Nifty has recorded its best gain in past five years on Budget day, by gaining nearly one percentage points, after the Finance Minister Arun Jaitely in his first Budget which focussed on growth.
The Budget has announced tax-free bonds for infrastructure projects. “The bonds will offer a good opportunity for those in the higher tax bracket,&" said Jayant Manglik, president – retail distribution, Religare Securities.
The markets may have initially reacted negatively due to lack of so-called ‘Big Bang’ measures but as clarity dawns on various issues, it seems there are more gainers than losers in the Union Budget proposals.
The Budget for 2015-16 is the first that is drafted entirely by Finance Minister Arun Jaitley, and much was expected from it.
It has been a volatile day for the markets as they reacted to the Union Budget 2015 proposals.
Finance Minister Arun Jaitley has proposed a 25% increase in 65 mm cigarettes and 15% in other categories, which is more than what the market had anticipated.Market leader, ITC's stock tumbled 8% on news of the steep hike.
If sources are to be believed, industry heavyweights have frequented government departments in Delhi over the last few weeks to voice their concerns and share their demands.
The Larsen and Toubro consortium has been shortlisted for the multi-year Rs 50,000-crore battlefield management system (BMS) programme, which could translate into orders of about Rs 10,000 crore by FY17. The BMS project, which will enable real time
We have a new star in the government, and his name is Suresh Prabhu.
LOOK AND FEELInspired by the IMF’s World Economic OutlookDeparts structurally from its predecessorsAims to be as accessible as a blog, without sacrificing on rigourVolume 1 discusses the outlook and prospects and
The imposing white mansion with walls like ramparts on Road No 3, Banjara Hills, one of Hyderabad's most exclusive residential areas, appears deserted, with even the security guard's post abandoned.