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December 11, 2012 12:48 PM
The Mumbai Service Tax department has seized an aircraft of the crisis-hit Kingfisher Airlines. Deputy Commissioner of Service Tax department had sent an order to Kingfisher that seven aircraft of the airline in Mumbai will be impounded as the airline had defaulted on service tax dues of 200 crore r...
December 11, 2012 12:39 PM
The BSE benchmark Sensex gained 144 points to 19,550 in late morning trade. Earlier Sensex was recovered by over 194 points to 19,604 in opening trade on fresh buying by funds and retailers on expectations of a rate cut by the Reserve Bank in its monetary policy review next week.Similarly, the wide-...
December 11, 2012 12:08 PM
Reports from the United States say the British Bank HSBC will pay a record 1.9 billion dollars to the American authorities in a settlement over allegations of money laundering. The deal could be announced today. HSBC's reputation was tarnished over claims that it laundered money for Iran an...
December 11, 2012 10:30 AM
Oil prices rose in Asian trade today on expectations of fresh stimulus measures from the US Federal Reserve to perk up the struggling US economy. New York's main contract, light sweet crude for delivery in January delivery gained three cents to 85.59 dollars a barrel and Brent North Sea cru...
December 11, 2012 10:28 AM
The rupee today strengthened by 19paise to 54.29 against the dollar in early trade at the Interbank Foreign Exchange, Forex market on selling of the US currency by exporters amid foreign capital inflows. Besides, a higher opening in the domestic equity marketand strengthening of euro against the dol...
December 11, 2012 10:27 AM
The BSE benchmark Sensex today recovered by over 194 points to 19,604 in early trade on fresh buying by funds and retailers on expectations of a rate cut by the Reserve Bank in its monetary policy review next week. The 30-share barometer has lost over 77 points inthe past two trading days.Similarly,...
December 11, 2012 9:32 AM
HSBC is to pay US authorities 1.9 billion dollars in a settlement over a money laundering probe. The UK-based bank was alleged to have helped launder money belonging to drug cartels and states under U.S sanctions. Earlier this year, HSBC admitted having poor money laundering controls following a U.S...
December 11, 2012 9:32 AM
The government has introduced in Parliament the Bill to amend the Competition Act which, among other things, will require the Competition Commission to decide on corporate mergers within 180 days. Once in place, the Bill will allow the Competition Commission of India, CCI chairperson to authorise se...
December 11, 2012 9:31 AM
The government today asked tax evaders either disclose their correct income and pay advance tax by December 15 or be prepared to face action. Speaking to reporters in New Delhi yesterday, Revenue Secretary Sumit Bose urged all assessees to disclose their true income. Mr Bose said, there is no advant...
December 10, 2012 4:58 PM
The Sensex at the Bombay Stock Exchange declined 14 points, or 0.1 per cent, to close at 19,410, after volatile trade, today. But the Nifty at the National Stock Exchange managed to gain 2 points, to 5,909. Stock markets in Japan, China, Hong Kong and Singapore rose between 0.1 percent and 1.1 perce...
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