The Hindu Business Line : Wednesday, May 07, 2003

Bill defines pvt sector airport; `Trust' planned
Sources said that the eventual passage of the Amendment will clear the way for the Airports Authority of India (AAI) to lease out the airports which are under its control at present. More

Xerox Modi under DoT scanner?
IT could now be the turn of the Department of Telecommunications to probe into Xerox Modicorp Ltd, the Indian subsidiary of the US multinational Xerox Corporation. The company is already under the Government scanner with the Department of Company ... More

We don't want VAT to be vexatious: Jaswant
THE Finance Minister, Mr Jaswant Singh, has indicated that the value-added tax (VAT) system has been deferred indefinitely. Replying to the debate on the Finance Bill 2003 in the Rajya Sabha on Tuesday, he said that the system could be ... More

VAT panel to meet Jaswant
WITH the proceedings in the Rajya Sabha taking up a major chunk of the Finance Minister, Mr Jaswant Singh's time on Tuesday, the crucial meeting between the members of the Empowered Committee of State Finance Ministers on VAT and the Finance ... More

TCS acquires Swissair stake in BPO jt venture
TATA Consultancy Services (TCS) on Tuesday announced the acquisition of Airline Financial Support Services India (Pvt) Ltd (AFS), a business process outsourcing outfit which is a joint venture between Swissair and TCS in which the latter already ... More

Importers in no hurry to hedge dollar position
"Having enjoyed substantial gains, corporates are unlikely to hedge their positions unless they get hit. Any untoward incidents like a war, a downgrading of India by an international rating agency, sudden resurgence of the dollar could all see the ru pee nosedive and seriously harm these punters." More

Maybach, the Rs 3-cr car — Daimler yet to decide on import
IT may be sometime before one of the world's costliest cars, Maybach saloons, hits the Indian roads as its manufacturer DaimlerChrysler is yet to work out the logistics of importing these cars into the country. Launched worldwide in 2002, ... More

Music channels hit a flat note
THE music industry is bleeding and that seems to have had some bearing on music channels as well. While other genres such as news and regional channels witnessed growth both in terms of revenues and audience share, growth in the Rs 130-crore ... More

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