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“Corporate tax rates were lowered three years ago or so and we have seen a sharp increase in the level of corporate tax collection but individual tax rates actually have gone up over that period of time. So some rationalisation of rates would help.”

The Dow Jones Industrial Average fell 34.30 points, or 0.10 per cent, at the open to 34,691.17.

NVVN has purchased these shares from NSE Investment Ltd, a co-promoter shareholder of PXIL, an official statement said.

Consolidated revenue of the company stood at Rs 1687 crore.

First among them was bringing about a change in production patterns by encouraging farmers to shift from cultivation of rice and wheat to pulses and oilseeds in order to ensure India’s self-reliance

The appearance of a narrow trading range for Nifty50 indicates indecisiveness ahead of the key event.

Shares of Info Edge rallied over 11 per cent, recovering some of the losses sustained in sell-off in the last one month

The markets are likely to have a much wider than usual trading range as it stands to face the Union Budget

Interest income rose by 4 per cent to Rs 1,405 crore, but income from other sources fell by 26 per cent to Rs 196 crore.

“The top end of the population are in any case well protected while the lower end is being taken care of with free food and all. It is the mid-end entrepreneurs and mid-end consumers who both need to be given support from the Budget.”