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New Delhi: The new norm for filing income tax returns, which has evoked angry protests, will be reviewed once Finance Minister Arun Jaitley returns from Washington, top officials said here on Saturday. "The finance minister spoke to me from Washington. He asked me to make the format simpler. He said the government must be proactive and he quickly decided to review the new income tax returns' format," ...
NTPC today signed a MoU with the Odisha government for setting up of an ITI (Industrial Training Institute) at an investment of Rs 7.72 crore in Ganjam district. The ITI would be established at Bhusanda in Shergarh area of Ganjam district. The ITI was expected to be operational during 2016-17 with all infrastructure in readiness. While Arvind Kumar, regional executive signed the agreement on behalf ...
Gold prices firmed up after brief pullback at the bullion market here today on fresh bout of buying from stockists and retailers supported by seasonal demand. In contrast, silver remained under selling pressure due to sustained speculative unwinding as well as subdued industrial support. Standard gold (99.5 purity) rose by Rs 60 to conclude at Rs 26,690 per 10 gm compared with Friday's close of ...
Gold prices recovered by Rs 85 to trade at Rs 27,075 per 10 gm at the bullion market on buying by jewellers and taking positive cues from the overseas markets. Silver remained under pressure and declined by Rs 100 to Rs 36,800 per kg. Traders said besides fresh buying by jewellers to meet wedding season demand, a firm global trend mainly contributed to the recovery in gold prices. Gold in New York, ...
(Recasts; updates with Carstens' quotes) By David Chance and Anna Yukhananov WASHINGTON, April 18 (Reuters) - The International Monetary Fund's member nations on Saturday warned of risks to the global economy from exchange rate shifts and geopolitical tensions as they took note of "moderate" global growth and "uneven prospects." While economies in developed countries have strengthened, some emerging ...
The Bharatiya Janata Party (BJP) on Saturday welcomed the government's move to review the new Income Tax Return (ITR) Forms that require disclosure of details regarding the bank accounts and foreign trips undertaken by an individual. BJP spokesperson Sambit Patra said Prime Minister Narendra Modi-led government at the Centre has always been saying that all procedures need to be simplified and especially ...
Prime Minister Narendra Modi's visit to Canada has generated business worth more than 1.6 billion Canadian dollars, according to official figures released by the Harper government here. Sixteen commercial agreements and announcements were made by Canadian and Indian companies and organisations during Prime Minister Modi's visit this week. The commercial agreements and announcements have a combined ...
By Norihiko Shirouzu BEIJING (Reuters) - Big may be beautiful, but Toyota Motor Corp's global design chief is betting that edgy is the way to go for the Japanese automaker's premium Lexus brand, specifically its signature 'spindle grille' design.     Tokuo Fukuichi, who is also Lexus' global chief, says the design shock-therapy gives the brand - and conservative Toyota more broadly ...

Today's picks

2013-02-19 18:00:00

NIFT Current: 5,898 (futures: 5,906) Target: NA Index remains range-bound between 5,870 and 5,925 with very nominal futures premium. The range today could be 5,850 or 5,950. Stop-loss shorts at 5,925 and stop-loss long positions at 5,975. A long 5,800p (19) and long 6,000c (21) could gain 10-12 if the market swings 50 points in either direction. STATE BANK OF INDIA Current price: Rs 2,263 Target price: ...

Today's picks

2013-02-09 18:00:00

NIFTY Current: 5,939 (futures: 5,964);Target: NAThe downtrend continued. Key support was tested at 5,930. A drop below 5,920 could mean a dip till 5,875. A bounce will hit resistance at 5,975-5,990. Futures premium has increased to 25, which may mean a pullback on short-covering. The bearspread of long 5,900p (48) versus short 5,800p (23) continues to look attractive.TATA STEEL Current price: Rs 390;Target ...
NTPC today signed a MoU with the Odisha government for setting up of an ITI (Industrial Training Institute) at an investment of Rs 7.72 crore in Ganjam district. The ITI would be established at Bhusanda in Shergarh area of Ganjam district. The ITI was expected to be operational during 2016-17 with all infrastructure in readiness. While Arvind Kumar, regional executive signed the agreement on behalf ...
Reliance Industries Ltd plans to restart its entire 1,400 retail fuel pump outlets in fiscal year ending March 2016, a report on the company website shows.The stations were closed in 2008 when global oil prices urged towards $150 a barrel and the government's subsidy to state fuel retailers knocked privately-owned retailers out of the market.Over 320 fuel outlets have already been restarted, a presentation ...
(Recasts; updates with Carstens' quotes) By David Chance and Anna Yukhananov WASHINGTON, April 18 (Reuters) - The International Monetary Fund's member nations on Saturday warned of risks to the global economy from exchange rate shifts and geopolitical tensions as they took note of "moderate" global growth and "uneven prospects." While economies in developed countries have strengthened, some emerging ...
WASHINGTON, April 18 (Reuters) - The following are highlights of the International Monetary Fund and World Bank meetings on Saturday in Washington, where finance ministers, central bankers and other top officials are gathering. NIGERIAN FINANCE MINISTER NGOZI OKONJO-IWEALA TO IMF STEERING COMMITTEE "While the low oil prices could boost growth, especially in advanced economies, the uncertainties ...
By Norihiko Shirouzu BEIJING (Reuters) - Big may be beautiful, but Toyota Motor Corp's global design chief is betting that edgy is the way to go for the Japanese automaker's premium Lexus brand, specifically its signature 'spindle grille' design.     Tokuo Fukuichi, who is also Lexus' global chief, says the design shock-therapy gives the brand - and conservative Toyota more broadly ...
Rolls-Royce said it had won a $9.2 billion order to supply engines for 50 A380 aircraft for Dubai's Emirates airline, providing a boost for the British company after a torrid year of profit warnings. Rolls-Royce said the order was the largest in its history, pushing its shares up 2.1 percent to 1001 pence in early trading, making it one of the biggest gainers on the FTSE 100 index. It is the first ...
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