Taxpayers can also use old Saral form
New Delhi: The central government has notified simplified income-tax filing procedures by giving the option to individual taxpayers with income up to Rs 2 lakh to file returns in the old Saral form (Form 2 D).
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RBI twin-bond auctions devolve
Mumbai: The Reserve Bank of India has awarded a cut-off price of Rs 97.80 at the auction of the 7.40 per cent 2012 and Rs 100 at the auction of 8.35 per cent 2022.
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IDBI Caps registers highest PD turnover
Mumbai: IDBI Capital Market Services Ltd, the primary dealership arm of IDBI, has become the first PD in the country to cross the Rs 100,000-crore milestone in secondary market turnover in government securities in 2001-02.
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Allahabad Bank net doubles to Rs 80 crore
Kolkata: Allahabad Bank has reported a net profit of Rs 80.21 crore for the year to 31 March 2002 - an increase of 102 per cent over the previous fiscals figure of Rs 39.92 crore.
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Vysya Bank unveils global online deposit access
Mumbai: Vysya Bank Ltd has announced the launch of Maestro, the global online PIN-based deposit access programme with MasterCard International.
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IMF foresees global economy recovery
New York: The head of the International Monetary Fund has said the global economic recovery was firmly underway, but that stock markets will remain volatile in the coming weeks and months.
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IGF lodges complaint on VSNL issue
Mumbai: The Investors Grievances Forum has filed an official complaint with the Department of Company Affairs against VSNLs investment of Rs 1,200 crore in Tata Teleservices, saying that it went against the interest of small investors.
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BIS orders Bisleri Delhi plant licence suspension
New Delhi: The Bureau of Indian Standards has recommended suspension of operations of a Bisleri bottling plant in Delhi for not meeting health standards.
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Canbank Invest to launch index-linked funds
Mangalore: Canbank Investment Management Services Ltd, the asset management arm of Canara Bank, plans to swell funds under its management to Rs 1,000 crore by March-end 2003 - up 38.88 per cent from the current Rs 720 crore through the launch of new index-linked finds.
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Bulls in total control
Mumbai: Bulls were in total control of Wednesdays trading activity. Bears were unable to make any recovery during the day. The sentiment reading of the tradable counters changed in favour of the bulls. Bull domination on Thursday is likely to continue.
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CSE revises transaction rates in demat
Kolkata: The Calcutta Stock Exchange has announced changes in transaction charges for the demat rolling segment. It has informed the members that trade in the segment up to Rs 2 crore would involve a charge of 0.005 per cent.
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Wimco in mutual funds buy list
Mumbai: Mutual funds are eying Wimco now after the stock has risen by over 300 per cent in the last couple of months. Dealers said a leading private sector mutual fund bought around five lakh shares on Wednesday.
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LIC sells 5.24% in Abbott Laboratories
Mumbai: Life Insurance Corporation of India has sold 2,73,940 equity shares of Abbott Laboratories Ltd at the rate of Rs 245 per share to the open offer given by Pharmacia Corporation. This constitutes 5.248 per cent of the paid-up capital.
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NIC all set to face competition
New Delhi: Increasing competition in the insurance marketplace is seeing state insurers sprucing up their business operations. And National Insurance Company is gearing up its marketing and underwriting strategies towards this end.
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There are no takers for IDBI bonds
Mumbai: Industrial Development Bank of India is finding the going tough in raising fresh funds from the bond market. It has been able to collect just about Rs 45-50 crore for its on-going Rs 250-crore Omni Bonds issue, which opened in mid-May.
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