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Indian firms have shelled out Rs 1.75 trillion ($36.4 billion) as taxes including the corporate tax and the fringe benefit tax in 2007-08 financial year.
Pakistan still owes $62.5 million (Rs.300 crore) to India, which is being carried every year as a liability in the budget account.
The global spending on IT is expected to dip six percent to $3.2 trillion in 2009 from $3.4 trillion in the previous year, a report released here Tuesday said.
Indian retail market, which is expected to touch $637 billion by 2015, has become a huge attraction for the IT biggies including Oracle. The company's tie-up with Megamart has proved beneficial for the retail firm in terms of more productivity.
Advanced Management Education from IIM Calcutta for Senior Managers
The top brass of loss-making national carrier Air India is headed for a rejig, Civil Aviation Minister Praful Patel has said, with the government proposing to hire "people with proven track record".
In order to simplify the tax structure, Finance Minister Pranab Mukherjee has announced to bring out Direct Taxes Code shortly.
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Marico (MARICO) finished among the top gainers by going up by 12.68 percent to end at Rs 80.40 on a volatile day in the post-budget market.
Indiabulls Securities Research has recommended a buy rating on Unitech in its July 01 report. Unitech Limited operates as a real estate development company in India and internationally.
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