There have been demands from a section of stakeholders that the long-term capital gains tax on equities be reimposed.
According to IndusView, a consultancy firm on mergers and acquisitions, 2007 would see a record number of Indian companies acquiring businesses in Europe, while Western companies would make increased efforts to take a stake in India.
Top losers include ONGC, SBI, PowerGrid, L&T, Yes Bank, Asian Paints, Bajaj Finance, Maruti and NTPC, falling up to 2.84 per cent. On the other hand, gainers include Tata Motors, TCS, HDFC, HCL Tech, Infosys, ITC, HDFC Bank and HUL, rising up to 2.18 per cent.
Such listings will help internationalise our currency, give us economic heft, compel best in class regulations and further develop the professional-services ecosystem., says Amit Tandon.
The dollar firmed up against some global currencies.
Mauritius FDI source for India during Apr-Dec.
The rupee has gained by 21 paise or 0.31 per cent in last two days
The new system would be especially beneficial for Qualified Foreign Investors.
According to the latest IT sector M&A data from Grant Thornton, a total of 175 IT and ITeS deals were announced during the first nine months of 2007 with a total value of $3.59 billion. This translates into an average of 1.54 deals in a day or more than three deals in two days.The 175 deals during January-September period included 120 M&A deals worth $2.54 billion and 55 private equity deals worth $1.05 billion.
Rupee retreats from 3-week high against dollar ahead of Budget.
The income tax (I-T) department in Mumbai has requested Vodafone to make an application to the assessing officer for determining the exact tax liability resulting from buying out 62 per cent equity stake from Hutchison in Hutchison Essar Ltd.
The government is also working on Euroclearing, the world's biggest bond settlement system, for Indian debt securities.
