Mahatma Gandhi "A nation's culture resides in the hearts and in the soul of its people."
Swami Vivekananda “Purity, patience, and perseverance are the three essentials to success and, above all, love”
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German firm Styrolution is likely to announce an offer to delist shares of its Indian unit Styrolution ABS from Indian bourses, people familiar with the matter said. Styrolution is a 50:50 joint venture between top global chemical companies, BASF and Ineos. According to a recent filing to the London Stock Exchange, the company’s foreign parent said it has initiated [...]
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Mutual funds and insurance companies have found a new ally in chit funds, a traditional savings scheme, for reaching out to small-town investors. Large chit funds in states like Tamil Nadu, Kerala, Andhra Pradesh, Karnataka and New Delhi are diversifying into financial product distribution to step up revenues. Prominent chit fund companies like The Balussery Benefit Chit Fund, Shriram [...]
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The Reserve Bank of India sold dollars via state-run banks in early trade Tuesday, sharply strengthening the rupee as it approached life-time lows, four traders said. The rupee breached the psychological 54 mark today. “It seems like a massive intervention,” a chief dealer with a state-run bank said. RBI will aggressively continue its dollar sales to prevent the rupee from [...]
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About 74 per cent of respondents indicate that they conduct detailed research before buying life and pensions policies, far more than in the UK (37 per cent), the US (31 per cent) or China (44 per cent), it points out. However, many customers focus more on price competitiveness in their research rather than product features [...]
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With an eight-fold increase, India attracted foreign direct investment (FDI) of USD 8.1 billion in March, the highest ever monthly inflows, despite a brouhaha over Rs 11,000 crore Vodafone tax dispute. Cumulative FDI inflows for the fiscal 2011-12 amounted to USD 36.50 billion, authoritative sources said. In March 2011, the country received FDI worth USD [...]
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Chassis for commercial vehicle, ball point pen ink and goods required for solar power projects would become cheaper under duty concessions announced by Finance Minister Pranab Mukherjee in the Lok Sabha after which Finance Bill, 2012 was passed. Replying to the debate on the Finance Bill, he announced that the central excise duty concession [...]
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According to Macquarie, flows into India are likely to remain limited in the near-term, as relative valuations of stocks versus emerging markets do not look attractive. India thus “may be staring at a possible negative 12 month forward returns,” Macquarie said. The controversy over taxation for foreign investors, as well as macro challenges, are key reasons for net outflows [...]
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The government has decided to clamp down on excessively high interest rates and commissions paid by entities such as National Highways Authority of India (NHAI) that are in line to issue tax-free bonds of nearly Rs 60,000 crore during the current fiscal. Sources said that the finance ministry will soon finalize norms to ensure that the exchequer, [...]
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In the investment management process, there are two distinct approaches to stock-picking and portfolio construction. They are fundamental investing and quantitative investing. In fundamental investing, research analysts issue buy, sell and hold recommendations for securities after researching publicly available information such as quarterly financial statements, annual reports, management guidance, credit rating information, industry reports etc. These recommendations [...]
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One should appreciate the intent and focused attention of Indian tax authorities to improve the tax filingexperience, like introduction of online tax filing forms and making it mandatory for a specified category, theCentralised Processing Centre, and outsourcing the process to external vendors. While the corporate governance policies require companies to mandatorily disclose various aspects to all [...]