Union Budget 2013 2014

By: Saloni Roy, Deloitte India

Morning Cues: Will market recover from Budget setback?

Here is a look at the top headlines and global cues that could impact the market today.

Budget Reactions: Excise hike to hit ITC earnings, StanChart sees 1.5% dip

Sanjay Singh, associate director at Standard Chartered Securities India Ltd, tells CNBC-TV18 that ITC could see earning fall by 1.5% in the coming year due to the 18% hike in excise duty.

Budget Reactions: Axis Direct sees bond yields cool off, expects rate cut

Nilesh Shah of Axis Direct expects bond yields to cool off in the coming few days, along with an interest rate cut from the RBI.

Budget Reactions: L&T CFO sees good demand for 3000km of new roads

R Shankar Raman, chief financial officer of L&T, believes that there will be good demand for the 3,000 kilometer of new roads proposed by the Finance Minister in the Union Budget 2013-2014.

Budget Reactions: FIIs may be put off by sub-5% growth, says Ambit Holdings

According to Ashok Wadhwa, group CEO of Ambit Holdings, poor economic growth might discourage foreign investors from putting money into Indian stocks.

Budget 2013: DTC still work-in-progress; to be tabled in Budget session

In his Budget speech, Finance Minister P Chidambaram today said that the Direct Tax Code will be introduced in the Budget session of Parliament.

Union Budget: Key changes expected in tax provision

In spite of the fact that year after year the Government is trying to simplify and rationalize the Income-tax Law but still there are innumerable provisions in the Income-tax Act which make them appear silly by a large number of tax paying public of India.