NATIONAL Special entry tax in K'taka is like 'insult on injury' The Greater Mysore Chamber of Industry (GMCI) today (Oct 4, 2004) termed "draconian" and "anti-industry" Karnataka's move to impose a special entry tax on 23 goods being brought into the State and urged the Government to withdraw the legislation.
UK firm Cookson to set up assembly line in Bangalore British electronics assembly materials firm Cookson Electronics today (Oct 4, 2004) said it has set-up its India research centre in Bangalore and plans a manufacturing-scale surface mount technology (SMT) assembly line for electronics assembly and semiconductor device packaging in a year.
Subex completes acquisition of Fraud Mgmt Systems Telecom software product company Subex Systems today (Oct 04, 2004) said it has the completed the previously announced acquisition of the Fraud Management activity of Alcatel and certain assets of the Fraud Centurion product from Lightbridge Inc.
Market zooms past new five-month high, up by 91 pts Riding piggyback on sustained and heavy FII inflows, the market today (Oct 04, 2004) zoomed past new five-month high to end at 5766.30, extending the price rally to fourth session in a row even as operators and retailers entered into large commitments in several blue chips.
HP posts 45 pc jump in revenue in second quarter IT major Hewlett Packard today (Oct 4, 2004) posted 45 per cent jump in revenue at $ 16.2 million in the mid-range servers segment in India during the second quarter ended September while registering a 75.8 per cent jump in sales at 232 units.
INTERNATIONAL Central banks to be cautious with interest rates: FM Finance Minister P Chidambaram has said that central banks should be cautious in revising interest rates to check inflation, so that policy initiatives to stabilise prices do not hinder growth.
UK Cos must gear up to fight big Indian challenge Warning that the rising economic might of India and China poses a threat to Britain's prosperity, the country's Chancellor of Exchequer Gordon Brown has asked businesses to do more to meet the growing strategic threat to their markets.
Consensus eludes on vital issues as IMF meet ends The annual conference of the World Bank Group and IMF where India was represented by Finance Minister P Chidambaram, ended in Washington with no consensus among developing countries on three vital issues, including representation in the world body and enhanced aid.
