Briefly Business

Having altered the income tax slabs in the Budget,the finance ministry has said the next round of widening of the tax slabs is possible...

I-T slabs may be further raised in DTC

NEW DELHI: Having altered the income tax slabs in the Budget,the finance ministry has said the next round of widening of the tax slabs is possible when the direct taxes code comes into effect,likely from 2011-12. A further widening of tax slabs is possible. But this will happen when revised draft direct taxes code paper comes, revenue secretary Sunil Mitra said.

ANZ to return to India after 10 years

MELBOURNE: Australian bank ANZ is set to enter the Indian market following the Reserve Bank of India8217;s in-principle approval for a banking licence. With the RBI nod,ANZ would be able to establish a bank branch in Mumbai as well as offer a range of retail and wholesale banking services. ANZ has a mixed history in the Indian market through its previous ownership of Grindlays,which it sold to Standard Chartered in 2000.

Chopper corridor at Mumbai,Delhi

HYDERABAD: The Directorate General of Civil Aviation DGCA would issue a notification for a dedicated chopper corridor at Mumbai and Delhi airports by next week. This was announced by the Director General of Civil Aviation Naseem Zaidi. The regulator also plans to hire 200 technical operators on short-term contracts by September-October,he said.

Wipro bags IT contract from US-based co

NEW DELHI: The nations third largest IT firm Wipro Technologies said it has entered into a seven-year strategic agreement with the US-based insurance firm Main Street America Group for software solutions. The Main Street will engage with Wipro for applications,development,maintenance and quality assurance,the Bangalore-based software firm said in a statement.

PSU oil cos to invest over Rs 77,500 crore

NEW DELHI: State-owned oil firms will invest over Rs 77,500 crore in adding 44.2 million tonnes of refining capacity by 2012,petroleum minister Murli Deora said. In a written reply,Deora told Lok Sabha that Indian Oil Corp is investing Rs 29,777 crore in building a new refinery at Paradip in Orissa with an annual production capacity of 15 million tonnes.

UTI Tech ties up with One Stop Shop

MUMBAI: UTI Technology Services Limited UTITSL,formerly known as Unit Trust of India Investor Services Ltd,has entered into a strategic alliance with One Stop Shop OSS for the issue of permanent account number PAN card which has became mandatory for every transaction.

Jewellery exports to be moderate: Study

Story continues below this ad

MUMBAI: Slow demand revival in the US and Europe might slow down export growth of Indian gems and jewellery in the short term,says a study conducted by the Exim Bank of India. The study says growth in this industry is likely to be driven by that in jewellery exports to the US,Europe and demand in the domestic market.

ICAI to complete proceedings against Satyam auditors by June

NEW DELHI: Accounting regulator ICAI on Thursday said it would complete disciplinary proceedings by June against the chartered accountants involved in the multi-crore rupee Satyam fraud. After three months,we will be conveying to you something positively. After three months you will not be asking me this question anymore, ICAI president Amarjit Chopra said when asked about the status of its action against auditors S Talluri and S Gopalakrishnan of Price Waterhouse which was the statutory auditor of Sataym. Chopra said the two auditors could not be heard as they were behind the bars,and now that they are out on bail,proceedings would be expedited. PTI