infrastructure development

municipal bonds: Sebi favours tax breaks for municipal bond subscribers: Official

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municipal bonds: Sebi favours tax breaks for municipal bond subscribers: Official

The Securities and Exchange Board of India (Sebi) has approached the government to allow tax breaks for subscribers of municipal bonds that are crucial for funding infrastructure development at the grass-root levels, a senior official said on Tuesday. The capital markets watchdog will also root for a tax break for municipal bonds during its meeting … Read more

Hyundai: Expect rural sales contribution at record levels this fiscal: Hyundai

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Hyundai: Expect rural sales contribution at record levels this fiscal: Hyundai

NEW DELHI: Hyundai Motor India expects sales contribution from rural areas to remain at record levels in the current fiscal as well on account of various factors including anticipation of a favourable monsoon, according to a senior company executive. The country’s second-largest automaker, which sells models like Creta and Venue, reported 11 per cent growth … Read more