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Wednesday, April 06, 2005

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`ITC settlement as per SC suggestion'
THE settlement reached between the Union Government and ITC Ltd in the Rs 803-crore alleged excise duty evasion case was in accordance with the "suggestion" made by the Supreme Court, the Union Finance Minister, Mr P. Chidambaram, said here on ... More

IVRCL in talks to acquire Hind Dorr-Oliver
IVRCL Infrastructure & Projects Ltd, close on the heels of a fresh public offer, is likely to snap up the Jumbo Group-managed Hindustan Dorr-Oliver Ltd in a deal estimated at around Rs 60 crore. Informed sources said talks to clinch a deal ... More

Full Plan panel meet stresses need to raise tax/GDP ratios
THE meeting of the full Planning Commission today zeroed in on raising the tax/GDP ratios both at the Centre and the States in order to meet the requirements of public expenditure, which would be necessary to meet the many commitments of the ... More

TRAI mulls cut in broadband tariff
THE Telecom Regulatory Authority of India is considering a reduction in broadband tariff from $4 per 100 KBPS a month to $1, Mr Pradip Baijal, Chairman, TRAI, said here on Tuesday. He said domestic lease line tariff would also be reduced but ... More

Govt keen on hiking FDI cap on insurance — Germany may review dumping duties on Indian goods
THE Finance Minister, Mr P. Chidambaram, on Tuesday reiterated the Government's intention to raise the foreign direct investment cap in the insurance sector to 49 per cent from the present 26 per cent. "The intention is to raise the insurance ... More

`Enough forex reserves to meet crude import needs'
THE Petroleum Minister, Mr Mani Shankar Aiyar, on Tuesday said that the rising global crude oil prices and severe volatility in the international oil market was a matter of concern, but India has sufficient foreign exchange reserves to meet its ... More

EU, US may clamp down on Chinese textile exports — Windfall likely for Indian cos
EVENTS scheduled to happen halfway across the globe during the course of the week could have a big bearing on the business prospects of Indian textile exporters. A crucial meeting of the European Commission, the European Union's executive ... More

Mutual fund distributors grow faster than AMCs
THE bull rally that enveloped most of financial year 2004-5, ended with most equity-oriented asset management companies laughing all the way to the bank. However, the product launching frenzy that also marred most of FY2005, has ended with ... More

Selling pressure weighs across the board
THE hesitancy that was witnessed in the stock markets in the previous session turned into nervousness on Tuesday, leading to a sharp rise in selling pressure and a steep fall in the benchmark indices. The increased incidence of profit-taking was ... More



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