All About Excise Duty

THE Reserve Bank of India has recommended to the Union Government that Stock Holding Corporation of India Ltd (SHCIL) should be encouraged to market Government securities in a big way. VIKRANT Tyres has improved its net profit by 20 per cent at Rs. 6.91 crores during the third quarter ended December 31, 1999 (Rs. 5.75 crores).

 THE domestic cement industry, represented by the Cement Manufacturers' Association (CMA), has reiterated its plea to continue with the system of levying excise duty on cement on specific basis. .THE IL&FS AMC today said its e-com fund, which closed on January 31, has collected Rs. 197 crores.

INDUSTRIAL gases manufacturers are expecting a significant growth in their applications during the next few years with the expected upturn in the industrial performance of the country. 'THE bearings industry, both abroad and in India, will see more `polarisation' in the next two years, in order to be a significant player in a scenario where mergers would be the order of the day in the user industry, according to Mr. J.R. Patel, Vice-Cha irman and Managing Director of FAG Bearings India Ltd. 

INDIAN mutual funds have received a very positive response from Gulf NRIs, resulting in many companies heading to the Gulf states to promote their products and cash in on the new found confidence among overseas investors.

PPN Power Generation Co. Unit II Pvt. Ltd has signed an MoU with BPAmoco for using Di-Methyl Ether (DME) for its proposed 300 MW power plant at Pillaiperumalnallur in Tamil Nadu.