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News Flash
INDIRECT TAX RATE REVIEW LIKELY TO BE ON HOLD DUE TO SCANT MONSOON
APRIL-MAY FY'10 INDIRECT TAX COLLECTIONS DOWN 28.5% AT RS. 29,044 CR (YOY)
INDIRECT TAX TARGET FOR FY10 AT RS.2.64 LAKH CRORES
INDIRECT TAX COLLECTIONS STOOD AT RS.40,605 CRORES FOR APRIL MAY '08-09
MAY SEE DROUGHT IN NORTH INDIA IF MONSOON DOESN'T COME IN NEXT 2-3 WKS
MONSOON IN SOUTH SEEM TO BE NORMAL, AREAS IN NORTH MAY FACE PROBLEMS
NDTV PROFIT FIRST REPORTED NEWS ON BAJAJ AUTOS NEW 100 CC BIKE
PLATINA TO REMAIN AN ENTRY LEVEL BIKE; DISCOVER TO TAP EXECUTIVE MARKET
NEW DISCOVER 100 CC NOT AN ENTRY LEVEL BIKE, WILL NOT REPLACE PLATINA 100
BAJAJ AUTO TO LAUNCH AN NEW 100CC DISCOVER
TO DEMERGE PASSIVE INFRASTRUCTURE UNIT WITH ITS TOWER UNIT
SHAREHOLDERS APPROVE DEMERGER OF IDEA'S PASSIVE INFRASTRUCTURE UNIT
NO CLEAR INDICATION WHEN GOVT WILL DIVEST STAKE IN SCI
DISAPPOINTED THAT NO STEPS WERE TAKEN FOR SHIPPING INDUSTRY IN BUDGET
HIGHER MAT TO NEGATIVELY IMPACT COS FULLY DEPENDENT ON BOT PROJECTS
IIFCL TO REFINANCE 60% COMMERCIAL BK LOANS FOR PPP PROJS TO EASE FUNDING
ALERT: JSW INFRA CURRENTLY MANAGES 80% OF JSW GROUP'S LOGISTICAL NEEDS
JSW INFRA EYEING JVS & PARTNERSHIPS TO BUILD PORTS AND RIG BUILDING YARDS
JSW INFRA TO USE IPO PROCEEDS TO BUILD PORTS AND RIG BUILDING YARDS
JSW INFRA IPO TO BE LAUNCHED AFTER JSW ENERGY' S IPO HITS THE MARKET
JSW INFRA & LOGISTICS REVIVES IPO PLANS, HOPES TO RAISE UPTO RS 1,000 CR
PROPOSES TO SUPPLY STAINLESS STEEL COACHES TO RAILWAYS: NW
STERLITE LOOKING TO BUY GOVTS 29.5% STAKE IN HIND ZINC FOR RS.10,000CR
CONDUCTING ENQUIRIES INTO 28 COMPANIES
FRAUD OFFICE HAS COMPLETED SATYAM ENQUIRY
RBI TRYING TO BALANCE MONETARY POLICY ALONG WITH LOW INFLATION
HIGHER TRANSPORTATION COSTS DUE TO FUEL PRICES TO ADD 30 BPS TO INFLATION
PRIMARY ARTICLES UP 0.3%, MFG PRODUCTS DOWN 0.1% (WOW)
WPI FOR ALL COMMODITIES UP 0.04% AT 234.7 (WOW)
INFLATION FOR WEEK ENDED JUNE 27 AT -1.55% VS -1.30% THE WEEK BEFORE
Updated:
07/07/09 | 04:23 PM IST
Top Stories
Auto, defensives push Sensex higher
Buying in auto and defensive stocks after yesterday’s steep selloff propelled markets higher today. However, selling in oil & gas and metal counters capped the gains.
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Budget tax sops to help individuals save Rs 1000/ yr
Individual tax payers will save only Rs 1,000 more a year following the government raising the tax exemption threshold by Rs 10,000 to Rs 1,60,000, whereas the benefit for senior citizens (65 years and above) will be higher at Rs 1,500.
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SC issues notice to Ambani brothers
The standoff between the two Ambani brothers over gas prices is now set to carry on a little while longer. The Supreme Court today issued notices to both Mukesh Ambani's RIL and Anil Ambani's RNRL.
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Economists disappointed over 'moderate' Budget
Expressing disappointment over lack of any reformist measure the economists today termed the Budget 2009-10 a "moderate" one with emphasis on infrastructure, rural spending and housing.
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USICC hails Budget as fiscal stimulus
The USA-India Chamber of Commerce has said the annual budget presented by the Finance Minister Pranab Mukherjee is a massive piece of fiscal stimulus which would spur growth and employment in the country.
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FM: Have to face high fiscal deficit in short term
Finance Minister Pranab Mukherjee said that the government had to go for a high fiscal deficit in the short term as the global economy was still not out of the woods.
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Oil falls below $64 in Asia
Oil prices fell below $64 a barrel on Tuesday in Asia extending a 13 percent drop over the last week on investor doubts about a global economic recovery.
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Defensive buying helps lift Sensex
The key benchmark indices were trading higher in afternoon deals today led by advances in defensive counters. Gains were, however, capped on selling pressure in realty, PSU and oil & gas stocks.
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Capital goods, banks lead Sensex gains
The key benchmark indices were trading higher in the early deals today after yesterday’s sharp sell-off. Buying interest was seen in banking, realty and capital goods stocks.
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US stocks end mixed, oil slide hits energy shares
US stocks ended mostly lower on Monday as drop in oil and commodities prices had investors worrying again that demand for basic materials may remain slack.
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Budget 2009
Budget blues for DTH players
The growth story of digital TV viewing in India had just begun with DTH players like Dish TV, Tata Sky, Big TV, Sun TV and Airtel Digital crowding the market.
More:
ESOPs not 'perked' up in Budget
|
Pharma companies find nothing
|
India Inc questions Finance Minister
|
Tax reforms come finally
|
No cheer for exporters
|
MAT effect: Mid cap IT firms set to take a hit
|
'Takeout financing' scheme to pump up lending to infra
|
Gold import duty hike may spur smuggling: WGC
|
No steps to push private sector power projects
|
Gulf businessmen disappointed over customs duty hike on gold
Market Watch
Graphs
Stocks
Sensex
Nifty
Value
Change
%Change
ACC
786.35
0.35
0.04
BHEL
2,025.00
-21.70
-1.06
BHARTI
802.40
10.15
1.28
DLF
284.25
-0.20
-0.07
GRASIM
2,429.50
-15.95
-0.65
HDFC BANK
1,402.70
26.10
1.90
HINDALCO
77.25
0.05
0.06
HIND UNILEVER
266.75
-2.70
-1.00
HDFC
2,339.90
19.65
0.85
ICICI BANK
641.85
-12.70
-1.94
INFOSYS
1,700.00
-5.70
-0.33
ITC
213.80
4.20
2.00
JP ASSOC
200.55
6.10
3.14
L&T
1,393.00
-20.15
-1.43
M&M
722.00
-14.95
-2.03
MARUTI
1,101.05
-1.90
-0.17
NTPC
194.80
-0.15
-0.08
ONGC
999.90
-9.25
-0.92
RCOM
261.00
5.70
2.23
RELIANCE
1,865.10
35.75
1.95
REL INFRA
1,112.80
38.10
3.55
SBI
1,612.00
25.00
1.58
STERLITE IND
561.40
15.35
2.81
SUN PHARMA
1,164.00
21.70
1.90
TCS
388.70
8.65
2.28
TATA MOTORS
274.70
-6.45
-2.29
TATA POWER
1,093.00
12.50
1.16
TATA STEEL
367.30
4.75
1.31
WIPRO
373.50
0.20
0.05
ABB
713.00
-0.50
-0.07
ACC
787.55
-0.05
-0.01
AMBUJA CEM
97.65
3.90
4.16
AXIS BANK
773.50
-13.00
-1.65
BHEL
2,022.30
-25.60
-1.25
BPCL
473.50
8.25
1.77
BHARTI
800.95
8.40
1.06
CAIRN INDIA
210.45
4.20
2.04
CIPLA
261.60
5.35
2.09
DLF
284.45
0.75
0.26
GAIL
325.30
11.55
3.68
GRASIM
2,429.00
-14.30
-0.59
HCL TECH
175.50
6.90
4.09
HDFC BANK
1,400.65
25.35
1.84
HERO HONDA
1,489.10
23.20
1.58
HINDALCO
77.20
-0.40
-0.52
HIND UNILEVER
266.00
-4.30
-1.59
HDFC
2,338.95
12.90
0.55
ICICI BANK
640.20
-12.90
-1.98
IDEA CELLULAR
70.25
0.80
1.15
INFOSYS
1,698.30
-8.10
-0.47
ITC
213.50
4.05
1.93
L&T
1,388.70
-25.70
-1.82
M&M
722.50
-14.90
-2.02
MARUTI
1,103.90
1.65
0.15
NALCO
282.00
0.85
0.30
NTPC
194.55
-0.15
-0.08
ONGC
997.10
-13.65
-1.35
POWER GRID
104.10
2.20
2.16
PNB
626.50
4.05
0.65
REL CAP
779.90
19.20
2.52
RCOM
261.15
6.20
2.43
RELIANCE
1,866.00
36.35
1.99
REL INFRA
1,112.00
37.40
3.48
REL PETRO
117.55
1.95
1.69
R POWER
159.45
1.60
1.01
SIEMENS
432.60
1.15
0.27
SBI
1,612.90
32.20
2.04
SAIL
152.30
5.50
3.75
STERLITE IND
560.70
16.25
2.98
SUN PHARMA
1,164.20
18.10
1.58
SUZLON ENERGY
88.05
0.80
0.92
TATA COMM
462.35
1.50
0.33
TCS
388.90
7.75
2.03
TATA MOTORS
274.30
-7.00
-2.49
TATA POWER
1,093.90
11.20
1.03
TATA STEEL
367.70
5.20
1.43
UNITECH
71.20
2.75
4.02
WIPRO
372.40
-2.75
-0.73
Sensex
Nifty
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Ashuu Kakkarr
BHARTI AIRTEL
1.28%
Current: Rs 802.4
Simi Bhaumik
ABB
0.17%
Current: Rs 714.25
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Stock Recos
SATYAM COMPUTER SERVICES LTD
The funds raised through preferential allotment of shares will get pumped back into the company so I suggest the investors hold the stock
UNITECH LTD
The stock has support at Rs 75
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Exclusive: Pranab on his budget
Economists on fiscal deficit
Biz On Course at The Montgomerie Dubai
Is there enough for India Inc in Budget?
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