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Rs 18,000 cr tax collections signal recovery in industry: CBEC
The Finance Ministry today said that customs duty collections at about Rs 18,000 crore in the first quarter of this fiscal and initial reports on steel and cement sectors point to a recovery in industry that would also benefit from tax cuts announced as part of stimulus packages.

PSU investors wealth surges Rs 1.89 lakh cr last week
The market capitalisation of 48 PSUs have spurted by a whopping Rs 1.89 lakh crore in the past five trading sessions, with these state-run companies suddenly turning investors" darling.

News of the day

BSNL workers to oppose disinvestment
Workers of telecom major Bharat Sanchar Nigam (BSNL) today said they would observe "Anti-Disinvestment Day" on July 22 against the government"s proposal to sell its shareholding in the company.
Public Company

SRF commissions polyester ind yarn project

SRF Ltd has commissioned its project for manufacturing polyester industrial yarn at its Gummidipoondi plant in Tamil Nadu. The project has a capacity of 14,500 tonnes per annum and had been set up at a cost of around Rs 186 crore, it said in a filing to the Bombay Stock Exchange.


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