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Software sold off the shelf is liable to sales tax: SC
THE Supreme Court on Friday held that software programmes such as Oracle, Lotus and Unigraphics sold off the shelf are goods for the purpose of levy of sales tax by States. A five-Judge Constitution Bench headed by Mr Justice N. Santosh Hegde ...
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Govt puts on hold plan to hike insurance FDI limit
THE four-month old tiff between the Government and the Left parties on foreign direct investment (FDI) in select sectors has claimed its first major casualty. Buckling under Left parties' pressure, the Government has finally put on hold its ...
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Bond prices crash over inflation, interest rate worries
TIGHTENING liquidity, rising inflation and apprehensions of a hardening in interest rates led bond prices to crash by nearly Rs 2 in a jittery Government securities market on Friday. Dealers said that the late evening auction announcement for ...
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HC directs BSNL to maintain status quo on RIM connection — Asks Reliance to deposit Rs 40 cr
The Court has also asked BSNL to file its reply to the private operator's appeal and has posted the matter for further hearing on November 30.
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Air Sahara firms up plans for Asean, London flights
AIR Sahara has drawn up a major expansion plan, which will see it offer non-stop flights from several Indian cities to not only to Singapore, Bangkok and Kuala Lumpur but also to London. "The airline is kind of ready to launch operations to the ...
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Coorg planters brew success in home stays
COFFEE planter Micky Kalappa is getting over the hardships caused by the prevailing coffee price crisis in a refreshing way. He has turned the bungalow in his 40-acre Polaycad Estate at Ammathi in southern Coorg into a home stay, mostly ...
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HC clears Matrix Labs merger proposal
MATRIX Laboratories Ltd (MLL), the city-based pharmaceutical major, has informed the stock exchanges on Friday that the Andhra Pradesh High Court has sanctioned the scheme of arrangement for amalgamation amongst Vera Laboratories Ltd, Fine Drugs ...
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Despite positive quarter FMCG sector awaits revival
ONCE the dust has settled on the September quarter results of major fast moving consumer goods (FMCG) companies, it is becoming clear that while the revival process may have begun, the sector has still a long road ahead to complete recovery. And ...
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`Auto components exports to touch $20 b in next 10 years'
AUTO components exports from India are expected to be of the order of $20 billion in the next 10 years. At present, India's auto components exports have been pegged at around $1 billion, according to Mr S. Kumar, Assistant General Manager of Tata ...
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SBI to review short-term deposit rates
STATE Bank of India is reviewing its short-term deposit rates, according to its Chairman, Mr A.K. Purwar. "There is certainly some pressure to increase rates and we are taking a re-look at our short-term deposit rates. In fact, sub-PLR rates ...
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Inflation rises on costly food, minerals
THE annual wholesale price index (WPI)-based inflation rate rose to 7.38 per cent for the week ended October 23 from 7.1 per cent during the preceding week. The year-on-year inflation rate was up due to an all-round price hike across the three ...
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