NATIONAL Indirect tax collections up 14 pc: Finance ministry The Finance Ministry today (Jun 13, 2005) said it collected Rs 24,643 crore through indirect taxes in the first two months of this fiscal, up 14 per cent from Rs 21,692 crore collected during the corresponding period last year (2004).
Aircraft engine-testing unit in B'lore soon: NAL National Aerospace Laboratories (NAL) and Canada-headquartered global aircraft engines major Pratt & Whitney will set up a joint testing facility in Bangalore, for compressors and gas turbines in the aviation sector.
Sensex recovers 51 pts to end above 6800-level In volatile trading the Sensex today (Jun 13, 2005) recovered smartly by 50.69 points due to fresh bouts of buying at lower level and after crossing the 6800-level, closed at 6832.68 on the stock exchange, Mumbai (BSE).
IT data & network storage market to boom in 2005! The IT data and network storage market in India is poised for major growth with the small and medium scale sector expected to increase its storage expenditure by 150 per cent in 2005 over the $43.2 million spent last year.
Maruti announces Rs 16,000 price-cut for 'M800' To check sagging sales of its once bread-and-butter 'M800' model, the country's biggest carmaker Maruti Udyog Ltd today (Jun 13, 2005) announced a Rs 16,000 price cut, taking it below the Rs two lakh mark.
Sensex falls by 23 points during morning trading The Sensex today (Jun 13, 2005) opened firm, but soon met with fresh offering and turned sharply weak during the opening session at the Bombay Stock Exchange (BSE) and was quoted 23.16 points lower at 10:30 hrs (IST).
INTERNATIONAL India signs $22-bn deal with Iran to import LNG India today (Jun 13, 2005) signed a $22-billion contract to import five million tonnes of liquefied natural gas (LNG) per annum from Iran beginning 2009-10 and struck deals to invest in oil and gas fields and petrochemicals plant in the oil rich Persian Gulf nation.
Nokia sees India & China driving cellular growth Identifying India and China as engines of mobile phone growth, Finnish cellular handset maker Nokia today (Jun 13, 2005) said global mobile phone users would swell to three billion by the turn of this decade.
'Decision on India-Pak gas pipeline in 2 weeks' A decision on the multi-billion-dollar gas pipeline between Iran and India, which will pass through Pakistan, will be made in two weeks, a senior Iranian Minister said in Kuala Lumpur today (Jun 13, 2005).
