To help airline companies keep their costs down, the draft policy has proposed that aviation turbine fuel drawn from regional connectivity airports be exempted from custom duty. Also, the policy has proposed waiver of service tax on maintenance, repair and overhaul (MRO) expenses incurred by airline companies
Posts tagged MC
1-hr flight fare to cost only Rs 2500:Draft aviation policy (30-10-2015)
Hard-hit China steel mills offer hope for India’s iron ore (30-10-2015)
Miners from India’s top exporting state of Goa are renewing sales after action to halt illegal mining, but with iron ore in oversupply and steel prices at multi-year lows, price will be key to finding a foothold, say traders.
Glenmark Pharma rises 5% on USFDA nod, strong Q2 earnings (30-10-2015)
The company’s current portfolio consists of 102 products authorises for distribution in US marketplace and 64 ANDA’s pending approval with the USFDA.
Moody’s to Modi: Rein in members or risk losing credibility (30-10-2015)
The ruling BJP does not have a majority in the Rajya Sabha and crucial reforms bills has been met with an obstructionist opposition. “But in recent times, the government also hasn’t helped itself, with controversial comments from various BJP members.
Expect 15% loan growth in H2FY16: Shriram Transport (30-10-2015)
Umesh Revankar, MD, Shriram Transport Finance says the company’s gross non-performing assets (GNPA) stood at 4.18 percent due to rural stress caused by deficient rainfall in pockets of Maharasthra, Telagana, Karnataka and Uttar Pradesh.
Sensex, Nifty rise marginally; NTPC up 5%, ITC falls 2% (30-10-2015)
NTPC, Dr Reddy’s Labs, Bharti Airtel, ICICI Bank and Hindalco are top gainers in the Sensex. Among the losers are Vedanta, ITC, ONGC, Tata Motors and Infosys.
Demand mixed, but see good Q3, Q4 on seasonality: Emami (30-10-2015)
After its acquisition of hair and scalp brand ‘KeshKing’ in Q1, Bhansali says the company is open to more such deals.
Cooler sales in global mkts to push growth: Symphony (30-10-2015)
Achal Bakeri, chairman and MD, Symphony, is confident that the company will be able to maintain the growth momentum in the coming quarters. He says, in the organised market, the company’s market share stands at 50 percent
See better asset quality in H2: State Bank of Travancore (30-10-2015)
The bank’s slippages in the second quarter stood at Rs 775 crore, while it sold loans worth Rs 750 crore to Asset Reconstruction Companies (ARCs). Recoveries or upgrades for the period under review stood at Rs 520 crore
IDFC Bank shares may list for trading on November 6 (30-10-2015)
“Shareholders will have to wait for IDFC Bank shares to list and trade to evaluate the value of their combined IDFC and IDFC Bank shareholding,” it said in a release.