Month: April 2009

Why Banking cash transaction tax abolished from April 1 ?

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In the latest move, the government has abolished banking cash transaction tax (BCTT) from April 1 as decided earlier. Now, the taxpayers will not have to shell out the charges on withdrawal of cash from banks. In the fiscal 2005, the government had introduced 0.1% BCCT on cash withdrawals of more than Rs 50,000 (individuals) and … Read more Why Banking cash transaction tax abolished from April 1 ?

Plethico Pharmaceuticals Projects PAT margin of 16%

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Plethico Pharmaceuticals declared the results for the quarter ended & year ended December’08 and held a tele conference call on 1st April 2009 to discuss the results and its future growth strategies. The key takeaways from the con- call are as follows: Financial Performance Net sales declined by 3% to Rs 116.97 crore for the … Read more Plethico Pharmaceuticals Projects PAT margin of 16%

Voltas – Visibility in international order book for next one and half years

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Voltas held a conference call to discuss about the Middle East order book position update. Highlights of the call As on Dec’08, the international order book position in Electro Mechanical Projects stood at Rs 4200 crore. After execution of orders in Mar’09 quarter, the order book position on Mar’09 will be lower because of lower … Read more Voltas – Visibility in international order book for next one and half years

Sunil Bharti Mittal Tastes Failure – To exit Mutual Fund JV business with AXA

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Do what you are good at and not to diversify in unrelated areas 🙂 The Telecom Czar Sunil Bharti Mittal is now tasting Failure in Mutual Fund Business. Bharti Enterprises is planning to end its mutual fund joint venture business in India with France-based AXA. In the mutual fund JV Bharti holds 25% stake through … Read more Sunil Bharti Mittal Tastes Failure – To exit Mutual Fund JV business with AXA