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New Delhi: Seventy-two percent of the people feel satisfied with the performance of Prime Minister Narendra Modi, according to a survey on one year of his government, but the majority also sees no let-up in graft, and more seem opposed to than supportive of his controversial land acquisition bill. According to the survey conducted by Axis My India for IBN Network/#Modi365, the majority of the 20,000 ...
New Delhi: Finance Minister Arun Jaitley will on Monday address tax commissioners and director generals of income tax at their annual conference here that will deliberate, among other things, on strategies for providing a non-adversarial tax regime. The two-day conference will also be attended by Minister of State for Finance Jayant Sinha and Revenue Secretary Shaktikanta Das, and addressed by two ...
Government's ambitious gold deposit scheme can succeed only if depositors are paid a higher interest rate and banks are given more regulatory exemptions, Japanese brokerage Nomura said on Friday."Depositors want higher interest rates, while banks want regulatory exemptions. If these are provided, then the scheme may be successful," it said.Three days ago the government proposed a new scheme offering ...
Fewer auspicious days later this year compelled Ramesh Phalke, an auto company employee in Maharashtra, to hold his daughter's wedding in May. This bride was lucky because many other weddings will likely be postponed - to the dismay of the country's jewellers.Gold is an essential part of the bride's dowry in India and also a popular gift from family and guests at weddings. In fact, Kerala uses up to ...
* Nikkei's rally longest since last December * SMK, Marubeni up on better shareholder return hopes * Tepco soars on report of contract for reactor in Qatar By Ayai Tomisawa TOKYO, May 25 (Reuters) - Japan's Nikkei share average rose for a seventh day, hitting a fresh 15-year high on Monday morning, helped by ongoing optimism for higher shareholder returns and the recovering economy. ...
By Engen Tham and Deena YAO SHANGHAI/HONG KONG (Reuters) - When Chinese flight booking operator Baitour needed cash to grow its business last year, it opted against using Industrial and Commercial Bank of China, its long-term lender and the world's largest bank, turning instead to Internet finance startup Jimu Box. For Baitour, getting funds via Jimu Box, a peer-to-peer (P2P) online platform that ...
Finance ministers from the world's largest developed economies meet in Germany this week against a backdrop of faltering global growth, scant inflationary pressures and a bond market in turmoil.High on their agenda -- even if unofficially -- will be Greece and how it can stay in the troubled euro zone. Figures due on Friday from the United States that will almost certainly show the world's biggest ...
As part of his quest for a mega merger, Fiat Chrysler Automobiles Chief Executive Sergio Marchionne sent an email to General Motors Co Chief Executive Officer Mary Barra in March suggesting combining the automakers but was rebuffed, the New York Times reported on Saturday.Quoting two people with knowledge of the email, the Times said it detailed how global carmakers needed to consolidate to save money ...

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 ...
* Nikkei's rally longest since last December * SMK, Marubeni up on better shareholder return hopes * Tepco soars on report of contract for reactor in Qatar By Ayai Tomisawa TOKYO, May 25 (Reuters) - Japan's Nikkei share average rose for a seventh day, hitting a fresh 15-year high on Monday morning, helped by ongoing optimism for higher shareholder returns and the recovering economy. ...
By Lisa Twaronite TOKYO (Reuters) - Asian shares got off to a lacklustre start on Monday, after rising inflation and a hawkish tone from the U.S. Federal Reserve Chair rekindled expectations that the Fed is on track to hike interest rates. Activity was likely to be thin this session, as UK and U.S. markets are shut on Monday for the Spring Bank Holiday and Memorial Day respectively. European centres ...
By George Georgiopoulos and Kylie MacLellan ATHENS/LONDON (Reuters) - Greece cannot make debt repayments to the International Monetary Fund (IMF) next month unless it achieves a deal with creditors, its interior minister said on Sunday, the most explicit remarks yet from Athens about the likelihood of default if talks fail. Shut out of bond markets and with bailout aid locked, cash-strapped Athens ...
The United States is optimistic a deal to set up a free trade zone across the Pacific will be concluded soon, with sensitive issues likely to be ironed out when its Congress resumes sessions, the top U.S. trade official said on Sunday."We are very much in the end-game," U.S. Trade Representative Michael Froman told reporters after a two-day trade ministers' meeting on the Philippine island of Boracay."Our ...
As part of his quest for a mega merger, Fiat Chrysler Automobiles Chief Executive Sergio Marchionne sent an email to General Motors Co Chief Executive Officer Mary Barra in March suggesting combining the automakers but was rebuffed, the New York Times reported on Saturday.Quoting two people with knowledge of the email, the Times said it detailed how global carmakers needed to consolidate to save money ...
US Justice Department investigators have identified criminal wrongdoing in General Motors Co's failure to disclose a defective ignition switch, and they are negotiating what is expected to be a record penalty, the New York Times reported on Friday.Citing people briefed on the inquiry, the Times said a settlement could be reached as soon as this summer. The final number is still being negotiated, but ...
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