PM pitches for double-digit GDP growth, raising India’s share in world trade

PM pitches for double-digit GDP growth, raising India’s share in world trade Prime Minister Narendra Modi today called for targeting double-digit GDP growth for breaking into the USD 5 trillion economy club and said India’s share in world trade has to more than double to 3.4 per cent. Speaking after laying the foundation stone of […]

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NSE to introduce corporate governance code stricter than existing laws

NSE to introduce corporate governance code stricter than existing laws The exchange is in the process of creating incentives for listed corporates that adhere to these norms, which will be voluntary The National Stock Exchange (NSE) is in the process of introducing a corporate governance code that will be stricter than the existing laws and […]

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EPFO may Allow Tweak in Equity Investments

EPFO may Allow Tweak in Equity Investments Labour min likely to introduce proposal to hike contribution limit of 15%, risk-averse subscribers may be allowed to cut exposure Employees’ Provident Fund Organisation (EPFO) subscribers may soon get the option to invest more of their retirement contribution in stocks to potentially earn higher returns, a senior labour […]

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CAD at 2.5% of GDP not a worry, govt geared to deal with outflows: FinMin

CAD at 2.5% of GDP not a worry, govt geared to deal with outflows: FinMin With rising oil prices, depreciating rupee and outflow of portfolio investments, there are concerns that CAD might rise in the current fiscal Current account deficit (CAD) at 2.5 per cent of gross domestic product (GDP) won’t be a worry as […]

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Working capital loans to now come with withdrawal commitment & fees

Working capital loans to now come with withdrawal commitment & fees The Reserve Bank of India on Thursday tightened norms for firms seeking working capital loans by ordering them to pay a fee and commit on withdrawal of sanctioned funds in an attempt to shore up bank treasuries to handle surplus funds from now on. […]

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Bank Nifty likely to be rangebound, experts recommend short strangle

Bank Nifty likely to be rangebound, experts recommend short strangle Traders can hope to rake in modest gains by initiating a risky short strangle on Bank Nifty options, which data show would trade in a 26,000-27,000 range this series. The strategy consists of selling a Bank Nifty call and put at 26,800 and 26,000, respectively, […]

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New Accounting Rules may Deal Rs 20kcr Blow to Builder

New Accounting Rules may Deal Rs 20kcr Blow to Builder Realtors will have to write back profits retrospectively on all incomplete projects The implementation of a new accounting standard from this fiscal will force listed real estate companies to write back profits made over the past few years from all projects that are not complete. […]

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