Top 10 business headlines: Tax mop-up contracts, BPCL stake sale and more

From cars to cost more in new year, Sebi giving time to six brokers to wind up clients to NTPC planning to expand in its renewables capacity, Business Standard bring you the top headlines of the day

1. Amid slowing economy, corporation tax mop-up contracts 1% in Apr-Nov

Corporation tax collection contracted by 1 per cent in April-November 2019 compared with the same period last year, amid a slowing economy, even as the impact of the corporation tax rate cuts, announced in September, is yet to reflect in the numbers. Negative growth in the corporation tax mop-up pulled down direct tax collection growth to 1.5 per cent in the first eight months of the current financial year. Direct tax collection, after adjusting for refunds, touched Rs 5.5 trillion at the end of November and will require a growth