Faced with higher excise duty on its SUV models, homegrown auto major Mahindra and Mahindra today said it will be compelled to consider modifying its products to align with the new specifications for lower duty.
Over 27,000 restaurants in Mumbai are likely to remain closed on Monday in response to a call by Indian Hotel and Restaurant Association (AHAR) to protest the imposition of service tax on partly air-conditioned restaurants in the Budget.
Shekhar Gupta, Editor-In-Chief, The Indian Express believes the Budget will be passed. However, after this initial noise and anger in the first half of this Budget session he is hoping to see some business getting transacted.
Budget 2013 had an interesting announcement for investors - launch of an investment that would help them go one up on inflation. Inflation-indexed bonds offer an ideal solution in times of high inflation, a problem plaguing the Indian economy for some time now. Read this space to know about Inflation-indexed bonds in detail.
The Standing Committee on Finance has called the government's move to impose additional tax on SUVs as discriminatory. Chairman of the Committee Yashwant Sinha has written to P Chidambaram opposing the move to Tax SUVs and he wants luxury cars to be taxed instead.
In a move that would help boost flow of overseas funds into Indian capital markets, regulator Sebi today allowed FIIs to offer government securities and corporate bonds as collaterals for their cash and derivative transactions on the stock exchanges.
Late management guru CK Prahalad in his last public lecture presented a vision for an inclusive India, an India with a robust economy, technological vitality and vibrant modern leadership. He called this vision India@75.
The finance minister (FM) needs a booming stock market to yoke the fiscal deficit. A buoyant market will help the FM reach disinvestment target of Rs 56,000 crore, rather easily besides making it even more attractive for foreign institutional investors (FIIs).
"Personally, my own strategy is to buy the dips. So with recent correction, we actually are highlighting India now as one of the four cheapest markets in the region," Sakthi Siva of Credit Suisse told CNBC-TV18 in an interview.
Liquidity has been the key driver of Indian market and will remain so going ahead, says Nandan Chakraborty of Axis Capital. However, he cautions that India is more vulnerable to global volatility compared to other emerging markets (EMs).
The Indian market was weak ahead of the Budget, but has been quite volatile after that, with earnings growth now being the main cause of uncertainty, says Clive McDonnell, head of EM equity strategy at Standard Chartered Bank, speaking to CNBC-TV18.