Top 10 biz headlines: Moody's cuts India outlook, telecom war, and more

From the tussle between traders and FMCG firms to Qatar Air's interest in buying stake in IndiGo, here are the top 10 business headlines for the day

Govt may tighten presumptive taxation norms, do away with some deductions

The government, given the grim revenue position and clamour for tax cuts for the salaried classes, is considering a tighter presumptive taxation scheme. This is among the measures being examined to make rationalising income-tax slabs a revenue-neutral exercise in the upcoming Budget. Read more.

Tussle between traders, FMCG firms worsens over differential pricing

An ongoing stir involving fast-moving consumer goods (FMCG) companies and distributors in Gujarat over differential product pricing and low margins is threatening to go national. This comes as the Federation of All India Distributors Association (FAIDA),