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Sunday, January 23, 2005

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MF distributors told to show proof for service tax refund
TAX authorities have asked mutual fund distributors who have claimed refund on service tax to first prove that they have not collected the same from their customers in order to be eligible for a refund. The office of the Joint Commissioner of ... More

Stocks surge ahead of M&A news
DOES the stock market have an inkling of major corporate developments before they are announced? It would appear so if the spurt in stock price and volumes in the scrips of several companies that have gone through major corporate developments ... More

Govt gets tough on air traffic rights — Moots 2-year ban on airlines for non-compliance
THE Government has proposed a two-year ban on airlines that have failed to start services to those countries for which permission has been given. This is being done so that only serious players put in requests for operating more flights to ... More

India Inc's response to corporate governance tardy: Chidambaram
THE Union Finance Minister, Mr P. Chidambaram, has expressed concern over the lack of seriousness on the part of corporate India in following the principles of corporate governance. "I am dismayed at the tardy response of Indian companies to ... More

IPCL plans fresh VRS — Eyes blue-collar workers this time
"The idea is to arrive at a package that would earn the worker a monthly interest of Rs 4,000-5,000.'' More

SEBI nod for Jet IPO to take more time
THE SEBI clearance for the draft initial public offering (IPO) of Jet Airways will take a much longer time because this is the first time an airline has sought to go public. The Securities and Exchange Board of India Chairman, Mr G.N. Bajpai, ... More

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