PERSONAL FINANCE

stock markets festive

Will the festive season bring some cheer to stock markets?

Stock markets have been largely range bound over the last month, though the broader markets have continued with its subdued performance largely due to consistent selling by FPIs. The government has taken several measures to boost the economy, such as corporate tax rate cuts & roll back of tax surcharge, but it has failed to …

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bank mergers

What customers have to do with bank mergers?

Last month, the Finance Minister announced a spate of bank mergers. This consolidation will bring down the total number of public sector banks (PSBs) in the country to 12 from 27 in 2017. The question on everyone’s mind is how this will affect customers & what action customers need to take for a smooth transition. …

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corporate tax

Corporate tax rate cut: An early Diwali

The Finance Minister on 20th September 2019 announced a sharp reduction in corporate tax rates. Manufacturing companies not availing of tax sops can now opt for a 22% corporate tax rate, while new manufacturing companies that register and start production between 1st October 2019 and March 2023 can avail an even lower tax rate of …

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slowdown

Economic slowdown calls for a stimulus

Stock markets have been largely range bound over the last month, though the broader markets have continued with its subdued performance largely due to consistent selling by FPIs. Ever since the budget was presented on 5th July, major indexes have corrected ~10%, while the sell-off has been sharper in the broader markets. FII have been …

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mold-tek

Mold-Tek Packaging- Covering foods to fmcg

Established in 1986, Mold-Tek Packaging Limited (MTPL) is the leader in rigid plastic packaging in India. It is involved in the manufacturing of injection molded containers for lubricants, paints, food and other products. MTPL has seven processing plants and three stock points spread across India to ensure faster supplies. It has a huge injection molding …

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Indian stock market

One flag, one nation, one constitution

There has been a major sell-off in the Indian markets over the last month largely due to consistent selling by FPIs due to higher tax implication post budget. Thereafter the major topic of discussion has been how the government revoked article 370, which grants special status to Jammu & Kashmir on 5th August 2019. Ever …

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RITES Ltd

RITES Ltd – On the superfast track

RITES Ltd, incorporated in 1974, is a Miniratna (category–I) schedule ‘A’ public sector enterprise. It is a leading player in the transport consultancy and engineering sector in India with diversified services and geographical reach under one roof. RITES has an experience of over 44 years and have undertaken projects in over 55 countries including Asia, …

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promoter holding

Reduction in promoter holding- much ado about nothing

Finance Minister Nirmala Sitharaman, in the latest Union Budget, proposed to reduce the promoter holding of listed shares from the current 75% to 65%. SEBI is likely to examine the same. However, it is only a proposal for now. Even if implemented it is likely to be over a few years’ time & unlikely to …

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budget 2019

Budget 2019 wish list: Spur growth

This being the first union budget under the new government & given the fiscal situation in India we are unlikely to see any major tax cuts or sops being given. The budget must clearly focus on giving the flagging economy a stimulus and increasing government spending. The new government must focus on reducing tax disputes, …

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Stock market update

Stock market update: Second Term Calling…

The NDA led by the BJP came back to power for the second term on 23rd May 2019, this time with a bigger mandate as the BJP on its own won in excess of 300 seats. NIFTY touched an all-time high of 12,103 while SENSEX touched a high of 40,312. Both the NIFTY & SEXSEX …

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