These are the stocks posting the largest moves before the bell.Market Insiderread more
But the bank's net interest margin, a key metric of bank profitability, falls short of expectations.Financeread more
Microsoft's effort to catch Amazon Web Services in cloud got a major boost from a new deal with AT&T and an agreement to build out services for 5G.Technologyread more
Uber launches a shopping app with Cargo, an on-the-go convenience store. They already have been working together to put consoles selling snacks in cars.Retailread more
BENGALURU, July 12 (Reuters) - India has given itself achievable targets for its tax collections, Finance Minister Nirmala Sitharaman said in an interview https://www.hindustantimes.com/budget/we-ve-given-ourselves-achievable-targets-s a y s - n i r m a l a - s i t h a r a m a n / s t o r y - q h G E G v f M K 1 f y C n W R Q Q S a 8 O . h t m l to news daily Hindustan Times, adding that goods and services tax (GST) collections could "absolutely" move higher.
India expects to rake in 24.6 trillion rupees ($358.97 billion) in gross tax revenue in 2019/20. Sitharaman, in her maiden budget last week, raised taxes on the super rich and gold imports in a bid to revive sagging growth.
GST collections fell http://www.pib.nic.in/Pressreleaseshare.aspx?PRID=1576485 below 1 trillion rupees ($14.59 billion) for the first time in the current fiscal year in June, projecting weak consumer demand.
"Everyone who thinks we have set stiff targets is probably only looking at GST collections, which slowed down during the elections, for whatever reason," Sitharaman told Hindustan Times.
"I think we have given ourselves absolutely achievable targets, and after taking everyone on board." ($1 = 68.5300 Indian rupees) (Reporting by Chris Thomas in Bengaluru; Editing by Rashmi Aich)