Financial Daily from THE HINDU group of publications
Wednesday, July 14, 2004

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Brokers propose income-based transaction tax
REPRESENTATIVES of the broking community on Tuesday shared their cup of woes on the proposed 0.15 per cent securities transaction tax with the Finance Minister, Mr P. Chidambaram, and suggested that the burden of taxation on the different players ... More

Response to day traders' strike call lukewarm
THE trading volume was affected marginally on stock exchanges on Tuesday as a section of day traders refrained from active trading. The response to the strike call was lukewarm as several traders returned to the market, brokers said. Brokers ... More

Bond prices jump 30-40 paise; volumes shoot up
BOND prices moved up by 30 to 40 paise on Tuesday on the back of improved sentiment with expectations that the transaction tax would be scrapped. On Monday, the FIMMDA had made a representation to the Finance Minister on the issue. The traded ... More

Infosys beats forecasts with 39.23 pc rise in Q1 net
INFOSYS Technologies Ltd has beaten the street expectations and its own guidance to post a 39.23 per cent growth in net profits and a 38.61 per cent rise in revenues for June quarter in current fiscal, over corresponding last year. Infosys ... More

Decision on EPF interest rate deferred again
THE crucial meeting of the Central Board of Trustees (CBT) of the Employees' Provident Fund Organisation (EPFO) held here on Tuesday to finalise the rate of interest payable on EPF deposits for the current financial year ended inconclusive with ... More

Low-pressure holds key to monsoon revival
A `feeble low' taking shape over the Bay of Bengal on Tuesday holds key to the revival of the southwest monsoon, which has been following an erratic course in the northern parts of the country during the past two weeks. The evolving ... More

Car sales up 25 pc in June
WITH sales of the top three carmakers — Maruti, Hyundai and Tata Motors — in top gear last month, total car sales jumped 25 per cent in June 2004 over the same month last year. A total of 65,046 units were sold in the review month ... More

Punjab issue: PM calls CMs for meet on water dispute
Both Haryana and Rajasthan have announced they would take legal recourse against Punjab's action. More

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Jul. 4-Jul. 10
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`Tax on transactions to affect market depth'

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