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Saturday, January 03, 2004

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Sensex crosses 6,000, closes at historic high
AS trade and growth indicators revealed a gilt-edged economic performance, spirited investors poured money into Indian equities taking the country's oldest stock index, the BSE Sensex, to its historic high on the second day of the new year. The ... More

Valentine's Day again!
THOSE in love with the stock market would not forget the Valentine's Day of Y2K. That (February 14, 2000) was the day when the 30-share Sensex, benchmark index of the country's business health and investor confidence hit its zenith of 6150.69. In ... More

Bullish market: It's real, says CII
THE Confederation of Indian Industry (CII) on Friday said that strong growth had pushed the Sensex beyond the 6000 mark. "This is not euphoria, this is real," CII President, Mr Anand Mahindra, said in a statement. Further, CII has said that it ... More

`Bonus' announcements spell tax opportunity for investors
A SPATE of `bonus' announcements among several listed companies big and small, during the first three quarters of the financial year should help investors shelter their capital gains in the stock market, say market sources here. Budget 2003 ... More

Cellular subscriber base figures overestimated?
WITH close to two million new additions to the cellular subscriber base every month, the service providers, Department of Telecommunications (DoT) and the Telecom Regulatory Authority of India (TRAI) have expressed confidence in the rapid growth ... More

E-filing of service tax returns extended to 58 services
IN an assessee-friendly move, the Finance Ministry has extended the facility of e-filing of service tax returns to all the 58 taxable services. Hitherto, this facility was available only in respect of 10 taxable services including telegraph ... More

Govt kicks off RCF divestment process
THE Union Government has called for expressions of interest from companies interested in buying 51 per cent stake in Rashtriya Chemicals and Fertilisers Ltd. The Government plans to offload two per cent of its share to employees out of the total ... More

Finance Ministry clarification on BPO taxation
THE Finance Ministry has clarified that foreign/non-resident companies setting up business process outsourcing (BPO) units in India to undertake "incidental activities" on their behalf will have to pay tax on the "insignificant profit" generated ... More

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