Promoters of Bajaj Auto sold more than 10 lakh shares to another promoter body Bajaj Holdings & Investment in a bulk open market transaction priced around Rs 180.45 crore, a step to strengthen their stake. According to the block deal data on hand with the Bombay Stock Exchange, 5 promoters of Bajaj Auto sold 10,47,500… Read More »
Telecom is one of the fastest growing sectors in India. India has the second largest telecom user base in the world. However, the companies are recently witnessing intense competition leading to a price war. The increasing proliferation of dual SIM cards in the market is also leading to subscribers shifting their operators from time to… Read More »
“Now the definitive list must of course be produced by the ‘High Commission’ of our party/association but I have a few suggestions of my own. All students, irrespective of caste, creed or religion must be provided with free laptops. I mean, didn’t somebody somewhere provide free colour TVs to everyone? Our request, then, is definitely… Read More »
Of the investments in Section 80C, ULIPs and ELSS (Tax Saving Mutual Funds with 3 years lock-in)could be considered by investors with a long term (above 7 years and 3 years respectively)investment purpose. EPF is unavoidable for the salaried employee, so it becomes an automatic investment.
What if you have worked a part of the financial year abroad and have already paid the tax there? It is not fair that you have to pay tax on the same income twice in two different countries. It is here double taxation treaties signed by India with 66 other countries will help you. As… Read More »
For the uninitiated and probably for the unmarried and divorcees too, a prenuptial agreement or more commonly called prenup or prenupt is a contract or agreement entered between two people about to wed! This contract clearly lays down the procedure of how assets and personal liabilities will be shared or distributed or spousal support in… Read More »
Ever heard of your dad or grand dad take a loan for a vacation or for that matter for a festive and high spending involved occasion like a wedding? Do you recall them buying clothes because retail therapy helped their blues every other month? They always preferred quality over quantity on anything purchased be it… Read More »
Surveys say that India is going to give the biggest salary hike in 2010. Salary increase for 2010 in India is projected to be 10.6 percent, the highest in Asia Pacific and up 60 percent from the actual increase of 6.6 percent in 2009. Indian owned companies are expected to outperform MNCs with a projected… Read More »
State Bank chairman OP Bhatt said that lending rates are unlikely to increase at least in the next 3-4 months since any rate increase in a low-demand situation can harm banks’ margins.
The competition in this arena is expected to further strengthen the infrastructure capabilities of CIBIL, which currently has the first mover advantage and a huge database to its credit, not to mention a huge list of banks and financial institutions as its members. On the other hand the new entrants come with the rich experience… Read More »