Cauvery sell-out unlikelyCauvery Sugars and Chemicals is on the lookout for potential investors who could bring in about Rs 20 crore to bridge the gap in promoter's funding as per the BIFR package. Cauvery Sugars and Chemicals is in talks with many merchant bankers,foreign institutional investors and corporates to raise the necessary funds and is not for selling out.
TRAI's Net policy recommendations
The TRAI plans to table its recommendations on the Internet policy of the country in two to three months. Significantly, the TRAI had earlier invalidated the proposed Internet privatisation policy of the government on.
Gujarat ministry to expand today
The ten-day old Gujarat ministry, headed by Keshubhai Patel, will be expanded on Friday with the induction of about 24 BJP MLAs. SC for `re-examination' of verdict: The Supreme Court has called for a `judicial re-examination' of an earlier constitution bench judgement which had held that every organisation having employers and employees was an industry.
Deadline to file IT returns extended
The income tax department has extended the deadline for filing income tax returns for salaried class employees for financial year 1996-97 (assessment year 1997-98) to March 31, 1998. The last date for filing the returns was June 30, 1997. The employees have been urged by the department to file their returns in form 2C in time since no further extension will be given.
Srikrishna report during budget session
The Maharashtra government would table the Srikrishna commission's report on the 1992-93 Mumbai riots and March 1993 serial blasts in the forthcoming budget session of the state legislature.
Bullion weakens
Silver prices reacted sharply on the Mumbai bullion market on Thursay on heavy stockists' offerings on news of arrivals of fresh stocks and declined by Rs 110 per kg. Gold also turned distinctly weak on withdrawal of local buying coupled with weak overseas advices.
Gold demand up
Depressed international prices and liberalisation of gold imports raised the demand for gold by over 45 per cent in 1997 to record 737 tonne, according to the World Gold Council. The demand in the first quarter of 1998 was consolidating at the current high levels, it said.
Against anti-dumping duties
A majority of the European Union nations on Thursday voted against imposing provisional anti-dumping duties on unbleached cotton imports from six developing countries, including India, at a meeting in Brussels, Indian officials said.
Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
