Mumbai: The owner of the Taj Hotels chain, Indian Hotel Company (IHCL) has purchased a 10 per cent stake in the NYSE-listed Orient-Express Hotels for around Rs 850 crore.
New Delhi: Providing ease to exporters affected by the rupee appreciation in the exchange market, the administration declared they would be relieved from the tax on services rendered by road transp
The finance ministry has announced exemption for exporters from services taxes by ports, railways and road transport. Many exporters have been hit badly due to recent downtrend in US dollar. The rupee value has appreciated recently and has hit the net profits of many companies.
The statement issued by Finance Ministry said, "Government has issued a notification providing refund of service tax paid by exporters on four taxable services, which are not in the nature of input services but could be linked to export goods."
Singur: Nirupam Sen, West Bengal Minister for Commerce and Industry said that Tata Motors is all set to roll out 2.50 lakh units from the small car project by the coming year (2008), and the production capacity is expected to reach 3.50 lakh in the next few years.
Mr. Sen told a CPM public meeting in Singur, “I hope that next year, the first year of its production, 2.50 lakh small cars will roll out of the Tata Motors project here and the figure will reach 3.50 lakh in the coming years.”
