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Rebutting criticism that proposals in the Budget for 2015-16 are pro-corporate and anti-poor, government today said the views are "completely wrong and ill founded" and not backed by any data. "They (critics) are completely wrong...it is ill founded, misguided and certainly not backed up with any data," Minister of State for Finance Jayant Sinha told PTI in an interview. He was responding to the ...
Indians holding black money abroad will be given a last chance to disclose their overseas bank accounts or wealth to the government and avoid a jail term. Revealing this, Minister of State for Finance Jayant Sinha today said the failure to unveil assets abroad will invite a rigorous jail term of up to seven years, while concealment of income and tax evasion would result in 10-year imprisonment. ...
Gold premiums in top consumer India could jump to as much as $5 an ounce over world prices next week, from being almost at par, after Finance Minister Arun Jaitley surprised jewellers by maintaining import duty at a record level in Saturday's budget.The wedding season that extends to May typically raises gold demand, but many had delayed purchases expecting a cut in the 10 percent tax. Buying had been ...
The government will introduce gold deposit accounts to utilise the 20000 tonnes of gold available within the country and launch a sovereign bond as an alternative to buying the metal, moves that are likely to cut imports into the biggest gold consumer. Finance Minister Arun Jaitley however did not make any mention of cutting the 10 percent import duty in his speech on Saturday unveiling the budget ...
Rebutting criticism that proposals in the Budget for 2015-16 are pro-corporate and anti-poor, government today said the views are "completely wrong and ill founded" and not backed by any data. "They (critics) are completely wrong...it is ill founded, misguided and certainly not backed up with any data," Minister of State for Finance Jayant Sinha told PTI in an interview. He was responding to the ...
By Laurence Frost PARIS (Reuters) - The mass-market convertible car emits its last gasp this week at a Geneva motor show bristling with sport utility vehicles and low-cost models -- more evidence of the pragmatism of European consumers marked by years of austerity. Mainstream brands from Peugeot to Volkswagen are quietly axing cabriolets, as customers with cash to spend increasingly plump for a ...
A new range of futuristic furniture has been developed that can charge smartphones, which that will bring an end to wire-filled rooms. Swedish firm, Ikea, has become the first in the UK to launch a revolutionary range of furniture with built-in wireless charging spots, the Daily Star reported. The phone-boosting fittings include tables, lamps and bedside cabinets. The new range will go on sale next ...
In his 50 years at the helm of Berkshire Hathaway Inc, Warren Buffett has transformed a failing textile company into a sprawling conglomerate that has vastly outperformed most of the rest of corporate America.But he now says: Do not expect a repeat of that outperformance in the next 50. In the 84-year-old's annual shareholder letter released on Saturday, Buffett said Berkshire has grown so large - ...

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 ...
Indian businesses, recovering from years of sluggish growth, welcomed budget plans on Saturday that will cut the corporate tax rate and introduce a single national goods and services tax (GST) to replace a complex array of local duties. Executives said measures announced by Finance Minister Arun Jaitley in the budget for the coming fiscal year should help rekindle growth, though questions remained ...
REUTERS - ** Indian bonds and rupee seen range-bound after 2015/16 budget largely seen as delivering mixed bag. ** India's budget seeks an additional year to meet its medium fiscal deficit target in order to allow it to focus on economic growth by ramping up investments. ** Benchmark 10-year bond yield seen in a 7.65 to 7.80 pct range ** The partially convertible rupee seen moving in 61.50-62.20 ...
Rebutting criticism that proposals in the Budget for 2015-16 are pro-corporate and anti-poor, government today said the views are "completely wrong and ill founded" and not backed by any data. "They (critics) are completely wrong...it is ill founded, misguided and certainly not backed up with any data," Minister of State for Finance Jayant Sinha told PTI in an interview. He was responding to the ...
Weakness in China's vast manufacturing sector, aggravated by high real borrowing costs and weak demand, appears to have driven the central bank to accelerate the pace of monetary easing to ward off deflation in the world's second-largest economy.Cuts to benchmark lending and deposit rates, announced by the People's Bank of China (PBOC) on Saturday evening, pre-empted official data released on Sunday ...
By Laurence Frost PARIS (Reuters) - The mass-market convertible car emits its last gasp this week at a Geneva motor show bristling with sport utility vehicles and low-cost models -- more evidence of the pragmatism of European consumers marked by years of austerity. Mainstream brands from Peugeot to Volkswagen are quietly axing cabriolets, as customers with cash to spend increasingly plump for a ...
REUTERS - Finance Minister Arun Jaitley on Saturday unveiled a budget that aims to ramp up growth, aided by a slowed pace of fiscal deficit cuts and a raft of tax measures to put private domestic and foreign capital to work. In his first full-year budget since Prime Minister Narendra Modi's landslide election victory last May, Jaitley said India's economy was about to take off. Modi tweeted that ...
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