Financial Daily from THE HINDU group of publications
Sunday, September 26, 2004

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Companies traded on BSE close to this year's high
KEY stocks indices such as the Sensex and the Nifty may be ruling much below their all-time high levels, but the number of companies traded on the BSE are close to their yearly high. According to stock exchange data, on Friday, 2,259 ... More

Manmohan says 'it is my duty to promote India' — Comments on criticism at home
THE Prime Minister, Dr Manmohan Singh, said it was his "duty and obligation" that, whenever he travelled abroad, he should seek to promote India and that he did not believe he had said or done anything wrong. The Prime Minister, during the course ... More

No service tax on interest on overdraft, cash credit facility
THE Finance Ministry has now held that interest on overdraft facility or cash credit facility offered to a customer by a banking company or a financial institution or any commercial concern would not be subjected to service tax. This exemption ... More

Mobile beeps growing louder than fixed lines
MOBILE subscriber base has overtaken the fixed line telephone user base in at least 10 States. This includes all the four metros, Madhya Pradesh, Punjab and Gujarat. Number of mobile users in Andhra Pradesh, Karnataka and Uttar Pradesh (West) ... More

SEBI keen on T+1 system, demutualisation: Bajpai
THE Securities and Exchange Board of India (SEBI) says it can bring about a T+1 (trade date plus one day) settlement system in the Indian market and is only awaiting the nationwide-banking transaction system, the real-time gross settlement system ... More

`DEPB rate cut will hit textile exporters'
THE Cotton Textile Export Promotion Council (Texprocil) has expressed dismay at what it calls `sharp' reduction in the duty entitlement pass book (DEPB) rate for the textile exporters. The DEPB rate reduction to the extent of 45 per cent being ... More

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