The Hindu : Business News : Wednesday, January 02, 2008

Online edition of India's National Newspaper Wednesday, January 02, 2008 ePaper

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BUSINESS

FM non-committal on moderation in tax rates
Directorate of Human Resources to be set up

Rising rupee pulls down export growth
Imports register 29 p.c. growth at $19.83 b in November

New year starts on cautious note
Selective buying by foreign funds

I-T code will be released with discussion paper
The code is not an amendment to the Income-tax Act

Insiders may have to return ‘short swing profits’: SEBI draft
MUMBAI: With a view to strengthening corporate governance norms, the Securities and Exchange Board of India on Tuesday proposed to make it mandatory for insiders to surrender profits made from shares if sold within six months of purchase. ...

GAIL, RCF sign MoU
NEW DELHI: GAIL (India) and Rashtriya Chemicals and Fertilizers Limited (RCF) have inked a memorandum of understanding (MOU) for setting up of a coal gasification project. The project, to be executed by GAIL, would entail utilisation of ...

IT: domestic growth will balance global slowdown
IDC sees significant transition in the Indian information technology industry

Three States apply for petrochemical region
NEW DELHI: Tamil Nadu, Andhra Pradesh and Karnataka are among the States that have applied for setting up of petroleum, chemicals and petrochemicals investment regions (PCPRI) with the involvement of world-class developers. Official ...

Wockhardt launches cetirizine in U.S.
CHENNAI: Wockhardt has announced the launch of Cetirizine tablets in the U.S. The company received the ANDA from the U.S. Food and Drug Administration (US FDA) for marketing the tablets containing 5mg and 10mg Cetirizine Hydrochloride, which ...

Rupee ends steady
MUMBAI: The rupee on Tuesday ended steady at 39.41/42 against the U.S. currency due to lack of any direction from the New Year holiday in most of the global markets. In a lacklustre activity at the interbank foreign exchange market, ...

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Briefly
Import duty on wheat flour scrapped
NEW DELHI: The Union Government has slashed the customs duty on wheat flour to nil, a move aimed at increasing the availability of the product in the domestic market. The move to scrap the duty was opposed by the flour millers, who said they ...

Commission term extended
NEW DELHI: The Central Government on Tuesday extended the term of the Investment Commission of India headed by Tata Group Chairman Ratan Tata till December 31, 2009. The Commission was initially set up with three-year term in December 2004 to ...

TRAI on broadband speed
NEW DELHI: The Telecom Regulatory Authority of India on Tuesday asked service providers to specify the minimum speed of broadband plan, which must be at least 256 Kbps. In a statement here, the regulator said it has already written to all the ...

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