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Aviation matters: ...
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Long and short of capital gains tax
As the old adage goes, ‘Nothing is certain but death and taxes’. If stock market investing has caught your fancy, here too, you cannot avoid the taxman. Whether you are busy making money or burning your fingers out in the markets, ...
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Aviation fuel may become ‘declared goods’ by year-end
Domestic fares likely to drop in New Year: Praful. New Delhi, Nov. 22 The Government hopes to be able to accord ‘declared goods’ status to aviation turbine fuel (ATF) being supplied to large commercial aircraft operated by domestic ...
Pension fund managers shun market
Invest less than 1% of New Pension Scheme corpus in equities. Mumbai, Nov. 22 The fund managers of the New Pension Scheme for government employees appear to be prudent as they invested only less than one per cent of their total corpus in the ...
Citi India staff face downsizing; severance offers made
‘Not a bad idea to opt for the package’. Mumbai, Nov. 22 Some of Citi India’s employees have been sounded out on severance; this comes close on the heels of the parent bank recently announcing it would cut 52,000 jobs in the US ...
Index Outlook
The incessant pounding of negative tidings from overseas pushed the Sensex back towards the 8000-mark last week. There are multiple swords hanging over the market’s neck: Detroit automakers tottering on the verge of bankruptcy, the ...
UTI Mahila Unit Scheme: Invest
UTI Mahila Unit Scheme is a good investment option for women investors looking for a debt-oriented fund as part of their core portfolio. The fund’s consistent performance across market cycles and superior return (in the debt category) ...
Welspun Gujarat Stahl Rohren: Buy
Fresh investments with a two-three year perspective can be made in the stock of leading steel pipe manufacturer Welspun Gujarat Stahl Rohren ...
NTPC: Buy
Investors looking for a defensive play in the current market can buy the stock of National Thermal Power Corporation (NTPC), trading at Rs 150 (price earnings multiple of 13). The stock has managed the market storm relatively better than ...
Indraprastha Gas: Buy
Not too many stocks have held their ground in the meltdown of the last three months. Indraprastha Gas Ltd. (IGL) is one of them. Compared to the 43 per cent erosion in the Sensex since mid-August, the IGL stock has shed just 7 per cent with ...
Hotels offer ‘big’ discounts as occupancy falls
Further drop in demand for rooms anticipated. Chennai, Nov. 22 The government of India has asked hotels to cut tariffs, by about 10 to 15 per cent, to help sagging tourism, but it need not have bothered. As rooms go abegging, hotels are slashing ...
Weekly News Round-up
In yet another set of measures to further boost liquidity and enhance credit flow, the Reserve Bank of India eased prudential norms for banks' exposure to sensitive sectors such as the capital market and commercial ...
Tata Motors to shut down Jamshedpur plant again
Mumbai, Nov. 22 Tata Motors has decided to shut down its Jamshedpur plant from November 25 to 29. When contacted, the company spokesperson confirmed this. The Jamshedpur plant, where Tata Motors makes heavy trucks, had been closed down for ...
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