Targeting the Mukesh Ambani group, the Samajwadi Party has demanded windfall profit tax and withdrawal of concessions to private sector oil firms saying Prime Minister Manmohan Singh should take cognizance of its wish list as seriously as its support for
The field is producing 18,000 to 20,000 barrels per day of oil as against 40,000 bpd normal production. Gas output is restricted to 2.5 million standard cubic meters per day as opposed to 5.5 mmscmd in normal times. Panna-Mukta oil
The leaders of the world's wealthiest economies did not come up with any tangible solutions to solve the problem other than suggesting an increase in the production and refining capacities in the short term.
The receipt on account of the referral fee arising to the applicant would not be taxable in India...," the AAR said while giving a ruling in a reference made by Singapore-based real estate consultant Cushman & Wakefield Pte. The AAR
The NSE Nifty closed 41 points lower at 3,989. The market breadth was negative - out of 2,655 stocks traded, 1,180 advanced and 1,394 declined on Tuesday. The index went as low as 13,050 to recover from those levels and
The Institute of Chartered Accountants of India is in the process of clarifying the procedure for accounting of these peculiar transactions for which there is no precedence."We will issue explanations and clarifications as to how to record certain transactions which
Reliance Retail on Tuesday said it will launch the first outlet of its optical chain stores Vision Express, under a joint venture with Pearle Europe, by September this year in Bangalore.
The two firms are likely to bid in Peruvian government auction of 22 blocks with hydrocarbon potential, he said, adding that the auction was scheduled to open in September. Earlier this year, Reliance acquired 90 per cent stake in an
The BSE sensex now trades at a discount to S & P 500 and has corrected by 35 per cent from its peak of 20,873 points to close the quarter at 13,462 point in FY 08. The Sensex hovered around
The shortage of rice has led to a food crisis in the UAE, where inflation has climbed above 11 per cent, media reports said. India had, in March this year, banned export of non-basmati rice to check rising prices of
Suzlon Energy Ltd promoters, the Tanti Group, has announced plans to foray into China as a developer of wind farms. The Tantis are not making this investment though Suzlon Energy but through Colossus Holdings, which is their privately held investment
Had Bradley Birkenfeld worked for a small Swiss bank, his tales of smuggling diamonds in a toothpaste tube-among other ways of helping American clients fool the taxman-would have merited only a line or two in the newspapers.
Faced with my blank look of incomprehension, the taxi driver took a deep breath and tried again. "Ha-pi-tu-mi-te-yu," he intoned. Wow, I thought, six years out of Beijing have turned my once almost fluent Chinese to mush.
Ahead of the G-8 summit, Prime Minister Manmohan Singh on Monday lashed out at the international financial institutions and others at their "lethargy" in dealing with the current global crisis over the oil and food prices and mooted a forum
The Iraqi prime minister has for the first time suggested establishing a timetable for the withdrawal of US troops, a step that the Bush administration has long opposed
With the telecom market booming in the emerging countries, the $935 million Tech Mahindra is not only targeting these markets for its IT services but also for its BPO business.
It's an alarm, particularly for bachelors in their 30s. Male biological clock ticks too, for a study has found that delaying fatherhood could substantially harm a man's chances of having a family.
As Prime Minister Manmohan Singh made it clear that the UPA government will soon approach the IAEA board governors with the Indo-US civilian nuclear agreement, the Left's announcement of withdrawing its support to the UPA is just a matter of
To control violent agitators demonstrating against load shedding, police fired in the air, near Kala Ambala in Haryana. The police took the step after some demonstrators threw burning tyres at a police post.
