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Tuesday, September 27, 2005
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States restrained from levying sales tax on VSNL
Company challenges the legislative competence of States

Sensex rebounds 256 points on fresh buying
Fall in crude prices, rally in global markets aid sentiment

Strategy to accelerate manufacturing sector
Amendments to IDA have to be legislated first, says council

Hyundai, Maruti to hike prices
Accent, Getz to cost more; company plans new model MC-Series

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Barometer


Briefly
Hutch buys BPL's stake from Essar for $1.15 b
NEW DELHI: Hutchison Telecom on Monday entered into a deal with the Essar group to buy over BPL's stake and Essar SpaceTel for $1.15 billion (about Rs. 4,900 crore). Essar and its associates had purchased 64 per cent stake in BPL Cellular for ...

Next generation IPv6 platform
NEW DELHI: The Telecom Regulatory Authority of India (TRAI) on Monday said it had extended till October 7 the time given for submission of comments from stakeholders for the transition to IPv6, the `next generation' protocol for the Internet, ...

Competitive bidding in power transmission
NEW DELHI: The Central Electricity Regulatory Commission (CERC) on Monday said it had accorded approval for building transmission systems through competitive bidding. The procedure had been proposed by the Central Transmission Utility (Powergird) ...

Caparo group signs MoU with MP Govt.
LONDON: In an effort to further expand its operations in India, NRI Industrialist Lord Swraj Paul's Caparo group on Monday signed a memorandum of understanding with the Madhya Pradesh Government for setting up new manufacturing facilities in ...

New service counter at State Bank of Mysore
COIMBATORE: State Bank of Mysore has opened a new service counter called the Grahak Mitra at its main branch here. These counters will help customers with their basic queries and direct them to the respective desks according to their ...

SIEMA welcomes announcement for SSIs
COIMBATORE: The Southern India Engineering Manufacturers' Association has welcomed the Centre's announcement enhancing the subsidy from 12 per cent to 15 per cent under the capital subsidy scheme for small-scale units. It has also welcomed the ...

GoldPlus showroom in Erode
COIMBATORE: Titan Industries has opened a GoldPlus showroom in Erode. GoldPlus is a new range of jewellery targeting semi-urban and rural areas. A range of 4,000 designs, all of them in 22 carat, will be offered at the ...

Russian gear at defence industry fair
CHENNAI: Ka-226, a light multipurpose helicopter with two engines and interchangeable cargo modules that can be reconfigured within two hours into passenger, transport, modevac and special categories is among the equipment that Russia will ...

U.S. firm's outsourcing pact with iSoftTech
CHENNAI: The U.S.-based Vanu Inc. has entered into a product development outsourcing agreement with the Chennai-based iSoftTech. Under the agreement, iSoftTech will create an engineering team within the organisation that will function as an ...

New norms for textile parks
COIMBATORE: The Union Ministry of Textiles has modified some of the guidelines for the Integrated Textile Park Scheme. In a recent notification, it said that a park under the scheme should normally have at least 50 units with a total investment ...

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