Commodities Transaction Tax

Arihant capital markets has come out with its preview on Union Budget 2015-16. "Few sectors which may hog limelight in the budget are Defence, Renewable energy and Infrastructure. Apart from this expect focus to be more on improving macros", says the report.

Commodities Transaction Tax should be reduced: Religare Sec

Budget should take steps to make commodities markets in India more vibrant. Taxation issues should be resolved and more investments should be encouraged into real infrastructure such as warehouses, cold storage logistics to ensure low wastage.

See headwinds in near-term; biz steady overall: Edelweiss

Rashesh Shah, chairman and CEO of Edelweiss Financial Services feels that the company could post a 40 percent growth year-on-year (YoY) due to a diversification in their business.

India to levy commodities transaction tax from July 1

India will levy 0.01 percent commodities transaction tax on futures contracts of non-agricultural commodities like precious, base metals, oil and gas, from July 1.

Biz of MCX continues to be good for long term: Sekhar

Phani Sekhar, Fund Manager of Angel Broking feels the business of MCX continues to be good from a very long-term perspective.

Budget Reactions: Budget punctures market hopes, says Udayan

Union Budget is a non-event for the market and not worthy of the expectations that P Chidambaram might have stoked in his commentary in the past.

Trade MCX with caution, not much upside from now: Udayan

With robust investor demand seen at the listing of the Multi-Commodity Exchange (MCX) today and its price soaring past Rs 1,400 level, CNBC-TV18’s Udayan Mukherjee, however, says it is probably time to press the caution button and not go overboard.