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Govt is set to frame anti-abuse rules that will empower tax authorities look for ‘avoidance’ transactions.
Plan tax investments early I Get ready to file your IT returns
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The increase in the demand for housing in the past one month appears to be restricted to new projects.
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Mumbai International Airport (MIAL), a joint venture between Hyderabad-based GVK group-led consortium and Airports Authority of India (AAI), has decided to sell around 200 acres in the western suburbs of the city.
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More than anybody else, mutual funds would be eagerly awaiting a revival in the primary market that would help them free up their investments in equities of unlisted companies.
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At the heart of Religare AGILE’s investment strategy is an unpublicised mathematical algorithm that chooses only 11 stocks to invest in.
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The Bombay Stock Exchange’s benchmark Sensex fell by over 100 points in early trade on Wednesday on selling by funds and retail investors, influenced by the weak trend in the global markets.
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The contractual workers of Air India and its management will meet the chief labour commissioner on Wednesday for another round of talks over the workers’ demand of better pay and other facilities.
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The Indian rupee depreciated by 12 paise against the dollar in early trade on Wednesday on increased demand for the US dollar from refiners and importers.
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After a disappointing performance in 2008 due to the stock market downturn, around 100 equity funds have gained over 50% in the last six months helping asset management companies to share profits with investors.
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Tata Motors has plans to use its Nano platform to build electric and hybrid cars and to produce more high-end models.
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Kingfisher Airlines, which is actively looking for an equity infusion, is said to have received an expression of interest from Indigo Partners, a US-based airline investor.
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Corporate affairs minister Salman Khursheed said government wants to ensure that small retail investors are fully aware of the financial and other crucial details of companies so that they can make informed decisions.
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Government is considering to restore 4 percentage points excise duty on steel and cement in the Budget, which was removed as part of stimulus packages.
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The ministry has also recommended that the income tax exemption limit om rental income be raised to 50% from the existing 30%.
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The government could reduce nearly by half the import duty levied on heavy and light equipment used for mining coal in line with the renewed focus on raising output of the fuel which accounts for approximately 60% of domestic energy supplies.
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The government is weighing the option of allowing export of wheat and rice but will study threadbare the demand and supply situation before arriving at a final decision, commerce ministry sources said.
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At 9:58 am,the 30-share BSE index was down 0.4% at 14,897.91 points, with 17 stocks declining, after opening up 0.1%
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The increase was necessitated by a sharp hike in aviation turbine fuel (ATF) prices by 33 percent since March this year, a Jet Airways spokesperson said.
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The government is weighing the option of allowing export of wheat and rice but will study threadbare the demand and supply situation before arriving at a final decision, commerce ministry sources said.
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President Barack Obama to unveil overhaul of US financial regulation; Asia shares mostly fall on recovery worries; Bric nations demand more clout but steer clear of dollar; US housing starts jump, industrial production declines
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