Monday, July 14, 2008

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Taxman gets his pound of flesh from IPL
    THEY DON'T COME CHEAP: I-T deptt is wondering if players should be treated as stock in trade or as assets.Five of the eight IPL franchisees have made a TDS payout of Rs 60 crore.
Inflation continues to climb, at 11.89 per cent
    BEYOND REACH? Inflation has already breached the 13-year high and is still climbing.Inflation was 4.42 per cent during the corresponding week the previous year.
Tina Ambani, Usha Mittal among top 10 billionaires' wives
    THE RICH AND FAMOUS: Tina Ambani is married to world's sixth wealthiest person, Anil Ambani.According to Forbes, they have impressive credentials of their own.
Infosys, TCS among most admired firms: WSJ survey
    AMONG THE TOP: A journal released the list of India's 10 most admired companies.Infosys has retained its position as the most admired company since 2000.
Indian economy hit as industrial growth falls to 5%
    EYEING THE THREE I'S: Infosys results, inflation rate and industrial output were announced on Friday.Industrial growth has slowed down much more than expected.
Infosys first quarter results out, profits up 4.24%
    GOOD SHOW: Net profit numbers are above markets' expectations, sales are in line with estimates.Profits are above markets' expectations, sales in line with estimates.
Three Indian BPOs bag big deal with Aviva
    DEAL ASSURED: Aviva gets its insurance and IT processes done out of locations in India and Sri Lanka.WNS, EXL and 24/7 have retained business with the insurance major.
Aircraft seized for duty evasion, top firms under scanner
    NO SAFE LANDING: Reports suggest 250 planes are under the scanner on allegations of duty evasion.Reports suggest 250 planes are under the scanner on allegations of duty evasion.
Automaker Bajaj's profit down by Rs 15 crore
    SOUND COMPANY: Bajaj MD Rahul Bajaj hopes to meet targets with exports.Company formed out of Bajaj Auto reports numbers for first quarter of FY.
Retail chains, FMCG cos at war over right of first access
    RETAIL CHAIN: My Dollar Store gets most of its products from international makers.Big Bazaar, My Dollar Store are at loggerheads with global FMCG companies.
Govt to not impose windfall profit tax on oil producers
    NO WINDFALL TAX: Sources say Govt may not be thinking of skimming high profits of oil producers.Sources say Govt might not be thinking of skimming high profits of oil producers.
Slowdown time for IT, BPO sector: Nasscom
    SLOW DOES IT: But even the projected growth rate of 21-24 per cent is 'robust', says Nasscom.The growth rate is expected to slow down to between 21-24 pc.

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