Setting aside the orders of the AO and Commissioner of Income Tax (Appeals) in case of Delhi-based Genesis Overseas case, the ITAT has ruled that tax sleuths cannot impose penalty without clearly mentioning the grounds for such action.
The 'Jetta' will be available in three variants and two engines including 1.6L petrol trendline, 1.9L diesel trendline and top of the line Jetta 1.9L diesel comfortline
HDFC has denied reports suggesting that the Citi group which is raising resources for its survival would be selling its 11.74% stake in the housing finance company. Citi stake in the HDFC would be worth around Rs 5500-Rs 6000 crore.
HDFC has reported a profit after tax of Rs 468.11 crore for Q1 2008-09 as compared to Rs 372.81 cr in the corresponding quarter of the previous year, showing an increase of 26%.
The expenditure on human resources works out to 50 to 55 per cent of the reveneus of the company and it expects to optimise its cost through a proper mix of hiring trainees and profesionals. Ajoyendra Mukherjee, Vice-President and Head,
The 2009 releases include Autudesk Inferno, Autodesk Flame and Autodesk Flint software for visual effects systems and the Autodesk Smoke software finishing system. The release of these softwares will be showcased at Autodesk's Asia Pacific Systems 2009 roadshows across Mumbai,
The market breadth was fairly positive - out of 2,689 stocks traded, 1,529 advanced, 1,088 declined and 72 were unchanged on Thursday. The NSE Nifty surged 130 points to settle at 3,947. The index rallied to a high of 13,150,
The Bush administration confirmed that it would send a top diplomat to a meeting with a senior Iranian negotiator this weekend - a US policy shift that European diplomats hope will encourage more flexibility from Tehran over its disputed nuclear
China faces its worst power shortage in at least four years as soaring coal prices and government-set electricity tariffs force dozens of small power plants to shut
China's economy slowed in the second quarter as exports weakened and lending curbs bit, prompting some banks to cut their 2008 growth forecasts and to rule out a rise in interest rates this year
Masaru Tamagawa, Managing Director, Sony India, believes that higher duty structures on imports and the depreciating rupee are coming in way of making Sony products in India more affordable.
Unitech, the country's second largest property developer, has raised $300 million (nearly Rs 1,290 crore) from international investors for its $600 million global property fund.
This project christened 'Project Arrow' has been launched to initially upgrade 500 post offices, across 10 circles, mostly in rural areas, by the end of this calendar year. Under the project, 500 post offices will receive a makeover, to represent
Scrapping of the EoU status to petroleum refineries was one of the demands of the Samajwadi Party after it decided to support the United Progressive Alliance government, which is set to face a trust motion in the Lok Sabha. "Amar
Focusing on core (not only core in terms of operating sectors but also core consumers/customers, and markets) businesses and leveraging core strengths to tide over the tough times would not only prevent erosion of the strength of the business but
Bank credit grew Rs 15,731 crore (Rs 157.31 billion) during the fortnight, the Reserve Bank of India said. Bankers partly attributed the rise in credit to the higher demand for funds from oil companies. Also, some companies have advanced their
It is not just sending out funds-kind-of-situation where there is long wait for returns. The inflows, in the form of dividend, royalty, repayment of loans and licence fees, from outward FDI rose by 76.7 per cent to $916 million in
