Banking tax to go With the government devising alternative ways to trail black money, the Banking Transaction Tax (BTT) will be withdrawn by the end of this year, Finance Minister P Chidambaram said here on Wednesday.
CLAIMS SUCCESS IN REINING RISING PRICES
Controlled inflation led to a stable growth: RBI India has maintained high growth and achieved reasonable control over inflation without tinkering key interest rates, unlike other major economies, RBI Governor Y V Reddy said here on Wednesday.
'India to clock over 8% growth in next 2 years' Notwithstanding the recent turmoil in the global markets, two of Asia's largest economies India and China will grow at 8 per cent or above in the next two years, says global rating agency S&P in its latest study.
Ashok Leyland chalks up Rs 3,000 cr capex plan Hinduja flagship comany Ashok Leyland, on Wednesday, said it will invest Rs 3,000 crore on its new plant, coming up in Uttarakhand and on capacity expansion of its existing unit at Ennore.
TELECOM / Plans DTH foray & London listing for Reliance Globalcomm
Reliance Communications Q4 net up 9.5% at Rs 1,503 cr Anil Ambani group firm Reliance Communications, on Wednesday, announced a 9.5 per cent growth in its net profit for the fourth quarter ended March 31, 2008 at Rs 1,503.20 crore as against Rs 1,372.90 crore in the previous fiscal's quarter.
Peter Loescher, CEO of the Siemens AG, attends a press conference in Munich, southern Germany on Wednesday . German conglomerate Siemens AG said on wedenesday that its second-quarter net profit slid 67 percent, weighed down by weaker performance in its major business projects, including a large number of turnkey projects that had accumulated since 2004. AP
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