Shares of Bharat Heavy Electricals Ltd. gained 0.74 per cent to Rs 27.05 in Friday's trade as of 12:01PM (IST). The stock hit a high price of Rs 27.5 and low of Rs 26.15 during the session. The return on equity (ROE) for the stock stood at 3.27 per cent. Traded volume on the counter stood at 12:01PM shares and turnover at Rs 5.45 crore around that time. The stock of Bharat Heavy Electricals Ltd. quoted a 52-week high and 52-week low prices of Rs 75.5 and Rs 19.2, respectively. The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 1.57. Promotor/FII Holding Promoters held 63.17 per cent stake in the company as of 31-Mar-2020, while overseas investors held 9.36 per cent and domestic institutional investors had 5.62 per cent. Key Financials The company reported consolidated sales of Rs 5459.24 crore for the quarter ended 31-Dec-2019, down 9.47 per cent from previous quarter's Rs 6030.16 crore and down 23.33 per cent from the … [Read more...] about Share price of Bharat Heavy Electricals Ltd. rises as Nifty weakens
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“This particular group is full of landmines,” said Jamie Cox, managing partner for Harris Financial Group. “There is not going to be a lot of investor follow-through until we get some certainty with what future revenue prospects are going to be.” … [Read more...] about Wall Street Week Ahead: Investors eye consumer discretionary stocks as U.S. reopens
Unlike many of his peers, Nimbark has kept his work simple. “It is a time of confusion and stress, with the coronavirus spreading everywhere; there is no cure or a vaccine. This is when we need to turn to God,” says the National Award-winner. On his two canvases — depicting devotees wearing face masks praying to Lord Krishna — he introduces Covid-19 subtly. The first shows the virus floating in the air, while the second has a bottle of sanitiser placed strategically on the ground. “There are no fresh orders for paintings coming in, so I’m experimenting, trying something new. With works like this [he is also working on a series of paintings on the Sikhs’ 10 gurus], I hope I’ll be able to drum up some demand in the days to come.” Priced at ₹20,000. … [Read more...] about When Indian folk art finds a viral muse
PUNE: Food prices have largely returned to their per-lockdown levels after shooting up in the first phase of the lockdown. Improvement in capacity utilisation at mills and in transportation, good stock with consumers and government distribution of food to the poor have helped reduce the pressure on both demand and supply sides for wheat, rice, pulses and edible oils, pulling their prices down. Imran Sharif, a rice processor and trader who supplies rice to South India, is worried about a sharp fall in demand. “First lockdown (till April 14) was very expensive for consumers as retailers sold food at the price of their choice. Now the buying has reduced. Prices of rice, though higher by Rs 2-3 a kg when compared to pre-lockdown period, have now dropped by 7-10% when compared to the period of the first lockdown,” he said. Nilesh Veera, a director of the Mumbai Agricultural Produce Market Committee in Vashi, said prices of daily essentials like wheat, rice, pulses and edible … [Read more...] about Food items back to pre-Covid prices
Imports from related parties are generally subjected to valuation under the Customs Act, 1962 as well as Transfer Pricing (‘TP’) under the Income-tax Act, 1961. While both regulations aim to arrive at an appropriate price, the outlook is different. Where one prevents excessive price for imports recorded in the books, the other prevents under-pricing. There is even similarity in the methods that are used to arrive at the appropriate price. However, in absence of a legal binding, businesses struggle to make a case before the revenue authorities. The PreambleThe TP Regulations and the tax authorities, through the Arm’s Length Price (‘ALP’) approach, examine the transaction price to ensure that the profit as well as the tax payable on the profit earned from the imported goods, is not understated. On the other hand, Customs law and the customs authorities, through Fair Value (‘FV’) approach, ensures that the price is not understated to reduce the … [Read more...] about Valuation Under Transfer Pricing & Customs – Will They Ever Converge?