SEBI is readying a framework for issuance of P-Notes from the IFSC. As is well known, P-Notes are participatory notes issued by FIIs on behalf of clients who are not registered as FIIs in India and who want to maintain anonymity. SEBI has recently made Read more [...]

SAIL managed to turn around to its first profit in the last 11 quarters as a more conducive steel market and a favourable government policy helped the steel industry to turn around. To the credit of SAIL, it has reduced excess labour and also undertaken Read more [...]

When the stock markets open on Monday, the big question will be what happens to the SGX Nifty futures which will have to be eventually wound up by August this year. The decision was taken by NSE and BSE to protect the interests of the Indian market. However, Read more [...]

The budget is certainly one with a rural twist. From rural livelihood programs to free gas connections and electricity to a massive National Health Program, there is a lot in it for the rural masses. The price assurance to farmers at 1.5 times the cost Read more [...]

Against the best of hopes, the tax on LTCG did come in Union Budget 2018. Of course, the LTCG will only apply at 10% on equity and equity funds above the Rs.1 lakh profit level. That is hardly a consolation because when you book your profits after 10 Read more [...]