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Saturday, July 10, 2004
Stock brokers protest against transaction tax
MUMBAI, JULY 9.The financial markets today witnessed divergent scenes with equities moving up on renewed buying interest while the bond market came to a standstill as trading was halted with an uproar on the transaction tax issue. Brokers ...
Pressure on Finance Minister
NEW DELHI, JULY 9. Pressure from the financial market mounted on the Union Finance Minister, P. Chidambaram, to roll back the transaction tax on purchase of securities, aimed at discouraging `speculative trades.' Although Mr. Chidambaram has ...
Chelliah hails setting up of Backward States Grant Commission
CHENNAI, JULY, 9. The Chairman, Madras School of Economics (MSE), Raja J. Chelliah, today hailed the proposals in the Union Budget presented by the Finance Minister, P. Chidambaram, on setting up a Backward States Grant Commission (BSGC) aimed at ...
Leyland arm to develop port, rail link in Iran
CHENNAI, JULY 9. A consortium led by Ashok Leyland Project Services (ALPS), a Hinduja group company, today inked a memorandum of understanding (MoU) with Ports and Shipping Organisation (PSO) in Iran to develop the Port of Chabahar on a BOOT ...
Inflation rate crosses 6 p.c.
NEW DELHI, JULY 9. The inflation rate crossed 6 per cent, the highest so far in this fiscal, during the week ended June 26 mainly due to price rise in fuels such as petrol, and manufactured items, including edible oils. Bringing real interest ...
6.5 p.c. tax-free bonds withdrawn
NEW DELHI, JULY 9. In a measure likely to adversely impact the middle class, the Government has withdrawn the 6.5 per cent tax-free Savings Bond scheme and two deposit schemes for retiring employees. The decision comes a day after the 2004-05 ...
Kamal Nath to attend Paris meet
NEW DELHI, JULY 9. The Union Commerce and Industry Minister, Kamal Nath, will be attending a meeting of the NG-5, also known as the Five Interested Parties (FIPs), in Paris on July 10 and 11 to discuss key outstanding issues in the agriculture ...
Ma Foi arm in Malaysia
CHENNAI, JULY 9. Ma Foi Management Consultants Ltd., is floating a wholly-owned subsidiary in Malaysia next month. The new company christened Mafoi Malaysia SDN. BHT, will come up in the multimedia super corridor, a free trade zone, in Kuala ...
Pfizer, Pharmacia merger proposal
MUMBAI, JULY 9. The boards of Pfizer and Pharmacia Healthcare (PHL) will meet on July 13 to consider the amalgamation of PHL with the former. The amalgamation would be subject to necessary approvals, including that of the board of directors, ...
Blood glucose monitor
NEW DELHI, JULY 9. Lifescan, a division of Johnson and Johnson, today launched a self-monitoring blood glucose device in India with a price tag of Rs. 1,500. Developed in collaboration with leading diabetologists, OneTouch Horizon aims at making ...
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