Month: May 2010

Diamond Power Infra bags Rs 117 cr Order from Gujarat Urja Vikas Nigam

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Diamond Power Infrastructure has bagged an order worth Rs 117 crore from Gujarat Urja Vikas Nigam for the supply of various products taking the aggregating order book to Rs 1,217 crore. The order needs to be completed within the next seven months. Earlier too, the company had bagged orders worth Rs 96 crore for the … Read more Diamond Power Infra bags Rs 117 cr Order from Gujarat Urja Vikas Nigam

How is Indian Sovereign Debt Different ?

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Unlike the West, most of Indian Government Fiscal Deficit is financed by internal holdings. India is the only one emerging market amongst the high-government deficit countries in 2009 – India. And India, with a gross general government debt to GDP ratio of over 80 percent during 2009 (see IMF(2010)), is much better able to manage a more than 10 percent of GDP general government deficit,

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Larsen & Toubro – Strong Performance + Order Book

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Larsen & Toubro (L&T) reported strong Q4 numbers marked by a 28% and 17% YoY growth in its revenues and earnings respectively. An order inflow of Rs220.6bn in the Engineering and Construction (E&C) segment was also a key highlight of the quarter. For FY11, L&T has indicated a ~20% revenue growth supported by an order backlog of Rs 1.0tn. Margins, however, are likely to moderate due to higher commodity prices. L&T intends to achieve a robust growth of 25% in order inflows during FY11. It also proposes to unlock

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FIIs were net sellers of Rs 1,589.90 cr in cash on Monday

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Foreign Institutional Investors (FIIs) were net sellers of Rs 1,589.90 crore (provisional) in the cash segment on Monday, according to the information posted on the SEBI website. While FIIs made gross purchases of Rs 2,856.30 crore, their gross sales amounted to Rs 4,446.20 crore.

As per the data posted on the BSE website, Domestic Institutional Investors (DIIs) were net buyers of Rs 30.25 crore (provisional) on the same day. While DIIs made gross purchases of Rs 1,405.92 crore, their gross sales aggregated Rs 1,375.67 crore.

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Inflation Pressure is seen in Smaller Cities

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Expect inflation to remain high and sticky through the year as the pressure on core inflation intensifies, even as the winter crop hits the market and eases food prices. Inflationary pressures from non-tradeable items are rising rapidly.

An analysis of the city level data proves that inflationary pressures are widespread across different tiers. In fact inflationary pressures are higher in small cities than in the main metros, indicating a broad-based growth process, and making the case for continued policy action even stronger.

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Income Tax India – Salaried, Firms, Partnerships, Professionals?

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We obtained Authenticated numbers from the Ministry of Finance / Dept of Revenue on the total number of Income tax Payers in India. We wanted to know the break up under each class and here is the breakup as given by IT Department on all India basis.

How many Salaried / Pensioners / Family pensioners with Interest filed returns for AY 2008-09 ?
The Number of Income Tax Payers / Assesses in India who have income from Salary, or Pension is 60.35 Lakh / 6.035 mn [Filed using ITR 1]

How many Income Tax Assesses are there in India who

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