CORPORATE
ANNOUNCEMENTS
Tata Motors announces price cuts
Mumbai, March 1 Tata Motors, in the wake of the excise duty and Cenvat reduction, announced price cuts for its small cars, buses and trucks with the immediate effect. The reduction in the price of Indica will be in the range of Rs ...
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Honda rolls out Aviator
Honda Motorcycle and Scooter India Pvt Ltd (HMSI) has rolled out its 102cc scooter, Aviator. The vehicle is targeted at the ‘new emerging men’ who would love to experience the comfort of riding an automatic scooter on congested ...
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Skoda cuts Fabia prices
Skoda India has announced a price reduction of up to Rs 18,000 across all Skoda Fabia diesel variants, with immediate effect. The company said that it has achieved sales of 1,303 units in February, registering 102 per cent growth against 644 ...
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DIVIDEND ANNOUNCEMENT
Proposal on dividend tax: Coal India sees Rs 200-cr gain
Kolkata, March 1 Elimination of the scope of double taxation on corporate dividends would help Coal India Ltd (CIL) to net a clear Rs 200 crore beginning fiscal year 2008-09. CIL has seven coal producing subsidiaries contributing to the ...
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CORPORATE BONDS
FCEBs into shares: Method to calculate acquisition cost
Finance Bill spells it out for tax purposes
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RESTRUCTURING
GTC Ind to demerge businesses
GTC Industries Ltd has announced that the board of directors has considered and granted in-principle approval to demerge the tobacco and real estate businesses into two separate entities. A release from the company said the de-merged entities ...
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NEW PROJECTS
NTPC’s Bihar project
NTPC Ltd plans to spend about Rs 7,341 crore for setting up the second phase of Barh super thermal power project in Bihar. “The company has accorded the investment approval for Barh Super Thermal Power Project, Stage-II (2 X 660 MW) in ...
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