The Hindu Business Line : Thursday, June 16, 2005

Deferred tax liability of Rs 380 cr written back — Tax regime change boosts shipping cos' profits
THE balance sheets of Indian shipping companies acquired a new sheen at the end of 2004-05, the first year of implementation of the tonnage tax regime that replaced the earlier corporate tax. With the TT regime significantly watering down the ... More

Smoking off films, TV from Oct 2
THE Information and Broadcasting (I&B) Ministry has finally conceded to the Health Ministry's diktat on stubbing smoking scenes in cinema and television serials. From October 2, all new movies and television shows would be banned from showing ... More

Posco may ink Orissa deal on June 22
KOREAN steel major Pohang Steel Company (Posco) is likely to sign the memorandum of understanding with the Orissa Government for setting up the 12-million-tonne-a-year capacity integrated steel project at Paradip next week. Although no date ... More

BoB plans joint venture for life insurance foray — To tap capital market in Sept
BANK of Baroda (BoB) plans to foray into life insurance business through the joint venture route. It is also looking to rope in a foreign partner, which could take a 26 per cent stake in the new venture. "We are exploring the possibility of ... More

Aiyar to meet PM today; petro prices may be revised
THE Government is likely to take a decision tomorrow on the revision of petroleum and diesel prices. The Petroleum and Natural Gas Minister, Mr Mani Shankar Aiyar, will meet the Prime Minister, Dr Manmohan Singh, tomorrow on the issue of ... More

RPG Life Sciences closes Pune unit
The steep decline in the international price of Spironolactone, a blood pressure medicine, and Vitamin B12, besides the high cost of manufacture of Androstene Dione (an intermediate used in the manufacture of the blood pressure medicine) have ... More

Monsoon in a weak phase; yet to progress beyond Goa
FURTHER progress of the southwest monsoon beyond Goa on the west coast is not expected until Sunday next, although Konkan and Goa, including Mumbai, may receive light to moderate rains from Friday. Model projections by the New Delhi-based ... More