NATIONAL Tata Finance Ltd's merger with Tata Motors on cards In a major restructuring exercise, Tata Group plans to merge Tata Finance Ltd (TFL) with auto major Tata Motors Ltd (TML) for attaining synergy and give a thrust to vehicle financing business.
K'taka Govt lifts special entry tax for IT exporters The Karnataka Government has lifted the special entry tax on software, hardware and electronic goods for export oriented and STPI registered IT companies, but retained the 13.8 per cent levy on these goods for the domestic IT market.
BSNL to lose Rs 1254 cr due to new ADC regime State-owned Bharat Sanchar Nigam Ltd (BSNL) today (Jan 7, 2005) said the new ADC regime announced by TRAI (Telecom Regulatory Authority of India) would result in a Rs 1254 crore loss annually and might upset its operations in the rural areas.
Pervasive Software launches operations in India NASDAQ-listed Pervasive Software, a global leader in data infrastructure software, today (Jan 7, 2005) announced the launch of operations in Bangalore to diversify its global capabilities.
Jet Airways offers 20 per cent equity through IPO The country's leading private airline, Jet Airways is to offer 20 per cent of full-diluted equity capital through a multi-crore Initial Public Offering (IPO).
SEBI to name firms in 2004 stock market crash The Centre today (Jan 7, 2005) said the Securities Exchange Board of India (SEBI) will name the four entities to whom showcause notices were issued for alleged involvement in May 17, 2004 stock market crash, while SEBI chairman G N Bajpai declined to reveal names now saying it will be done only after probe is complete and action is taken.
RIL Board may discuss brothers' issue on Jan 21 Amid unconfirmed media reports that the Ambani brothers have agreed to a "legal split" to put an end to their battle for the control of Reliance empire, the Board of Directors of the group's flagship company RIL (Reliance Industries Limited) has been summoned to meet on January 21.
Sensex recovers by 53 pts after two-day meltdown Led by RIL (Reliance Industries Limited), the market today (Jan 7, 2005) staged a smart recovery after a two-day massive slide, ending 53 points up in volatile activity on fairly heavy buying support.
FM woos NRI investments in agriculture, industry The Centre today (Jan 7, 2005) said it is adopting a strategy of investment-led growth and urged the non-resident Indians (NRIs) to invest in sectors like agriculture, services and industry.
Amar Singh refuses to comment on the Ambani feud Samajwadi Party (SP) general secretary Amar Singh, known for his proximity to Vice-Chairman of Reliance Industries Ltd (RIL), Anil Ambani, refused to comment on the ongoing feud between the Ambani brothers.
Inflation dips to a six-month low 6.39 per cent Inflation fell to a six-month low of 6.39 per cent for the week ended December 25, mainly due to fall in prices of fuel, fruits and vegetables, edible oil and manufactured products.
SEBI is watching 'unusual movements in market' The Securities and Exchange Board of India (SEBI) today (Jan 7, 2005) said the movements in the market during the last 48 hours were "slightly unusual" and "we are keeping a close watch on the trading pattern".
