Tax Tangle
Infosys to challenge new tax demand
Infosys Ltd, India's No. 2 software services exporter, said on Monday it would challenge a 5.77 billion rupees income tax demand raised by Indian authorities earlier this month. Full Article
REUTERS SHOWCASE
Buy, Sell or Hold?
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
Reuters India Mobile
Get the latest news on the go. Visit Reuters India on your mobile device. Full Coverage
Idea to outperform market in next 15 days: Morgan
Track Markets: BSE Sectoral Indices
Track and analyse performance of all BSE sectoral indices and other global indices on a single page. Full Coverage
A man speaks on a mobile phone in front of a billboard in Chandigarh August 24, 2007.
Credit: Reuters/Ajay Verma/Files
Reuters Market Eye - Idea Cellular's share price will rise relative to the Sensex and the Nifty over the next 15 days on the back of "positive" October-December earnings, Morgan Stanley said in a note on Friday.
Idea will post results on Tuesday, and Morgan Stanley expects a 4 percent sequential traffic growth and 1 percent rise in average revenue per minute quarter-on-quarter (QoQ).
That should translate into a 7.5 percent QoQ growth in EBITDA and 21 percent growth in profit after taxes, Morgan Stanley estimates.
Idea shares are up 1.4 percent at 115 rupees at 12:45 p.m.
(Reporting by Manoj Dharra)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters