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Top 10 biz headlines: RCap's $5-bn debt, Oyo to raise $1 bn, and more

From Oyo eyeing fresh funds to Reliance Capital getting a downgrade from CARE Ratings, here are the top 10 business headlines for Monday

Top 10 biz headlines: RCap's $5-bn debt, Oyo to raise $1 bn, and more
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BS Web Team
Corporation tax rate cut may not benefit auto buyers, say analysts

Buyers of automobiles are unlikely to benefit from the reduction in corporation tax, even though the move is expected to bring some relief to auto companies bruised by a prolonged slowdown. And with its calls for a cut in the goods and services tax (GST) rates on autos rejected, companies will have to find their own ways to tide over the sales slump and re-kindle demand. Read More

Tata Realty, Actis look to raise $1 billion for commercial properties

United Kingdom-based private equity firm Actis