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Popular Articles

JSW Energy to give priority to acquisition of overseas coal mines
With its plans to create 5,200 Mw of power capacity based on imported coal, JSW Energy, a power sector arm of Sajjan Jindal-led JSW Group, intends to accquire coal mines in overseas countries.

US markets end marginally lower
The US markets had an unspectacular day of trade. Dow Jones closed at 10,426.30, lower by 11.11 points or 0.11%, Nasdaq ended at 2193.14, weaker by 10.64 points or 0.48%, and S&P shut at 1109.8, down 0.52 points or 0.05%.

News of the day

Cash-only deals bring firms higher returns: KPMG
Companies looking to improve shareholders value through acquisitions should finance their deals with only cash rather than stocks, as such transactions are seen to provide higher returns, a study by global consultancy KPMG International says.
International Business

MS wants excise duty on packaged software

Software giant Microsoft’s representatives will soon meet finance ministry officials trying to persuade them to impose excise or countervailing duty instead of service tax on packaged software. - Maharashtra gets state wide area network - AI cancels over 20 flights as agitation by pilots continues - Brumby criticised back home for not discussing Indian fugitive - 129 students, mostly Indians, will be displaced from Australian college - F&O OUTLOOK: Upside breakout seen above 5,010 - FIIs net buyers Rs 989 cr in F&O on Friday The government had recently said packaged software makers would be required to pay service tax and not central excise (or countervailing duty in case of imported software). This had happened after a series of representations from the packaged software industry and discussions within the finance ministry. Packaged software refers to a bunch of software offered to various PC marketing companies to come pre-loaded on branded computers. “Microsoft is again coming to us with a request to do away with service tax on the packaged software and charge the central excise or countervailing duty. They say they have a genuine problem,” a senior ministry official said. When contacted, Microsoft officials denied any such development from the company’s side.


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