 |
 Indian Economy |
| |
P Chidambaram backs cost-benefit analysis of regulations
P Chidambaram has backed prior assessment of the impact that policies and regulations are likely to have on all stakeholders, an exercise that will bring in more transparency in policy-making and make it more effective. Pitching for operationalising some elements of the Financial Sector Legislative ...
|
India, Thailand to speed up plan to construct trilateral highway
New Delhi and Bangkok will later this month discuss ways to expedite the completion of an ambitious trilateral highway from India’s northeast to Thailand via Myanmar. The highway, which the two nations hope would be ready by 2015, will spur growth in trade and investment in the region.
Besides the ...
|
Export parity pricing: Finance, oil ministries to await Parikh panel report
With the petroleum and finance ministries sparring over the estimated subsidy loss for oil marketing companies and export parity pricing, a truce was called at a meeting chaired by Prime Minister Manmohan Singh today.It was decided the current practice of trading parity pricing would be followed for...
|
'India never had it so good'
Prime Minister Manmohan Singh said today that Economic growth in 2013-14 would be better than in 2012-13 "and could exceed six per cent"."This will set the stage for trying to achieve the 12th Plan target of eight per cent (yearly) growth for the five-year period (till 2016-17). This, I recognise, w...
|
|
| |
| Global Economy |
| |
Survey shows China manufacturing contracting, adding to signs economy cooling
A survey shows China’s manufacturing contracted this month, adding to signs a fragile recovery in the world’s No. 2 economy is slowing.HSBC Corp. said Thursday the preliminary version of its monthly purchasing managers index fell to a seven-month low of 49.6 from April’s 50.4 on a 100-point scale. N...
|
US Senate panel passes immigration Bill; Obama praises move
A US Senate panel on Tuesday approved legislation to give millions of illegal immigrants a path to citizenship, setting up a spirited debate next month in the full Senate over the biggest changes in immigration policy in a generation.President Barack Obama, who has made enactment of an Immigration B...
|
EU leaders shine spotlight on Amazon, Google over tax policy
European leaders will discuss how to combat aggressive tax avoidance by major companies such as Amazon, Google and Apple at a summit on Wednesday, and cut the estimated Euro 1 trillion a year the EU loses to tax evasion or avoidance.The four-hour summit was originally called to discuss energy policy...
|
Bernanke offers no hint of pullback in Fed stimulus
The Federal Reserve's monetary stimulus is helping the US economy recover but the central bank needs to see further signs of traction before taking its foot off the gas, Fed Chairman Ben Bernanke said on Wednesday.In testimony that offered no sign that he is ready to retreat from the Fed's latest ro...
|
|
| |
| Market & Finance |
| |
Investors lap up Just Dial, IPO subscribed nearly 12 times
Just Dial successfully completed its IPO on Wednesday with itsRs 950-crore issue getting subscribed nearly 12 times. VVS Mani, the promoter, who started the company with Rs 50,000 in 300 sq ft of space, and who owns 33% stake in the company is now worth Rs 1,253 crore."This signals the investor appe...
|
Rupee slumps to fresh 6-month low at 55.46 Vs dollar
Inching closer to the 56-level, the rupee today weakened by five paise to hit a fresh six-month low of 55.46 on continued dollar demand from importers ahead of US Federal Reserve Chairman Ben Bernanke's congressional testimony.The local currency commenced better at 55.35 a dollar from last close of ...
|
L&T reels on Rs 17,000-cr cut in order book, costlier funds
Engineering major Larsen & Toubro (L&T) on Wednesday not only reported a poor set of numbers for the March 2013 quarter with net profit down 7% year-on-year, it sounded rather circumspect about the prospects for the current year. The cautious commentary coupled with the management ‘removing’ R17,000...
|
|
|
| |
| Commercial Laws |
| |
Oil retailers plunge on export parity pricing talks
Shares of oil marketing companies corrected sharply as the oil ministry today gave in-principal nod to export parity pricing model for petroleum products, which is likely to result in huge losses for these oil retailers.
Following the news, shares of OMCs like Hindustan Petroleum Corp , Bharat Petr...
|
Cabinet to look at new rules for acquisition, investment by PSUs
The policy for Central Public Sector Enterprises (CPSEs) to set up joint ventures or acquire companies is set to change.This was among various measures that were approved on Wednesday by a Group of Ministers (GoM) under the Chairmanship of Finance Minister P. Chidambaram.The group, in its two meetin...
|
|
| |
|
|
| |
| Indirect Tax |
|
|
| |
|
|
| |
|
|
|
| |
|
 |
|
|
| |
|
| |
 |
| Live Market |
 |
 |
|
Source - Yahoo India Finance @ 04:05 |
| NSE (NIFTY) |
5,967.05 |
|
| BSE (SENSEX) |
19,674.33 |
|
| NASDAQ |
3,498.97 |
|
| FTSE 100 |
6,696.79 |
|
| |
|
|
| |
 |
|
| USD |
55.72 |
|
| EURO |
72.05 |
|
| GBP |
84.17 |
|
| |
|
|
| GOLD (10 GRMS) |
|
|
| SILVER (1 KG) |
|
|
| CRUDE (1 BBL) |
|
|
| |
|
|
|
|
| |
|
|
| |
|
| |
|
| Notifications |
 |
|
| |
|
CUSTOMS
Notification No.21/2013-Customs
(Delhi) 22-05-2013
seeks to amend notification No. 12/2012-Customs, dated 17-03-2012...
|
Notification No.22/2013-Customs
(Delhi) 22-05-2013
Annual Supplement 2013 to Foreign Trade Policy (2009-14).
Regarding Exemption under the Export Promotion Capital Goods (EPCG)....
|
Notification No.23/2013-Customs
(Delhi) 22-05-2013
Annual Supplement 2013 to Foreign Trade Policy (2009-14).
Regarding Exemption under Post Export EPCG Duty Credit Scrip...
|
Notification No.25/2013-Customs
(Delhi) 22-05-2013
seeks to amend notification No. 12/2012-Customs, dated the 17th March, 2012...
|
Notification No.26/2013-Customs
(Delhi) 22-05-2013
seeks to amend notification No. 21/2012-Customs, dated the 17th March, 2012, so as to withdraw exemption of Special Additional Duty of Customs (SAD) on imports of brass scrap...
|
Notification No. 38/2013-Customs (N. T.)
(Delhi) 22-05-2013
Amends Notification No. 36/2001-Customs (N.T.), dated the 3rd August, 2001...
|
Notification No. 39/2013-Customs (N. T.)
(Delhi) 22-05-2013
Amends Notification No. 36/2001-Customs (N.T.), dated the 3rd August, 2001...
|
Notification No. 40/2013-Customs (N. T.)
(Delhi) 22-05-2013
Rate of exchange of conversion of each of the foreign currency with effect from April 19, 2013...
|
Notification No. 41/2013-Customs (N. T.)
(Delhi) 22-05-2013
Appointment of Common Adjudicating Authority...
|
Notification No. 42/2013-Customs (N. T.)
(Delhi) 22-05-2013
Appointment of Common Adjudicating Authority...
|
Circular No. 18 /2013-Customs
(Delhi) 22-05-2013
Regarding refund of 4% CVD (SAD)-Extension of time upto 30th September 2013, for using re-credited 4% CVD (SAD) amount in DEPB...
|
Circular No.19 / 2013 - Customs
(Delhi) 22-05-2013
Regarding classification of Filters referred to as “Disposable Sterilized Dialyzer” and “Microbarrier”: for filtering blood”...
|
Circular No. 20/ 2013 - Customs
(Delhi) 22-05-2013
Regarding Classification of the machines commercially referred to as "Tablet Computers"
...
|
|
|
|
|
| |
| |
|
| Indian Corporate |
 |
|
| |
Cement makers line up for PE deals to fund expansion
cement companies in India, which are on an expansion spree, have found a helping hand in private equity (PE) firms for funding their business plans. In the last couple of months, the industry has witnessed high demand for PE funding.In one of the largest PE deals this year, Baring Private Equity Asi...
|
Crisis in coal could drag growth to pits
With coal demand rising by over 10% annually and domestic supplies rising just 3-4%, India’s coal imports have grown at a compounded annual growth rate of 23% over the past five years. In terms of rupees, the increase in coal imports has been about 15% (CAGR) during these years.The coal import bill ...
|
Jet to seek Sebi exemption to divest promoter holding
Jet Airways promoter Tailwinds Limited is said to be looking at seeking an exemption from the Securities and Exchange Board of India (Sebi) for divesting equity shares of the company in order to comply with the minimum 25 per cent public floating requirement prior to the proposed preferential allotm...
|
L&T Q4 net down 7% to Rs 1,788 cr on high finance costs
Larsen & Toubro (L&T), the multinational conglomerate which is also the country’s largest engineering and construction company, says profit in the March quarter fell seven per cent, due to a sharp rise in interest cost.Despite a weak investment climate, it exceeded its order inflow target. The compa...
|
Daiichi pursuing legal action on ex-shareholders
Daiichi Sankyo, the Japanese parent of Ranbaxy Laboratories, today said it believes that certain shareholders of the Indian company concealed and misrepresented critical information. The company is now pursuing legal remedies.“Daiichi Sankyo believes that certain former shareholders of Ranbaxy conce...
|
|
|
|
|
| |
|
| Global Corporate |
|
|
| |
Sony to assess spin-off plan; cuts sales targets
Sony Corp cut its Sales Targets for digital cameras, smartphones and tablets by 13-17 per cent for the year to end-March 2015, but said there were "encouraging" signs of a revival in its electronics business.CEO Kazuo Hirai told a press briefing on Wednesday that Sony would assess a proposal from it...
|
|
|
|
| |
|
|