The Hindu Business Line : Thursday, August 11, 2005

Govt unveils new package for SMEs — Credit to double by 2009-10; `Medium Enterprise' clearly defined
THE Government on Wednesday unveiled a new policy package aimed at stepping up credit flows to the small and medium sector. The package has for the first time clearly defined the medium enterprises (ME) as those units with investment in plant ... More

Crude import bill may touch Rs 1,80,000 cr
IF the current trend of spiralling international oil prices continues, the crude oil import bill this fiscal is expected to touch Rs 1,80,000 crore, up from about Rs 1,20,000 crore in 2004-05. The high international prices have added to the ... More

MNC liaison offices likely to come under FBT, say tax experts
MNCs operating liaison offices or representative offices in the country are most likely to be covered under fringe benefit tax (FBT) even though they may operate on a "no income basis" and not be required to pay income tax, say tax ... More

Sensex bounces back, gains 134 on FII buying
AFTER two days of downtrend in the indices, the bulls were back in business on Wednesday, leading the Sensex to a 134.25-point gain. Heavy buying in frontline scrips, especially in the IT and banking sectors, set the indices soaring. The ... More

Fractional ownership of aircraft now in India
Club One Air has imported three aircraft and would bring in another two in the next 20 days. It plans to have a fleet of at least 100 aircraft within four years. More

IBM plans software campus in Bangalore — `Construction work under way; land sought in Mysore'
Though bulk of the growth in headcount in 2004 was on account of the acquisitions, IBM has been adding more people in India to execute the increasing number of projects that were offshored. More

Shipping cos see higher Q1 net despite soft spot freight rates
DESPITE the softening of global shipping spot freight rates across all asset classes, Indian shipping companies notched up significant increases in their incomes and net profits for the first quarter of the current fiscal as compared to the ... More

WorldSpace strikes a chord with discerning listeners
IT is not aimed at the mass market in India but for those discerning music lovers who want their uninterrupted dose of jazz, rock, Indian classical music or old Hindi film songs. Worldspace Satellite Radio, which launched its services in Mumbai ... More