State Bank of India Q3 net falls 4.5 pct, shares drop
Bharti Q3 net beats f'cast, shares at new high
Bharti Airtel sees $2.5 bln capex in 07/08
India's oil ministry has sought a one rupee cut in excise duty on diesel to reduce retail prices and curb inflation
Govt cuts duty on cement, capital goods to cool inflation
The following customs duties were cut:
portland cement to zero from 12.5 percent;
ferro-alloys stainless steel and other alloy steel to 5 percent from 7.5 percent;
calcined alumina to 5 percent from 7.5 percent;
pipes and tubes of aluminium,
copper and zinc to 7.5 percent from 12.5 percent.
Other cuts included:
project imports to 7.5 percent from 12.5 percent;
specified capital goods and their parts to 7.5 percent from 12.5 percent.
And extended the project import rate of 7.5 percent to airport development and metro rail projects, the statement said.
The government also reduced the customs duty on inorganic chemicals like halogens (fluorine, chlorine, bromine, iodine), sulphur, carbon, hydrogen, rare gases and alkali metals to 5 percent from 10 percent.
Customs duty on carbon black feed stock was reduced to 5 percent from 10 percent, and refractories to 5 percent from 7.5 percent, and specified raw materials of refractories to 5 percent from 10.75 percent. Customs duty on primary and semi-finished forms of copper, aluminium, zinc, tin, other base metals was reduced to 5 percent from 7.5 percent.
Bharti Q3 net beats f'cast, shares at new high
Bharti Airtel sees $2.5 bln capex in 07/08
India's oil ministry has sought a one rupee cut in excise duty on diesel to reduce retail prices and curb inflation
Govt cuts duty on cement, capital goods to cool inflation
The following customs duties were cut:
portland cement to zero from 12.5 percent;
ferro-alloys stainless steel and other alloy steel to 5 percent from 7.5 percent;
calcined alumina to 5 percent from 7.5 percent;
pipes and tubes of aluminium,
copper and zinc to 7.5 percent from 12.5 percent.
Other cuts included:
project imports to 7.5 percent from 12.5 percent;
specified capital goods and their parts to 7.5 percent from 12.5 percent.
And extended the project import rate of 7.5 percent to airport development and metro rail projects, the statement said.
The government also reduced the customs duty on inorganic chemicals like halogens (fluorine, chlorine, bromine, iodine), sulphur, carbon, hydrogen, rare gases and alkali metals to 5 percent from 10 percent.
Customs duty on carbon black feed stock was reduced to 5 percent from 10 percent, and refractories to 5 percent from 7.5 percent, and specified raw materials of refractories to 5 percent from 10.75 percent. Customs duty on primary and semi-finished forms of copper, aluminium, zinc, tin, other base metals was reduced to 5 percent from 7.5 percent.
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