NATIONAL House panel endorses VAT introduction from April'05 Finance Minister P Chidambaram today (Dec 20, 2004) said the Government was ready to deal with "genuine difficulties" of traders in implementing VAT, aimed at ending Inspector Raj and moving towards a major tax reform.
Jhunjhunwala quits as RIL treasurer, to quit REL too In a sudden move, a top functionary of Reliance Industries (RIL), considered close to Anil Ambani, today (Dec 20, 2004) quit from a key position in the group's flagship company.
Govt bang on target on income tax: Chidambaram Government is "bang on target" on income tax, corporation tax and customs duty collections but behind on the excise duty front, Finance Minister P Chidambaram informed Lok Sabha today (Dec 20, 2004).
Mukesh calls Board meet on buyback; ignores Anil In a new turn to the raging battle between the Ambani brothers, flagship company Reliance Industries (RIL) Chairman Mukesh Ambani today (Dec 20, 2004) called a Board meeting on December 27 to consider buyback of shares, ignoring younger brother Anil's demand that the Board discuss the contentious Rs 12,000 crore investment made by the company in
Reliance Infocomm.
Mantra for banking reforms would be 3 Cs: Govt Government today (Dec 20, 2004) said its mantra for banking reforms would be "consolidation, competition and convergence" to enable PSU banks to become more stronger, bigger and globally competitive, Finance Minister P Chidambaram told the Lok Sabha today.
NASSCOM condemns arrest of Baazee CEO Avnish Bajaj National Association of Software and Service Companies (NASSCOM) on Monday (Dec 20, 2004) condemned the arrest of e-commerce portal Baazee.com's CEO Avnish Bajaj in the Delhi Public School MMS scandal.
Year of historic records: Sensex zooms to high peak The year 2004 clocked a spate of records on the bourses as many indices, including the Sensex and the Nifty, soared to the highest levels in the history of Indian capital market and FII inflows too were the largest ever in any single calendar year.
Biocon planning to develope personalised drugs Bangalore-based biotechnology company Biocon Ltd is planning to develop personalised medicine solutions for treatment of diseases at lower costs and dosage.
Take Parliament into confidence on Patent Law: Oppn Opposition members in the Lok Sabha today (Dec 20, 2004) voiced concern over a possible move by the Government to promulgate an ordinance to amend the 1970 Patent Law, an obligation under WTO (World Trade Organisation), without taking Parliament into confidence despite it being in session.
Amid proxy war RIL board will meet on Dec 27 In the midst of the proxy war between the Ambani brothers over the control of Rs 90,000 crore Reliance Empire, the board of the flagship company Reliance Industries, headed by Mukesh Ambani, would meet in Mumbai on December 27.
Banking shares in limelight at morning trading Banking shares hogged the limelight during morning trading on the Bombay Stock Exchange (BSE) today (Dec 20, 2004) on good buying support from foreign funds as well as operators.
INTERNATIONAL Irish media baron wants stake in 'Dainik Jagran' A leading Irish media baron has evinced interest in acquiring an estimated 30 per cent stake in 'Dainik Jagran', one of the largest circulated Hindi-language dailies.
