Financial Daily from THE HINDU group of publications
Saturday, December 24, 2005
Commodities (Dec 23 - at close)
Gold (per gram) Rs692
Silver (per gram) Rs13.22
Brent crude (per bbl) Rs2566
Markets (December 23)
BSE Sensex9256.91(-115.39)
S&P CNX Nifty2804.85 (-30.40)
US Dollar (Buy/Sell)45.11/45.24



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FBT blow to industry may be softened — But it is here to stay, says CBDT Chairman
THE Central Board of Direct Taxes (CBDT) Chairman, Mr M.S. Darda, today indicated that the Revenue Department would try to make it easier for industry to comply with the fringe benefit tax (FBT) provisions of the income-tax law in the forthcoming ... More

Tata Chem buys 63 pc stake in Brunner for Rs 508 cr
The total soda ash production capacity of the combined entity will now be close to three million tonnes per annum More

Sharp decline in returns filed under `one-by-six' tax scheme
THE `one-by-six' scheme that was introduced by the Government to identify potential taxpayers based on certain indicators may be losing its sheen. The number of returns filed under the scheme has come down from a high of 30.59 lakh in fiscal ... More

Ranbaxy settles patent suit with Cephalon for sleep-disorder drug
RANBAXY Laboratories Ltd has entered into a patent litigation settlement with the US-based Cephalon Inc whereby it will not launch the generic version of the sleep-disorder drug, Provigil (modafinil), until at least 2011. However, if any other ... More

Zee Sports scores well on Test debut
THE verdict is out. While cricket on Doordarshan's National continues to dominate due to the terrestrial nature of the channel, newcomer Zee Sports has managed to attract a good number of eyeballs for the second test match played between India ... More

Rains turn saviour for lands affected by tsunami
SCIENTISTS working on salinity-affected soils in coastal Tamil Nadu after the December 26 tsunami say the recent rains and floods have helped to bring down the salinity. But the problem has not entirely been solved as the degree of salinity ... More

Inflation dips on cheaper food, non-food items
THE annual wholesale price index-based inflation rose 4.5 per cent during the week ended December 10, marginally lower than the previous week's annual rise of 4.55 per cent, according to data released here today by the Ministry of Commerce and ... More

MF sector witnessing job churn as opportunities rise
IF the generals leave their commands, the foot soldiers will switch sides. That is happening - and how! - in the asset management industry, given the rampant job-changes. With a number of new entities set to test the waters and the older ... More

AirTel offers pre-paid with lifetime validity — Bundles handset for as low as Rs 1,399
PRE-PAID card users need not worry anymore about recharging their coupons every month. AirTel has launched a plan that allows users to take a pre-paid connection with lifetime validity for a one time payment of Rs 999. Subscribers availing ... More

Sasken loses arbitration case against
THE Bangalore-based Sasken Communication Technologies has lost the arbitration in its dispute with US-based The company has conveyed to the Mumbai stock exchange that the arbitrator has awarded damages of $1,156,729.80 in favour of ... More

Acer unveils fifth generation tablet PC
PC vendor Acer India will aim at garnering 25 per cent of the market share in 2006. The company's market share in 2004 was 12 per cent, which grew to 16 per cent this year. Mr S. Rajendran, General Manager - Sales and Marketing, Consumer ... More

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