Indian Automakers’ Challenges to Persist After Weak 1Q: Fitch Ratings

Mumbai/Singapore: Subdued demand conditions that led to weak performance by Indian automakers in the first quarter of the financial year ending 31 March 2020 (FY20) will likely persist, adding to the challenges from the implementation of stricter emission norms under BS6 from April 2020, says Fitch Ratings. Most auto OEMs reported lower volumes and profitability… Read More Indian Automakers’ Challenges to Persist After Weak 1Q: Fitch Ratings

Tata Motors showcases futuristic public transportation solutions in India

All‐new range of transport vehicles displayed at Prawaas 2019 Newsroom24x7 Network Mumbai: India’s leading bus brand, Tata Motors showcases seven new public transportation vehicles at Prawaas 2019. A biennial event, Prawaas 2019 displayed new technologies, innovations, products & services in the passenger transportation domain in Navi Mumbai from 25th to 27th of July, 2019. This… Read More Tata Motors showcases futuristic public transportation solutions in India

Government withdraws enhanced surcharge on tax payable on transfer of certain assets

Newsroom24x7 Network New Delhi: Government of India today announced the decision to withdraw enhanced surcharge on tax payable on transfer of Equity shares in a company; Unit of an equity oriented fund; and Unit of a Business Trust from the current FY 2019-20. The the tax payable on gains arising from the transfer of derivatives… Read More Government withdraws enhanced surcharge on tax payable on transfer of certain assets