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Excise waived for goods used in ultra mega power projects
No countervailing duty on equipment supplies from abroad. New Delhi, Aug. 15 Fiscal sops have been given for equipment supplies to ultra mega power projects (UMPPs). The Finance Ministry has granted excise duty exemption to goods procured for ...
DoT rejects Amar Singh’s spectrum pricing formula
Proposes lower one-time charge. New Delhi, Aug. 15 The Department of Telecom (DoT) has rejected the Samajwadi Party leader Mr Amar Singh’s formula for levying a charge on GSM-based mobile operators with excess spectrum over 6.2 Mhz. ...
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I-Day call:The Pri...
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More investments will create more jobs: PM
‘Economy should grow at least 10% every year’. The Prime Minister, Dr Manmohan Singh, has called for a new wave of industrialisation to generate more employment, even as he stressed the need for the economy to grow at the rate of ...
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Reliance Infratel IPO deadline lapses
Mumbai, Aug. 15 Reliance Infratel, the telecom infrastructure unit of Reliance Communications, is learnt to have deferred its plans for an initial public offering (IPO) because of the current volatility in the stock markets. ...
Japan bank insists on electric traction for rail corridor
New Delhi, Aug 15 The Indian Railways seems to have agreed to Japanese condition of building the Western freight corridor with electric traction. Earlier, it had decided to build the corridor on diesel traction and the Eastern corridor on ...
Cement prices likely to go up on high input costs
Cos incur 40% increase in wage, salary costs. Hyderabad, Aug. 15 Cement prices are likely to go up in the next one or two months due to increasing input costs, especially in wages, salaries and coal ...
Pusa-1121 prices crash as export orders dry up
Premium paddy rates slip to Rs 26-27 a kg from Rs 40. New Delhi, Aug. 15 Prices of Pusa-1121 — till recently the most sought after variety of aromatic rice — have crashed following a drying up of export orders. ...
Markets this week
The Sensex which gained 340 points on Monday to end at 15,500, swung between 15,360 and 15,520 during the session. Dealers attributed the rise to US markets' strong close on Friday and softening of crude prices. Reliance, ONGC, ICICI Bank, SBI, ...
MCX awaits clearances to launch currency derivatives
Set to launch arecanut futures, Singapore bourse. Chennai, Aug 15 MCX will be able to launch currency futures in two weeks time from the date it receives the final clearance, even as it plans to launch futures in arecanut. Besides, it has got ...
RCom links: TRAI, GSM players stand-off continues
Regulator sets new deadline for compliance. New Delhi, Aug 15 The Telecom Regulatory Authority of India (TRAI) has once again rejected GSM operators’ stand on offering links to Reliance Communication and has issued a fresh deadline of ...
BHEL holding its own against Chinese power equipment cos
Beating Chinese cos on the price front. Chennai, Aug. 15 Challenged on its turf by the Chinese manufacturers of power equipment, Bharat Heavy Electricals Ltd appeared to be on the backfoot. In the last three years, orders for boilers and ...
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