At the National Stock Exchange (NSE)
NSEL sees turnover of Rs 358.92 bn on Sep 01
Today, NSEL has recorded a turnover of Rs 358,921 million with total of 1,095 trades at the end of the first trading session. The turnover in bullion was Rs. 58,232 million and in agri commodities Rs 300,689 million.
MCX daily report: Metal index up by 0.21%
MCX Comdex- The composite index of metals, energy and agro-commodities was up by 0.26% to 2,771.50 points, MCX Energy index was up by 0.02% to 2,559.27 points and MCX Metal index was up by 0.21% to 3,546.34 points.
Bullion:
Finmin slaps Rs 7.58 bn service tax notice on DDA
The finance ministry has slapped a tax notice of about Rs 7.58 billion on Delhi Development Authority (DDA) for allegedly not paying service tax since 2007, reports agency source.
“We have issued demand-cum-show cause notice to DDA on August 31, 2010 for not paying service tax on lease of immovable property and club or association service,“ a revenue department source told.
The tax liability from renting of immovable property is Rs 7.49 billion, while from club or association it is Rs 87 million, the source…
Original post:
Finmin slaps Rs 7.58 bn service tax notice on DDA
Bulk Deals: Info Edge India, MVL, Shree Ashtavinayak…
Following bulk deals were transacted at the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) on September 03:
Kuroto Fund LP sold 180,600 shares at Rs 1075.7 a share of Info Edge India.
DSP Blackrock Mutual Fund bought 180,450 shares at Rs 1075.69 a share of Info Edge India.
HT Media sold 1,980,317 shares at Rs 66.63 a share of MVL.
Satyam Realtors bought 5,000,000 shares at Rs 21 a share of Shree Ashtavinayak Cine…
See the article here:
Bulk Deals: Info Edge India, MVL, Shree Ashtavinayak…
55 lakh bales cotton export allowed from Oct
The government will allow unrestricted export of 55 lakh bales of cotton from October 1 but dispatches beyond the ceiling would attract export duty of Rs 2,500 per ton, an official said today.
Cotton production this season, starting next month, is projected at a record 330 lakh bales, the official told.
In the cotton year 2009-2010 (Oct-Sep), the production was 292 lakh bales.
One bale is equal to 170 kg.
The decision to allow unrestricted export of…
See the original post:
55 lakh bales cotton export allowed from Oct
ICRA assigns LBBB rating to bank facilities of Gunjan Exports
Credit rating agency, ICRA has assigned an LBBB rating and upgraded the short term rating to A3+ from A3 for the Rs 500 million fund-based bank facilities of Gunjan Exports (GE). The outlook on the long term rating is Stable.
The upward rating revision reflects the improvement in the financial performance of the company during FY 2010 marked by healthy growth in revenues, strong profitability indicators with net profitability at 20.1% for FY 2010 and improvement in capital structure with gearing at 0.56 times as on 31st March…
Visit link:
ICRA assigns LBBB rating to bank facilities of Gunjan Exports
BSNL, RailTel in pact to share infrastructure
State-owned BSNL today said it has signed an agreement with public sector firm RailTel to execute various telecom-related projects through sharing of communications infrastructure, reports agency source.
This Memorandum of Understanding (MoU) facilitates execution of various projects of national importance such as defence, ERP (Enterprise Resources Planning), NKN (National Knowledge Base Network), etc., through sharing of their communication infrastructure, BSNL said in a statement.
This MoU is for three years, which can be extended.
It is envisaged that through this arrangement,…
Read the original here:
BSNL, RailTel in pact to share infrastructure
FIIs net buy Rs 2.83 bn, DIIs net sell Rs 1.23 bn
Foreign Institutional Investors (FIIs) were net buyers in the equity segment worth Rs 2,830.2 million on both the BSE and the NSE on September 3, as per provisional data available at NSE. They bought equities worth Rs 20,162.6 million and sold equities worth Rs 17,332.4 billion.
While, Domestic Institutional Investors (DIIs include banks, DFIs, Insurance and MFs) were net sellers in the equity segment worth Rs 1,235 million on both the BSE and the NSE on September 3, as per provisional data available at the NSE. They bought equities worth Rs 7,596 million and…
Read the original post:
FIIs net buy Rs 2.83 bn, DIIs net sell Rs 1.23 bn