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Direct tax mopup

New Delhi, Feb. 5: The government recorded a 40 per cent increase in direct tax collection till January this fiscal at Rs 2,18,538 crore against Rs 1,55,576 crore a year ago. With this, the government has collected over 81 per cent of the budget target of Rs 2,67,490 crore. Corporate tax registered growth of 37.54 per cent at Rs 1,33,851 crore in the first 10 months of this fiscal, up from Rs 97,315 crore a year ago.

Cisco jobs

New Delhi, Feb. 5: Cisco will increase its employee base in the country six fold to 3.6 lakh in the next five years. According to an IDC report, there will be a demand for 1,37,000 networking professionals by 2009.


New Delhi, Feb. 5: Maruti Suzuki India today said it had no plans to develop a vehicle cheaper than its entry-level Maruti 800. The company, which enjoys a 50 per cent market share in the passenger car segment, also denied reports that it was developing a small car to compete with the Nano.

Natural gas

Calcutta, Feb. 5: Assam Company Ltd today announced the start of production of natural gas at Amguri 10B and Amguri 11 wells.

Tata Power

Mumbai, Feb. 5: Tata Power has tied up with the State Bank of India to secure Rs 3,115-crore debt to develop a 1,050MW coal- based power project in Jharkhand.

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