business

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

India’s largest passenger car manufacturer — Maruti Suzuki India (MSI) – is planning to drive its A-Star model into the African and Latin American market, company officials stated. The company is looking at tapping new markets for exports, as the demand is shifting towards compact cars globally. This export plan is slated to help Maruti … Read more Maruti Suzuki India to export A-Star model to Africa, Latin America

The government is soon likely to ban import of ‘Made in China’ mobile phones without International Mobile Equipment Identity (IMEI) number. IMEI numbered mobile phones helps keeping a track of people using it. Mobiles without IMEI number are a grave security concern. The government has so far not taken serious action in the matter as … Read more Govt soon to ban Chinese mobiles without IMEI numbers

Tata AIG, an insurance venture of the Tata Group, has rejected Satyam’s claims towards legal costs. Once the fourth largest IT exporter, Satyam had taken the Directors & Officers Liability policy (D&O Policy) to protect its executives against legal costs in defending suits brought against them for wrongful acts and any awards, including out of … Read more Tata AIG rejects Satyam’s insurance claims

National Stock Exchange (NSE), the biggest stock exchange of the country, has slashed the lot sizes for derivative (futures and options) contracts of 143 stocks in order to induce more retail participation in the segment. NSE has come out with the new lot sizes in the wake of huge spurt in the prices of many … Read more NSE reduces lot sizes for more retail participation