Monday, November 2, 1998
Stock-taking time in cement sector
Of the five cement majors, ACC and Madras Cements have posted results in line with market expectations, while Gujarat Ambuja surprised the market, as against an anticipated loss, it posted a net profit of Rs 1.7 crore.
Business recast and tax liability of sellers
A peculiar aspect of the Indian tax system is that often the tax department requires the ordinary businessman to recover tax for it, for example of this is deduction of tax at source.
Management onus
Even though the Securities and Exchange Board of India (SEBI) has found evidence that there was price rigging in the market in three stocks--BPL, Sterlite and Videocon International--there are several questions that remain unanswered.
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