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The government is ready to take tougher attitude against those companies that understate operations in terms of production or capacity in order to get a relief in advance tax obligations. There is an added clause in the Collection of Statistics Bill, 2008, passed by Parliament last month, which states that data manipulation by a company … Read more Understating operations to save tax – Face stricter penalties
Foreign institutional investors (FIIs) were net sellers of Rs 308.15 crore (provisional) in the cash market on Tuesday, as per the information available on the BSE website. While FIIs made gross purchases of Rs 786.51 crore, their gross sales aggregated Rs 1,094.66 crore. Domestic institutional investors (DIIs) were net buyers of Rs 185.05 crore (provisional) … Read more FIIs net sellers of Rs 308 cr in cash market on Tuesday
Tata Steel’s proposed 1.5 million tonnes per annum (mtpa) steel plant in Orissa has been put on hold as the state government is facing difficulties in acquiring land for the project. Tata, which has a sponge iron unit at Bileipadar in Keonjhar district, had considered setting up a 1.5 mtpa steel plant adjacent to its … Read more Tata Steel’s Orissa initiative put on hold
GSS America Infotech Ltd has informed FreePress India that a meeting of the Board of Directors of the Company will be held on January 29, 2009, inter alia, to consider the following: 1. The unaudited financial results of the Company, both standalone and consolidated, for the third quarter ended December 31, 2008 in the current … Read more GSS America Board to consider Buy-back of equity shares
Jet Airways and ICICI Lombard General Insurance have joined hands to float an inimitable overseas and domestic travel insurance product, JetProtect. The product is available for purchase on the airlines website only and can be bought simultaneously while booking flight tickets. JetProtect offers security against possible risks during travel. Medical expenses caused by accidents, possible … Read more Jet Airways + ICICI Lombard to float travel insurance product
Amara Raja Batteries (ARBL) has announced expansion of Amaron PitStop, an exclusive retail battery centre, by setting up PitStops at Mehsana, Deesa and Gandhidham in Gujarat. Following this, the total number of PitStops in Gujarat has moved up to 12. The company has more than 130 PitStops across the country. It also has close to … Read more Amara Raja’s PitStop Retail at Mehsana, Deesa and Gandhidham