Delhi High Court has dismissed Vodafone’s petition

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The Delhi High Court has dismissed Vodafone’s petition seeking Rs.4759 crore as tax refund from the tax department. The High Court ruled that the department should have the right to withhold refund and adjust the same against tax demands made. These
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NIFTY TO FACE PRESSURE CLOSER TO 11,000

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In the last week, the Nifty gained over 300 points and closed above the 10,800 mark. From here on the markets are likely to face pressure till there is clarity on the Fed rates front on 19th The sharp fall in crude prices and its refusal to rise
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NIFTY CELEBRATES SHAKTIKANTA DAS

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The election reverses were soon forgotten as the Nifty celebrated the appointment of Shaktikanta Das as the new RBI governor. Das is expected to adopt a more lenient approach towards banks, NBFCs and liquidity overall. Banks like Yes Bank, IndusInd
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Congress literally dominated the Hindi heartland of India

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On a day when the Congress literally dominated the Hindi heartland of India, the stock markets almost appeared to be nonchalant as the Nifty crossed the 10,700 mark. Most stocks reacted positively to the combination of a decisive win in the three states
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MARKETS UP DESPITE STATE ASSEMBLY RESULTS

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In a surprising day of trading, the Sensex closed nearly 200 points higher on a day when the RBI governor had resigned and the BJP had lose 3 of the key assembly seats of MP, Chhattisgarh and Rajasthan. The appointment of Shaktikanta Das as RBI
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EXIT POLLS AND GOVERNOR EXIT TO DRIVE MARKETS

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If the SGX Nifty is any indication, we could see deep cuts. The sudden resignation of Dr. Urjit Patel is unlikely to go well with the markets. At the same time, the Nifty will also be influenced by how the assembly polls pan out. The NDF market
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