The Hindu Business Line : Sunday, August 24, 2003

Nifty and Sensex — Differently driven
STOCKS in the oil sector (uptsream and downstream) have emerged as the key drivers of the narrow market indices such as the S&P CNX Nifty and BSE Sensitive Index. This is a far cry from the time the information ... More

TAKING COUNT

Stock prices: Sensing the right signals
Taking a view on the market based on Sensex levels, or even market cap-weighted valuation multiples, is fraught with risk. It would be better if investors took a view on individual stocks and acted accordingly. More

SIMPLE ECONOMICS

Of short sale and proposed changes in it
SEBI's Secondary Market Advisory Committee (SMAC) in its recent report has suggested a change in the definition of short sales. What is short sale and what is the implication of the proposed change in the ... More

TAX TALK

A primer on TDS
HOW is the quantum of tax to be deducted on salary determined? Reply Tax is to be deducted on salary (Section 192) by an employer only at the time of payment of salary. The deduction is to be at the rates of ... More

Taxation of employee benefits and balance transfer
MY ORGANISATION has issued shares to its employees. Under this scheme, eligible employees are offered shares at a discounted price, that is below the market prices and also free of cost. Kindly explain the tax treatment ... More

Leave travel assistance or allowance
OUR organisation was providing to the employees leave travel allowance. It has recently changed this to leave travel assistance. So long as the employees were being provided leave travel allowance, the employees were ... More

IN FOCUS

Riding the market bull
THOSE salivating at the inexorable rise in the Sensex would do well to remember these words of ancient Chinese philosopher Lao-tsu. It has been a 40 per cent ramp-up in the Sensex from the depths of 2,900 in ... More

FD WATCH

Canbank Factors: Factor in for a year
THE fixed deposit programme of Canbank Factors, a subsidiary of Canara Bank, is open for investment. Considering the strong parentage and the growing business volumes, an investment up to one year can be considered. An ... More

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