Cigarette-maker Godfrey Phillips, other KK Modi businesses up for sale, says Lalit Modi
By  Administrator_India, Capital Sands All assets owned by late industrialist KK Modi, including cigarette-maker Godfrey Phillips, are up for sale, his son Lalit Modi confirmed on January 27. Godfrey Phillips India, which manufactures Marlboro cigarettes in India, currently has two major stakeholders – Phillip Morris (which owns 25.1 percent) and the KK Modi Group . Krishan
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EU tells UK it will ‘never, never, never’ compromise on single market
By Administrator_India Capital Sands The European Union will “never, never, never” compromise on the integrity of its single market, its chief Brexit negotiator warned Britain on Monday, saying London must now face reality after underestimating the costs of leaving. Some British politicians have suggested Brussels might be flexible on its rules in order to protect
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German business morale falls unexpectedly in January: Ifo
By  Administrator_India, Capital Sands German business morale deteriorated unexpectedly in January as the outlook darkened, a survey showed on Monday, suggesting that Europe’s largest economy got off to a slow start in 2020 after narrowly avoiding a recession last year. The Ifo institute said its business climate index fell to 95.9 from 96.3 in December.
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Oil prices skid 2%, extending slide as China virus spreads
By Administrator_India Capital Sands Oil prices slumped a further 2% to multi-month lows on Monday as the rising number of cases of the new China virus and city lockdowns deepened concerns about demand for crude, even as Saudi Arabia’s energy minister sought to calm the market. Brent crude fell by $1.12 a barrel, or 1.9%,
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Exclusive: India faces first fall in direct taxes in at least two decades – sources
By Administrator_India, Capital Sands India’s corporate and income tax collection for the current year is likely to fall for the first time in at least two decades, over half a dozen senior tax officials told Reuters, amid a sharp fall in economic growth and cut in corporate tax rates. Prime Minister Narendra Modi’s government was
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