CORPORATE
RESEARCH & DEVELOPMENT
Research & development get a fillip
Companies engaged in certain businesses are allowed a weighted deduction of 150 per cent on any expenditure on in-house scientific research. I propose to add the business of production of seeds and manufacture of agricultural implements to this ...
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DIVIDEND ANNOUNCEMENT
Less outgo for parent companies
Infrastructure, power and financial services companies are likely to be among the key beneficiaries of the budget proposal to avoid double taxation of dividend income received by a parent company from its subsidiaries. These companies route ...
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AWARDS & HONOURS
Central Excise award for MRPL
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TAXATION
There is no case for corporate tax rate cut, says Chidambaram
‘They are doing well and are making good profits’
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CORPORATE BONDS
Boost to corporate bond market
Mr Vijay Sankar of Sanmar group says important measures have been announced to expand the benign corporate bond market. A thriving corporate bond market is absolutely necessary to fund India’s growth needs over the next decade. The proposal ...
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MERGERS & ACQUISITIONS
Orix-ILFS buys into Maithan Ispat
Japanese finance firm, Orix Corp, together with Indian investor Infrastructure Leasing & Financial Services (ILFS), have acquired over 20 per cent stake in the Kolkata-based construction steel maker Maithan Ispat, at an investment of about ...
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NEW PROJECTS
Ramco Systems to invest Rs 90 cr in Chennai centre
Chennai, Feb. 29 Ramco Systems will invest around Rs 90 crore in a new software development centre in the heart of the city. The centre (in 22 grounds) will be ready in the next 18-24 months and can accommodate around 2,000 employees, Mr P.R. ...
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OUTLOOK
Virgin Group to launch new biz in ‘communications’
Thiruvananthapuram, Feb. 29 This weekend, the UK-based Virgin Group is launching a new business venture that the group’s Chairman Sir Richard Branson believes “will make a big difference to Indians”. “It’s ...
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