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Friday, July 15, 2005

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AP to seek CBI probe into deals over Volkswagen
THE Andhra Pradesh Government has decided to seek a probe by the Central Bureau of Investigation to clear the air surrounding investments into Vashishta Wahan (P) Ltd, a special purpose vehicle created for the proposed Volkswagen greenfield car ... More

AP Industries Minister to be shifted
THE State Major Industries Minister, Mr Botsa Satyanarayana, who is in the thick of the controversy relating to the creation of the SPV, Vashishta Wahan, and the payments made to it by APIIC, has offered to relinquish his ... More

Finance Ministry to come out with clarifications on FBT soon
Despite the hiccups including ground level problems at the level of the bank branches, corporates are taking the FBT on their stride and looking to comply with the provisions. More

Gold trading in demat form launched
INVESTORS can now buy, hold and trade gold in dematerialised form without having to worry about parking it in a vault for its safe-keeping. The Multi Commodity Exchange (MCX), in association with the World Gold Council, has launched a new product ... More

Gecis to acquire US-based Creditek
Creditek is a leader in revenues cycle management, order-to-cash and business process outsourcing solutions. More

Ahead of US visit, industry captains meet PM
TEN top captains of the industry, including Mr Ratan Tata, Mr Mukesh Ambani and Ms Kiran Mazumdar-Shaw, today met the Prime Minister, Dr Manmohan Singh, ahead of his forthcoming US visit. They were seeking guidance on the issues they would ... More

Now, it's the turn of Korea, Taiwan investors to knock at Indian doors
TRACING the footsteps of Japanese investors, Korean and Taiwanese FIIs are now entering the Indian equity market. Top broking firms in India, which handle various FIIs, said most of the purchases by FIIs in the last 6-8 weeks have come from ... More

Mobile is lost but info stored is intact, thanks to Bhatia
FOR many mobile phone users, losing their mobile phone is not half as traumatic as losing all the information on it. With the near ubiquitous instrument replacing organisers and address books, the dependence on the cell-phone is high. Sabeer ... More

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