CORPORATE
ANNOUNCEMENTS
Honda cars to cost more
Honda Siel Cars India Ltd is planning to raise prices of its vehicles by about 1-1.5 per cent as it will start charging Central Sales Tax on its models from the next month. The tax holiday that Honda's Uttar Pradesh plant enjoys ...
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PREFERENTIAL ALLOTMENTS
Kumar Mangalam Birla set to raise stake in Hindalco
Board okays preferential issue to promoter group
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DIVIDEND ANNOUNCEMENT
Corporates making haste on interim dividend to beat tax hike
To avoid attracting additional tax burden
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ESOPS
A painful twist in the ESOP tale
The ESOP benefits springing out of employment ought to be taxed in the hands of the benefiting employees and not in the hands of the employers providing them.
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EXCISE AND CUSTOMS
Budget impact: Customs duty cuts to have minor impact on Reliance
`Infrastructure status for gas pipelines to benefit the company'
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TAXATION
Effect on corporates
The hike in dividend distribution tax from 12.5 per cent to 15 per cent will further increase the burden of double taxation. Besides, it will have an impact on the payout, which would adversely affect small the medium ...
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CORPORATE BONDS
NSE gets SEBI nod for corporate bond trading
Trading in corporate bonds can now be reported either on the BSE or the NSE platform. SEBI has allowed National Stock Exchange also to set up a reporting platform for corporate bonds. Earlier, the capital market regulator has allowed only ...
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RESTRUCTURING
TNT India reorganises biz structure
TNT India Pvt Ltd has reorganised its business structure by creating two business arms catering to the Air Express and Road Express business respectively. The company announced on Friday that it has appointed separate business heads for the ...
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MERGERS & ACQUISITIONS
London meet to get nod for Tata-Corus deal
The Anglo-Dutch steel major Corus Group Plc is hopeful of joining the `Tata family' in April. An extraordinary general meeting of the company has been convened in London on March 7 to secure shareholders' approval with regard to the Tata-Corus ...
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L&T Capital picks up 14.95% stake in Salzer
Larsen and Toubro has through its investment arm, L&T Capital Company Ltd, picked 14.95 per cent stake in the Coimbatore-based Salzer Electronics Ltd. The latter has formally approved the proposal. An EGM has been convened on March 28 to ...
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NEW PROJECTS
KHS India to provide packaging solutions
After increasing its equity from 60 per cent to 89 per cent in its joint venture with Mamata Group, KHS India, a subsidiary of the Germany-based KHS Group, is considering providing filling and packaging equipment solutions to food and non-food ...
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OVERSEAS INVESTMENTS
Jindals ink pact, to invest $2.1 b in Bolivia
Jindal Steel and Power Ltd (JSPL) has reached an agreement with the Bolivian Government regarding its proposed $2.1 billion investment in mining and steel-making at the El Mutun iron ore mines. The company would sign the final agreement by ...
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German body okays Suzlon's offer to buy REpower
Ahmedabad-based Suzlon Energy said its $1.3-billion offer to buy German wind power company REpower has won approval from the German financial watchdog BaFin. The offer starts on Friday and ends on April 20. Suzlon had launched a counter bid ...
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Essar eyes 20% stake of Phoenix in Libya oil field
Essar Group is in talks with Phoenix Libya, a subsidiary of Phoenix AG, to buy stake of up to 20 per cent in two proven oil and gas blocks in Libya. "We are talking to Phoenix Libya for a minimum of 20 per cent stake with rights to increase it to ...
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ALLIANCES & JOINT VENTURES
Hammer Plus, WGC partner for `Divvya Mantra'
Hammer Plus Jewellery Pvt Ltd, a B2B jewellery distribution company, in tie-up with World Gold Council (WGC) has launched a collection of spiritual jewellery — Divvya Mantra — in Chennai on Friday. According to Ms Sucheta ...
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INTERVIEW
`Training raw hands will help beat skilled workers' shortage'
"The State Government and the industry have recognised the need to provide an organised framework.''
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Biotech industry lauds Budget measures on drug trials, R&D
`Venture capital funding set to rise'
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SOCIETY & DEVELOPMENT
Eye and blood donation camp
The employees of the Joy Alukkas Group of companies across the State will participate in an eye and blood donation camp as part of the company's efforts to meet social commitments. The camp is being organised as part of the ...
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VENTURE CAPITAL
`Curbs on tax benefits for venture capital funds to harm innovation'
The Government proposes to restrict the pass through to venture capital funds operating only in half a dozen areas specified by the Government.
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OUTLOOK
Maruti gearing up to launch three-box car this year
New sedan may help change the company's `small-car' image
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KG gas find: ONGC may come back with appraisal plan
The Directorate General of Hydrocarbons (DGH) has proposed that the state-owned ONGC could come back with a fresh commercial or appraisal plan for its gas find in Krishna Godavari (KG) basin for it to be declared as commercial discovery. The ...
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BG plans to raise output from Panna, Mukta, Tapti fields
`Gas output from Tapti field is expected to go up'
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PEOPLE
Oil sector officers' appeal to PM
The Oil Sector Officers Association (OSOA) representing over 45,000 officers of 13 oil sector companies have submitted a memorandum to the Prime Minister, Dr Manmohan Singh, demanding that the selection panel for the Chairman & Managing Director
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