NATIONAL VAT may not take off in June, hints Jaswant New Delhi: Finance Minister Jaswant Singh on April 25 indicated Value Added Tax (VAT) might not take off in June and promised suitable
amendments next week to exempt weavers including power-loom from controversial excise duty in the Budget.
BSE: PSU stocks suffer on signs of divestment delay Mumbai: Led by HPCL (Hindustan Petroleum Corp Ltd), PSU stocks suffered a sharp setback in an otherwise mixed pattern of trading at the Bombay Stock Exchange (BSE), on April 25 due to heavy selling triggered by indication of further delay in disinvestments.
Modi-Senator ties-up with Shopper’s Stop Mumbai: Modi-Senator India Private Limited (Modi-Senator), a 50:50 joint venture company between $300 million Merz & Krell GmbH Co of Germany and Rs 6 billion UK Modi Group, announces its strategic tie-up with India’s leading lifestyle retail store, Shopper's Stop to retail Senator’s premium range of pens through all its outlets across India.
CAG upset over increase in losses of 97 PSUs New Delhi: The Comptroller and Auditor General (CAG) has come down heavily on 97 public sector units (PSU) whose accumulated losses have increased by a whopping 33.98 per cent to Rs 60,996 crore in 2001-02 from Rs 45,527 crore in 1999-2000.
Indo-Chile Preferential Trade Agreement on the cards New Delhi: In a bid to increase bilateral trade and to provide Indian exporters access into the Latin American market, India and Chile are considering signing a Preferential Trade Agreement (PTA).
Concerto to team up with NWG subsidiary New Delhi: Concerto Software, Inc. (NASDAQ: CRTO), a proven provider of customer interaction management (CIM) solutions, on April 25 announced a joint venture agreement with New World Xianglong Communication Limited ("NWXL"), a wholly owned subsidiary of New World Infrastructure ("NWI"), a flagship telecommunication arm of New World Group in China.
PSU stocks witness heavy selling at early stages Mumbai: Led by Hindustan Petroleum Corporation Limited (HPCL), public sector unit (PSU) stocks witnessed heavy sell-off, pushing the SENSEX further down at early stages of the morning session on the Bombay Stock Exchange (BSE) on April 25.
'Only 8 of 16 states adopted VAT implementation law'
New Delhi: Only eight out of 16 states, which have agreed to implement value added tax (VAT) from June 1 have passed legislations on
the issue so far, Finance Minister Jaswant Singh said in Lok Sabha on April 25.
INTERNATIONAL Microsoft Corporation launches Windows Server 2003
San Francisco: The deadly SARS (Severe Acute Respiratory Syndrome) outbreak in China and Hong Kong could cause long-term damage to
the regions economic growth and knock-on effects for the rest of the world unless it is brought quickly under control, the World Trade
Organisation (WTO) said on April 23.
