The Directorate General of Central Excise Intelligence (DGCEI) had in 2011 initiated a probe against the company for allegedly misusing "area-based exemption" for a new unit in Baddi in Himachal Pradesh to avail excise duty benefits, even before it came into existence, they said. … [Read more...] about Mondelez pays over Rs 400 cr to settle tax dispute involving alleged ‘ghost’ unit in India
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"The SBI chairman's comment has reinforced the confidence that there are enough buyers for Yes Bank. We expect some fundraising will be done soon and as the liquidity starts to get easier, enough people will come forward to buy the franchise of Yes Bank," said IIFL Securities director Sanjiv Bhasin. … [Read more...] about Yes Bank share price surges 7%, should you buy it?
"The strength of near-term trend reversal in favour of bulls can be expected on a close above 12,225 levels. In such a scenario this pull back rally can get extended into the zone of 12,298-12,361 kinds of levels. Contrary to this a close below 12,087 can resume the weakness in the index with targets placed around 11,900 levels," said Mazhar Mohammad, Chief Strategist – Technical Research & Trading Advisory, Chartviewindia.in. … [Read more...] about Technical View: Nifty forms bullish candle; 12,220 key for bulls
Disclaimer: The views and investment tips expressed by investment expert on moneycontrol.com are his own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app. … [Read more...] about ‘Present Options setup favours selling strangles till 12,000-12,500 range is broken’
Real effective exchange rate or REER brings in more insight to this end. REER adjusts the exchange rates to the changes in price prevailing in the major trading partners. Thus REER takes inflation into account and gives a better idea of the purchasing power of the currency. … [Read more...] about The real culprit for fall in rupee is oil! Re headed for 70, and beyond