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The SP 500 banking index soared 7.3 percent and was set for its best day in more than a week, with Bank of America, Citigroup, Wells Fargo and JP Morgan advancing between 5 percent and 8 percent, tracking Treasury yields.
As many as 4.83 lakh direct tax cases involving Rs 9.32 lakh crore in disputed taxes are locked in various appellate forums. The amount is equivalent to 82 percent of the government#39;s direct tax revenue in FY19.
Watch the video to understand the extent of the impact on Indian companies and what price they will have to pay.
ICMR, the apex medical body that#39;s crafting the government policy and coordinating efforts, said it has ordered five lakh antibody test kits, of which 2.5 lakh will be delivered in the coming week
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