Infrastructure funds set to shine with higher budgetary allocation Infrastructure funds set to shine with higher budgetary allocation Nikhil Desai / Friday, February 2, 2018 0 1806 Article rating: 5.0 In Budget 2018 infrastructure sector received a budgetary allocation of Rs 5.97 lakh crore for FY18-19. This represents an increase of 21 per cent as against revised estimates of last year. The government of India sees infrastructure investment need of Rs. 50 lakh crore to increase growth rate of GDP. Read more
Whirlpool posts muted performance in Q3FY18 Whirlpool posts muted performance in Q3FY18 Nidhi Jani / Friday, February 2, 2018 0 2069 Article rating: 5.0 EBITDA for the quarter rose by 5.7 per cent yoy to Rs. 89.14 crore with a corresponding margin contraction of 5 bps. EBITDA margin for the quarter stood at 9.3 per cent. The PAT for the quarter came in at Rs. 53.14 crore, yoy decline of 4.1 per cent. This was led by jump in effective tax rate from 32 per cent to 36 per cent. Read more
Blood bath in the markets, Sensex sheds 770 points Blood bath in the markets, Sensex sheds 770 points Bhagyashree Vivarekar / Friday, February 2, 2018 0 3561 Article rating: 5.0 Indian benchmark indices witness a free fall, both Nifty and Sensex shed 240 and 770 points, respectively. After hitting all-time high on January 29, benchmark indices tumbled nearly 3.5 per cent in just four trading sessions. Read more
BSE reports 11 per cent increase in Q3 net profit BSE reports 11 per cent increase in Q3 net profit Tanay Loya / Friday, February 2, 2018 0 1875 Article rating: 3.5 BSE Limited, Asia’s oldest stock exchange, announced its unaudited consolidated financial results for Q3FY18 on Friday. Read more
Budget 2018: LTCG Tax explained Budget 2018: LTCG Tax explained Raghav Bisani / Friday, February 2, 2018 2 2998 Article rating: 4.0 Long-term gain before January 31, shall not be taxable and capital loss shall be allowed to be set off (case when actual cost is higher than January 31). Read more