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Market gains as mood turns optimistic — Sensex up 128 points but volumes remain low
DIWALI has brought cheer to the equity market with the Sensex rising almost 400 points over the last three trading sessions. Even the US Federal Reserve's interest rate hike of 25 basis points failed to dampen sentiment. However, the rise ...
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Corporation tax, Customs duty boost H1 tax collections by 24 pc
POWERED by healthy growth in corporation tax and Customs duty collections, the Government's tax revenue during the first half of the current fiscal has grown by 24 per cent to Rs 96,249 crore from Rs 77,860 crore during the corresponding period ...
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Summons issued to shipping companies on service tax issue
THE Indian shipping industry's service tax woes do not appear to have ended. Just when it thought it had heard the last word on the issue after the Government issued a clarification in June, indicating that the services that Indian ships ...
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IOC may make presentation to Oil Ministry on IBP merger
IOC is to make a fresh presentation before the Petroleum Ministry on the proposed merger of IBP Co Ltd with itself. Though the Union Cabinet had given its in-principle nod for the merger, it had expressed reservations on the proposed swap ...
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Govt announces tax sops aimed at Dabhol sale transaction
THE Government has announced a series of tax sops aimed at the GE and Bechtel's equity sale transaction of their Dabhol power project holdings to the special purpose vehicle promoted by NTPC Ltd and GAIL (India) Ltd. According to a Taxation ...
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IBM chief makes low-key visit
THE chief of Big Blue is in the country, quietly. As the Chairman & CEO of IBM, the largest global IT firm, Mr Samuel J. Palmisano, comes calling on India barely two weeks after the CEO of Cisco, Mr John Chambers, made his second visit in the ...
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Look beyond Bangalore, says Karnataka Govt
BANGALORE: Karnataka has suggested to IBM that it should start looking beyond Bangalore for expanding its operations. IBM is currently in the process of setting up a campus in Bangalore spread over 10 acres in the northern parts of the ...
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Outsourcing to create 3.37 lakh new jobs in US by 2010: Study
A RECENT study commissioned by the IT Association of America (ITAA) has said that the "incremental economic activity" triggered by offshoring is likely to create over 3.37 lakh net new jobs in the US by 2010. "Even as the global software and IT ...
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`Shear zone' forming over peninsula again
THE monsoon-friendly `shear zone' is getting organised from extreme peninsula in tandem with the rain-driving Inter Tropical Convergence Zone (ITCZ), which should trigger another wet session in Tamil Nadu and adjoining coastal Andhra Pradesh from ...
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Diversified equity funds suffer in Oct
DIVERSIFIED equity funds, hit by the general decline in the market, have lost an average 8 per cent-plus in the past one month, costing their investors part of the gains they had recorded in the recent past. The schemes, which had moved up in ...
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Where is gold heading to?
GOLD seems to be interestingly poised. There is the distinct possibility that it can move either way - up or down from the current level. Already, the yellow metal has shed around $10 an ounce in the last few days with long liquidation ...
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