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Saturday, July 10, 2010
Planning your taxes
It’s been almost a month since the government cleared the Finance Bill 2010. Now that rules of the tax game are clear, it’s important for you to establish your tax planning strategy, which should essentially be linked to your medium- and long-term financial goals. As an early start gives you the edge of achieving the right balance between your investment growth and tax management, clearly, it is important to start right away. Here's how you can effectively plan your taxes for the Financial Year (FY) 2010-11.
Annual Report - Dunlop - 2009-2010
DUNLOP INDIA LIMITED
ANNUAL REPORT 2009-2010
DIRECTOR'S REPORT
Your Directors present the 83rd Annual Report of the Company together with
the audited accounts for the financial year ended 31st March, 2010.
Annual Report - 3M India - 2009-2010
3M INDIA LIMITED
ANNUAL REPORT 2009-2010
DIRECTOR'S REPORT
Your Directors have pleasure in presenting to you their 23rd Annual Report
and Audited Accounts for the fifteen months period ended March 31,2010.
EU bank regulator to stress-test 91 banks
Europe's banking supervisor said that 91 banks will take part in the financial sector stress tests that will check their resilience to further market and credit risks. The Committee of European Banking Supervisors also laid out the key features included in the tests. "The exercise is being conducted on a bank-by-bank basis using commonly agreed macro-economic scenarios," the CEBS said. The scenarios would show a different impact on the various European Union member states, said CEBS. It also envisages adverse conditions in financial markets and a shock on interest rates to capture an increase in risk premium in bond markets, said London-based CEBS. The adverse scenario assumes a 3% decline in GDP from European Commission forecasts for 2010 and 2011, and tests for resilience to sovereign risk at a level beyond the market conditions experienced in early May 2010. The EU expects its economy to expand 1% this year and 1.75% in 2011. The scope of the tests was also extended to include shocks from sovereign debt defaults.
Volkswagen unveils Vento in India
Volkswagen, Europe’s largest car maker unveiled its new sedan the New Volkswagen Vento in New Delhi. The New Volkswagen Vento will be available with a petrol and diesel variant. The petrol variant is equipped with a 1.6 litre engine with an output of 105PS @ 5250 rpm and a Torque of 153NM @ 3800 rpm. The diesel variant is also equipped with the 1.6 litre engine with an output of 105PS @ 4400 rpm and a Torque of 250 NM @ 1500-2500 rpm. It will be available in two trim levels including Trendline, Highline. The petrol variant is paired with a 5-speed manual and a 6-speed automatic gear box and the diesel variant is paired with a 5-speed manual gearbox.
"For the Volkswagen Group, India is an important strategic growth market, as we continue to grow our volumes and market share in this automotive boom market with our brands Volkswagen, Audi and Skoda", Christian Klingler, Group Board Member for Sales and Marketing commented during the car presentation. In the first six months of 2010, the Group delivered 16,900 vehicles in India, showing an increase of more than 100% and therefore a higher growth than the overall market (+29%).
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