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Standing Committee on Finance Chairman Yashwant Sinha today suggested raising the income tax exemption limit from Rs 1.6 lakh to Rs 2 lakh in the Budget apparently to provide relief to common man reeling under the impact of high inflation.
The role of healthcare in improving a nation’s wealth and spurring economic growth is well established.
The government today said that increased investment in the infrastructure sector has spurred the GDP growth rate of the country and various committees have been set up to further boost spending on these activities.
The robust performance of the Indian economy during the ongoing fiscal is likely to prompt the government to peg GDP growth in the 2011-12 fiscal at 9%, as well as withdraw stimulus measures in the forthcoming Budget.
Country's largest lender State Bank of India (SBI) plans consolidation of remaining five associate banks with itself in the next 12-18 months.
Fitch Ratings has assigned a grade of 2nd, out of a maximum of 5, to Aanjaneya Lifecare's (ALL) proposed initial public offering (IPO) of 5,000,000 equity shares.
India's auto parts makers want the government's help to upgrade technology and spur investments to boost capacity, but analysts do not see the budget for 2011-12 to be tabled in parliament on February 28 taking much steps in this direction.
The benchmark Sensex shed about 100 points amid volatility and the Nifty slipped below 5450 level at 14:58 hours, which has been moving in a range of 5400-5500 since previous week.
Air travel marked its safest year on record last year, with one accident for every 1.6 million flights made in Western-built jets compared with one per 1.4 million in 2009, industry association IATA said, reports Reuters.
Anagram Research is bullish on Kajaria Ceramics and has recommended buy rating on the stock with a target of Rs 100 in its research report.
Aditya Birla Money is bullish on NTPC and has recommended buy rating on the stock with a target of Rs 187 in its February 23, 2011 research report.
Aditya Birla Money is bearish on Andhra Bank and has recommended sell rating on the stock with a target of Rs 137 in its February 23, 2011 research report.
The Reserve Bank of India on Wednesday released draft guidelines on the introduction of credit default swaps (CDS) for corporate bonds.
Seeking an immediate end to violence in Libya that has killed "hundreds of civilians," India and 14 other members of the UN Security Council have asked the regime of Moammar Gaddafi to address the legitimate demands of the people protesting against his 41-year rule.
South Africa's Afripalm Resources signed a memorandum of understanding with Steel Authority of India to build a steel mill in South Africa, the Business Day reported on Wednesday.
India should allow limited exports of wheat, rice and sugar to benefit from high global prices, Farm Minister Sharad Pawar said, as long as domestic consumption is catered for.
Regardless of what comes next in Libya's lethal political standoff, the OPEC country's oil sector is nearly certain to suffer, bringing long-lasting supply disruptions or even permanent damage.
National Aluminium Co Ltd (NALCO) will fall about 100,000 tonnes short of its production target of 1.68 million tonnes of alumina in the fiscal year to March, its finance director said, due to delays in refinery expansion.
Former Commonwealth Games Organising Committee Secretary General Lalit Bhanot was today questioned by the CBI in connection with alleged irregularities in a Rs 107 crore contract that had been awarded to a Swiss time-keeping company.
Karvy Stock Broking is bullish on GlaxoSmithKline Pharmaceuticals and has recommended a market performer rating on the stock with a target of Rs 2550 in its February 22, 2011 research report.
With strong fundamentals the Indian economy has tremendous potential to grow at 8-9% a year. The three major concerns that the country’s macro health reels under are fiscal deficit, inflation and the current account.
Gujarat Pipavav has reported a net profit of Rs 11 crore as against loss of Rs 35 crore on year-on-year basis.
ABB has reported a net profit of Rs 6.8 crore for the quarter ended December 2010, down 94% as compared to Rs 110 crore in same quarter the previous year.
ABB has reported a net profit of Rs 6.8 crore for the quarter ended December 2010, down 94% as compared to Rs 110 crore in same quarter the previous year, reports CNBC-TV18. It touched an intraday high of Rs 696.50 and an intraday low of Rs 640. At 14:07 hrs the share was quoting at Rs 684.00, up Rs 20.50, or 3.09%.
Sanwaria Agro Oils has its Board of Directors meeting on March 03, 2011 to consider issue of bonus shares
