The Telegraph
Since 1st March, 1999
Email This Page
Business Briefs

Indirect tax kitty up 25%

New Delhi, Oct 13: Indirect tax collections by the government rose over 25 per cent to Rs 15,132.65 crore in September. Total revenue collection from indirect taxes during the first six months of this fiscal was up by 12.23 per cent to Rs 74,510.45 crore. During the first half of this fiscal, customs duty collection was Rs 25,216.91 crore, registering a near 9 per cent rise from Rs 23,167.96 crore in April-September last fiscal.

ONGC plan

New Delhi, Oct 13: The government today approved Oil and Natural Gas Corporation's plans to buy back shares held by Indian Oil in the company. Petroleum minister Mani Shankar Aiyar said the doleout of over Rs 10,000 crore for the buyout would not impact ONGC's focus on core business of oil and gas exploration and production.

Tata Steel

Mumbai, Oct. 13: Foreign institutional investors have raised their stake in Tata Steel by over 2 per cent to 11.98 per cent during the second quarter ended September 30.

Auto sales

New Delhi, Oct 13: Driven by Maruti, Hyundai and Tata Motors, car sales soared 24.1 per cent in September 2004 for the sixth consecutive month, raising hopes of good second-quarter profit for automakers. A total of 70,492 units were sold over 56,765 cars in September 2003.


New Delhi, Oct 13: Cybermedia, the Rs 58-crore publication group, will enter the capital market with an initial public offer by the end of next month to raise Rs 17 crore to fund expansion projects, including international publications.

Email This Page