Stock markets on a high: Sensex surges over 1,300 points

Indian stocks markets extended the Friday’s rally today by moving sharply higher in early trade. The Sensex as much as 1,331 points to 39,346 at day’s high, adding to Friday’s mammoth 1,921-point rally. The Nifty also rose to 11,666 at day’s high today. Continue Reading

US corporate sector hails India’s move to slash income tax rate for firms

The US’ corporate sector has lauded the Indian government for substantially slashing the income tax rate to 25.17 per cent, saying the move will reverse the economic slowdown and allow global companies a “good option” for growing their manufacturing base in the country.
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