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March 2015

Govt's direct tax collection to miss FY15 new target

March 31, 2015 by shekarm

  • Govt's direct tax collection to miss FY15 new target 
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Gold falls to week low on stronger dollar

March 31, 2015 by shekarm

Gold fell to the lowest in more than a week as the dollar strengthened and improving economic data backed the case for US policy makers to raise interest rates.

Gold for immediate delivery fell 0.5 per cent to USD 1,180.32 an ounce, the lowest since March 20.

SBI gets approval to divest 10 percent stake in SBI Life Insurance

March 31, 2015 by shekarm

State Bank of India, the country's largest lender, said on Tuesday it had received approval for divestment of its stake in private life insurer SBI Life Insurance Co Ltd by up to 10 percent.

Private equity funds go slow in India

March 31, 2015 by shekarm

A number of private equity investors are giving India a wide berth, put off by soaring valuations. Indeed, they are still trying to exit expensive investments made months before the 2008 global crisis erupted.

Videocon d2h to file afresh for India IPO - official

March 31, 2015 by shekarm

Videocon d2h Ltd, the satellite television arm of Videocon Group, will have to file a new draft prospectus for an initial public offering in domestic markets after fund raising via American depositary shares (ADS), Saurabh Dhoot, director of the company, told Reuters.

Biocon to file for Syngene unit's IPO in two months - sources

March 31, 2015 by shekarm

Biotechnology firm Biocon Ltd(BION.NS) could file a prospectus for a share listing for its research services business arm Syngene International within the next two months, two sources directly involved in the process said.

India in biggest wheat import deals since 2010 as rains damage crop

March 31, 2015 by shekarm

India has bought up to 80,000 tonnes of Australian wheat in recent deals, three trade sources said on Tuesday, the biggest such imports by the country in five years as unseasonal rains damage the crop at home.

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Feb infrastructure output growth dips to four-month low of 1.4 percent

March 31, 2015 by shekarm

India's annual infrastructure output growth slowed to a four-month low of 1.4 percent in February, mainly dragged down by a contraction in the production of steel, fertilisers and refinery products, government data showed on Tuesday.

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India's end-Dec external debt at $461.9 billion

March 31, 2015 by shekarm

India's external debt stood at $461.9 billion as of end-December, up 3.5 percent from end-March 2014, the government said in a release on Tuesday.

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India lowers April-Sept gas prices by 8 percent

March 31, 2015 by shekarm

Locally produced gas in India will cost 8 percent less during April-September, the government said in a statement on Tuesday, due to a decline in global prices.

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