The Budget 2013-14 provides 15 per cent investment allowance on investment of more than Rs 100 crore in plant and machinery. Concessional rate of tax of 15 per cent on dividend received from its foreign subsidiary by a company continued for one more year.
Tag: India
Post
Post
JNPT for Rs 20 bn bond issue
Securities and Exchange Board of India (SEBI) received a request from the Jawaharlal Nehru Port Trust (JNPT) to allow it to raise a maximum of Rs 2,000 crore through tax free bonds. The prospectus says the JNPT would garner up to Rs 500 crore with an
Post
PFC plans banking business
With the Reserve Bank of India (RBI) releasing guidelines for new bank licences, Power Finance Corporation (PFC) plans to apply for a license to launch banking operation.
Satnam Singh, Chairman and Managing Director of the power sector lender said his firm
Post
Shriram Group mulls banking foray
With the Reserve Bank of India (RBI) releasing guidelines for new bank licences, a slew of industry conglomerates are interested to make a foray into banking business. One among them is the Chennai-based Shriram Group, promoted by R Thyagarajan.
Post
Cargo handling at non-major ports up
Cargo handling at non-major ports grew 10.3 per cent to 185.21 million tonne (mn t) during Apr-Sep 2012-13 from 168 mn t in the corresponding period of 2011-12. However, cargo handling at major ports declined 3.3 per cent during the first half of 2012-13 from
Post
Major ports suffer `1 bn loss due to strike
Major ports in the country have reportedly lost Rs 100 crore owing to the two-day nationwide strike by labour unions recently. The port workers participated in the strike called by various central trade unions to protest the 'anti-people policies' of the
Post
Vizag Agriport awaits project
Vizag Agriport hopes to secure the Rs 217.58 crore fertiliser terminal mechanisation project from the Visakhapatnam Port Trust (VPT) by March. VPT signed a 30-year concession agreement with Vizag Agriport in May last year for mechanisation of East
Post
KoPT to shortlist bidders
Kolkata Port Trust (KoPT) is likely to shortlist the interested bidders for the Rs 1,500-crore, 1.2 million TEU container terminal project at Diamond Harbour on March 15.
It may be recalled that the port earlier extended the pre-bid application deadline to
Post
Essar port in Mozambique
The Essar Group is planning to set up a 10-million tonne (mn t) port in Mozambique, at a cost of $275 million (Rs 1,496 crore). This port will facilitate exports from Zimbabwe Iron and Steel Company (ZISCO), a Zimbabwe-based company it acquired in 2010.
Post
VOC Port setting up 2nd container terminal
VO Chidambaranar Port at Tuticorin is converting its eighth berth into a container terminal with a capacity to handle six lakh TEUs at a cost of Rs 312.23 crore.