Finance Minister Arun Jaitley on Sunday said that the Government was hopeful of passing the Goods & Services Tax (GST) bill in the second half of the budget session, which will resume on April 20. Rupee, oil and FII numbers will remain in focus.
Though indices were unable to find direction for most part of last week, Friday’s rally is set to continue today. Market-participants will keenly await February CPI and WPI data scheduled today. Street expects inflation to cool down in February, giving RBI room to cut rates further. Given the upbeat mood, market may choose to ignore the Jan IIP data released after market close on Friday. Quashing the expectation of marginal industrial recovery, IIP decelerated for the third straight month in January, hurt by de-growth of manufacturing sector, which was impacted to an extent by the Chennai floods.
The outlook is a positive start. Investors may prefer to hold on to their portfolio even as Nifty approaches the resistance zone of 7600. Nearly 30 companies will announce interim dividends today. Asian markets are upbeat. Rupee, oil and FII numbers will remain in focus.
Finance Minister Arun Jaitley on Sunday said that the Government was hopeful of passing the Goods & Services Tax (GST) bill in the second half of the budget session, which will resume on April 20. The GST bill, which has received the approval of the Lok Sabha, is stuck in the Rajya Sabha. The GST bill was introduced in the Rajya Sabha in the monsoon session of parliament last year but it could not passed due to stiff opposition.
Last week, the Parliament approved the Aadhaar Bill, which provides statutory support to the Unique Identification Number (UIN), and will help in the management of subsidies and other government benefits. The Real Estate bill has also been approved by the Rajya Sabha.
Reserve Bank Governor Raghuram Rajan reportedly said the economy is recovering, but the process of recovery is volatile. The RBI chief described index of industrial production (IIP) numbers as "certainly somewhat disappointing".
A Parliamentary panel is expected to meet today to discuss the controversial land acquisition bill of 2015, reports a financial newspaper.
DBS Group Holdings is planning to acquire Royal Bank of Scotland Group's Indian onshore operations for about Rs 1,000 crore, says report.
Maruti Suzuki India Ltd has missed a deadline it had set for introducing the light commercial vehicle (LCV) segment citing the ongoing resistance against diesel vehicles, reports a financial newspaper.
In the last fortnight, State Bank of India (SBI), on behalf of itself and other consortium lenders, has put three large loans aggregating to INR 20,769 crore on the block, reports a business daily.
Reliance Power Ltd on Friday moved the Delhi high court, seeking permission to continue mining coal in excess of what is permitted by the Centre, from its Moher and Moher-Amlohri blocks in Madhya Pradesh.
India has been ranked 22nd out of 60 counties in the Best Countries Report 2015. The countries were ranked based on the data from a proprietary perception survey developed by U.S. News, BAV Consulting and the Wharton School of University of Pennsylvania.
Britannia Industries Ltd. is three months away from taking a call on ramping up the dairy business, Managing Director Varun Berry has been quoted as saying by a business daily. -
Chief economic adviser Arvind Subramanian reportedly said that India cannot have a unique model which is export-led and not just uniquely focused on manufacturing if it were to grow at 8 per cent to 10 per cent.
India FINSEC Limited has sold total 230,000 shares of ARYAMAN, at a price of Rs. 15.7 to Mukesh Babulal Shah in a bulk deal valued at Rs. 0.36 crore.
Shernaz Firoze Vakil has purchased total 257,000 shares of DAICHI at a price of Rs. 335 from Chemicals and Ferro Alloys Private Limited in a block deal valued at Rs. 8.6 crore.
The outlook is a positive start. Investors may prefer to hold on to their portfolio even as Nifty approaches the resistance zone of 7600. Nearly 30 companies will announce interim dividends today. Asian markets are upbeat. Rupee, oil and FII numbers will remain in focus.
Finance Minister Arun Jaitley on Sunday said that the Government was hopeful of passing the Goods & Services Tax (GST) bill in the second half of the budget session, which will resume on April 20. The GST bill, which has received the approval of the Lok Sabha, is stuck in the Rajya Sabha. The GST bill was introduced in the Rajya Sabha in the monsoon session of parliament last year but it could not passed due to stiff opposition.
Last week, the Parliament approved the Aadhaar Bill, which provides statutory support to the Unique Identification Number (UIN), and will help in the management of subsidies and other government benefits. The Real Estate bill has also been approved by the Rajya Sabha.
Reserve Bank Governor Raghuram Rajan reportedly said the economy is recovering, but the process of recovery is volatile. The RBI chief described index of industrial production (IIP) numbers as "certainly somewhat disappointing".
A Parliamentary panel is expected to meet today to discuss the controversial land acquisition bill of 2015, reports a financial newspaper.
DBS Group Holdings is planning to acquire Royal Bank of Scotland Group's Indian onshore operations for about Rs 1,000 crore, says report.
Maruti Suzuki India Ltd has missed a deadline it had set for introducing the light commercial vehicle (LCV) segment citing the ongoing resistance against diesel vehicles, reports a financial newspaper.
In the last fortnight, State Bank of India (SBI), on behalf of itself and other consortium lenders, has put three large loans aggregating to INR 20,769 crore on the block, reports a business daily.
Reliance Power Ltd on Friday moved the Delhi high court, seeking permission to continue mining coal in excess of what is permitted by the Centre, from its Moher and Moher-Amlohri blocks in Madhya Pradesh.
India has been ranked 22nd out of 60 counties in the Best Countries Report 2015. The countries were ranked based on the data from a proprietary perception survey developed by U.S. News, BAV Consulting and the Wharton School of University of Pennsylvania.
Britannia Industries Ltd. is three months away from taking a call on ramping up the dairy business, Managing Director Varun Berry has been quoted as saying by a business daily. -
Chief economic adviser Arvind Subramanian reportedly said that India cannot have a unique model which is export-led and not just uniquely focused on manufacturing if it were to grow at 8 per cent to 10 per cent.
India FINSEC Limited has sold total 230,000 shares of ARYAMAN, at a price of Rs. 15.7 to Mukesh Babulal Shah in a bulk deal valued at Rs. 0.36 crore.
Shernaz Firoze Vakil has purchased total 257,000 shares of DAICHI at a price of Rs. 335 from Chemicals and Ferro Alloys Private Limited in a block deal valued at Rs. 8.6 crore.
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