Mar 07, 2013, 11.08 AM IST
State-controlled lender Bank of India gained nearly 3 percent on Thursday as the bank received Rs 809 crore from the government of India the largest shareholder.
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Bank of India soars 3% on receipt of funds from govt
State-controlled lender Bank of India gained nearly 3 percent on Thursday as the bank received Rs 809 crore from the government of India the largest shareholder.
Like this story, share it with millions of investors on M3
Bank of India soars 3% on receipt of funds from govt
State-controlled lender Bank of India gained nearly 3 percent on Thursday as the bank received Rs 809 crore from the government of India the largest shareholder.
On March 6, Bank of India alloted 2,21,21,957 crore shares to the government at Rs 365.70 per share on a preferential basis.
The government holds 62.72 percent stake in bank as of December 31, 2012. Post share allotment, the government's stake increased to 64.10 percent.
Meanwhile, LIC holds 13.47 percent stake and Lazard Asset Management LLC 4.04 percent in the bank.
At 10:11 hours IST, shares went up 1.76 percent to Rs 320.30 on Bombay Stock Exchange.
highlights
- No case to revise direct tax rates, slabs
- Super rich tax: 10% surcharge on income above Rs 1 cr
- Modified provisions under GAAR effective April 1, 2016
- No change in standard rate of excise duty, service tax
flashes
- FM speaks to CNBC TV18
- Budget Reaction: Fitch Says Policy Implementation To Be Key Driver Of India Rating
- Budget Reaction: Fitch Says Believe Policy Execution Will Be Challenging
- Budget Reaction: Fitch Says Public Finances Vulnerable To Further Growth Slowdown
InterpretationS
- GAAR-Presumes tax benefit unless proved contrary
- MFs covered for deductions u/s 80CCG
- Excise duty increased on mobile phones of Retail Sale Price (RSP) more than Rs 2000
- ED on readymade garments exempted: positive textile sector
SECTOR IMPACT
Select Sector to see impact
- Auto - Cars & Jeeps
- Auto - LCVs/HCVs
- Banks - Private Sector
- Banks - Public Sector
- Cigarettes
- Computers - Hardware
- Computers - Software - Training
- Construction and Contracting - Real Estate
- Electricals
- Engineering - Heavy
- Finance - General
- Finance - Investments
- Infrastructure - General
- Leather Products
- Media & Entertainment
- Mining/Minerals
- Miscellaneous
- Personal Care
- Pesticides/Agro Chemicals
- Power - Generation/Distribution
- Refineries
- Shipping
- Sugar
- Textiles - Denim
- Textiles - General
Textiles - General
18:52 pm
Exice Duty on readymade garments exempted +ve for textile sector
TAX AND YOU
Salaried Person
REACTIONS
reaction on: Policy
Naina Lal Kidwai
Country Head | HSBC India
reaction on: Business
NK Jain
Vice-chairman | JSW Energy
reaction on: Markets
Mukesh Kumar
Head - Strategic Planning | HDFC ERGO General Insurance
reaction on: SME
Snehdeep Aggarwal
Founder & Chairman | Bhartiya International
reaction on: Policy
Sanjay Sanghvi
Partner | Khaitan & Co
What got Cheaper / costlier?
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