Moneycontrol News Archive
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Steel industry to see demand-led growth
28th February, 2005 21:40
The budget for 2005-06 (April-March) presented by Finance Minister P. Chidambaram in the Lok Sabha Monday proposes to focus on increased spending on infrastructure
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Imported PCs, notebooks to be cheaper
28th February, 2005 21:12
The Budget for 2005-06 has addressed the computer hardware industry's problem of an inverted tariff structure with the exemption of customs duty on 217 items under
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Budget very positive for investors: Kotak MF
28th February, 2005 20:21
Ajay Bagga of Kotak MF feels that the Budget is a big positive for the markets. MF investors can now look at investment options without the constraints of tax reba
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Imran Hassen, SkodaAuto India
28th February, 2005 19:33
"Budget 2005-06 is a positive one and is development oriented. Mainly focused on the crucial areas of social infrastructure like water, education, health, roads et
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Deep Kapuria, ACMA
28th February, 2005 19:30
"The Union Budget 2005-2006 is a balanced and progressive one. The focus on infrastructure development, especially the announcement of establishing of a SPV for ro
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Credit Suisse cautious on infrastructure
28th February, 2005 19:16
The government is reforming by scales in India and all announcements about privatisation and liberalisation, FDI limits have been announced outside the Budget, so
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Sunil Bharti Mittal, Bharti Enterprises
28th February, 2005 18:45
"This is a well thought out budget with an eye on infrastructure development, growth and employment creation. This budget attempts to simplify income tax laws, ope
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K Raghavendra Rao, Orchid Chemicals
28th February, 2005 18:38
"The Budget is in line with our expectations and the government continues to follow the path of tax reforms and liberalization. The notable feature of the Budget i
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RBI announces two-phase roadmap
28th February, 2005 18:27
RBI announces two-phase roadmap for foreign banks. Foreign banks establishing presence for the first time may set up 100% subsidiaries.
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Ramdeo Agrawal, Motilal Oswal Securities
28th February, 2005 18:14
"Interest rates may remain stable or may decline a little. The 10-year is trading at 6.5%. So if that kind of rate is maintained you are discounting the next year
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Sanjay Sachdev, Principal Mutual Fund
28th February, 2005 18:08
"The Budget 2005-2006 is overall a pragmatic and a sound budget, considering the constraints faced by the Finance Minister in a coalition government. The main thru
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New investors & high interest level: Nagpal
28th February, 2005 18:01
The Deutsche Bank Conference was the largest ever investor conference in India. Last time, this kind of conference was attended by only 150 people and this time th
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Rupee ends firm, bonds weak
28th February, 2005 17:40
The rupee closed at Rs 43.68 compared to Rs 43.72 per $1 on Friday. The 7.38% bond closed down 45 paise to Rs 106.22.
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Balaji Rao,TCG Urban Infrastructure Holdings
28th February, 2005 17:32
"Bringing construction services under the service tax net and increasing the excise duty on steel to 16% might result in an increase in input costs. It remains to
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Divestment proceeds to go to fund: FM
28th February, 2005 20:58
The Budget for 2005-06 (April-March) did not set any mobilisation target for selling government's equity in state-run companies, as divestment proceeds would go in
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Fertiliser sector applauds Budget
28th February, 2005 20:46
The fertiliser industry has welcomed the government's move to not only continue but raise subsidies, as started in the Budget 2005-06 (April-March), though the Fin
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Jean-Charles Thuard, Legrand
28th February, 2005 19:31
"The reduction in the Income Tax for corporates announced in today's Budget is a very welcome step. On a yearly basis, Legrand contributes 5% of the total turnover
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B Muthuraman, Tata Steel
28th February, 2005 19:29
"It is a good Budget with a long range focus, which is likely to stimulate demand as well as investment. The Budget has sought to address the needs of industry and
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Nilesh Shah, Kotak Securities
28th February, 2005 18:46
"This Budget represents growth and continuity. There are no take aways except corporate tax which has been reduced. It does not change your investment outlook exce
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V.S. Jain, SAIL
28th February, 2005 18:43
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We welcome the budget as it is growth oriented and significant thrust has been given on infrastructure development particularly on highways, housing etc. Thi
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Paras Adenwala, Investment Consultant
28th February, 2005 18:33
"Companies which used to give MAT, Minimum Alternate Tax, initially have graduated towards paying higher levels of tax. So due to taxation I don't see substantial
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Prashant Ruia, Essar Steel
28th February, 2005 18:27
"The Union Finance Minister deserves two cheers from the steel sector - for
correcting duty anomalies in certain inputs like coking coal, graphite
electrodes etc
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Kiran Karnik, President, NASSCOM
28th February, 2005 18:09
"Nasscom is disappointed that BPO taxation issues remain unresolved. Nasscom is also concerned about proposed taxation of fringe benefits too."
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Nimesh Kampani, JM Morgan Stanley
28th February, 2005 18:05
"Cut in corporate tax will lead to increase in EPS. Reforms in corp bond market will widen & deepen the market. Derivative trading not to be treated as speculative
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Umang Das, Spice Communications
28th February, 2005 17:43
"We welcome the announcements made by the honorable Finance Minister at the Union Budget (2005-06). The government has undertaken positive steps to ensure further
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Ramalinga Raju, Satyam Computers
28th February, 2005 17:34
"The Finance Minister has yet again done a fine balancing act and delivered a growth-oriented budget.We are quite pleased with the Finance Minister’s focus on 'Bha
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Sanjay Lalbhai, Arvind Mills
28th February, 2005 17:31
"The Budget by the finance minister is progressive. While it emphasised on the party's common agenda, it also reiterated the government's policy direction on refor
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