Govt to consider offloading residual stake in five cos
DISINVESTMENT of the Centre's holding in various companies is set to get another push with the Government moving a proposal to divest its residual stake in a clutch of companies including VSNL Ltd and Balco. The proposal is to come up for ...
Tax panel wants Rs 1-lakh limit under 80C reviewed every year Favours indexation of investment limit with inflation
A COMMITTEE of tax experts has urged the Centre to undertake annual review of the Rs 1-lakh investment ceiling set in this year's budget for allowing certain category of tax assessees to avail themselves of income-based deductions for income-tax ...
Thomas Cook India to come under Dubai Investment fold
THOMAS Cook (India) Ltd, the Indian arm of Europe's second-biggest travel company Thomas Cook, is being taken over by Dubai Investment Group for an undisclosed amount. In a statement to the BSE on Wednesday, Thomas Cook India said Thomas Cook ...
State Bank launches `no frills' account for villagers
The scheme, which will be launched on Thursday, will enable villagers to start a bank account with deposit amount as low as Rs 50. Christened `SBI Tiny', the account can be maintained with zero balance. The pilot project is being launched in ...
Coal India may cut output as stocks pile up at power plants
COAL India Ltd (CIL) is likely to cut down production following piling up of stocks at the thermal power plants as well as the pitheads of several mines. This is because hydel power generation has increased due to the heavy rains in southern ...
Petroleum regulatory board Bill tabled in RS
A BILL to provide for the setting up of the Petroleum and Natural Gas Regulatory Board, which will regulate the petroleum and natural gas sector and protect the interests of consumers and entities engaged in such activities, was introduced in ...
Govt urged to amend I-T laws relating to BPOs $1-b revenue, jobs at stake, warns Nasscom
THE National Association of Software and Services Companies (Nasscom) on Wednesday said that Income-Tax law should be amended to provide that "arm's length price" for outsourced work be determined only on the basis of activities performed by the ...
GM outsourcing deal decision seen delayed
CONTRARY to initial expectations, General Motors (GM) is likely to finalise its mega IT outsourcing contract only by the first or second quarter of calendar 2006, according to market sources. In October, it was expected that GM would take a ...
Small software companies riding the market boom
IF you thought financial intermediaries such as stockbrokers are the only service providers doing superbly in these bullish markets, think again. Unseen by many, a small side story is unfolding rapidly in the realm of those who churn out what are ...
Outlook on new low-pressure area over Bay maintained
THE National Centre for Medium Range Weather Forecasting (NCMRWF) maintained its outlook of a fresh low-pressure area brewing over the southeast Bay of Bengal on a day when Tropical Depression 07B virtually stagnated over the seas 500 km ...
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