Insecure Bond
On 7th July, a day after the Budget was presented, government bonds crashed by 5%-6%. The debt market was jittery about the fact that the Budget had proposed a massive increase in deficit spending which will have to be financed by a large increase in government borrowing. The bulk of the fiscal deficit for FY10, pegged at 6.8%, will be funded by huge government debt. The Reserve Bank...
Premium Content
Monthly Digital Access

Subscribe

Already A Subscriber?
Login
Yearly Digital Access

Subscribe

Moneylife Magazine Subscriber or MAS member?
Login

Yearly Subscriber Login

Enter the mail id that you want to use & click on Go. We will send you a link to your email for verficiation
Life saving drugs, LCD TV cheaper; Set-top-box turns costlier
Presenting the Union Budget for 2009-10, Finance Minister Pranab Mukherjee Monday proposed reduced customs duty on life saving drugs to 5% from existing 10%. Liquid crystal display (LCD) TVs would also attract the lower 5% customs duty, making the product cheaper.

Mukherjee, however, has imposed 5% customs duty on set-top boxes used for Direct-To-Home television service.

He also...

Premium Content
Monthly Digital Access

Subscribe

Already A Subscriber?
Login
Yearly Digital Access

Subscribe

Moneylife Magazine Subscriber or MAS member?
Login

Yearly Subscriber Login

Enter the mail id that you want to use & click on Go. We will send you a link to your email for verficiation
L&T Q1 net jumps 218% at Rs16 billion on onetime gain
India's largest engineering and construction company Larsen & Toubro Ltd (L&T) Thursday reported a three-fold jump in its first quarter net profit mainly due to onetime gain and higher revenues.

In a filing to the Bombay Stock Exchange, the company said its net profit for the quarter to end-June zoomed 218% to Rs16 billion from Rs5 billion while revenues increased to Rs76.3 billion...

Premium Content
Monthly Digital Access

Subscribe

Already A Subscriber?
Login
Yearly Digital Access

Subscribe

Moneylife Magazine Subscriber or MAS member?
Login

Yearly Subscriber Login

Enter the mail id that you want to use & click on Go. We will send you a link to your email for verficiation

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

online financial advisory
Pathbreakers
Pathbreakers 1 & Pathbreakers 2 contain deep insights, unknown facts and captivating events in the life of 51 top achievers, in their own words.
online financia advisory
The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Online Magazine
Fiercely independent and pro-consumer information on personal finance
financial magazines online
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
financial magazines in india
MAS: Complete Online Financial Advisory
(Includes Moneylife Online Magazine)