Day: November 27, 2021

Dow sinks 800 factors as new COVID variant followers lockdown fears

U.S. shares plunged on Friday, with world markets rattled by a brand new coronavirus variant found in South Africa, which fanned considerations that new growth-crushing lockdowns could possibly be imposed if the variant spreads extensively.

Buying and selling volumes have been low as a result of Thanksgiving vacation within the U.S., which can have exacerbated the volatility. 

Nevertheless, main benchmarks fell sharply throughout the holiday-shortened session, with the Dow (^DJI) diving by greater than 900 factors — logging its worst day of the 12 months and its third worst Thanksgiving selloff ever. In the meantime, S&P 500 (^GSPC) sank by

India-US deal: Google tax leeway for India until OECD tax pact takes impact

Tax consultants really feel that the India-US settlement, which additionally prevents Washington from taking retaliatory commerce motion in opposition to India citing the equalisation levy, will put to relaxation related commerce disputes between the 2 international locations. (Consultant picture)

A bilateral settlement between India and the US reached on Wednesday will enable New Delhi to proceed to levy the two{c34e2c9cd63a11c97fab811dbaaefe0cfbb1edd2527888e1a44d36f3491ee811} equalisation levy (so-called Google tax) on digital providers supplied in India by US-based MNEs with out residence right here for an interim interval past this monetary yr. The interval can be be co-terminus with when the OECD tax deal takes

EID Parry plans upwards of Rs 350 crore capex for two fiscals

So far as the short-term mortgage is worried it was Rs 355 crore in March 2021 and the corporate is are at the moment at Rs 102 crore, he stated.

EID Parry, a part of Murugappa Group and one of many largest sugar makers within the nation, stated it would have a capex upwards of Rs 350 crore for present fiscal in addition to subsequent yr, which can primarily be utilised for capability enlargement.

A Sridhar, CFO of EID Parry, instructed in a current incomes name that the general capex the corporate is for this and subsequent fiscal years could