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Saturday, November 06, 2004
Software sales to attract tax, rules Supreme Court
NEW DELHI, NOV. 5.The Supreme Court today held that software programmes such as Oracle, Lotus and Unigraphics sold off the shelf are goods for the purpose of levy of sales tax by the States. A five-Judge Constitution Bench headed by Justice N. ...
Power major NTPC lists at premium
MUMBAI, NOV. 5. The shares of National Thermal Power Corporation (NTPC) were listed today on the National and Bombay stock exchanges. It listed at Rs. 88 on the NSE, and at Rs. 70 on the BSE. With this listing the power major has become the third ...
`PC penetration will be hit'
NEW DELHI, NOV. 5. The Supreme Court judgment designating packaged software as `goods' for the purpose of sales tax could slow the speed of penetration of PCs and encourage piracy of software, the National Association of Software and Service ...
Sensex gains 58 points on hectic buying
MUMBAI, NOV. 5. Notwithstanding a rise in inflation rate and a sharp hike in prices of petrol and diesel, the market surged to a strong finish, rising by 58 points on hectic buying prompted by downtrend in global crude oil prices. Well ...
Reliance asked to pay Rs. 40 crores for `illegal routing of calls'
NEW DELHI, NOV. 5. The Delhi High Court today directed Reliance Infocomm to pay by Monday Rs. 40 crores to the BSNL for ``illegal routing'' of international calls, failing which the BSNL would block its calls at 30 cities, including Mumbai, Pune ...
McKinsey to study revamping of Food Corporation
NEW DELHI, NOV. 5. The Central Government has appointed the U.S.-based consultancy group McKinsey and Company, at an estimated cost of Rs. 4.80 crores, to study the restructuring of the Food Corporation of India (FCI), the central agency for ...
TCS, TAFE Global sign pact
MUMBAI, NOV. 5. Tata Consultancy Services (TCS) and the Australia-based TAFE Global Pty Ltd today extended an existing tie-up, under which the companies would introduce skills training strategy to impart vocational training. It is critical that ...
SBI Mutual, SGAM join hands
MUMBAI, NOV. 5. State Bank of India today signed an agreement with Societe Generale Asset Management (SGAM) to form a joint venture with the bank's mutual fund arm. With this agreement SGAM would hold 37 per cent stake in SBI Mutual Fund, for a ...
Amway launches dietary supplement
CHENNAI: Amway India, a leading direct selling FMCG company, has come out with a dietary supplement. Launching the product `Nurilite Natural B' here on Friday, Stephen Beddoe, Director (Marketing and Distributor Relations), said the product ...
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