Union Budget 2016: A Realistic One, Not Just Feel Good
FM Jaitley presented Union Budget 2016 for farmers, artisans, women, unorganized workers, and people living below poverty line & youth of country who will greatly benefit.
With big investments in the rural sector and a break for small tax payers, finance Minister Arun Jaitley's Budget 2016 on Monday was largely pro-rural and pro-poor in an attempt to counter months of opposition criticism that PM Modi's is a "suit-boot ki sarkar".
Jaitley, in his third budget, took on both the fiscal and physical health of the nation by setting the fiscal deficit target for next year at 3.5 percent of GDP, promising to deal with tax evaders firmly and raising the prices of cigarettes as well as cars.
L&T plans to sell 49% stake in L&T General Insurance
L&T is planning to sell 49% stake in its wholly owned subsidiary L&T General Insurance Company to a foreign entity as per media reports.
The deal is expected to be finalized in the next three to six months. It is estimated that the deal could fetch L&T Rs1,500 crore.
UltraTech acquires JP's cement plants for Rs16,500 crore
UltraTech has agreed to acquire Jaypee Group’s 22.4 million tonnes of cement capacity assets for Rs6, 500 crore, making it the largest deal in the Indian cement sector. The deal is valued at EV/tone of $107 which makes it lucrative deal for the ultratech given the access to new market in fast growing eastern regions.
Aurobindo surges on tentative nod form USFDA for Ritonavir
Shares of Aurobindo Pharma surged over 5% to Rs647 on NSE in an otherwise weak market environment on reports that the drug maker has received tentative nod form USFDA for Ritonavir; used to help control HIV infection – Positive for Aurobindo.
Mindtree shareholders approve bonus shares, top brass rejig
Mindtree has got its shareholders' approval to issue bonus shares of Rs10 each. The stock opened at Rs1430 marking days low at Rs1412 with an intraday high of Rs1442.55.
Read our more services below:
CapitalStars Financial Research Financial Advisory Services
www.capitalstars.com | T:+91-731-6790000,6669900
No comments:
Post a Comment