Money News - Page 5

Will tax terrorism reach your home? Jaitley wants to know where did you go last year

The new tax returns we have to file for the last financial year is more intrusive in the level of details its seeks from taxpayers. It could bring fear of the taxman into every home unless the law specifically prevents this from happening.

More transparency: Here's how RBI's directive on differential rate will benefit you

For banks, the new structure wouldn’t make much of difference

Sensex up 167 pts after Moody's upgrades India's rating outlook to positive

The market rose after the rating agency upgraded its rating outlook for India

Taking stock: Equity investors' wealth surged Rs 27.4 lakh cr in 2014-15; Axis Bank up 93%

FIIs, the major drivers of the rally, pumped in $18.3 billion in fiscal 2015 as against $13.4 billion in the previous fiscal

FM's steps will make NPS attractive; ball in pension fund authority's court now

While life insurance may not be strictly necessary for those who are not going to leave behind dependants, pension is a must for the non-propertied class

Ex-PM, Birla summoned in coal scam: Hindalco stock plunges 5%, biggest loser in markets

The case pertains to allocation of Talabira II coal block in Odisha to M/s Hindalco in 2005, when the then Prime Minister Singh was holding the coal portfolio.

For middle-class to benefit, infra bonds should be tax deductible, not tax-free

Jaitley has given the benefits on a platter to the money bags while thumbing his nose at the middle class

Sensex crosses 30,000, Nifty at life high as markets cheer RBI rate cut

The Nifty was also a life time high as markets cheered the RBI's decision to cut monetary rates, a decision that it sees as a boost for industrial growth.

Budget 2015 effect: Sensex jumps 209 points, Nifty up 63 points at open

The 30-share index rose further by 209 points, or 0.71 per cent, to 29,570.50.

Budget 2015: Long-term measures and no numbers dampen day traders day

“This was probably the first budget where the FM concentrated more on the long-term measures than simply talk numbers about the sector.

Budget 2015: Given the good they do nation, infrastructure bonds should be open to all

The government even while encouraging tax culture must not look down upon tax savings through infrastructure-centric investments

Budget 2015: Eliminate physical cash, says TechProcess CFO

The Govt must introduce rules to deem cash transactions above certain value illegal; charge a fee on large cash withdrawals with additional scrutiny; and announce tax rebate for businesses accepting electronic payments.

Budget 2015: Fiscal consolidation is the most important reform that markets are waiting for

Focus on improving the tax-to-GDP ratio from current 10.6 percent levels, lowering the subsidy bill from over 2 percent of GDP and spending on creation of assets will help the government on its fiscal consolidation path

Even if Budget 2015 is a good one, markets will struggle in the short term

What the market seems to be indicating is that the medium term picture still looks good, despite the near term gloom

Sensex hits 3 week high on optimism over upcoming Budget, rate cut hope

Riding high on optimism over the upcoming Budget and hopes of rate cut, Indian markets rose for the sixth straight day with benchmark Sensex surging 184.38 points to close at three-week high of 29,320.26 today.

Budget 2015: Dear Jaitley, salaried class deserves exclusive tax benefits

The income-tax law indeed is caught in a time warp especially for the salaried class

Markets snap 7-day gain, Sensex ends down 280 points on heavy selling pressure

Sensex fell for the first time in eight days, dropping 230.86 points to close at 29,231.41 on selling in bluechips, including RIL, and caution ahead of the the Union Budget.

Rupee gains 12 paise, closes at 62.22/$

Bucking the weak trend in Indian shares, the rupee today closed with a gain of 12 paise against the American currency at 62.22 on selling of dollars by banks and exporters.

Sensex rises for 7th day, gains 142 points as metal stocks shine in trade

Sensex rose 142 points, extending its winning run to the seventh day, buoyed by gains in HDFC, Infosys and L&T as well as fag-end buying in metal shares

IPL auction: Yuvraj Singh should not have to pay more tax than Aaron Finch

Why do we go overboard in our tax hospitality to foreign sportspersons? The ostensible reason is to attract the best talent so that a nation lagging behind in sports gets to watch the best in the field and learn.

Sensex gives up early gains, slips into negative on profit-booking

Sensex failed to hold its initial gains and slipped into the negative territory by falling over 155 points in late morning trade

Sensex up 111 points in early trade as consumer durables lead gains

A benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), Thursday was trading 110.74 points or 0.38 percent up as consumer durables stocks surged.

Rupee snaps two-session gain, falls 18 paise to close at 62.34/$

The Indian rupee today snapped its two-session uptrend against the American currency, falling 18 paise to close at 62.34 on fresh dollar demand from banks and importers.

Rupee falls 10 paise to 62.26/$ in early trade

The rupee depreciated by 10 paise to 62.26 against the dollar in early trade today at the Interbank Foreign Exchange due to appreciation of the US currency overseas.

Sensex up 92 points in morning trade as capital goods stocks surge

A benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), Wednesday was trading 92.58 points or 0.32 percent up as capital goods stocks surged.

Markets gain for the third day, Sensex ends up 271 points ahead of CPI data

Ahead of the release of crucial inflation data, Sensex provisionally closed Thursday's trade up 271 points or 0.95 percent.

High on data: Sensex climbs 150 points, Nifty up ahead of IIP, inflation data

Expectations of faster economic reforms by the government and optimism over the forthcoming Budget, buoyed trading sentiments.

Rupee falls for the third day, ends at fresh one month low of 62.25/$

The Indian rupee fell for the third consecutive session today against the American currency, slipping by six paise to close at fresh one-month low

Markets gain for second day, Nifty closes above 8,600 on reforms hope

Nifty index reclaiming the 8,600-mark powered by a rebound in bluechips amid hopes of faster reforms and optimism over the upcoming Budget.

Sensex gains 134 points on value buying, positive global markets

The benchmark BSE Sensex rose over 134 points in early trade today on value-buying by investors in selective stocks amidst optimism over the upcoming Budget.