Posts in category Economic Times
Foram Parekh on what to bet on in pharma pack (12-04-2024)
Foram Parekh shares insights on CDMO companies' positive outlook post-Covid correction, potential impact of Biosecure Law, concerns about Laurus's earnings improvement, Sun Pharma's specialty sales focus, and recommendations for pharma sector growth with Lupin and Dr Reddy's.
Pound hits five-month low as dollar rallies on lower Fed bets (12-04-2024)
Sterling fell to a five-month low on Friday even as data showed the British economy was on course to exit its shallow recession, with all major currencies coming under pressure from a dominant dollar.
GQG, SBI Mutual Fund eye investments in Vodafone Idea’s Rs 18,000 crore FPO: Report (12-04-2024)
U.S.-based GQG, run by India-born executive Rajiv Jain, plans to invest about $500 million, while SBI Mutual Fund is considering an investment of $200-300 million in the follow-on public offering, said both people, who declined to be named as the plans are confidential.
Can taxation treaty amendment lead to sizable reduction in flows from Mauritius? Deloitte’s Rajesh Gandhi explains (12-04-2024)
Rajesh Gandhi from Deloitte India explains the implications of including Mauritius in the PPT requirement, affecting investments pre-2017. Uncertainty looms over treaty benefits and potential challenges for entities choosing Mauritius for non-tax reasons.
HDFC Bank shares in focus as Japan’s MUFG set to buy 20% stake in HDB Financial (12-04-2024)
HDFC Bank's stock reacts to MUFG's 20% stake purchase in HDB Financial Services at $9-10 billion valuation pre-IPO.
Page Industries shares drop 3.03% as Sensex falls (12-04-2024)
On the technical charts, the RSI of the stock stood at 57.14.
Sensex falls 700 points. Mauritius link and 5 other factors behind the selloff (12-04-2024)
Sensex and Nifty plummeted as FPIs sold off, influenced by US inflation and tweak in India-Mauritius tax treaty. Investors are also cautious on valuations, profit booking, and rising commodities prices. EPS growth is likely to moderate in Q4 earnings season which begins today with TCS.
Should investors worry about India-Mauritius tax treaty amendments? Punit Shah answers (12-04-2024)
There is another provision like principal purpose test or MLI which further requires that the FPIs or any other investors which are based in Mauritius need to have a commercial rationale or a justification to be organised or to be based in Mauritius.
Varun Beverages shares down 1.72% as Nifty falls (12-04-2024)
The stock quoted a 52-week high price of Rs 1560.3 and low of Rs 687.5.