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As a major stakeholder in the KG basin gas, the government is expected to intervene in the RIL vs RNRL case as the as the Bombay High Court (BHC) order has led to a fix on its gas utilization. The government is expected to earn nearly $9 billion from RIL as part of its profit … Read more Govt to intervene in RIL-RNRL tussle
First Global in a report on Indian Real Estate said, Our channel check shows the demand scenario in the real estate sector remains grim. This could primarily be due to low consumer confidence that can be attributed to the uncertain economic environment, fear of job losses, excess supply of commercial space and falling rentals which … Read more Few signs of a demand recovery in Real Estate – Shankar Sharma
Idea Cellular, an Aditya Birla Group company, is planning to launch its GSM service in Chennai soon, company officials announced. The telecom operator has already launched its services in Coimbatore, Madurai and other cities in Tamil Nadu. It has operations in four southern states – Karnataka, Kerala, Andhra Pradesh and Tamil Nadu. While the company … Read more Idea Cellular to launch GSM service in Chennai soon
With much discourse in the air on reintroducing investment allowance for companies going with new projects or building productive assets for expansion, the finance ministry is is gathering arguments from different sections. The ministry is itself in a fix over the proposal and has sought industry consultation over implementation of investment allowance. As per the … Read more Finance Minister in fix over investment allowance to cos
The Bombay High Court, on Monday, asked the Mukesh Ambani-led Reliance Industries (RIL) to provide assured supply of 28 million metric standard cubic metres per day (mmscmd) of natural gas to Reliance Natural Resources (RNRL) for a period of 17 years at a price of $2.4 per mmBtu, according to a popular business channel. The … Read more Mukesh Ambani Looses RNRL KG basin Gas case
After meeting with Navratna companies over relief from tax deducted at source (TDS), the Central Board of Direct Taxes (CBDT) has given a waiver in the regard to the power transmission utilities, including Power Grid Corporation. The tax deducted at source (TDS) levied on wheeling charges is now reduced to 2% from 10% earlier. Power … Read more CBDT grants TDS relaxation to power utilities