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News Brief Page : 1 News |
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Maturity is the capacity to endure uncertainty. .................................................................................................. Nod for Rs 20,000 Tax-free infra bonds The government gave its Nod for LIC, IDFC, IFCI and some non-banking financial companies to issue Rs 20,000 tax-free infrastructure bonds. .................................................................................................. Business News.............Neeta Nair Tax-free Car sales down Car sales in 2008-09 are expected to be flat, or negative, after recording double-digit growth in 2007 and 2008. Car sales, including those of utility vehicles, touched 15.47 lakh units, a 12% growth this fiscal.
Steel companies enhance voume India's largest steel makers are operating at full capacity after a 5-month lull that saw them cutting production, raising hopes that an economic recovery may just be round the corner.
Tax-free bonds to fund drug research venture Indian government to issue bonds up to Rs 10 k crore till 2020. The government aims to have one out of every five new drugs discovered by 2020 to be from India.
TRAI slashes fee for Telcos Cell bills to dip by 20%. Local and STD tariffs to fall 5-20%. For operators, revenue losses of hundred of crores. However calls to India to cost marginally more. But international calls may become cheaper.
Sebi sets ball rolling for peer review of audit firms India's capital market regulator Sebi has set up a panel of audit firms to review the working papers of statutory auditors of sensex and Nifty companies for FY08 and for the first 3 quarters of the current financial year.
Indian buys Vienn's historic bookshop Vienna's historic bookshop that faced bankruptcy was bought by an Indian Shipping magate, Vikram Naik, 53. It is the talk of the town here for having rescued Vienna's British Bookshop out of bankruptcy.
Indian Strawberry farmers happy Indian exports saw a big jump last year to 600 tonnes from 200 tonnes in 2006 and a Belgian firm has placed an order for 1000 tonnes this year. Growers are expecting some orders from Sri Lanka and Australia.
............................................................................................................................... Facts The
great Indian middle class (urban) has grown from 11.6 million to 27.5
million in the last decade
Uttar Pradesh has the largest number of registered papers in India. India’s
very rich have grown from 0.5 million to 2.1million in ten years These
are the consuming classes and constitute two-thirds of the mass market for
FMCGs In
a month, the urban household spends the most on food (above Rs 3,000) Servicing
loans and interest payments The
upmarket family spends almost Rs 800 on eating out and Rs 500 on
entertainment At
the bottom of the budget comes hygiene
(Rs 300) and newspapers and magazines (Rs 200) Bank
surveys say 43% of the urban
population has taken loans and 22% would like to take loans. Source:
NCAER and Platinum 2001, ORG-Marg ................................................................................................................................
India's export from the export oriented units and the special economic zones are growing by about 25 % and are expected to cross Rs. 50,000 crores during the financial year 2004-05.
According to analyst firm IDC, worldwide personal computer shipments in 2004 rose 14.7 percent year - on - year to touch 177.5 million units, but it is expected to slow down to 10 percent in 2005.
According to a study conducted by US-based Access Markets International Partners Inc., the medium scale sector in India spent $2.91 billion in 2004 on IT products and services, recording a 15 % growth over the same period in 2003.
According to the spices board, chilli exported a record shipment of 1.14 lakh tonnes valued at Rs.421.21 crores during April-January 2004-05 as against a target of 75,000 tonnes, valued at Rs.315 crores.
Export of petroleum products jumped 66.1 percent to 1.454 million tonnes in January 2005 when compared with 8,75,700 tonnes of products in the corresponding period last year. ................................................................................................................................ Energy ConsumptionThe global oil demand to grow by 5% Demand for oil and natural gas will grow by nearly 3 % in 2005, but not as fast as demand for electricity and coal. According to the Economist, coal is back in vogue as energy-hungry economics with coal reserves are seeking to reduce their dependence on imported oil. Energy Consumption (Kg. oil per head) North America...............................8307 Western Europe............................4117 Japan.........................................4079 Transition Economies.....................4047 Latin America...............................1278 Middle East & Africa......................1160 Asia (excl. Japan)..........................728 ...................................................................................................... |
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ONGC..........Making Tomorrow Greener ONGC has been recognised as India's Greenest Company, in the Business Today - AC Nielsen ORG MARG Survey,2004. 104 installations and 14 drilling rigs of ONGC, onshore and offshore, have already secured ISO 14001 accreditation for environment protection. ONGC has completed independent audit of all its installations for emission and effluent control, supplementing regular in-house checks. ONGC is progressively introducing environment-friendly fluids (mud) in drilling operations, including a bio-degradable fluid designed at its Institute of Drilling Technology, Dehradun. ONGC produces all the natural gas sold as CNG to reduce automotive pollution. ONGC - MRPL is the first refinery in India to produce Euro 111 Standard HSD (High Speed Diesel) ONGC has remained the most valuable company in India in five successive half yearly ratings in ET500. ONGC has been recongnised for creating highest wealth among all Indian corporates over 1999-2004. ONGC has been recongnised as the best OIl & Gas company in Asia in 2004 by Global Finance Magazine, New York. ONGC produces more than one million barrels of oil and oil equivalent gas every day. ONGC is making tomorrow brighter, in India and overseas. ........................................................................................................
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Small Industries service Institute Ministry of SSI, Government of India, Kurla -Andheri road, Sakinaka, Mumbai - 400072 Tel: 28576090 / 3091 / 71666 Fax: 28578092 Email: smallind@vsnl.com Web: www.sisimumbai.com ........................................................................................................ Business Quotes 'Branding and positioning are like two sides of the same coin, one without the other doesn't have the same effect'..........Jack Trout (Marketing guru)
'Successful business families are those who run businesses as capitalists and families as socialists'.............N.Srinivasan (Director General CII)
'I hate to hear people say LG is a comfortable place to work. I want it to be tough'...........Kim Ssang Su (CEO LG)
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