INDUSTRY & ECONOMY
BUDGET
Presidential assent for Finance Bill
The President, Mr A.P.J. Abdul Kalam, has given his assent to the Finance Bill 2007. Parliament had passed the Finance Bill on May 4. Official sources said that the Presidential assent was given on Friday evening. With this nod, the Budget ...
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EXCISE AND CUSTOMS
Ford's small car plans `await Govt definition'
`Auto industry cannot afford to keep its plans in abeyance for long'
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INFRASTRUCTURE
Land acquisition on the boil
Videocon officials roughed up
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Not informed of farmers' protest: Maharashtra Govt
`Legitimate grievances will be addressed'
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PETROLEUM
GAIL (India): Sell
The GAIL stock appears overvalued at current price given the serious worries over the company's earnings growth prospects in the medium term.
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IOC board to take up Ennore project proposal
The Ennore LPG import terminal project of Indian Oil Corporation is set to become a reality soon. "The project will be taken up at the coming board meeting," IOC's Chairman and Managing Director, Mr Sarthak Behuria, told Business Line ...
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TAXATION
Centre withdraws outdated service tax circulars
The Finance Ministry has withdrawn as many as 48 circulars and departmental instructions relating to service tax as these have now lost their relevance or become outdated due to changes in laws and procedures over the last decade. The ...
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REAL ESTATE & CONSTRUCTION
Abducted Posco executives released
Land acquisition on the boil
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Posco may begin work on Orissa plant from Sept
Eco clearance awaited; co to forego 200 acres pvt land
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Running the realty check
Investors need to take the previous year's audited profit and loss account and the taxable income declared and look at the price earnings multiple, rather than the land bank cliché. — MR SUSHIL MANTRI, CMD, MANTRI DEVELOPERS
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DISINVESTMENT
Government drives out
The Government has netted Rs 2,360 crore from divesting its residual 10.27 per cent stake in Maruti Udyog to a clutch of financial institutions at prices ranging from Rs.775 to Rs.850 per share. ...
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INCOME TAX
Can employers recover FBT paid on benefits other than ESOPs?
FBT saw a fresh twist a few days ago - that the employers can recover from their employees fringe benefit tax on ESOPs (employee stock options). A few voices are quick to point out that the legislative approval for FBT recovery on ESOPs ...
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EXPORTS & IMPORTS
DCGI plan to curb export of fake drugs
To address the problem of counterfeit drugs in pharma exports, the Drug Controller General of India (DCGI) will introduce a new scheme of sample testing over the next six months. "We are planning to put in place a system wherein at least 50,000 ...
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