NATIONAL No pressure from IMF and WB for VAT: Dasgupta The chairman of the empowered committee for Value Added Tax (VAT), Dr Ashim Dasgupta today (May 3, 2005) denied that the United Progressive Alliance (UPA) Government was keen to introduce the tax in the country due to pressures from the International Monitory Fund (IMF) and the World Bank.
Sensex ends with further gains, up by 22 points The Sensex today (May 3, 2005) gained further ground on the back of rally in select blue-chip counters and ended 21.62 points higher at 6216.77 on the Bombay Stock
Exchange (BSE) due to continued buying, even though the profit-booking trimmed the midway sharp gains.
Government calls-off strategic sale in 13 PSUs The sale of controlling stake in 13 public sector companies, which had been cleared by the previous Government, has been called off; Rajya Sabha was told today (May 3, 2005).
VeriSign announces $ 6 million investment in India US-based VeriSign Inc, a leading provider of intelligent infrastructure services for the Internet and telecommunications networks, today (May 3, 2005) opened its India Development Centre in Bangalore and announced $ 6 million investment in it for this year.
'Nikhil has no locus standi, not involved in talks' In a new twist to the ongoing battle between the Ambani brothers, younger sibling Anil today (May 3, 2005) questioned the role of Nikhil Meswani, Executive Director on the Board of flagship company Reliance Industries Limited (RIL), alleging that he was misleading the media and investors on family issues.
BSE: Sensex moves up by 23 pts in opening session The Sensex today (May 3, 2005) opened better and moved up further on increased buying at the opening session on the Bombay Stock Exchange (BSE) and was quoted 23 points higher at 10:30 hrs (IST).
INTERNATIONAL 'India to open retail sector to foreign investment' India plans to partially open its $ 190 billion retail industry, which has been growing as much as five per cent a year, to foreigners, Commerce and Industry Minister Kamal Nath has said.
