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Wednesday, April 04, 2007
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Twin customs levies on cement scrapped
The initiative is aimed at checking inflation

BHEL keen on MNC collaboration
To take up manufacture of nuclear plant equipment

20 p.c. circuit filter on `de-merged shares' trading
To curtail large price movements on first day trading

Sensex recovers 169 points
MUMBAI: The stock markets partially recovered from the devastating impact of the Reserve Bank of India's rate hikes and the Sensex gained 169 points on Tuesday on emergence of buying support from foreign funds on the back of firm Asian cues. ...

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Barometer


Briefly
Service tax return form revised
NEW DELHI: The Central Board of Excise and Customs has revised the Service Tax Return Form (ST-3) to facilitate electronic filing of returns and include changes in the tax laws and procedures in the last two years. The taxpayers will have to use ...

DoT gives clean chit to Vodafone
NEW DELHI: The Union Communications Ministry on Tuesday gave a clean chit to Vodafone, which acquired Hutch-Essar, saying that no licensing condition was violated by the company. "As far as we are concerned, Vodafone did not violate any ...

Hershey buys 51 p.c. in Godrej Beverages
MUMBAI: North America's confectionery major Hershey Company on Tuesday agreed to form a joint venture with Godrej Beverages and Foods Ltd. (GBFL), in which it would acquire 51 per cent stake, to manufacture and distribute confectionery and ...

Siemens reschedules open offer
MUMBAI: Siemens has rescheduled its open offer worth Rs. 19.70 crore to the shareholders to acquire 20 per cent stake in Bayer Diagnostics India Ltd. The company would pay an interest of Rs. 30.49 per share over the original offer price to ...

Karnataka Bank business crosses Rs. 23,500 cr.
MANGALORE: Karnataka Bank has achieved a business turnover of over Rs. 23,500 crore as of March 31, 2007. Unveiling the road map for the current fiscal, Ananthakrishna, Chairman of the bank, said in a release that the bank aimed at achieving ...

Hexaware inaugurates Gurgaon centre
CHENNAI: : Hexaware Technologies has inaugurated its fourth development centre in India at Gurgaon, New Delhi. The 12,949 sq. ft. facility is the company's first centre in North India, says a release. It has a seating capacity of 150 and will ...

Orchid to foray into Canadian generics market
CHENNAI: : Orchid Chemicals & Pharmaceuticals Ltd. has announced that it has received formal approval from the Canadian Therapeutic Product Directorate for two of its Abbreviated New Drug Submission applications - Cefoxitin and Ceftriaxone. ..

Prudential ICICI Mutual Fund changes name
CHENNAI: : The name of Prudential ICICI Mutual Fund has been changed to ICICI Prudential Mutual Fund with effect from April 2, 2007, to reflect the change in the shareholding pattern of ICICI Bank and Prudential Plc (with effect from August 2005) ...

Accenture expands Hyderabad centre
HYDERABAD: : Accenture will expand its Hyderabad delivery centre in Mindspace IT Park to accommodate about 4,000 people. This is part of the company's plan to increase its India workforce by 52 per cent this year to 35,000 employees. According to ...

BEL achieves record turnover
BANGALORE: Bharat Electronics Limited (BEL) has recorded its highest ever turnover of Rs. 3,960.38 crore (provisional) for the year 2006-07, an increase of 12 per cent over the previous year's turnover of Rs. 3,536 crore. The estimated profit ...




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