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Business Briefs 07-09-2005

Tata Tele move Trading off Fringe relief Videocon Shopping mall

The Telegraph Online Published 06.09.05, 12:00 AM

Tata Tele move

New Delhi, Sept. 6: In a ?goodwill gesture?, Tata Teleservices today withdrew a petition it had filed against Reliance Infocomm before the TDSAT, in which it had accused the latter of not providing interconnection in 12 new circles. ?We are withdrawing the petition as a goodwill gesture to Reliance Infocomm,? said a spokesperson for Tatas. Reliance officials confirmed the development and said Tata Teleservices have been getting interconnection in various circles.

Trading off

Mumbai, Sept. 6: The Bombay Stock Exchange, National Stock Exchange, forex, commodity and money markets will remain closed tomorrow on account of Ganesh Chaturthi.

Fringe relief

New Delhi, Sept. 6: Expenditure by employer on get-together of employees and their families on Independence Day and Republic Day celebrations will not attract the fringe benefit tax, while such outlays on Diwali, Id, Christmas and New Year will be taxed.

Videocon

Mumbai, Sept. 6: Videocon Industries Ltd today said a meeting of shareholders, secured and unsecured creditors would be held on September 26 to consider the merger of Videocon International Ltd with the company.

Shopping mall

Calcutta, Sept. 6: A delegation from the Indonesian Mitra Adi Perkasa group will meet chief minister Buddhadeb Bhattacharjee on September 23 for building a shopping mall here. Bhattacharjee has said the group plans to set up ?India?s largest shopping mall? in the city.


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