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Home -> Finance -> News

NATIONAL
SC stays states from levying ST on net services
The Supreme Court today (Sept 26, 2005) restrained all the State Governments from levying sales tax and VAT running into crores from telecommunication service provider VSNL for its internet services offered throughout the country.

PM to chair full Plan Panel meet, review agriculture
Prime Minister Manmohan Singh will chair the full Planning Commission meeting here tomorrow (Sept 27, 2005), which is to review the progress made in agriculture and discuss ways to increase farm sector growth.

'Will not reduce ST on petrol, diesel in the state'
Coming down heavily on the Centre for having raised the prices of petrol and diesel five times in a year, Tamil Nadu Chief Minister Jayalalithaa today (Sept 26, 2005) ruled out a reduction in the sales tax on petrol and diesel to make these products cheaper in the state.

BDK to step-up their North American operations
BDK India one of the leading Indian manufacturers of Valves and Pumps today (Sept 26, 2005) announced that its products have received the safety and quality certification issued by TSSA (Technical Standards & Safety Authority) Canada for its products: Diaphragm Valves, Butterfly Valves, Plug Valves and PFA lined Valves.

Govt moots joint ventures in Defence production
With private participation in Defence production failing to take-off, the Government today (Sept 26, 2005) suggested transfer of technology through joint ventures to Indian private industry for strengthening the country's Defence industrial base.

Sensex zooms over 200 points at mid-session today
The Bombay Stock Exchange benchmark share index zoomed by over 200 points at mid-session today (Sept 26, 2005) on hectic buying in index-related stocks by funds amid short covering by punters.

Solar activity forces BSE to change trading timings
The National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) have decided to change their trading timings from today (Sept 26, 2005) till October 7, as VSAT services might get disrupted during this period due to heavy solar activity.

Netscribes completes 1 year of ISO compliance audit
Netscribes India Limited, India's first and one of the country's leading Knowledge Outsourcing Solutions firm announced the successful completion of the first full year of compliance to the ISO 9001:2000 international quality standards.