ASBA
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Application Supported by Blocked Amount
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An application mechanism for subscribing to initial public offerings (IPOs), with funds remaining blocked until allotment.
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ASSOCHAM
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Associated Chambers of Commerce and Industry of India
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A leading trade association in India, representing various industries and promoting economic growth.
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BEP
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Break Even Point
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The point at which total revenue equals total costs, resulting in neither profit nor loss.
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BIS
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Bureau of Indian Standards
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The national standards organization of India, responsible for developing and promoting quality standards.
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BSR
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Basic Statistical Return
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A form used by banks to report statistical information on deposits and advances to the Reserve Bank of India.
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CCS
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Cash Compensatory Scheme
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A scheme in India to compensate exporters for high export costs.
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CIF
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Cost Insurance and Freight
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A trade term indicating that the seller is responsible for the cost, insurance, and freight of delivering goods to a destination port.
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CII
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Confederation of Indian Industries
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A leading industry association in India focused on enhancing competitiveness and fostering economic growth.
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COGS
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Cost of Goods Sold
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The direct costs incurred in producing goods sold by a company.
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CPI
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Consumer Price Index
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Measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.
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CPU
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Cost Per Unit
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The cost incurred to produce a single unit of a product.
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CSR
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Corporate Social Responsibility
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A business approach that contributes to sustainable development by addressing social and environmental concerns.
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DICGC
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Deposit Insurance and Credit Guarantee Corporation of India
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Provides insurance on deposits in Indian banks, safeguarding depositors' interests.
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DISC
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Discount
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Refers to a reduction in the original price of a product or service.
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ECB
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External Commercial Borrowing
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Loans in foreign currency from non-resident lenders, including commercial banks and financial institutions.
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FDI
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Foreign Direct Investment
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Investment made by a foreign entity in the business interests of another country.
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FCCB
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Foreign Currency Convertible Bond
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A type of corporate bond issued by an Indian company in a foreign currency, convertible into equity shares.
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FICCI
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Federation of Indian Chambers of Commerce and Industry
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An industry association in India that promotes business and economic growth.
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FOB
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Freight on Board
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A trade term indicating that the seller is responsible for the cost of delivering goods to a specified port of shipment.
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FOC
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Free of Cost
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Indicates that something is provided without charge.
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GATT
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General Agreement for Trade and Tariff
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A multilateral agreement regulating international trade until it was replaced by the World Trade Organization (WTO).
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GDR
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Global Depositary Receipt
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A financial instrument representing shares in a foreign company, traded on international stock exchanges.
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GP
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Gross Profit
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A company's revenue minus its cost of goods sold, providing a measure of profitability.
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IFCI
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Industrial Finance Corporation of India
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A financial institution in India that provides long-term finance to industrial projects.
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IMF
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International Monetary Fund
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An international organization promoting global monetary cooperation and exchange rate stability.
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INC.
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Incorporated
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Indicates that a company is incorporated.
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IPO
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Initial Public Offering
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The first sale of stock by a company to the public, marking its transition from private to public ownership.
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LLP
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Limited Liability Partnership
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A business organization combining elements of partnerships and corporations, providing limited liability to its partners.
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MRTP
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Monopoly and Restrictive Trade Practices
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Refers to a set of laws in India regulating monopolies and restrictive trade practices.
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NAV
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Net Asset Value
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The per-share market value of all the securities held by a mutual fund.
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NOC
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Net Operating Income
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The net income generated from a company's normal business operations.
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NYSE
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New York Stock Exchange
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The largest stock exchange in the world, located in New York City.
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OLTAS
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Online Tax Accounting System
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An online platform for the centralization of direct tax collections in India.
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PAN
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Permanent Account Number
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A unique identification number assigned to individuals and entities for income tax purposes in India.
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RTP
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Reverse Tranche Position
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A reserve position in the IMF where a country can receive funds in exchange for its own currency.
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STT
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Securities Transaction Tax
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A tax levied on the value of securities transacted through recognized stock exchanges in India.
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TAN
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Tax Deduction and Collection Account Number
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A unique 10-digit alphanumeric code issued to entities responsible for deducting and collecting taxes.
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TDS
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Tax Deduction at Source
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A mechanism where tax is deducted at the point of origin of income, ensuring a regular inflow to the government.
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TIN
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Tax Information Network
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A system to streamline and modernize the direct tax collection process in India.
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VAT
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Value Added Tax
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A consumption tax levied at each stage of the production and distribution chain, with the end consumer ultimately bearing the tax burden.
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