India Tax News 18 March 2008

Liquidity stress seen, Re may find support
Economic Times - Gurgaon,Haryana,India
With the money market facing outflows towards advance tax payments in the coming holiday-shortened week, the RBI announced additional LAF auctions. ...
 

Oil, gas exploration gets costlier after govt clarifies ship ...
Livemint - Delhi,Delhi,India
Why should the government impose a service tax on us now?" asked an official with Oil and Natural Gas Corp. Ltd (ONGC), India's biggest oil explorer. ...
 

Advance tax outflows will be key driver
Business Standard - Mumbai,Maharashtra,India
... following advance tax outflows, the additional line of liquidity adjustment facilities announced by the Reserve Bank of India have eased the tension. ...
 

Rajasthan against shifting Cairn crude `delivery point`
Business Standard - Mumbai,Maharashtra,India
"We are worried that central sales tax on the crude oil will not be levied in Rajasthan but in Gujarat if the delivery point shifts there. ...
 

A contradictory approach
Business Standard - Mumbai,Maharashtra,India
It may be noted that the ambit of levy of capital gains tax also covers overseas transactions made between two or more non-residents outside India. ...
 

Ericsson, Samsung, Coca Cola owe crores to govt in taxes
Economic Times - Gurgaon,Haryana,India
About three dozen MNCs operating in India have total outstanding tax liability of more than Rs 3500 crore as of December 31, 2007, says the finance ministry ...

Fun News, Odd News 18 March 2008

Film Review: Funny Games
NewsBlaze - Folsom,CA,USA
Despite his manners, there's something odd about Peter, and it's not just the fact that he's wearing white gloves. He creates diversions for a few minutes ...
 

Odd thoughts on a sex scandal
Pittsburgh Tribune-Review - Pittsburgh,PA,USA
Yet even that news organization couldn't resist poking fun last week at soon-to-be-former New York Gov. Eliot Spitzer. The AP noted that Spitzer, ...
 

Casual gamers are not
The Age - Melbourne,Victoria,Australia
It offered some well written and interesting cases, authentic presentation, and a lot of potentially fun forensic tools at the players disposal. ...
 

A positive vibe is attractive to everyone
Modesto Bee - Modesto,CA,USA
I'd say, watching the unfortunate way the fabric would cling or the odd cut of the pants, "You should wear THOSE!" "Are you sure? ...
 

WWLA: ULTIMATES DIRECTORS' CUT
comic Book Resources - USA
"This was one of those stories that we were having a lot of fun with. It will all get tied up." Still nothing on UBP? "He's very serious. ...
 

'Whatever happened, happened very quickly'
Edmonton Sun - Alberta, Canada
"She was just really fun loving, loved to joke around and put a smile on your face. She was very loyal to her friends and just had a very bubbly, ...

Indian Financial; Markets News 18 March 2008

US financial crisis could play spoilsport
Economic Times - Gurgaon,Haryana,India
The announcement pulled down US stocks on Friday, which is expected to rub off on Asian markets, including India on Monday. US markets ended 1-2% lower on ...
 

GenNext financial sector reform
Economic Times - Gurgaon,Haryana,India
This is important because many of the reforms needed to transform the financial sector into one befitting a 21st century economic powerhouse that India ...
 

Benchmarks likely to move up
Hindu Business Line - Chennai,India
The global financial markets, including that in India, are grudgingly learning it now. The worth of all derivatives globally has grown, perhaps, ...
 

Panchu Mittir's primary market rues
Financial Express - Bombay,India
The Indian primary market is only displaying this inherent vulnerability of all financial Markets. But who is Panchu Mittir? Panchkadi Mitra, as his actual ...
 

W.Bank sees US recession risk
Guardian - UK
"In financial markets in the United States, there is still a lot to go," he said, speaking on Saturday. Europe too was likely to see subprime ...
 

Market Watch: Bull case vs bear case
Hindustan Times - India
There's just too much noise around financial markets these days. No wonder everyone is so confused. While it is difficult to take a clean call on the market ...
 

Indian IT industry will grow at strong rate
NDTV.com - New Delhi,India
Peter Sondergaard: Yes it is true in some sectors as a mention in financial service document by the US government. We are seeing discretion in spending in ...
 

Reverse mortgage mart to triple to $113 bn by 2015: Study
Economic Times - Gurgaon,Haryana,India
The Indian government is now employing innovative strategies towards change and it has begun introducing financial instruments aimed at the senior ...

India insurance News 18 March 2008

A budget for the urban rich, not farmers?
The New Nation - Bangladesh
Nor does it address the huge imbalances in India's recent growth pattern. The decision to write off farmers' loans worth Rs60,000 crores is a belated ...
 

Loan waiver not enough
Daily News & Analysis - Mumbai,India
... bail out the Life Insurance Corporation or the Unit Trust of India when they faced crises of their own making or when banks and financial institutions ...
 

EFIC bulletin reports on mining and mineral exploration in India
Ferret - Australia
The Australian Government's export credit agency Export Finance and Insurance Corporation (EFIC) reports that mining and mineral exploration in India faces ...
 

MajescoMastek Makes Second Insurance Acquisition in the US
PR-Inside.com (Pressemitteilung) - Wien,Austria
... India-based Mastek, during the current financial year, and follows the acquisition of another insurance-focused IT company, Vector Insurance Services, ...
 

Aviva not to enter general insurance in India
NDTV.com - New Delhi,India
PTI Ruling out a foray into general insurance in the near future, Aviva India on Sunday said it would concentrate on its life insurance business in the ...
 

Emerging markets fourth biggest risk for insurance cos: E&Y
Economic Times - Gurgaon,Haryana,India
16 Mar, 2008, 1203 hrs IST, PTI NEW DELHI: India along with other emerging markets may have earned a reputation of having the top growth potential for the ...
 

LIC development officers stage dharna
Newindpress - Chennai,Tamil Nadu,India
T'PURAM: LIC Development Officers under the banner of National Federation of Insurance Field Workers of India (NFIFWI) staged a dharna in front of LIC ...

Indian Mutual Funds News 18 March 2008

Sebi bats for MF investors!
Deccan Herald - Bangalore,India
Not too long ago, the Securities and Exchange Board of India (Sebi) ruled that investors will not have to pay the entry load while investing in mutual funds ...
 

New fund offerings face heat from market volatility
Economic Times - Gurgaon,Haryana,India
MUMBAI: Indian investors seem to have turned their backs on the recent new fund offerings from Mirae, HSBC and Morgan Stanley Mutual Funds, in the wake of ...

Indian Markets News 18 March 2008

Death of IPOs is bad for economy
Deccan Herald - Bangalore,India
The primary reason behind the downturn in Indian market is the subprime crisis that began nine months ago and has now engulfed the entire US financial ...
 

Markets at a glance
Business Standard - Mumbai,Maharashtra,India
The deepening of the US subprime crisis and the resulting lack of liquidity pushed the Indian markets down further, along with other Asian indices. ...
 

India at greater risk than other emerging markets: Naissance Cap
Hindu Business Line - Chennai,India
Excerpts from CNBC-TV18's exclusive interview with James Breiding: How are you approaching the Indian market right now against the other emerging market ...
 

Markets likely to react to the Bear Stearns story
Livemint - Delhi,Delhi,India
However, global sentiments took a U-turn after Indian markets closed and US markets witnessed a sharp fall on Friday, which will have an impact on Asian ...
 

Asia to open on a weak note on high inflation, US worries
Business Standard - Mumbai,Maharashtra,India
Indian markets may see another gap-down opening on Monday as rise in local inflation figures and a sharp fall in the US markets on Friday after reports said ...

Indian Investments News 18 March 2008

India Infrastructure's UK arm launching operations next month
Hindu Business Line - Chennai,India
The UK investment vehicle could also co-finance the external commercial borrowings (ECBs) of Indian companies, for infrastructure projects, ...
 

Tommy Hilfiger eyes 51% stake in Indian biz
Economic Times - Gurgaon,Haryana,India
The Mohan Murjani-led group, after exiting their investments in Tommy Hilfiger Corporation, sewed up a deal to keep the perpetual brand rights for India as ...
 

Airport projects hit a rough patch
Hindu - Chennai,India
A similar strike was also in the air in relation to the proposal to privatise or corporatise Air India and Indian Airlines, even find a strategic partner. ...
 

Regulatory framework lacking, delaying CEPA with India
The Island (subscription) - Columbo,Sri Lanka
The FTA offers significant market openings for Sri Lanka and that should be tapped immediately, perhaps through Indian investment," he said. ...
 

State Bank of India suffers investment loss-paper
Reuters - USA
The newspaper quoted India's junior finance minister Pawan Kumar Bansal as saying the state-run bank's loss came from investments being marked to market and ...
 

Heads and Tales
Times of India - India
Together Sino Indian Relationship can work wonders and even influence the Middle East and check terrorism and fundamentalism in Asia besides influence and ...

Hot News 18th March 2008

Manic Panic!

Times of India - India
A Times Life snap poll conducted in metros of India about what's worth worrying about and what's not threw up a few surprises. It seems we're panicking ...
 

I have to prove myself: Tanushree
Times of India - India
Especially those who are associated with 'bold films' and are called 'sex symbols'. Ask Jamshedpur girl and Femina Miss India Universe 2004 Tanushree Dutta ...
 

Fact and friction!
Daily News & Analysis - Mumbai,India
It's quite a crazy world out there. The New York governor resigns over sex with a prostitute. The Indian Hockey Federation president refuses to resign after ...

Hollywood, celebrity 18th March 2008

Celebrity News
Aurora Beacon News - Aurora,IL,USA
A man filed a civil suit against the rapper, claiming he assaulted him during a pickup basketball game last year, celebrity Web site TMZ.com reported. ...
 

From Brazil and Bhutan to Bollywood
Times of India - India
I enjoy celebrity status in Bhutan. I might do a Bhutanese film some time," he says. Yana: A marriage, a divorce, and a break-up, along with several item ...
 

Celebrity Watch: Lindsay Lohan acts up at Scandinavian Style Mansion
South Asian Women's Forum - New Delhi,India
Lindsay Lohan at the Scandinavian Style Mansion bash at a private estate in Hollywood, Saturday night, March 15, 2008. Photo Credit: PR Photos March 16, ...
 

Chasing stars in Hollywood East
Connecticut Post - Bridgeport,CT,USA
Rob Richard, a DCF social worker, poses with his collection of celebrity photographs in his Bridgeport home. BRIDGEPORT — Social worker Rob Rickard had a ...
 

'Dancing With the Stars' puts careers back in the swing
Los Angeles Times - CA,USA
Or "Password" or "Hollywood Squares." Now the boom in reality TV and physical fitness has created the perfect nexus for those celebrities at a "what next? ...
 

Virtual vogue: Second Life wardrobes
Telegraph.co.uk - United Kingdom
The average user age might have gone up after Stardoll was mentioned in Vanity Fair's Hollywood issue, encouraging readers to 'play celebrity stylist' in ...

India : Economy & Policy 18th March 2008

Inclusive growth and technological diffusion
Hindu - Chennai,India
Second, to assist diffusion throughout the economy, policy needs to reinforce technological absorptive capacity at the sub-national and regional levels and ...
 

The US blame game, and beyond
Hindu Business Line - Chennai,India
The US housing mess and the Federal Reserve's efforts to unravel it have lessons for India's own attempt to solve the agricultural debt problem. ...
 

If we lose the economic war we lose all wars
Daily Mirror - Colombo,Western,Sri Lanka
Economy from strength to weakening. There is no international policy. We tickle the USA and we annoyed EU. We tell India doesn't do enough, we tell Japan ...
 

Global Inflation Hits Local Economy
Korea Times - South Korea
There is little policy option to cope with the external inflation shock. The $100 per barrel of international oil prices became a reality. ...
 

AV Rajwade: Tolerating inflation
Business Standard - Mumbai,Maharashtra,India
Meanwhile, the US treasury has still not changed its "strong dollar" policy, whatever it may mean in the current situation. One fallout of the weakening ...
 

Inflation to come in way of interest cut: Survey
GreaterKashmir.com (press release) - Srinagar,Jammu and Kashmir,India
In India, the rates were much lower at 11.8 per cent and 5.3 per cent as a result of the inflation-targeted policy measures taken by the Government and ...
 

India: Art & Culture 18th March 2008

Phoenix public art: Hidden in plain sight
Arizona Republic - Phoenix,AZ,USA
The city's 1988 master plan has lived up to its purpose: expand the city's art culture by piggybacking on the growth. As the infrastructure went in - the ...
 

Groups threaten demonstration if Husain's paintings auctioned
Economic Times - Gurgaon,Haryana,India
Therefore, it is a matter of "great regret and shame" that auction by Christie's Art Gallery, as part of the Indian and South Asian sale on March 20, ...
 

Dreams can be pathway to success, says Kamat
Navhind Times - Panjim,India
Mr Prasad Lolayekar, the director of Art and Culture, and Mr Ashok Parab, the assistant director were also present on the occasion. ...
 

Library hosts American Indian genealogy workshop
Northwest Arkansas Times - Fayetteville,AR,USA
In addition to a seminar on American Indian rock art in Arkansas last week, Raine said the library will feature an American Indian art speaker next week and ...
 

Dogra palaces to get facelift for tourists
The Statesman - Kolkata,India
The Indian National Trust for Art, Culture and Heritage (INTACH), New Delhi has been engaged for documentation of the palace complex. ...

India : Management & Marketing News 18th March 2008

Inflation may play spoilsport: India Inc
The Tribune - Chandigarh,India
by SC Vasudeva Women power in industry is there in true spirits at the Indian School of Business (ISB) here as it is one those rare business management ...
 

Not just testing waters
Hindu Business Line - Chennai,India
Sanjay Seth, General Manager, Global Alliances and Marketing, Testing Services, Wipro Technologies, says till 2002, software testing was predominantly in ...
 

Standoff in rice import from India to end soon: Govt
The Daily Star - Dhaka,Bangladesh
The government looks to end the impasse in rice import from India through discussions with the Indian delegation that reached Dhaka yesterday. ...

India: Opinion & Analysis News 18th March 2008

Opinion Research Corporation Enhances its Global Capabilities with ...
PR-Inside.com (Pressemitteilung) - Wien,Austria
"Joseph comes to us with broad expertise in leading market research firms in Hong Kong and China," said Greg Wayman, NWC Opinion Research's Managing ...
 

A tribute to Marc Faber, part one: US dollar, Nasdaq, gold and oil
AME Info - United Arab Emirates
With the benefit of hindsight this is a superb application of sober investment analysis to the dot-com boom folly that still held some investors fixed like ...
 

The Alternative Story Of 9/11– A Pakistani Speaks Out His Mind
Blogger News Network - USA
Fortunately for us, the most interesting hint comes from the premier Indian intelligence agency Research and Analysis Wing's (RAW) own propaganda. ...
 

The 2020 Summit - more hallucination than clear vision
On Line opinion - Australia
An analysis of all the large and not so large oilfields coming on line in the next seven years sees little new production beyond 2012. ...

India : Banking & Finance 18th March 2008

HDFC Bank, DCM Shriram tie up to offer rural banking services
Livemint - Delhi,Delhi,India
... India's third largest bank, to offer full-fledged banking services to its customers in an effort to offer them access to banking and finance products. ...
 

The budget from a farm perspective financial scene
Hindu - Chennai,India
But the point is that within the commercial banking framework, there should be neither loan melas nor competitive waiver of loans. ...
 

Jobs ahoy for BPOs
Sify - Chennai,Tamil Nadu,India
... high-end finance work done in India," says Henry G Hortenstine, founder and chief of New York's Zenta, which supports the US mortgage banking industry. ...
 

New rich may help world economy resist recession
Bangkok Post - Thailand
Wealthier populations in emerging markets have long been seen as an engine of growth and, aided by more mature banking systems and greater access to credit, ...
 

Greed and punishment for banks and firms
Livemint - Delhi,Delhi,India
Union finance minister P. Chidambaram had last week made a statement in Parliament, saying banks operating in India had Rs127.86 trillion of derivatives on ...

India : Life & Leisure 18th March 2008

Love and death
Roanoke Times - Roanoke,VA,USA
When he came back, they were listening to Donna Summer and wearing leisure suits. Fortunately, he had a few months on his parents' farm before beginning ...
 

Development in tribal society
Organiser - New Delhi,India
The author has extensively studied the leisure activities, housing ownership, landed property, occupational patterns, types of soil, income and expenditure ...

India : Company & Industry 18th March 2008

TV industry may see slow growth
Business Standard - Mumbai,Maharashtra,India
According to MPA report on India, the average revenue per user (ARPU) for both cable and DTH services will be about Rs 200 and Rs 180, respectively, ...
 

Indian auto makers venturing into aerospace industry
Thaindian.com - Bangkok,Bangkok,Thailand
The Indian company would manufacture structural components for Boeing's 787 Dreamliner airplane programme. "We are going into partnerships with Indian ...
 

Pepsi to replace packs of Aquafina with new labels
Economic Times - Gurgaon,Haryana,India
The labels will announce that by next year, PepsiCo India will be a positive water balance company. In other words, the company says it will save and ...
 

Hynix Plans Business Expansion in India
Korea Times - South Korea
The company, which has been making every effort to survive in the highly-volatile global computer memory chip industry through a ``technology tie-up'' with ...
 

Riding the airwaves
Business Standard - Mumbai,Maharashtra,India
The Indian information technology and software space has lost its charm over the past one year due to the rising rupee as well as the imminent US slowdown, ...
 

The smart money's riding on India
Variety Asia - Hong Kong,Hong Kong
China Film Group, the production-distribution combine that bestrides the Chinese movie industry in a fashion unlike that of any other company in any other ...
 

India Inc looks to ramp up catwalk, bring it to a mall next door
Indian Express - New Delhi,India
"Without adequate finance, the fashion industry will not be able to realise its potential. Financial infusion will lead to growth of the fashion industry ...
 

'IT growth entering maturity phase'
Business Line - Chennai,India
"The interesting thing about Nasscom this year and last — as opposed to other years — is that the industry in India seems to have matured a great deal," he ...