NATIONAL BSE bullish: Sensex closes above 5200-mark Bull operators tightened their grip sending the Sensex to close above 5200-mark for the first time in 2-1/2 months and closed at 5202.53, up by 32.21 points or 0.62 per cent, at the Bombay Stock Exchange (BSE) today (Aug 2, 2004) on sustained buying by foreign funds as well as operators and completed three-session gaining streak.
Mega merger: IFCI, IIBI also may be merged with IDBI In a bid to strengthen the development financing character of IDBI (Industrial Development Bank of India), the UPA (United Progressive Alliance) Government has revived the proposal to merge two ailing institutions - IIBI (Industrial Investment Bank of India) and IFCI (Industrial Finance Corporation of India) -- with it after segregating their bad assets.
Centre open to rebate on service tax on booking agents The Centre is open to offer rebate on the service tax imposed on goods booking agents in the budget proposals, Central Board of Excise and Customs (CBEC) Member Budget, S K Bhardwaj said today (August 2, 2004).
Software and services exports surge 25% in '04 India's software and services exports registered 25 per cent year-on-year growth in 2003-04, according to estimates by Electronics and Computer Software Export Promotion Council (ESC).
