Blog

Central Bank will get Sh27bn from third 3-year bond supply

The Central Bank of Kenya (CBK) has mopped a further Sh27.2 billion from the third auction of…

Steel tycoon Raval will get State backing in cement tax battle

A proposal by the Treasury to impose a 10 percent levy on imported clinker has awakened a…

Medanta’s internet rises 5-fold to Rs 101 crore in March quarter

The Ebitda margins expanded 890 YoY basis points to 26.2%. Occupied bed days increased by 25.6% YoY, representing an occupancy of 58% on increased bed capacity.

Angel Tax on multinational firms might bedevil FDI

Angel Tax on multinational firms might bedevil FDI

The government provided a blanket exemption from angel tax to various structures such as pension and sovereign wealth funds, among others investing in India from 21 countries, but corporate entities were left out, making them potentially liable to the levy.

read more
Traders gear up for riskier belongings

Traders gear up for riskier belongings

The US dollar, which has benefited from angst around the statutory borrowing limit, will be in focus as another week of trading begins at 5 a.m. Monday in Sydney. Liquidity is set to be thin with US and UK markets closed Monday for national holidays, although futures contracts referencing US Treasuries and the S&P 500 Index will trade.

read more