The Hindu Business Line : Friday, May 03, 2002

Tax receipts in positive phase
IN a major reversal of trends witnessed over the last couple of years, the Centre's net tax receipts have turned positive in April this year indicating a lower refund payout to corporates. According to a senior official, net tax receipts stood ... More

Ad guys home in on unpaid dues
BIG spenders usually end up with empty pockets and unsure reputations and the rule at least seems to apply to Home Trade Ltd. A year ago on Budget Day (Feb 28), Home Trade Ltd, a new e-broking outfit, paraded Sachin Tendulkar, Hrithik Roshan ... More

Grasim net falls 40 pc in Q4; turnover down
GRASIM Industries Ltd has posted a net profit of Rs 79.23 crore for the fourth quarter ended March 31, 2002, about 40 per cent below that of Rs 133.36 crore posted in the corresponding period of the last fiscal. The total income has decreased ... More

Grasim: Commodity biz under stress
RIDING the crest of rising cement prices in the first six months, higher cement volumes through the year, lower interest costs and a tight rein on operational costs, Grasim Industries has managed to close fiscal 2001-02 with a 4.3 per cent growth ... More

Parke-Davis suspends Hyderabad operations
IN an interesting development, Parke-Davis (India) Ltd, the Rs 211-crore Indian subsidiary of the US pharma giant, Warner-Lambert Co, which recently got merged into Pfizer Inc, has decided to shut down the operations of its Uppal plant of ... More

`Software, services exports up 29 pc'
INDIA'S software and service exports grew by 29 per cent in 2001-02 to Rs 36,500 crore and are expected to rise by 30 per cent in the current fiscal, National Association of Software and Service Companies (Nasscom) has said. While the software ... More

Jet Air accounts, holding pattern under scrutiny
THE Government has ordered scrutiny of the books of accounts of Jet Airways under Section 209A of the Companies Act, 1956, the Law and Company Affairs Minister, Mr Arun Jaitley, informed the Lok Sabha today. "The shareholding pattern of the ... More

Colour dot labels for cosmetics in, drugs out
IN case you have run across the sole `vegetarian toothpaste' in the market-place, there's more. Soon consumers may be able to decide whether they want to pick up a `non-vegetarian' soap or a `vegetarian talcum-powder'! The Union Health ... More

Fresh norms for nidhis on deposits timeframe
THE Department of Company Affairs (DCA) has notified fresh guidelines amending the existing norms for nidhis and mutual benefit societies (MBS) specifying a strict time-frame for the entire industry to ensure compliance with the norm of limiting ... More

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