Jul 18, 2014 at 19:35 | Source: PTI
Indirect tax collections comprising excise, customs and service tax stood at about Rs 1.13 lakh crore in the first quarter of 2014-15 fiscal, as against Rs 1.08 lakh crore in the corresponding period a year ago, a finance ministry official said.
Jul 11, 2014 at 14:33 | Source: Moneycontrol.com
Sajjan Bhajanka of CenturyPly gives their take on Arun Jaitelys maiden Union Budget and their outlook on the road ahead for the Modi government.
Jul 11, 2014 at 13:50 | Source: Moneycontrol.com
Macquarie maintains an outperform rating with a target price of Rs 421 as it expects ITC to hike prices at 16 percent average to offset the additional duty burden and improve profitability. It estimates cigarette volumes to decline 4 percent in FY15E and thereby cuts FY15E and FY16E EPS estimates by 4-5 percent.
Jul 11, 2014 at 12:16 | Source: CNBC-TV18
Cigarette volumes may witness a de-growth of 4-5 percent in FY15, says Sanjay Manyal of ICICI Direct.
Jul 10, 2014 at 21:03 | Source: PTI
Finance Minister Arun Jaitley presenting his maiden Budget announced reduction of central excise duty on branded petrol from Rs 7.50 per litre to Rs 2.35 a litre.
Jul 10, 2014 at 18:09 | Source: CNBC-TV18
Cigarette major ITC closed with marginal gains but its rival VST Industries fell 18 percent and Godfrey Phillips India (GPI) lost nearly 5 percent on Thursday after the excise duty on cigarettes increased from 11 percent to 72 percent in Union Budget 2014-15.
Jul 10, 2014 at 14:58 | Source: CNBC-TV18
With the recent announcement on the extension of the excise duty cut, Goenka said there was not much to expect specifically for the auto sector.
Jul 10, 2014 at 14:44 | Source: CNBC-TV18
The FM has proposed to hike excise duty on some cigarettes by 11 percent, some by 72 percent. He has hiked excise duty on gutka to 70 percent from 60 percent. This will negatively impact those in the business of such products.
Jul 10, 2014 at 13:39 | Source: CNBC-TV18
Finance minister Arun Jaitley seems aware of the pains that a home maker goes through when food prices rise. He has announced hoardes of measures and policies to give a boost to the agricultural sector.
Jul 10, 2014 at 13:36 | Source: CNBC-TV18
Bata India and Liberty Shoes gained as much as 6 percent intraday on Thursday after Finance Minister Arun Jaitley, in his first Union Budget 2014-15, proposed to reduce excise duty from 12 percent to 6 percent on footwear.