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MAT waiver for FIIs will spur Stock Market says Jayant Sinha
Bengaluru, Aug 22: Minimum Alternative Tax (MAT) waiver on foreign institutional investors (FIIs) prior to April, as recommended by the government-appointed Shah panel, would be positive for the stock market, union Minister of State for…
India to import 10,000 Tonnes Onions to check Prices
New Delhi, Aug 22: With onion prices hitting Rs.70-80 per kg in most parts of the country, the central government has floated tenders for the import of 10,000 tonnes of onions, it was announced on Saturday.
"Government of India has been…
Air China to launch Beijing-Mumbai flight on October 25
Beijing, Aug 22: Air China said on Saturday it would open four new Asian routes including one between Beijing and Mumbai, to connect more destinations in south and southeast Asia.
The four-times-a-week Beijing-Mumbai flight will be…
75 Percent of Cigarettes sold loose in India, says Study
Shimla, Aug 22: Nearly 75 percent of all cigarettes in India are sold as single sticks valued at close to 30 percent of the Rs.35,000 crore (over $5 billion) Indian market, an international journal says. The sale of single cigarettes, which…
US Dollar slumps as Interest Rate hike expectation dims
New York, Aug 22: The US dollar dropped against most major currencies as investors lowered their expectation for an interest rate hike as early as September, following the release of weak economic data from China.
The Caixin Flash China…
Gold surges by Rs.480 to reclaim Rs.27,000 Mark
New Delhi, Aug 21: With the wedding and festive season fast approaching, the days of cheaper gold prices seems to be over as the precious metal climbed back to Rs.27,000 mark on Friday.
After registering a decline recently, prices shot…
Software Giant Microsoft to shut down Salo Plant
Helsinki, Aug 22: Software giant Microsoft plans to close its plant in Salo in Finland, media reported.
The plant was taken over from Nokia as a part of Microsoft's acquisition of Nokia's mobile phone sector, reported Xinhua news agency.…
Years of neglect responsible for Railways’ Problems: Minister
Kolkata, Aug 21: Railway minister Suresh Prabhu on Friday blamed "years of neglect and lack of investments" for the poor performance of the railways and admitted that its problems were "mammoth".
"In the last several years, we have not…
Mutual Fund Investments cross Rs.7,000 crore in Kerala
Thiruvananthapuram, Aug 21: Mutual fund investments in Kerala have crossed Rs.7,000 crore, an official revealed on Friday.
Sudip Kumar Mandal, assistant vice-president (Marketing), DSP BlackRock Investment Managers, said the total assets…
BSE Sensex closes 242 Points down; Nifty ends at 8,299 Points
Mumbai, Aug 21: A key Indian equities index ended 241.75 points, or 0.88 percent, lower on Friday on weak global market cues, persistent weakness of the rupee and developments in China, from where signs are emanating of a of further…