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Tata Motors ADRs Climb 10% on NYSE After India Cuts Corporate Tax Rate
Morningstar ^
| Sept 20, 2019
| Stephen Nakrosis
Posted on 09/21/2019 5:51:27 AM PDT by Republic_Venom
The American depository receipts of Tata Motors Ltd. (TTM) have gained over 10% on the New York Stock Exchange on Friday, after the government of India cut its corporate tax rate and set other measures to boost growth.
At 12:25 p.m. ET, Tata Motors ADRs had gained 10.24% to trade at $9.69. Volume was heavy, with over 2.2 million ADRs trading, above the 65-day average volume of some 1.6 million.
Local companies in India will now pay a 22% corporate tax, a reduction of 8 percentage points, and new companies who begin manufacturing operations in the next four years will have a tax rate of 15%.
TOPICS: Business/Economy; Foreign Affairs; Government; News/Current Events
KEYWORDS: india; tax
To: Republic_Venom
To: Republic_Venom
The American Democrat party gave the India govt. this idea to cut taxes./s
3
posted on
09/21/2019 6:19:54 AM PDT
by
HChampagne
(Cruz supporter but I will support and vote for Trump.)
To: Republic_Venom
For comparison, the nominal US Corporate tax rate is 21%.
4
posted on
09/21/2019 6:22:03 AM PDT
by
CptnObvious
(Question her now.)
To: Republic_Venom
Tata Motors?
They must have interesting hood ornaments... 😁
5
posted on
09/21/2019 6:40:05 AM PDT
by
DJ Frisat
( (optional, printed after my name on post))
To: DJ Frisat
6
posted on
09/21/2019 6:43:46 AM PDT
by
knarf
(I say things that are true, I have no proof, but they're true..)
To: DJ Frisat
No worse than Toyoya’s TRD...
7
posted on
09/21/2019 6:44:18 AM PDT
by
mewzilla
(Break out the mustard sees)
To: DJ Frisat
"They must have interesting hood ornaments..."
8
posted on
09/21/2019 6:59:06 AM PDT
by
moovova
To: Republic_Venom
I wonder if that’s good news for Jaguar/Rover.
9
posted on
09/21/2019 7:06:14 AM PDT
by
Gay State Conservative
(A joke: Brennan,Comey and Lynch walk into a Barr...)
To: Republic_Venom
I would buy a Tata car, get some stick-on letters and put ‘Bodacious’ on it.
10
posted on
09/21/2019 7:08:03 AM PDT
by
real saxophonist
(Yeah, well, y'know that's just like, uh... your opinion, man.)
To: DJ Frisat
They still build original Willis Jeep under license.
To: Republic_Venom
They must have great tatas.
12
posted on
09/21/2019 7:48:56 AM PDT
by
Williams
(Stop Tolerating The Intolerant.)
To: Republic_Venom
TATA owns Jaguar and Land Rover and they make some good cars. I think you might see Tata being imported to the US soon. They are rumored to use a Land Rover and rebadge it for their first North American car.
13
posted on
09/21/2019 8:50:43 AM PDT
by
ConservaTeen
(WFLA's Jack Harris: Brooklyn is missing their village idiot. Right you are, Jack.)
To: Republic_Venom
TATA owns Jaguar and Land Rover and they make some good cars. I think you might see Tata being imported to the US soon. They are rumored to use a Land Rover and rebadge it for their first North American car.
14
posted on
09/21/2019 8:50:44 AM PDT
by
ConservaTeen
(WFLA's Jack Harris: Brooklyn is missing their village idiot. Right you are, Jack.)
To: moovova
As I figured. TATA Motors? 😁
15
posted on
09/21/2019 9:09:01 AM PDT
by
rktman
( #My2ndAmend! ----- Enlisted in the Navy in '67 to protect folks rights to strip my rights. WTH?)
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