business

Murudeshwar Ceramics has informed that the Company has received declarations pursuant to Regulation 8A(1) of the above said regulations from Persons forming part of the Promoter Group and the following are the particulars of the declarations received: 1. Name of Pledgor : R N Shetty Family Trust Name of Pledgee : Industrial Development Bank of … Read more Murudeshwar Ceramics Directors Pledge 20% Equity

Owing to slack demand in the housing sector amid tight liquidity condition, realty major DLF has decided to suspend more than quarter of its commercial projects. Escalating costs across sectors have only led to an overall rise in the total costs and shrinking demand has appalled the situation further to deteriorate. DLF is reported to … Read more DLF halts quarter of its planned construction work

The beleaguered IT major Satyam Computers managed to bag 15 new outsourcing contracts in the month of January 2009, despite the revelation of one of the country’s biggest corporate accounting fraud at the company. According to a company official, of the 15 contracts, three were from the US and two were from Europe. Apart from … Read more Satyam bags 15 outsourcing contract in Jan 09

The Supreme Court on Tuesday allowed capital market regulator the Securities and Exchange Board of India (SEBI) to question the Raju brothers – Ramalinga and Rama – promoters of the fraud-ridden Satyam Computer Services. SEBI’s investigator Sunil Kumar will interrogate the siblings in the jail premises in Hyderabad over the next three days. The market … Read more SEBI gets Supreme Court Nod to Quiz Satyam’s Raju

The Central Board of Excise and Customs (CBEC) has said in a circular that property developers need not pay any services tax until the actual sale of the property is realised. This means that despite entering into contract with buyer, developer will not pay any tax on the construction of property which could be considered … Read more Home Buyers – Builders saved from services tax until Sale