Finance

Money laundering to become difficult in next 1-2 years: Finance Minister

New Delhi: Finance Minister Arun Jaitley today said tax evasion and money laundering will become “extremely difficult” in the next 1-2 years, with real-time global automatic exchange of information system coming into effect. “I am quite certain that the activity is going on in that direction and the next 1-2 years are also going to bring significant results because with almost ... Read More »

Government could cut corporate tax to 25% earlier than expected: Revenue secretary Hasmukh Adhia

New Delhi: Government may cut corporate tax to 25 percent from 30 percent before the expiry of the four year deadline, Revenue Secretary Hasmukh Adhia said on Monday. Corporate Inc. is also likely to see the roadmap for putting an end to corporate tax exemptions by December, and government was preparing blueprint for dealing with existing tax litigations, added the Revenue Secretary. Finance Minister ... Read More »

Moody’s ups Indian banking sector outlook to stable

New Delhi: Moody’s Investors Service today upgraded its outlook for India’s banking system to ‘stable’ from ‘negative’ on expectation that a gradual improvement in the operating environment for lenders will lead to lesser growth in bad loans in future. Moody’s had assigned a negative outlook to the Indian banking system in November 2011 as it was of the view that the ... Read More »

Coffee Day to list shares on stock exchanges Monday

New Delhi: Coffee Day Enterprises, which runs Cafe Coffee Day (CCD) outlets, will list its shares on stock exchanges Monday. “…Effective from Monday, November 2, 2015, the equity shares (20,60,01,719) of Coffee Day Enterprises shall be listed and admitted to dealings on the exchange in the list of ‘B’ Group of securities,” the BSE said in a circular. The equity ... Read More »

FPIs net inflow hit 7-month high of Rs 22,350 crore in October

New Delhi: Foreign investors pumped in over Rs 22,350 crore (USD 3.44 billion) in theIndian capital markets in October, the highest in seven months, buoyed by RBI’s rate cut and positive macroeconomic numbers. Most of the fresh capital has been infused in the debt market. The net inflow in equities stood at Rs 6,650 crore last month, while it was ... Read More »

Arun Jaitley to inaugurate conference on dealing with illicit fund flows

New Delhi: Finance Minister Arun Jaitley will Monday inaugurate an international conference which will discuss scope for regional cooperation to effectively deal with illicit financial flows, mainly from tax frauds and human trafficking. New Delhi: Finance Minister Arun Jaitley will Monday inaugurate an international conference which will discuss scope for regional cooperation to effectively deal with illicit financial flows, mainly ... Read More »

NSE extends concessional transaction fee in equity derivatives

New Delhi: The National Stock Exchange (NSE) has extended discounts of up to 45 per cent in transaction charges for trading on its equity derivatives platform for two months till December 31, a move that will help bring in more liquidity in the segment. The decision has been taken after receiving feedback from market participants. The exchange, in December last ... Read More »

Market valuation of top 9 companies tanks by Rs 81,812 crore

New Delhi: The combined market valuation of nine of the top 10 most valued Sensex companies eroded by Rs 81,812 crore last week amid an overall weak stock market sentiment. Barring Sun Pharma, rest nine companies, including ITC, CIL and HDFC witnessed decline in their market capitalisation (m-cap). On a weekly basis, the BSE benchmark index Sensex fell by 2.96 per ... Read More »

NSE, BSE to conduct 60-minute ‘Muhurat Trading’ on Diwali

New Delhi: Leading stock exchanges NSE and BSE will conduct a special session for ‘Muhurat Trading’ on account of Diwali on November 11. Trading would be conducted between 1745 hours and 1845 hours on the day, NSE said in a circular. “…A special live trading session shall be held on Wednesday, November 11, 2015 on account of Muhurat trading on ... Read More »

NSE, BSE to conduct 60-minute ‘Muhurat Trading’ on Diwali

New Delhi: Leading stock exchanges NSE and BSE will conduct a special session for ‘Muhurat Trading’ on account of Diwali on November 11. Trading would be conducted between 1745 hours and 1845 hours on the day, NSE said in a circular. “…A special live trading session shall be held on Wednesday, November 11, 2015 on account of Muhurat trading on ... Read More »