Saturday, January 8, 2000
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Tax IT firms, urge corporate czars

Leading industrialists on Friday asked for imposition of tax on information technology companies as well as the rest of the service sector. They have also demanded removal of surcharge on corporate and personal income tax.

VSNL slashes ISDN, Net tariffs

Videsh Sanchar Nigam (VSNL) has announced steep cuts in the tariffs of international private leased lines, integrated services digital network (ISDN), Web hosting and Internet.

IT scrips lose sheen; cyclicals rule roost

Five trading sessions into the new year and we have a market split vertically into two, across the board. It's IT vs non-IT. All IT stocks are clearly on the losing side and the winners are a combination of economy sensitive stocks led by Reliance Industries and State Bank of India.

Skoda India drops demand for tax sops for car project

Skoda India and Volksawagen group have dropped their demand for special treatment in respect to sales tax concession being given to mega projects being set up in Marathwada region.

Naidu ropes in the Big Three for IT panel

Using the best of his persuasive skills cyber-CM N Chandrababu Naidu has managed to rope in the three to form an IT Steering Committee for AP (ITSAP), a six-member think tank for IT policy and e-governance in the

Executive Briefings

bullet.jpg (687 bytes) Telco gets octroi relief for Indica project

bullet.jpg (687 bytes) HLL initiates pilot project to book orders online

bullet.jpg (687 bytes) Daewoo to unveil Millennium Matiz, CNG Cielo next week

bullet.jpg (687 bytes) Maruti plans test runs for Baleno, wago-R versions

bullet.jpg (687 bytes) BoB likely to tap capital market

bullet.jpg (687 bytes) RBI to list norms on banks' non-SLR investments soon


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