There is a lot of confusion regarding the grandfathering and long-term capital gain (LTCG) tax introduced in the Union Budget. Read on to clarify your doubts.

The PAT for the quarter came in at Rs. 245.2 crore, yoy decline of 17.1 per cent. This was due to rise in effective tax rate from 25 per cent in Q3FY17 to ~30 per cent in the quarter.

Company has recommended a final dividend of Rs. 2.50 per equity share of Rs. 5 each for the year ended December 31, 2017.

The company has secured new orders worth Rs. 525 crores in its Engineering Products segment from Power Grid Corporation of India Limited (PGCIL). It has also bagged orders from neighbouring countries including Nepal and Bangladesh.

Following stocks are close to their 52-week low as at 12.35 p.m. on February 6.

The markets on February 6 opened gap down. BSE Sensex is trading at 33,738.73, down by 1018.43 points and the Nifty is trading at 10,360.10, down by 306.45 points.

Finance Minister, Arun Jaitley in his budget speech introduced Long Term Capital Gains tax (LTCG) which will be applicable from April 1, 2018 onward. The LTCG, however, is being grandfathered . The stock highs of January 31 will be used to index the LTCG gains. This means when you sell a stock after April 2018 for price more than the high of the stock price on January 31, 2018, LTCG of 10 per cent will be applicable on the gains, which is exempt for gains uptill Rs. 1,00,000.

In a blow to hospitality company Hotel Leela Venture, the Supreme Court rejected its appeal and ordered it to pay a royalty of Rs. 258 crore to the Airport Authority of India (AAI) for possessing its 11,000 sq mt property near Mumbai International Airport.

The PAT for the quarter came in at Rs. 55.61 crore, yoy increase of 26.1 per cent. This was due to a one-time gain of Rs. 22.61 crore in the quarter.

Indian markets saw huge correction in-line with the global market sell-off. During the morning session on Tuesday, market witnessed third day of correction ahead of RBI monetary policy meet on Wednesday.