CEOs see high growth

New Delhi, March 6: A snap poll of CEOs conducted by the Confederation of Indian Industry showed 87 per cent of the respondents optimistic about a growth rate of 6 per cent to 7 per cent in 2005-06. Fifty-four per cent of those questioned felt that inspite of a pause in achieving the fiscal responsibility act goals, the targets would be met. Around 73 per cent of the respondents felt that an increase in surcharge on dividend distribution tax from 2.5 per cent to 10 per cent would not bring about any significant reduction in corporate tax.

A-I move

Mumbai, March 6: Air-India (A-I) has taken three more Airbus A310s on lease from Singapore Airlines to introduce direct flights to southeast Asian destinations, including Hong Kong and Kuala Lumpur from Delhi and Mumbai. The aircraft have been taken on lease for a three-year period and will join the fleet by July 15.

IOC sales

Mumbai, March 6: Indian Oil Corporation (IOC) today said it was selling petrol on loss following excise duty hike on petroleum products in the budget and would take a hit of Rs 225 crore due to under realisation on petrol and diesel sales in March alone.

EPF savings

New Delhi, March 6: The finance ministry will soon set up an expert committee to work out the roadmap for moving towards a system where withdrawals from savings instruments, including employees? provident fund (EPF) and insurance policies, would be taxed.

JK Tyres rates

New Delhi, March 6: JK Tyres today slashed prices of its products across all categories by 2-4 per cent.