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INDIA BUSINESS WORLD - March 1st - March 15th - 2008
The Month that was ...
News & important developments from the most prospective of the New World markets... India. Our effort is to provide you with the latest and relevant developments that take place in the Indian business, economic and legal environment.
BUSINESS NEWS
RIL HIKES POLYMER PRICES Reliance Industries (RIL) has increased polymer prices across the board with effect from March 1st.......More....
GOVERNMENT ISSUES 19 NEW TELECOM LICENCES The government issued 19 more telecom licences to new players, including Shyam Telelink and Loop Telecom...... More....
EASIER NORMS FOR FIIS, SEBI TO CUT TIME LAG IN LISTING OF SHARES, FEES PAYABLE BY MARKET PLAYERS SLASHED UP TO 80% Capital market regulator Sebi has said that it has slashed the fees payable by various market players up to 80%.......More....
UK TRAVEL RETAILER THOMAS COOK TO HOLD MAJORITY IN INDIA ARM Reversing a decision taken two years ago, UK travel retailer Thomas Cook said that it would acquire Dubai Financial Group's 55% stake in Thomas Cook India..... More....
TATA CHEM SELLS SHARE IN TCS & TIC TO BUY US CO'S SODA ASH BIZ TATA Chemicals (TCL) has mobilised nearly Rs 450 crore by selling its investments in two group companies...........More....
ONLY PROFESSIONALS MAY GET VENTURE CAPITAL FUNDS (VCF) LICENCE Only professionals are likely to be allowed to float venture capital funds (VCF) in future. In what could be a major change in India's venture....... More....
CUT TAX ON NRO DEPOSIT INTEREST TO 20%: AAR Interest on non-resident ordinary (NRO) deposit may be taxed at the rate of 20%, instead of the prevailing practice of levying 30%,........ More....
FROZEN DEMAT ACCOUNTS TO LOSE SHARES ON PAN DEFAULT The government is set to act on a proposal to attach the securities lying in the frozen demat accounts of lakhs of investors.....More....
EXECUJET, AERION BAG $400-M ORDERS FOR SUPERSONIC BIZ JETS Swiss aviation company ExecuJet in association with the US-based engineering firm Aerion Corporation........More....
HELION VENTURE CLOSES $210-MILLION INDIA FUND Helion Venture Partners, an India-focused Venture fund, announced the closing of its second fund of $210 million......... More....
INDIA INFOLINE BUYS IT PARK FOR RS 80 CR Financial services provider India Infoline has acquired IT parkTechscape Towers....More....
ASHOK LEYLAND TO INVEST RS 6,000 CR IN COMMERCIAL VEHICLE BUSINESS EXPANSION The Hinduja Group-promoted Ashok Leyland is ramping up investments in its commercial vehicle (CV) business by investing close to Rs 6,000 crore......... More....
TIGHTER DUTY DRAWBACK NORMS FROM APRIL 1 The department of revenue has decided to operationalise the bank realisation certificate (BRC) module, a software developed for monitoring realisation ...... More....
NO BAN ON BLACKBERRY AT THIS POINT, SAYS TELECOM SECRETARY The government has said that it is not considering any ban on BlackBerry services at this point and is in discussion with the operators to resolve the issue.....More....
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