The Hindu Business Line : Friday, July 25, 2003

DoT againt sales tax on rentals — Moots legislation to bar the levy on phones
IN a move that should see a steady fall in the telephone bills of subscribers in many states across the country, the Department of Telecommunications (DoT) is pushing for a legislation to bar State Governments from levying sales tax on telephone ... More

Other income boosts SBI net by 19.69 pc
A SIGNIFICANT increase in other income has enabled State Bank of India (SBI) to report a 19.69 per cent growth in net profit at Rs 913.50 crore for the first quarter ended June 30 compared to Rs 763.30 crore in the corresponding previous ... More

FIIs' active buying propels market
THE stock prices rebounded sharply on Thursday after remaining dull for a week. The uptrend in the market was mainly due to active buying from FIIs and select institutional investors. The market opened on a flat note and slowly witnessed buying ... More

Zee promoters sell 3% stake to FIIs
PROMOTERS of the Subhash Chandra-lead Essel Group offloaded three per cent of their equity holding in Zee Telefilms, placing 1.23 crore shares in block deals with foreign institutional investors on the Bombay Stock Exchange today. The proceeds ... More

Jacob Kurian quitting Tanishq, Tata group
MR Jacob Kurian, Chief Operating Officer (COO) of Tanishq, the branded jewellery division of Titan Industries, is quitting. Mr Kurian has put in his papers to follow a career outside the Tata Group. Mr Bhaskar Bhat, Managing Director of Titan ... More

CCIL to offer free forex clearing from Aug 7
BANKS will be able to trade in foreign currencies on the free-platform being offered by Clearing Corporation of India Ltd (CCIL) from August 7. CCIL has received permission from the Reserve Bank to launch it trading platform — FX-CLEAR. ... More

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