The Telegraph - Calcutta : Business

| Monday, July 12, 2004 |

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Second-degree burn for oil firms

The move to slash the subsidy on LPG and kerosene to Rs 3,500 crore from Rs 6,300 crore in 2002-03 and the 2 per cent education cess slapped on customs and excise duties is bound to put a higher burden on oil companies. The double whammy comes a ... | Read..

Tax breaks spark food unit rush

Palaniappan Chidambaram’s planned investment commission never had it so easy. ... | Read..

More powers for tax officers on valuation

The powers of income tax assessing officers are being strengthened through a new section 142A, which will have retrospec ... | Read..

SPS to merge group firms

SPS Steel Rolling Mills and SPS Sponge Iron will be brought under one roof to consolidate steel production at the Calcut ... | Read..

Shipping sees growth anchor in tonnage tax

The finance ministry has stipulated that shipping companies opting for tonnage tax will have to earmark 20 per cent of t ... | Read..

The move to slash the subsidy on LPG and kerosene to Rs 3,500 crore from Rs 6,300 crore in 2002-03 and the 2 per cent education cess slapped on custom ... | Read

Infotech army swells, so do the barracks
Infotech majors like Infosys, Wipro and TCS are investing in guest houses and residential campu.. | Read..

Finally, end of the road for Contessa
It’s curtains for Contessa — the Hindustan Motor sedan that guzzled enough money and gas to sca.. | Read..

Seeds of hope for farm deal

India and five key trade powers today said there was some “convergence of ideas” on a global framew.. | Read..

Foreign funds pat PC for trapeze act

The Union budget appears to have given foreign institutional investors (FIIs) a leg-up... | Read..

Banks may help sell old-age savings plan

The Union Budget for 2004-05 proposes to expand the distribution channels for savings products. The.. | Read..

KPMG to study local mobile hub

The manufacturing committee, set up in association with the ministry of IT, has appointed KPMG to p.. | Read..

Mahindras gear up for launch flurry

Mahindra & Mahindra Ltd (M&M) has developed new models to improve its competitive position .. | Read..

Escorts mulls JV in China

Escorts plans to float a joint venture in China to sell and service tractors in collaboration with.. | Read..

CORPORATE BRIEFS

Centurion Bank on fast track

PERSONAL FINANCE

Q & A: Nearest & dearest

Varishtha holders secure