NATIONAL Interest on delayed tax payment hiked to 12%
New Delhi: Delayed payment of tax will now attract a higher 12 per cent interest rate while government will pay assesses only six per cent for advance tax payment.
SENSEX undergoes downward correction, sheds 9 pts
Mumbai: Undergoing a technical downward correction, following a late bout of profit-selling, the benchmark shed 9.05 points to close at 4425.20 at the Bombay Stock Exchange (BSE) on September 9, cutting short a three-session rally, despite a strong start that took it past the 4470-level in early deals.
FDI limit to be hiked; easy ECB norm in the offing
New Delhi: Foreign Direct Investment (FDI) in many other sectors may be hiked to 100 per cent and procedures for External Commercial Borrowings (ECB) would be further simplified, a senior Finance Ministry official indicated on September 9.
Infosys bags $ 50 mn 5-year contract from Telstra
Bangalore: Software major Infosys Technologies has bagged a five-year 75 million Australian Dollar ($ 50 million) contract from Australian telecom major Telstra for software development and maintenance.
INTERNATIONAL WTO: India to lead fight against US-EU stance
Cancun (Mexico): Battlelines have been drawn on trade issues, with India spearheading the developing countries' fight against pro-developed stance of United States and European Union on contentious issues like agriculture as Trade Ministers from 146 countries gather for the five-day World Trade Organisation (WTO) Ministerial beginning on September 10.
