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Bajaj Auto net drops due to tax provision
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Business Line - 0:00
MUMBAI, Oct. 23 THE impact of higher tax transformed Bajaj Auto ( BJAT.BO , news ) Ltd's (BAL) 50 per cent growth in gross profit for the second quarter of 2002-03 into an eight per cent drop in net profit at Rs 132 crore (Rs 143.7 crore). ...
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No immediate cut in petro product prices
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Business Line - 0:00
NEW DELHI, Oct. 23 IF you thought that the drop in global crude prices by $1.5 per barrel over the last 10 days was good enough to expect lower prices of petrol and diesel to tank up your vehicles, forget it. ...
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Excise waiver may stay for mass consumer goods
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Business Line - 0:00
NEW DELHI, Oct. 23 CONSUMERS may have reason to breathe easy with the Finance Ministry thinking of retaining the current excise duty exemption for a large number of mass consumption goods. ...
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No place for Central sales tax in VAT regime: CII
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Business Line - 0:00
NEW DELHI, Oct. 21 THE Confederation of Indian Industry (CII) is convinced that there is no place for non-VATable Central Sales Tax (CST) in a Value-Added Tax (VAT) regime that should ideally be based on the destination principle. ...
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CII study draws lesson from Chinese growth
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Business Standard - 23:58
A Confederation of Indian Industry (CII) and McKinsey study has called for a reduction in import duties, simplification of indirect tax and labour laws, and elimination of small-scale industry incentives to revive the manufacturing sector in the country. ...
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Crisil reaffirms ratings for Xerox NCDs
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moneycontrol.com - 16:43
Credit Rating Information Services of India, Crisil ( CRSL.BO , news ) , has reaffirmed its rating for Xerox Modicorp's financial instruments including the Rs 20 crore (Rs 200 million) non-convertible debentures, NCDs, (A+) and the Rs 25 crore (Rs 250 million) commercial paper (P1), reports PTI. ...
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HCL Infosystems' Q1 net profit is Rs 11.1 crore
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moneycontrol.com - 15:13
HCL ( HCLL.BO , news ) Infosystems has posted a net profit of Rs 11.1 crore (Rs 111 million) for the first quarter ended September 30 as against 12.47 crore (Rs 124.7 million) in the same quarter last year, reports Reuters. ...
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Cash-strapped TN sugar mills seek purchase tax waiver
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Business Line - 0:00
CHENNAI, Oct. 20 THE sugar mills in Tamil Nadu are looking to the State Government to waive purchase tax on sugarcane to enable them to tide over the cash crunch and make sugarcane payments to farmers, according industry sources. ...
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8 pc rise in Bengal tax collections
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Business Line - 0:00
KOLKATA, Oct. 18 THE net tax collections of the West Bengal zone (which includes the Andaman & Nicobar Islands and Sikkim) of the Income Tax Department for the first nine months of the current year have shown an increase of eight per cent. ...
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