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Home -> Finance -> News

NATIONAL
Infosys receives AS/EN 9100 Certification
Software major, Infosys has received the AS/EN 9100 Certification in Aerospace Systems, in endorsement of its strong internal audit program, well-defined process maps and excellent software tool integration and validation of software for aerospace systems.

Traders' strike against VAT evokes mixed response
The nationwide 3-day traders' strike against Value Added Tax (VAT) being implemented by 21 States from April 1 evoked a mixed response today (Mar 30, 2005) with wholesale markets remaining closed in major cities but retailers carrying out business in many places.

Sensex gains 14 points in highly volatile trade
After the overnight sharp plunge of 143 points, the Sensex today (Mar 30, 2005) witnessed a swing of about 79 points before ending with a moderate gain of 14 points in highly volatile trade largely attributed to the approaching end of current derivatives contract.

Traders begin three-day 'bandh' opposing VAT regime
Traders today (Mar 30, 32005) began a three-day nationwide strike demanding withdrawal of Value Added Tax (VAT) to be implemented from April 1.

BSE: Sensex up by 23 pts in volatile early stages
The Sensex today (Mar 30, 2005) opened moderately up after the overnight plunge by about 143 points and later fluctuated erratically in volatile trade at early stages of the session on the Bombay Stock Exchange (BSE) on some buying support from investors.

Maharashtra embraces Value Added Tax from April 1
The much-publicised Value Added Tax (VAT) will finally come into force in Maharashtra from April 1 after the Legislative Assembly passed an amendment in this regard yesterday (Mar 29, 2005).

INTERNATIONAL
'Earthquakes not to hit tourism growth in SE Asia'
Tsunamis, quakes or aftershocks may dampen tourist arrivals in the exotic Southeast Asian locales for some time, but the increased attraction of these destinations would not hamper overall growth in tourism in the region.

India needs to take big steps to open up trade: IMF
India needs to swiftly knock down trade barriers to open up its giant economy and drive growth, says an International Monetary Fund (IMF) staff report, which the Indian Government agreed to make public for the first time.