NATIONAL Infosys ups FY 05-06 dollar revenue guidance Infosys Technologies Ltd has marginally raised its earnings estimate in dollar terms for the current financial year due to a change in accounting requirements under US rules.
Highlights of changes made in the Finance Bill Lok Sabha today (May 2, 2005) passed the Finance Bill, 2005, giving effect to the direct and indirect tax proposals contained in the Budget by voice vote.
Govt fails to convince CPI on petrol price hike The Government will hold another round of talks with Communist Party of India (CPI) on the proposed hike in prices of petroleum products after today's (May 2, 2005) inconclusive discussions.
Sensex recovers by 41 points to close at 6195.15 Led by oil shares, the Sensex today (May 2, 2005) recovered by 40.71 points to close at 6195.15 on the Bombay Stock Exchange (BSE) on emergence of fresh buying activity boosted by fall in global oil prices.
Housing loan rates may go up by 25 to 50 bps The interest rates on housing loans are expected to go up by 25 to 50 basis points in the coming months but it would not affect demand from retail borrowers, an industry official said today (May 2, 2005).
Govt to step up investments in agriculture: Pawar Government has decided to step up investments in agriculture through introduction of marketing reforms for promoting public-private partnership, Agriculture Minister Sharad Pawar said in the Lok Sabha today (May 2, 2005).
Government proposes to dilute Fringe Benefit Tax Government has proposed to dilute the controversial Fringe Benefit Tax, exempt savings account from the 0.1 Banking Cash transaction tax and raise income tax exemption limit for women and senior citizens.
Sensex bounces back; up by 22.39 pts in early trade The Sensex today (May 2, 2005) bounced back during the opening session on the Bombay Stock Exchange (BSE) on emergence of heavy buying activity at lower level and was quoted 22.39 points higher.
INTERNATIONAL Maruti hikes prices of select models; M800 spared Faced with rising input costs, Maruti Udyog Ltd today (May 2, 2004) effected a price hike, including on the popular 'Alto' model, but made no changes in the prices of entry-level car 'M800' and multi-utility 'Gypsy'.
