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Popular Articles

ITC results bode well for FMCG firms
Fast moving consumer goods (FMCG) companies are likely to register a modest growth for the July-September 2009 quarter on the back of rising consumer demand which is expected to considerably reduce the impact of a disappointing monsoon on sales. Traditionally, summer and winter months make up 30-40 per cent of any FMCG company’s overall sales.

Taxes on MF investments
How do fund houses charge the various taxes like dividend distribution tax, capital gains tax and securities transaction tax that a mutual fund is subject to? Are these deducted from the returns the fund generates?

News of the day

HC stops Zydus drug sale on Sun petition
The Madras High Court today directed Ahmedabad-based Zydus Cadila (Cadila Healthcare) not to sell its anti-depressant drug, Venz (venlafaxine), in the domestic market for the time being, based on a trademark complaint from Mumbai-based Sun Pharmaceutical industries.
Corporate

Karnataka launches e-governance programme

As part of strengthening e-governance initiative, Karnataka government today launched the Karnataka State Wide Area Network (KSWAN) that seeks to establish a state information highway connecting its 2300 offices across the state. - Sify Tech signs up with Cisco to launch Managed Services in India Karnataka has been a leader in e-governance and the KSWAN, which uses Multi Protocol Lable Switching (MPLS) technology, will help tone up administration, chief minister B S Yeddyurappa said. It will help enhance the efficiency of administration, he said and described it as a boon to ensure better delivery of government services. Governor H R Bhardwaj complimented the government for implementing it and termed it as a major step towards improving e-governance. KSWAN, implemented at a cost of Rs 177 crore as part of the National e-governance programme, provides a highly ‘reliable and robust’ communication corridor between the government at all levels— state, district and taluks. It will create a “plug and connect” environment for all government offices so as to provide connectivity and bandwidth on demand, besides providing “data”, Voice” and “Video services”. With KSWAN, all government offices from district and taluk level will have video conferencing solution.


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