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US and China to Resolve Trade Woes et al.

Professor of Financial Economics and Part-time Value Investor, Transfin.
Aug 18, 2018 12:41 PM 1 min read
Editorial

End of Day Wrap-up (Saturday / Aug 18, 2018) #Infosys #insurance #IT #tax #Chinese #China #US #tradewar #Trump #DonaldTrump #XiJinping #Transfin

Editor's Comment: M D Ranganth, CFO of Infosys steps down after a 3-year stint in the role. To continue in current position till November 16th. Search kicked-off for replacement. 

 

India's insurance regulator directs underwriters to comply with provisions of Mental Healthcare Act, 2017. Provisions to be included for treating insurance of mental illness on the same basis as physical illness.

 

IT department estimates tax recovery of INR10,000cr from companies struck off ROC records last year. Tax department in process of filing a petition before the NCLT for restoration of registration of 50,000 such companies from the 300,000 entities struck off.

 

Foreign institutional investment hits back net positive in July with investors seeing India as a relatively better bet vs. other emerging markets i.e. China, Indonesia etc.

 

Chinese and US negotiators plan talks to end trade standoff ahead of meetings between Trump and Xi Jinping in November. China pushing to stabilize bilateral relationship.

 

President Trump asks regulators to assess need for quarterly reporting by US listed companies. Change to a six months reporting cycle supported by business executives who say it promotes longer-term planning. Some investors worry a change to a longer cycle could reduce market transparency.