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Indian Finance
- Sensex Again Below The 10,000 Mark
Old habits die hard. This proverb aptly suits the sensex. The reason is that the sensex showed a sign of weariness on Monday after a pull back rally. The upmove in the Indian key indices ended as profit booking set in after several days of gains. ...
- Tata Motors?s Nano: A Silver Lining amidst the Dark Clouds of Recession
Tata Motor?s Nano – the world?s cheapest car - launch provides a fresh breath to the sensex. Markets all across Asia boosted the investors confidence and opened on a high, on Monday morning. Shares of Tata Motors were in the limelight. The upmove in the sensex was led by the ...
- Better Options than PPF and NSC to Save Your Tax
The very mention of the word ?Tax? triggers an unrest in a person?s mind and he starts looking for options to save it. Majority of people opt for National Savings Certificate (NSC) or Public Provident Fund (PPF) for tax saving purpose. Backed by the government, both NSC and PPF are ...
- ITAT ruling: A sigh of relief for the Expatriates
The current ruling of the Delhi bench of the Income Tax Appellate Tribunal (ITAT) might act as a breather for the expatriates during this time of recession. The ruling states that tax liability of the expatriate employees responsible for operations of a company in India as well as other countries ...
- Accelerate Your Dream To Buy A Car: Punjab National Bank Cuts Rates on Car Loans
There is a reason to smile for all car lovers. The Punjab National Bank (PNB) has reduced the interest rates on car loans by 50 basis points from March 1, 2009. The new car loan rates will now be in the 10.5-11.0 per cent band.
In past recessions, the wealthy ...
- ?Infosys Technologies? Move Is A Silver Lining Amidst Dark Clouds Of Recession
If the ongoing recession was not enough to dampen the spirits of the investors as well as the economy, the Satyam crisis added fuel to the fire. However, the fund managers in Bangalore have got a reason to smile, despite the general gloom. The reason is that it is after ...
- Railway Interim Budget Announced for 2009-2010
The UPA government?s last Railway Interim Budget (2009-2010) in its ongoing term has been announced by the Railway Minister, Lalu Prasad Yadav. Recording a whopping Rs 90,000 crore profit, the Indian Railways stands out as one of the most profitable sectors even amidst recession.
Although the Sixth Pay ...
- Satyam Losing Its Value Clients
Salvaging Satyam Computer services and cleaning up its mess is not a cake walk for the newly appointed chief executive officer A S Murty and chairman Kiran Karnik. The reason is that Satyam issue involves the livelihood of 53,000 employees and investment of three lakh shareholders. Moreover, Satyam has been ...
- Ambani?s elated with their New year?s Gift
The global recession may have hit the economies badly, but it has brought along a reason to smile for the Ambanis. Hong Kong-based journal, Asia Asset Management has named Reliance Mutual Fund as the country?s best fund house for 2008. According to this international publication, Reliance Capital Asset Management showed ...
- Investors to keep a watch on the Stock Market
Although the ongoing global recession has shattered the hopes of investors worldwide, there has been quite a few positive developments in the markets since the beginning of January, 2009. The good openings at the Indian stock markets have been the outcome of bailout package announced by the government as also ...
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