Tag Archives: 13

Stock markets post best one-month pre-Budget gain in 13 years

Indian stock markets have posted their best one-month pre-budget gain in 13 years. Benchmark indices have gained 5.6% in the month to Thursday’s Union Budget, riding the coat tails of a worldwide equities rally. Abundant liquidity and expectations that the budget will boost the rural economy and revive private investment, without compromising on fiscal prudence, have aided the run-up. The ... Read More »

EU hits Apple with 13 billion euro Irish tax demand

The European Commission ordered Apple Inc. to pay Ireland unpaid taxes of up to 13 billion euros (11 billion pounds) on Tuesday as it ruled the firm had received illegal state aid. Apple and Dublin said the U.S. company’s tax treatment was in line with Irish and European Union law and they would appeal the ruling, which is part of ... Read More »

Rupee firms up 13 paise against dollar in early trade

Rupee strengthened by 13 paise to 66.31 against the US dollar in early trade at the Interbank Foreign Exchange market on selling of the American currency by exporters amid foreign fund inflows. Weakness in dollar against some other currencies overseas and a higher opening in the domestic equity market supported the rupee, forex traders said. The rupee had lost 11 ... Read More »