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Month: April 2012

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Only 406K Taxpayers Earn Over 20 Lakhs: DTC Report

According to the Parliamentary Committee Report on the Direct Tax Code (DTC) headed by Yashwant Sinha, the total number of individual taxpayers (2010-11) that ...

Vodafone Was Forewarned About Tax on Hutch

Business Standard notes that Vodafone was forewarned that their transaction with Hutchison would be taxed. This communication seems to have happened in March ...

Charts: Nifty in 2012 Versus Other Country Indexes

India’s Nifty still counts for slightly better performance than the S&P 500 (US) for 2012, with a 12.2% return versus the S&P’s 11.3%. The ...

Reliance Q4 2012 Results in Charts

Reliance Industries posted its results last weekend, and they weren’t quite as good as the street imagined. Let me talk less and chart more. (See also: ...

CPI Inflation for Mar 2012 at 9.47%

Consumer Price Inflation for March 2012 came in at 9.47%, much higher than the 8.83% last month. This compares badly with a flattening WPI which was under 7% ...

RBI Cuts Rates by 0.5% on April 17

The Reserve Bank of India cut interest rates by 0.5% overall, in order to help stimulate flagging growth. The repo rate (at which banks borrow overnight from ...

Mar 2012 WPI Inflation At 6.89%

Apologies for missing much of the charting and events of the last week. House hunting in Bangalore is a nightmare. I shall renew my energies into building ...

Chart: Infy Result Impact, Worst in 5 Years

Infosys is a big player on results day, though mostly downwards, it turns out. With an underperformance this quarter (a drop in QoQ results) the fall ...

Moving, MSM Lists and the Massive Trade Deficit

I’ve moved to Bangalore, and have achieved one note of significance: Varun’s school admission to a school that we thought would suit him best. To ...

Chart: The Great Indian Stock Market Story was only 5 good years

The Great Indian Stock Market Story of the last twenty years is only about four years, 2003-2007. If you’re finicky, we could add the stellar 1991-92 time ...