Briefly Business: Govt sets up advisory group on transfer pricing

The finance ministry has constituted an advisory group for matters relating to international taxation and transfer pricing in the wake of rising global concerns over the issue

Written by Agencies | Published:May 4, 2012 1:00 am

Govt sets up advisory group on transfer pricing

New Delhi: The finance ministry has constituted an advisory group for matters relating to international taxation and transfer pricing in the wake of rising global concerns over the issue.

‘Services PMI up in April; optimism at 10 month high’

Mumbai: Driven by rise in new businesses,the services sector growth rose to 52.8 in April from 52.3 in March and business optimism hit the highest level since last June,according the HSBC services PMI survey.

Adidas to close one-third of Reebok stores in India

New Delhi: Adidas on Thursday said it plans to shut down one-third of its 900 Reebok stores in India as a part of an aggressive restructuring strategy for the brand in the country.

Hero MotoCorp dips over 7%; loses R3,400 cr in m-cap

Mumbai: Shares of Hero MotoCorp on Thursday slumped over 7 per cent,eroding Rs 3,447 crore from its market value,even as the company posted 20.33 per cent increase in Q4 net profit.

Indian cos raise $3.84 bn from overseas in Mar

Mumbai: Indian companies raised $3.84 billion from overseas in March,up 48 per cent from $2.6 billion in the previous month,the RBI said. Overseas investment by Indian firms fell marginally to $2.67 billion in April.

Notices to 30 cos for delay in coal block development

New Delhi: The government on Thursday issued show cause notices to 30 companies,asking them to explain reasons behind delay in developing the mines.

NDTV Q4 standalone net loss at R15.87 crore

Mumbai: News broadcaster NDTV Ltd has narrowed its standalone final quarter net loss to Rs 15.87 crore from Rs 23.17 crore a year ago,according to Indiantelevision.com.

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