NATIONAL 11 states ready for VAT from June: Dasgupta New Delhi: At least 11 states accounting for two-third of the country's trade and industrial output are
ready to introduce Value-Added Tax (VAT) from June, but a final decision would be taken after a
meeting of the Empowered Committee with Finance Minister Jaswant Singh shortly.
Indian PC shipments shoot up by 16.3 per cent Bangalore: The Indian Personal Computer (PC) shipments rose by 16.3 per cent year-on-year in the
first quarter of 2003 to reach 615,466 units from 529,308, according to global research and advisory
firm Gartner Inc.
Ittiam Systems announces tie-up with Silicon Labs New Delhi: Ittiam Systems-India, on May 7 announced a strategic relationship with Silicon Laboratories
Inc to develop SOC (System On Chip) designs for the mixed-signal IC market.
VAT panel chairman, FM discuss Vat implementation New Delhi: The chairman of empowered committee on value added tax (VAT), Asim Dasgupta, on May 7 met Finance Minister Jaswant Singh to discuss ways of implementing the new tax regime at the earliest and asked Centre to expedite the clearances of state VAT legislations
TVS to boost market share with 2 new products Bangalore: TVS Motor Company expects to boost its market share in India's two-wheeler segment by at least three percentage points to 25 per cent with the launch of the new motorcycle Fiero F2 and scooterette Scooty Pep, a senior company executive said on May 7.
Govt mulling levy of cess for crude oil reserves New Delhi: Government is mulling levy of a 10-20 paise per litre cess on petrol and diesel to fund build up of 45 days' strategic crude oil reserves to meet contingency requirement like disruption in supplies in
the event of war.
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.
