While equities in Japan were little changed, markets in South Korea edged higher. While equities in Japan were little changed, markets in South Korea edged higher, reports Bloomberg. New direct tax code to benefit corporates, income tax payersBusinesses and low-income earners will stand to gain the most from the new direct tax code that the government is working on, reports Mint. The draft of the proposed direct tax code will be ready by July. The credit and financial profiles of Bank of Maharashtra, Oriental Bank of Commerce, Allahabad Bank and UCO Bank are in bad shape, the report adds.

Source: Mint May 14, 2018 03:00 UTC