The Dutch Ministry of Finance has announced that around 24,000 small traders will be able to defer their wage tax declarations this year due to problems with the Government's new online portal for businesses.

Indian share markets ended their trading session lower yesterday.

Benchmark indices edged lower tracking weak global cues as investors fretted over weak economic data and rising COVID-19 cases.

Barring energy stocks, all sectoral indices ended on a negative note with stocks in the power sector, telecom sector and consumer durables sector witnessing most of the selling pressure.

At the closing bell yesterday, the�BSE Sensex stood lower by 242 points and the�NSE Nifty�closed down by 72 points.

The SGX Nifty�was trading at 9,200, down by 53 points, at the time of writing.

The�BSE Mid Cap�index and the�BSE Small Cap�index ended their day down by 0.5% and 0.1%, respectively.

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

Also, our special report, How to Trade the Coronavirus Crash, is the most comprehensive report on how to trade the coronavirus, both from a short-term and long-term perspective. You can�claim your FREE copy here...

Top Stocks in Focus Today

From the pharma sector, Dr Reddy's Laboratories share price will be in focus as the company announced that the its NDA (new drug application) Elyxyb ((celecoxib oral solution 25 mg/mL) has been approved by the US Food and Drug Administration.

The drug is indicated for the acute treatment of migraine with or without aura in adults.

From the IT sector, HCL Technologies share price will also be in focus as the company reported a 22.8% year-on-year (YoY) rise in consolidated net profit at Rs 31.5 billion compared with Rs 25.7 billion in the same quarter last year.

Revenue for the quarter rose 16.3% YoY to Rs 185.9 billion from Rs 159.9 billion reported in the year-ago quarter. In dollar terms, revenue rose 11.7% YoY to US$ 2,543.40 million from US$ 2,277.80 million. On a sequential basis, dollar sales were flat. Sales growth in constant currency terms rose 13.5% YoY to US$ 2,584.60 million.

To know more about the company, you can read HCL Technologies' Q4FY20 result analysis on our website.

Market participants will also be tracking RBL Bank share price, Cyient share price and Gillette share price as these companies announced their March quarter results yesterday.

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

GSK Sells Stake in HUL via Block Deal

From the FMCG sector, Hindustan Unilever (HUL) share price will be in focus as the UK-based Glaxo-SmithKline (GSK) offloaded its stake in HUL via block deals yesterday.

According to the term sheet, over 133 million shares are being offered in the range of Rs 1,850-1,950 to investors through a special block window. The deal will be valued roughly between Rs 246 billion to Rs 259 billion.

GSK and�Horlicks�are selling up to US$ 3.4 billion worth of HUL shares through what could be India's biggest secondary market block trades.

The British drug maker is looking to monetise about 5.7% of�HUL stock it had got after last year's merger of GSK Consumer Healthcare and HUL.

As per the scheme of amalgamation amongst GSK Consumer Healthcare and HUL, GlaxoSmithKline Pte had received 54.08 million shares of HUL, meanwhile Horlicks received 79.69 million shares.

Accordingly, parent company Unilever Plc and group companies' stake in HUL reduced to 61.9%, from 67.2% earlier after the issue of new shares.

Yes Bank Q4FY20 Results

Yes Bank reported better-than-expected March quarter (Q4FY20) results.

Yes Bank�posted a net profit of Rs 26.3 billion on the back of one-time gain attributed to an exceptional item of Rs 63 billion.

The bank has written-down additional tier-1 bonds as part of its planned reconstruction scheme, leading to a one-time gain of Rs 63 billion.

In the absence of the exceptional gain, the bank would have reported a net loss of Rs 36.7 billion.

The bank had reported a net loss of Rs 15.1 billion a year ago, while the same was Rs 185.6 billion in Q3FY20.

The bank's net interest income (NII) for the March quarter came in at Rs 12.7 billion, up 19.6% sequentially.

Net interest margin (NIM) for Q4FY20 came in at 1.9%, compared to 3.1% a year ago.

On the asset quality front, gross non-performing assets (NPA) fell 19% QoQ to Rs 328.8 billion, mostly on account of write-offs.

The bank's deposits plunged to Rs 1.05 lakh crore, down 54% YoY compared with Rs 2.27 lakh crore.

Meanwhile, Advances declined 29% YoY to Rs 1.7 lakh crore from Rs 2.4 lakh crore in the year-ago quarter.

For the financial year 2019-20 (FY20), the private lender posted a loss of Rs 164.2 billion, on a standalone basis, compared to net profit of Rs 17.2 billion in the previous year.

To know more, you can read Yes Bank's latest result analysis on our website.

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.

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

The South African Revenue Service has reminded taxpayers that individual tax payment is required by January 31, 2018.

44 African countries have signed a landmark free trade pact to simplify tax and non-tax rules for trading between their borders.

Businesses that will be able to identify and implement changes and address new risks in the post-COVID-19 world would have advantages and can expect value appreciation

The European Free Trade Association states – Switzerland, Liechtenstein, Norway, and Iceland – and Indonesia have signed a Comprehensive Economic Partnership Agreement (CEPA), which will slash tariffs on a majority of industrial goods.

Singapore's tax agency has announced that the territory's new double tax avoidance agreement with Cambodia entered into force on December 29, 2017, capping cross-border withholding taxes on trade and investment.

Two deadlines are approaching in Colombia for taxpayers wishing to take part in ongoing tax amnesties.

According to a recent study, each year as many as 40,500 critically ill U.S. hospital patients die with an unknown medical condition that may have caused or contributed to their death.

Dengue fever is a mosquito-borne tropical disease caused by the dengue virus. The death toll from dengue fever in West Bengal has gone up to 12, reported an official.

The number of dengue cases in West Bengal since January 2016 now stands at 2,870, revealed a senior health department official. With two more deaths,

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Highlights: COVID-19 can stick on to kids' toys and play equipment Parents must advice your naughty little

Mexico has completed its domestic ratification procedures in respect of the new US-Mexico-Canada Agreement (USMCA), which will replace the North American Free Trade Agreement, with the US and Canada.

The Canadian Liberal Party has announced plans to reduce the income tax burden by raising the Basic Personal Amount.

The Cypriot tax authority has extended until January 15, 2018, the deadline for multinational corporations to submit their notifications concerning country-by-country reporting for 2017. The deadline had been December 31.

The first returns under China's new environmental tax are due online by April 1, 2018.

Medications being used to treat COVID-19 are known to cause prolongation of the QTc in some people. The QTc is an indicator of the health of the heart's electrical recharging system.

Switzerland and Italy are to amend the customs status of the Italian enclave of Campione d'Italia.

The European Free Trade Association (Iceland, Liechtenstein, Norway, and Switzerland) and the Mercosur group of countries (Argentina, Brazil, Paraguay, and Uruguay) concluded in substance a broad-based free trade agreement at the tenth round of negotiations from August 20 to 23, 2019.

Malta's Commissioner for Revenue recently announced electronic filing deadline extensions for corporate income tax returns.

The Belgian tax agency has issued a reminder to value-added tax-registered persons of their obligations to file VAT returns and pay VAT during the holiday season.

Belgium's tax authority has announced corporate tax return filing deadlines for the 2019 tax year, with a concession for those with a deadline prior to September 26, 2019.

The UK Government on January 10, 2020, released the synthesized text of the 1987 Belgium-UK double tax agreement, as modified by the BEPS multilateral instrument.

On March 18, 2020, the Belgian tax authorities announced the postponement of various value-added tax filing and payment deadlines to support companies during the coronavirus crisis.

On April 29, 2020, the Belgian tax authority announced changes to the deadline for the submission of annual corporate tax declarations due to the COVID-19 crisis.

Hong Kong and India on March 19 signed an agreement to avoid double taxation and limit withholding tax rates on passive income at source.

Switzerland and Italy are to amend the customs status of the Italian enclave of Campione d'Italia.

The UAE's Federal Tax Authority (FTA) has changed the deadline for firms preparing to file a VAT return for the first time.

Businesses registered for the United Arab Emirates's value-added tax need to complete a four-step online procedure to file their tax returns, the Federal Tax Authority has said.

The first quarterly value-added tax filing deadline of April 29 is fast approaching in the United Arab Emirates, with more than 90,000 taxpayers said to be affected.

Hong Kong has signed a new free trade agreement with the Association of Southeast Asian Nations, which is expected to become effective from January 2019.

The EU's new free trade agreement with Japan, finalized by negotiators from both sides on December 8, 2017, has been described as the European bloc's most comprehensive yet.

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Highlights: Infants conceived through IVF can have a higher risk of death than infants conceived naturally This

Highlights : In India, over 17,265 confirmed novel coronavirus disease (COVID-19) cases and 543 deaths as of yesterd

The UK Government on January 10, 2020, released the synthesized text of the 1987 Belgium-UK double tax agreement, as modified by the BEPS multilateral instrument.

In response to the coronavirus outbreak, the Maltese Government has announced deferrals for the payment of a number of taxes.

Canada, Mexico, and the US have signed an agreement on amendments to their proposed new trade pact.

On January 16, 2020, the US Senate voted to approve the US-Mexico-Canada Agreement, which will replace the existing North American Free Trade Agreement.

South Africa, Jersey, and Belgium are among a handful of territories that have recently announced an extension to the due date for country-by-country reports under the new frameworks being introduced under Action 13 of the OECD's base erosion and profit shifting Action Plan.

On April 17, 2020, the President of Poland signed legislation into law to extend transfer pricing documentation deadlines, as part of a package of additional COVID-19 economic support measures.

The United Arab Emirates' Federal Tax Authority has announced changes to value-added tax filing and payment deadlines, for tax periods that ended on March 31.

On April 29, 2020, the Belgian tax authority announced changes to the deadline for the submission of annual corporate tax declarations due to the COVID-19 crisis.

Soy is widely viewed as a healthful food. However, whether intake of soy products (unfermented and fermented) is associated with longer life expectancy is unclear.

Independent of obesity, sugar-rich foods were found to have a negative impact on health, reported a study led by the MRC London Institute of Medical Sciences, UK.

Air pollution kills millions of people day-by-day. Breathing dirty air also increases the global burden of asthma, respiratory diseases, heart diseases,

Living in highly polluted areas can put heart transplant recipients at a higher risk of developing infections, thereby leading to death. The findings

In cities, the daily exposure to ground level ozone is associated with a higher risk of death, revealed study published by The BMJ today. The findings