Page 1126 - Business Finance
Setting up of fisheries dept to help boost marine product exports: FIEO
Exporters body FIEO Friday said setting up of a separate department of fisheries will help boost exports of marine products, which has crossed USD 7 billion market. Federation of Indian Export Organisations (FIEO) President Ganesh Kumar Gupta said the exports of marine products are expected reach USD 10 billion by 2020-21. Presenting the Interim Budget for 2019-20 in the Lok Sabha, Finance Minister Piyush Goyal said to provide sustained and focused attention, the government has decided to create a separate department of fisheries. The main marine products being exported by India include frozen fish, frozen squid, and shrimp. India is the second largest fish producing nation in the world, accounting for 6.3 per cent of global production. The sector provides livelihood to about 1.45 crore people. Gupta also said that the introduction of comprehensive digitalisation of export/import transactions and use of RFID technology will not only reduce the time taken in movement of Exim cargo, but
Govt extends tax sops for affordable home developers; no tax on notional rent for unsold units
Looking to boost sluggish housing sector, the government on Friday proposed extending tax sops given to real estate firms for developing affordable housing until next fiscal and tax exemption on notional rent for unsold inventories for two years. While presenting the interim budget for 2019-20, Finance Minister Piyush Goyal also proposed certain incentives to individuals tax payers that would have positive impact on the real estate sector, which is facing a multi-year demand slowdown. The government announced that capital gains of up to Rs 2 crore could be rolled over for investment in two housing units from the current one unit only. It also exempted tax on notional rent on a second self-occupied house. In his budget speech, Goyal said benefits under Section 80-IBA of the Income Tax Act are being extended for one more year, i.e, to housing projects approved till March next year. This proposal would boost supply of affordable housing. Under Section 80-IBA, 100 per cent deduction of ...
Global Markets: Weak China data pauses Fed-inspired rally in stocks
LONDON (Reuters) - Global shares crept lower from their highest levels in two months on Friday as data showing shrinking factory activity in China dampened a rally that took them to their best January on record.
Demand for white goods to rise on cash doles to farmers, tax incentive: Industry
Consumer electronics and appliances industry players Friday said demand for white goods is expected to increase following measure announced to help farmers and middle class in the Union Budget. The industry expects that sops to the middle class in the Budget, such as tax rebate for income up to Rs 5 lakh and cash doles for farmers, would act as a catalyst to boost the demand. Besides, the rural electrification bid announced by Finance Minister Piyush Goyal would push the rural demand, said the Consumer Electronics and Appliances Manufacturers Association (CEAMA). "The Interim Budget for 2019-20 has focused on farmers and the middle class and should boost consumption," said CEAMA President Kamal Nandi. The industry, which had recorded de-growth in the first half of this fiscal and is struggling for growth, said the full tax rebate "will boost sentiments and we foresee a rise in demand for the mass segment of consumer durable good". According to Nandi: "Rural support schemes will serve .
Apollo Micro Systems standalone net profit declines 1.96% in the December 2018 quarter
Sales rise 5.33% to Rs 57.73 crore
Narayana Hrudayalaya standalone net profit declines 11.02% in the December 2018 quarter
Sales rise 13.87% to Rs 525.07 crore
JITF Infra Logistics standalone net profit rises 50.00% in the December 2018 quarter
Reported sales nil
Bombay Potteries & Tiles reports standalone net loss of Rs 0.01 crore in the December 2018 quarter
Reported sales nil
CSL Finance standalone net profit rises 29.86% in the December 2018 quarter
Sales rise 46.20% to Rs 15.76 crore
G R Cables reports standalone net loss of Rs 0.03 crore in the December 2018 quarter
Reported sales nil
Jayaswal Neco Industries reports standalone net loss of Rs 123.91 crore in the December 2018 quarter
Sales rise 32.29% to Rs 1086.12 crore
Texel Industries standalone net profit declines 65.71% in the December 2018 quarter
Sales rise 32.50% to Rs 23.73 crore
Mafatlal Industries reports standalone net loss of Rs 28.17 crore in the December 2018 quarter
Sales decline 15.21% to Rs 230.54 crore
Ballarpur Industries reports consolidated net loss of Rs 152.32 crore in the December 2018 quarter
Sales rise 36.58% to Rs 955.13 crore
Accelya Kale Solutions standalone net profit declines 18.18% in the December 2018 quarter
Sales rise 12.59% to Rs 92.99 crore
A F Enterprises reports standalone net loss of Rs 0.44 crore in the December 2018 quarter
Sales rise 80.91% to Rs 7.96 crore
TTI Enterprise standalone net profit rises 90.48% in the December 2018 quarter
Sales decline 10.42% to Rs 0.43 crore
Venlon Enterprises reports standalone net loss of Rs 10.50 crore in the December 2018 quarter
Sales decline 62.66% to Rs 1.80 crore
Narayana Hrudayalaya consolidated net profit declines 10.21% in the December 2018 quarter
Sales rise 32.19% to Rs 732.10 crore
Accelya Kale Solutions consolidated net profit rises 35.70% in the December 2018 quarter
Sales rise 17.18% to Rs 107.75 crore