Govt Expects Windfall From RBI

While the fiscal year has just begun, any windfall surplus will be welcomed by the government as it bids to meet the fiscal deficit target of 5.9 per cent of GDP, amidst lack of clarity on exactly to what extent will recession in the West impact India’s trade and tax collections. The Centre expects a windfall surplus transferable from the […]

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Half Of All Projects In California’s Film Incentives Program Have Requested “Force Majeure” Extensions Due To WGA Strike

EXCLUSIVE: Half of the 46 projects currently in the California film incentives program have submitted “force majeure” requests seeking waivers to extend their mandated start-date requirements due to the ongoing Writers Guild strike, according to the California Film Commission, which administers the tax credits program. The number of approved film and TV projects seeking force majeure delays is expected to […]

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Wall Street Set To Open Positive

Federal Reserve Chair Jerome Powell’s remarks are likely to be in focus on Friday. The Hiroshima summit of G7 countries has agreed to “starve” the Russian war machine and demanded the withdrawal of troops and military equipment from the territory of Ukraine. Investors are mulling the U.S. Treasury Secretary Janet Yellen’s comment that a failure to raise the debt ceiling […]

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Margin expansion ahead for Colgate; brokerages await demand revival signs

The stock of Colgate-Palmolive (India) surged after the company delivered a better than expected operating performance for the March quarter of the 2022-23 financial year (Q4FY23) recently. The stock, however, has given up most of these gains over the last one week as the Street awaits recovery in the core toothpaste segment and sustained recovery in market share. The country’s […]

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