REUTERS - ICICI Bank said on Thursday it will cut its base rate by 0.25 percent to 9.75 percent from 10 percent. The bank also said it will cut interest rates for retail fixed deposits by 0.25 percent.
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India has waived retrospective imposition of a minimum alternative tax (MAT) affecting foreign funds, the Finance Minister said on Tuesday, a move that could resolve a dispute that had shaken investor confidence. Full Article