Saturday 2 March 2013

The Economic Times Daily Newsletter

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Dated:March 02,2013
Top Headlines

Increase in dividend distribution tax makes company fixed deposits attractive

FM has hiked the DDT and also increased the surcharge. That results in an effective rate of tax of 28.33% on dividends declared by all debt funds.


Tata Jaguar Land Rover studying full production in India: Sources

Building cars in India has developed into an emerging market export hub for many carmakers, this would allow JLR to skirt high import taxes on luxury cars.


Budget 2013 Impact: Pizza Hut, KFC, Nirula's to increase prices by 5-10%

Come April and you will have to pay Rs 20-50 more for that sizzling zinger burger or a country feast pizza.


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According to Goldman Sachs, the three-month, six-month and 12-month USD-INR forecasts are 55, 53 and 52 respectively.
As many as 70,000 students might be deprived of their educations grants and more than 14,000 school teachers could very well lose their jobs.
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NASDAQ 3110.78 -6.72
DJIA 13534.89 27.57
RS/$ 54.81 -0.20
NSE Gainers
Scrip Price(Rs.) %Change
Refex Refrigerants Ltd.
3.80 + 65.22
Khaitan (India) Ltd.
26.00 + 24.40
Suzlon Energy Ltd.
18.95 + 18.43
Vikas GlobalOne Ltd.
138.05 + 18.29
Kesar Enterprises Ltd.
34.45 + 17.97
NSE Losers
Scrip Price(Rs.) %Change
Shri Lakshmi Cotsyn Ltd.
46.75 -19.46
Salona Cotspin Ltd.
19.00 -17.93
Murli Industries Ltd.
7.00 -14.11
Servalakshmi Paper Ltd.
2.90 -13.43
Tantia Constructions Ltd.
30.20 -11.43

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