Genpact Looking At US listing

Genpact BPOIndia’s largest BPO firm, Genpact, is speculating a US listing through an IPO to raise ov

Raised Interest Rates Benefited NRIs

Reserve Bank of IndiaAiming to control the inflation, the Reserve Bank of India has raised the interest rates on March 30. This unexpected increase in interest rates caused a drop of over 600 points in the Indian stock market on April 2 though the market recovered.
Long-term investor, such as NRIs have fully exhibited this response as they pumped nearly Rs.1 billion in months of February and March, whereas, earlier, they were sellers mainly due to high rupee-dollar rate and valuation concerns. The mutual funds have also eased off and become attractive for the investor.

Strengthened Rupee has mixed response from Industry

Indian CurrencyIndian industry looked confused over the issue whether the RBI should intervene in order to protect exporters from the gaining rupee or not.
As per CII, the domestic industry would have to accept a strengthening rupee in the short term, whereas, FICCI, Assocham and FIEO fancies RBI to check the sharp climb in the currency.

Transfer Pricing Provisions Ruled Out, If Tax Liability Absent

Authority for Advance Rulings has decided that the income-tax department cannot apply transfer pricing provisions, if a foreign company does not have a liability to pay tax. This ruling would give relief to the Netherlands-based Vanenburg Group BV which had shifted the entire shareholding of its Indian subsidiary Cordys R&D (India) Pvt Ltd to its Cordys Holdings BV (Netherlands).
Vanenburg Group had asked a judgment from the AAR on whether the relocation would draw capital gains tax and the transfer pricing provisions under Sections 92-92F of the Income-Tax Act, 1961.

Investors Prefer Online Trading

As per reports, approximately one-fifth of the retail turnover is being transacted online which is low as compared to markets like South Korea and Japan having 85% and 80% of the total retail turnover is transacted over the Internet. Hong Kong and Singapore market’s net-based transactions account for only 15% of the retail turnover.

Internet trading in India has grown 100% every year during the last 5 years. Almost 45% of the total retail trading is expected through the online network.

The Internet seems like the biggest leveler, enabler and differentiator as the broking industry will split into two parts where one would like to call itself wealth management providers while others will concentrate on the high volume business by providing lower charges.

Sunita Tests LOCAD-PTS

With the purposeSunita Williams of extending future exploratory journeys into space, the first major test on the

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News in Focus

Indian Real Estate Sector Witnessed Slow Year 2019 but Hopes are High for 2020: ANAROCK Report

Indian Real Estate market witnessed consolidation in many regions but overall, 2019 was a mixed year for Indian real estate sector. Many developers were careful about launching new projects.

Pune allocates INR 500 Crore Project to Tech Mahindra under Smart Cities Scheme

Tech Mahindra has received INR 500 crore project under smart cities project from Pune’s Pimpri Chinchwad Municipal Corporation (PCMC).

Retail Leasing Activity Drops 35 Percent in Major Indian Cities: ANAROCK Report

Commercial Real Estate sector depends heavily on trends in the retail market and with consumption declining in India, retail space leasing activity in seven major Indian cities has dropped by 35 pe

Major Real Estate Markets in Metro Cities across India: Report by ANAROCK

Indian real estate sector has consolidated over the last few years and developers have started following rules set under RERA in different states.

Dombivli, Panvel, Gurgaon, Badlapur, Mahalunge Active Real Estate Markets: 2019 report by ANAROCK Property Consultants

Dombivli, Panvel, Gurgaon, Badlapur, Mahalunge are among the most Active Real Estate Markets in India in terms of number of new units launched by developers.

Ujjivan Small Finance Bank IPO Outlook by Santosh Meena TradingBells

Ujjivan Small Finance Bank is coming up with initial public offer and market analysts are positive about the listing of this private sector bank.

Why is Forex trading so popular in India?

Powered by the FinTech revolution, Forex trading is a global phenomenon that has been picking up speed in India too.