- 12 Jul 1412:56 AMInfosys, India’s second largest information technology (IT) services company, ended the first quarter of financial year 2014-15 with better-than-expected earnings and the management indicating that most of the company-specific issues may now be a10:19 AMBenchmark share indices which had rallied to all-time highs finally succumbed to profit taking amid lack of major reforms announcement in the Budget and the uncertainty over implementation of the controversial General Anti-Avoidance Rules led to a sell12:50 AMImage via ShutterstockIndustrial output in May grew by 4.7 per cent, the highest monthly rise since October 2012, giving further momentum to a 3.4 per cent rise in April and raising hope of a recovery.12:59 AMThe effective date of the increase in long-term capital gains tax on debt mutual funds is April 1, 2014, with Revenue Secretary Shaktikanta Das on Friday putting a lid on the confusion over the issue.12:30 AMWeak growth, high attrition and declining share of top clients in revenue continue to plague Infosys.
- 11 Jul 1412:00 PMCaraco Pharmaceutical Laboratories, a subsidiary of Sun Pharma, has initiated recall of some lots of Venlafaxine Hydrochloride extended-release tablets from the US market.04:04 PMThe market exuberance seem to be fading as benchmark indices succumbed to profit taking in select sectors dragging them to five week closing low even as investors sought the safety of defensive shares.
- 10 Jul 1401:54 PMWhile the tax announcements in the Union Budget 2014 were not in line with expectations, Finance Ministry Arun Jaitley did try to offer small perks on the personal taxation front.02:20 PMJaitley added the fiscal deficit would narrow to 3.6% of GDP by fiscal 2015/16 and to 3% by 2016/17. Below are analyst comments on the budget.
- 14 Jul 1401:39 AMThe Budget proposals for 2014-15 announced by Finance Minister Arun Jaitley has several measures for everyone, but more importantly, they suggest the government is moving in the right direction.