- This year it will be our attempt to bring stability in GST structure, as the FM mentioned in her Budget speech“
- Personal income tax is a work in progress and we would need some time and the industry’s inputs on it.
- Govt has extended date of setting up manufacturing units based on industry demand due to covid impact. There is a big push on capex and we hope it will have impact on demand and supply.
- No one expected revenue buoyancy, but the fiscal deficit will be same as the extra spending is picked up by extra revenue.
- In the current year, good revenue from capital gains tax expected. Estimated at Rs 60,000 crore-Rs80,000 crore.
INR-USD Likely to Regain Ground to Test 75-75.30 Levels in Near-Term
INR-USD Forecast: The local equities are trading on a negative foot over the last few days, following a weakness over wall street and other Asian markets. The pressure mounts over stocks as FIIs are heavily withdrawing their investment flows.
Redington Rises The Most In Nearly Two Weeks As Analysts Retain ‘Buy’ After Q3 Beat
Shares of Redington India Ltd. rose over 6%, the most in nearly two weeks, after analysts retained ‘buy’ after the company reported net income above average analyst estimate, for quarter-ended December.
Nifty Open Higher; Banking, I.T. Stocks Rise [09-02-2022]
Nifty Open Higher: India’s stock benchmarks opened higher, aided by gains in banking, information technology and consumer durables stocks, amid rise in equities across the world.
Bank Nifty Jumps 0.8%
Nifty sectoral indices were trading with gains. Bank Nifty was up nearly 1%. Nifty Auto, Nifty IT, Nifty Media, Nifty Realty indices gained up to 1.5 per cent
EbixCash Plans To File IPO For As Much As $500 Million This Year,
EbixCash plans to file for a $400 million-$500 million India IPO before the end of the year, IFR reported, citing people with knowledge of the transaction it did not identify.
Rupee Bond Traders To Await Rs 26,000 Crore T-Bill Sale
Indian bond traders will look forward to a Rs 26,000 crore ($3.5 billion) Treasury-bill sale on Wednesday. Trading volumes may be muted ahead of the central bank’s monetary policy review on Thursday.