Business Today, Sep 20, 2019
Corporate tax cut: Kiran Mazumdar Shaw said that the move will revive growth and investment, while Uday Kotak called it a bold and progressive step forward. Finance Minister Nirmala Sitharaman on Friday announced that corporate tax rates will be cut for domestic firms and new domestic manufacturing companies. The FM announced that current corporate tax…
Read MoreMint, Sep 20, 2019
• According to analysts, the effective corporate tax rate reducing to 25.17% will improve profitability of full tax-paying companies • This will lead to change in return on equity and multiple re-rating Topics Market RatingSensexNifty Finance Minister Nirmala Sitharaman’s big bang announcements on cutting corporate tax rate to 22% and a 15% rate for new…
Read MoreFinapolis, Sep 20, 2019
It was a blockbuster day, the best in a decade, for the domestic equities as bulls took over the market. In what can be called a ‘Fantastic Friday’, Sensex and Nifty logged their biggest single day gains after finance minister Nirmala Sitharaman unleashed a surgical strike on negative sentiments in the economy by slashing corporate…
Read MoreREUTERS, Sep 20, 2019
(Reuters) – India’s government on Friday slashed corporate taxes in a surprise $20.5 billion break aimed at reviving private investment, seeking to lift growth from a six-year low that has sapped jobs and fuelled discontent in the countryside. Finance Minister Nirmala Sitharaman told a news conference that the effective corporate tax rate will be lowered…
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