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Invest in SBI Unit Plus III ULIP Plan and save tax + Guaranteed Growth Potential + Tax Free returns + Life Insurance + tax free partial withdrawal facility + switching between equity and debt allowed + Suitable for long term planning like daughter's marriage, son's higher education + your own retirement planning or any other unseen expenses - Highly Recommended.                  For more details or to invest, call 09810800392 or email us at contact@investmentkit.com                              

 


Archive for June 23rd, 2009

Budget: Investment in NPS will get tax exemption

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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Mirae Asset Short Term Bond Fund

Mutual Fund
Mirae Asset Mutual Fund

Scheme Type
Open Ended

Scheme Category
Income

Launch Date
23-Jun-2009

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MFs’ profits take a hit on rising debt assets

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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Distributors to boycott products sale

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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Sensex falls 309 points on global cues

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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Rupee at 5-week low as Asian stocks fall

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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Tourism sector seeks 10-year tax holiday for new hotels

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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PSUs doing well, no need for disinvestment: Trade unions

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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Air India set to cut wages, stir looms

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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India pays penalty for not using loans from agencies

An internal assessment of the finance ministry has revealed that many of its past projects are running far behind schedule.
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Crude at $70 creating pressure

State-run fuel retailers have started posting losses on motor fuels once again.
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Govt may raise gas price by 17%

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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B K Modi plans $1 billion IPO

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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India, China to cushion recession: World Bank

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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PwC to up India staff by over 50%

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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Edible oil prices dip as demand falls

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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Texmaco puts restructuring plans on hold

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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Govt may slap safeguards duty on steel

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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Need for simplified, revised income-tax regulations

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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Sensex opens 260 pts down; Nifty 37 pts lower on weak global cues

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