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Saturday, July 10, 2004

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Stocks recover on SEBI reassurance
STOCK prices recovered as sentiment improved today after the Securities and Exchange Board of India (SEBI) reassured investors that the transaction tax proposed by the Finance Minister will be applicable only after the Finance Bill is passed. ... More

North Block irked over protests
THE phone lines between the Finance Ministry and the Securities Exchange Board of India (SEBI) were busy on Friday as an anxious North Block watched trading deals refusing to take off in the debt market. Finance Ministry officials kept a ... More

I-T dept may get powers to proceed against erring trusts
COME October 1, income-tax authorities may get powers to wield the stick on erring charitable trusts and institutions. The Finance Bill 2004 introduced in the Lok Sabha on Thursday seeks to specifically empower a Commissioner of Income-Tax to ... More

Price cuts: PC players waiting for the fine print
A day after the Finance Minister, Mr P. Chidambaram, announced a full excise exemption on personal computers, hardware players are still awaiting certain clarifications from the Government, to determine the quantum of drop in computer ... More

Debt market stranded over transaction tax — Only stray deals put through
TRADING on the debt markets came to a virtual halt today as traders decided to stay away from the market in protest against the proposed transaction tax. However, there were stray deals worth Rs 430 crore on the NSE, as against the daily ... More

Honeywell Asia to buy out Tatas in Tata Honeywell
HONEYWELL Asia Pacific Inc, the subsidiary of Honeywell International, is set to acquire the 40.62 per cent stake held by the Tata group in Tata Honeywell for about Rs 125 crore. According to an agreement reached between the companies, ... More




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