Your Guide to Budget 2015

Finance Minister Arun Jaitley presented the Union Budget in Parliament, one that experts largely said may not qualify as 'big bang'. But it clearly contained several key provisions that would go a long way in boosting infrastructure and growth, bringing...

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IOC to raise diesel, petrol prices from Sunday

Retail prices of petrol will be raised by 3.18 rupees a litre and that of diesel by 3.09 rupees a litre, it said in a statement on Saturday. Indian Oil Corp  said it would raise the retail price of petrol by 5.5 percent and that of diesel by...

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Union Budget 2015: Here's why India Inc gives thumps up to Jaitley's Budget

Hailing Finance Minister Arun Jaitley's maiden full year Budget Saturday, Vinayak Chatterjee (CII) Chairman, Feedback Infra said it was a very good Budget for the infrastructure sector. According to him, heavy investment in infra will boost economy significantly....

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Tax dept chiefs outline Budget 2015's vision

In an interview to CNBC-TV18's Shereen Bhan, Anita Kapoor, Chairperson of CBDT & Kaushal Srivastava, Chairperson of CBEC, gave their take on Arun Jaitley's Union Budget, the projections made therein and reflect upon the tax changes the government...

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How the 2015 Union Budget affects the auto sector

The 2015 Union Budget tabled by the Union Finance Minister, Arun Jaitley did not bring the kind of reforms the auto sector expected. There are, however, a few divisions that got a boost though I believe it's largely the commercial vehicle segment that...

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Auto Budget 2015: Vinod Dassari from Ashok Leyland comments

"The main budget feels like solid middle order batting that follows an explosive opening knock by the Honorable Railway Minister. Three themes in this budget are critical to industry. The first theme is infrastructure. Over 100,000 km of roads have...

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Footwear industry says duty cut to help competitiveness

"The footwear industry is particularly bullish as for shoes having MRP of above Rs 1,000 per pair will now attract half the excise duty by halving the duty from 12 to 6 percent," Liberty Footwear Chief Executive Adesh Gupta said. The Budget proposal...

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Weekly wrap: Sensex, Nifty churn gains in Budget week

It was an action packed extended week which started off with President Pranab Mukherjee's speech marking the beginning to the Budget session of the parliament and culminated with the announcement of the Union Budget 2015 by Finance Minster Arun Jaitley...

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Here's what tax experts make of Jaitley's Budget 2015-16

Rohan Shah, Managing Partner, ELP told CNBC-TV18 that in the short-term the tax for Corporate India has gone up and the hike in service tax was also on cards. Rohan Shah, Managing Partner, ELP told CNBC-TV18 that in the short-term the tax for Corporate...

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Congress brands Union Budget as 'anti-farmer'

Speaking to CNBC-TV18's Shereen Bhan, Congress spokesperson Randeep Singh Surjewala said Arun Jaitley's Union Budget 2015-16 was "anti-farmers" as it ignores agriculture. Speaking to CNBC-TV18's Shereen Bhan, Congress spokesperson Randeep Singh Surjewala...

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PSU bank unions threaten 4-day strike from Feb 25

Public sector bank employee unions today threatened go on a four-day nation-wide strike beginning February 25 to press for their wage-related demands. Banks have been providing for a 15 percent wage hike since November 2012. Thus, banks already have...

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IIM-C placement sees demand from e-commerce majors

Indian Institute of Management Calcutta (IIM-C), which achieved 100 per cent final placements for the 2013-15 batch in just two and half days, has witnessed good demand from e-commerce industry this year. In the batch of 438 students, e-commerce industry...

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SEML withdraws plea against its disqualification in coal

It withdrew the plea after the bench of justices Badar Durrez Ahmed and Sanjeev Sachdeva observed that the company had not made out its case and had furnished incorrect information which was not falling under the parameter set by the Coal Ministry for...

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Budget 2015 wishlist from Young Turks

Young Turks caught up with Kunal Bahl of snapdeal.com and Punit Goenka of Zee Entertainment Enterprises to find out what they want from Budget 2015. We are exactly a week away from the Modi government's first full fledged Budget. A Budget that is...

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Should govt stick to 3.6% fiscal deficit? Experts debate

Trying to blend the best of policy advice and market wisdom is never easy. However, at the moment, a couple of questions are plaguing most people - should the government abide by the fiscal deficit, where should it spend to pump prime the economy, where...

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Overdrive: Auto Selector answers your queries

Watch Auto Selector of Overdrive with Bertrand D'Souza on the important launches this week. Watch Auto Selector of Overdrive with Bertrand D'Souza on the important launches and unveils this week. ...

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Need to push reforms in services sector: Sitharaman

Stressing the need to boost service exports, Commerce and Industry Minister Nirmala Sitharaman said the government will identify "key barriers" facing the sector and then undertake "specific reforms". The minister discussed about various issues pertaining...

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Rajan favours punishing black money holders

Reserve Bank Governor Raghuram Rajan today favoured punishing black money holders by streamlining laws that should be enforced better. Terming the black money issue as "sensitive" he said what is important is ensuring that conditions are such that people don't...

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Overdrive: Facelifts upgrades of Verna, Jetta Amaze

Every product has a calculated lifecycle and even the most successful ones need to go under the knife once in a while to stay fresh and relevant in their categories. Overdrive puts the spotlight on three such cars, the Amaze, the Jetta and the Verna....

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Centre to introduce draft bill on small factories in Budget

The NDA government is all set to move amendment proposals to Child Labour (Prohibition and Regulation) Bill and Factories Act, 1948 and introduce Draft Bill on Small Factories (Regulation of Employment and Condition of Service) in the upcoming budget...

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MM plans to invest Rs 4,000cr on new plant in Tamil Nadu

The Tamil Nadu government has promised to allocate 255 acres of land in Cheyyar in Kancheepuram district for the proposed facility which would be the largest for the company in the country, outside Pune, he said. Auto major  Mahindra and Mahindra...

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Accumulate Bajaj Electricals; target Rs 240: Kotak Sec

Kotak Securities is bullish on Bajaj Electricals and has recommended accumulate rating on the stock with a target price of Rs 240, in its research report dated February 13, 2015. Kotak Securities' report on Bajaj Electricals BAEL has reported Q3FY15...

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Buy Bank of India; target of Rs 285: P Lilladher

Brokerage house Prabhudas Lilladher is bullish on Bank Of India (BOI) and has recommended 'Buy' rating on the stock with a target price of Rs 285, in its research report dated February 12, 2015. Prabhudas Lilladher's report on  Bank Of India (BOI)...

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Buy Coal India; target of Rs 415: ICICIdirect

ICICIdirect.com is bullish on Coal India and has recommended buy rating on the stock with a target price of Rs 415, in its research report dated February 13, 2015. ICICIdirect.com's report on  Coal India Total operating income for Q3FY15 came...

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Accumulate Simplex Infra; target Rs 435: Kotak Sec

Kotak Securities is bullish on Simplex Infrastructures and has recommended accumulate rating on the stock with a target price of Rs 435, in its research report dated February 13, 2015. Kotak Securities' report on Simplex Infrastructures "Revenues for...

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Reduce BHEL, recommends Kotak Securities

Kotak Securities has recommended a reduce rating on Bharat Heavy Electricals (BHEL), in its February 13, 2015 research report. Kotak Securities' report on  Bharat Heavy Electricals (BHEL) "BHEL's third quarter numbers fell short of expectations...

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Buy Escorts; target Rs 160: Kotak Securities

Kotak Securities is bullish on Escorts and has recommended buy rating on the stock with a target price of Rs 160, in its research report dated February 13, 2015. Kotak Securities' report on Escorts "Revenues at Rs.10464 mn declined by 10% YoY on the...

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Sun Pharma Q3 net declines 7% to Rs 1,425 cr

Drug major  Sun Pharmaceutical Industries today reported a 6.92 percent decline in its consolidated net profit at Rs 1,425.07 crore for the third quarter ended December 31, 2014.The company had posted a net profit of Rs 1,531.09 crore for the corresponding...

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Bank unions want FM to step in to resolve wage hike issue

There are 27 government-owned banks in India with a combined employee strength of about 8 lakh. These lenders have around 50,000 branches across the country. Days ahead of a proposed strike by PSU banks' employee unions, a top union leader today sought...

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Gold falls on low demand; silver rises on global cues

Traders said slackened demand from jewellers and retailers at prevailing levels mainly led to the decline in gold prices. Gold prices fell by Rs 40 to Rs 27,630 per 10 grams at the bullion market today as demand from jewellers and retailers eased...

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Siemens to support India in its mfg initiative: Global CEO

In an interview with CNBC-TV18's Archana Shukla, Joe Kaesar, President and CEO, Siemens AG, discussed the company's restructuring plans, business operations and the outlook going forward. The German industrial conglomerate recently completed a restructuring...

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It is clear majority for AAP in Delhi, say exit polls

All the exit polls have predicted a majority for the Aam Aadmi Party (AAP) in the Delhi Assembly elections with one of them giving it as high as 53 seats in the 70-member House. All the exit polls have predicted a majority for the Aam Aadmi Party...

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Exit polls give majority to AAP, BJP 2nd, Cong distant 3rd

All exit polls are predicting that AAP will easily cross the halfway mark of 35 in the 70-member Delhi Assembly, voting for which took place on Saturday. Arvind Kejriwal-led Aam Aadmi Party is likely to get a clear majority and form the next government...

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Maha CM urges Centre to remove bottlenecks in JNNURM

The chief minister was speaking at Consultative Workshop on Urban Governance organised here by the Central government and was also attended by Union Urban Development minister Venkaiah Naidu. Maharashtra CM Devendra Fadnavis Saturday urged the Centre...

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TVS Srichakra Q3 profit jumps 152% to Rs 26.46 cr

Two and three wheeler tyres maker TVS Srichakra has registered over 152 percent net profit in its third quarter ending December 31, 2014 to Rs 26.46 crore. Two and three wheeler tyres maker  TVS Srichakra has registered over 152 percent net profit...

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Marico Kaya's net zooms at Rs 12.1 crore in Q3

Personal care and beauty services provider Marico Kaya Enterprises on Friday said its net profit skyrocketed by 800 percent to Rs 12.1 crore at the end of current fiscal's third quarter ending December 31, 2014, against Rs 1.5 crore in the same period...

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Supreme Infra bags contracts worth Rs 413.50 cr in Bihar

Supreme Infrastructure on Friday said it has won Rs 413.5 crore order in the power distribution sector in Bihar. Supreme Infrastructure  on Friday said it has won Rs 413.5 crore order in the power distribution sector in Bihar. "The company has...

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Ipca Labs Q3 profit down 70% to Rs 41.5 cr on lower exports

Ipca Laboratories' third quarter net profit plunged 70.2 percent year-on-year to Rs 41.5 crore dented by lower exports and operating income. Moneycontrol Bureau Ipca Laboratories ' third quarter net profit plunged 70.2 percent year-on-year to Rs...

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Marksans Pharma Q3 profit jumps 23.7% to Rs 27.7 cr

Marksans Pharma's third quarter consolidated net profit surged 23.7 percent year-on-year to Rs 27.7 crore led by strong revenue. Moneycontrol Bureau Marksans Pharma 's third quarter consolidated net profit surged 23.7 percent year-on-year to Rs 27.7...

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Tree House Education Q3 profit rises 25% to Rs 15.1 cr

Tree House Education's third quarter net profit climbed 24.8 percent on yearly basis to Rs 15.1 crore driven by strong revenue growth. Moneycontrol Bureau Tree House Education 's third quarter net profit climbed 24.8 percent on yearly basis to Rs...

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