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Government is considering reducing the collection targets of direct tax owing to the global meltdown which has brutally shaken up various industries and companies in India. The revised direct tax estimates are expected to be [...]

While facing serious pressures from the villagers and farmers, the Gujarat Government has approached Gujarat High Court yesterday and filed an affidavit stating that the land provided to Tata Motors to set up the plant [...]

With Satyam’s Chairman Ramalinga Raju filing a bail plea with the court and Raju’s lawyer is arguing against the CID custody for him, a new dimension is added to Satyam Saga. The public prosecutor has [...]

PwC (Pricewaterhouse Coopers) is to save itself using the Bombay High Court’s 1986 verdict, which stated that an auditor is not to be blamed for a company’s strategically aligned ‘fraudulent norms’. The case to be [...]

Central railways has decided to install an Integrated safety system valued at Rs.230 crore to increase security of the area; post the unfortunate incident of Mumbai terror attacks. As informed by CR’s General Manager, B [...]

Center has brought down the anticipated amount of sugar production for the year 2008-09 by over 40 lakh tonnes, from 220 lakh tonnes (as was thought in November end) to 180 lakh tonnes. This has [...]

Government is looking into asking the RBI for relaxing of the rules that govern Dollar credit. This step will allow banks to lend a helping hand in bringing the exporters out of the ‘illiquid tide’. [...]

BHEL (Bharat Heavy Electricals Limited), the manufacturer of Power Plant Equipment holds plans of investing about Rs.1000crore over next two years. The focus will be on advanced technology products, coal research and valve production. As [...]

In a move aimed at retaining its customers,PWC global CEO, Samuel A DiPiazza has reassured its customers about the firms credibility and assured them of its illustrious history. Incidentally two of the firms partners were [...]