CTT to badly hit commodities mkt: Sharekhan
Top Headlines by Moneycontrol
Sarvendra Srivastave, Senior Technical Analyst, Sharekhan feels that the impact of the Commodities Transaction Tax (CTT) is going to be bad. "We haven't been given any options or any other products that we were expecting prior to the launch of the Budget. At the same time, we have been also slapped with CTT, extremely bearish," he said.
BHEL loses further ground
Top Headlines by Moneycontrol
At 11:47 am, Bharat Heavy Electricals, BHEL was quoting at Rs 2,150, down Rs 132, or 5.78%. It has touched an intraday high of Rs 2,235 and an intraday low of Rs 2,145.90. It was trading with volumes of 66,380 shares.On Friday the share closed down 1.79% or Rs 41.60 at Rs 2,282.
Reliance Industries continues to down
Top Headlines by Moneycontrol
Reliance Industries has slipped further today. At 11:52 am, the share was quoting at Rs 2,347, down Rs 111.25, or 4.53%. It was trading with volumes of 337,951 shares. On Friday the share closed down 3.09% or Rs 78.45 at Rs 2,458.25.
ITC rolls down
Top Headlines by Moneycontrol
At 11:51 am, ITC was quoting at Rs 194.55, down Rs 7.6, or 3.76%. It has touched an intraday high of Rs 198.40 and an intraday low of Rs 190. It was trading with volumes of 1,716,560 shares. On Friday the share closed up 0.07% or Rs 0.15 at Rs 202.15.
Bharti Airtel dips further
Top Headlines by Moneycontrol
Bharti Airtel has continued to down. At 11:55 am, the share was quoting at Rs 788.50, down Rs 37.1, or 4.49%. It was trading with volumes of 70,533 shares. Yesterday the share closed down 2.23% or Rs 18.85 at Rs 825.60.
Budget good for Maruti, Dabur, Ranbaxy, HUL
Top Headlines by Moneycontrol
Budget is good for twowheelers, some of the small car manufacturers, some FMCG space and in the pharma space, might be good for companies like Ranbaxy Labs. Good for Maruti, Tata Motors, Hero Honda and Bajaj Auto.
Intel announces Intel Atom™ Brand for lowpower processor
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Intel announces Intel® Atom™ Brand for new family of lowpower processors
Fed may cut 50 bps in March: Stan Chart
Top Headlines by Moneycontrol
Callum Henderson, Head of Forex at Standard Chartered is expecting a 50 bps rate cut by Fed in March. He adds that dollarrupee targets are at 40.5, 40.73 and 41 at various resistance levels. 104 is yen target to the dollar by March end, he says.
Bajaj Allianz Life crosses 3mn policies in this FY
MoneycontrolTop Headlines by Moneycontrol
Bajaj Allianz Life Insurance company crossed another major milestone this financial year and issued over 30 lac individual policies YTD. Have issued over 60 lac individual policies since inception in October 2001. Bajaj Allianz Life Insurance is the only private sector life insurance co. to cross this milestone in a financial year.
Rupee ends lower, bonds higher
Top Headlines by Moneycontrol
The Indian rupee fell to over a five monthlow against the US dollar today, as a wave of risk aversion spilled over from the US into the local stock market, weakening the bourses and sparking fears of portfolio fund outflows.
Budget philosophy sound: FM tells India Inc
Top Headlines by Moneycontrol
There can be relief for industry, but no revision in the underlying philosophy of the budget, the Finance Minister has declared.
Has Budget made life tougher for MAs?
MoneycontrolTop Headlines by Moneycontrol
Has the Budget made life tougher for mergers and acquisitions, especially, for overseas buyers and sellers of Indian assets? There\'s been a minor change in fineprint, but no major change in law, reports CNBCTV18.
'We wanted to reward taxpayers'
The hike in the exemption limit from Rs 1,10,000 to Rs 1,50,000 is a fair one. We wanted to give something substantial back to taxpayers as a reward. It will not take much time for these people to come back to the tax bracket again, as salaries are rising by 15-20 per cent annually.
Sixth Pay Commission impact may top Rs 20,000 crore
The impact of the impending Sixth Pay Commission recommendations is expected to be within 0.4 per cent of Gross Domestic Product, according to finance secretary D Subbarao.
India no longer top outsourcing destination?
India's dominance as a low-cost outsourcing destination seems to be on the decline, with countries like China, Morocco and Hungary fast emerging as the preferred choices by IT services providers, a recent study says.
Focused on UK's top IT service providers, a study by Pierre Audoin Consultants (PAC) showed that China, Morocco and Hungary are the new locations of choice to set up offshore sourcing centres. source- Rediff Business
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