In a major relief to firms the government has announced to extend tax relief to companies who are providing services from the tax-free export zones. Developers are also entitled to avail the benefits of tax exemptions under the new norms. However, tax benefits would be extended only for permitted activities within SEZs.
A statement by commerce ministry said that government has also decided to exempt the zones from all indirect taxes for authorized operations. The Empowered Group of Ministers has already endorsed the viewpoint of commerce ministry in a meeting held on August 2008 chaired by External Affairs Minister and Finance Minister Pranab Mukherjee.
A large number of US firms have started to pull outsourcing operations from the traditions destinations such as India, probably due to revelation of Satyam's accounting fraud and terror threats in the aftermath of Mumbai terrorist attack on 26/11.
Placement drive at Indian Institute of Management Ahmedabad (IIM-A) has entered in eighth day with many students still waiting to get placed in the midst of global slowdown.
The companies which visited the campus this year include McKinsey, Frost & Sullivan, Boston Consulting Group and Booz and Co. The list also includes many leading banking and insurance firms like Standard Chartered Bank, ICICI Bank, UAE Exchange, SIDBI and SEBI.
Bharti AXA Mutual Fund, one of the leading mutual fund house, has notified that it has collected Rs 20 crore via Bharti AXA Regular Return Fund, an open-ended income scheme during their initial offer period from 28 January to 26 February 2009.
The scheme aims to generate regular income through investments in fixed income securities and also to generate long term capital appreciation by investing a portion in equity and equity related instruments.
The performance of the scheme will be benchmarked against CRISIL MIP Blended Index.
Infrastructure companies could well see an upside to their margins after the reduction in prices of steel and cement. Last week, steel manufacturers cut the price of steel by Rs 400-600 a tonne to about Rs 28,000 and cement makers have reduced the cost of bulk cement by Rs 4-5 per 50-kg bag to Rs 225-245. The moves follow the reduction in the central excise duty from 10% to 8% on February 24.
The company is sitting pretty with an order book of $100 mn, set to hire 150 employees by March-end
The fledging Indian animation industry is growing at a fast clip scoring over its Asian peers by meeting delivery timelines and matching quality benchmarks.
In a major relief to firms the government has announced to extend tax relief to companies who are providing services from the tax-free export zones. Developers are also entitled to avail the benefits of tax exemptions under the new norms. However, tax benefits would be extended only for permitted activities within SEZs.
A large number of US firms have started to pull outsourcing operations from the traditions destinations such as India, probably due to revelation of Satyam's accounting fraud and terror threats in the aftermath of Mumbai terrorist attack on 26/11. 
Placement drive at Indian Institute of Management Ahmedabad (IIM-A) has entered in eighth day with many students still waiting to get placed in the midst of global slowdown. 
Bharti AXA Mutual Fund, one of the leading mutual fund house, has notified that it has collected Rs 20 crore via Bharti AXA Regular Return Fund, an open-ended income scheme during their initial offer period from 28 January to 26 February 2009. 
Infrastructure companies could well see an upside to their margins after the reduction in prices of steel and cement. Last week, steel manufacturers cut the price of steel by Rs 400-600 a tonne to about Rs 28,000 and cement makers have reduced the cost of bulk cement by Rs 4-5 per 50-kg bag to Rs 225-245. The moves follow the reduction in the central excise duty from 10% to 8% on February 24. 
The company is sitting pretty with an order book of $100 mn, set to hire 150 employees by March-end
