What Indias budget means for its raging stock rally
Sun, 01 Mar 2015 23:59:18 -0800While there were no "fireworks" in India's highly-anticipated budget, investors approved of the various initiatives - which ranged from boosting infrastructure investment to lowering corporate taxes - adding fuel to the country's stock market rally.
A budget for the United Federation of India
Mon, 02 Mar 2015 04:14:16 -0800Finance Minister Arun Jaitley on February 28 delivered a budget that will go down as one of the best since liberalization began in 1991. It took stock of India's present set of challenges and accordingly adjusted the priorities and solutions. Six salient points reflect the government's economic thinking and strategy. First, the budget has struck to the recommendations of the Fourteenth Finance ...
The Big Losers in Indias Budget: Cigarette Smokers
Mon, 02 Mar 2015 13:39:51 -0800One sign India still has work to do in overhauling its economy: The biggest loser from its latest budget is a tobacco company. Indian governments can switch from the Gandhi family's Congress Party to the Hindu nationalists'?Bharatiya Janata Party, but in the world's largest democracy, politicians of all stripes seem to agree on at least one thing: Smokers need to keep paying more to light up ...
India looks for economic magic in new budget
Fri, 27 Feb 2015 01:00:00 -0800India is bracing for its economic Super Bowl. The government of Prime Minister Narendra Modi is set to reveal its second budget, an event so highly anticipated that TV news channels have doubled their ...
NSE signs MOU with IFSC
Thu, 26 Feb 2015 14:49:27 -0800National Stock Exchange (NSE), India's leading stock exchange, intends to establish an International Exchange in GIFT SEZ area, a multi-services Special Economic Zone (SEZ) being developed as India's first International Financial Services Centre (IFSC) by GIFT SEZ Ltd. a wholly owned subsidiary of Gujarat International Finance Tec-City Company Ltd (GIFTCL) known as GIFT City.
Engineers India (?203.3)
Sat, 28 Feb 2015 21:45:02 -0800The stock of Engineers India fell 2.8 per cent on Thursday breaching a key support at ?210. The fall was accompanied by above average volume. Investors with a short-term view can sell the stock at current levels.
Markets riding for a fall unless budget delivers
Mon, 23 Feb 2015 23:09:59 -0800Investors in India say the government's first full budget must find a way to boost capital spending while exercising fiscal restraint, or a subsequent sell-off in debt and equities could destabilise the rupee, risking a return to levels seen in 2013. Prime Minister Narendra Modi's election victory nine months ago resulted in India becoming Asia's second best performing stock market after China ...
India’s Budget Covers Yesterday and Tomorrow ? But Not Today
Mon, 02 Mar 2015 13:04:49 -0800India's new Union Budget highlights a roadmap for the future, but there are no "quick wins" or reforms for the near term.
Indian stock market reacts positively to budget announcement
Sun, 01 Mar 2015 03:01:13 -0800"India is about to take off." That was the bold declaration from India's Finance Minister Arun Jaitley as he delivered his first full-year budget since his party won a resounding victory at the polls last May.
India has great chance to become a manufacturing hub: BSE CEO
Fri, 27 Feb 2015 05:17:46 -0800Mumbai, Feb. 27 (ANI): The Managing Director and Chief Executive Officer (CEO) of the Bombay Stock Exchange (BSE), Ashish Chauhan, on Friday said India has a great chance of becoming a manufacturing hub. 'Make in India' is the main plank and somewhere on the line we have lost the bus. Over the last thirty five years when China started coming up, we lost the bus on the manufacturing side and we ...