Financial Daily from THE HINDU group of publications
Thursday, February 05, 2004

Cross Currency


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No nod yet for pvt airlines' foreign take-off
THE private sector scheduled domestic airlines will have to wait a while longer to take to the international skies as the Union Cabinet's final nod on permitting them to fly abroad is still awaited. Sources said that at the meeting of the ... More

Jaswant's promise on MF schemes' dividend tax waiver
THE Finance Minister, Mr Jaswant Singh, today promised to extend the exemption on dividend distribution tax payable by equity-oriented mutual funds schemes for yet another year beyond March 31, 2004. However, he added a caveat that would ... More

Sensex gains 136 on FII buying, tax sops
EQUITIES bounced back on Wednesday regaining a part of the losses suffered over the last four trading sessions. The benchmark BSE Sensex ended the day with a gain of 136 points. Hectic buying by some FIIs in index heavy weights also aided to ... More

JPC report upholds CSE findings
THE Joint Parliamentary Committee (JPC) report on pesticide residues and safety standards for soft drinks, fruit juice and other beverages, was tabled in Parliament on Wednesday. While upholding the Centre for Science & Environment (CSE)'s ... More

Cola cos defend their products
REPRESENTATIVES of both soft drink companies continued to defend the `safety' of their products. Said Mr Sunil Gupta, Vice-President, Coca-Cola India, "Our products manufactured in India are world-class and safe. We follow one quality system ... More

VSNL doing due diligence of Dishnet
VSNL is in the process of doing due diligence on the Internet services business of the Chennai-based DishnetDSL Ltd which it proposes to acquire soon. According to Mr Kishore Chaukar, Managing Director, Tata Industries, the due diligence ... More

Centre will have to fork out Rs 1,162 cr for polls
THE forthcoming elections to the 14th Lok Sabha will cost the taxpayer an extra Rs 818.38 crore during 2004-04, which is over and above the `normal' allocation of Rs 343.12 crore that would have been made even in the absence of these polls. This ... More

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