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Friday, August 27, 2004

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Tax on NRI deposits deferred to next April — House passes Finance Bill sans debate
PARLIAMENT on Thursday passed the Finance Bill, 2004, providing marginal relief on personal income tax to ensure individuals having a total income of little over Rs 1 lakh are not left with a post-tax income of less than Rs 1 lakh. Amendments ... More

ISPs may have to pay entry fee for leased line services
THE Department of Telecom may impose an entry fee on Internet Service Providers (ISPs) for offering leased line services like virtual private network. The move is being thought of as a way to even out the playing field between ISPs and long ... More

Flextronics acquires Future Software — Management of Indian co to remain same
FLEXTRONICS, the $14.5-billion Singapore headquartered electronics contract manufacturer, has acquired the Chennai-based Future Software Ltd that provides software solutions to telecom firms globally. It has bought the entire equity of Future ... More

Sensex gains 47, but truckers' strike weighs on market
EVEN as receding crude oil prices in the global market and passing of the Finance Bill helped maintain an upbeat sentiment, corporate India's concerns over the ongoing truckers' strike may dampen sentiment, say stockbrokers. "Going forward, ... More

Here is a tractor for Rs 99,000!
WHILE the promised Rs 1 lakh car is yet to become a reality, a relatively unknown player — SAS Motors — has laid claim to have developed a 22 horsepower tractor that farmers can buy for just Rs 99,000. The tractor, christened ... More

Delhi Metro on the `leadership' track
The Indian Administrative Services' (IAS) Academy, the Indian Army, the National Security Guard (NSG), an ADB-funded urban infrastructure project in Rajasthan, Rotary Clubs and a bevy of software companies are among those queuing up before the ... More

Truckers to intensify agitation further — Some AIMTC officials arrested
THE striking transporters on Thursday adopted an aggressive stand after the Delhi Police arrested some of their leaders including the former President of the All India Motor Transport Congress (AIMTC), Mr O.P. Agarwal, here. "The agitation will ... More

Cess on crude should be used to stabilise oil prices: Panel
THE Standing Committee on petroleum and natural gas has recommended the creation of a price stabilisation fund using the money collected from cess on crude oil. The committee feels the fund will be able to absorb fluctuation in the ... More

Old Monk rum losing steam as Celebration gains: Impact
OLD Monk, the world's third largest selling rum brand, is under pressure with sales declining for two successive years, 2002 and 2003. This comes at a time when its main challenger in the domestic market, McDowell's Celebration Rum, posted ... More

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