The tax season is here again. It’s time to dust up your older investment files, call your tax consultant to quantify the tax-saving investments to be made and decide where you wish to invest this year. Instead of conducting a meticulous exercise, however, most people simply jump at the first product pushed by their neighbour, [...]
Personal Finance Tips
It is time to start working on your tax savings. With just 2 months away from March 31, it is time to execute some action. Infrastructure bonds are gaining popularity as a tax saving instrument because of the recently introduced tax benefit under 80CCF. Under this Section of the Income Tax Act, an investor can [...]
Most of you must be recovering from the excesses of festivities. It is, therefore, hardly time to discuss tax planning. However, the trouble is that your employer would ask for your final tax-planning details in less than a month. If you want to avoid the last-minute rush, it is time to start giving final touches [...]
Budget 2012 - 13
Giving some relief to tax payers, finance minister Pranab Mukherjee today proposed raising the income tax exemption limit for individuals to Rs 2 lakh per annum from Rs 1.80 lakh. Unveiling the Budget proposals for 2012-13 in the Lok Sabha, he also increased the limit to Rs 10 lakh under the 20 per cent tax [...]
Ahead of the Budget, some members of a Parliamentary panel scrutinising the Direct Taxes Code (DTC) Bill today pressed for raising the income tax exemption limit to Rs 5 lakh per annum. The Standing Committee on Finance, which met under the chairmanship of senior BJP leader Yashwant Sinha, has decided to finalise its report by [...]
No Economic Survey in recent memory has talked of the “imperative” of building up foreign exchange reserves to prepare to deal with external shocks. With forex reserves at over $300 billion, that’s hardly surprising. Yet, the Survey presented by the finance ministry on Thursday has signalled caution. The warning is in keeping with the overall [...]
Indian Stock Market News
Feb 1. : Piramal Glass, Welspun corp, Lakshmi Prec., Kale consult Feb 2 : Corp. Bank, Mannapuram Fin., Piramal Health, Hexaware, EIH, Andhra Bank, ONGC Feb 3 : Rolta, Dr. Reddy Lab, Concor Feb 4 : India Info Feb 6 : HUL, Zydus Wellness, Spicejet, BGR Energy, Dena Bank Feb 7 : Radico Khaitan, Opto [...]
State-run power producer NTPC Ltd. is exploring opportunities in Africa to get coal blocks under bilateral pacts between India and mineral-rich countries. Chairman Arup Roy Choudhury also said Tuesday that NTPC’s capital expenditure in the financial year through March will be about 170 billion rupees ($3.38 billion), marking a sharp cut in spending plans, as [...]
Bajaj Auto on Tuesday led to rest all the speculation surrounding its ultra-low-cost-car programme by unveiling the four-wheeler RE60, which it feels will revolutionize mass transportation and change the way people commute within the city. Bajaj Auto said the four-wheeler will set "global benchmark" in carbon-di-oxide [CO2] emissions, with just 60gm/km and offer a mileage [...]
You can now hold your mutual fund units in a demat form, in the same way you hold your shares. The benefit of this is that it will enable you to get a single consolidated statement for your holding across shares and mutual funds. You can buy mutual funds through the stock exchange on either [...]
Most investors associate mutual funds with longterm investing, which is true for most cases. However, various fund schemes also provide lucrative short-term investment options. Some of these include liquid funds, ultra short-term funds and income funds, which invest in call money market and debt instruments, such as government securities, treasury bills, certificates of deposit, commercial [...]
HDFC Mutual Fund has announced the declaration of dividend on the face value of Rs. 10 per unit under dividend option under wholesale and retail plan of HDFC Quarterly Interval Fund – Plan C. The record date for dividend has been fixed as 8 August 2011. The quantum of dividend will be entire distributable surplus [...]
Sudarshan Sukhani, s2analytics.com is of the view that one can buy Canara Bank . Sukhani told CNBC-TV18, "In a remarkable rally that we are seeing almost everything looks good and that applies to Canara Bank. The stock has rallied from Rs 370-470 in just 10 days. Bank Nifty or lot of these midcap PSUs have [...]
The stock market is a vibrant place which is easily affected by various external factors such as, the overall global economic situation, and especially by the country’s economic standing. Even a remark by its spokesperson can affect this volatile market. As such when you plan to look for the best stocks to buy in 2012, [...]
KRChoksey is bullish on Glenmark Pharma and has recommended buy rating on the stock with a target of Rs 360 in its December 13, 2011 research report. “Napo Pharma has terminated its Collaboration Agreement with Glenmark Pharma in regards to the drug crofelemer which the company had in-licensed on 7th July 2005. The molecule had [...]
Reliance Communications is planning IPO for undersea cable unit in Singapore ? Telecoms company Reliance Communications is looking to raise about $1.5 billion through an initial public offering of its undersea cable unit in Singapore, a source with direct knowledge said on Wednesday. The debt-laden company, controlled by billionaire Anil Ambani, is planning to list the [...]
Just Dial has filed draft red herring prospectus with Securities Exchange Board of India for an initial public offering (IPO). The company plans to raise around Rs 360 crore through issue of 10,637,994 equity shares of Rs 10 face value. Citigroup Global Markets India and Morgan Stanley India are the book running lead managers; Karvy [...]
Auto-parts maker Tata Autocomp Systems plans to launch a more than 11 billion rupee initial share sale in the next 2-3 weeks, R.S. Thakur, managing director and chief executive, told Reuters on Tuesday. The firm plans to raise 7.5 billion rupees from a fresh issue of shares, he said.
Last Sunday, the 5th of February, was Super Bowl Sunday. And, with nearly 112 million people tuning in to watch the NFL or National Football League’s season finale on NBC, the Super Bowl set a new viewership record for the third year running. The finale also included the maximum commercial time ever with over 50 [...]
After clinching his seventh grand slam title at the Australian Open, tennis ace Leander Paes gets candid about his plans for the upcoming London Olympics. In a chat with Anuradha SenGupta, Paes serves up his views on Indian tennis, and discusses how he’s smashing his way on to the silver screen.
PREPARING FOR STARBUCKS’ ENTRY INTO INDIA THE CAFE COFFEE DAY MANAGEMENT IS WORKING OUT A STRATEGY TO GIVE STARBUCKS A RUN FOR ITS MONEY. THE STRATEGY INCLUDES EXPANDING COFFEE CHAINS, INTRODUCING NEW PRICE POINTS, AND CONSOLIDATING VENDORS… AND OF COURSE, LEVERAGING ITS CRITICAL MASS AND EXISTING WIDE PRESENCE.
Prime Minister Manmohan Singh has approved a plan that will see Coal India sign fuel supply agreements with power plants that have long-term PPAs and have been commissioned or would be by March 2015
Ajay Shethiya, Research Analyst at Centrum Broking spoke about Tata Motors Q3 results. He expected pressure on passenger vehicle portfolio for Tata Motors. “Sales in China and the rest of the world is likely to drive volume growth for Tata Motors,” he said.