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Tuesday, June 08, 2004

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Govt to ensure stable tax regime: Kalam
Growth rate pegged at 7-8 pc; FII, FDI to be encouraged

PUTTING his official seal on the broad policy framework for the United Progressive Alliance (UPA) Government, the President, Dr A.P.J. Abdul Kalam, today said that the Congress-led coalition would target an annual growth rate of 7-8 per cent ... More

For goods not under MRP-based assessment — Budget may introduce excise levy at `first point of sale'
The move, according to official sources, would help bolster revenues from a host of pharma and textile items, whose brand value and other `intangibles' are currently not captured during excise assessment. More

Tata Steel plans 1:2 bonus issue
THE board of Tata Steel has recommended an issue of bonus shares in the ratio of 1:2 - one share for every two held. This is subject to the approval of the shareholders at the annual general meeting of the company on July 22. The share ... More

IHT issue: Govt to file caveats in High Courts
THE Information and Broadcasting (I&B) Ministry will file caveats in the Andhra Pradesh High Court and the Delhi High Court in anticipation of a stay petition filed by Midram Publication Private Ltd, which prints the International Herald Tribune More

Indian equity market still attractive on P/E ratio
DESPITE several foreign broking firms downgrading the Indian equity market compared to other Asian emerging markets, Indian stocks continue to remain attractive on the price-earning (P/E) ratio, price to book value and dividend yield, according ... More

Mukesh discusses convergence with Jaipal Reddy
RELIANCE Industries Ltd's Chairman and Managing Director, Mr Mukesh Ambani, on Monday met the I&B Minister, Mr S. Jaipal Reddy, to discuss convergence, a key business area for the group. With Reliance Infocomm laying over 120,000 km of info ... More

Do not treat financial derivative transactions as speculative: ICAI
THE Institute of Chartered Accountants of India (ICAI) has urged the Finance Ministry to clarify in the Income-Tax law that all financial derivative transactions in the nature of hedging would only be treated as normal business transactions and ... More

India may slip in auto component exports — Rising steel prices play spoilsport
RISING steel prices may just put a dent in the competitiveness of Indian auto component in the global market. Two main factors are responsible for the industry's plight. These are the unstable and growing prices of key inputs besides the ... More

An Indian farmer bats for new technology
MR M.S. Shankarikoppa, a 74-year old from Adur village in Haveri district of Karnataka, is a farmer of modest means but with progressive ideas. He is one of the growing number of farmers starting to benefit from planting genetically-modified ... More

Theme restaurants catching on in Chennai
IT'S not just food that they are talking about. Restaurants in Chennai now serve food on conveyor belts and provide reading rooms with masseurs, a far cry from the Chinese and South Indian places that the city boasted of. In the past one year, ... More

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Top Stories
Monsoon to remain active in Kerala

Bullish market keeps SAIL plants on growth track

New definition for medium-scale sector finalised

Tata Motors sales increase by 35.8 pc

Changes in sugar sale quota in the offing — Extension in June FSQ likely

Kalam's speech echoes sentiments of CMP

Car recalls happen in India too, but discreetly

Saras makes 2nd successful flight

Oil speculation and global growth

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