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HindustanTimes Thu,17 Apr 2014

Business

How to choose the right fixed income fund

Money that can be locked in for a period should go to fixed maturity funds of that period. It’s a simple recipe, and one of the desirable by-products of having a focussed and predictable monetary policy.

Credit card default rate makes banks wary

The economic slowdown and rising prices have increased the default rate on credit cards and banks pulling out all stops to ensure it does not go out of control.

Indian companies employ 1 lakh staff in UK, Tatas on top

Tata Motors accounts for 80% of the £19-billion (approx Rs. 1.9 lakh crore) turnover of the 41 fastest-growing Indian companies based in Britain, according to a new analysis by consultants Grant Thornton LLP released on Friday.

Is the note of an engine music to your ears? You may be a superbiker at heart

So you have a few lakh rupees sitting around, and you want to splurge it on that superbike of your dreams. Almost all bike makers of the world are in India now: all you now need to do is decide what to buy!

Gold imports may not be eased till polls

The government is likely to take baby steps towards easing restrictions on gold import. There will be minor tweaking to allow easier imports of the yellow metal but any major step is unlikely due to the model code of conduct.

Make tax planning less taxing this year

As the financial year begins, this is the best time to plan your tax saving options for the year ahead. However, before you do so, analyse various sections of deductions. Tax planning does not end with Section 80C.

Bets are on: will a Modi govt retain RBI governor Rajan?

Strategists in Modi's BJP, confident that his jobs-first policy pitch will secure a strong voter mandate, suggest that they would prefer to have one of their own at the helm of the RBI.

Sensex drops 102 points on profit-taking

The benchmark BSE Sensex dropped by another 102 points in morning trade on Friday on selling pressure from operators mainly in refinery, capital goods and banking sectors, tracking lower Asian cues.

Gold slips, eyes longest weekly losing streak in 6 months

Gold edged lower on Friday as the market nervously awaited US nonfarm payrolls data, heading for its longest weekly losing streak in over six months as equities firmed and optimism grew about the US economy.

Rupee gains 8 paise against dollar

The rupee on Friday gained eight paise toclose at 60.08 against the dollar on fresh selling of the US currency by exporters and some banks notwithstanding weakness in local equities and firm greenback overseas.

Mozilla CEO resigns, oppn to gay marriage drew fire

The chief of Firefox browser maker Mozilla is stepping down in the face of controversy stirred by his support of a California bill to ban gay marriage.

Telenor allowed to offset Rs. 1,660 crore in spectrum cost

Norwegian telecom operator Telenor on Friday said it has been allowed to offset Rs. 1,660 crore against payment due for spectrum bought in November 2012.

Indian services downturn accelerated in March: survey

India’s services sector shrank faster in March compared to the previous month, raising worries about an early revival of the economy battling to claw out of a decade-low slowdown, the results of a latest monthly survey showed.

CAG asks DoT to explain concessions to telcos

The CAG has issued a final warning to the DoT, asking it to reply within 10 days for failing to explain lapses in how it charged telecom firms for usage of spectrum and the way it handed out concessions.

Air India, IndiGo, GoAir join latest war over airfares

It's bonanza time for airtravellers, with Air India, IndiGo and GoAir today joining the latest war over airfares, launched by SpiceJet which had earned the wrath of DGCA for offering one rupee air fares two days ago.

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