Popular Articles

Gems, jewellery ind for lower lending rates, import duty cuts
The gem and jewellery industry has sought enhanced dollar liquidity, lower lending rates, a 2-year tax holiday and turnover tax and import duty reductions as part of budgetary relief, a top industry official said.

Vodafone tax saga (re)surfaces
Early last week, the Mumbai revenue department issued show cause notices to Vodafone, proposing to tax offshore transaction, as a result of which Vodafone acquired a controlling interest in GSM licences from Hutch.

News of the day

Tata Coffee Q3 PAT up 13.5% to Rs 14 cr
Tata Coffee has posted a rise of 13.5 per cent in its profit after tax (PAT) for the December quarter at Rs 13.87 crore compared with Rs 12.22 crore in the previous corresponding quarter. Its income from operations during the period grew to Rs 76.46 crore from Rs 65.10 crore last year, up 17.45 per cent.
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Market outlook: Bulls to remain in command

To win without risk is to triumph without glory. Risk appetite seems to be alive and kicking despite a brief scare that was sparked by the Dubai debt crisis. Experts feel the crisis over the Dubai World debt default is not as serious as feared initially and will be mostly contained. Moser Baer (BUY, CMP Rs83, Target Rs90): On Tuesday, the stock gave a bullish breakout by bouncing off sharply from its 200-DMA of Rs78. The immediate reaction took the stock towards the high of the day. Volumes have shown a smart increase in the past few sessions, which suggests accumulation at lower levels. A bullish candlestick on Tuesday further validates our argument of a short-term bounce in the stock. Traders can buy the stock at current levels and on declines up to the levels of Rs81 for target of Rs89 and Rs90. It is advisable to maintain a stop loss of Rs78. (Source: India Infoline)


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