INDIA BUSINESS WORLD - JULY 1^st - JULY 31^st - 2008

BCCL PICKS UP STAKE IN FIRST ALTUS RESOURCES

Bennett Coleman & Company Ltd (BCCL) has picked up a stake in First Altus Resources and Networks Pvt. Ltd., the owners of online income tax return preparation software www.taxshax.com. With an increasing number of young computer savvy professionals entering the tax bracket each year, Taxshax intends to make filing income tax returns easy for all. Commenting on the tie-up with BCCL, First Altus CEO Manab Sen expressed satisfaction and excitement about the immense possibilities this offering holds for potential market. With both organisations firmly believing in empowering people to take control of their destinies, financial and otherwise, he said the tie up assumes an even greater relevance from the standpoint of extending common organisational philosophies.