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OIL may price IPO at Rs 1,000-1,100 a share
Oil India, the second state-run firm to hit the market with an offering of equity shares this year, may price its IPO that opens on September 7 at Rs 1,000-1,100 a share.

Sunil Jain: Tax Advantage
Most know private sector firms are a lot more efficient than public sector ones, but a little bit of perspective is required here. According to data from the latest budget documents, public sector firms, on average, pay around a fifth more effective tax rates in comparison to their private sector counterparts. So, while public sector companies paid an effective tax rate of 25.69 per cent in 2007-08, the figure was a lower 21.28 per cent for private sector firms. The average of 22.24 per cent for all firms, of course, was much lower than the statutory 33.99 per cent. The reason for this is the tax benefits claimed, obviously more by the private sector, particularly for export profits under the Software Technology Parks of India (STPI) scheme (Rs 11,734 crore) and accelerated depreciation (Rs 14,344 crore of taxes were foregone on this account).

News of the day

GM-Opel's threatened loss of jobs strains EU principles
With thousands of jobs across Europe at stake and the spectre of an internal subsidy race that would threaten the hard-fought internal market of the European Union (EU), the General Motors–Opel saga saw another twist in the tale this week, with Brussels stepping in to play referee.
International Business

Windows 7 sales touch 3.5 per cent

It’s been a fortnight since Windows 7 was officially launched worldwide. It now makes up more than 3.6 per cent of all PCs tracked by research firm Net Applications. - Excise duty holds up software imports - New "windows" open up to computer users - "This is the highest-quality OS in the history of Windows" - Microsoft downloads Windows 7 - MS launches Windows 7, pre-loaded PCs start at Rs 15k - Microsoft to launch Windows 7 today Net Applications tracks operating system (OS) usage statistics through information reported by internet browser software. On October 21, the day before the official launch, Windows 7 usage was at 1.89 per cent, according to Channel Register. By launch day, the number hit 1.99 per cent, rising to 3.67 percent it hit on November 1. Throughout October, various versions of Windows made up 92.52 percent of the browsing market, with the Mac OS X taking 5.27 per cent, and Linux at 0.96 per cent. Despite the steadily growing Windows 7 share, Microsoft"s OS as a whole have been falling as Windows had nearly 94 per cent of the market in December 2008. Share of Mac OS X and mobile browsers appears to have modestly risen in its place.


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