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Friday, August 06, 2004

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Chidambaram hints at duty relief for man-made fibres in next Budget
THE Finance Minister, Mr P. Chidambaram, has strongly hinted that the existing tax structure on man-made fibres would be altered in the next budget (2005-06) to give a fillip to this segment of the domestic textile industry. "We need to give a ... More

Now, afforestation gets separate dedicated fund
The Government may take a re-look at allowing private sector to use wastelands for tree plantations. More

`Concept paper slips on company secretary for special audit'
THE fresh attempt by the Ministry for Company Affairs to revamp and simplify the Company Law at first seems to have been well-received by the company secretary professionals. However, the slip given to the profession for the purposes of ... More

TCS IPO subscribed six times
TATA Consultancy Services' initial public offer has been over subscribed six times, according to merchant bankers. Book running lead managers say that this figure is likely to go up as uploading of applications was still underway. As of 7:00 PM ... More

MNCs reworking India strategy
EVEN though the finer implications of the Free Trade Agreement (FTA) with Thailand are yet to become clear, multinational players have begun reworking the economics of operating from India. The FTA, that is set to come in to effect from ... More

`Broadband policy will be consumer-friendly'
THE Communications and IT Minister, Mr Dayanidhi Maran, on Thursday, said that the broadband policy, to be unveiled next week, will be consumer-friendly. The policy would be aimed at increasing the Internet usage through tax sops and ... More

Value-picking in mid-cap stocks
AFTER a prolonged dull phase, the market showed some traction on Thursday. The entry of CalPERS (the largest pension fund in the US) into the Indian stock markets had been a much-awaited event. The news that CalPERS prefers to invest in the ... More

Car crash tests to be mandatory
THE Government is set to make crash tests mandatory for all new vehicles in the country in another two years as part of its safety road map. Dr Balraj Bhanot of the Automobile Research Association of India (ARAI), told Business Line that ... More

Overseas education: Beware of frauds
The ones who fall prey to these unethical `agents' are mainly from villages and those who have not done their homework well. More




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