to power distribution utili
Read More
Benefit of corporate tax rate cut for India Inc to boost incremental inves
Updated : 6 years, 6 months ago IST
New Delhi [India], Sep 28 (ANI): ICRA Ratings has said that the recent corporate tax rate cut announcement by the central government with the intention of pump-priming economic growth, attract more investments and ultimately spur consumption augurs well for the industry.
Read More