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India to consider shifting dividend tax to investors from firms

NEW DELHI: India is considering changes to its dividend distribution tax, according to people with knowledge of the matter, in a bid to goad companies to boost spending and revive foreign fund inflows.

Japan steelmakers cut profit forecast as weak Asian markets trim margins

TOKYO: The top three Japanese steelmakers reduced their annual profit forecasts this month as slumping steel prices in Asia eroded their export margins while slower auto demand overseas and falling usage in machinery at home forced them to cut output.