NATIONAL K'taka revenue earnings decline by 5 pc in 6-months Karnataka's revenue earnings have registered a five per cent decline in the last six months after the state moved over to VAT regime, prompting it to claim reimbursement of Rs 600 crore loss from the Centre, state's Finance Minister P G R Sindhia said today (Nov 17, 2005).
SEBI to streamline IPO norms; launch new products Securities and Exchange Board of India will shortly revise norms for public offers and unveil a slew of products for secondary and derivative markets.
Budget 2007 to simplify FBT, rationalise taxes Government may simplify Fringe Benefit Tax, rationalise tax structure and depreciation norms for R&D in the next Budget, apart from making efforts to raise the Tax-GDP ratio and garner more funds for development.
Sensex up by 54 pts, ends past 8600 mark after Oct 5 Overcoming early resistance, stocks continued their upward march and the sensex today (Nov 17, 2005) gained by 54 points to end past 8600 level for the first time in six weeks, driven by fairly good buying support from operators as well as domestic mutual funds amid slowdown in Foreign Institutional Investors (FII) inflows.
AAI taps capital mkt to fund airport modernization The Airports Authority of India (AAI) would enter the capital market to raise resources for funding the modernisation of about 30 airports across the country, for which an estimated Rs 40,000 crore is required.
SBI to re-enter Pak for increasing presence in SAARC State Bank of India is planning to re-enter Pakistan and increase its presence in other South Asian countries, its chairman A K Purwar said today (Nov 17, 2005).
RIL invites notices responding on demerger scheme Moving closer to demerger of power, telecom and financial businesses from it, Reliance Industries today (Nov 17, 2005) invited notices in support or against the demerger petition, which would come up for hearing in the Bombay High Court on November 25.
Sensex turns weak during morning trade, 15 pts down The Bombay Stock Exchange Benchmark 30-share Index (Sensex) today (Nov 17,2005) turned weak after a promising start and was quoted 15 points down during morning trading due to profit booking at higher levels by operators and slowdown in Foreign Institutional Investors (FII) inflows.
Infosys dons the role big brother in Indian IT space Riding the up trends in the markets on Wednesday (Nov 16, 2005) major Infosys once again donned the role of big brother of Indian IT companies, ousting Tata Consultancy Services.
INTERNATIONAL Business School Bulls let loose in the markets Manfest 06, The annual business event of IIM Lucknow in association with Karvy Stock Broking Ltd has launched a unique and mind blowing event called 'Go-Trade'.
