M-cap of 35% of BSE-500 companies, excluding financial ones, is below their debt or just a shade above
In the December quarter, Sensex earnings had contracted 5 per cent.
The country imported 9.31 million tonnes (mt) of steel in FY15.
Any change in rates would mean more volatility; else, poll outcome-fuelled rally expected to continue.
Industry demands the basic customs duty on all steel imports to be raised to 25%
The market breadth in BSE remains positive with 1,554 shares advancing and 1,196 shares declining.
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Cumulatively for the first two quarters till now, the advance tax collections from the Mumbai zone, which contributes over a third of the income tax collections nationally, have grown 11 per cent, the official said.
Budget in the medium term aims to kick-start the investment cycle.
Karnataka proposes to auction 15 of its Category-C mines to end-users.
'Now that there is an election in the offing, she is repeating the same old promises. Does she think the people of Bengal are fools to fall for her lies?'
Friendlier government policies, greater demand and better supply of coal have fuelled investor interest.
Though the current National Democratic Alliance government has not endorsed the figure, it has not even repudiated it.
India's good fortune, experts in the US feel, is not the result of a fundamentally strong economy, but because it is the best of a bad set of options.
It emphasised that agricultural infrastructure needs considerable investments and hence Section 80IA benefits must be extended to all such investments like IT infrastructure, computers, VSAT, solar panels, water harvesting facilities, storage etc.
The Modi government's e-auction policy for coal, meant to shield the consumer against hike in electricity charges, has already led to serious allegations of cartelisation among the bidding corporates. Matters came to such a pass that the government at one point last week was considering inviting the Central Bureau of Investigation to probe the matter, reports Sheela Bhatt/Rediff.com.
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