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Tuesday, April 05, 2005

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Madhavpura Mercantile Co-op Bank case — ICAI council recommends removal of two members
WIELDING the stick against erring members, the Central Council of the Institute of Chartered Accountants of India (ICAI) has recommended the removal of the names of two members who were auditors of the scam-tainted Madhavpura Mercantile ... More

ITC, Centre settle excise case
ITC has agreed not to claim the Rs 350 crore it paid as deposit to the exchequer in 1996 and that the Government in turn has agreed to withdraw its claim of another Rs 453 crore. More

Wipro gets I-T demand notice for Rs 261.7 cr
WIPRO Ltd has said that it has been served with a notice by the Income-Tax authorities for payment of Rs 261.7 crore as taxes under the I-T Act 1961, primarily on account of denial of the deduction under Section 10A for the software profits the ... More

VSNL served notice on ILD calls issue
THE Department of Telecom on Monday issued a show-cause notice to Tata-managed Videsh Sanchar Nigam Ltd (VSNL) for allegedly routing international long distance calls through private leased line network used by business process outsourcing units. ... More

Ministry finds gaps in Tata-Murdoch DTH shareholders pact
THE stars are yet to shine on the direct-to-home (DTH) venture between Tata Sons and the Rupert Murdoch-promoted Network Digital Distribution Services (NDDS). The Ministry of Company Affairs is of the opinion that the current shareholders ... More

NCMP schemes to cost additional Rs 47,000 cr — Planning Commission meeting today
THE United Progressive Alliance Government will take a call on Tuesday on how much of the promises made in the National Common Minimum Programme (NCMP) can be achieved on an annual basis, given the current resources position. The Planning ... More

PM for rational pricing, distribution policies in power
THE Prime Minister, Dr Manmohan Singh, today said that the country needs to have "rational pricing and distribution policies" to attract investments into the power sector. Calling upon political parties to shun differences over the issue of ... More

Good recoveries bring cheer to bankers
Recoveries this year are expected to be in excess of Rs 250 crore for each of the banks. Besides, there was little NPA accretion during the last fiscal. More

BHEL feels hamstrung by tender conditionalities
KING Drupad wanted the suitor for his daughter, Draupathi, to be selected through an open competition, but he also badly wanted Arjuna to be his son-in-law. So he designed a test that called for skills he knew only Arjuna possessed: Shoot an ... More

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