NATIONAL Tatas reiterate commitment to invest in Bangladesh Amid reports of its possible withdrawal from Bangladesh due to political uncertainties, corporate giant Tatas today (Feb 1, 2005) asserted that it was progressing ahead with its plans and feasibility studies for $ 2 billion investment in accordance with agreement with the neighbouring Government.
Toyota Kirloskar withdraws Qualis from market Toyota Kirloskar Motor (TKM) announced the withdrawal of its best selling model, the Qualis, from the Indian market today (Feb 1, 2005) and said it would give way for a more modern and customer value driven new vehicle.
Sensex ends 3 points down amid erratic movements In erratic movements, the market today (Feb 1, 2005) ended with a minor fall even as majority of blue chip counters suffered a sharp setback as investors booked profits at the higher levels despite fresh FII inflows.
EPFO exploring feasibility of equity investment In a bid to earn higher return for its four crore subscribers, the country's biggest provident fund EPFO (Employees Provident Fund Organisation) is exploring the possibility of investing a small portion of its assets in equities.
ABB India profits jumped by 49 pc at Rs 154.3 cr ABB India, the Indian subsidiary of Swedish power equipment giant ABB, today (Feb 01, 2005) said that its profits jumped by 49 per cent at Rs 154.3 crores for the year 2004, as against Rs 124.2 crore during 2003.
Gross tax collections up 18 pc at Rs 1,94,231 cr Reflecting buoyancy in revenue sector, the Centre's gross tax collection grew by over 18 per cent to Rs 1,94,231 crore in the first nine months of this fiscal mainly due to robust growth in direct tax mop-up.
Govt asks ITC to pay Rs 450 cr for excise evasion The Government yesterday (Jan 31, 2005) asked cigarette major Indian Tobacco Company to pay additional Rs 450 crore in connection with an excise evasion case following issuance of an ordinance that changes the definition of retail price.
Sensex weak after strong start on profit booking The sensex turned weak after a strong start and moved downwards during morning trading on the Bombay Stock Exchange (BSE) today (Feb 01, 2005) due to resistance at higher price levels and lack of any worthwhile buying support.
INTERNATIONAL Aiyar invites US Energy Secretary to visit India Buoyed by the reception of the "Road Show" in Houston to develop an interest in India's oil and gas sector, Petroleum and Natural Gas Minister Mani Shankar Aiyar said that he has invited the new US Energy Secretary, who will take office soon, to visit New Delhi.
