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Tax relief for export-oriented units (EOUs) is likely to be taken up by Commerce and Industry minister Kamal Nath. He would take up this issue with the Finance Ministry to extend the sunset clause to 31 Mar-13 from 31 Mar -10. The full tax rate on offshore profits would be deferred by three years – … Read more Indian IT Services – Sunset clause may be extended
Indian government is expected to announce additional borrowing for the rest of the current fiscal in the interim budget due on February 16. Government officials are saying that any additional borrowing which will be needed for the current fiscal will be reflected in numbers in the interim budget. Earlier, the Deputy Chairman of Planning Commission … Read more Additional Borrowing + 4% Excise Duty cut – Likely
One of the key anti-cyclic measures that government of India has been working on to halt the pace of slowdown is housing and civil constriction. However, despite a number of steps taken by Reserve Bank of India (RBI) to boost lending in housing sector, and lower rates of interest being offered by banks, credit off-take … Read more Home loans not taking off despite sweeteners
Tanu Healthcare’s Board at its meeting held on February 04, 2009, has considered and approved the merger of Blue Cross Generic, Indore with the Company, subject to the necessary permission being obtained from Stock Exchange and other appropriate authorities including Stock Exchange. Blue Cross Generics, Indore is a Company which has presence in the Medicinal … Read more Tanu Healthcare to merge Blue Cross Generic with the Company
Highlights of the Concall The throughput during quarter ended December 2008 stands at 3.22 million tonne. The company had tailored production to optimize crack margins by upgrading the entire Naphtha to Gasoline and HSD & maximization of middle distillates at 53%. Domestic sales of the company formed 78% of the total turnover (Rs 6551 crore) … Read more Essar Oil – Phase II expansion project delayed to December 2011
Anil Ambani lead Reliance Power has speeded up talks with various equipments major for striking a deal in a move to initiate work on the much delayed 7,480 mega watt power project in Uttar Pradesh. The company is currently negotiating with equipment majors such as General Electric (GE),Bharat Heavy Electricals (BHEL), Alstom and a couple … Read more Reliance Power speeds up negotiations for mega power project