SC asks Satyam Rs 617 cr bank guarantee to defreeze accounts

The Supreme Court on Friday directed Mahindra Satyam to file a petition before the CBDT relating to its tax dispute within two weeks, while asking the firm to furnish a bank guarantee of Rs 617 crore within 48 hours to defreeze its bank accounts.A three-judge bench headed by Chief Justice S H Kapadi...

National Tax Headquarters is being set up at New Delhi

Finance Minister Pranab Mukherjee says, National Tax Headquarters -Rajaswa Bhawan - is being set up Delhi. It will come up on a 5.65 acre-plot at Kasturba Gandhi Marg in the next 24 to 30 months. Mukherjee was giving away prizes to the successful architects in the National Architectural Design Compe...

New guidelines for Maharatna status likely by June: Patel

The Heavy Industries and Public Enterprises is likely to come out with new guidelines for granting Maharatna status to PSUs by June. Speaking to reporters in New Delhi, Heavy Industries and Public Enterprises Minister Praful Patel said the new guidelines is going to go to the Cabinet in a month. Mr ...

TAPI gas pipe line technically feasible: India

New Delhi says, Turkmenistan, Afghanistan, Pakistan and India, TAPI gas pipe line is technically feasible. Authoritative sources said that a steering committee which was formed for the purpose has given the feasibility report. The Pipe line will be passing through highest mountains in the world. The...

Gold, Silver sizzle ahead of marriage season

Sensex down 310 points

The Sensex at the Bombay Stock Exchange slumped 310 points, or 1.6 percent, to 19,387, today, on higher inflation numbers for March, and disappointing results by IT bellwether, Infosys. The Nifty dropped 87 points, or 1.5 percent, to 5,825. Stock markets in Japan, China, Hong Kong, South Korea and S...

BHEL to get Navaratna status soon

Union Minister for heavy industries and public enterprises Prafful Patel has said that the Bharat Heavy Electricals Limited (BHEL) will be accorded status of Navaratna Company soon. Addressing a function in BHEL Bhopal today, he said that there are only five Navratna companies in the country and the...

TAPI gas pipe line technically feasible: India

New Delhi says, TAPI gas pipe line is technically feasible. A steering committee was formed for the purpose. Authoritative sources said an enabling agreement has been signed already. The Pipe line will be passing through highest mountains in the world. Dismissing reports about any US pressure on the...

Sensex down 310 points

Heavy selling in IT stocks dragged the Sensex at the Bombay Stock Exchange down 310 points, or 1.6 percent, to 19,387, today. The Nifty at the National Stock Exchange plunged 87 points, or 1.5 percent, to 5,825.

Sensex loses over 260 points in afternoon trade

Heavy selling in IT stocks dragged the Sensex at the Bombay Stock Exchange down 160 points, or 0.8 per cent, to 19,537, in early trade, this morning, after IT bellwether, Infosys reported a lower-than-expected 14 per cent increase in its fourth quarter net profit. After plunging more than 330 points...