It was expected to be a friendly Bill for the IT outsourcing industry
The companies experienced a drop of 5,436 approved petitions (37 per cent) in 2016 as compared to previous year, a report by the National Foundation for American Policy, a Washington-based non-profit think-tank, said.
That resulted in a 50-basis point improvement in operating profit margins on a sequential basis.
The Nifty and Bank Nifty ended at record closing high of 7,913 and 15,865 respectively.
Sensex climbs higher on favourable global cues.
Sentiment has improved but no progress on GST & ending 'tax terrorism' disappoints.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers's queries on stocks they own or want to buy.
A large chunk of the Rs 8.8 lakh crore of investments the Patnaik government had attracted is in uncertain territory.
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