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A K Bhattacharya: No escape from a 'fiscal holiday'
A K Bhattacharya / New Delhi June 17, 2009, 0:28 IST

RIL's Q2 tax provision may rise by Rs 263 cr: Auditors
Corporate giant Reliance Industries (RIL) today said its auditors have pointed out a possible increase of Rs 263 crore in its current tax provisions for quarter ended June 2009 due to the budgetary proposals of the central government.

News of the day

Societe Generale to devise new strategy for insurance sector
Undeterred by the premature end to its life insurance joint venture with Indiabulls Financial Services Ltd, French banking giant Societe Generale is still buoyant on the opportunities in the sector and plans to develop a fresh strategy.
Small Business

Gold futures rebound on firm global cues

Tracking firming global trend, gold futures prices recovered by Rs 150 or 0.88 per cent today as traders indulged in enlarging their positions. Gold for far-month April contract rose by Rs 150, or 0.88 per cent to Rs 17,248 per ten gram with an open interest of 2,409 lots. - Gold slides further on weak global cues, dollar gains - Gold prices fall on weak global cues - Gold rebounds on firming global cues, fresh buying - Gold snaps four-day gains, drops Rs 280 - Gold futures climb on global cues, weak dollar - Gold sets another peak at Rs 18,460 The metal for delivery in February contract also went up by Rs 134, or 0.78 per cent to Rs 17,212 per ten gram with an open interest of 16,361 lots. Market experts said fresh buying by traders in line with a rising trend in overseas market mainly led to rise in gold prices at futures market. Meanwhile, gold traded higher by $1.70 to $1,129.80 an ounce in New York last night.


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