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Majesco rises 8% on strong June quarter numbers

The company’s Q1FY19 consolidated net profit rose 47.5 percent at Rs 14.9 crore against Rs 10.1 crore Q4FY18. Moneycontrol News@moneycontrolcom Shares of Majesco rose 8 percent intraday Thursday as comapny reported strong numbers for the quarter ended June 2018....

SC gives govt benefit of doubt in tax exemption cases

The tax department processes millions of requests every year, making it difficult for officers to parse through the paperwork and investigate whether the said goods conform to the category under which exemption is claimed. Moneycontrol News@moneycontrolcom A...

MUTUALFUND UPDATES

Sebi to soon frame guidelines to allow MFs in commodity derivatives The markets regulator said it will also frame warehousing norms for non-agriculture commodities and will consider allowing ‘indices’ once its robustness is established by the bourses. To...