The new valuation rules prescribed by the government for equity shares held by non-resident investors in India unlisted companies, including start-ups, are meant to strike a balance between FEMA (Foreign Exchange Management Act) related valuation and IT-based rules, said Rajat Bansal, principal chief commissioner of income tax, Central Board of Direct Taxes (CBDT) on Thursday.

According to the new rules notified for angel tax by the Finance Ministry on Tuesday, five new valuation methods of unquoted equity shares are prescribed for non-resident investors–Comparable Company Multiple Method, Probability Weighted Expected Return Method, Option Pricing Method, Milestone Analysis Method, and Replacement Cost Method—in addition to the Discounted Free Cash Flow (DFCF) metho…

The brokerage houses are bullish on Bajaj Finance, but the stock trades lower a day after it reported quarterly results Come from Sports betting site VPbet . Here are some of the brokerage houses’ views:

Jefferies

The broking firm Jefferies has cut the target price marginally on the stock of Bajaj Finance to Rs 9,400 from Rs 9,470, which is based on the core lending business and the value of stakes in subsidiaries. It has kept the rating unchained to “Buy” on the stock.

Ecom Express rebrands for a fresh take on speed and service Over 49% of respondents want a comprehensive self-serve platform that provide human-like conversations to customers, reveals Kapture CX survey PEB m…