NATIONAL Tatas serve termination notice to Birla; Idea issue Serving a 'termination' notice to their partner for "breach of shareholders agreement", Tatas have said that they would proceed to purchase the shareholding of the AV Birla group in joint venture Idea.
FM offers to remove obstacles to 12 pc manufacturing In an unusual offer, Finance Minister P Chidambaram today(Mar1,2006) invited trade and industry leaders to meet him on May one with a list of potential obstacles to 12 per cent growth in manufacturing, which he promised to address.
'No positive steps for power and labour reforms' The Southern India Engineering Manufacturers' Association (SIEMA) has expressed happiness that the Finance Minister, P Chidambaram has taken note of its representation positively and extended the SSI exemption of rs.one crore limit only to pumpset manufacturers conforming to BIS specifications.
Budget focuses on pushing farm growth to 4 pc: FM Finance Minister P Chidambaram today(Mar 1,2006) said the Union Budget aims at pushing farm growth to our per cent without which a high 10 per cent economic growth would not be possible.
Sensex touches new peak of 10,426.50 in early trade Taking the Budget in its stride, the stock market today(Mar1,2006) continued its upward march after opening steady and even touched a new peak of 10,426.50 during morning trading on the back of sustained FII inflows and selective buying support from operators.
Budget for growth, ridding nation of poverty: FM Economic growth, the best antidote available for poverty, was the aim of Budget 2006-07, Finance Minister P Chidambaram said today (Feb 28 2006), as he discounted opposition criticism that it was "pro-rich."
Government ignoring suggestions on Budget: Left The government's key Left allies today (Feb 28 2006) criticised the Budget for failing to address several vital problems, especially those faced by the peasantry and the unemployed, but said it broadly followed the thrust of the UPA's National Common Minimum Programme (NCMP).
