Financial Daily from THE HINDU group of publications
Tuesday, July 20, 2004

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TCS pegs IPO in Rs 775-900 band
TATA Consultancy Services (TCS) on Monday announced the price band for its initial public offer at Rs 775-Rs 900. The IPO is scheduled to open on July 29 and close on August 5. Over 55 lakh equity shares with a face value of Re 1 are on offer. ... More

Chidambaram assures relook at transaction tax
THE Finance Minister, Mr P. Chidambaram, on Monday said that he would "revisit" the 0.15 per cent transaction tax on securities proposed in the Union Budget though he did not commit himself to an outright withdrawal of tax. "I have already said ... More

Left opposes Govt move to hike FDI
THE Left parties on Monday again opposed the United Progressive Alliance (UPA) Government's move to hike foreign direct investment (FDI) in the telecommunication, insurance and civil aviation sectors and said that they would vote against any Bill ... More

Lodha files for probate; Birlas to contest
MR Rajendra S. Lodha - the sole beneficiary of the Rs 5,580-crore assets of the late Priyamvada Birla, widow of M.P. Birla, as per her last will and testament - on Monday filed an application for obtaining a probate of the controversial ... More

New eligibility norms for futures, option contracts
THE Securities and Exchange Board of India (SEBI) has revised eligibility criteria for stocks and indices on which futures and options can be introduced. According to the new rules, which will come into effect from September 1, stocks will be ... More

Sops for farmers, ST reliefs in Karnataka Budget
KARNATAKA offered a slew of sops for the farm sector and simultaneously reduced the sales tax rates on a series of goods of mass consumption. Presenting the Budget for the current fiscal on Monday, the Deputy Chief Minister, Mr S. ... More

Air Sahara unveils `SurPrice' fares — Offers 69 pc discount on major routes
IN an effort to stimulate the domestic air travel market, Air Sahara on Monday announced `SurPrice' fares. Air Sahara has offered rebates up to 69 per cent of the normal return air fare on sectors such as Delhi-Chennai-Delhi, ... More

Reliance, Essar: Changing the rules of fuel retailing
A SOFT bright green-and-blue signage looms far ahead along the highway near the Dhirubhai Ambani Knowledge city in Navi Mumbai. On moving closer, swanky steel fuel dispensers under a large concrete canopy, smart, courteous youngsters in deep blue ... More

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Karnataka Budget imposes steep hike in sales tax on hardware, software

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