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QIP queue gets longer

|By Sandhya Sutodia| India Inc continues to tap the QIP (Qualified Institutional Placements) route to raise funds as it is becoming the flavour of the season with most companies preferring this cheaper and faster route with minimum disclosures. Experts said that QIP issuance has risen 10-times to around Rs 12,151 crore in April-June quarter of the current fiscal 2014-15, from ...

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Gold coins | Photo : hto2008 via Flickr under creative commons license

Gem and jewellery sector : expectations from the Union Budget 2014

Going by how the new BJP-led government is known to be business oriented, why are the bullion traders selling gold at discounted rates before the Union Budget 2014? Sandhya Sutodia finds out the fears plaguing the players in the gem and jewellery industry and highlights their expectations from the upcoming Union Budget 2014.   With the new BJP-led government laying ...

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Technical Glitches at BSE Worries Traders, Investors

|By Sandhya Sutodia| Deepak Das, a trader from Kolkata was worried the most in the morning today as at around 9.30 am when the Bombay Stock Exchange (BSE) was not accepting the updates of the share price, resulting in Das not being able to execute the orders like other traders across the country. However the broking community and investors were ...

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Bank gold coin rush snags customers

Investors, who have bought gold coins from banks, are in a fix as jewellers are not ready to buy it or exchange it for jewellery. The yellow metal cannot be sold back to the banks either. Sandhya Sutodia brings out the reasons behind why buying gold coins is not a profitable proposition any more. Smiti Rathore* who has been buying 10 to ...

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Smuggling of Tola Bars in Kolkata: Unearthing the truth

Kolkata – the gold ornaments hub of the eastern region – bears witness to the import of a huge amount of gold via unofficial channels. Sandhya Sutodia takes a bird-eye view on the industry to ferret out the reasons behind such illegal means.  Standing at around 250 kilograms per day, imports grab a lion’s share in what may describe meeting ...

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In the midst of mangoes

Much Ado about EU ban on Indian Mango

|By Narendra Kaushik| New Delhi: Amit Kumar Vij, a mango trader in Chaudhary Chaudhary Hira Singh Fruit and Vegetable Market at Azadpur, is not a happy man. Vij’s profits have plummeted this season because of European Union (EU)’s ban on import of mangoes from India. Unlike earlier years when a 5 Kg pack of Alphonsoes (also called Happus in Gujarat and ...

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A general view of a Vodafone mobile phone sign in Mangalore, Karnataka, India.

India’s firm stance on tax could actually help investors

By Mick Moore, Institute of Development Studies Just make sure you get a receiptPhoto:Tom Miller/PA India keeps getting into arguments with foreign firms over tax; is it wise to do so? The Financial Times, for one, is in no doubt that India is scaring off foreign investors, and that it is making a mistake. A recent editorial had the unambiguous ...

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