Indian state-run trader MMTC plans to import corn at lower taxes for local consumers such as starch makers and poultry farmers, the firm said. India imposes 60 percent tax on overseas buying of corn but under the tariff rate quota it can allow imports at lower or zero...
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February 18, 2019 Anindita Ghosh
Business
More Infrastructure major Larsen & Tourbo (L&T) on Monday said its construction arm has won a contract for building a major airport. The engineering and construction company, however, did not provide the exact value of the contract; but specified that as per its classification, the mega project is...
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February 18, 2019 Anindita Ghosh
Business
The Parliamentary Standing Committee on Finance has called for an enquiry into the role of Life Insurance Corporation of India (LIC) in the IL&FS crisis. In its report on strengthening of the credit rating framework in the country, the committee said the entire progress of the events at the IL&FS...
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February 14, 2019 Rakesh Sashmal
Economy
Angel Broking has shortlisted 22 stocks that can be considered for investment with a one-year perspective. The brokerage house is overweight on TTK Prestige, Safari Industries, Bata and Blue Star, which are part of the list of 22 stocks. “All of our top picks are backed by sound business model and are...
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February 12, 2019 Rakesh Sashmal
Market
While working with a pharmaceutical multi-national company in India in 2013, Mumbai-based 42-years old Rupali Kalav bought a flat in Navi Mumbai for Rs 58 lakh using home loan. At that time, it was a lucrative investment as other investors were making returns in 16% to 18% range...
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February 12, 2019 Rakesh Sashmal
Finance
After a muted close to 2018 where both Sensex and Nifty gave a low single-digit returns, most investors kept their investments on hold and awaited clarity as to what the government will do in the Interim Budget in terms of policies, and monetary policy stance from the Reserve...
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February 11, 2019 Rakesh Sashmal
Market
India’s largest LNG supplier Qatar on Fabruary 10 urged the central government to include natural gas in GST to help create demand for the environment friendly fuel and raise its share in the country’s energy basket. Speaking at Petrotech conference here, Qatar Gas CEO Khalid Bin Khalifa Al-Thani...
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February 11, 2019 Rakesh Sashmal
Business
The need to get a particular degree from a specific institute to gain meaningful employment is slowly fading, says Ambarish Datta, MD & CEO of BSE Institute. In an interaction with Moneycontrol, Datta said corporates now only want their recruits to have appropriate skills for the role that...
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February 5, 2019 Rakesh Sashmal
Economy
Capital markets regulator Sebi has asked exchanges to step up their surveillance of intra-day trading in the wake of significant volatility in a few stocks, sources said. The stocks under the scanner include those of a troubled airline, a media conglomerate facing liquidity crunch, a finance company under...
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February 5, 2019 Rakesh Sashmal
Market
Nimesh Shah When a government is in the middle of its term, a full Union Budget is presented well before the beginning of the next financial year (April 1) to seek approvals for the coming year. But election years present a unique challenge because if a full budget is presented...
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February 4, 2019 Rakesh Sashmal
Finance
