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Host of rollbacks coming -- Dividend tax norms to stay with sops for shareholders
INDIA Inc will have to reconcile itself to the major policy change proposed in the 2002-03 Budget to tax dividends at the hands of the shareholders. While this basic proposal is unlikely to be rolled back, the Finance Minister, Mr Yashwant ...
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Cabinet defers proposal on FDI in print media
THE Cabinet on Tuesday deferred the long pending proposal to allow Foreign Direct investment (FDI) in the print media. The Parliamentary Affairs Minister, Mr Pramod Mahajan, said although the proposal was on the Cabinet's agenda, it was not ...
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Damages for delay in interconnect pact -- DoT dismisses Bharti case
THE Department of Telecommunications (DoT) has dismissed the contention of Bharti Telesonic Ltd, the long-distance arm of the Bharti group, that it needs be paid damages for the delays in ensuring interconnect agreements with Bharat Sanchar Nigam ...
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UB to offer Rs 108 cr for Empee arm
UNITED Breweries (UB) is making a Rs 108-crore offer to acquire the Chennai-based Empee group's brewing business. The deal is likely to be formalised in the next few weeks. This acquisition will be part of UB's joint venture with UK brewer, ...
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Banks don't fancy prepayments
BANKS have begun tightening covenants and building in additional safeguards in portfolio buyouts to discourage prepayments. Among the banks, which have initiated this tightening, are foreign banks such as ABN-Amro. ABN-Amro has been involved ...
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Mukta sells film sat telecast rights to Sony for Rs 16 cr
MUKTA Arts Ltd has assigned satellite telecast rights of its entire movie library of 11 films to Sony Entertainment Television India Private Ltd (SET) for Rs 16.1 crore. The contract is for a period of five years. The payment of Rs 16.1 crore ...
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