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Mutal funds Wrap: Corporate tax cuts to benefit struggling sectors

The government seems to have provided a major fillip to the economy and market sentiment, along with the 110 bps rate cut by RBI. from Moneycontrol Business News https://ift.tt/2lRblHL

With two days to deadline, here#39;s how to link your PAN and Aadhaar

To link these two identity cards (PAN and Aadhaar), all you need to do is head to the Income Tax department#39;s e-filing website. from Moneycontrol Business News https://ift.tt/2lR1RfD

Central PSUs to spend more than Rs 1 lakh crore in FY20: FM Sitharaman

Sitharaman also said that the Public Sector Undertakings will to review post arbitration claims without compromising the companies’ interests. It was also decided that Central Public Sector Enterprises (CPSEs) must setup a portal for suppliers and contractors to track payments. from Moneycontrol Business News https://ift.tt/2mA39vH

Reliance Cap concludes 21.54% stake sale in RNAM for Rs 3,030-cr

The entire RNAM stake monetisation proceeds of Rs 6,200 crore will be utilised to reduce Reliance Capital#39;s outstanding debt obligations. from Moneycontrol Business News https://ift.tt/2mxYOJx

PSUs to spend more than Rs 1 lakh crore in FY20: FM Sitharaman

Sitharaman also said that the Public Sector Undertakings will to review post arbitration claims without compromising the companies’ interests. It was also decided that Central Public Sector Enterprises (CPSEs) must setup a portal for suppliers and contractors to track payments. from Moneycontrol Business News https://ift.tt/2lM9SCm

Moneycontrol Pro’s picks of the week

During the week, we at Moneycontrol Pro analysed what the tax cuts mean for you, pondered whether the auto sector is about to leave the slow lane and checked whether a buy and hold strategy would have worked in the last decade, apart from offering our usual stock ideas. from Moneycontrol Business News https://www.moneycontrol.com/news/business/moneycontrol-pro’s-picksthe-week_13027601.html

RBI initiates prompt corrective action against Lakshmi Vilas Bank

The bank’s stock price dropped 4.94 percent to Rs 36.55 on September 27 — its lowest trading permissible limit for the day — on the BSE after an FIR was registered against directors of the company over allegations of various offences including cheating. from Moneycontrol Business News https://ift.tt/2lS1GRh