Low pressure rain raises hope of normal output in Orissa
The projected kharif production of 7.46 million tonnes includes 6.3 million tonnes paddy, with the remaining being cereals, pulses and vegetables.
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Grain output up in Tamil nadu, despite less rain
Uses precision farming to overcome water shortage.
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Don't forget income from other sources
By submitting her investment declarations by June 2009 to her employer, Shweta Jaiswal thought she had done her bit. Later, she realised she had an additional tax liability of Rs 30,000 on her other income. On self-assessment, I came to know that I had to pay a tax on the interest earned on my bank account balance, said Jaiswal.
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Saving money through hospital cards
Loyalty programmes, with various discounts and waivers, are on offer by many groups.
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Analysts' corner
IRB's adjusted profit after tax (PAT) for the first quarter of the current financial year (Q1FY11) at Rs 103 crore (up 25.8 per cent year-on-year, or y-o-y) was ahead of expectations, driven by better-than-expected construction margins (24.2 per cent) and lower interest outgo. Revenues at Rs 510 crore were up 23.6 per cent, aided by 26.7 per cent growth in the build, operate, transfer (BOT) segment and 20.1 per cent growth in the construction segment. IRBs earnings before interest, taxes, depreciation and amortisation (Ebitda) at Rs 249 crore surged 50 per cent y-o-y and was driven by 145 per cent growth in construction Ebitda.
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Strong growth to take markets higher
The Indian equity markets continue to show strength and have touched intermediate highs, despite weak global cues, particularly from the euro zone. Year till date, our markets have given positive returns and need to be viewed against the global headwinds leading to risk aversion.
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Churning profits from rural hinterland
Swayam Krishi Sangam (SKS) Microfinance is a microfinance institution (MFI) providing smaller loans exclusively to poor women. The loans are provided for use in income-generating activities (trade, services, livestock and agriculture) located in rural areas. With around three-fifths of business coming from the states of Andhra Pradesh, West Bengal and Karnataka, SKS has emerged as a leading MFI with around 21 per cent market share in terms of loan disbursements.
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No credit in demat a/cs without PAN details
Come August 16, demat account holders, who have not verified their permanent account number (PAN) details, will not be able to buy shares. Sebi has decided that PAN non-compliant demat accounts shall be suspended for credit. Currently, demat accounts, for which PAN details have not been verified, are suspended for debit, until the same is verified with the depository participant (DP). It is clarified that other credits including credits from initial public offer/follow-on public offer/rights issue, off-market transactions, or any secondary market transactions shall not be allowed into such accounts, says the circular.
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Q: Amar Ambani, Head of Research, IIFL
With the second season of the Smart Portfolio coming to an end, we begin a series of interviews with the four fund managers who participated in the same. In the first one, IIFL Head (Research) Amar Ambani shares with Rex Cano some winning strategies, the outlook for the market and advice for investors. So far, Ambani has logged net gains of around 45 per cent as against the benchmark S&P CNX 500 indexs 17 per cent.
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Sensex rises 0.2%; Ril drops again
Trading choppy on last day of monthly derivatives contracts.
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Market Voice: Mehul Choksi, CMD, Gitanjali Gems
While the gems and jewellery market has remained stagnant of late, Mehul Choksi, chairman & managing director, Gitanjali Group, tells Ujjval Jauhari that the company is likely to record 15 per cent growth this year.
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Auto leaders feel the heat
Increased competition, higher costs dent market share and profitability of Maruti as well as Hero Honda.
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PNB to decide on deposit rates on July 31
Punjab National Bank (PNB), the countrys second-largest public sector lender, will decide on raising deposit rates in the coming asset-liability committee (ALCO) meet scheduled for July 31. The bank will decide on lending rates after it has taken a decision on its deposit rates.
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Tokyo Stock Exchange in talks with NSE for listing support
The Tokyo Stock Exchange (TSE) is considering working with the National Stock Exchange (NSE) possibly in areas like trading systems and listing support for Indian companies, according to TSE spokesman Naoya Takahashi. We are considering working together, if we see enough investor needs, Takahashi said in Tokyo. We may consider cooperating in many areas.
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Nifty likely to touch 5,435
As indicated earlier, the July series expired around the 5,400 level due to participants taking little interest in rollover positions for the August series. However, we may see the market moving higher in the next month as the Nifty August futures is trading at a premium to spot for two weeks from now.
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