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Business Briefs

Direct tax collection up 9 %

New Delhi, Sept. 18: Direct tax collection grew by 8.6 per cent to Rs 17,381 crore till September 15 this fiscal mainly on account of positive growth in both corporate and income tax mopup. While collections in corporation tax grew by 8.9 per cent to Rs 5,464 crore during April-September 15, income tax was up by 8.5 per cent at Rs 11,917 crore.

Nalco bid

New Delhi, Sept. 18: Swadeshi Jagaran Manch today demanded that the Birla Group be barred from bidding for Nalco.

Audit report

New Delhi, Sept. 18: ICAI has said that the revised format of the audit report, brought in March this year, is in no way a dilution of the scope of the audit. It is an attempt to harmonise the reporting practices existing in India with the reporting requirements prevalent abroad.

SAIL move

Mumbai, Sept. 18: Steel Authority India Limited (SAIL) has decided to discontinue the acceptance and renewal of public deposits with effect from Thursday.

Brokers barred

Mumbai, Sept. 18: Sebi has suspended two BSE brokers, from October 1, for involvement in manipulation of Amara Raja Batteries Ltd share during August 2000 and March 2001.

Oil prices up

London, Sept. 18: World oil prices jumped 41 cents to $28.38 a barrel after US data showed a big pre-winter drop in inventories.


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