The Hindu Business Line : Wednesday, April 25, 2007

FOREX
Cos get more leeway in dollar spending
Indian corporates have been given more leeway in dollar spending with RBI announcing a slew of measures towards capital account convertibility in the annual monetary policy on Tuesday. Indian companies have been allowed to remit up to $10 ... More

POLITICS
National group formed to oppose Wal-Mart entry
A group has been set up to oppose the entry of big retail giants in the country, particularly Wal-Mart. Called the National Joint Action Committee for Retail Democracy and comprising mass organisations of traders, hawkers, farmers and trade ... More

TAXATION
Abolition of sales tax on cashew: Exporters relieved
Council asks Govt to help boost agro-exports More

HCV/LCV/TRACTORS
Atul Auto plans LCV launch in two years
The Rajkot-based Atul Auto Ltd will launch its four-wheeler light commercial vehicle (LCV) in two years. The offering, now at the drawing board stage, seeks to compete with the Tata Ace, the one-tonne LCV, and would cost Rs 2-2.5 lakh, Mr Hiren ... More

COMMODITY MARKETS
Tea prices ease at Coimbatore auctions
The total offerings at the Tea Trade Association, Coimbatore, amounted to 3.51 lakh kg of tea of which leaf grades accounted for 1.50 lakh kg and the rest dust. There was fair demand for the orthodox leaf grades. All sorts tended lower by Rs 2 ... More

OUTLOOK
Maruti net jumps 24% in Q4
Sales propelled by compact cars, says Khattar More

Coconut palms replantation at Rs 4,600-cr outlay
The Coconut Development Board will undertake replanting of coconut palms in a total area of 4.5 lakh hectares spread all over the country involving a total expenditure of Rs 4,600 crore. Addressing a press conference here, the Union Minister of ... More

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