Posts tagged All News
RBI signs MoU with Nepal Rastra Bank for supervisory information exchange (15-09-2015)
Sun Pharma climbs 0.64%; to sell facility in Ireland (15-09-2015)
How to find if Tax is paid by company properly or not (15-09-2015)
Hi Karan,
Many times we see that cos pay less tax than usual corporate tax of 33%. Where to dig in to find low taxes paid by any company. I mean where can we find tax rebates and its details for any firm.
Thanks
LIVE: Sensex down over 100 points on profit-booking, Nifty above 7,800 (15-09-2015)
12.11 pm: Bouts of profit-booking were witnessed in capital goods, metal, auto, banking and consumer durable sectors, along with mid-cap and small-cap shares, while buying marked realty, FMCG, health care and IT segments. Sensex was down 115 points at 25,742.
12.06 pm: Goldman Sachs upgrades private lenders Axis Bank, ICICI Bank and YES Bank to ‘Buy’ from ‘Neutral’ citing attractive entry after recent underperformance of bad loand concerns. BSE Bankex was down 0.76 per cent at 19,205.57.
11.23 am: Texmaco Rail & Engineering gained over 3 per cent on BSE after the company said its board has approved acquiring a majority 76 per cent stake in Bright Power for Rs 100 crore. Sensex was down 110 points at 25,746. Nifty was down 45.70 points at 7,826. Sun Pharma and HUL were trading 1.16 per cent and 0.76 per cent higher at Rs 867 and Rs 801, respectively.
10.34 am: Nifty was down 27.50 points at 7844.75. Vedanta, Tata Power and Kotak Mahindra Bank were down over 1 per cent.
10.25 am: Sensex was down 95.20 points 25,761. In the 30-share index, Maruti Suzuki and ITC were up 1.32 per cent and 0.85 per cent at Rs 4,379.50 and Rs 315.80.
9.49 am: Brokers said sentiment turned somewhat weak as investors booked profits after Monday’s gains even as retail inflation fell to a new low of 3.66 per cent in August, which may prompt the Reserve Bank to cut rates at its September 29 policy meet. Sensex was down 43 points at 25,813.
9.24 am: Sensex was down 12.18 points at 25,844.52. Maruti Suzuki was trading 1.72 per cent higher at Rs 4,394.50. Share price of Maruti Suzuki gained after the Reserve Bank of India allowed foreign investors to invest up to 40 per cent of the paid up capital in the auto maker under the Portfolio Investment Scheme.
9.15 am: Domestic equity markets opened on a flat note on Tuesday tracking weak global cues. The BSE Sensex opened 51.64 points, 0.20 per cent, up at 25,908.34. NSE Nifty opened 5 points down at 7,867.35.
The Consumer price inflation (CPI) data that eased to 3.66 per cent in August from 3.69 per cent in July 2015, failed to boost market sentiments on Tuesday.
The rupee fell 5 paise to 66.38 against the dollar in early trade due to fresh dollar demand from importers.
Global Markets
New York: US stocks closed down on Monday as many investors put off making big bets ahead of the Federal Reserve’s policy meeting this week and others worried about weak economic data from China. The Dow Jones Industrial Average lost 62.13 points or 0.38 per cent to 16,370.96, the Nasdaq was down by 16.58 points or 0.34 per cent to 4,805.76 while, the S&P 500 dropped by 8.02 points or 0.41 per cent to 1,953.03.
London: Britain’s top share index fell on Monday, with miner Glencore and supermarket group Morrison underperforming as weak Chinese data and the possibility of a U.S. rate rise weighed on markets.
Tokyo: Japanese stocks rose on Tuesday morning as food processing firms rallied on a report of a merger, while most investors were fairly relaxed ahead of the outcome of the Bank Of Japan’s two-day policy meeting.
Hong Kong: The Hang Seng Index was down 0.37 per cent.
(With inputs from agencies)
Asian shares struggle, Bank of Japan holds steady (15-09-2015)
Maruti Suzuki gains as RBI allows 40% foreign investment (15-09-2015)
Stocks in focus today: Maruti Suzuki, Essar Oil and more (15-09-2015)
The BSE Sensex and NSE Nifty opened on a flat note on Monday tracking mixed Asian cues.
Below are the stocks that are likely to be in focus today:
Maruti Suzuki: The stocks of country’s largest carmaker will be in focus after the Reserve Bank allowed foreign investors to invest up to 40 per cent of the paid up capital in Maruti Suzuki under the Portfolio Investment Scheme.
Vedanta: Balco, part of Anil Agarwal-led Vedanta Ltd, on Monday said it has started the procedure to shut down its aluminium rolling business in Chhattisgarh – a move that will see 1,000 people losing jobs.
Havells: The electrical goods maker has said that devaluation of the yuan would not impact its business as exports form only 10 per cent of the total sales.
Essar Oil: Essar Oil will this week shut its 4,05,000 barrel-per-day Vadinar refinery in Gujarat for about four weeks to carry out maintenance work.
Abbott India: Drug major Abbott Healthcare has challenged West Bengal drug controller’s finding that its cough syrup Phensedyl contained codeine beyond the permissible level, becoming the latest multinational to dispute the conclusions of a state regulator’s testing framework.
Corporation Bank: The bank on Tuesday said LIC will infuse Rs 143 crore into the bank by way of preferential equity.
Steel stocks: Stocks of steel companies like SAIL, Hindalco, Hindustan Zinc, Jindal Steel will be in focus after the government on Monday imposed provisional safeguard duty of 20 per cent on import of certain categories of steel with a view to protect domestic producers from recent surge in inward shipments.
Divis Laboratories: The company on Monday announced after market hours that the company has fixed September 26 as record date for the purpose of determining the eligibility of shareholders entitled to receive 1:1 bonus issue of shares.
Veritas (India): The company on Monday said after after market hours that the company is in the process of collating and responding to all the queries raised by the Income Tax Authorities. Veritas (India) Ltd on Monday also said Income Tax officials carried out search and seizure proceedings for three days from September 10 at the premises of the company and promoters.
KRBL- The King of Basmati rice (15-09-2015)
Indeed, I invested in LT foods along with KRBL, because in the Supermarkets, the Daawat and Kohinoor brands have a) Better and more premium packaging b) Better Shelf Space c) Better Customer Recall and d) Higher Pricing
However, the price action has deviated from this, because I bought KRBL around 42 and at around the same time LT Foods at 80. Similar sort of PE ratios too. And KRBL has given much better returns. Just tells you that financials are important too.