Business

The Budget 2012 outlined a proposal to enable tax authorities to make retroactive claims on overseas corporate deals.

A lawsuit filed by shareholder Stanley Moskal says Pandit and directors breached their fiduciary duties.

Experts say there is a greater potential for attracting higher FDI provided economic reforms are pushed.

The government through new telecom policy has made attempt to set roadmap for functioning and development of telecom sector starting 2012.

A former company insider has alleged that Infosys brought in Indian workers illegally to US and often abused business visa rules requiring foreign workers to be paid US market rate.

India currently bars foreign airlines from picking up stake in Indian carriers.

Tech Mahindra CEO Vineet Nayyar says the two companies are trying to secure more efficiencies internally.

Kingfisher Airlines has a debt of Rs 7,057.08 crore and the financial crunch has hit its operations severely.

SpiceJet informed BSE that shareholders had approved the allotment of up to 42,900,000 equity shares to Maran.

Sources said Dutch brewer Heineken is keen to gain control of India's biggest brewer and maker of Kingfisher beer.

The State Bank of India (SBI) alone has an exposure of Rs 1,408.45 crore to Kingfisher Airlines.

Former railway minister Dinesh Trivedi said he raised the fares to make the Railways safer.

Every sector participated in Wednesday's rally - capital goods, banks & financials, technology and telecom stocks, and Reliance Industries were leading gainers.

The unit will list as a business trust and has been keen to raise up to $1.5 billion in what is set to be Singapore's biggest IPO of the year.

However, sources say Congress has told TMC that sacking Trivedi would give him sympathy and make him a hero.

The increased service tax is expected to yield additional revenue of Rs 18,660 crore.