Financial Daily from THE HINDU group of publications
Tuesday, March 11, 2003
Markets (March 10)
BL 2501067.35 (-10.56)
BSE Sensex3125.88 (-27.18)
S&P CNX Nifty1006.70 (-10.40)
Dollar (Buy/Sell)47.60/47.73
Gold Std (10 gm)5585 (-60)

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Service tax `out-of-bounds' for States
CONSUMERS scared about the hike in the service tax rate from five per cent to eight per cent announced in the 2003-04 Union Budget need not fear that the Centre would empower States as well to mop up revenues from taxation of services. In ... More

Fall in Net subscribers turns ISPs jittery
ISPs have been demanding that there be a separate tariff for dial-up Internet access. They also want a share of revenues from basic telephone operators for helping generate significant volume of traffic through dial-up access. More

DFHI all set to acquire SBI Gilts
DISCOUNT and Finance House India Ltd (DFHI) would soon take over SBI Gilts Ltd, creating the country's largest primary dealership (PD) entity, with a combined net worth of nearly Rs 1,000 crore and a portfolio of more than Rs 2,000 crore. The ... More

Shaw Wallace may split beer with SABMiller — Says value unlocked will be shared with Bhavika
SHAW Wallace & Co Ltd, part of the Jumbo Group empire, is prepared to divest up to 50 per cent stake in its beer business to SABMiller, the world's second largest brewer. The Indian alcoholic beverages major has also hinted at sharing management ... More

War on Iraq will not impact oil bill: Jalan
THE Reserve Bank of India Governor, Dr Bimal Jalan, on Monday assured that there would be no problems in meeting the oil bill in the event of a war on Iraq. However, he said that the war in the Gulf could have a temporary impact on ... More

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