INTERNATIONAL
NATIONAL Petrol, diesel prices hiked by Re 1 per litre New Delhi: State-owned oil companies on January 2 increased petrol and diesel prices by around Re 1 per litre, effective January 2 midnight, in step with the $ 5 a barrel surge in global crude oil prices.
Heavy selling by FIIs, SENSEX down by 25 pts Mumbai: Shares failed to maintain the initial firmness on the Bombay Stock Exchange (BSE) in Mumbai on January 2 and met with heavy selling pressure from Foreign Institutional Investors (FIIs) and fell sharply towards the fag end, pushing down the SENSEX by 25.06 points to close at 3365.06.
Cell tariffs slashed, uniform rates for STD New Delhi: In a bid to compete with limited mobile services by basic service providers, cellular companies on January 2 announced a uniform mobile-to-mobile STD rate of Rs 2.99 per minute.
BJP likely to oppose controversial Kelkar proposals New Delhi: The BJP (Bharatiya Janata Party) is likely to oppose the contentious tax reform proposals to reduce and eliminate incentives for housing, small savings and standard deductions pitting Finance Minister Jaswant Singh against his advisor Vijay Kelkar, who headed the committee on taxes that gave its report last week.
Overseas linking advised for Indian industries Bangalore: Linking with overseas partners to acquire needed technologies and skills would be one of the three major strategies that India should follow to push the country's performance in exports to the top, T C Venkat Subramanian, Managing Director, Exim Bank, has said.
Cost convention to discuss latest challenges Chennai: The three day National Cost Convention beginning here on January 4 will discuss the latest challenges facing the cost accounting profession in the wake of globalisation.
FM to rope in UTI Investor for PAN card allotment New Delhi: Tax department, which has decided to outsource services for allotment of permanent account number (PAN) cards to over 2.5 crore income tax assesses, will rope in Unit Trust of India (UTI) Investor Service Limited for the purpose.
SENSEX opens on a firm note Mumbai: The benchmark opened on a firm note and crossed 3,400-mark in line with a moderate rally in select heavyweights on the Bombay Stock Exchange (BSE) to pay on good buying support from operators.
