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Wednesday, February 16, 2005

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Govt hikes import duty on palm oils; base prices cut
IN a major pre-Budget tariff restructuring exercise, the Government today hiked the basic Customs duty on the entire palm oil complex, alongside a reduction in tariff values or base prices for computation of duty liability by importers. The ... More

S&P makes open offer for majority stake in Crisil
GLOBAL rating agency Standard & Poor's (S&P) on Tuesday made a conditional open offer to acquire up to 35.34 lakh shares of Crisil Ltd, representing 55.67 per cent of its equity capital, at a price of Rs 680 per share. The offer will stand .. More

SriLankan cuts fares to woo Indian passengers
THE national airline of Sri Lanka, SriLankan has joined the growing list of international airlines wooing Indian travellers with never-before low air fares. Targeting high-earning young executives, SriLankan Airlines has announced a 50 per cent ... More

Wagon shortage forces IRFC to borrow less
AT a time when the economy is on song, the familiar old story of the country's creaking infrastructure not keeping pace with resurgent industrial growth has resurfaced. After the congestion at major ports, it is rail traffic that is now bursting ... More

Edible oils import up 9 pc
TOTAL import of edible oils during the first quarter of the oil season 2004-05 (November 2004 to January 2005) are up 9 per cent at 9,46,302 tonnes, compared to 8,69,620 tonnes during the same period last year, according to data complied by the ... More

FMR hikes stake in Infosys
FIDELITY Management and Research Corporation (FMR) increased its stake in Infosys Technologies to over five per cent recently. Fidelity Investments, a subsidiary of FMR Corp, is one of the key clients of Infosys. FMR, which held 27,26,725 ... More

`Railways not in debt trap'
WITH hardly a fortnight to go for the Railway Budget, Railway Ministry officials say there is no basis to believe that the Railways is caught in a `debt trap' on account of borrowings contracted through the Indian Railway Financing Corporation ... More

Warehousing facility for petro products only at port of import
OIL companies cannot transfer petroleum products from the warehouse at the port of import to inland warehouses without payment of customs duty. The Finance Ministry has now decided that the warehousing facility for petroleum products would be ... More

Selling pressure takes its toll
THE bears did make their presence felt, as the markets remained subdued on Tuesday. Led by selling pressure in the frontline stocks, the market for most of the day traded in the negative territory. Investors appeared to have booked profits ... More

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