The Hindu Business Line : Saturday, February 28, 2009

WEB EXTRAS

INCOME TAX: Tax on loan waived
When an expenditure payable is waived subsequently, resulting in refund or benefit to the assessee, it is taxable as income. The expenditure might have been paid out and hence refunded or the expenditure is recorded in the books as ...

EXPORTS & IMPORTS: UP sugar mills operate below production costs
Realisation from crushing cane lower. Mumbai, Feb 27 Despite the recent rise in prices, sugar companies in Uttar Pradesh still operate below cost of production, particularly due to the high ...

EXPORTS & IMPORTS: India claims to be top cashew exporter
Cashew export figures emanating from Vietnam, quoting its Government and other sources, give the impression that it is the top exporter of cashew kernel in the ...

PHARMACEUTICALS: USFDA action against Ranbaxy based on false drug stability data
New Delhi, Feb. 27 The action by the US Food and Drug Administration against Ranbaxy, on Wednesday, was triggered after it was found out that the company had given incorrect data to prove drugs are stable over a certain time ...

ACCOUNTANCY: New life to book losses
The slowdown, it seems is all engulfing. Even as the signs of economic slowdown are evident across sectors, a few companies are launching a spirited counteroffensive by resorting to a slew of initiatives, such as cost cutting, process ...

HOUSING FINANCE: Jingle sounds death knell
The US is perhaps the only country to protect a borrower from personal liability for the amount he owes to the lender, a feature known as non-recourse borrowing. A mortgage finance company in the event cannot gun after him in case the current ...

NEW PRODUCTS & SERVICES: BSNL’s 3G services in 11 cities
New Delhi, Feb 27 Bharat Sanchar Nigam Limited on Friday launched 3G mobile services on commercial basis from 11 ...

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Markets (Feb 27)

Nifty (at close)	2,763.65(-22.00)
US Dollar (Buy/Sell)	51.10/12
Brent crude (a bbl) Rs	2,314
Gold (a gram) Rs	1,391
Silver (a kg) Rs	22,910

In Focus
Who is hiring?

More

Other Top Stories
Excess supply turns things sour for grape farmers

Banks told to pass on benefits of repo cuts to borrowers

Study poser on corporate accounts

Tech Mahindra expands portfolio

Govt hikes ad rates for media by 10%

Karnataka is still hiring

USFDA action against Ranbaxy based on false drug stability data

Looking back
Feb. 15-Feb. 21
‘Banks must cut rates to keep credit flowing to productive sectors’

Job situation in India encouraging despite downturn: Survey