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Friday, August 05, 2005


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Keen to enter nuclear power, if allowed: Tata
The recent Indo-US joint declaration on civil nuclear energy cooperation must have given a very strong indicator of things to come for Mr Ratan Tata, Chairman of the Tata group, to have said what he did at the Tata Power AGM on Thursday. In ... More

Kumar Mangalam, B.K Birla raise stake in Pilani Invest to above 50%
THE B.K. Birla-Kumar Mangalam Birla Group has increased its stake in Pilani Investments to more than 50 per cent. Mr G.P. Birla and Mr S.K. Birla have disinvested their stakes in Pilani in favour of the B.K. Birla-Kumar Mangalam Group. An ... More

Cabinet gives nod for more Govt nominees on bank boards
THE Union Cabinet on Thursday decided to introduce an amendment to the Banking Companies Act with a view to increasing the number of Government nominees on bank boards. This would also enable the Government to have representation on boards ... More

SEBI panel suggests changes in broker fee
THE Securities and Exchange Board of India is seeking to modify the calculation of brokerage fee in order to modernise it and make it relevant to current market conditions. According to the recommendations of a SEBI committee headed by Mr D.C. ... More

Panel against setting up of national tax tribunal
THE Government's proposal to set up a national tax tribunal (NTT) has not found favour with a Parliamentary panel. The department-related Parliamentary Standing Committee on personnel, public grievances and law and justice has expressed ... More

Gas pipeline project — India may become consortium partner: Iran
INDIA may consider becoming a consortium partner, involving Iran and Pakistan, to build the proposed $7.4-billion Iran-Pakistan-India gas pipeline to have a better say in the project. Speaking to presspersons at the conclusion of the two-day ... More

Iran gas co open to tie up with Indian cos
The National Iranian Gas Exporting Company, Managing Director, Mr R. Javadi, on Thursday said that his company would be open to partnering with Indian private companies looking to invest in the energy sector in Iran. When asked whether any ... More

Panel for cut in petro products customs duty
THE Parliamentary Standing Committee on Petroleum and Natural Gas has recommended reduction in customs duty on petroleum products, especially petrol and diesel, to five per cent from 10 per cent, to bring it on par with the customs duty on ... More



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