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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
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