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India

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  • Union Budget 2014: Supply-side constraints rightly attacked, says Dipen Seth

    11 July, 2014 11:25 AM 6

    Dipen Shah Kotak Securities “The FM has, expectedly, used the budget to lay down the road map for the economy over the next few years. Various initiatives have been announced towards this goal. Plan expenditure is budgeted to grow by 20% YoY. Infrastructure and manufacturing, which can create several jobs, have received significant attention. FDI limits

  • National War Memorial: What It Could Look Like

    11 July, 2014 11:24 AM 9

    New Delhi: The Ministry of Defence will soon invite international bids for constructing the National War Memorial at Prince's Park, near India Gate in the heart of the capital, after the NDA government cleared the decks for the project. Finance Minister Arun Jaitley, while presenting the maiden budget of the Narendra Modi government yesterday, had set aside

  • A Detailed Analysis!

    11 July, 2014 11:23 AM 9

    The newly elected government presented its first union budget in the backdrop of huge expectations, given the thumping mandate given by the people of India. The attached report by KPMG gives us a detailed analysis of the first Modi Budget! Disclaimer: The information/opinions expressed in this report/newsletter are those of the author. This website has not verified

  • Union Budget 2014-15: Disappointed with increase in dividend distribution tax

    11 July, 2014 11:22 AM 6

    I see the budget incrementally more positive for hitherto laggard sectors like real estate, infrastructure, coal mining and power as well as infrastructure financing companies/ banks. It is also positive for discretionary consumption sector. It is neutral for IT and pharmaceuticals while being somewhat negative on the tobacco sector due to higher taxation

  • Govt plans Rs 39k-cr cap infusion in BSNL, MTNL over 5 yrs

    11 July, 2014 11:21 AM 10

    Acknowledging that both BSNL and MTNL are currently in financial distress, the government today said it is "quite serious" to restore the health of the two telecom services providers by adopting various measures like a whopping Rs 39,458 crore fresh investment over five years. "Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL)

  • Chennai Building Collapse: Commission to Submit Report in Two Months

    11 July, 2014 11:20 AM 13

    Chennai: The commission appointed by the Tamil Nadu Government to probe a building collapse near Chennai which claimed 61 lives will submit its report in two months. The commission today inspected the site, where the 11-storeyed building collapsed on June 28. The commission, headed by retired Madras High Court Judge R Reghupathy and other government

  • India's sugar policy, world prices, hinge on delayed rains

    11 July, 2014 11:19 AM 27

    Uncertainty over progress of the delayed monsoon is complicating India's sugar policy, raising the risk it will halt sugar export subsidies in a move that would buoy world prices. A poor monsoon season cuts exports, stokes food inflation and leads to lower demand for industries ranging from automobiles to consumer goods, while even a slow start can delay

  • Air India joins Star Alliance, flyers to benefit from today

    11 July, 2014 11:18 AM 4

    NEW DELHI: In a move with several benefits for the India globetrotter, Air India on Friday joined Star Alliance, the world's largest network of airlines with 27 members. Now, AI flyers from Friday itself will be able to earn-and-burn miles on any member carrier, apart from enjoying seamless connectivity across the globe and having access to lounges at all airports

  • Six Suspected Naxalites Detained Under National Security Act

    11 July, 2014 11:15 AM 9

    Dharmapuri, Tamil Nadu: Six suspected Naxalites, who were recently arrested in Dharmapuri, Tamil Nadu, were today detained under the National Security Act. District Collector K Vivekanandan issued the order today to detain the six men. Investigations had found that the six, who were arrested on June 28 and lodged in Salem Central Jail, had allegedly

  • Sensex crashes to 5-week low, down 348 pts; BHEL tanks 8%

    11 July, 2014 11:13 AM 24

    The market closed at five-week low with the 30-share BSE Sensex falling 348.40 points or 1.37 percent to 25024.35 after hitting day’s low of 24978.33. The 50-share NSE Nifty hit an intraday low of 7,447.20, before closing at 7459.60, down 108.15 points or 1.43 percent compared to previous day’s value. The broader markets were down 3 percent. Lack of fresh