INDIA BUSINESS WORLD - 1st March - TO - 15th March - 2009
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
PRIVATE EQUITY PLAYER BARING UPS MPHASIS STAKE BY 3.6% FOR RS 129 CRORE : PRIVATE equity player Baring has scaled up its stake in IT exporter MphasiS by 3.6% to 12.2% for Rs 129 crore. The PE firm bought nearly 76 lakh shares in a bulk deal from Merrill Lynch Capital Markets on the NSE.....More....
PAN MASALA, GUTKHA EXPORTERS MUST PAY EXCISE DUTY, CLARIFIES THE CENTRAL BOARD OF EXCISE AND CUSTOMS : Exporters of Pan masala and gutkha manufacturers will now have to pay excise duty on the basis of the number of packaging machines installed in a factory. It can be claimed as a refund after exports are made....... More....
FOREX FROM OVERSEAS FILM RIGHTS TO GET TAX SOPS RULES SUPREME COURT : THE Supreme Court has ruled that the foreign exchange earned by transferring the rights of exploitation of the films outside India by way of lease is admissible for deduction under Section 80HHC of the Income-Tax Act, 1961...........More....
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