Housing tax benefit may not be extended if not passed on: FM
Having given tax holiday to builders, Finance Minister Pranab Mukherjee today warned that if the incentives are not passed on to the consumers the same may not be extended in future.
Archive for July 29th, 2009
Govt to come up with Direct Tax Code draft soon
The government would come up with a Direct Tax Code draft for simplification of tax regime next month, Finance Minister Pranab Mukherjee told the Rajya Sabha today.
Common mistakes while filing I-T return
Some points to be taken into consideration to avoid committing mistakes while filing I-T returns. File your tax returns | ET Tax Special I Incomes that are not taxed in India
SEBI bars Stocknet International from trading in markets
Market regulator Sebi has barred software development firm Stocknet International and its directors – Ashutosh Bajpaye and Saumil Patel – from dealing in securities market for six months for allegedly making misleading announcements.
Downturn arrested; economy to maintain 6.7% growth: FM
With arrest of the downturn and revival in the manufacturing sector, finance minister Pranab Mukherjee on Wednesday said he expects the economy to grow by 6.7% in the current year.
Govt to come up with Direct Tax Code draft soon
The government would come up with a Direct Tax Code draft for simplification of tax regime next month, finance minister Pranab Mukherjee told the Rajya Sabha on Wednesday.
India to clock near 7% growth this fiscal: Deutsche Bank
The Indian economy is likely to grow close to 7 per cent in the current fiscal if the rains are normal, Deutsche Bank today said.
Hero Honda Q1 net zooms 83% to Rs 500cr
Hero Honda on Wednesday reported a 83.28% jump in its net profit to Rs 500.11 crore for the first quarter ended June 30, 2009.
Gold trades below 15k level
Gold prices on Wednesday tumbled by Rs 190 to close at Rs 14,990 per ten grams in the bullion market on heavy selling by stockists triggered by steep fall in the precious metal in overseas markets.
Realty, metals pull down Sensex
In volatile trading, the Sensex changed direction at least six times before ending with a loss of 158.48 points at 15,173.46.
Tata Steel Q1 net dips 47% to Rs 790cr
Tata Steel on Wednesday reported a 47% drop in net profit to Rs 789.83 crore for the first quarter ended June 30.
Sensex dips below 15K level as funds dump stocks
The 30-share index, which remained volatile in the early trade, plunged by 443.53 points to 14,888.41 points at 1245 hrs with most of heavyweight stocks trading in the negative zone.
Kingfisher Airlines posts FY09 loss, issues pay delay warning to staff
Kingfisher Airlines posted a net loss of 16.09 billion rupees on net sales of 52.7 billion rupees for the year-ended March 31, 2009.
Rupee falls by 21 paise in early trade
The Indian rupee fell by 21 paise against the dollar in early trade due to strong demand for the US currency from refiners and importers amid the greenback firming against other Asian currencies.
Manmohan defends move to improve ties with Pakistan
India broke off a five-year-long formal peace process after the attacks on Mumbai by Pakistan-based militants who India says must have been helped by Pakistani security agents
Tata Steel Q1 net down 47%, misses forecast
The company said standalone net profit fell to Rs790 crore for the fiscal first quarter ended June, from Rs1,488 crore reported a year earlier
Rupee falls to 1-wk low as stocks drop
The Indian rupee fell to a one-week low on Wednesday, dropping for a second straight session, as losses in local shares triggered dollar buying by banks.
Rupee closes at 48.42/43
The rupee ended at 48.42/43 per dollar, from previous close of 48.21/22.
Rupee weakenes as stocks drop
The rupee is trading weak with the downswing in stocks and strength in the dollar overaseas souring the sentiment for the local unit.
