New Direct Tax Code may replace Income Tax Act, 1961

29 jun 2007

The finance ministry in consultation with tax experts is drafting the new Direct Tax Code which will be introduced in 2008. It will be placed for discussion in the monsoon session of Parliament and replace the existing Income Tax Act which has become so complicated with the amendments made every year that it could only be comprehended by tax professionals and practitioners.

After IT Parks, its now turn of Food Parks to attract investment

16 jun 2007

With a view to reduce crop wastage of Rs.50,000 crore per year and increase share of processed food in the country to 20% from the present 6%, the government is setting up 30 food parks in next 5 years with a public-private partnership.

DLF Buzz Gets Louder

02 jun 2007

Ahead of its scheduled Rs 9,625 crore IPO, real estate king DLF is getting nosier and all the good news is starting to trickle in, which is a common practice, so as to keep the momentum going, develop more interest and media attention in the stock.

Will Unitech gain from listing of DLF?

29 may 2007

With the DLF issue to open for subscription, things are getting heated up as investors have more options to invest in this burgeoning sector, which is expected to grow fourfold in next 3 years to $45billion.

DLF – Will it be third time lucky?

23 may 2007

Delhi Land and Finance (commonly known as DLF) has been amongst the most unlucky capitalist in the market. First, it had a conflict with its minority shareholders over the issue of debenture and stock-split, then as soon it filed its draft prospectus with SEBI in May 2006, the markets witnessed the worst crash in recent times.

Real Estate Bubble – Has it inflated or bursted?

19 may 2007

The Indian Real Estate sector is facing a downturn at the moment, after most analysts comparing the rise in property prices to the dotcom boom of 2000, the question now on everyone’s mind is what next lies ahead?