NATIONAL Govt rules out excise cut on petroleum products Ruling out cut in excise duties on petroleum products as of now, the government today (December 2, 2005) said it was considering a "EET" system for taxing savings instruments only during withdrawals, as recommended by an expert panel.
Bombay HC adjourns RIL petition on demerger scheme The Bombay High Court today (Dec 2, 2005) adjourned till December five a petition filed by Reliance Industries Ltd (RIL) seeking approval of the proposed demerger scheme as a settlement between Ambani brothers, Mukesh and Anil.
No proposal to revise GPF, PPF rates: State FM Government today (December 02, 2005) said there was no proposal to revise the interest rate on provident fund for government and private sector employees (GPF and PPF) from the present eight per cent, and the EPF rate for 2005-06 is yet to be decided by the Central Board of Trustees.
Sensex hits new peak at 9057.97, takes downturn The sensex today (Dec 2, 2005) once again touched a new peak of 9057.97 before succumbing to heavy nervous selling to close at 8961.61 following news that a former minister was alleged to have been involved in Iraq's oil-for-food scam.
New BIAL Chairman to be decided in January: Sindhia The new chairman of the Bangalore International Airport Authority Limited (BIAL) in place of celebrated technocrat N R Narayana Murthy who quit the post amidst a controversy is expected to be decided in January.
Telcon company plans to invest Rs 200 crore Leading construction equipment company Telcon plans to invest Rs 200 crore to support its R and D in the next few years, a senior company executive said.
Telcon's new age excavators for roads & urban dev Telcon, a Joint Venture Company of Tata Motors Ltd., and Hitachi Machinery Co. Ltd. Japan yesterday (Dec 1, 2005) launched their new age smart excavators ZAXIS 120H and ZAXIS 450H.
FM expects sensex to rise; investor confidence high Buoyed by the booming capital market with BSE index crossing the 9000 mark, Finance Minister P Chidambaram today (Dec 2, 2005) expected the market to rise further on the back of increasing investor and business confidence and assured that he was keeping a close watch on it.
Sensex hits new peak at 9057.97 during morning trade The Bombay Stock Exchange Benchmark 30-share Index (Sensex) opened with a wide gap of 66 points and later spurted to a new peak at 9057.97 during morning (Dec 02, 2005) trading on the back of sustained FII inflows coupled with heavy buying support from operators and retailers.
Air Deccan connects Hyderabad with Nagpur, Pune, Goa Air Deccan India's first low cost carrier yesterday Dec 01, 2005) announced the launch of direct daily flights from Hyderabad to Nagpur, Pune and Goa starting 10th December 2005.
INTERNATIONAL Ranbaxy Laboratories Ltd offers generic Tamiflu to US Leading Indian pharmaceutical company Ranbaxy Laboratories Limited (RLL) has offered to provide oseltamivir phosphate capsules (generic version of Tamiflu) to the United States healthcare system to meet the possible threat of Avian flu if asked by the American government or its innovator Roche Laboratories Inc.
