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Monday, August 23, 2004

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Tata Steel slashes prices by Rs 2,000
The company has decided to reduce prices of all its major products in a bid to arrest the rising prices of steel and their end-products, Mr Ratan Tata, the Chairman of Tata Steel, was quoted as saying in a statement. The prices of the ... More

Truckers offer to end strike — Seek change in mode of collecting tax
`The problem is that 99 per cent of the trucking industry in the country are not organised educated class of people. Then, how are they going to comply with formalities of payment of service tax.' More

RBI torpedoes SIDBI plan to become bank
The RBI is of the view that since we are a financial institution, we would have to adopt some other method to take up activities such as working capital finance: SIDBI CMD, Mr V.K. Chopra More

`Govt willing to explain legal position on tax'
The Government on Sunday said that the apprehensions of truck owners and transport operators on the issue of imposition of service tax were "totally misconceived". "The Government has reason to believe that the goods transport agents, to suit ... More

More pre-paid tariff cuts in offing
ARE you one of those who are confused over the selection of your mobile pre-paid card? Not surprising if you are, because the spate of tariff cuts announced by most mobile operators in the last few days may have left you wondering how the new ... More

Saras makes maiden flight — Second prototype by next year
SARAS, the indigenous civilian light transport aircraft, made its first official inaugural flight on Sunday morning. Watching its smooth glide of 17 minutes at the HAL airport here, Mr Kapil Sibal, Union Minister of State for Science & ... More

Rlys charts course to absorb diesel price hike
THE Railways has decided to absorb the recent hike in diesel prices. Instead of revising its fare upwards, the Ministry will take further measures to arrest expenditures and increase its earnings. "The August diesel price hike of Rs 1.45 per ... More

Testing times ahead for Dalal Street
This week, there is a possibility of liquidity chasing the IT stocks somewhat. In the eyes of FIIs and the long-term investors, the Indian equities have not lost their shine More

Sea and air transportation — Why India, China will be Asia's giants
AS one travels through the South-East Asian countries, one gets the impression that in both sea and air transportation India and China are going to lead the other nations in the region. Asia, according to one ... More

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