Category Archives: Finance

Draft Guidelines regarding Implementation of GAAR !

Draft Guidelines regarding Implementation of GAAR !

The hot money seems in all moods to make a beeline for the India equities with today’s guidelines from the government on controversial GAAR taxes. With Pranab-da rising to the occasion as UPA-nominated Presidential candidate, Prime Minister seems to have wasted no time in coming clean on the tax guidelines, which had prompted extreme pessimism…Continue Reading

HDFC Bank emerges as India’s most valued lender !

HDFC Bank emerges as India’s most valued lender !

Recent fluctuations in the equity market have triggered the wild changes in the fortunes of the Indian companies. At first, it was Coal India grabbing the numero uno position from India’s largest private sector company by market capitalization Reliance Industries. However, the new draft mining bill spelled doom for Coal India prospects, which proposes give…Continue Reading

India’s Indirect Tax Revenues fall by 2.5% in October 2011 !

India’s Indirect Tax Revenues fall by 2.5% in October 2011 !

The indirect tax revenues for the exchequer fell by 2.5% to Rs.30278 crore in October 2011 as against Rs.31058 crore reported last year, led by slowdown in industrial production and cut in duty rates in petroleum products. Indirect tax revenues comprise of customs, excise and service tax. While the custom duty collections dropped by 11.6%…Continue Reading

Italy debt crisis: Too big to bailout !

Italy debt crisis: Too big to bailout !

Even as the Greek problems refuse to subside for the ailing Euro zone, Italy’s $2.5 trillion debt has ballooned in front of the globe as too big to bailout economy. Italy is the third largest economy in the euro zone with a debt of 120% of their GDP. Looking at the tumultuous crossover of events…Continue Reading

Bharti Airtel Q2 FY12 profit down 38% to Rs.1027 crore !

Bharti Airtel Q2 FY12 profit down 38% to Rs.1027 crore !

Bharti Airtel posted lower than expected second quarter net profit of Rs.1027 crore, down 38% from September-end quarter last year, marred by higher debt servicing costs and spectrum purchases. The telecom operator’s roll-out of 3G network resulted in higher amortization cost of Rs.164 crore during the quarter. Total sales for Q2 FY12 stood at Rs.17270…Continue Reading

M&M October sales jump 20% to 41506 units!

M&M October sales jump 20% to 41506 units!

Tractor major M&M reported 31% jump in its tractor sales to 31838 units in October 2011; even as the auto-maker logged in total sales of 41506 units, up 20.32% from 34495 units sold October 2010 period. Mahindra’s sales from passenger vehicles such as Scorpio, Xylo, Bolero and the all-new sports utility vehicle XUV500 amongst others…Continue Reading

HPCL reports Q2 Net Loss of Rs.3364 crore !

HPCL reports Q2 Net Loss of Rs.3364 crore !

State-owned HPCL posted a net loss of Rs.3364 crore for the second quarter ended September 2011 hit by under-recoveries on subsidized fuel sales, as against Rs.2089 crore profits for the year ago period. Moreover, the oil marketing firm HPCL’s losses arrived on the back of its healthy sales growth of 20.6% to Rs.37030 crore in…Continue Reading