The Hindu Business Line : Thursday, April 24, 2003

Industrial incentives to continue in VAT regime
IN a complete reversal of stance, the Empowered Committee of State Finance Ministers on Value Added Tax (VAT) on Wednesday decided to allow States that are adopting the sales tax exemption scheme to continue with the scheme even after the ... More

Reliance Q4 net rises to Rs 1,101 cr — Market unimpressed
RELIANCE Industries Ltd, said its net profit for the fourth quarter ended March 31, 2003, rose 41 per cent to Rs 1,101 crore. During the same period last year, the company had made a profit of Rs 835 crore. The company has proposed a dividend ... More

Transporters call off strike — No significant gains on main demands
CAPITULATING to pressure from their rank and file and from the goods vehicle owners and with no significant gains from the Government on three major demands, the All Indian Motor Transport Congress (AIMTC) called-off their ten-day long strike ... More

Talwar's Sabre to take over Centurion
SABRE Capital Worldwide, promoted by former Standard Chartered CEO, Mr Rana Talwar, is all set to take over management control of the ailing Centurion Bank. The Sabre Capital investor group will invest Rs 129 crore to acquire 48 per cent stake ... More

Cabinet defers decision on hiking FDI limit
THE Cabinet today deferred taking a decision on increasing the FDI limits in several sectors. Official sources said "the issue did not come up for discussion". However, sources said the proposal to hike the FDI limit in the domestic civil ... More

India as a brand scarcely matters here
THE shopping complex is busy and crowded as usual. Music off an FM radio channel floats through the corridors, the disc jockey mixing her Hindi and English in Mumbai-style chatter as she plays the latest Bollywood numbers. At the cineplex, ... More

Bharti Tele posts Q4 profit; annual losses up
BHARTI Tele-Ventures Ltd. has swung into profit in the fourth quarter of fiscal 2002-03, registering a net profit of Rs 25.57 crore, as against a loss of Rs 63.92 crore in the corresponding period in the previous year, even as its annual losses ... More