The Hindu Business Line : Sunday, November 16, 2003

Profit-booking tones down FII effect
OVER the past 25 trading sessions, stock prices have not moved up across-the-board in the relentless manner as they did between June and mid-October. Gains have not been of a similar magnitude either. Profit-booking ... More

TAKING COUNT

SC verdict on EPS — A blessing for employees
The Supreme Court verdict upholding the validity of employee pension scheme needs to be welcomed. Given the sharp fall in interest rates, the scheme's benefits appear attractive compared to how they looked when the scheme was launched in 1996. More

SIMPLE ECONOMICS

Forward dollars and spot price
THE RBI's recent Monetary and Credit Policy review has urged companies to hedge their foreign currency borrowings. Why should companies hedge and how does hedging impact the spot market? Assume a company has to pay ... More

TAX TALK

More on Section 88 rebate
IS the maximum rebate available for assessment year 2003-04 Rs 14,000, that is, 20 per cent of Rs 70,000 for all individuals regardless of the total income? Reply There is no difference on the percentage ... More

Tax exemption on purchase of plot
AN individual already owns a residential house. He has taken a loan to purchase a vacant plot on which he proposes to construct a residential house by taking another loan. Both these loans are from financial ... More

IN FOCUS

It's all in their interest
Companies seem to be benefiting from the soft interest rate regime tremendously as they go about substituting existing high-cost debt with fresh ones raised at much lower rates. More

FUND WATCH

Marginal inflow into equity funds

Equity funds have had a marginal outflow of Rs 17 crore in October 2003, with sales at Rs 2,218 crore and redemption at Rs 2,235 crore. The quantum of inflows into income funds is also on a lower scale in October than in the preceding ... More

COMMENT

MFs: Not mere spectators
Domestic investors have been making use of the sharp rise in the equity values in the recent times to book profits on their earlier investments. This is a welcome trend and could help diminish the negative impression that investors have about investi ng in equity. More

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