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Continuing its decline for the fourth trading session in a row, the rupee on Wednesday dipped by 10 paise to close at one-week low of 63.54 against the US dollar following distinctly weak trend in local equities amid sustained capital outflows.
Wed, 06 May 2015 19:06:00 +0530
It was carnage on Dalal Street. Equity benchmark indices ended at its lowest level in 2015 with the Sensex falling more than 700 points, triggered by FII taxation fears coupled with a surge in crude prices.
Wed, 06 May 2015 17:35:09 +0530
Finance Ministry on Tuesday clarified that LPG subsidy received by individuals in their bank accounts will continue to be exempt from income tax. The clarification follows doubts being raised by tax experts over an amendment in Finance Bill, 2015 that expanded the definition of taxable income to include subsidies, grants, cash incentive and duty drawback.
Tue, 05 May 2015 21:38:58 +0530
It was a choppy session on Dalal Street Tuesday after a sharp rally in previous session. Benchmark indices remained in a narrow range throughout the session and finally ended lower. Banking & financials and power stocks saw selling pressure while metals and energy shares supported.
Tue, 05 May 2015 16:49:32 +0530
He comes with over 26 years of experience across FMCG, fashion & retail sector.
Mon, 04 May 2015 18:57:53 +0530
The market was on fire fueled strongly by oil, FMCG and pharma stocks. The Sensex ended up 479.28 points or 1.8 per cent at 27490.59 and the Nifty scaled the 8300-level.
Mon, 04 May 2015 16:20:30 +0530
Government collected over Rs 6,96,200 crore revenue under the direct taxes kitty in the just concluded financial year 2014-15, about 14 per cent short of target.
Sun, 03 May 2015 20:34:38 +0530
The multi-billion deal for 36 Rafale fighter jets could see French defence major Dassault Aviation entering into a joint venture with state-run HAL or any private player to set up a base in New Delhi for augmenting its existing production line.
Sun, 03 May 2015 20:40:26 +0530
The Finance Bill 2015 was tabled in the Parliament today and was passed later with a voice vote. The Bill contains the government's tax proposals for the fiscal FY16.
Thu, 30 Apr 2015 19:51:10 +0530
An "extremely simplified" income tax return form will soon replace the controversial 14-page ITR that sought information like all bank accounts and foreign trip details, Finance Minister Arun Jaitley announced in the Lok Sabha on Thursday.
Thu, 30 Apr 2015 19:05:53 +0530
The government would now consult the RBI and come up with a detailed roadmap for a new debt management agency, Jaitley said.
Thu, 30 Apr 2015 18:57:03 +0530
Finance Minister Arun Jaitley withdrew the proposal from Finance Bill, 2015, and said the government, in consultation with the Reserve Bank, will prepare a roadmap to pursue a separate debt management agency later in line with the global practice.
Thu, 30 Apr 2015 18:11:25 +0530
Equity benchmarks continued their slide on Thursday, with the Nifty breaching the psychological 8200-mark and the Sensex slipping below 27,000. Brokers said concerns over earnings growth, macro recovery are prompting foreign institutional investors to head for other emerging markets which are doing better at the moment. In addition, unwinding of long positions because of derivatives expiry on Thursday.
Thu, 30 Apr 2015 16:53:45 +0530
The rupee weakened by 28 paise to 63.58 against the US dollar in early trade on Thursday at the Interbank Foreign Exchange due to month-end demand for the American currency from importers amid capital outflows.
Thu, 30 Apr 2015 10:09:45 +0530
Thu, 30 Apr 2015 07:54:07 +0530
According to the research firm, the partial unclogging of domestic policy logjam, focus on public investments in infrastructure, fall in food inflation and lower fuel prices along with improving income growth is likely strengthen aggregate demand.
Wed, 29 Apr 2015 16:52:54 +0530
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