NATIONAL 'New comprehensive Income Tax Bill by next fiscal' A new comprehensive Income Tax bill will be drawn up by the next fiscal end to clean up the complex and archaic laws, Finance Minister P Chidambaram said today (Mar 4, 2005).
BSE: Sensex breaches 6800-mark; ends at 6849.48 The Sensex today (Mar 4, 2005) touched yet another milestone, breached key resistance levels and spurted to life-time closing high of 6849.48 at the stock exchange, propelled by sustained hectic all-round buying, led by foreign funds active participation.
Finance Ministry justifies sun set clause on SEZ The Finance Ministry today (Mar 4, 2005) defended the budget proposal on a sun set clause for tax sops to special economic zones (SEZ), saying it is a normal practice in any kind of fiscal concessions.
Nokia to set up $ 150 mn production unit in India Global giant Nokia would set up a manufacturing plant in India with an investment in the region of $ 100 million and $ 150 million, a senior company executive said today (Mar 4, 2005).
Sensex soars to a new high of 6849.31 at midsession The Sensex soared further to touch another record high of 6849.31 points during the mid-session on Bombay Stock Exchange (BSE) on persistent heavy buying activity.
Inflation falls to a 40-month low of 4.83 per cent After remaining unchanged in the previous week, inflation fell to 40-months low of 4.83 per cent during the week ended February 26 due to cheaper edible oils, vegetables and some of the manufactured products despite higher global oil prices.
TDSAT bench dismisses Reliance Infocomm's petition Telecom Dispute Settlement and Appellate Tribunal (TDSAT) today (Mar 4, 2005) dismissed Reliance Infocomm's petition challenging a penalty of Rs 150 crore imposed on it by Government for violation of licensing norms.
Sensex crosses magic 6800-mark at opening session The Sensex continued to scale new highs and shot up to cross the magical figure of 6800-mark within the first five minutes of trading at the opening session on the Bombay Stock Exchange (BSE) today (Mar 4, 2005) on frantic buying.
