NATIONAL 'Financial sector reforms to push GDP growth to 8%' Unveiling the reform agenda for the coming months, Finance Minister P Chidambaram today (Nov 16, 2005) said the government would give top-most priority to make financial sector efficient for channelising savings to attain a higher 8 per cent growth.
BCTT yields results, rules out Transaction Tax: FM Finance Minister P Chidambaram today (Nov 16, 2005) said the new Banking Cash Transaction Tax imposed this year has started yielding results by helping authorities keep a track on black money.
"Yes, it has yielded results. We have identified large number of tax payers. I can't disclose specific cases. We have detected a case in which a person operated from 200 accounts," Chidambaram told the annual economic editors conference here.
Govt examining various models of FDI in retail Left Parties opposition notwithstanding, the Government today(Nov 16, 2005) said it was examining various models of Foreign Direct Investment (FDI) in retail sector.
BSE: Sensex shoots up by 102 points to 8595.92 Bolstered by sliding crude price and strong economic fundamentals, the Sensex today (Nov 16, 2005) shot up by a hefty 102 points to end at 8595.92 on heavy purchases by Foreign Institutional Investors (FIIs) amid indications on putting disinvestments programme once again on the track.
Money Gram Int'l looking to open office in India Money Gram International, a leading global payment services company, has applied to the Government of India to establish an office in Mumbai to support its agents in expanding the money transfer business in India.
Suguna Poultry chooses IBM's Oracle applications Suguna Poultry Farm Ltd (Suguna), a leading poultry company in India, has chosen IBM to implement Oracle E-Business Suite (Oracle Applications), a first of its kind implementation in the Indian poultry-farming sector.
Nasdaq all praise for Infosys, invites more firms All praise for N R Narayanamurthy and his company Infosys, premier US stock exchange Nasdaq yesterday (Nov 15, 2005) invited more Indian firms to get listed in the bourse to graduate into global corporation.
Torry Harris to hire 250 professionals in India New Jersey-based Torry Harris Business Solutions, a leading provider of services in the Middleware Technology space, plans to hire 250 professionals in India by the third quarter of calendar year 2006 to scale up operations in this country.
'Disinvestment in non-Navratna PSUs by fiscal end' The Government's disinvestment programme, which derailed following opposition from the Left parties, is set to take off again with Finance Minister P Chidambaram announcing that some profit-making non-Navratna PSUs had been identified for selling minority stakes by the end of this fiscal.
Mahindra-BT acquires Axes Technologies for $54 mn Mahindra-British Telecom (MBT), a leading provider of solutions to the telecommunications industry, has entered into a definitive agreement to acquire Taxas-based Axes Technologies for a total consideration of US$ 54 million, it was announced here today (Nov 16, 2005).
Sensex continue upward march, up by 51 pts in trade The Bombay Stock Exchange Benchmark 30-share Index (sensex) continued its upward march and was quoted 51 points up during morning trading on heavy buying support prompted by strong economic fundamentals and easing global oil prices.
