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Bid to curb inflation — Import duties on steel cut
IN a second round of fiscal measures to curb inflation, the Government on Friday announced reduction of Customs duty on non-alloy steel, melting scrap for iron and steel and ships for breaking. Customs duty on non-alloy steel has now been ...
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Govt clarifies on service tax, but truckers firm on strike
The AIMTC does not buy the Finance Ministry argument that transport operators and truck owners will be kept out of the service tax net.
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Vedanta to buy 51 pc stake in Zambian copper mine
VEDANTA Resources Plc, the London Stock Exchange-listed holding company of the Sterlite Group, on Friday announced that it planned to acquire a 51 per cent controlling stake in Konkola Copper Mines in Zambia, for a total cash consideration of ...
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SBI picks Finacle for global operations
STATE Bank of India has awarded a $35-million contract to Infosys Technologies to power its international banking operations with Finacle, the company's universal banking solution. The bank will deploy Finacle core-banking, e-banking and ...
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Defying CLB order: Case filed against Morepen Labs
THE Registrar of Companies, Jalandhar, has prosecuted Dr. Morepen Laboratories for defying the Company Law Board's (CLB) order regarding non-payment to depositors. The case has been filed under Companies Act, 1956, the Minister of Company ...
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Inflation scales up on costlier fuel, metals
THE annual wholesale price index-based inflation surged to a new three-and-a-half year high of 7.96 per cent during the week ended August 7, largely due to rise in fuel and metal prices, according to the data released by the Ministry of Commerce ...
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Sales jobs — not many takers around
MR ARUNACHALAM, a franchisee of a leading consumer goods major, is still reeling from shock. He had advertised a few weeks ago, in a leading newspaper, inviting applications for the job of a salesman to sell some medical products. In the first ...
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Exporters keep more earnings abroad — Liabilities of US banks rise to $10.638 billion
LIABILITIES of US banks to Indian entities, such as exporters, corporates and banking institutions etc., went up in June for the first time since December last year. According to the US treasury data released for June this year, the outstanding ...
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Sensex plunges into negative territory
THE markets ended the week on a negative note as concerns regarding rising crude oil process continue to be a dampener on investor sentiment. The negative sentiment towards oil stocks spilled over to most of the other sectors as well. Select ...
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Gold demand up 20 pc in H1
DEMAND for gold in the country during the first half of 2004 was 20 per cent higher in rupee terms and 10 per cent higher in tonnage terms than that in the first half of 2003. Total consumer demand (jewellery and net retail investment) ...
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