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Budget News

  • Nifty nears 7150, Sensex zooms over 500 pts; HUL, ONGC down

    Nifty nears 7150, Sensex zooms over 500 pts; HUL, ONGC down  

    ITC, ICICI Bank, Axis Bank, GAIL and Hero MotoCorp are top gainers while ONGC, HUL, HDFC and Dr Reddy's Labs are losers in the Sensex.

    01 Mar 2016, 1.55 pm  |  Source: Moneycontrol.com

  • Not overly worried about infra cess impacting demand: M&M

    Not overly worried about infra cess impacting demand: M&M   

    The infrastructure cess is sure to have a negative impact on the overall demand said VS Parthasarathy, CFO, Mahindra and Mahindra but on other hand the various measures to boost rural economy, infrastructure and farmer income cou...

    01 Mar 2016, 1.50 pm  |  Source: CNBC-TV18

  • Budget 2016: FM delivered fiscally prudent, growth oriented Budget: Tata AIA

    Budget 2016: FM delivered fiscally prudent, growth oriented Budget: Tata AIA  

    According to Harshad Patil, CIO at Tata AIA Life, Finance Minister Arun Jaitley has done a fine balancing act by delivering a fiscally prudent and growth oriented budget. The budget attempts to kickstart the investment cycle throu...

    01 Mar 2016, 1.22 pm  |  Source: Moneycontrol.com

  • Infra cess likely to be passed onto customers completely: Maruti

    Infra cess likely to be passed onto customers completely: Maruti   

    Speaking to CNBC-TV18, RC Bhargava, Chairman of Maruti Suzuki says the infrastructure cess will be a burden to growth, especially look at the current volatility in the market.

    01 Mar 2016, 1.16 pm  |  Source: CNBC-TV18

  • PPP step to resolve disputes worth Rs 500cr: Ashoka Buildcon

    PPP step to resolve disputes worth Rs 500cr: Ashoka Buildcon   

    In an interview with CNBC-TV18, Satish Parekh, MD of Ashoka Buildcon said that he expects the company’s orderbook to grow 20-30 percent over FY17.

    01 Mar 2016, 1.11 pm  |  Source: CNBC-TV18

  • Budget 2016: Financial services – FM could have done more

    Budget 2016: Financial services – FM could have done more  

    Union Budget 2016 revolved around the themes of ‘Make in India’ and ‘Ease in doing business in India’

    01 Mar 2016, 1.10 pm  |  Source: Moneycontrol.com

  • Unable to pass on the clean environment cess, says NBL Ind

    Unable to pass on the clean environment cess, says NBL Ind   

    The additional cess is likely to hit the company’s operating profits by more than 5-6 percent said K Ravi, MD, NCL Industries.

    01 Mar 2016, 1.06 pm  |  Source: CNBC-TV18

  • Budget 2016: Will pass on 80% of additional clean energy cess: Tata Sponge

    Budget 2016: Will pass on 80% of additional clean energy cess: Tata Sponge  

    Tata Sponge is likely to absorb only 10-20 percent of the added cost and the rest will passed-on to the customers, said Managing Director DP Deshpande.

    01 Mar 2016, 1.00 pm  |  Source: CNBC-TV18

  • Budget unlikely to fire market or the mood: Citigroup

    Budget unlikely to fire market or the mood: Citigroup  

    The global financial services major said the Budget seeks fiscal consolidation but is cautious in its approach as it focuses on process rather than pushing the boundaries.

    01 Mar 2016, 12.37 pm  |  Source: PTI

  • Room for rate cut opens up after Budget 2016: India Ratings

    Room for rate cut opens up after Budget 2016: India Ratings  

    According to Devendra Pant, Chief Economist, India Ratings & Research, the revenue expectation is highly optimistic and for the government to stay on the consolidation path, they will need to cut capital expenditure.

    01 Mar 2016, 12.20 pm  |  Source: Moneycontrol.com

  • Budget 2016 India: Doubling farmers` income in 5 years a dream,says BKU

    Budget 2016 India: Doubling farmers' income in 5 years a dream,says BKU  

    BKU national spokesman Rakesh Tikait said Rs 5,500 crore allocated for the new crop insurance scheme will benefit insurance companies and not farmers.

    01 Mar 2016, 11.19 am  |  Source: PTI

  • Despite today`s rally, ITC still has room to run: ICICI Direct

    Despite today's rally, ITC still has room to run: ICICI Direct   

    In an interview with CNBC-TV18, Sanjay Manyal of ICICI Direct termed yesterday's excise duty hike on cigarettes as the "mildest in the last 3 years" and said a price hike of 5-6 percent price hike on cigarettes would be enable ITC...

    01 Mar 2016, 11.17 am  |  Source: CNBC-TV18

  • Union Budget 2016-17: Water Resources Ministry allocated Rs 6,201.21 cr

    Union Budget 2016-17: Water Resources Ministry allocated Rs 6,201.21 cr  

    Presenting the Union Budget, Finance Minister Arun Jaitley allocated Rs 6,201.21 crore to the Water Resources Ministry, of which Rs 5500 crore was under plan head and the rest under non-plan head.

    01 Mar 2016, 10.25 am  |  Source: PTI

  • American investors bullish on Indian Budget: USIBC

    American investors bullish on Indian Budget: USIBC  

    Mukesh Aghi said the annual Budget presented by Union Finance Minister Arun Jaitley maintains the fiscal deficit to 3.5 percent from 3.9 percent and gives international investors an assurance that India can provide discipline amon...

    01 Mar 2016, 10.23 am  |  Source: PTI

  • Sensex surges over 400 pts, Nifty eyes 7150; ITC gains 6%

    Sensex surges over 400 pts, Nifty eyes 7150; ITC gains 6%  

    ITC rallied 6.46 percent. ICICI Bank, Axis Bank, Infosys, SBI and PNB gained 1-3 percent while ONGC and Bharti Airtel fell more than 1 percent.

    01 Mar 2016, 10.01 am  |  Source: Moneycontrol.com

  • Budget 2016: A progressive, forward-looking Budget: Ajay Bodke

    Budget 2016: A progressive, forward-looking Budget: Ajay Bodke  

    We believe that once global risk-aversion subsides substantial FII allocations will come India’s way both in equities and fixed-income, says Ajay Bodke, CEO & Chief Portfolio Manager (PMS), Prabhudas Lilladher.

    01 Mar 2016, 10.00 am  |  Source: Moneycontrol.com

  • Budget 2016 India: Bullish on auto, cement, cap goods: ICICIdirect

    Budget 2016 India: Bullish on auto, cement, cap goods: ICICIdirect  

    According to ICICIdirect, Budget 2016-17 reflects the government’s firm commitment to substantially boost investment in agriculture, social sector, infrastructure and employment generation, on the one hand, and sticking to the f...

    01 Mar 2016, 9.52 am  |  Source: Moneycontrol.com

  • Budget 2016 pragmatic & growth-oriented: Ashok Hinduja

    Budget 2016 pragmatic & growth-oriented: Ashok Hinduja  

    According to Ashok P. Hinduja, Chairman, Hinduja Group of Companies (India), Budget is pragmatic and growth-oriented. The Government’s commitment for retaining the fiscal deficit at 3.5 percent will have sobering effect on the i...

    01 Mar 2016, 9.51 am  |  Source: Moneycontrol.com

  • After public outcry, FinMin to clarify on tax on EPF withdrawals

    After public outcry, FinMin to clarify on tax on EPF withdrawals  

    As per the Union Budget announced on Monday, the contributions made on or after April 1, 2016 by an employee participating in a recognised provident fund and superannuation fund, up to 40 percent of the accumulated balance attribu...

    01 Mar 2016, 9.50 am  |  Source: IBNLive.com

  • Budget 2016: Don`t think this is an inspirational Budget, says Anand Sharma

    Budget 2016: Don't think this is an inspirational Budget, says Anand Sharma   

    Senior Congress leader and former commerce minister Anand Sharma says this is not an inspirational Budget. He does not think Budget 2016 will lift growth or even encourage investment. He also says the Budget has not given a fillip...

    01 Mar 2016, 9.50 am  |  Source: CNBC-TV18

  • Budget 2016 progressive, time appropriate: D R Dogra

    Budget 2016 progressive, time appropriate: D R Dogra  

    According to D R Dogra MD & CEO - CARE Ratings, Union Budget for 2016-17 can be treated as being progressive and time appropriate having announced a raft of measures, policies and reforms catering to nearly all the sections of the...

    01 Mar 2016, 9.30 am  |  Source: Moneycontrol.com

  • Budget 2016 pragmatic, focussing on rural spending: ABM Equity

    Budget 2016 pragmatic, focussing on rural spending: ABM Equity  

    It is a pragmatic budget, with focus on fiscal prudence, rural spending, infrastructure spending, rationalizing tax exemptions/deductions, reducing social divide and above all, reducing credibility gap for the budgetary estimates,...

    01 Mar 2016, 9.17 am  |  Source: Moneycontrol.com

  • Budget 2016: Empowerment over subsidies, a good thing, says Manish Chokani

    Budget 2016: Empowerment over subsidies, a good thing, says Manish Chokani   

    Chokani also commended the borrowing figure, which has decreased from the previous year. This he thinks would be taken positively by the bond markets. He also discussed the fiscal deficit number, which according to him is real and...

    01 Mar 2016, 9.15 am  |  Source: CNBC-TV18

  • Budget 2016: Good intent to keep up momentum of Make In India: Sunil Khanna

    Budget 2016: Good intent to keep up momentum of Make In India: Sunil Khanna  

    Sunil Khanna, President and Managing Director of Emerson Network Power India is of the view that the Government has tried to keep a healthy balance between inclusive growth and fiscal consolidation amidst global volatility and add...

    01 Mar 2016, 9.05 am  |  Source: Moneycontrol.com

  • FM unveils fire-fighting Budget to placate voters,sustain growth

    FM unveils fire-fighting Budget to placate voters,sustain growth  

    Finance Minister Arun Jaitley's third Budget marked a strategic shift by addressing rural distress in a country of 1.3 billion, where two-fifths of families rely on farming and are reeling from two years of drought.

    01 Mar 2016, 8.54 am  |  Source: Reuters

  • Budget 2016: The Verdict

    Budget 2016: The Verdict   

    The Verdict brings to you some of the most influential opinion makers on what they made of the Budget fineprint and what Budget 2016 can do to stimulate growth and position India as an investment destination.

    01 Mar 2016, 8.46 am  |  Source: CNBC-TV18

  • Budget 2016: Money Money Money

    Budget 2016: Money Money Money   

    Money Money Money Budget Special decodes what Finance Minister Arun Jaitley's tax proposals mean for your wallet and your wealth. Surabhi Upadhyay of CNBC-TV18 discusses FM's tax policies with Navneet Munot, CIO, SBI Mutual Fund a...

    01 Mar 2016, 8.35 am  |  Source: CNBC-TV18

  • Andhra Pradesh govt disappointed with Union Budget

    Andhra Pradesh govt disappointed with Union Budget  

    Talking to newspersons after a TDP Politburo meeting here tonight, he said no financial allocation has been made for the construction of AP's new capital, Amaravati.

    01 Mar 2016, 8.22 am  |  Source: PTI

  • Budget most pragmatic, to help secure long-term growth:SS Mundra

    Budget most pragmatic, to help secure long-term growth:SS Mundra  

    "This is the most pragmatic Budget. The emphasis on public investments, on social sector and on a wide section of the society are all the measures which will have long-term impact on growth," Mundra told reporters on the sidelines...

    01 Mar 2016, 8.19 am  |  Source: PTI

  • PM passes pro-poor Budget examination with distinction: Sushil

    PM passes pro-poor Budget examination with distinction: Sushil  

    Bihar, among other backward states, stood to gain from the NDA government's announcement of special package for which financial arrangements as also funds for commitments on account of reorganization of states will be met, the sen...

    01 Mar 2016, 8.15 am  |  Source: PTI

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