PGC NEWSLETTER 7th March 2014

119 views

Published on

Published in: Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
119
On SlideShare
0
From Embeds
0
Number of Embeds
18
Actions
Shares
0
Downloads
1
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

PGC NEWSLETTER 7th March 2014

  1. 1. PGC NEWSLETTER 7th March 2014 THOUGHT OF THE DAY “ YOU ARE NEVER TOO OLD TO SET ANOTHER GOAL” ECONOMICS NEWS MARKET UPDATES SENSEX 21,734.86 220.99 • The finance ministry has directed loss-ridden United Bank of to recover bad loans worth at least Rs 1 crore every day from each of its 36 circles until the end of this month. CNX NIFTY 6,468.85 67.70 • Industry body FICCI has voiced concerns against attempts being made by some American businesses to get India designated as a 'Priority Foreign Country', saying the country's intellectual property eco-system is robust and nondiscriminatory. DOLLAR/ RUPEE 61.04 -0.08 CORPORATE UPDATES MCX SILVER 47230.0 0.07 • Indian ecommerce flag bearer Flipkart has hit $1 billion in sales. This is a coming of age for Indian ecommerce as the market leader hits the target a year ahead of schedule. • The Securities Appellate Tribunal has rejected Sebi's plea seeking a review of tribunal's order reducing the penalty imposed on Triveni Management Consultancy Services for violating norms. MCX CRUDE OIL 6229.0 1.81 • Bharti Group, is in talks with two global retail chains, French major Carrefour and Japan's largest retailer Aeon with the intention of forming a new joint venture with one of them. Dow Jones Industrial Average 16,421.89 61.71 MCX GOLD 30,255.00 46.00 RBI / TAX LAW UPDATES • RBI have released the result of RBI Reverse Repo auction held on March 06, 2014. • Nasdaq Composite 4352.13 -5.84 IT: Following order passed by co-ordinate Bench of Tribunal in assessee's own case for assessment year 2005-06, impugned adjustment made by authorities below in respect of commission paid by assessee to its AE for rendering marketing services was to be set aside. 1

×