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WEB EXTRAS

TAXATION: Service tax on deposit insurance premium looms over banks
Mumbai, Jan. 23 If the revenue authorities have their way, banks in India may soon face the unwelcome prospect of paying service tax on deposit insurance premium, that too with retrospective effect, i.e., from May 1, ...

COMPANY LAW: Expenditure eligible for deduction
Tax law allows deduction for expenditure incurred in connection with the setting up of an industrial unit by a resident Indian or an Indian company. The expenditure should have been incurred before the commencement of the business or in ...

OUTLOOK: BIAL weighing growth options, says Brunner
Bangalore, Jan. 23 Mr Albert Brunner, the outgoing CEO of Bangalore’s airport operator BIAL, says the company is sizing up the situation and weighing its options on the way forward now that the traffic slowdown has given it a ...

PERFORMANCE: Higher interest income lifts Canara Bank profit by 53%
Bangalore, Jan. 23 Public sector Canara Bank has classified the Ratnagiri Gas and Power Ltd as a ...

FINANCIAL MARKETS: Rubber prices may improve by year-end
There is no immediate expectation for an improvement in rubber prices in the existing circumstances, but at the end of the current year, it might improve to a certain extent, said Mr Sajen Peter, Chairman, Rubber Board, addressing the 159th ...

NON-PERFORMING ASSETS: Vijaya Bank Q3 net up 24%
Bangalore, Jan. 23 Public sector Vijaya Bank reported a 24 per cent increase in net profits to Rs 156.99 crore for the third quarter of the current financial ...





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Markets (Jan 23)
Nifty (at close)2,678.55 (-35.25)
US Dollar (Buy/Sell)49.25/26
Brent crude (a bbl) Rs2,122
Gold (a gram) Rs1,254
Silver (a kg) Rs19,650


In Focus
Who is hiring?

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IOC sees window to convert forex loans into rupee


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Looking back
Jan. 11-Jan. 17
India slips to 41st rank on Global Innovation Index 2008-09

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Life



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