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Arun Jaitley

Mercedes, Hyundai Price Hike

Budget impact: Mercedes-Benz, Hyundai increase car prices across the range

Infrastructure tax will drive up the prices of all four-wheelers sold in India. Mar 2, 2016
Apollo Tyres Tyre industry

Budget 2016: No anti-dumping duty on tyre imports from China

Truck and bus radial tyre imports from China rose 63 percent during April-December 2015, YoY, according to the government data. Mar 2, 2016
Phalcon AWACS

Cabinet Committee on Security clears acquisition of two AWACS platforms

The two Airborne Warning and Control System (AWACS) will reportedly cost Rs 7,500 crore. Mar 2, 2016
Honda Scooters auto sales

Budget 2016: Government clarifies on taxation of provident fund contribution, withdrawal

There was a furore over media reports that contributions to the EPF and PPF would be taxable at the time of withdrawal. Mar 1, 2016

Budget 2016: Analysts hail FM Arun Jaitley's commitment to fiscal discipline

The fiscal commitment was also cheered by Indian stock markets that soared over 3.30 percent on Tuesday. Mar 1, 2016
Renault India Duster Domestic car sales

February auto sales: Renault India car sales up 158%, driven by Kwid

The company sold 8,834 units in February 2016 in India as against 3419 units in February last year. Mar 1, 2016
Mahindra XUV500

Feb. passenger car sales: Mahindra sees 26% growth; Hyundai records 9% rise

The company said that the increase in infrastructure cess in the Budget would "increase the prices of automative products immediately." Mar 1, 2016
BSE Building new

Sensex, Nifty post huge single-day gain in two years; share prices of IOC, BPCL, HPCL spurt on fuel price hike

The shares of Indian Oil Corporation, HPCL and BPCL closed with gains of 3.20 to 5 percent. Mar 1, 2016
Indian Oil Corporation Petrol Diesel price decreased

Petrol, LPG cylinder cheaper; diesel, ATF to cost more from Feb. 29 midnight

The revised prices come on a day when the government presented its budget for FY2017. Feb 29, 2016
Indian Union Budget 2016

Budget 2016: Projects that may bring rural reform

From modernisation of land records to an e-marketing platform to provide competitive market to farmers, the budget indeed focuses on rural reform. Feb 29, 2016
Bombay Stock Exchange building

Budget 2016: Will higher FDI cap in stock exchanges help BSE get listed?

The proposal to raise the FDI limit from five percent to 15 percent could pave the way for BSE's listing next fiscal. Feb 29, 2016
Bombay Stock Exchange

Budget 2016: Markets give thumbs down; Nifty closes below 7,000

The Sensex and Nifty had gained last year. Feb 29, 2016
south asian games

Budget 2016: Allocation to sports sees marginal hike; no bright news for North-East

Rs 1,592 crore has been allotted to the ministry of sports for the next fiscal year. Feb 29, 2016
Gold jewellery

Budget 2016: Gold prices rise as FM Arun Jaitley leaves import duty unchanged

However, the government proposed a slew of exemptions for investment under the gold schemes announced last year. Feb 29, 2016
Budget 2016

Budget 2016: FM Arun Jaitley's nine pillars to 'tranform India'

The nine pillars include financial reforms and commitment to fiscal discipline. Feb 29, 2016
BSE Building

Budget 2016: FM Arun Jaitley almost halves disinvestment target to Rs 36,000 crore for FY2017

The target was Rs 69,500 crore for FY2016, of which the government could garner about Rs 18,300 crore till Feb.29. Feb 29, 2016
hyundai-cars-are-seen-ready-for-shipment-at-a-port-in-chennai

Budget 2016: Cars, SUVs to be costlier, thanks to new taxes

The government is levying an infrastructure tax on all cars and a service charge on cars priced more than Rs 10 lakh, among other moves. Feb 29, 2016
construction real estate

Budget 2016: FM Arun Jaitley removes dividend distribution tax on REITs, paves way for listing

The dividend distribution tax, or DDT, on REITs was seen as a hurdle by real estate companies and investors. Feb 29, 2016
BSE Building new

Arun Jaitley hints at privatisation of IDBI Bank, stock gains 16%

The government currently holds 80 percent stake in the bank. Feb 29, 2016

Bank stocks down on lower-than-expected allocation of Rs 25,000 crore for recapitalisation

The projection was in the region of Rs 70,000 crore, given the high level of bad loans in state-owned banks, eroding their ability to lend. Feb 29, 2016
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