On Friday, India announced an unexpected and deep cut in corporate tax rates, amounting to roughly $20 billion in reductions at the current size of the economy. The government slashed the corporate tax rate for Indian companies to 22 percent from 30 percent with effective tax rate lowered to 25.2 percent...
Singapore, Canada Sovereign & Pension Funds Favor India
Attracted by political stability, a growing middle class, and a reforms push making it more appealing for foreigners to invest, sovereign wealth funds are buying stakes in India businesses from airports to renewable energy. Wealth and state pension funds are investing in private markets, to complement an existing focus on...
Corporate Governance Standards Improve in India
According to a joint study by the International Finance Corporation, the Bombay Stock Exchange (BSE), and Institutional Investor Advisory Services India (IiAS), the Corporate Governance Scorecard for 2017 showed that companies are increasing transparency. Increased scrutiny by regulators such as India's central bank, the Reserve Bank of India, and the...
Mobius: Stock Indices in India May Double in 3-4 Years
Dr. Mark Mobius, executive chairman of Templeton Emerging Markets Group, an affiliate of San Mateo, CA-based Franklin Templeton Investments, expects India's Stock Exchange indices,the Nifty and the Sensex to double within the next three or four years. "This is due to the high growth rate of the country and a...