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Headlines Now
NATIONAL
Ambani brothers summoned in conspiracy case
New Delhi: Parliament on May 6 completed the three-stage Budget exercise with Rajya Sabha returning the Finance Bill, 2003 after Finance Minister Jaswant Singh promised to move towards simplified "Green Channel Tax System" based on trust.

Ambani brothers summoned in conspiracy case
New Delhi: A Special Court has directed summoning of Reliance group chairman Mukesh Ambani and its managing director Anil Ambani in a case in which the company's officials were alleged to have entered into a criminal conspiracy to procure classified government documents violating Official Secrets Act.

SENSEX up by another 17 pts led by PSU's gains
Mumbai: Led by oil majors HPCL (Hindustan Petroleum Corporation Limited) and BPCL (Bharat Petroleum Corporation Limited), old-economy shares continued their northward journey, pushing the benchmark up by yet another 17.53 points to close at 2993 on the Bombay Stock Exchange (BSE) on May 6 on sustained buying from foreign funds and operators.

Net4India-Net2Phone alliance targets BPO, Corporates
New Delhi: Net4India, one of the leading Internet solutions and services provider has formed an alliance with Net2Phone, a leading global provider of retail voice services over IP networks in India.

Govt optimistic of sustaining high export growth
New Delhi: Government on May 6 said it was optimistic of sustaining a high double digit export growth in the current year, following assurance by exporters that they would be able to sustain the last fiscal's export performance.

VAT panel's meeting with Jaswant Singh cancelled
New Delhi: Finance Minister Jaswant Singh has called off the meeting with empowered committee on value-added tax (VAT), scheduled for May 6.

Constitution Bill on service tax in Rajya Sabha
New Delhi: Government on May 6 introduced in Rajya Sabha a Bill to amend the Constitution to empower states to levy and appropriate tax on services as well, a measure aimed at augmenting their revenues to compensate any loss with the implementation of value added tax (VAT).

Share values higher, banking stocks in limelight
New Delhi: Government on May 6 introduced in Rajya Sabha a Bill to amend the Constitution to empower states to levy and appropriate tax on services as well, a measure aimed at augmenting their revenues to compensate any loss with the implementation of value added tax (VAT).

INTERNATIONAL
Satyam to open global solutions centre in Malaysia
Cyberjaya (Malaysia): Notwithstanding the recent harassment of Indian Information Technology (IT) experts in Malaysia, Satyam Computer Services on April 28 launched its Global Solutions Centre to enhance its presence in the Asia-Pacific region.