Cigarette price rise inevitable: ITC
KOLKATA: ITC Ltd on Saturday said that hike in cigarette prices was inevitable due to imposition of excise duty on tobacco in the Union Budget for 2010-11.
“Increase in cigarette prices is inevitable,” spokesperson of ITC Najeeb Arif said.
He said that while the effective rates of taxation on cigarettes prior to the Budget announcement was [...]
Sensex rises 73 points on firm overseas trend
MUMBAI: The Bombay Stock Exchange benchmark Sensex rose by over 73 points, or 0.45%, in the opening trade today on fresh capital inflows by foreign funds amid firming trends in global markets.
The 30-share index gained 74.10 points, or 0.45% at 16,320.07 points. Yesterday, it closed down by 30.35 points.
The wide-based National Stock Exchange index [...]
Incentives sought for export units
The annual annual budgetary exercise is round the corner and the commerce ministry is going all out to safegaurd the interests of the slowdown hit export and SEZ sector.
The commerce ministry has proposed to the finance ministry that funds for exporters under the Market Development Initiative be doubled from the current Rs 15 crore. [...]
Yahoo-Microsoft deal set, taking aim at Google
SAN FRANCISCO: US and European regulators have cleared the long-discussed Internet search partnership between Microsoft Corp. and Yahoo Inc., enabling the rivals to form a tag team as they try to mount a more serious challenge to Google Inc.
The government approvals announced Thursday anointed an alliance that Microsoft and Yahoo proposed nearly seven months [...]
Sify and Hitachi to launch a new service
Mumbai: To manage the complete life-cycle of enterprise information, from its inception to its final disposal, Sify Technologies in partnership with Hitachi Data System announced the launch of its utility based on-demand storage service.
The fully-managed, utility based, on-demand, scalable storage platform is powered by Hitachi Data Systems, reports PTI. “We offer On-Demand ‘Cloud Infrastructure’ [...]
Oil price declines on stronger dollar
Oil fell below $77 a barrel in Asian trade on Thursday after recent sharp gains as demand concerns and a stronger dollar weighed on the market.
New York’s main futures contract, light sweet crude for delivery in March, was down 43 cents to $76.90 a barrel.
Brent North Sea crude for April delivery declined 31 cents [...]
BHEL to hire 8,000 people in next two years
NEW DELHI: State-run BHEL is on a hiring spree, and would add 8,000 employees to its workforce in the next two years to meet the growing domestic demand for power equipment.
“We are recruiting people at the rate of 4,000 per year. Last two years we have done… this year also we are on track [...]
Amul wins mother of all dairy battles
VADODARA/ANAND: After Mumbai and Kolkata, it’s the turn of the national capital to raise a toast to the Taste of India ‘Amul’, which has emerged as number one brand in the country’s largest milk market — Delhi.
The Gujarat Cooperative Milk Marketing Federation (GCMMF), which markets brand Amul, claimed on Tuesday that Amul milk sales [...]
