The Hindu Business Line : Monday, January 07, 2002

US-64 NAV-repurchase price difference -- Budgetary grant for UTI to bridge gap
The bail-out cost to the Government for the next fiscal could work out to around Rs 6,400 crore, assuming that the net asset value of US-64 stays at the current level of Rs 6.21 in May 2003 and based on the present unit capital of Rs 12,778 crore of the scheme. More

Tax on foreign cos may be lowered to 35 pc
THE Finance Ministry is considering a proposal to bring corporate tax rate for foreign companies at par with the rate on domestic companies in the ensuing Budget, in line with the recommendations of the Parthasarathy Shome Committee. ... More

Corporate tax rate cut, MAT withdrawal -- Sinha must bite the bullet, say CEOs
A MAJORITY of the respondents of a CEO snap poll conducted by the Confederation of Indian Industry (CII) wants the Union Finance Minister, Mr Yashwant Sinha, to reduce corporate tax rate from 35 to 30 per cent and simultaneously eliminate the ... More

Open offer for 17.1% Philips stake begins today
THE open offer to purchase 17.1 per cent equity, representing the outstanding public shareholding of Philips India Ltd, by its parent company Royal Philips Electronics of the Netherlands, commences on Monday and closes on February 5, an official ... More

`Promoters will clear dues to Zee this week'
THE promoters of Zee Telefilms Ltd (ZTL), who have been discharging their liabilities towards the company in a staggered manner, will shortly clear their entire dues, an official statement from the Essel group said here today. According to it, ... More

Promises to triple development aid -- Blair romances rural India
``IT is a wonderful visit for me. It is a very great pleasure to be with you. I am delighted to be here in this village of Vattem.'' These are some of the expressions of the British Prime Minister, Mr Tony Blair, who spent close to an hour with ... More

ICAI to consider 4 new standards for approval
THE 30-member Central Council of the Institute of Chartered Accountants of India (ICAI) will meet here for four days from Monday to consider for approval four new accounting standards, including a revision of the existing accounting ... More

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US-64