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
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
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 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
