News with Tags "cent"

Steel & Mining: Jaitley adds shine to metals

Posted on Friday, July 11, 2014 - 11:39 am

Metal stocks closed upwards on Thursday as the finance minister made a series of announcements impacting the sector. However, quite a few companies are not cheering.


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Posted by on Friday, July 11, 2014 - 11:39 am.
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Budget 2014: Arun Jaitley vows to woo FIIs; five takeaways for markets

Posted on Friday, July 11, 2014 - 10:29 am

NEW DELHI: Finance Minister Arun Jaitley, who has set himself a daunting task to maintain FY15 fiscal deficit target at 4.1 per cent, announced several measures to enthuse foreign institutional investors.

Here are five takeaways in the regard from Budget 2014:

1) FDI in insurance sector: The government has increased FDI in insurance up to 49 per cent from 26 per cent earlier. It would enable many promoters of Indian companies to sell their shares as well as infuse new capital in the firms.


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Posted by on Friday, July 11, 2014 - 10:29 am.
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Now, smoking is injurious to wealth

Posted on Friday, July 11, 2014 - 09:39 am

Finance Minister Arun Jaitley proposed to increase the excise duty on cigarettes to the range of 11-72 per cent. Likewise, Jaitley chose to increase the excise duty on paan masala to 16 per cent from 12 per cent, on unmanufactured tobacco to 55 per cent from 50 per cent, and on gutkha and chewing tobacco from 60 per cent to 70 per cent.


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Posted by on Friday, July 11, 2014 - 09:39 am.
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Fillip for textiles, garments

Posted on Friday, July 11, 2014 - 08:41 am

In a boost to the readymade garment sector, the Budget has announced duty-free entitlement for import of trimmings, embellishments and other specified items to five per cent of the value of their exports, from the current three per cent.

“This will help increase exports and is a good boost for the industry,” said Rahul Mehta, president of the Clothing Manufacturers Association of India. The government has fixed a $ 50-billion textile export target for the current year. Nearly 40 per cent of this is readymade garments.   


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Posted by on Friday, July 11, 2014 - 08:41 am.
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800-point volatility on Sensex marks Budget; here’s how experts explain it

Posted on Friday, July 11, 2014 - 04:29 am

MUMBAI: It was roller-coaster ride for Sensex on Budget day. The index swung over 800 points intraday before closing in the red.

The market began on a positive note and turned rangebound as investors awaited the budget speech to be delivered. Hopes have been high in the market from the budget and there were some concerns as well.


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Posted by on Friday, July 11, 2014 - 04:29 am.
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Budget Math! Experts say markets may fall but 15 years data points otherwise

Posted on Thursday, July 10, 2014 - 10:29 am

NEW DELHI: Two big ticket events namely Economic Survey and Railway Budget failed to impress markets – now all eyes are set on the Union Budget 2014 which is likely to set the tone for markets going forward, say analysts.

Now the big questions is – how will markets react on the Budget day, July 10? If history is of anything to go by then data suggests that markets have corrected 8 times in the last 15 years and rose 9 times on the Budget day in the same period.


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Posted by on Thursday, July 10, 2014 - 10:29 am.
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Asia: Markets decline after Wall St sell-off

Posted on Wednesday, July 9, 2014 - 22:05 pm

HONG KONG: Asian markets sank yesterday, following a negative lead from Wall Street and talk of a possible correction for global equities after their rally over the past few weeks.


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Posted by on Wednesday, July 9, 2014 - 22:05 pm.
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RBI may sell 91-day treasury bills at 8.54 per cent: Poll

Posted on Wednesday, July 9, 2014 - 13:46 pm

The Reserve Bank of India is expected to set a cut-off yield of 8.54 per cent at its 91-day treasury bill auction later in the day, higher than last week’s cut-off yield of 8.5201 per cent, according to a median forecast of a Reuters poll of 10 traders.

The highest yield polled was 8.59 per cent, while the lowest was 8.50 per cent on the 91-day t-bills.


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Posted by on Wednesday, July 9, 2014 - 13:46 pm.
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Five reasons why markets will do well even if Budget 2014 disappoints

Posted on Tuesday, July 8, 2014 - 07:29 am

MUMBAI: Deficient rains are making consumers unhappy across the country as they face the prospect of water cuts and high prices of essential commodities. But the same cannot be said of investors who are watching with glee as the Sensex and the Nifty scale new highs almost on a daily basis.

A few weeks before Raghuram Rajan took over as governor of Reserve Bank of India last year, the Sensex plunged to its 2013 low of 17,903. It has since climbed 45.7 per cent riding on the election euphoria generated by Narendra Modi’s campaign. India is today the best-performing market in the world.


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Posted by on Tuesday, July 8, 2014 - 07:29 am.
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Sensex comapnies to post double digit earnings growth in Q1: Deutsche Bank

Posted on Sunday, July 6, 2014 - 19:29 pm

MUMBAI: The BSE Sensex companies will continue posting double digit growth for the fourth consecutive quarter during the results season starting this week, foreign brokerage Deutsche Bank has said.

“We expect a continuation in earnings turnaround…this will be the fourth straight quarter of double-digit growth in key metrics of Sensex, underscoring our positive outlook on Indian equities,” it said in a note.


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Posted by on Sunday, July 6, 2014 - 19:29 pm.
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Markets likely to cheer subsidy being slashed on LPG in Budget 2014

Posted on Saturday, July 5, 2014 - 19:29 pm

By Aviral Gupta

The Budget session of Parliament will be held from July 7 to August 14 and the first Union Budget of the Narendra Modi government will be presented on July 10, Thursday. The Rail Budget will be presented on July 8, Tuesday, while the Economic Survey will be released on July 9, Wednesday.


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Posted by on Saturday, July 5, 2014 - 19:29 pm.
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Hong Kong: Flat on profit-taking

Posted on Saturday, July 5, 2014 - 12:06 pm

SHARES finished flat yesterday, with a record Wall Street lead offset by profit-taking while investors await the release of key US jobs data.


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Posted by on Saturday, July 5, 2014 - 12:06 pm.
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Asia:Shares sink after losses on Wall St

Posted on Saturday, July 5, 2014 - 02:05 am

HONG KONG: Asian markets were mostly lower yesterday following losses on Wall Street fuelled by anaemic United States consumer spending.


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Posted by on Saturday, July 5, 2014 - 02:05 am.
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Hong Kong: Up in late buying spree

Posted on Saturday, July 5, 2014 - 00:07 am

SHARES ended 0.10 per cent higher yesterday, thanks to a late buying spree, bucking a broad regional sell-off despite a negative lead from Wall Street.


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Posted by on Saturday, July 5, 2014 - 00:07 am.
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Quality midcap stocks that can double your money in two years

Posted on Friday, July 4, 2014 - 16:29 pm

NEW DELHI: The dream run for Indian markets has already started with benchmark indices hitting record highs, almost on a daily basis. Both the BSE Sensex and the Nifty have already rallied over 22 per cent each so far in the year 2014.

But will the dream run continue or will it hit a brick wall as we approach higher levels? Are there any specific stocks or sectors where investors can look at parking their funds for a period of more than 1 year? Well, according to analysts, the answer might not be that simple.


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Posted by on Friday, July 4, 2014 - 16:29 pm.
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Jobs drive Dow, S&P to records in short session

Posted on Friday, July 4, 2014 - 12:06 pm

NEW YORK: Wall Street’s holiday-shortened session ended with multiple records on Thursday, with the Dow topping 17,000 for the first time after the June jobs report came in much stronger than expected.


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Posted by on Friday, July 4, 2014 - 12:06 pm.
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Arabica coffee output headed for a record low

Posted on Thursday, July 3, 2014 - 09:39 am

Arabica coffee production is headed for a major drop this year, as White Stem Borer (WSB) continues to take a heavy toll on the yield. Planters fear the production would come down to a record low of 60,000 tonnes, if the monsoon situation doesn’t improve in July. The absence of rain in July would result in further dry spell, which is conducive for the WSB pest.


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Posted by on Thursday, July 3, 2014 - 09:39 am.
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North-based sugar mills stare at financial woes

Posted on Thursday, July 3, 2014 - 06:39 am

For most sugar mills in northern states, especially Uttar Pradesh, their dues are substantially higher than the value of their inventories, which poses a threat to their potential to raise working capital for the next season.


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Posted by on Thursday, July 3, 2014 - 06:39 am.
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TSX closes at record high of 15,209

Posted on Thursday, July 3, 2014 - 04:05 am

The Toronto stock market racked up a new record today amid a strong report about Canadian manufacturing and hopes for better job numbers out of the U.S.


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Posted by on Thursday, July 3, 2014 - 04:05 am.
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Toronto stock market to head higher amid strong U.S., China manufacturing data

Posted on Thursday, July 3, 2014 - 01:22 am

TORONTO – The Toronto stock market racked up a solid gain Wednesday amid rising hopes for a strong reading on U.S. job creation as traders also caught up with to two positive manufacturing reports that were released while the TSX was closed for Canada Day.


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Posted by on Thursday, July 3, 2014 - 01:22 am.
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