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Compassion News
Taxing times for ITC That the Union Budget would announce an increase in taxes on cigarettes was a given, but the expectation was in the range of a 10-15 per cent rise. This year, however, the finance minister has imposed an ad valorem levy of five per cent on the maximum retail price (MRP) of cigarettes over 65 mm length. Over the years, the market has learnt to discount the rise in excise duties as ITC tends to expand
Gold loan companies: To shine, but not so bright
The gold lending business became attractive for investors a few years ago. Being backed by an asset like gold, the market perceived it to be low on risk. This was a valid argument in the times when
Commercial vehicle sales may come under pressure in FY13
The automobile industry has not had it easy this financial year, as rising interest rates and high petrol prices hurt demand. The commercial vehicles (CV) segment has also seen sales slowing in the
Australia's 30% mining tax is no big deal
India is hungry for coal, primarily to fire its power plants, cement and steel factories. Given the issues impeding the growth of coal mining here, most power companies have acquired assets in
Crude cess to eat into profitability of oil companies
Diesel price hike is the key
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