WEB EXTRAS
COURTS/LEGAL ISSUES
TDS on inter-State works contract
Composite contracts wherein material and labour are transferred by the contractor to the contractee during execution of a contract are termed as works contract. Most of the State VAT legislation , having regard to the effective recovery of tax, ...
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FOREX
‘Strong rupee was a good thing’
“A strong rupee just forced us to look at the mirror and tighten up our belt a little bit and optimise our business,” says the CFO of Cognizant.
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PHARMACEUTICALS
Kemwell seeks funds for biologics unit in Bangalore
Bangalore-based pharmaceutical company Kemwell said it was in talks with three private equity players who focus on the sector for raising funds for a new biologics facility in Bangalore. The company, which recently acquired Pzifer’s unit ...
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CREDIT RATING
Banks’ profit, assets quality may decline in 2007-08: Study
Mumbai, Sept. 9 Banks will continue to have a higher credit growth but there will be a decline in their core profits and assets quality in the current fiscal. This is among the key observations of a study conducted by Crisil on the ...
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COMMODITY MARKETS
Coonoor tea prices decline
Coonoor, Sept. 9 Prices for brighter liquoring teas managed to rise in a market which generally declined by Rs 2-3 a kg with the demand being confined to quality offers at Sale No: 36 of the Coonoor Tea Trade Association held here on Friday. ...
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Steady trend in lint prices
Coimbatore, Sept. 9 Cotton lint prices during the current fortnight remained steady, despite an all round projection of a higher new crop. The Bengal Deshi variety was quoted at Rs 1,600-Rs 1,700 per maund (of 37.3242 kg) in the spot market in ...
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PUBLIC SECTOR BANKS
Vijaya Bank biz volume rises to Rs 66,000 cr
Madurai, Sept. 9 ‘With a lift in the volume of business of more than Rs 22,000 crore since March 2006, our bank has moved from a small bank to a mid-sized bank in the country. Within a year and four months, the business volume which ...
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IT-ENABLED SERVICES
IT elephant
Dolphin Advisory experts tell us that IT players are settling for their slice of the action, and not seeing the rest of the huge animal.
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OUTLOOK
Asean FTA: India warily hopeful of negotiations
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