InvestmentKit.com Articles

Contributions to NPS are expected to be clubbed in the cumulative savings up to Rs 1 lakh exempted from tax under Section 80 C of the Income Tax Act.
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Mutual Fund
Mirae Asset Mutual Fund

Scheme Type
Open Ended

Scheme Category
Income

Launch Date
23-Jun-2009

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Revenues fell due to more money flowing into money mkt and debt schemes than equity. Gainers: BSE ( A, B ), NSE | Losers: BSE ( A, B ), NSE I 52 Week: High, Low
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General (non-banking) distributors of mutual fund schemes are up in arms against the recent Sebi directive, giving investors the right to negotiate commissions while buying MF products through them.
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The 30-share index, which had lost over 195 points on Monday, fell further by 309.27 points at 14,016.95.
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The rupee reached a five-week low on Tuesday on expectation local shares will fall, following the lead of Asian stocks, triggering concerns of foreign fund outflows.
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Ten-year tax holiday for new hotels is the part of the industry wishlist that tourism minister Kumari Selja will be putting before finance minister Pranab Mukherjee.
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As the Manmohan Singh-led government contemplates announcement of stake sale in PSUs, which could come as early as the forthcoming budget, the trade unions are again up in arms against disinvestment.
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The fate of passengers scheduled to fly Air India July 1 onwards seems as uncertain as that of the airline itself with unions threatening to go on strike to protest wage cuts.
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An internal assessment of the finance ministry has revealed that many of its past projects are running far behind schedule.
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State-run fuel retailers have started posting losses on motor fuels once again.
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Government may hike the price of natural gas produced by ONGC and Oil India by over 17% and index it to inflation rate.
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Indian billionaire Bhupendra Kumar Modi said his holding company plans to raise about $1 billion in an initial public offering after scrapping a share sale in Dubai.
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Warning that the world is entering an era of slower growth, the World Bank on Monday said that without India and China, the developing countries’ output would shrink 1.6%.
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The Satyam fiasco notwithstanding, India has emerged as the fastest growing market in the international network of leading global professional services firm PricewaterhouseCoopers.
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A glut like situation in edible oils created from large imports and low consumer offtake has put a downward pressure on prices.
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K K Birla Group has put on hold the much talked about restructuring of engineering flagship Texmaco and instead decided to raise resources directly for the company.
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Sources said the duty, if imposed, would be equal to the difference between the landed price of imported steel and domestic price of Rs 27,000 per tonne.
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Direct tax laws, encompassing both the I-T Act and the rules as they stand today, are truly baffling with a plethora of interwoven sections, subsections, clauses, subclauses, cross references, explanations and provisos
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