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Sunday, January 19, 2003

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INDUSTRY & ECONOMY

PENSION PLANS


Nirvana from Tata AIG
Tata AIG has launched Nirvana, a pension plan for individuals. The policy cover is available for persons between 18 and 55 years with a minimum cover of Rs 5,000. Premiums have to be paid till retirement when 25 per cent of the sum accumulated ... More

INVESTMENTS


Toyota Corolla: Style, speed and safety
CLOSE on the heels of the launch of its premium, luxury sedan, Camry, Toyota has entered the high-end C-segment passenger car market with the launch of the much-awaited mid-size sedan, Toyota Corolla. The Corolla, an extremely popular sedan ... More

What retail trading in G-secs means
INVESTING in government securities (g-secs) has been made easy for the retail investor. For a taxpayer, there is a stronger case now for inclusion of g-secs in a portfolio. There may even be a case for investing surplus savings bank deposits in ... More

Television Eighteen: Subscribe
THE SHAREHOLDERS of Television Eighteen can subscribe to the rights offer of Zero Coupon Secured Partly Convertible Debentures (ZCSPCD). The rights offer presents investors an opportunity to reduce the cost of acquisition of their original ... More

ICICI Bank: Higher yields than on term deposits
THE first offer of Safety Bonds after the ICICI-ICICI Bank merger is now open for subscription. Expectedly, the yields on the various investment options are higher than on ICICI Bank's term deposits. For term-deposit investors, that is an ... More

Retail debt market
RETAIL trading in debt instruments has commenced on the NSE from January 16. This is the first part of edited extracts of the basics of the debt market. Government Security: Government Securities are issued by the Government and are ... More

ECONOMY


Centre to invest Rs 10,000 cr in Kerala
THE Prime Minister, Mr A.B. Vajpayee, has announced Central investments to the tune of Rs 10,000 crore in the next few years to Kerala, the State "which has never been inward looking and has always looked and forayed beyond its ... More

Reliance Chairman commits Rs 1,000 cr for Kerala
THE Reliance group will invest as much as Rs 1,000 crore in Kerala, Mr Mukesh Ambani, Chairman of Reliance Industries Ltd, said at the first-ever Global Investors' Meet organised in Kerala, at Kochi. Reliance has come to the State offering ... More

PERSONAL PRODUCTS


Relaxation in overseas investments — Give FMCGs their due
AVID followers of Mr Warren Buffet may be enthused by the recent proposal to allow Indian investors to invest in stocks of global companies with a listed Indian arm. For this paves the way for Indian investors to acquire stakes in some big names ... More

GEMS & JEWELLERY


Gem exports up 22 pc
GEM and jewellery exports rose by 22.15 per cent in 2002 to $8709.15 million as compared to $7129.99 million in 2001. The overall increase in exports is primarily on account of a `remarkable' growth in gold jewellery and diamond exports, the ... More

FOREIGN DIRECT INVESTMENT


Case for 100 pc FDI in education sector
KOLKATA: To put a check on the brain drain from the nation, the Indo-American Chamber of Commerce wants the Union Government to allow 100 per cent foreign direct investment in the higher education sector. This was announced by the ... More

INCOME TAX


House property: How to compute income
IF YOU want to know more about computing `income from house property' for income-tax purposes, read on: Broadly, a house property under the Income-Tax Act may be treated either as self-occupied or let out. It may be that even if a property is ... More

EXPORTS & IMPORTS


Soft rates sought on capital goods imports
THE PHD Chamber of Commerce and Industry (PHDCCI) has made out a case for continuation of the nil rate or concessional rate of customs duty at five per cent on capital goods and various other project imports. In a statement here, the chamber ... More
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Jan. 12-Jan. 18
FICCI for restoration of 10% creeping acquisition limit

`Rural sector needs more credit avenues'


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