Government likely to start taxing anonymous foreign fund inflows

Government likely to start taxing anonymous foreign fund inflowsAccording to market analysts, the central government will soon start taxing the inflow of anonymous foreign funds in to the stock market.

They expect the investments through participatory notes into the Indian stocks to slowdown if the government introduces the so-called General Anti-Avoidance Rule (GAAR) next month.

Sensex in see-saw trade, consumer durables, realty stocks up

Sensex in see-saw trade, consumer durables, realty stocks upMumbai, March 27 - A benchmark index for Indian equities markets was trading in the green around Tuesday noon amid positive Asian cues and volatility.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 17,209.13 points, was ruling at 17,113.94 points around 12.20 p. m., up 61.16 points or 0.36 percent compared to its previous close at 17,052.78 points.

The Sensex had risen to an intra-day high of 17,230.34 points and a low of 17,061.16 points.

CaixaBank to become Spain's largest bank by assets

CaixaBank to become Spain's largest bank by assetsBarcelona, March 27 - CaixaBank said Monday that it plans to purchase Banca Civica for nearly 1 billion euros ($1.33 billion) in a transaction that will leave the buyer as Spain's largest financial institution by assets.

The two entities have total combined assets of 342.62 billion euros ($457.13 billion), the purchaser said in a statement.

CaixaBank, currently No. 3 among Spanish banks, earlier acquired Caixa Girona and Bankpyme amid the ongoing major consolidation of Spain's financial sector.

SAIL not keen on proposed facility in Himachal

SAIL not keen on proposed facility in HimachalShimla, March 27 - Public sector Steel Authority of India (SAIL) is not keen on setting up a plant in Himachal Pradesh despite the state government extending facilities, Industries Minister Kishan Kapoor said here Tuesday.

The state had identified two alternate sites in Mandi district and written to SAIL twice last year, inviting it for spot inspections for the proposed steel processing plant, Kapoor said.

Commodity Trading Tips for Mustardseed by KediaCommodity

MustardseedMustardseed yesterday traded with the negative node and settled -0.54% down at 390

Commodity Trading Tips for Wheat by KediaCommodity

WheatWheat prices remained flat in the wake of fresh arrivals in major
producing along with possibility of removal in wheat exports products.
Traders mentioned that fresh arrivals have gained momentum in the
Madhya Pradesh mandies. The government agencies have procured 1.72 lakh
tonnes of wheat so far in the current marketing season. The officials
of Indian Agricultural Research Institute (IARI) mentioned that Madhya
Pradesh is likely to produce around 11-12 million tonnes of wheat in
the current year due to prolong spells of winter season. On the other
side, the weakness in wheat prices might be limited due to possibility

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