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Capital reduction proposals lead to slump in stock price
PROPOSALS to reduce capital by companies involving setting off of accumulated losses against equity capital are happening more often now. They reflect the intention of the management to start business afresh on a clean slate. The reduction of ...
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Broadcasters turn to mobile tech to fine-tune revenues
A CONVERGENCE of sorts is expected to happen with television channels planning to use mobile technology to shore up the revenues. Broadcasters such as Star India and Sony Entertainment Television (SET) are in the process of tying up with various ...
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Toyota Kirloskar Auto gears up for global entry
THE excitement is almost palpable at Toyota Kirloskar Motor's (TKM) plant at Bidadi near Bangalore. The countdown for the D-day when the Indian operations will be integrated into Toyota's new global sourcing strategy has begun. Starting next ...
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Top-level changes at Ashok Leyland
THE month of March saw two top-level changes in Ashok Leyland, consequent upon two Executive Directors retiring. Mr K. Sridharan, Special Director (Finance) has been made the Executive Director (Finance), following the superannuation of Mr T ...
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SEZ service tax waiver norms eased
THE Finance Ministry has further improved the existing service tax exemption on the taxable services provided to a developer of a special economic zone (SEZ) or a unit in such a zone. It has made obtaining such exemptions much easier. Besides ...
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Air India move on new airline launch soon
APRIL could prove crucial for the future of the two state-owned airlines - Air India (AI) and Indian Airlines (IA). While AI is expected to take what is being called a "final decision" on whether to launch a low-cost airline on April 21, a ...
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A bountiful FY03-04 for mutual funds
WHAT a year that was", says Mr Ashim Syal, Chief Investment officer, ING Vysya Mutual fund, aptly capturing the mood of the industry, looking back at financial year (FY) 2003-04. The year not only witnessed an over 83 per cent jump in the ...
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