Top business headlines: FM ends MAT confusion, YES Bank shares hit, & more

Finance Minister Nirmala Sitharaman spoke of the challenges in maintaining fiscal discipline, while comparing the Modi government's fiscal record with that of the Manmohan Singh government

FM Sitharaman ends MAT confusion: Reduced rate to be applicable from FY20

The lower minimum alternate tax (MAT) rate announced as part of the corporation tax rate cuts in September will be applicable from the current fiscal year (2019-20 or FY20), said Finance Minister Nirmala Sitharaman on Monday in the Lok Sabha after an error in the Taxation Amendment Bill spooked companies. Read more

Lack of marquee investors, fear of RBI refusal hit YES Bank shares, bonds

Lack of marquee investors and fear that the Reserve Bank of India will not clear the investments by the new