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Home -> Finance -> News

NATIONAL
Petrol prices hiked by Rs 2, diesel by Re 1
Government today hiked petrol prices by Rs 2 per litre and diesel prices by Re 1 besides raising domestic cooking gas LPG prices by Rs 20 a cylinder in Delhi.

FM may raise IT exemption limit, cut corporate tax
The Union Budget is likely to carry forward far-reaching tax reforms to spur investment, including a cut in corporate and capital gains tax rates, besides raising Income Tax exemption limit.

Keane India to recruit 3,400 by next year
The Nasdaq-listed Information Technology company Keane Inc will triple its headcount in India to 5,000 next year to expand operations and will chalk out plans for the fourth development centre in the country.

IBM sets up Linux Centre of Competency in Bangalore
IBM (International Business Machines Corporation) today (Jun 15, 2004) unveiled its Linux Centre of Competency which it said will help its clients from industry, academia and Government move to computing environments based on open standards. "The Centre provides facilities and support and consulting services to test, develop and drive Linux application and solution development. It also will provide Linux product and solution certification. It will help clients take full advantage of the reliability, flexibility and total cost of ownership value that Linux provides," IBM said in a statement.

12th Finance Commission gets extension till Dec 31
Government today (June 15, 2004) extended the term of Twelfth Finance Commission by five months till December 31 this year.

INTERNATIONAL
Regulation vital in infrastructure privatisation: WB
Effective regulation is the most important pre-requisite for successful privatisation of infrastructure services, a new World Bank study says.