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Friday, May 27, 2005

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Govt may end duty sops on petro product exports
A DECISION on domestic petrol and diesel prices may be in the offing with the Government considering the option of withdrawing the export incentive duty drawback scheme for petroleum products. At present, major exports of petroleum products ... More

Govt to sell 10% stake in BHEL
THE Cabinet has given clearance to the Government to sell 10 per cent stake in Bharat Heavy Electricals Ltd (BHEL) through the book-building route. Briefing newspersons after the meeting, the Finance Minister, Mr P. Chidambaram, said the ... More

PruICICI's `SPIcE' doubles in a week
CAN an exchange traded fund (ETF) value double in a week's time? Looks impossible, but players in Indian stock market have done it. The fund in which this has happened is Prudential ICICI mutual fund's "SPIcE" (Sensex Prudential ICICI Exchange ... More

Sandoz to build on India advantage, plans further investments
IT is an open secret that the world's largest players in generic medicines have their designs on India. So when Sandoz's Chief Executive Officer, Dr Andreas Rummelt, makes two business visits to India in the six-odd months since he has taken ... More

Corporate sector paying due share of taxes: Chidambaram
Hopes to net a `tidier sum' in arrears

THE Finance Minister, Mr P. Chidambaram, on Thursday made clear his intention not to hike corporate tax rates even as he highlighted that the bulk of the direct tax revenues for 2005-06 are to come from the corporate sector. "It is wrong to say ... More

GE eyes acquisitions in India — To use size and strength to drive growth
"WE believe we have size and strength and want to use it to drive growth," said Mr Jeffrey R. Immelt, Chairman of the Board and Chief Executive Officer, General Electric Company (GE), in his address to CEOs. He said the company was scouting for ... More

Institutions pick up large stakes in mid-caps
INSTITUTIONAL investors, both domestic and foreign, have become very aggressive in the Indian equity market in the recent past by picking large stakes in several companies through open market purchases. This trend is more visible in mid-cap ... More

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