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India's direct taxes may fall for the first time in two decades

The govt had set a target of Rs 13.5 trillion as direct tax collection for the current year.
The Economic Times

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INDIAN MACRO CHALLENGE

Brokerages find TCS valuations expensive post Q3 results; stock falls 2%

Kotak Institutional Equities maintained ‘Reduce’ rating on TCS with a fair value of Rs 2020. However, it said that TCS is a must have in the portfolio at the right valuation. Edelweiss Securities maintained ‘Hold’ rating on the stock with a target price of Rs 2,175. “The stock’s expensive valuation (22.9x FY21E EPS) compels us to retain ‘Hold’,” the brokerage house said.

‘India Inc’s H1 capex resilient despite macro uncertainties’

This amount is a 5.5 per cent increase over FY19 net fixed assets (NFA).

EMs to outperform US markets in 3-5 years: Chris Conkey, Manulife Investment Management

Looking at global scenario as one in which it is impr...

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