Corporate tax cut: Uday Kotak, Kiran Mazumdar Shaw, Ajay Piramal, others welcome ‘bold move’

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…

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Markets may see multiple re-ratings on govt’s boosters: Experts

Mint, 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…

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Fantastic Friday: Sensex Surges Over 2,000 Points, Investors Wealth Grows By Over Rs 6.63 Lakh Crore

Finapolis, 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…

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Expert Views: India cuts corporate tax rate to 25% in bid to revive growth

REUTERS, 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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