Author: wealth18.com

The Income Tax Department has now performed the 2nd round of data matching and identified additional 21.75 lakh potential non-filers     The department had initiated a business intelligence project in February 2013 to identify PAN holders who have not filed I-T Return and about whom specific information is available in Annual Information Return (AIR), Central Information Branch (CIB) data and TDS/TCS Returns.  The department has already sent letters to the 50,000 potential non-filers in the first batch..  The results of this initiative are very encouraging and 5,36,220 returns have been received from the target segment. Self assessment tax of Rs 1,017.87 crore, and advance tax of Rs 898.22 crore has also been paid by the target segment IT dept has urged all tax payers to d...

Feb 18 2014 Kotak Mahindra (International) Limited bought 1.02 million shares Citigroup Global Markets Mauritius Private Limited bought 0.72 million shares The deal represents approx 10% stake in the company and on an average price of Rs 300. The company's trailing 12-month (TTM) EPS was at Rs 14.04 per share. (Dec, 2013). The stock's price-to-earnings (P/E) ratio was 19.94. The latest book value of the company is Rs 82.22 per share. 52 week high price - Rs 300 52 weak low price - Rs 104 Market Cap - RS 485 crores  FIIs are showing interest in this stock as during April 2013 - Dec 2013 , they have acquired almost 15% stake.  FII Holding in Mar 2013 was 0.18%  ,  which is increased to  15.13 % in Dec 2013. 

12-Feb-2014 RBI has allowed FII to buy shares in Future Retail as the FFI holding has gone below the prescribed threshold limit under FDI policy. In Jan 2014, RBI RBI had placed restriction on FIIs to purchase shares in Future Retail as the foreign shareholding had crossed the overall permissible limit of 24 per cent of paid-up capital.   JPMSL A/c Copthall Mauritius Investment purchased 14.65 lakh equity shares of the company at Rs 91.88 apiece on the National Stock Exchange.    (0.6% stake for Rs 13.5 crore).  As on December 31, 2013, Copthall Mauritius Investment holds 1.64 percent stake in company. Future Retail reported net profit of Rs 22 crore for the quarter ended December 2013 as against loss of Rs 20.4 crore in same quarter last year. The bottomline was supported by exceptiona...