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Indian Railway Finance Corporation offers tax-free bonds
Indian Railway Finance Corporation Limited (IRFC), the financing arm of Indian Railways, is proposing to issue tax free, secured, redeemable, non-convertible bonds of face value of Rs. 1,000 each in the nature of debentures, having benefits under Section 10(15)(iv)(h) of the Income Tax Act, 1961. The Issue will open for subscription on January 27 and close on February 10 or earlier (subject to the
Indian Railway Finance Corporation Limited (IRFC), the financing arm of Indian Railways, is proposing to issue tax free, secured, redeemable, non-convertible bonds of face value of Rs. 1,000 each in the nature of debentures, having benefits under Section 10(15)(iv)(h) of the Income Tax Act, 1961. The Issue will open for subscription on January 27 and close on February 10 or earlier (subject to the
Mumbai CBI sleuth awarded Police Medal
A CBI inspector, who cracked several major corruption cases has been awarded Police Medal for meritorious services in the Republic Day honours, an official said here Wednesday.
A CBI inspector, who cracked several major corruption cases has been awarded Police Medal for meritorious services in the Republic Day honours, an official said here Wednesday.
Bankers: Interest rate easing, but with a lag
After nearly two years, the stage is set for lending rates to come down. With the Reserve Bank of India (RBI) slashing the cash reserve ratio (CRR) by 0.5 per cent, thereby signalling a reversal of
After nearly two years, the stage is set for lending rates to come down. With the Reserve Bank of India (RBI) slashing the cash reserve ratio (CRR) by 0.5 per cent, thereby signalling a reversal of
Sensex holds gains, stays above 17,000; Nifty up 89 points
Thanks to sustained buying in bank, capital goods, metal and realty stocks, the market, which rallied sharply following the Reserve Bank of India cutting CRR by 50 basis points, remains high up in
Thanks to sustained buying in bank, capital goods, metal and realty stocks, the market, which rallied sharply following the Reserve Bank of India cutting CRR by 50 basis points, remains high up in
Restructured loans' share to rise to 7-8% in 2012
Rating agency Fitch on Monday said big-ticket debt recasts for airlines and struggling state power utilities in India may increase the share of restructured assets in credit to over seven per cent
Analysts' corner
TATA MOTORS
Reco price: Rs 214;
Target price: Rs 172
JLR’s December volumes, 30,981 units, were significantly ahead of
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