Rupee ended weak against the dollar.
With a slew of measures for mutual fund investors, Sebi has regulated that Selling of bonus units in mutual funds before nine months can lead to more tax liability, but it does not apply to stocks. This is because an amendment was made in the Income Tax Act, which prevents tax payers from 'bonus stripping'. This provision mentions that if there is any loss when the investor redeems bonus units in the first nine months the loss will not be considered as part of taxable income.
A firming trend in domestic stock markets, however, capped the rupee fall to some extent
'India is a pharma dada. We can manufacture enough for our people and for the world.'
The rupee had hit a record low of 68.85 in August 2013.
The US dollar index, which tracks the greenback against a basket of six major currencies, was 0.38 per cent lower at 95.41.
India's sad export figure put pressure on the rupee
Mumbai developers are battling high inventory.
'I would urge my Indian friends to look at how significant the overall support was.'
The following is the full text of US President Donald Trump's first address to a joint session of the Congress on February 28, as prepared for delivery and released by the White House press office.
Weak GDP data and unfaouvrable global data has pulled down Sensex, Nifty.
The S&P BSE Sensex ended up 129 points at 26,843 and the Nifty50 ended up 39 points at 8,220.
A mixed global trend and weakness in rupee influenced the sentiments during the day.
United States Vice President Joe Biden on Monday left for a rare vice presidential trip to India for the first leg of his visit to the Asia-Pacific region.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Though it has been more than six months since the ban on entry load on mutual funds (MFs) came into force, independent financial advisors (IFAs) are still shying away from selling MFs.
United States Defence Secretary Robert Gates is expected to undertake a visit to India later in January, during which the two sides will discuss ways to push their defence cooperation, and take stock of the situation in Afghanistan and Pakistan. Dates for the visit are being worked out, defence ministry sources said on Monday.Gates will hold talks with Defence Minister A K Antony and meet top officials of the armed forces.
The total earnings in Q1 rose 14.54 per cent, while working expenses grew at a measly 4.22 per cent.
Private-equity funds made an average annual return of just 7 per cent between January 2007 and December 2013 while the Sensex was up 11 per cent.
While the MRP of the device is Rs 37,380, Samsung Galaxy Note II is being sold at much lower prices on e-commerce portals.
Experts expect the trend to continue in the near term.
Jewellery stores remained deserted as buyers deferred their non-essential purchases awaiting softness in gold prices.
Launches of new homes reduced drastically this year.
In New York, the US currency fell against the Australian dollar and British pound on Monday as investors continued to weigh the potential weather drag on recent economic data, and whether or not it could sway monetary policy.
S&P BSE Midcap index and S&P BSE Smallcap were down 2% and 1.3% respectively
The rupee on Tuesday gained 14 paise to close at 61.88 against the dollar.
Tax planning should not be left for March. If you do so, you could face a severe cash crunch in that month, warns Sanjay Kumar Singh.
In New York, the US dollar swung higher against many of its rivals on Wednesday.
Joe Biden will embark on his maiden visit to India as United States Vice President on July 22 to discuss key bilateral issues, including trade, energy and defence, to make Indo-US ties the most important strategic partnership of the 21st century.
Consistent capital inflows and a recovery in local equities helped the local unit to trim initial losses
The rupee recovered from initial losses against the American currency and was quoted higher by 6 paise to 62.00 on fresh selling of dollars by banks and exporters in view of strong foreign capital inflows into equity market.
The valuation was more conservative than the $15 billion some analysts had expected for the social media phenomenon, potentially attracting investors who might consider the money-losing company's listing price a better deal, with room to rise.
The Indian rupee slumped to a record low near 69 to the dollar on Wednesday on growing worries that foreign investors will continue to sell out of a country facing stiff economic challenges and volatile global markets.
One category which stands out is fixed maturity plans due to its tax benefits, notes Prateek Mehta, CEO and company-co-founder, Upwardly.in.
The broader markets ended negatively with mid-caps and small-caps shedding 0.5 per cent on the BSE.
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