M&M; Financial hits 52-week high after QIP launch
The stock hit a 52-week high of Rs 461, up 5% on the BSE in early morning trade.01-12-2017
01-12-2017
Remove long-term capital gains tax exemption: BSE
One of the most important stock market participants is making a case for reinstating of long-term capital gains (LTCG) tax on equity investments. According to sources, the BSE has made a presentation to the Union finance ministry that LTCG exemptions cause huge revenues loss to the government and also lead to market manipulation. LTCG is tax-exempt on the sale of listed securities, since 2005. This had made India one of the most liberal markets in this regard, BSE said in a presentation last Friday. LTCG are profits on sale of shares on a stock exchange platform after a holding period of at least a year. Short-term capital gains (STCG) are profits on sale of shares held for less than 12 months; these are taxed at a flat 15 per cent. "Since India has one of the lowest tax collection to GDP (gross domestic product) ratio within G-20 countries, every effort must be taken to shore up the revenue collection. LTCG taxation could help," it had reportedly said.The exchange pegs the loss to...01-12-2017
Power Mech Projects rallies 10% on bagging orders worth Rs 357 crore
The stock rallied 10% to Rs 797 on the BSE in noon deal trade after the company received orders worth Rs 357 crore for infrastructure development work at Andhra Pradesh Medtech Zone Limited.29-11-2017
L&T;'s construction arm bags orders worth Rs 3,572 cr
Larsen & Toubro (L&T) today said its construction arm has won orders worth Rs 3,572 crore across business segments. "The construction arm of L&T has won orders worth Rs 3,572 crore across various business segments," the engineering and construction major said in a BSE filing. L&T said transportation and infrastructure business has bagged order an worth Rs 1,358 crore from Bangalore International Airport Ltd. Its metallurgical and material handling business received orders worth Rs 1,264 crore in the domestic market. While the company's power transmission and distribution business and building and factories business won orders worth Rs 595 crore and Rs 355 crore, respectively. Shares of the company were trading 0.87 per cent higher at Rs 1,226.90 apiece in the morning trade on BSE today.27-11-2017
Earnings yield of BSE 500 firms at 11-year low
Earnings spread for foreign investors down to 10-year low of 1.1 per cent, from 2 per cent at the beginning of the year and record high of nearly 5 per cent in 201326-11-2017
Remit excess securities transaction tax to govt in 15 days: BSE to brokers
Additional commissioner of income tax has stated that instances had come to his notice where excess STT was collected and retained by brokers and sub-brokers and was not remitted to govt account24-11-2017
Infosys hits over three-month high; stock up 10% in November
The stock was trading at its highest level since August 18, 2017, at Rs 1,011, up 2% on Friday, extending its Thursday's 2.6% gain on the BSE.24-11-2017
BSE to auction investment limits for Rs 8,300-cr corp bonds
Leading stock exchange BSE has said it will auction investment limits tomorrow, enabling foreign investors to purchase corporate bonds worth over Rs 8,300 crore. The auction will be conducted on...23-11-2017
Security and Intelligence Services soars 15% post Q2 results
The stock soared 15% to Rs 1,029 on the BSE, its highest level since listing on August 10, 2017.23-11-2017
BSE asks algorithmic trading brokers to submit audit report
BSE said the count will commence from the audits conducted for the period ended March 31, 201421-11-2017