Commodity transaction tax may not to be imposed this fiscal
October 12, 2008 by admin
Filed under Economy News
The finance ministry is unlikely to impose the commodities transaction tax (CTT) in the current fiscal year to March 31. The CTT is unlikely to be notified in this fiscal year. The finance ministry is of the view that proposed CTT rates maybe on the higher side.
Quality mark may be must for generic drugs
October 12, 2008 by admin
Filed under Economy News
The government and the pharmaceutical industry are in talks to introduce quality mark for medicines to ensure consumers do not buy sub-standard drugs. It is learnt that suggestions to this effect were made in a recent meeting of the department of pharmaceutical and the industry. As the department plans to open drug stores which would sell only generic medicines, the latest initiative would help it to ensure only quality medicines are sold through the proposed network.
Pharma majors to take a hit by falling sales growth and pricing pressure
October 11, 2008 by admin
Filed under Economy News
The big pharmaceuticals companies are reeling under pressure from declining sales growth and pricing pressures from generic drug manufacturers. As customer consolidation and government policy on price control are adding to their woes, attention on working capital is also required.
Infosys not to revise offer for Axon Group
October 10, 2008 by admin
Filed under Company News
Infosys Technologies’ board of directors, which met on October 10, 2008, has decided against revising its offer for UK-based Axon Group plc. The company, on August 25, had recommended cash offer of 600 pence per share (including the Interim Dividend) for the overseas entity.
Infosys Technologies, BPCL likely to see some action today
October 10, 2008 by admin
Filed under Stocks to Watch
Infosys Technologies has reported a net profit of Rs 1390 crore for the September 2008 quarter, as against Rs 1074 crore during the year-ago period. The company’s total income has moved up from Rs 4005 crore for the September 2007 quarter to Rs 5143 crore for the September 2008 quarter.
Infosys Technologies reports Q2 NP numbers
October 10, 2008 by admin
Filed under Company Results
Infosys Technologies has reported a net profit of Rs 1390 crore for the September 2008 quarter, as against Rs 1074 crore during the year-ago period.
Hero Honda picks up pace on good sales numbers
October 3, 2008 by admin
Filed under Buzzing Stocks
Hero Honda witnessed a decent acceleration on the BSE after the company announced that its sales grew 22.47% to 3,85,262 units in September 2008 as compared to 3,14,567 units in September 2007.
HCL, Tata Motors, M&M likely to see some action today
October 3, 2008 by admin
Filed under Buzzing Stocks
Axon board has decided to recommend HCL Technologies’ buyout offer to its shareholders, dropping its earlier recommendation of a take over bid from Infosys.
BSNL to launch ‘PC with broad band’ scheme in Kerala
October 3, 2008 by admin
Filed under Company News
State-owned telecom services major Bharat Sanchar Nigam (BSNL) is all set to launch the ‘PC bundling with broadband connection’ scheme in Kerala soon, which has different plans with attractive features.
Axon board favours HCL offer
October 3, 2008 by admin
Filed under Company News
The UK-based SAP consultancy Axon Group on Thursday recommended the higher offer made by one of India’s leading IT major HCL Technologies, dropping the earlier bid made by rival Infosys Technologies for the overseas company.