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Bring petrol, diesel under uniform VAT: Assocham
The government should bring petrol and diesel under a uniform VAT structure of 8 per cent as the variation in state tax was putting additional burden of taxation, industry body Assocham today said.

Borders closed, options open
Spot the odd one out: ICBC, CCB, HSBC, BOC. The four big banks operating in China may have similar sounding initialisms, but one of them – HSBC – isn’t Chinese at all. The UK-based lender, listed in London and Hong Kong, sees itself as stateless. But its national agnosticism may be getting harder to sustain.

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Rs 110,000 cr highway projects to be executed in 3 yrs
Highway projects worth about Rs 110,000 crore will be executed in the country over the next three years, Minister of State for Road Transport and Highways R P N Singh informed the Rajya Sabha today.
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Bajaj Electricals Q1 net up 64% at Rs 16 cr

A better product mix, easing of cost pressures and better procurement helped consumer electronics and lightings manufacturer, Bajaj Electricals register a consolidated net profit increase of 64 per cent per cent for the quarter ended June 30, 2009, to Rs 16.4 crore, compared with Rs 10 crore in the corresponding quarter of the previous financial year. - Philips plans buyback at Rs 242 a share">Philips plans buyback at Rs 242 a share - Bajaj Elec aiming for over Rs 2,000-cr turnover in FY 10 - Bajaj Electricals says interested in acquisitions - Bajaj Electricals cancels stock options - Samsung eyes $2 bn sales in India this year - Philips' new 'space age' The revenue for the first quarter also increased by 15 per cent to Rs 365 crore, as compared with Rs 318 crore in the corresponding quarter of the previous financial year. Shekhar Bajaj, CMD said that, “The profitability performance in the face of fairly tough demand conditions is very heartening. I hope that the improved margins will continue in future also which will result in improved profits compared to last year.”


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