140, respectively, for German energy company REpower.
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COMPANY LAW
Notice on merger moves may be made mandatory
Keeping Competition panel informed; Bill amendment likely
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EXCISE AND CUSTOMS
Excise Dept upgrading IT network
The Central Board of Excise and Customs (CBEC) is revamping its information technology infrastructure in all the three departments (Customs, Central Excise and Service Tax) at a cost of over Rs 500 crore, according to a department official. ...
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PETROLEUM
Foster, ABB Lummus in race for CPCL tie-up
Supply of technology for resid-upgradation project
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Oil India seeks technical partners for Mizoram block
At an advanced stage of dialogue with 2-3 cos
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TAXATION
Cement cos drop prices in North
In response to the Finance Minister's ad valorem duty proposal, cement manufacturers in the Northern markets have decided to scale down the maximum retail price (MRP) printed on cement bags effective from Sunday. This could translate into lower ...
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States oppose tax exemptions in non-processing part of SEZs
They can't afford to lose revenue: VAT panel
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FOODS & FOOD PROCESSING
Several measures to encourage value-added food processing
Reflecting on the changes introduced in taxation of cement, Mr S. Madhavan, Leader Indirect Tax practice, PricewaterhouseCoopers, concedes that the indirect price control on cement purportedly brought in through the differential duty mechanism ...
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LEATHER
Promote large tannery parks, Centre urged
Expressing concern over the growing shortage of raw material for the leather industry, industry chamber FICCI has suggested a twin-pronged Government approach of promoting large tannery parks and also setting-up warehouses for facilitating ...
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BIO-TECH & GENETICS
CII sends biotech mission to US
To facilitate new grounds for research and development in the biotechnology sector, the Confederation of Indian Industry is leading a biotech mission to the US during May 3-9. The 54-member mission will visit biotech companies ...
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RURAL DEVELOPMENT
Lacunae in Micro Finance Bill, says Jairam Ramesh
The big challenge is to go beyond traditional marketing and get into value addition in meaningful way.
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INCOME TAX
ESOPs still plagued by many unanswered questions
Ever since the Finance Bill, 2007 proposed to bring ESOPs (employee stock options) under the FBT (fringe benefit tax) regime, a lot was said about the harsh tax treatment meted out to an incentive that recognised talent and performance. Yet, ...
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EXPORTS & IMPORTS
Appreciating rupee: `Exporters better advised to book a forward cover'
The rupee has been witnessing significant appreciation against the US dollar. How should the corporates react to the accentuated currency movements? "Importers are better advised to wait for any hedging strategy since they may actually end up ...
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ECONOMIC OFFENCES
Directive against erring finance cos
The Reserve Bank of India has asked urban co-operative banks not to deal with 918 non-banking companies in Bihar, which are listed as "defaulted companies". The directive follows an order issued by the Patna High Court on April ...
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