Telenor issues notice to government on 2G
New Delhi: Telenor on Tuesday said it has issued a notice to the government seeking damages for cancellation of its licences,but the Department of Telecom said it will respond only after receiving notices.
Sensex up 205 pts on easing fears on FII tax
Mumbai: The BSE Sensex bounced back 205 points at 17,257.36 Tuesday on market re ports that the government may not tax all FII investments under the proposed rules that aim to check tax avoidance.
CCI okays merger of subsidiaries with Rel Infra
New Delhi: CCI has approved the proposal of Reliance Infrastructure to merge five wholly-owned subsidiaries with itself. It also approved the demerger of the container business of Reliance Infrastructure Engineers from the company.
GD Brara is Air Indias new Commercial Director
New Delhi: GD Brara has taken over as the Commercial Director of Air India. He will look after operations pertaining to department and the Cargo SBU.
Tax waiver for private PF trusts likely
New Delhi: The government has indicated that the IT exemption to about 2,400 private provident fund trusts would be incorporated in the 2012-13 Budget.
RBI to provide additional borrowing on Mar 30,31
Mumbai: The RBI has said it will provide additional borrowing facility to banks in the last two days of the fiscal to prevent any liquidity crisis in view of tax payments.
Govt should consider diesel deregulation
New Delhi: I think some action will be required on diesel deregulation in order to keep petroleum subsides at the budgetary level, said PMEAC chairman C Rangarajan on sidelines of Skoch Summit here.