Markets cheer corporate tax cut
The S&P BSE Sensex jumped 2,284.55 points on Friday in intra-day trade, the highest gain in more than a decade.
The S&P BSE Sensex jumped 2,284.55 points on Friday in intra-day trade, the highest gain in more than a decade.
FM Nirmala Sitharaman will hold similar meetings with representatives from MSMEs, auto, industry associations, financial market stakeholders, and others to address sector-specific issues.
The government’s partial credit guarantee on asset purchases does not address investors’ long-term concerns about the sector’s exposure to stressed real estate: Fitch Ratings.
Corporate revenue growth seen around 5-6% in the first quarter of FY20 because of a broad-based slowdown in consumption.
Indices see biggest single-day fall in four years in first full trading day after the Union Budget was unveiled. The BSE Sensex closed 907 points lower, while NSE’s Nifty50 slipped 207 points.
BSE Sensex slips over 450 points on lack of consumption push.
The Union Budget 2019-20 has nothing to offer frequent flyers, but the aviation sector did receive some announcements, which if acted upon could bode well for the sector.
K. Subramanian’s maiden Survey sees growth for FY20 at 7%, green shoots in investment activity.
A detailed look at data reveals that Modi 1.0 had a far superior record on disinvestment compared to UPA 2.0.
The industry, which is facing headwinds such as rising fuel prices, muted consumer sentiment, and the transition to BS VI emission norms, expects the cut to provide some relief.