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Saturday, May 22, 2004

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Draft CMP: Market manipulators beware
WHILE there would not be any disinvestment of profitable public sector units by the United Progressive Alliance (UPA) Government, tough times could be ahead for erring capital market participants. The draft common minimum programme (CMP) of ... More

NCP to join Govt; Laloo yet to budge
THE Congress can well heave a sigh of relief with the Sharad Pawar-led Nationalist Congress Party (NCP) deciding to join the Government. However, the RJD chief, Mr Laloo Prasad Yadav, continues to play hard to get, with the party yet to make its ... More

Pharma industry wears worried look
EVEN as the scramble is on for key ministries at the Centre, pharmaceutical circles closely watch how the Left presence on the fringes of Government, will augur for the health of this industry. The domestic drug industry has much at stake in ... More

CBDT may revise circular on taxation of BPO activities
THE Finance Ministry has indicated that the tax department's circular issued in January this year on taxation of foreign entities outsourcing certain activities to the country may be revised. This has bolstered sentiment in the business ... More

Sourav to bat for Indian tea beyond boundaries
INDIAN cricket team captain Saurav Ganguly may brew a new hope for the tea sector. According to tea industry sources, efforts are on to get his support in promoting Indian tea for generic promotion and also overseas. If the agreement is ... More

RBI waives charges on electronic transfers
IN order to give further fillip to electronic mode of payments, the Reserve Bank of India (RBI) has announced a waiver on transaction charges on banks for Electronic Clearing System (ECS) and Electronic Fund Transfer (EFT) systems. The end ... More

Sensex on a roller-coaster ride
MARKETS turned volatile again as the benchmark BSE Sensex closed the last trading day of the week on a positive note. The Sensex was up 29.46 points (0.6 per cent) on Friday. The 30-stock index opened at 4922.48 points, about 10 points lower ... More

`Java world is getting wider'
AS intelligent devices proliferate and more and more people access information and services on handhelds and mobile devices, technology developers face the challenge of bringing in interoperability without disrupting their work to ensure seamless ... More

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