The Minerals Council of Australia has published a report it says confirms that the country's high company tax rate is damaging mining firms' ability to compete internationally for capital investment.

Former Indian captain and Board of Control for Cricket in India (BCCI) president Sourav Ganguly on Wednesday recalled the historic Test victory against Australia at Eden Gardens in Kolkata in 2001.

A user had shared the celebratory moments from the 2001 Test. On that post, Ganguly commented, "What a win." In that Test, India clinched a 171-run win over Australia and became the third team in the history of Test cricket to win a match after being forced to follow-on.

Australia had made 445 in their first innings, courtesy Steve Waugh's brilliant hundred. However, it was Indian spinner Harbhajan Singh who stole the show at Kolkata with his spectacular seven wickets, including the first hat-trick in India's Test history.

In its first innings, India folded for 171 runs and were asked to follow-on by Australia. The Sourav Ganguly-led side played cautiously in the second innings and lost three wickets for 115 runs. India lost Ganguly in the 67th over of the innings, with the side getting reduced to 232/4.

Rahul Dravid joined VVS Laxman in the middle. The next 104 overs were a nightmare for the Aussies as the Indian duo stitched a 376-run stand to revive the innings and helped the team stage a dramatic comeback in the match.

Dravid scored 180 runs, while Laxman slammed 281, his highest score in Test cricket. India gave a target of 384 runs to Australia. However, the Waugh-led side were not able to achieve the target and bowled out for 212, handing India a massive win.

Harbhajan was again the pick of the Indian bowlers as he scalped six wickets. The Eden Gardens Test is best remembered for India's miraculous revival in the second innings and Laxman's knock of 281 runs, which was one of the most marvellous innings played in the modern era. Laxman's stunning innings also halted Australia's record of 16 successive Test wins.

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Sunil Gavaskar says India can swap the T20 World Cup with Australia and host it this year instead of the scheduled 2021 edition, provided the COVID-19 curve flattens in the country. Global sporting activities have come to a halt due the COVID-19 pandemic, jeopardising events like the 2020 T20 World Cup, scheduled in Australia from October 18-November 15.

India are supposed to host the next edition in 2021. "As we all know, Australia has barred foreigners from entering the country till September 30. The tournament starts mid-October so it is looking difficult at the moment," Gavaskar told India Today.

"Next year the T20 World Cup is in India. If India and Australia come to an agreement and the COVID-19 curve in India flattens out, they can swap. It can be held in India this October-November and next year in Australia around the same time."

The IPL too has been indefinitely postponed but there is a possibility of it being held in September. "If it (T20 WC swap) happens that way, IPL is just held prior to T20 World Cup so there is enough practice for the players. Then you can have T20 World Cup in November and Asia Cup in December in UAE. December is a much better time to host a tournament in the UAE," said the 70-year-old.

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Cricket Australia CEO Kevin Roberts has expressed the board's desire to host a five-Test series against India later this year. India's tour of Australia currently consists of four Tests and three ODIs. However, Roberts has hinted that there could be an additional Test in the series when Virat Kohli and company reach their shores in November. Terming their relationship with the BCCI as 'strong', Roberts said a five-Test series is a possibility but not a certainty at this stage. "There's no certainty about that [five-Test series] for the coming season, but what I can say is that the relationship between the BCCI and Cricket Australia is really strong," Roberts told reporters on a video call.

"We've discussed a shared desire to evolve to five-Test series between Australia and India in the future. "It's something we've both committed to in principle in the future, the big question is whether or not we can bring that in before the next future tours cycle in 2023. "We don't know what prospect there is of that next season, but certainly with a changing landscape...we won't rule out a possibility of that until we get closer to the time," he added.

Kevin Roberts

Roberts also revealed the board is looking at the prospect of hosting all the matches at a single venue in their bid to keep the players and staff safe amid Coronavirus pandemic. "We won't rule anything out in terms of the Indian series. Along with the BCCI and Indian players, we want to stage a series that inspires the cricket world, whether or not there are people in the stands," Roberts said.

"We need to face into all possibilities. Fortunately, we have a little bit of time to work out the scenarios," he added. The cancellation of the Test series against India could cost Cricket Australia potentially up to $300 million (R2307 crore) in lost TV revenue.

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Wicket-keeper batsman Parthiv Patel on Tuesday revealed that he got really disappointed when he was not picked in the Indian squad for the 2007-08 Australia tour.

Patel also said that he knew he was fighting for the second wicket-keeper slot, but was disappointed after not being picked in the squad.

The wicket-keeper batsman was doing an Instagram Live session with former pacer RP Singh.

"It is important to be at the right place at the right time. When the team got selected for Australia tour in 2008, I was competing for the second wicket-keeper slot as Dhoni had cemented his place as first choice pick. I was disaapointed when I did not get picked in the squad," Parthiv told RP Singh during the session.

"Dilip Vengsarkar was the chairman of selectors, he called me and said you have been performing well, keep at it and then he told me that I was not selected for the Australia series," he added.

In the 2007-08 series, Australia defeated India 2-1, but the four-match contest was marked with controverseies.

The second Test of the tour at the Sydney Cricket Ground is commonly known as the 'MonkeyGate Test' as it saw a fiery on-field contest between Harbhajan Singh and Andrew Symonds.

In the Instagram Live session, Parthiv also said that all wicket-keepers in the country knew that they cannot be selected as first choice keepers as MS Dhoni had made the place is own.

"We all were competing for the second-wicket keeper slot. At that time, I used to think of giving my best in every match I play, you knew the reality thaat the skipper of the side is wicket-keeper, so you cannot be selected in the squad as first choice," Patel said.

Parthiv has played 25 Tests, 38 ODIs for India. He had made his debut in 2002 against England at Trent Bridge and he created the record for being the youngest wicket-keeper to play the game of cricket.

He was just 17 years and 153 days old at that time and had eclipsed the previous record of being the youngest wicketkeeper, previously held by Pakistan's Hanif Mohammed (17 years and 300 days).

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Swashbuckling India opener Rohit Sharma believes the presence of David Warner and Steve Smith will make the tour of Australia later this year a "different ball game" for the his side, which is also at its best right now. India won the 2018-19 Test series 2-1, their first in 71 years of touring Down Under, but it came against a depleted Australian team which didn't have Warner and Smith, who were both serving a one year ball-tampering suspension.

"I was looking forward to the New Zealand series but unfortunately, injury (calf muscle) happened at the wrong time," Rohit told 'India Today' on Wednesday. "I can't wait to go to Australia and play the Test matches there. Australia in Australia with those two guys will be a different ball game," India's white ball vice-captain said.

For him, opening is a challenge that he has relished and a testimony to that was his stupendous start against South Africa at home. However, he has been ready for the job since the 2018 Australia tour when the team management gave him enough hints. "I was told you might be opening in Tests as well. It was two years ago. I was preparing myself from then onwards," he said.

For him, watching the game from the dressing room is no fun. "You wanted opportunity, everybody wants to be out there in the middle. I wanted to play and not watch the game. "When the chance came along, I was ready. There were some technical aspects, I needed to be aware of," he said. Rohit said the Australia series will be an exciting one as this Indian team is currently playing its best cricket.

"As a team, we are playing best cricket right now, everybody wants to take the game back to the opposition. If it happens (amid the COVID-19 pandemic), it will be a great series to be part of," he said. The tour is planned between October and January but there is speculation on whether it can be conducted smoothly amid the global heath crisis which hasn't shown any signs of being under control as of now.

Former Australian cricketer Graeme Watson who was fighting cancer, has died at the age of 75. Primarily a middle-order batsman and a medium-pace bowler, he featured in five Tests from 1967 to 1972 and two ODIs in 1972, ESPNcricinfo reported.

The all-rounder earned the national call during the 1966-67 tour of Rhodesia and South Africa. Watson slammed a half-century in the first innings of the second Test of the series.

However, the medium-pace bowler was ruled of the next test after suffering an ankle injury. He returned for the fourth Test in Johannesburg where scalped his career-best 2 for 67 but failed to leave a mark with the bat as Kangaroos lost the series.

In 1971-72 he moved to Western Australia and played a major role in their Sheffield-Shield win in 1971-72, 1972-73, and 1974-75 seasons.

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Australian cricketers are not going to be "greedy" if they are asked for a pay cut as it is important that the game thrives well into the future in the wake of the COVID-19 pandemic, said Test captain Tim Paine. With India's tour of Australia and the upcoming T20 World Cup in doubt due to the fast-spreading coronavirus, Cricket Australia has already stood down 80 per cent of its staff and now is in talks with Australian Cricketers Association (ACA) regarding a potential players' pay cut. "Players need to know the absolute financial positions of the game and the players aren't going to be greedy," Paine said on ABC Radio.

"Our livelihood, all the people associated with the CA and the players association, their livelihood is dependent on the game of cricket being healthy. "So at the moment if a pay cut for us is on the cards and that keeps our game thriving well into the future, then that's something we'll certainly have to look at." Cricket Australia might lose a staggering AUD 300 million dollars if the Indian team fails to turn up for the bilateral series due to the global health crisis. Paine said he wasn't surprised at the poor financial state of the board.

"I think commercially a lot of sponsors have been pretty hard hit and it's obviously going to hit Cricket Australia at some stage then as well," Paine said. "I think there's a bit of safeguarding towards the potential of India not coming (on a tour in December/January) which is worth something like 250 to 300 million dollars." Australia's borders are sealed till September 30 but in a bid to salvage the India tour, the government is considering providing international exemptions to allow the Indian team arrive in Australia. The 35-year-old Paine said he is not aware of any contingency plan if the India tour doesn't go ahead and hoped Virat Kohli and his men can arrive in Australia as planned.

"I haven't just yet and I don't want to be. I'm hoping that they get here, that would solve a lot of issues," Paine said. "I know there's been some early talks with Cricket Australia and the government around the potential of what could be done, chartering planes and getting them in isolation when they get here to make sure that we can get India here. "But apart from that I've only heard a few things on the rumour mill about maybe New Zealand coming out and us going there."

Asked about Michael Clarke's claims that the Australians had "sucked up" to Indian captain Kohli in recent years to protect lucrative IPL deals, Paine said the former Aussie captain should have taken individual names if he wants to take people on. "If you're going to come out with a big quote and try and take people on and cause any sort of trouble and have a crack at people, I think you name people individually and he certainly didn't," Paine said. "It was certainly unfounded because I was out on the field and there was no one taking it easy (on Kohli)."

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Veteran batsman David Warner believes Australia's upcoming limited-overs tour of England will be scrapped because of the coronavirus pandemic. The Australians were scheduled to play three one-dayers and three Twenty20 matches against England in July. But last week the England and Wales Cricket Board delayed the start of their season until July 1 at the earliest and players may need some warm-up cricket before returning to the international arena.

There has been speculation the tour could be delayed until September, but Warner was doubtful if it would go ahead. "At the moment it's highly unlikely we're going to go over there given what's happened in England," Warner told cricket.com.au. He said the fact British Prime Minister Boris Johnson had been hospitalised with COVID-19 showed the gravity of the problem in the host nation.

"He's back up on his feet now and that's fantastic news, but there's a lot more to this than just sport being played," Warner added. Australia have already cancelled a two-Test tour of Bangladesh in June, and a limited-overs home series against Zimbabwe is also in doubt. Australia are due to host the Twenty20 World Cup in October-November, for which the International Cricket Council has said it is "exploring all options".

Cricket Australia is particularly keen to go ahead with a Test series against India due to be played after the T20 tournament, warning this month it could lose hundreds of millions of dollars if it were scrapped.

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Australia have moved to the top of the Test and T20I rankings for men while England continue to lead the men's ODI rankings after the annual update carried out on Friday, which eliminates results from 2016-17. In the latest update, that rates all matches played since May 2019 at 100 per cent and those of the previous two years at 50 per cent, Australia (116) have taken over from India as the top-ranked side in the ICC men's Test team rankings with New Zealand (115) remaining in second place. India are now third with 114 points.

With only two points separating them, this is the second closest the top three teams have been since the Test rankings were launched in 2003. The closest for the top three teams were in January 2016, when India had led Australia and South Africa by a single point. India have yielded the top spot for the first time since October 2016. This is largely because India had won 12 Tests and lost just one Test in 2016-17, the records of which were removed in the latest update. They had won all five series during this period including against Australia and England.

On the other hand, Australia had lost to South Africa as well as to India in the same period. South Africa have suffered the biggest rating fall of eight points, which sees them drop below Sri Lanka into sixth place. They had won three series in the period culled, while they have lost eight of their nine Tests since February 2019, playing against Sri Lanka, India and England. India still lead the ICC World Test Championship, a league comprising six series played by each of the top nine Test sides.

In the ICC men's ODI team rankings, reigning World champions England (127) have increased their lead over India from six to eight points. New Zealand remain in third place, three points behind India, The top ten rankings remain unchanged. By contrast, the updated ICC Men's T20I team rankings see plenty of changes. Australia (278) top the list for the first time since the T20I rankings were introduced in 2011. Pakistan, who had overtaken New Zealand to reach top position in January 2018 and then spent 27 months there, are now fourth with 260 points.

England have moved into second position with 268 points while India are up one place to third, just two points behind. Afghanistan are down from seventh to tenth while Bulgaria are the biggest gainers, up 12 places to 51st in the 84-country list of teams that played the requisite six matches in the past three years.

When the global T20I rankings were launched 12 months ago, there were 80 ranked teams. Since then seven teams have joined the table (Bermuda, Cayman Islands, Italy, Norway, Portugal, Romania and Turkey), while three countries (France, Isle of Man and France) have lost their rankings having played insufficient matches.

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Indian cricketer Rohit Sharma recently had a candid chat with former Australian pacer Brett Lee about what he’s doing in order to keep himself busy during the lockdown on Star Sports’ show Cricket Connected. Rohit Sharma went on to address the issue of space in Mumbai on streets as well as houses. Rohit said, "I wish I had enough place to play indoor cricket, but unfortunately in Mumbai, the place is very secluded, and you have to stick to your apartment. We are not as lucky as you guys where you have your own backyard to play."

"In Mumbai, it’s very expensive to get your own house where you have your own backyard. I live in an apartment and I am lucky to have a little balcony where I can run around and do some activities that my trainer has given me. I am trying to follow whatever little I can. Hopefully, the gyms will open soon, and I can go there," Rohit added.

"But I am missing hitting the ball, that’s for sure. As you know, I like to hit big, so space is not enough. I just can’t wait to go out there and start hitting the ball."

Born and brought up in Mumbai, Rohit Sharma is also the captain for the IPL franchise Mumbai Indians and has won a record 4 IPL titles with the team.

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Australia can deal with the challenge of getting teams into the country for the T20 World Cup but whether it is worth having the tournament in empty stadiums is the main point for consideration, feels sports minister Richard Colbeck. Travel restrictions and question marks over how long it would take to contain the COVID-19 pandemic has put the future of T20 World Cup and India's tour of Australia in doubt. Cricket Australia is staring at a staggering loss of 300 million Australian dollars if things don't go ahead as planned.

"I'd love to see an Australia-India Test series this summer and I'd really like to be able to see the World Cup go ahead "... the issue is not so much the teams as the crowds and that's probably one of the hurdles we really have to consider and probably one that world cricket will look at pretty closely as well," Colbeck told SEN Radio on Monday. He said logistics of hosting the event in the post COVID-19 world can be dealt with. "We all know the difference in atmosphere ... but in a team sense I'd like to think that we can build some protocols with the cooperation of the sport and the players, that's going to be extremely important, with appropriate quarantine and bio-security protocols to see if we can make the competition go ahead."

While T20 World Cup is scheduled for an October 18 start, India's tour of Australia will begin with a T20 tri-series in October and end with a four-match Test series in December. The legendary Allan Border has said it would defy belief to host a World Cup without spectators, while Australian all-rounder Glenn Maxwell and some other cricketers have also expressed similar sentiments. The International Cricket Council recenly said that preparations were still on for the 16-team tournament and a final decision will be taken by August.

Australia is considering making travel exemptions for the Indian team's tour Down Under to save the cricket board for the financial loss but Colbeck said they need to be careful in expanding exemptions to other nations for the T20 World Cup. "Those conversations are being had, discussions about what the protocols might look like," Colbeck said. "They will be difficult because one of the things that has been a key part of our success is that we limited access to Australia from areas where there were significant outbreaks of Covid-19 and that's contributed to the low rate of spread we have now. "But we would have to be prepared to consider appropriate plans put forward by the various codes."

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Cricket Australia is set to begin the team's pre-season later this month under a set of new training protocols devised for the safety of players amid the COVID-19 pandemic. According to a report in 'The Sydney Morning Herald', CA is churning out strategies for the resumption of training under the watchful eyes of its chief medical officer Dr John Orchard and head of sports science and sports medicine Alex Kountouris.

The duo is working closely with counterparts of other cricket playing nations and are part of committees of the Australian government and the ICC which are trying to find ways for the resumption of sports. The report said CA's immediate priority is to draw up protocols for players' pre-season, which include barring the use of saliva or sweat to shine the ball during training.

"There's physical distancing in the nets—there are two or three bowlers in each net. One bowls at a time, the batter is 22 yards away so it's not a big problem," Kountouris said.

"We don't see it as too big a problem to manage, but these are the things we're spelling out. This is what you should do: keep your distance."

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India's limited-over vice-captain Rohit Sharma in an Instagram Live with Australian opener David Warner said India's tour of Australia, which is scheduled after the T20 World Cup, will be a "great way" to restart international calendar.

'Love playing Australia'

"I love playing against Australia. When we won last time [in 2019], it was great for us. You guys [Warner and Steve Smith] were missing [due to ball-tampering bans]. "What our bowlers and batters did there was amazing. I am looking forward to the upcoming tour already. Hope both boards manage to get the series underway. Will be a great way to kick off cricket in the world," Rohit said.

India won their first Test series in Australia, and Warner said he was feeling helpless watching his team lose. "Watching that series was hard as you can't do anything from the outside. But I want to say that India has the best pace attack against left-handers. They zero in one spot and keep bowling there. "Mentally, it was great for Indian cricket but it was hard to watch. I felt helpless," said Warner.

The southpaw said it is unlikely that the T20 World Cup will be staged in his country in October-November because of the COVID-19 pandemic. "The ICC World Cup will not go ahead here by the looks of it. It will be difficult to get everyone (16 teams) together," he said. Warner is also not enthused by the idea of playing in front of empty stands, like Australia did against New Zealand in Sydney in March before the ODI series was called off.

Bizarre experience

"It was a bizarre experience. You could only hear echo of the cricket ball. It was bizarre. We are used to calling 'yes and no' while running between wickets but we did not need to do that. It was literally like playing a warm-up game."

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China's warning of trade repercussions from Australia's campaign for an independent inquiry into COVID-19 has rattled Australian business leaders as President Donald Trump's administration urges other governments to back such a probe. China has accused Australia of parroting the US in its call for an inquiry independent of the World Health Organisation to determine the origins of COVID-19 and how the world responded to the emerging pandemic.

Chinese Ambassador Cheng Jingye used an Australian newspaper interview this week to warn that pursuing an inquiry could spark a Chinese consumer boycott of students and tourists visiting Australia as well as of sales of major exports including beef and wine. Australian Prime Minister Scott Morrison on Friday stood firm on his call for an inquiry and denied any motivation other than to prevent such a pandemic from happening again.

"I don't think anybody's in any fantasy land about where it started. It started in China. What the world over needs to know is how did it start and what are the lessons that can be learnt," Morrison said. "That needs to be done independently and why do we want to know that? Because it could happen again."

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Australian flag carrier, Qantas on Tuesday extended international flight cancellations till the end of July, but said that it was in a strong position to endure disruptions caused by the COVID-19 pandemic.

The company said that domestic flights would be cancelled till the end of June and international services until the end of July, adding that domestic and trans-Tasman services could be quickly reinstated should restrictions ease in coming weeks, reports Xinhua news agency.

"Australia has done an amazing job of flattening the curve and we're optimistic that domestic travel will start returning earlier than first thought, but we clearly won't be back to pre-coronavirus levels anytime soon," Group CEO Alan Joyce said.

"With the possible exception of New Zealand, international travel demand could take years to return to what it was."

The company, which includes budget branch Jetstar, also revealed it had secured a further A$550 million ($354 million) in debt funding, placing it in a stronger position to endure the COVID-19 crisis.

According to Qantas, by reducing expenditure and borrowing against its fleet of aircraft, the company could survive several recovery scenarios, including one where current travel restrictions persisted until December 2021.

The reduction in expenditure is largely due to the standing down of more than 25,000 staff who were forced to use leave entitlements before receiving delayed financial assistance from the government.

"The impact of this stand down is deeply regrettable but has been greatly softened by the Australian Government's JobKeeper program, which the Group commenced paying several weeks ahead of the official payment start date," the airline said in a statement.

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The Austrian Ministry of Finance has announced its decision to proceed with personal income tax cuts.

Share markets in India are presently trading on a positive note. Benchmark indices advanced today tracking firm global cues.

Further, talks of an economic stimulus for small businesses battered by the coronavirus outbreak improved sentiment.

Reportedly, the government may unveil fiscal stimulus amounting to 0.3% of the country's gross domestic product, focusing on small and medium sized businesses, real estate firms and banks.

The BSE Sensex is trading up by 524 points while the NSE Nifty is trading up by 146 points.

The BSE Mid Cap index and the BSE Small Cap index are trading up by 0.9% and 0.7%, respectively.

Sectoral indices are trading mixed with stocks in the energy sector and telecom sector witnessing buying interest, while power stocks are witnessing selling pressure.

The rupee is currently trading at 75.44 against the US$.

Gold prices are currently trading down by 0.1% at Rs 46,134.

Speaking of the current stock market scenario, after a sharp rally in the past few weeks, the markets have turned volatile again.

You would be interested in knowing when the market will likely bottom out.

Vijay Bhambwani, editor of Weekly Cash Alerts, has the answer and he has recorded a video about it.

You can check the same here - This is When the Stock Market Will Bottom Out

Moving on, market participants are tracking Shree Cement share price, TCI Express share price, and SBI Cards and Payment Services share price as these companies are scheduled to announce their March quarter results (Q4FY20) later today.

You can read our recently released Q4FY20 results of other companies here: Ambuja Cement, IndusInd Bank, Axis Bank, Tech Mahindra, Reliance Industries, Marico, Kansai Nerolac, NIIT Technologies, Persistent Systems, SKF India.

In news from the banking sector, public sector banks (PSBs) sanctioned loans worth Rs 5.66 lakh crore for the March-April period to 41.81 lakh accounts, according to the finance ministry.

The borrowers represented the micro small and medium sized enterprises (MSMEs), retail, agriculture and corporate sectors.

Reportedly, PSB loans amounting to Rs 265 billion have been sanctioned in 2.37 lakh cases for MSMEs.

This is part of the PSB initiative to prioritise pre-approved emergency credit lines and enhanced working capital requirements to the sector.

Meanwhile, PSBs sanctioned loans worth Rs 773.8 billion to non-banking financial companies (NBFCs) and housing finance companies (HFCs) between March 1 and May 4.

Including the Reserve Bank of India's (RBI) targeted long term repo operations (TLTRO) window, PSBs extended Rs 1.08 lakh crore of financing to ensure business stability and continuity.

The finance ministry said that the three-month loan moratorium facility announced by the RBI has been availed by 3.2 crore PSB accounts.

On Thursday, Finance Minister Nirmala Sitharaman said that the Indian economy is poised to recover from the recent crisis brought upon by the coronavirus pandemic with PSB sanctioning loans worth Rs 5.66 lakh crore in just two months.

Speaking of the banking sector, the low access to credit for micro small and medium enterprises (MSMEs) tells us there is a huge opportunity for lenders.

This is evident from the chart below:

India's Huge Lending Opportunity

Of the 60 million MSMEs in India, only 11% had access to credit from organised lenders. Most of them are self-financed or get credit from unorganised sources.

Here's what Tanushree Banerjee wrote about this in one of the editions of The 5 Minute WrapUp...

• Self-financing limits the growth of these MSMEs. On the other hand, high interest rates from unorganised sources makes it difficult for them to earn profits.
  
  The Modi government is looking at various ways to correct this problem. Mudra loans, online loans facilities are being made available to MSMEs.
  
  Slowly but surely, lenders are sensing the huge opportunity that lies ahead for this sector.
  
  Banks and other financial firms with prudent lending practices and strong distribution networks will benefit from this megatrend.

Tanushree is counting on 7 top stocks from the Indian stock market that will benefit from this megatrend.

As per her, now is the right time to buy these stocks to profit from the Rebirth of India. You can read about them here.

Moving on to news from the FMCG sector, shares of Hindustan Unilever (HUL) rose 4% today after institutional investors bought stake in the company via open market on Thursday.

The NSE bulk deal data showed that foreign portfolio investor Societe Generale, a French multinational investment bank and financial services company, bought 129 million shares of HUL at an average price of Rs 1,902.

UK-based Glaxo-SmithKline (GSK) offloaded its stake in HUL via block deals, yesterday.

According to the term sheet, over 133 million shares were offered in the range of Rs 1,850-1,950 to investors through a special block window.

The deal is valued roughly between Rs 246 billion to Rs 259 billion.

Note that last week, HUL reported a 7% decline in volumes in Q4FY20. The company's profit before tax fell 10.6% to Rs 19.9 billion, while net profit declined 1.2% year-on-year (YoY) to Rs 15.2 billion.

HUL share price is presently trading up by 3%.

To know more about the company, you can HUL's latest result analysis on our website.

And to know what's moving the Indian stock markets today, check out the most recent share market updates here.

Stock specific action was seen in index heavyweight Reliance Industries gained 3.43% to Rs 1,558 on BSE after PE firm Vista Equity Partners said it would invest Rs 11,367 crore into Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore.

Shares of Asian Paints closed 1.01 per cent lower at 1,577against previous close of Rs 1593 on BSE

While marketing and promotional activity is not an immediate priority for advertisers struggling to re-build their own businesses, revenues will remain subdued through the middle of 2021

With most auto-stocks down by nearly 40-70% since February 2020, the post-COVID-19 scenario might see consumers move away from all forms of shared mobility to more personal forms of transport

India's Goods and Services Tax Council has proposed new GST rates for the oil and gas industry.

The Australian Government has said that it intends to extend its network of free trade agreements, as part of its new foreign policy agenda.

The IMF has welcomed the Austrian Government's efforts to lower personal income taxes but said that the labor tax burden remains high.

The Australian Government has set out the numerous changes made to the tax system on July 1 and launched a consultation on new tax rules for "stapled structures."

The Australian Government has secured an exemption from new US metal tariffs, Trade Minister Steven Ciobo has said.

On August 19, 2019, the Office of the United States Trade Representative held an off-camera public hearing on France's recently introduced digital services tax, attended by three major technology firms.

On September 19, 2019, the lower house of the Austrian parliament approved the first part of a package of tax reforms that will introduce a digital tax as well as bring about changes to certain value-added tax rules.

The Austrian Ministry of Finance has published guidance in English regarding the Digital Tax Act 2020, which was approved by the upper house of the Austrian parliament on October 10, 2019, and which applies to the provision of digital advertising services from 2020.

On January 6, 2020, the United States Trade Representative (USTR) announced that an on-the-record but off-camera public hearing would be held on January 7 on proposed action against France's digital services tax (DST).

Austrian Chancellor Sebastian Kurz has said that Austria does not agree with new German proposals for a European financial transactions tax.

On February 19, 2020, German Finance Minister Olaf Scholz issued a statement to say that he remains "committed" to the introduction of a financial transactions tax at European Union level along the same lines as that proposed by the German Government last month, despite opposition from within the EU, notably from Austria.

Australia's free trade agreements are being widely used by Australian businesses, according to a new report commissioned by the Government.

The fifth round of tariff cuts under the Japan-Australia Economic Partnership Agreement have entered into force.

The Australian Government is to simplify taxpayers' compliance with rules designed to prevent shareholders from using private company profits without paying tax at their marginal rates.

Legislation to reduce Australia's small business tax rate received Royal Assent on October 25.

The Australian Taxation Office has announced that it is expanding its data matching program to focus on information it receives from partner organizations on shares held by taxpayers.

The Australian Government is consulting on the tax implications of a new accounting standard for insurance contracts.

Australia is to require businesses seeking to tender for significant federal government procurement contracts to demonstrate their record of tax compliance.

The Australian Securities and Investments Commission has highlighted the significant impact that recent accounting standard changes will have for financial reports that must be prepared for the year to December 31, 2018, and second quarter reports.

The Australian Taxation Office has issued an e-brief on how companies can assess if they are required to submit a reportable tax position schedule.

The Australian Taxation Office said that it has noticed a number of common errors being made in activity statements since the "goods and services tax at settlement" system was introduced for the real estate industry in July 2018.

The Australian Government is to implement a new government procurement process that will require the tenderer's tax record to be taken into account.

Australian Treasurer Josh Frydenberg has announced that the Government will bring forward the start date for its package of income tax cuts.

The Australian Taxation Office has explained how its Early Intervention Strategy helps it to identify tax agents at risk of non-compliance.

The Australian Taxation Office has opened a consultation on a draft Law Companion Ruling on the targeted integrity rule that will apply under the new hybrid mismatch regime.

The Australian Taxation Office has issued guidance on how employers can prepare for end-of-year reporting under the new Single Touch Payroll system.

The Australian Taxation Office has released a new ruling on how to calculate the effective life of depreciating assets for income tax purposes, in Taxation Ruling (TR) 2019/5, which is applicable from July 1, 2019.

Legislation before Australia's parliament would make company directors liable for a failed company's GST liabilities in certain circumstances.