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Reliance Capital Q3 profit drops 11%
55 Views, 10-02-2017, Courtsey News Live

: Reliance Capital has reported a consolidated net profit of Rs 209 crore for the third quarter of the current fiscal, a drop of 11 per cent from what the profits had been a year ago. However, the company\’s total income increased to Rs 3,964 crore in the quarter this fiscal from Rs 2,353 cror...Read more

Stock Market: Sensex hits 4-month high, Nifty reclaims 8,800 mark
121 Views, 06-02-2017, Courtsey News Live

: Spurred by optimising from the Budget, Sensex on Monday pushed higher for the fourth day to close at 28,439, up by 199 points and a four-year high. Sensex was trading in green following reports that the RBI may go in for a rate cut on Wednesday’s policy meet. On the other hand, the NSE Nift...Read more

No tax incentive beyond Rs 2 lakh for second home: Govt
198 Views, 04-02-2017, Courtsey News Live

: The central government today reiterated that there would be no rollback of the proposal to restrict tax incentive for second home to Rs 2 lakh per annum. Announcing this in New Delhi, revenue secretary Hasmukh Adhia said there is no point in subsidising purchase of second property by those who hav...Read more

Reliance Jio’s 4G speed not the fastest, report says
287 Views, 03-02-2017, Courtsey News Live

: Reliance Jio’s claim of having the best 4G speed has been punctured by a report by Credit Suisse. Although Jio’s network coverage is significantly greater compared to other operators but it lags behind in speed to Airtel, apparently due to the load on its network following the free dat...Read more

Verify deposits online after note ban, IT dept tells taxpayers
123 Views, 02-02-2017, Courtsey News Live

: The Income Tax department has asked taxpayers to verify online the deposits made by them after the demonetisation drive and report mismatch, if any. The department is comparing data of deposits made by taxpayers post demonetisation so as to identify taxpayers whose cash transactions do not appear...Read more

Sensex rallies 486 points as stock market hails budget
111 Views, 01-02-2017, Courtsey News Live

: Opposition parties might be sceptical on the union budget presented by Finance Minister Arun Jailtely today but the stock markets displayed no such apprehensions as the Sensex leaped close to 486 points to close at 28,142, the highest in over three months. The markets welcomed the provisions incl...Read more

ICICI Bank net profit declines 16%
132 Views, 31-01-2017, Courtsey News Live

: ICICI Bank has posted a 16.4 per cent decline in consolidated net profit for the quarter ended December 31, 2016. While profit posted in this quarter is Rs 2,610.83 crore, the bank posted a consolidated net profit of Rs 3,122.35 crore in the corresponding quarter of the previous fiscal. The bank ...Read more

Tech Mahindra Q3 profit rises by 14%
108 Views, 30-01-2017, Courtsey News Live

: Tech Mahindra has posted an about 14 per cent jump in consolidated net profit at Rs 856 crore for the third quarter of the 2016-17 fiscal. The IT company reported a net profit of Rs 751.3 crore for the corresponding three-month period of the previous fiscal year (2015-16). Income from operations...Read more

FM could hike service tax in Union Budget: Tax experts
121 Views, 29-01-2017, Courtsey News Live

: Union Finance Minister Arun Jaitley is likely to raise service tax from 15% to 16-18 % in the Budget, tax experts said believe. Some tax experts say Jaitley could impose different service tax rates --- 12 per cent tax for basic services and a higher 18 per cent for the rest.  The Union Fina...Read more