It makes little sense for enforcement agencies to detect cases of evasion, for the lengthy process of adjudication and appeal to get over, demand getting confirmed and then have little action taken by the department to realise the arrears, observes Najib Shah, former Chairman, Central Board of Indirect Taxes & Customs.
The India-UK FTA negotiations were launched on January 13, 2022.
Here is a rundown of the companies that have made important announcements after markets closed on Friday. Top stocks to watch on Monday, Feb 24, include Zomato, BPCL, Jio Financial, Britannia, Vedanta, Bajaj Housing, among others.
Anurag Singh, Managing Partner at Ansid Capital maintains a positive outlook on India, emphasising that global investment allocation follows a set pattern. Out of every $100, around $10 goes to emerging markets, with India receiving about 20% of that ($20 billion annually). This figure fluctuates, ranging from $10 billion to $25 billion depending on market conditions, but the long-term allocation remains consistent.
The consumption rally post the income tax announcements in the Union Budget earlier this month has already fizzled out. The RBI rate cut, liquidity injections by the central bank, all appear to be priced in, but the concerns don’t seem so.
A stock split increases the number of shares while keeping the company’s market capitalisation unchanged. The company decides the split ratio.
The order came after SEBI had undertaken inspection of Axis Securities for the period from April 2021 to November 2022.
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