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 [...]
The downslide on Dalal Street did not spare big names in 2011 but small stocks lived up to their nomenclature with a much more sickening slump. Investment in mid-cap companies also turned out to be messy affair. As the year 2011 draws to an end, the market metrics suggest wide under-performance by mid-cap and small-cap [...]
Banks, in an attempt to increase the inflow of foreign funds are hiking the NRE deposit rates. The hike is considerable enough and is likely to lure customers to invest with the banks. Lenders like YES Bank, Karnataka Bank, South Indian Bank and Federal Bank have already increased their NRE rates. Recently, some more banks [...]
The market closed at 28-month low on Tuesday after it broke the important technical level of 4550. The fall in index heavyweights in the last hour of trade — and even considering fall over 1000 points on Sensex since last week — had investors running for cover. Moreover, today’s fall was despite not-so-bad global markets. [...]
India’s industrial output shrunk by 5.1 per cent in October after witnessing a sustained slowdown over the past few months, led by a steep fall in production of almost all sectors, particularly manufacturing, mining and capital goods. Factory output, as measured by the Index of Industrial Production (IIP), had grown by 11.3 per cent in [...]
The company is exploring a model on the lines of international chains McDonald’s and Dominos Pizza, with a standardised menu and delivery service Energy major Reliance Industries has reportedly plans to enter the fast-food business next year. According to reports, the company is exploring a model on the lines of international chains McDonald’s and Dominos [...]
With the entry of foreign supermarket players, farmers across India’s six lakh villages stand to gain from greater market access, higher profits, better technology and direct linkage with consumers. "Direct purchase from farms has hugely benefited small farmers like us who were not getting good returns by selling in the local mandi," said Abdul Majid, [...]
He’s never away from the glare. Whether he’s coming out of a hospital holding his granddaughter, a midnight stroll to Siddhivinayak temple or even a simple tweet on Aishwariya’s daughter – people just cannot seem to have enough of Amitabh Bachchan. There’s very little that one doesn’t know about Big B – his films, his [...]
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Budget 2012: Income tax exemption limit raised to Rs 2 lakh
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 [...]
Budget 2012: MPs want IT exemption limit hiked to Rs 5 lakh #Budget2012
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 [...]
Economiv Survey says India set to step off agony path
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 [...]
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