Financial Daily from THE HINDU group of publications
Thursday, July 22, 2004

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Transaction tax stays with differential rates — Chidambaram exempts bond trades
THE Finance Minister, Mr P. Chidambaram, today brought cheer to market players by announcing that the 0.15 per cent securities transaction tax (STT) proposed in his Budget would be confined to only delivery-based trade in equities, even while ... More

Markets cheer partial relief
THE relief on transaction tax announced by the Finance Minister was greeted with cheers by both debt and equity markets. Stock prices, which were rangebound all morning, shot up immediately following the Finance Minister, Mr P. Chidambaram's ... More

Chidambaram hints at harsh measures against tax evaders
IN his own subtle way, the Finance Minister, Mr P. Chidambaram, on Wednesday made it very clear that the Government will have no alternative but be harsh with those taxpayers who do not voluntarily own up what is due to the Central ... More

More offers for TCS, Tata Sons staff post-IPO
APART from 10 per cent of TCS' initial public offer (IPO) being reserved for its employees, there are two other offers for employees of TCS and of Tata Sons, which together could amount up to Rs 305 crore in the financial year 2005. The ... More

TCS net rises 71 pc to Rs 519 cr in Q1
TATA Consultancy Service, which is launching its IPO next week, has recorded a 71 per cent jump in its net profit at Rs 519 crore for the first quarter ended June 30, 2004 as compared with Rs 303 crore in the corresponding previous ... More

Rs 600-cr capex planned
TATA Consultancy Services has a capital expenditure plan of Rs 600 crore for the current financial year, up from Rs 250 crore during the last financial year, said Mr S. Mahalingam, Chief Financial Officer . This would go towards technological ... More

Exports in June post 34 pc growth
CRUISING on the crest of a pickup in global economy in general and international trade in particular, India's exports during June 2004 notched up a higher growth of 34.32 per cent compared to the corresponding month in 2003. First quarter export ... More

Tech execs in India, China see higher IT spending: McKinsey
REFLECTING greater optimism than their global counterparts, an overwhelming majority of technology executives in India and China expect their companies to increase IT spending over the next six months, according to a survey conducted by McKinsey ... More

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