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3:15 PM

EPF to ELSS: Five key investments you can make under Section 80C

 

With the end of the financial year fast approaching, the employed need to furnish their Section 80C investments, which has a combined limit of Rs 150,000, to employers.

 

If you haven’t still made any investments, here are five key ones

 

3:05 PM

TCS nears three-year high ahead of December quarter results

 

Tata Consultancy Services (TCS) was up 3% at Rs 2,785 on BSE in noon deals, trading nears to its three-years high, ahead of October-December quarter (Q3FY18) earnings on Thursday, January 11, 2018. The company’s board will also consider a third interim dividend.

 

The stock trading at its highest level since March 4, 2015. It is less than 2% away from its all-time high of Rs 2,834 touched on October 7, 2014 on BSE in intra-day trade.

 

Analysts at Kotak Securities expect constant currency (c/c) revenue growth of 1.4% and negligible cross currency impact in Q3FY18. Growth would be impacted by usual seasonal furloughs and soft BFS in North America. READ MORE

2:51 PM

Retail shares gain on Cabinet nod for 100% FDI in single brand retail

 

Shares of retail companies have rallied by up to 8% after the Cabinet cleared 100% foreign direct investment (FDI) through automatic route in single brand retail trading.
 

Monte Carlo Fashions, Future Consumer, Indian Terrain Fashions, Zodiac Clothing Company, V-Mart Retail and Future Market Networks were up in the range of 4% to 9% on BSE. READ MORE

2:35 PM

FDI norms relaxed, foreign airlines can invest up to 49% in Air India

 

The government on Wednesday relaxed FDI norms in various sectors such as single brand retail and allowed foreign airlines to invest up to 49 per cent in Air India. The decision was taken during the Cabinet meeting chaired by Prime Minister Narendra Modi here.

 

The Cabinet allowed overseas investors to invest 100 per cent FDI (foreign direct investment) in single brand retail trading and construction development without any government approval, an official statement said. "Foreign airlines allowed to invest up to 49 per cent under approval route in Air India," the statement said.

2:17 PM

Europe Trade

European equities opened lower as investors watch out for corporate earnings and fresh data. The pan-European Stoxx 600 was down by 0.13% with most sectors trading in negative territory.

 

2:02 PM

Asia Check

 

Asian shares flinched from testing their 2007 record peak on Wednesday, as investors booked profits in high-tech shares while oil prices hit three-year highs due to production cuts and a fall in inventories.

 

MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.5% after six straight days of gains until Tuesday, that had taken it within a stone’s throw from the record high touched in November 2007

 

Japan’s Nikkei also shed 0.3%, slipping from 26-year highs hit the day before.