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 | Vodafone wins tax dispute |
 In a major victory to Vodafone International Holdings, the Supreme Court on Friday (January 20) set aside the Bombay High Court judgement asking the company to pay income tax of Rs 11,000 crore, holding that tax authorities do not have jurisdiction on an overseas transaction. A three-judge bench headed by Chief Justice S H Kapadia held that the IT department has "no jurisdiction" to levy tax on overseas transaction between companies incorporated outside India.
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| Bajaj unviles RE 60 |
 Bajaj Auto unveiled its first-ever four-wheeled vehicle on Tuesday (January 3), targeting commercial users and three-wheeled vehicle owners in India with its car RE 60.
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| Unsafe for Kingfisher to fly? |
 DGCA has rapped all the Indian air carriers over the issue of neglecting safety due to financial constraints and made it clear today (January 5) no airline would be allowed to take a "short-cut" on the safety front. The country's civil aviation regulator while directing the airlines to sort out the safety issues in a time-bound manner however said after a meeting with officials of Kingfisher and Air India Express that there is no threat to close them down.
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| Rupee breaches 54 per dollar mark |
 The Indian rupee fell by 46 paise to a record low of Rs 54.17 per US dollar in early trade today, breaching the Rs 54 per dollar-mark for the first time in history on sustained foreign capital outflows and dollar gains against the euro and other rivals overseas.
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| Finally some relief, petrol prices slashed |
 With global crude rates coming down, petrol price has been cut by Rs 0.78 per litre, the second reduction in two weeks.The reduction, which will be effective from midnight tonight, was lower than the anticipated cut of Re 1 per litrebecause of drop in rupee and firming of international prices during the past 48 hours. Petrol in Delhi will cost Rs 65.64 per litre as against Rs 66.42 a litre at present.
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| Pranab to Oppn: Don't stall Parliament |
 Concerned over the washout of Parliament this week, Finance Minister Pranab Mukherjee on Saturday (November 26) said Parliament is not meant for "disruptions" and also appealed to his "political colleagues" to keep aside politics from major economic decisions. Acknowledging there are problems of high inflation, rupee depreciation, less than expected growth and difficulties in maintaining fiscal deficit, Mukherjee also said "our problems have to be solved by ourselves.
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| Yahoo | Last updated 270784 min ago |
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| Demand to designate Goa port as pharma export zone |
Panaji, Aug 2 (IANS) The Rs.6,500 crore pharmaceutical industry in Goa will stand to benefit by millions of rupees if Mormugao is scheduled as a designated port for exports of pharmaceutical goods, according to an industry insider.
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| China to have iron ore index |
Beijing, Aug 2 (IANS) China said Tuesday that it will start a trial run of its iron ore index some time in August.
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| Computers to monitor midday meal scheme |
Agartala, Aug 2 (IANS) Quality of food, stocktaking and complaints. All these and more will soon be streamlined with the central government finalising plans for a computerised monitoring system of the midday meal scheme that reaches out to 110 million children across the country.
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| Pep talk amid growth worry |
The industry is reeling under a high interest regime with the RBI hiking key policy rates 11 times since March last year in a bid to check rising inflation.
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| Star Alliance keeps out AI |
According to civil aviation ministry sources, Air India was denied admission because the ministry did not agree to the demands of the international body.
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| Rules for elite capital corpus |
"All portfolio managers who seek to pool assets such as for investing in unlisted securities should be required to register as an alternative investment fund," it added.
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