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Climate change could rain on Saudi Aramco's IPO parade

Tuesday, August 20, 2019, 7:20 PM

Saudi Aramco's biggest asset could also be a liability. The state-energy giant's vast oil reserves it can sustain current production levels for the next 50-years make it more exposed than any other company to a rising tide of environmental activism and shift away from fossil fuels. Aramco told Reuters it was ready for a listing and the timing would be decided by the government.
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Govt panel recommends corporate tax cut to 25% for all companies: Source

Tuesday, August 20, 2019, 7:18 PM

A government panel has recommended cutting the corporate tax rate to 25% from 30% for all companies and scrapping surcharges on tax payments, an official said on Tuesday, part of a major overhaul of the six-decades old tax act. The panel headed by Akhilesh Ranjan, a member of the central board of direct taxes, delivered its report to Sitharaman on Monday.
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Yatras of CM, Sena show Maharashtra govt's 'failure': Ajit Pawar

Tuesday, August 20, 2019, 7:17 PM

NCP leader Ajit Pawar on Tuesday attacked the ruling allies BJP and Shiv Sena over their respective pre-poll yatras, saying they undertook the mass outreach initiatives as their government "failed" to perform. Chief Minister Devendra Fadnavis began his mass outreach campaign, 'Mahajanadesh Yatra', on August 1 while Shiv Sena's Aaditya Thackeray launched his 'Jan Ashirwad Yatra' on July 18.

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