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Saturday, March 05, 2005
Tax on cash withdrawal, fringe benefits to stay: Chidambaram
NEW DELHI, MARCH 4. Asserting that the cash withdrawal tax with a revised cap and the Fringe Benefits Tax (FBT) are here to stay, the Union Finance Minister, P. Chidambaram, today invited industry representatives to help his ...
Sensex scales new high
MUMBAI, MARCH 4. The Sensex today touched another high, breaching the key resistance level, to close at 6849.48 on the Bombay Stock Exchange, propelled by sustained hectic all round buying led by foreign funds' active participation. The ...
What is branded jewellery Government clarifies
NEW DELHI, MARCH 4.In a bid to clear the misgivings among a section of the jewellery trade, the Government today noted that the 2 per cent excise duty proposed on "branded'' articles of jewellery is leviable only if the brand name or the trade ...
ONGC strikes big gas reserve in KG basin
MUMBAI, MARCH 4.In a major find, the Oil and Natural Gas Corporation (ONGC) has found a big reserve of gas close to three trillion cubic feet in deep waters in the Krishna-Godavari basin, off the Andhra Pradesh coast. The discovery was made at a ...
Guidelines for FDI in construction notified
NEW DELHI, MARCH 4.Pursuant to the recent decision allowing 100 per cent foreign direct investment (FDI) in the construction sector, the Government today came out with guidelines stipulating that investors will have to develop at least 50 per ...
Chidambaram to meet RBI Board
NEW DELHI, MARCH 4. The Union Finance Minister, P. Chidambaram, will discuss with the Reserve Bank of India the monetary policy implications of budget tomorrow and finalise the borrowing schedule by month end. He will meet the RBI board on ...
19 FDI proposals cleared
NEW DELHI, MARCH 4. The Union Government today cleared 19 foreign direct investment proposals amounting to Rs. 20.66 crores, including Vossloh Cogifer SA's acquisition of an Indian company for Rs. 5.03 crores. Other investment proposals came from ...
K Sera Sera to tap market
MUMBAI, MARCH 4. Film and television software production house K Sera Sera Productions is to tap the capital markets to raise around Rs. 60 crores, which would be used to expand the company's software production and distribution of films in ...
Lupin's ESOP plan
MUMBAI, MARCH 4. Lupin will grant around four lakh equity shares at a vesting price of Rs. 567.35 to nearly 175 of its managers under the Employee Stock Option Plan (ESOP). "Companies need to attract and retain top quality talent in order to ...
Hexaware bags U.K. order
CHENNAI: Hexaware Technologies, a global information technology service provider, said that it had landed a large engagement with a global insurance company based in the U.K. The order was worth $1.2 million, a release said. The insurance company ...
Nightingale inks deal with ITDC
CHENNAI: Nightingale has entered into an exclusive agreement with the India Tourism Development Corporation (ITDC) to retail the Nightingale range of stationery products through ITDC-owned Airport duty-free shops in India. Nightingale products ...
Volvo Construction strengthens presence
CHENNAI: Volvo Construction Equipment in India strengthened its presence in Jharkhand and Bihar markets with the appointment of a new dealer, Infra Equip Pvt. Ltd., for selling and supporting the full range of equipment and after sales support in ...
Wipro opens new office in Munich
BANGALORE: Wipro Technologies, the global IT services division of Wipro, today announced the opening of its new office in Munich, the third in Germany after Kiel and Düsseldorf. Driven by business growth, the office, to be staffed by local ...
PNB conducts customer meet
KOZHIKODE: Punjab National Bank conducted a customers' meet in connection with the forthcoming public issue of shares at Hotel Malabar Gate on February 28. Customers from Malappuram, Kozhikode and Kannur attended the meeting. S. V. Shenoy, zonal ...
NCDEX terminal to be inaugurated
KOZHIKODE: The Wayanad District Collector, V. Vijayakrishnan, will inaugurate the National Commodity and Derivatives Exchange (NCDEX) trading terminal of Bhas Commodities (P) Ltd on March 9 at Sulthan Bathery. R. Ganesh, Head-membership and ...
LIC launches Future Plus
KOZHIKODE: The marketing of Life Insurance Corporation of India's new scheme, Future Plus, has started. Its special features include death/accident benefits, and benefits for terminal disease. There will be no fine for surrendering the policy ...
Gramin bank holds SHG convention
KOZHIKODE: As many as 265 persons, a majority of them women, took part as representatives of 32 self-help groups attached to the Kizhissery branch of the South Malabar Gramin Bank (SMGB) at a convention held recently, a spokesman for the bank ...
Oracle India's new MD
CHENNAI: Oracle India Pvt. Ltd., a wholly owned subsidiary of Oracle Corporation, has announced that Krishan Dhawan has taken over as the new Managing Director of Oracle India. "Mr. Krishan brings with him more than 25 years of experience in the ...
HDFC Bank's loan mela
MANGALORE: HDFC Bank, Mangalore branch, has commenced a two-day loan mela, starting Friday at Saldanha Providence, Balmatta Road. The mela will focus on personal loans, car loans, two-wheeler loans, commercial vehicle loans, housing loans and ...
Guhring's new manufacturing plant
BANGALORE: Guhring India, the world's leading suppliers of rotary cutting tools, has opened a new manufacturing facility in Bommasandra Industrial Area in Bangalore. The new centre boosts Guhring India's capabilities to develop and produce the ...
Canbank MF declares dividend on CanEquity
MANGALORE: Canbank Mutual Fund has declared an Income Distribution of 25 per cent on the face value of Rs. 10, on its CanEquity tax saver scheme, an open-ended equity linked savings scheme. This income distribution is tax-free in the hands of the ...
LogicaCMG appoints new CEO
BANGALORE: LogicaCMG on Friday announced the appointment of Rahul Patwardhan as the Chief Executive Officer, application management, for its offshore and nearshore operations, based in Bangalore. Mr. Rahul will function as a key member of the ...
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