The Hindu Business Line : Thursday, January 15, 2004

Foreign participation in oil PSUs sell-off cleared — Decision taken at emergency meeting
THE Centre's urgency to complete the disinvestment process in oil sector PSUs in the current fiscal prompted the Finance Ministry to convene an emergency meeting of the Foreign Investment Promotion Board (FIPB) on Wednesday to clear proposals for ... More

FIIs buying SBI shares at premium
AT a time when the stock of State Bank of India (SBI) is quoting at an all-time high, foreign institutional investors (FIIs) are paying a premium of between 10 per cent and 17 per cent for shares of the country's largest bank. Brokers said ... More

BPCL in talks with Reliance for long-term purchase agreement
BHARAT Petroleum Corporation is negotiating a five-year agreement with Reliance Industries to buy products from its Jamnagar refinery. A previous product-sourcing agreement between the two companies expires on March 31, 2004. Destined for the ... More

Brokers told to disclose details of bulk deals
IN order to prevent speculation on bulk deals in the market, the Securities and Exchange Board of India (SEBI) has decided to make the disclosure of such deals mandatory. SEBI in a notice to the stock exchanges on Wednesday said the ... More

Filing returns through employer — New norms prescribed for salaried employees
A SALARIED employee who has worked for more than one employer during the `previous year' cannot opt for the Income Tax department's new scheme that allows him to file his tax return through the employer. The scheme, which will come into effect ... More

24% rise in direct tax collections
THE direct tax collection for the period April -December 2003-04 has registered a growth of 24 per cent compared to the corresponding period of the previous financial year, 2002-03. Tax authorities are confident that direct tax collections ... More

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